Introduction to the world of cryptocurrency can be both exciting and daunting
Lending BitTorrent can be an excellent choice for those looking to hold BTT while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.
Step-by-Step Guide 1
1. Acquire BitTorrent (BTT) Tokens
To lend BitTorrent, you must first possess it. To acquire BitTorrent, you'll need to purchase it. You can select from these well-known exchanges.
2. Select a BitTorrent Lender
Once you have BTT, you'll need to select a BitTorrent lending platform to lend your tokens. You can explore some options here.
Platform Coin Interest rate Kucoin BitTorrent (BTT) Up to 0,5% APY 3. Earn BitTorrent with competitive rates that allow you to maximize your investments
Once you've selected a platform to earn your BitTorrent, transfer your BitTorrent into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.
What to be Aware of
Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Movements
BitTorrent (BTT) is currently priced at US$0.5 with a 24-hour trading volume of US$70.63M. The market cap of BitTorrent stands at US$1.15B, with 986,06T BTT in circulation. For those looking to buy or trade BitTorrent, Kucoin offers avenues to do so securely and efficiently
- Market cap
- US$1.15B
- 24h volume
- US$70.63M
- Circulating supply
- 986,06T BTT
