Last update: Jun 6, 2022

How to Buy Qtum (QTUM)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Qtum. Depending on where you live, you’ll have various crypto exchanges to choose from.

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

Let’s get started!

Qtum

How to Buy Qtum – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform 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 Qtum 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 exchanges.

4. Buy Qtum

Now that you have what you need to buy Qtum, head over to the market or buy section of the crypto trading platform and buy some QTUM.

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

Where to Buy Qtum (QTUM)

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

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
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 Qtum

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

 

Crypto trading

How to Buy Qtum (QTUM) 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 Qtum in Australia, the process remains the same:

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

You can also check out our comparison of the best places to buy bitcoin in Australia If you’re interested in learning more about which ones we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Qtum (QTUM) 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 Qtum 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 Qtum if it’s available. If the exchange doesn’t have Qtum. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Qtum), and trade your ETH for Qtum.

Also, take a look at our analysis of the cryptocurrency brokers in Canada if you’re looking to learn more about which ones we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Qtum (QTUM) 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 Qtum 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 Qtum if it’s available. If the exchange doesn’t have Qtum. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Qtum), and trade your ETH for Qtum.

Also, check out our comparison of the crypto exchanges in the UK If you’re curious to know more about the exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Qtum? QTUM Rundown

Qtum, pronounced "quantum", is an proof of-stake smart contract platform open-source blockchain platform. It also serves as a value transfer protocol. It is designed to combine the strengths of Bitcoin and Ethereum in one chain. Qtum uses Bitcoin's UTXO transaction system, but has the additional functionality of smart contract execution and DA Apps. The platform recently added support for DeFi apps. There are currently more than 20 tokens on the Qtum Blockchain as of March 2021.

In March 2016, the project was announced. It held an ICO in March 2017 which brought in $15 million USD. September 13, 2017, saw the release of Qtum's main chain. The Qtum main chain was launched on Sept. 13, 2017.

Qtum, a general purpose cryptocurrency, aims to solve four problems its founders identified in ETH and BTC blockchain platforms. These are interoperability and governance, rigidity, costliness and costliness for proof-of-work mechanisms, and the difficulty of connecting smart contract with real-life applications. Two technologies are unique to the Qtum blockchain that address this problem: Account Abstraction Layer, (AAL), and Decentralized Governance Protocol.

The Account Abstraction Layer combines the UTXO account layer (Unspent Transaction Output), inherited from Bitcoin, with the smart contract layer, inspired in Ethereum. It allows users to create and host applications on virtual machines such as the Ethereum Virtual Machine, x86 virtual machine, and the Ethereum Virtual Machine (EVM). It supports the i686 instruction set, as well as several programming languages such C, C++ and Python. This makes it easy to adapt existing apps and compile them for Qtum. It allows turing-complete smart contract integration.

Smart contracts can change the core parameters of a network like block size or gas fees, without having to hard fork it. This could save you a lot of time as the network evolves. The entire ecosystem, including miners, developers, and QTUM holders, participate in the governance of the blockchain through voting. The blockchain can also realize self-management and upgrades, as well as iteration.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.