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How to buy Quickswap (QUICK)

Learn how to buy Quickswap (QUICK) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

Where to buy Quickswap

It looks like QUICK may not be available to purchase on an exchange in the US.

You can still purchase QUICK by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase QUICK using a decentralized exchange.
  1. Find QUICK on a decentralized exchange and make sure Quickswap can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for QUICK using an exchange like Gemini. You will need to purchase enough ETH to swap for QUICK as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for QUICK on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the QUICK tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

What to consider when buying Quickswap

Before purchasing any cryptocurrency, an accurate evaluation of both the token and the associated platform should be completed. With regards to QuickSwap, here are a few things worth considering.
  • Competition. QuickSwap DEX has entered relatively late into an already saturated decentralised exchange market. Ethereum’s DeFi ecosystem now hosts several competitive AMM-based exchanges – it’s the whole reason gas prices are so high in the first place. While the QuickSwap platform has an edge due to its low fees, it is still in direct competition with a number of more popular apps. The user interface of QuickSwap is a clone of UniSwap, the most popular DEX by market share.
  • Tokenomics. The token was launched in February 2021 and has a maximum supply of 1 million. As of July 2021, there are 160,000 tokens in circulation, representing 16% of the total supply. 90% of all tokens minted have been allocated as an incentive to provide liquidity.
  • Governance. QuickSwap aims to become entirely decentralised and governed solely by token holders. It is QuickSwap’s vision that the majority of tokens will be held by LP providers that are contributing to the protocol. However, this poses the issue of ‘whales’ accumulating high numbers of QUICK tokens and influencing proposal votes. Furthermore, as of July 2021, QuickSwap’s decentralised autonomous organisation (DAO) isn’t up and running, meaning governance is still controlled by the developers.

How to sell Quickswap

You can cash out your QUICK with the same exchange you bought it through:

  1. Sign in to the exchange you have QUICK on.
    If you store your Quickswap in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of QUICK you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Quickswap.

Disclaimer: Cryptocurrencies, including Quickswap, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of QUICK 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 Quickswap or any other cryptocurrency discussed.

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