How to Buy Qtum (QTUM)

That’s because the Qtum blockchain (pronounced “quantum”) offers a platform for building new kinds of decentralized applications (dapps) and smart contracts, one it claims combines aspects of how Bitcoin and Ethereum operate for a best-of-both-worlds alternative.

To date, the project has already integrated its live software into platforms offered by Google Cloud and Amazon Web Services in a bid to attract users, and its progress can be tracked in quarterly updates on how businesses are using such services.

Not sure yet why you’d want to buy QTUM? Feel free to read our ‘What is Qtum?’ guide, which offers a more extensive breakdown of its technology and vision. 

The Qtum token, QTUM, plays a key role in maintaining and operating the Qtum network.

Similar to bitcoin, QTUM is a scarce asset, as the number of QTUM released in each block is cut in half roughly every four years to keep the total supply finite. 

By owning and staking QTUM, you gain the ability to validate transactions, and in turn, receive new QTUM issued by the protocol. Staking QTUM also provides voting rights, meaning users can use their holdings to vote on proposed software changes.
 

There are a number of ways to buy QTUM. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your QTUM, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.

Follow the steps below to start buying QTUM on Kraken: 

1. Sign up for a Kraken account.
   First, enter a valid email address, create a new username and set a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can buy QTUM with cryptocurrencies like ETC and DASH. In order to use cash (i.e. USD or CHF), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.

3. Deposit cash.
   You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase QTUM!
   Once your account is funded with cash, you’re ready to purchase QTUM. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize spot trading on margin*, features that help make the Kraken experience beloved by millions of global traders.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

Once you buy QTUM, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to store your QTUM in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

There are many types of QTUM wallets. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 
 

Ready to take the next step toward buying QTUM? Click the button below to buy QTUM on Kraken today!