How to buy Bytom online

Bytom (BTM) is a Chinese cryptocurrency project that aims to allow any asset to be digitised and put on the blockchain. This guide explains how to buy BTM coin and provides an overview of the investment proposition.
By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
Updated: Nov 15, 2021
Tip: our preferred broker is, eToro: visit & create account

On this page, find out everything you need to know before you invest in Bytom tokens. We list the best places to buy Bytom tokens online, explore the project’s recent performance as an investment, and look to the future. Read on to get started.

Compare where to buy Bytom, and open an account

If you have already decided that you want to get BTM now, click on any of the recommended trading platforms below to sign up and purchase coins. Otherwise, to keep learning about Bytom, keep scrolling down this page.

1
Min. Deposit
$50
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

How to buy Bytom online – a step-by-step guide

Step 1. Find an exchange

The simplest, fastest and most affordable way to purchase crypto tokens is through a cryptocurrency exchange: a giant marketplace where users can purchase and sell different tokens.

However, few exchanges aside from TOKOK, OKEx Huobi Global and Bittrex currently support Bytom because of its fringe nature. However, to purchase Bytom from any of these exchanges, you will need to fund your account with a cryptocurrency like Bitcoin. Here are the best platforms to get crypto right now:

Step 2. Sign up and fund your account

Now you have selected an exchange, it is time to create an account and add funds to it. To do this, fill out the contact details that are required, provide a copy of your photo ID if needed, and add funds from an accepted source. These days, most exchanges accept fiat money like USD and EUR from a bank transfer or credit card, though some will require crypto from a wallet.

Step 3. Purchase

Now, it comes to purchasing Bytom coins. To do this, search for the coin’s ticker, BTM, enter the number of coins you want to purchase, check you are happy with the price and associated fees, then execute the transaction.

Step 4. (Optional) Get a suitable wallet

If you want to trade Bytom, you should skip to the next section. However, if you want to hold BTM tokens for the long term, a wallet should be a serious consideration. These are secure storage facilities for your crypto funds, and they protect your capital from online attacks and theft. Here are two of the best wallets to use right now:

1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Bytom – step-by-step guide

Step 1. Find a broker

The best way to trade cryptocurrencies like Bytom is through a broker because these are online services that allow you to quickly and easily open and close market positions. However, no brokers currently support BTM as an asset.

As Bytom becomes more popular, this may change, and this page will be updated as a result. In the meantime, it may be wise to keep an eye on eToro or Robinhood because these major brokers are the most likely to list BTM first.

Step 2. Deposit money

Just as we explained the process of signing up to an exchange, you have to do the same with a broker. So, fill out any necessary contact details, provide your ID, and add funds via a bank transfer, credit card or even PayPal (in some cases).

Step 3. Learn how to perform technical analysis

Technical analysis will be key to your ability to know when to enter a trade and when to exit one. Make sure you complete our short-term trading course if you aren’t already familiar with this, and then get to work figuring out exactly what forms of technical analysis you want to focus on.

Step 4. Decide whether to go long or short

When trading BTM, you can go long (if you believe it will rise in value), or go short (if you believe it will fall in value). This means you can make money regardless of how the market moves. It is important to understand the difference between these two positions before you start trading.

Step 5. Make the trade

Now the previous four steps have been completed, you can start trading Bytom. However, if you still have a few doubts and want to practice your trading strategies before risking real money, use a demo account for the first few weeks until you have a firm grasp of the basics.

1
Min. Deposit
$50
Promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Should I invest in Bytom?

Bytom is a Chinese blockchain platform that intends to allow easy asset digitisation and rapid transactions. Given the strong reputation of the development team and the fact the project has already secured some partnerships with influential crypto players, it could be poised for sustained growth over the next few years.

Whether or not you should invest also depends on the broader mood of the market. If times are looking bullish, expect an altcoin like Bytom to perform well. However, in bear cycles, altcoins like Bytom are likely to struggle.

The company has cash to burn and if it can market itself successfully, could start to expand its reach beyond the Chinese market. If you believe in the central premise of the project and like the look of the team and brand, investing is certainly something to consider more closely.

Still undecided?

If you still haven’t made up your mind about BTM yet, check out the pros and cons of Bytom below.

Pros

  • A unified application for putting assets on the blockchain
  • The developers have extensive track records working in the Chinese cryptocurrency space.
  • Bytom has already achieved some significant partnerships with major companies
  • The Bytom team managed to raise a sizeable amount of money from public and private pre-sales, giving them cash to burn for a while

Cons

Now, check out the additional considerations you should make below and decide if you want to invest in Bytom.

1. Is now a good time to buy Bytom?

This really depends on what kind of investor you are. For long-term investors, Bytom’s abilities to provide high throughput via a flexible and secure multi-asset, cross-chain protocol could lead the price of BTM upwards. Moreover, founders Duan Xinxing and Chang Jia have the crypto-specific experience needed to inspire confidence in the project.

For short-term traders, you won’t be interested in what the price of BTM will be in a few years; you are interested in the here and now. So, you need to focus on technical analysis so you can predict where the market is likely to move next.

For more information on Bytom’s recent price performance, check out our latest BTM analysis pieces below:

2. What problem does Bytom solve, and what are its investment prospects?

Bytom provides a comprehensive package of blockchain-based innovation, allowing digital and real-world assets such as currencies, securities, dividends and bonds to be tokenised with their information stored on the Bytom chain. This information is then contained in a new, fast and flexible market, allowing users to exchange, gamble, or engage it.

Since its ICO in June 2017, the project has struggled to get off the ground in terms of the price of BTM, and its inability to make sure its mining algorithm is perfected is part of the problem. Right now, the company faces a great deal of competition, especially from protocols like Synthetix and UMA, which offer similar features with more users and stronger brands.

For the latest news on Bytom and the cryptocurrency sector the project inhabits, click on any of the articles we have linked below:

3. Do you want to hold Bytom for the long term?

There are two distinctly different ways you can seek exposure to the price performance of BTM: purchasing it and holding it for the long term, or trading it for accelerated returns. Here are the considerations you should make for each route.

Considerations for a long term investment strategy

Long-term investors need to focus on sourcing a trustworthy crypto exchange to purchase BTM tokens. Then, you should consider getting a crypto wallet to store your Bytom safely.

Considerations for a short term trading strategy

If trading is more up your street, find a broker with low trading fees that supports BTM. Then, you need to conduct technical analysis and decide whether you want to go long or short.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

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Charlie Hancox
Financial writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.