How to Buy Qtum (QTUM)
Looking to invest in crypto assets that could power business blockchain applications? If so, you may want to consider 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.
Ready to dive in?
If you just want to start buying QTUM right away, click the button below to begin.
Why buy QTUM?
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.
You may want to consider buying QTUM if you want to:
- Develop an application or blockchain powered by cryptocurrency
- Execute smart contracts on the Qtum blockchain
- Gain exposure to crypto assets that could power business applications
- Participate in the Qtum governance process
- Stake QTUM to begin earning more cryptocurrency.
Where can I buy QTUM?
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.
How much QTUM can I buy?
Looking to buy QTUM on a budget? Don’t worry, Kraken offers a minimum order size of 2.5 QTUM to help you gain exposure to a variety of assets.
Of course, you can also execute larger QTUM buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 9,000 QTUM or more on Kraken
How to buy QTUM on Kraken
Follow the steps below to start buying QTUM on Kraken:
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.
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 fiat currency (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.
Deposit fiat currency.
You can fund your account in a number of ways. How you do so will depend upon your location and preferences.
Once your account is funded with fiat, 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.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying QTUM, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your QTUM
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.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold QTUM in their accounts, we highly encourage you to separate your QTUM holdings into multiple wallets.
Of note, Kraken does not support QTUM staking at this time. If you wish to stake QTUM, you will need to do so in a QTUM wallet you control.
Start buying QTUM
Ready to take the next step toward buying QTUM? Click the button below to buy QTUM on Kraken today!