In this article I will show you step by step on how to purchase QUTM. This is a multi-functional platform that utilizes the security of Bitcoin and the smart contract applications of Ethereum.
I will also explain how to choose a suitable exchange, create an account, and most importantly how to fund it so that you can buy Qtum in the safest method possible.
No matter if you are at the start of your crypto venture or are seasoned, you will have all resources necessary to embark on your Crypto Qtum investment journey. So let’s look at how one can get started with Qtum.
What Is Qtum (QTUM)?
The Qtum Chain is an open-source blockchain that is the outcome of Qtum’s efforts in its advancement. Its base is anchored on the Ethereum Virtual Machine, and it also uses a proof of stake evidence as a means of reaching consensus.
The main principles of the platform are community, permissionless, trustless, and decentralization.
How To Buy Qtum
Create an Account
Register yourself with the chosen exchange and provide necessary details such as an email address and suitable creation of passwords.
Verify Your Identity
Provide necessary Identity proof such as a government issued ID along with capturing a selfie to complete identification process.
Deposit Funds
Utilize a more preferable method of payments like a bank transfer, Credit / Debit card or cryptocurrency like Bitcoin or Ethereum to add funds in your Exchange account.
Navigate to Qtum Trading Pair
From the available options in the exchange platform find and click on the QTUM trading pair for example QTUM/USDT.
Place a Buy Order
Select a preferable option from the available options if market orders which buy at the price of market or limit orders at previously set price to buy specified quantity of QTUM.
Secure Your QTUM
It is recommended to transfer your QTUM to a secure wallet after completing the required transactions, among a range of options available such as hardware wallets Ledger, Trezor or Trust Wallet, Exodus1 among other software wallets.
Track Your Investment
Stay alert regarding the ongoing trends and news regarding the market and your Investments in QTUM to have more insight and able to make accurate decisions.
How To Store Qtum (QTUM)
How best to keep Qtum (QTUM) largely depends on one’s requirements and preferences. You will have to analyze the advantages and disadvantages of each method to establish which is best suitable for storing Qtum (QTUM).
Keep Qtum In Your KuCoin Account
When you keep your crypto in your KuCoin account you can quickly begin trading products like spot and futures trading, staking, lending and so on.
KuCoin acts as a custodian of your crypto assets so that you do have to worry about safeguarding your private keys yourself.
But remember that it is imperative to establish a robust password and enhance security settings to inhibit unauthorized individual from your funds.
Avez Voire Vos Qtum; Gardez Vos Qtum Dans Vos Portefeuille
Un dicton crypto dit ‘not your keys, not your coins’. These are good if security is your main issue as you can take your Qtum (QTUM) into a non custodial wallet.
Non-custodial and self-custodial wallets grant you complete and lasting control over your assets. With a self-custodial wallet for example, any self-contained hardware wallet, Web3 and even paper notes can be used.
But it can be less fun when it comes to OTA trading transitions or when you intend to use your Qtum (QTUM) assets. Always remember that the only peer to peer telecommunications services are unlimited there, therefore make sure the strongholds that you are going to use them are unyielding because otherwise when they are forgotten it will mean having your Qtum (QTUM) gone forever.
Where To Buy Qtum?
Binance: The most important worldwide exchange and interface where multiple pairs for QTUM can easily be found.
CoinEx: It is known to have the lowest of fees and from a cryptocurrencies perspective they have a broad selection.
MEXC Global: They are supporting QTUM alongside providing decent liquidity and other trades.
Coinbase: This is a well-known exchange offering support to QTUM and an intuitive interface.
Kraken: Has a range of trading pairs of QTUM with a good amount of security available.
Huobi Global: It is another prominent exchange which has large variety of QTUM trading pairs available.
Conclusion
When done correctly, buying Qtum is a very straightforward task and smart strategy. By selecting an appropriate trading platform, creating an account and funding it with fiat or cryptocurrency, it is simple for one to acquire Qtum.
Always make sure to transfer your Qtum into a wallet that you own in order to secure your investment. By following this guide, you’ve been given the ability to buy and use Qtum for any purpose, whether it’s investing or exploring its extensive blockchain capabilities.
