how to buy qtum

Qtum (QTUM) is a decentralized blockchain that combines the strengths of Bitcoin and Ethereum in one system. Due to the effectiveness of Qtum, many users have started asking questions like “how to buy Qtum (QTUM)” and “where to buy Qtum.”

If you want to buy Qtum but don’t know where to start, you’ve come to the right place. This article will cover the basic steps of buying QTUM, as well as other important topics.

Qtum (QTUM) Buying Guide

Step 1: Find An Exchange That Supports QTUM

To start buying QTUM, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support QTUM.

Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

  • 500+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.075%*-0.1%*
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  • Available in Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • Sign-up bonus : Up to $500 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • 10% reduced trading fees & up to $170 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying QTUM, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, CAD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy QTUM Officially?

Learning how to buy QTUM is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the QTUM ticker. You can also look directly for QTUM trading pairs to save time. Afterwards, just enter the amount of the QTUM tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About Qtum (QTUM)

Qtum is a powerful open-sourced blockchain that leverages the security and convenience of UTXO (unspent transaction output) while working with EVM and other complex machines. This blockchain can deliver highly efficient and scalable services for all industries.

Are you curious about Qtum? Here are some of its powerful features:

  • Faster and more efficient Proof-of-Stake protocol
  • Powered by Bitcoin and Ethereum
  • UTXO integration
  • Easy smart contract deployment
  • NFT creation through the Qtum Web Wallet
  • Implementation of global nodes

While Qtum is applicable in most decentralized settings, the blockchain’s potential is more evident in the business sector. Qtum’s features are designed to handle large-scale transactions with a big wiggle room for technical adjustments.

How Does QTUM Work?

QTUM can be used for trading, network service payments, and staking. QTUM stakers will gain continuous rewards based on the quantity of tokens that they’ve staked. Additionally, the stakers will also gain voting privileges in the Qtum governance model.  

What Makes Qtum (QTUM) Unique?

Qtum (QTUM) is unique because it solves the common problems of developers and project builders: inefficiency, platform rigidity, and growing costs. These problems are also common among blockchains operating under the Proof-of-Work mechanism.

The most important functionality of Qtum is Account Abstraction Layer. This function utilizes the UTXO methodology implemented by Bitcoin. With the help of Account Abstraction Layer, users can build scalable applications that can run on EVM (Ethereum Virtual Machine) and other machines.

Another essential feature of Qtum is the Decentralized Governance Protocol. While most blockchains need a risky hard fork to implement changes, Qtum’s Decentralized Governance Protocol prevents such a step. This is possible by making Qtum’s smart contracts proactive enough to modify the network’s core parameters as needed. Everyone in the Qtum ecosystem is also involved in governance.

Who Are the Founders of Qtum (QTUM)?

The founders of Qtum (QTUM) are Patrick Dai, Neil Mahi, and Jordan Earls. These individuals have collective experience in interesting fields like blockchain development, product development, blockchain architecture, and cryptocurrency investments. Under the founders’ skills and experience, Qtum managed to secure the backing of famous investors like Roger Ver and Jeremy Gardner.

What Are the Use Cases of Qtum (QTUM)?

Qtum (QTUM) is an enterprise-ready blockchain network with important use cases. Understanding Qtum’s use cases will help you determine if the token is aligned with your trading preferences.

Here are the common use cases of Qtum:

  • Speculative trading
  • Long-term investment
  • Service payments
  • NFT creation
  • Multi-functional enterprise solutions
  • Data-oriented chains
  • DeFi systems
  • Interoperable chains with multiple smart contract layers
  • Marketplace creation

Who Builds on Qtum (QTUM)?

Qtum (QTUM) is meant for project builders and visionaries who are looking for a powerful and energy-efficient blockchain network. Regular users can also rely on Qtum for daily digital services, online transactions, and diverse trading options.

Official website: https://qtum.org/en

Essential Points of the Qtum (QTUM) Whitepaper

The Qtum Whitepaper discussed the technical structure of Qtum and its connection to the UTXO model. Plus, the paper covered essential topics like security, smart contracts, and other mechanisms.  

These are the strong points of the Qtum (QTUM) Whitepaper:

  • The rationale for QTUM
  • The benefits of UTXO implementation
  • EVM technical specifications
  • Account Abstraction Layer overview
  • Decentralized Governance Protocol
  • Qtum’s smart contract layer

The Best Cryptocurrency Wallet for QTUM

After knowing how to buy QTUM, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for QTUM?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of QTUM wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade QTUM right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors

Now that you already know how to buy QTUM, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor wins in terms of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for Qtum (QTUM)

Do you want to learn more about Qtum (QTUM) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!

Additionally, here are some important topics in our blog:

  • Trading speculation about Qtum (QTUM)
  • The current market prices of cryptos
  • Detailed price charts with comprehensive histories
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

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