QtumHow & Where to Buy Qtum A Step-by-Step Guide to Buying QTUM
- Sign up at Binance.US, the #1 rated QTUM exchange.
- Fund your account with cash or crypto.
- Buy
QTUM
- STEP 1Find the Best QTUM Exchange
Ease of useEasyTime to 1st Buy24 hrs24h Volume$27,986,487Coins66Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states, including New York & Texas.
Ease of useVery EasyTime to 1st Buy24h Volume$189,010,906Coins91A decade of security, honesty, and transparency has given San Francisco’s Kraken an impressive reputation and helped it become the fourth-largest cryptocurrency exchange in the business. The brokerage service offered by Kraken has more coins to buy and sell directly with cash than most of their competitors. In addition, debit and credit card purchases are permitted with comparably low fees. Well-suited for beginners and those who want to buy and hold coins long-term.
Ease of useAverageTime to 1st Buy2 hrs24h Volume$1,042,022,137Coins298China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.
Go to Binance.US and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.
This is completely normal and all exchanges we list on this page have security in place to protect your personal info.
- STEP 2Fund Your Account
It is now time to add funds to your newly created exchange account. This will allow you to purchase Qtum
QTUM quickly.Upon signing up at the exchange, you should be shown easy to follow instructions to buy QTUM with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for QTUM.
Frequently Asked Questions About Buying & Selling Qtum (QTUM)
How do I Buy QTUM with Crypto?
If you want to buy QTUM with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.
You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.
You will then copy that address and paste it into the wallet holding your cryptocurrency and send.
Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.
How do I sell Qtum (QTUM)?
To sell QTUM, simply reverse the buying process described above. You will likely need to trade your QTUM into a USD coin like 
USDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.
What is Qtum?
Qtum (QTUM) is a fully decentralized, peer to peer, microtransaction-friendly cryptocurrency which combines the stability and blockchain technology of bitcoin with the modern features of Ethereum, including the EVM (Ethereum Virtual Machine) and Smart Contracts. It utilizes a Proof of Stake (PoS) blockchain security algorithm and an “Account Abstraction Layer” that allows for multiple instances of an EVM to run simultaneously.
History of Qtum
Qtum was developed by a Singapore based company called Quantum Technology in 2013 and it has received $1 million investment from some big angel investors like Fenbushi partner Bo Shen, BitFund founder Xiaolai Li, Ethereum co-founder Anthony Di Iorio, and more.
The announcement for Qtum took place in late 2016, with the goal of expanding upon Ethereum’s implementation of smart contracts and dApps to make it a business-friendly public blockchain. The Qtum Foundation, which oversees development of the platform, has emphasized users being able to execute smart contracts and run DApps simply and securely, “in environments that were previously out of reach for Ethereum.”
The Qtum Foundation has future plans to implement Oracle and Datafeed functionality, allowing developers to create Smart Contracts on its platform that are built around trusted sources of information.
How Qtum Works
Qtum makes use of the Unspent Transaction Output (UTXO) model from bitcoin and the Ethereum Virtual Machine (EVM) technology from Ethereum to enable businesses and individuals from around the world to create smart contracts easily. Qtum offers a “smart layer” on its platform which enables Ethereum Virtual Machines to interpret the UTXO blockchain data from Bitcoin.
The system uses Proof of Stake (PoS) algorithm to validate transactions. The ‘miners’ will receive the incentive when network consensus is reached and is termed as IPOS (Incentivized Proof of Stake). A smart contract between two entities in the network, two banks for example, can be terminated only by the two parties involved.
Why Qtum?
Qtum follows the footsteps of Ethereum by offering a hybrid blockchain technology. It offers several advantages over bitcoin and Ethereum by combining them in a single platform. Some of these include:
- Decentralized Apps: Qtum allows developers to build decentralized apps (dapps) on top of their network. This will allow greater flexibility, wider usage and futuristic applications on the network.
- Robust Hybrid Model: Qtum utilizes the transaction protocols of both bitcoin and Ethereum which means developers can build or port their applications, based on either protocol, easily to Qtum.
- Stability of Bitcoin: As far as cryptocurrencies go, bitcoin is the most stable, widely accepted and biggest (in the sense of market capitalization). Because Qtum utilizes the transaction model of Bitcoin, the currency is expected to be stable relative to other coins as well.
- Versatility of Ethereum: Using Smart Contracts and EVM technologies from Ethereum, Qtum offers a futuristic and smart solution where entities can self-govern and transact smartly among themselves.