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Where and how to buy Qtum

Read our guide to the Qtum platform, the QTUM cryptocurrency and how you can trade it in the US.

Qtum (pronounced “Quantum”) is an open-source blockchain project designed to combine Ethereum’s smart contracts with bitcoin’s blockchain. Its aim is to allow for the development of faster and more secure smart contracts and decentralized applications on a business-friendly blockchain.

Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
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Quick guide: How to buy QTUM

  1. Create an account on the Coinmama website.
  2. Verify your identity with Coinmama.
  3. Enter your desired cryptocurrency.
  4. Select the currency you want to pay with.
  5. Enter the destination wallet address for the cryptocurrency you’re buying.
  6. Double check the details of your transaction.
  7. Make your payment. You should receive your cryptocurrency almost immediately.
Go to CoinMama's site

This is our quick guide to just one way to buy QTUM. Compare some other options in the table below.

Where to buy QTUM

You can buy QTUM on a wide variety of popular cryptocurrency exchanges, including the following:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Robinhood Cryptocurrency Exchange
Bank transfer, Cash, Debit card
USD

17
cryptocurrencies

Trade a handful of leading cryptocurrencies with this easy to use mobile app.
Crypto.com App (US)
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

76
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
KuCoin Cryptocurrency Exchange
Cryptocurrency, Interac e-Transfer, PayPal, Wire transfer, Credit or Debit Card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

211
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Debit card, SWIFT, SEPA
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
CoinSwitch Cryptocurrency Exchange
Credit card
USD, JPY, RUB, EUR

386
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
USD

49
cryptocurrencies

Get a US$15 bonus when you trade US$100 or more of any supported crypto. T&Cs apply.
Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Compare up to 4 providers

How to buy Qtum

Step-by-step process to buy QTUM.

Step 1. Register for an account with an exchange that allows you to buy QTUM

To get started, search for an exchange that lists QTUM in one or more currency pairings. You’ll then need to sign up for an account by entering your email address and creating a password.

  • Note: Many exchanges will require your full name, contact details and a valid form of photo ID before you can deposit funds and start trading. We also recommend enabling two-factor authentication on your account for an added layer of security.

Step 2. Deposit funds into your account

Whether you want to buy QTUM with cryptocurrency or USD is up to you, and different exchanges will allow you to do both. After signing up for an exchange, deposit funds to make your QTUM purchase.

Step 3. Buy QTUM

Now it’s time to click through to the markets section of your chosen exchange and search for your desired currency pairing, like BTC/QTUM. Look for links to buy and you should be given the option to either enter the amount of USD, BTC or ETH you want to spend or the number of QTUM you want to buy.

  • Note:Before confirming your purchase, make sure you review the full details of the transaction and are happy with the total cost.

How to sell QTUM

If you want to sell your QTUM holdings, you’ll need to complete a similar process to that outlined in step 3, but with the key difference that you’ll need to look for the sell link. It’s also important to remember that it often won’t be possible to directly exchange QTUM for the currency you want.

Which wallets can I use to hold QTUM?

Unless you’re preparing to place a trade, storing cryptocurrency in an account based on a cryptocurrency exchange is not recommended for security reasons. Instead, it’s generally much safer to store QTUM in a secure wallet.

There are several wallet options you can use to store QTUM, including the following:

  • Desktop wallets. The official Qtum Core wallet is available for download on Mac, Windows and Linux operating systems, while you can also access the Qtum Electrum wallet for Mac and Windows from the same link.
  • Mobile wallets. You can download the official Qtum Core app for Android and iOS devices or choose to use the Qbao or Bitpie apps.
  • Web wallet. The Qtum web wallet is available online.
  • Hardware wallet. If you prefer the security of offline storage in a hardware wallet, Qtum directs users to the Ledger Nano S.

How the Qtum platform works

Developed by the Singapore-based Qtum Foundation, Qtum is a hybrid blockchain application platform designed to bring together the best parts of the bitcoin and Ethereum projects and to facilitate interoperability between the two. Its core focus is on the business applications of smart contracts, with an aim to introduce a wide range of organizations to blockchain-based solutions that increase efficiency and reduce costs.

The Qtum platform is built on a bitcoin core fork, chosen for its simplicity and stability, and then an account abstraction layer that includes multiple virtual machines that contribute different functionalities. Headlining these is the Ethereum Virtual Machine, which gives Qtum the ability to create its own smart contracts.

The network is also built on bitcoin’s UTXO transaction model but uses proof-of-stake consensus that randomizes the creator of every new block on the chain. This is designed to create faster transactions and lower fees as well as to remove the need for mining.

Dapps built with Qtum are designed to be compatible with other major blockchain ecosystems and to support mobile and Internet of Things devices.

The Qtum Foundation also aims to build a range of other products and services designed to help link businesses with blockchain technology. These include smart contract templates for specific business use cases and tools to facilitate the fast creation of dapps.

QTUM is the native token of the Qtum network, and tokens are required to use Qtum apps and the Qtum blockchain. A token crowdsale took place in March 2017 and raised $15 million in five days, resulting in the distribution of 51 million QTUM.

To find out more about the Qtum platform, check out our guide on QTUM for beginners.

Key things to consider if you’re thinking about buying QTUM

All cryptocurrencies are complicated, volatile and highly speculative, and there are many different factors that can influence their value. Before purchasing or holding any crypto, it’s essential that you’re fully aware of all the risks involved.

If you’re thinking of buying QTUM, first make sure you consider the following:

  • Distribution. Approximately 51%, or 51 million QTUM, were distributed following the crowdsale, with the remaining tokens to be used as follows:
    • 20% to Qtum Foundation initiators, early backers and the development team
    • 20% for business development
    • 9% for academic research, education and market expansion
  • White paper. If you want a more detailed explanation of how the Qtum platform works, you can check out the white paper.
  • Real-world uses. The popularity and widespread use (or otherwise) of the Qtum platform will be crucial to determining the value of the QTUM cryptocurrency. There are potential real-world applications for Qtum across a variety of industries, including mobile telecommunications, counterfeit protection, finance, logistics and manufacturing; however, the level of adoption the platform will achieve remains to be seen.
  • Dapps. More than 20 dapps have already been launched on the Qtum network, including Energo, Qbao and BeeChat.
  • Commercial partnerships. Qtum recently secured a commercial partnership with Starbucks, the exact nature of which is currently unknown. It has also joined forces with China’s 360 Finance to create a blockchain technology laboratory and Baofeng Bokocloud to create a blockchain consensus network service.

Researching the above and other factors affecting QTUM’s value will help you make an informed decision about purchasing.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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