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BitTorrent Token Casinos Guide

Most have heard of BitTorrent, a peer-to-peer file-sharing platform, which is popular for its decentralization, especially in recent years. However, it also introduced a token on TRON’s blockchain, named BTT. This was brought to the attention of the general public throughout 2021, allowing it to grow immensely.

What this means is that more and more people are becoming owners of BTT, which directly translates into a higher probability of crypto casino players owning BTT, which in turn naturally means that they’d want to use it to gamble. This is great news for the blockchain itself because it finds a niche it can freely be used around in.

However, not that many crypto casino owners are aware that BTT is becoming popular, which is why players usually reach out to customer support to let them know of new tokens they want to see available as a payment option.

If you’ve become an owner of BTT or are interested in the crypto casino options available on the market, you probably want to know the history of the token, as well as its advantages and disadvantages. You’ve come to the right place. We will be going through everything you need to know about the token and BTT casinos before you dive into this corner of the industry.

History of BitTorrent Token (BTT) & How It Works?

BitTorrent Token, or BTT for short, is a token that’s been around since 2019. The BitTorrent platform was purchased by the blockchain platform TRON, which we covered in another article, making BTT a highly beneficial token. Since TRON purchased BT, it has added various benefits to the token itself.

Before anything else, BitTorrent became the go-to peer-to-peer file sharing application/platform, dating back to 2001. Of course, it was surrounded by a lot of controversies, due to the reasons why people used the platform. However, due to its decentralization, it was possible for it to remain intact.

In terms of utility, BTT is used for paid-for services, upgrades, VPN capabilities, and ad-free web browsing. There aren’t any other utilization possible at the moment, which could be a turn-off for some, but since the token is rather new, we cannot judge it according to that just yet.

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Advantages of BitTorrent Token (BTT) Casinos

First and foremost, coming directly due to the fact that BitTorrent was an almost decentralized platform, is the advantage of BTT being decentralized as a token. This becomes especially true due to BitTorrent and its token being owned by the TRON network, which we all know is one of the most decentralized and anonymous blockchains out there.

Decentralization is extremely important because it implies that no governments and jurisdictions can tamper or manipulate the network and transactions. This appeals to those who wish to escape from the bonds of institutions when it comes to finances.

Additionally, as we mentioned anonymity, it is a great benefit that you will be remaining mostly anonymous through the ownership and trading of BTT, due to TRON’s security and protocol. This is actually one of the biggest reasons why many have started buying the token, and why it reached to top 50 cryptocurrencies by market cap. If you wish to remain anonymous while playing at crypto casinos, then BTT might be the token for you.

Because BTT is now owned by TRON and works under their blockchain, the transaction speed of the cryptocurrency is almost invisible. The block time is 3 seconds, meaning it will take a maximum of 3 seconds for your transaction to be completed. If we take into consideration the purchase, deposit, and then withdrawal of BTT, it will take you a total of 9 seconds waiting time, which is important, as it removes the factor of waiting unnecessarily.

What is very impressive is the fact that BTT, the same as TRON, comes with no transaction fees. How awesome is that? No matter how many hundreds of transactions you make, it will cost you absolutely nothing. This is because the TRON network aims to become the go-to blockchain for users who wish to achieve complete anonymity and have no fees or unnecessary costs.

Because BTT is available worldwide, just like most cryptocurrencies, it avoids any restrictions and rules placed by governments. This is especially true due to the decentralization of the token as well as the TRON network. What this means is that every citizen of a country that has restrictions can enjoy crypto casino gameplay. However, it is probably a good idea to use a VPN during play, to further mask your activity.

Low-risk players and high-stake players will definitely benefit from BTT casinos for one simple reason. BTT has no restrictions when it comes to casinos. For example, fiat currencies have heavy rules when it comes to casinos, which means that providers cannot fall below a certain amount of bets and cannot exceed the limit placed for each fiat, by its government/jurisdiction.

Pros & Cons: BitTorrent Token (BTT) Casinos

When deciding whether a crypto casino is for you or not, you should look at both sides of the coin, which includes advantages and disadvantages. We believe in transparency when it comes to information delivery, which is exactly what we do. We will provide you with every piece of information you need to make an accurate assessment and decide whether or not BTT casinos are for you.

