In life, everyone chooses their battles, and in crypto, everyone picks their cryptocurrencies.
And today we will talk about yet another cryptocurrency known as QTUM which has consistently remain in top 50 currencies on CoinMarketCap.
For those of you who don’t know about QTUM, here is synopsis:
QTUM is a decentralized blockchain platformed developed and maintained by QTUM foundation.
QTUM’s blockchain is capable of executing smart contracts on different virtual machines and can host DApps on its proof of stake consensus blockchain.
QTUM brings best of both worlds as it is considered to be a hybrid of Ethereum and Bitcoin through which it aims to host smart contracts/DApps like Ethereum but without compromising the future scaling possibilities by retaining Bitcoin’s UTXO approach.
About price action, QTUM yielded almost 10x returns to its investors, but that was during the great bull run of late 2017 during which it reached its all-time high of $100.
As of now, the irrational exuberance is finished, and it is again trading below its fair value around $2.
That’s why today I want to talk about, how to buy QTUM and where to buy it?
So let’s get in:
How To Buy QTUM Cryptocurrency?
As I shared before that QTUM comfortably sits amongst top 50 cryptocurrencies on CoinMarketCap and that’s why it is quite popular.
Ridding the popularity, it isn’t difficult to get QTUM because many QTUM exchanges and services are dealing QTUM.
But before, I tell you about those services; I feel it is essential to know about all the avenues through which you can buy QTUM.
So here are some of the popular options:
- Buy QTUM with credit/debit card
- Buy QTUM with Bitcoin or Ethereum using Changelly
- Buy QTUM with bank deposits or wire transfer
- Buy QTUM peer-to-peer with Cash
- Buy QTUM from QTUM exchanges with other cryptocurrencies
Now that you are aware of all the popular ‘How to’ options for purchasing QTUM let us see where you can buy QTUM cryptocurrency through each of these options.
Where To Buy QTUM Cryptocurrency
Buy QTUM with credit/debit card
Purchasing cryptocurrencies through credit/debit cards is the easiest way to go about, but not all cryptocurrencies are available for credit/debit cards.
Anyways, the good news is QTUM crypto can be bought via a VISA/Mastercard credit/debit card through Coinmama service, and that’s why you need not worry about the type of fiat currency you hold.
- Coinmama: accepts payments via Visa and Mastercard.
American Express, Discover and PayPal are currently not accepted.
But before getting started on QTUM, you need to complete a KYC verification because you are transacting in fiat using the credit/debit cards.
Note: Coinmama doesn’t provide an in-house wallet for any cryptocurrency, so you need to go prepared by having a QTUM wallet in place.
Buy QTUM with Bitcoin or Ethereum using Changelly
Another easy to get hold of your QTUM coins is through Changelly.
Changelly is an instant cryptocurrency swapping service where you can exchange one currency for another.
In this case also if you have ETH or BTC or any other Changelly supported currency, then you can easily exchange it for QTUM cryptocurrency.
To do this, you will need to do this:
- First, get your QTUM address ready where you would like to receive your QTUM.
- Second, you should have some bitcoins/altcoins to exchange for QTUM.
Now, head on to Changelly and select one of their recommended ways to exchange BTC/ETH for QTUM and you should be good.
Note: Sometimes the exchange can take time, but you need not worry as your transaction history is always available for audit once you have registered on Changelly.
Buy QTUM with bank deposits or wire transfer
I know some people don’t have cryptocurrencies like BTC or ETH and want to buy QTUM directly in fiat currencies through their bank accounts.
Interestingly, this is possible for QTUM currency too where you can use QTUM exchanges that have fiat linked crypto accounts to deposit fiat currencies.
But before using these exchanges, you need to go through a thorough account and identity verification because here you have chosen to trade in fiat.
And once that verification is complete you can transfer fiat currencies like USD, EUR, GBP, etc.
to these QTUM exchanges to buy QTUM.
Here are those fiat linked crypto exchanges that allow you to buy QTUM for USD or EUR:
- Exmo: Supported trading pairs are, QTUM/USD
- Kraken: Supported trading pairs, QTUM/USD, QTUM/EUR
- Liquid: Supported trading pairs, QTUM/USD, QTUM/EUR
Buy QTUM from QTUM exchanges with other cryptocurrencies
If you already have cryptocurrencies like BTC, ETH, USDT, etc. and want to exchange it for QTUM cryptocurrency, then this option is for you !!
You can get hold of your QTUM coin through centralized crypto-to crypto exchanges where actual cryptocurrency trading happens.
Here you will also get access to advanced trading tools and charts if you want to analyze your strategies.
Directly head towards crypto-to-crypto QTUM exchanges and swap your cryptocurrencies for QTUM by picking the best offers from the order books.
Here are some of the established cryptocurrency exchanges that you can use for this:
- Binance: Supported pairs are QTUM/BTC
- Exmo: Supported pairs are QTUM/BTC
- Gate.io: Supported pairs are QTUM/BTC
- Huobi: Supported pairs are QTUM/BTC
- KuCoin: Supported pairs are QTUM/BTC
Buy QTUM peer-to-peer with Cash
There is enormous confusion amongst crypto community regarding peer to peer cash dealings for crypto.
Well, let me start by saying, such deals are legal and feasible, but the only problem is that you don’t have enough services like LocalBitcoins for each type of cryptocurrency.
On the other hand, you might find some platforms that will list cash dealings for some currencies, but then they lack escrow service like LocalBitcoins.
And without escrow, such cash to crypto or crypto to cash dealings become slightly risky because you need to trust the other party blindly.
But if you are getting a deal in your local crypto community where you can trust traders, then you may go ahead and deal in cash.
Note: There are no QTUM ATMs available as of now so you cannot exchange QTUM for cash through them yet.
Conclusion: So What’s The Best Way To Buy/Sell QTUM?
All of these options that we have listed here are best in their own ways, but it really depends on what you prefer personally.
Some people are OK, to buy cryptocurrencies for fiat and thus are OK with KYC checks, on the other hand, some people only like to deal in crypto-to-crypto.
That’s why we have listed quite a few options for each type of buyer and seller so that they can make an informed decision.
Lastly, we highly recommend you to use dedicated and self-hosted QTUM wallets to store your QTUM cryptocurrency because however good these service might be, but they are not a good solution to store your cryptocurrencies for longer durations.
So that’s all from us, and now you tell us: Which QTUM exchange you are going to use for buying your QTUM coins?
Which wallet do you plan to use to store your QTUM?
Tell us in the comments section below 🙂
Do share this article with your friends and family, if you find it informative !!
I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India.
Buying Crypto Currencies in India - BITCOIN ETHEREUM RIPPLE ADA! 2019
Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit.
You will find me reading about cryptonomics and eating if I am not doing anything else.