As promised on Twitter, Cryptolocally is introducing a new coin to the revolutionary P2P Marketplace: BTT. The addition of BTT will be the latest coin to be supported from the TRON ecosystem, with many more to come. BTT, short for BitTorrent Token, is a cryptocurrency launched by BitTorrent — a platform known for its P2P file-sharing network. BitTorrent launched BTT with the hopes of creating additional incentives to torrenting and improving download speeds.
What is TRON?
TRON is a secure and scalable blockchain that uses delegated Proof-of-Stake (DPoS), with more than 2 billion completed transactions to date. DPoS is the same consensus protocol found in other major blockchains like EOS. It also offers a resource management model similar to EOS, offering feeless transactions depending on the staked TRX on the network.
BTT is now a tradeable asset peer-to-peer
Cryptolocally’s users will now be able to buy and sell BTT without limits and within minutes as they are not required to undergo a KYC verification process. This increases both of the digital asset’s liquidity as traders will be able to buy or sell BTT using local fiat payment options available in their jurisdiction. This enables them to immediately leverage Cryptolocally’s +50 selection of crypto and fiat payment options including Paypal, Transferwise, and Revolut.
All transactions facilitated by Cryptolocally will be protected by an enhanced smart contract escrow service which will protect both the buyer and seller throughout the transaction process. Furthermore, it is non-custodial which means users never lose custody of their digital assets and Cryptolocally’s operators will not be able to touch customer’s funds. The combination of a fast registration process, comprehensive payment options, and a simple yet powerful P2P trading platform make Cryptolocally the most convenient and safest way to buy or sell BTT.
How to buy or sell BTT on Cryptolocally
Trading BTT on Cryptolocally is simple and does not require previous trading experience. Just follow these three simple steps to start trading today!
Step 1: Open trades
Choose BTT as your preferred cryptocurrency to buy or sell and create an offer or choose an existing one to start trading. After the buyer and seller agree on terms, the seller can transfer BTT to the secure escrow.
Step 2: Peer-to-Peer Settlement
Send or receive the agreed amount of the local currency or crypto and confirm the payment. Users have the option of frictionless trade cancellations and escrow refunds.
Step 3. Release funds
Once the funds have been received, the seller can safely release the escrow. The BTT amount will instantly be transferred to the buyer’s wallet.
What are you waiting for? Go ahead and try out this fast, secure, and easy-to-use P2P trading platform. Sign up and create your first offer today!