Introduction
Lending BitTorrent can be a great option for those who want to hold BTT but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-Step Guide
1. Obtain BitTorrent (BTT) Tokens
In order to lend BitTorrent, you need to have it. To obtain BitTorrent, you’ll need to purchase it. You can choose from these popular exchanges.
See all 17 pricesPlatform Coin Price Kraken BitTorrent (BTT) 0.00000107 OKX BitTorrent (BTT) 0.000001077 Bitmart BitTorrent (BTT) 0.000001078 MEXC Global BitTorrent (BTT) 0.000001076 Bitget BitTorrent (BTT) 0.00000108 BingX BitTorrent (BTT) 0.00000108 2. Choose a BitTorrent Lender
Once you have BTT, you’ll need to choose a BitTorrent lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin BitTorrent (BTT) Up to 0.5 APY 3. Lend Your BitTorrent
Once you’ve chosen a platform to lending your BitTorrent, transfer your BitTorrent into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
What to be Aware of
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
Latest Movements
BitTorrent (BTT) is currently priced at $0.5 with a 24-hour trading volume of $43.71M. The market cap of BitTorrent stands at $1.04B, with $968.25T BTT in circulation. For those looking to buy or trade BitTorrent, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $1.04B
- 24h volume
- $43.71M
- Circulating supply
- $968.25T