Last update: Jun 6, 2022

How to Buy BENQI (QI)

So you’re looking for a guide on how to buy BENQI. Depending on where you’re located, you’ll have different trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy BENQI – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have BENQI of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto exchanges.

4. Buy BENQI

Now that you have what you need to buy BENQI, head over to the market or buy section of the cryptocurrency trading platform and buy some QI.

If the crypto exchange doesn’t have any BENQI on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has BENQI first), and trade your Ethereum for BENQI.

Where to Buy BENQI (QI)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell BENQI

1. Sign into the cryptocurrency exchange where you bought BENQI.
2. Move your BENQI to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell BENQI.

 

How to Buy BENQI (QI) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy BENQI in Australia, the process remains the same:

1. Find a cryptocurrency trading platform below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy BENQI if it’s available. If the exchange doesn’t have BENQI. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BENQI), and trade your ETH for BENQI.

Or, if you’d like to know more about which exchanges we like, check our list of the best platforms to buy cryptocurrency in Australia.

How to Buy BENQI (QI) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy BENQI in Canada, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy BENQI if it’s available. If the exchange doesn’t have BENQI. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BENQI), and trade your ETH for BENQI.

Or, if you’d like to know more about which exchanges we like, check our comparison of the best cryptocurrency trading platforms in Canada.

How to Buy BENQI (QI) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy BENQI in the UK, the process remains the same:

1. Find a crypto trading platform below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy BENQI if it’s available. If the exchange doesn’t have BENQI. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BENQI), and trade your ETH for BENQI.

Or, if you’d like to know more about the exchanges we like, check our comparison of the top crypto exchanges in the UK.

Considering buying BENQI? QI Rundown

BENQI, a decentralized, non-custodial liquidity marketplace, is also a liquid staking protocols built on the fast Avalanche smart contracts network. Users can borrow, lend, or earn interest with their digital assets through the lending protocol. The Liquid Staking protocol offers capital efficiency and allows users to unlock their AVAX "staked" to be used on Decentralized Financial protocols

Avalanche was chosen by the founding team due to its decentralized network's high scalability and low fees. It also has compatibility with popular plugin wallets.

BENQI was established in 2021 with $6,000,000 in funding. Ascensive Assets and Dragonfly Capital are among its strategic investors. Arrington XRP Capital is Spartan Group, TRGC.

BENQI (QI), claims to be the first DeFi Lending Project on the Avalanche platform. It allows DeFi users with congested or centralized networks to place their assets on BENQI without any hurdles or network fees. BENQI users can access decentralized financial services seamlessly and affordably with Avalanche and have greater control over their strategies.

Developers have the option of using BENQI to develop financial products that use the protocol and governance tokens.

BENQI also seeks to reduce the overloading of Ethereum networks by offering a cheaper and more efficient alternative. BENQI members have the ability to borrow liquidity from the liquidity market or withdraw liquidity from it. They also have the ability to see the interest rates.

Related:

• How to Buy Bella Protocol (BEL)
• How to Buy Beta Finance (BETA)