PROS

  • Decentralization – Because BTT is owned by TRON and works under its blockchain, and TRON is known for being a highly decentralized network, this naturally translates into BTT being a decentralized token. This is very important to many because they wish to avoid government and jurisdiction tampering and manipulation.
  • Anonymity – BitTorrent was known for allowing users to remain anonymous while using their networks, and because TRON now works with the team behind BitTorrent, this made the transition easy. Right now, you will be remaining completely anonymous while trading BTT. This means nobody will know you are playing at crypto casinos.
  • No Transaction Fees – BTT, same as TRON, comes with no transaction costs or any similar fee. This is because of the aim of TRON to attract more users, due to their belief that such costs are unnecessary. For crypto casino experience, this means that no matter how many transactions you make, it will cost you absolutely nothing.
  • Transaction Speed – BTT has a block time of 3 seconds, same as TRON, due to the blockchain they use. This means that it will take you only 6 seconds to make a deposit and then make a withdrawal. Crypto casino players will greatly benefit from this because it will remove the absurd wait times that fiat payment methods apply.
  • Global Availability – Nothing new here, but BTT, as a cryptocurrency, allows for users all around the world to own the token. This is possible because decentralized cryptocurrencies have no restrictions, and bypass all rules placed by governments. Of course, in order to further mask your activity, you’d need to use VPN software.
  • Betting Limits – Unlike fiat currencies that have so many restrictions, cryptocurrencies do not. This makes it easy for providers to reduce the lower limit and increase the maximum betting limit in crypto casino games. This ensures both types of players can enjoy their experience to the fullest.

CONS

  • Lack of Proper Regulation – The only type of license BTT casinos can get is a Curacao license. This is because the officials from Curacao are not well-known for assisting players affected by fraudulent casinos under their regulations.
  • Not Widely Adopted – BTT got to its where it is right now fairly recently. This allowed no time for owners to adopt the cryptocurrency as a payment method. However, this is expected to change very soon because of the “demand and supply” going around.
  • Crypto Volatility – Cryptocurrencies are highly volatile for many, many reasons unless they are stablecoin. Well, BTT is definitely not a stablecoin, which means that it can get hit by volatility at any given moment. This directly translates into your crypto casino winnings, because they might be worth less or more, depending on the price of the token.

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How To Buy BitTorrent Token (BTT)

BitTorrent Token is becoming more and more popular by the day. This forces many crypto exchange platforms to verify the credibility of the token, after which they list it. Some of the major platforms that offer BTT are Binance, Gate.io, Bithumb, KuCoin, Uniswap, SushiSwap, MEXC, and more. Note that these are not the only crypto exchange platforms that accept BTT, so make sure to check in with other CEXs if you do not see them listed here.

Of course, cryptocurrencies require a crypto wallet to be stored in. Happily, most crypto exchange platforms nowadays offer an integrated crypto wallet. What this means is that if you were to purchase BTT through Binance, for example, you’d be storing your BTT tokens directly on the platform. If you wish to use a third-party crypto wallet, we suggest taking a look at Metamask, Trust Wallet, Exodus, etc.

How to make a deposit at a BitTorrent Token (BTT)?

Create and account

Register at a BTT casino using our links.

Deposit BTT

Log in and click on the "Deposit" button located in the top section of the casino.

Choose BTT

Select BTT or another crypto as the one you wish to deposit.

Make a deposit

Make a deposit to the address shown on your screen and voila.

Conclusion

BTT, same as most other smaller, but popular, cryptocurrencies is perfect for those who wish to tap into the world of crypto casino gaming. It is very easy to do so with such tokens, due to the lack of transaction fees, the transaction speed, and the time it takes to create an account at a CEX, an account at a crypto casino, and make a small deposit.

This will ensure you avoid the pain of fraudulent casinos as well because even if they are, you would’ve lost only a small amount. Of course, the main problem here is that BTT is not accepted at every crypto casino on the market currently, due to its recent hype and adoption.

With more time, owners will realize that many of their players already own BTT, and will naturally want to add BTT as a payment option.

Below, you will find our FAQ section, which has some condensed information.

 

FAQ

Yes, BTT is a legit token, which is also part of the top 50 cryptocurrencies by market cap at the moment. There are many affiliates of BTT that ensure the credibility of the team behind the network and cryptocurrency. This makes BTT a safe token to invest in. Of course, in order to remain secure, make sure to select a credible crypto exchange platform as well.

You can purchase BTT from crypto exchange platforms such as Binance, Gate.io, Bithumb, KuCoin, Uniswap, SushiSwap, and more. As you can see, these are some of the most popular crypto exchange platforms on the market that do not just offer any tokens, further adding to the credibility of the token.

Not really. Unfortunately, because of the recency of the hype surrounding BTT, it is not yet accepted at too many crypto casinos, which is also one of its main disadvantages for many crypto players. However, on a brighter note, because of the demand of players, owners are left with little to no choice, but to include BTT as a payment method or at least consider it, so don’t hesitate to hit up the customer support of a casino and let them know you want to see BTT available.

If you own not only BTT but other cryptocurrencies as well, do not worry. BTT casinos usually accept way more tokens than only BTT. These often include Bitcoin, Ethereum, Litecoin, Dogecoin, Bitcoin Cash, Tether, and more. Additionally, if it is not a crypto-only casino, you will also be able to deposit using fiat currencies such as the USD, EUR, JPY, etc.

Victor Stuard

the author

Victor Stuard

Victor Stuard

Crypto Specialist

the author

My name is Victor Stuard and I am passionate about crypto-currency, blockchain, fair gambling and new technologies. I have been in the crypto mining for the last 7 years and since the first Bitcoin casino was launched. I am here to help you finding the best crypto casinos and compare their pros & cons.