A Comprehensive Guide on How to Buy QTUM

Qtum, a hybrid blockchain combining Bitcoin’s security with Ethereum’s smart contract functionality, has gained significant traction since its launch. Its unique approach and growing adoption make it an attractive choice for investors. We’ll guide you through simple, fast, and secure ways to buy and store Qtum (QTUM). To keep things concise, we believe that Coinbase is the best platform to buy Qtum. Why Coinbase?

The following table explains why Coinbase is the best choice for buying QTUM.

Qtum is a unique hybrid blockchain that combines Bitcoin’s security with Ethereum’s smart contract functionality. Since its launch, it has gained popularity among investors due to its scalability and efficiency. If you’re looking for simple, fast, and secure ways to buy and store Qtum (QTUM), Coinbase is one of the best platforms to do so. Why choose Coinbase?

Coinbase is a globally regulated crypto exchange and custodian, holding licenses across multiple jurisdictions. This ensures that Coinbase adheres to strict security standards and is monitored by financial regulators. Even BlackRock, the world’s largest asset manager, relies on Coinbase for custody services, which speaks to the platform’s high level of trust and security.

Although you have the flexibility to store Qtum in an external wallet, Coinbase provides a highly secure environment for storing your assets. Unlike some exchanges that impose withdrawal delays, Coinbase allows instant access to your funds, ensuring seamless transactions.

Another advantage of Coinbase is its cost-effectiveness. Coinbase’s trading fees are competitive, starting at 0.15%, which is significantly lower than industry standards. To put this into perspective, other platforms may charge as much as 1.5% per transaction.

Coinbase prioritizes user security with advanced measures like two-factor authentication (2FA), adding an extra layer of protection to your account. Additionally, their customer support team is responsive, typically resolving inquiries within 24 hours.

The platform is designed for ease of use, with an intuitive interface suitable for both beginners and experienced traders. With dedicated apps for Android and iOS, you can manage your Qtum portfolio and execute trades conveniently from anywhere.

How to Buy Qtum (QTUM) on Coinbase

Coinbase is one of the most user-friendly exchanges for buying Qtum. Follow this step-by-step guide to purchase QTUM securely and quickly.

Step 1: Sign Up for Coinbase

Before purchasing Qtum, create an account on Coinbase. Visit Coinbase.com and click “Get Started.” Enter your name, email, and a secure password, then click “Create Account.”

Step 2: Verify Your Identity

To comply with regulations, Coinbase requires identity verification. Upload a government-issued ID and provide personal details like your address and date of birth. The verification process usually takes only a few minutes.

Step 3: Add a Payment Method

To purchase Qtum, you need to link a payment method. Coinbase supports multiple options, including:

• Bank Account: Best for lower fees and higher transaction limits.
• Credit or Debit Card: Allows instant purchases, but fees may be higher.
• PayPal: Available for deposits and withdrawals in select regions.

Step 4: Buy Qtum (QTUM)

Now that your account is set up and your payment method is linked, follow these steps to buy Qtum:

1. Go to the “Buy/Sell” section on your Coinbase dashboard.
2. Select Qtum (QTUM) from the list of available cryptocurrencies.
3. Enter the amount you want to buy in your local currency (e.g., USD, EUR) or QTUM.
4. Choose your preferred payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to confirm.

Step 5: Store Your Qtum Securely

Once you purchase Qtum, it will be stored in your Coinbase wallet. For enhanced security, consider transferring it to a personal wallet, such as a Ledger or Trezor hardware wallet.

Why Buy Qtum on Coinbase?

• User-Friendly Interface: Coinbase is designed for ease of use, making it perfect for both beginners and advanced traders.
• Top-Level Security: With features like two-factor authentication (2FA) and insured funds, Coinbase ensures a secure trading environment.
• Flexible Payment Methods: Supports multiple payment options, including bank transfers, credit cards, and PayPal.

Binance is one of the largest and most trusted cryptocurrency exchanges worldwide, known for its security, wide range of assets, and user-friendly interface. While it was previously not possible to purchase Qtum (QTUM) directly with fiat currency, Binance now allows users to buy QTUM easily using a credit card or trade it with other cryptocurrencies. In this guide, we’ll walk you through both methods!

Step 1: Register on Binance

Creating an account on Binance is straightforward. While identity verification is not mandatory, completing it will increase your daily withdrawal limit to 100 BTC. Without verification, the daily limit is 2 BTC, and you can still access all trading features.

Step 2: Buy Qtum (QTUM) with a Credit Card

To purchase Qtum using a credit card on Binance, follow these steps:

1. Go to the Credit Card Purchase Section: Click on “Buy Crypto” in the top menu and select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Qtum (QTUM) as your cryptocurrency and select your payment currency (USD, EUR, etc.).
   
3. Enter Your Personal Details: Fill in your name, billing address, and contact information.
4. Verify Your Email and Phone Number: Binance will send a code to verify your email and phone.
5. Proceed to Payment: Click “Next” to enter your credit card details.
6. Upload Your ID: Complete the verification process by uploading an image of your government-issued ID.

Important Notes Before and After Your Purchase

• Price Fluctuation: The Qtum amount displayed is based on the current market price and may change slightly before finalizing the transaction.
• Transaction Fees: Binance partners with Simplex, which charges a fee of 3.5% per transaction or $10, whichever is higher.
• Purchase Limits: The daily purchase limit is $20,000 per user, with a monthly cap of $50,000. The minimum purchase amount is $50.
• Track Your Payment: After purchasing, you can monitor your transaction status through Binance’s deposit history section.

Step 3: How to Trade Qtum on Binance

If you already hold other cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance wallet and exchange them for Qtum. Follow these steps to trade Ethereum (ETH) for Qtum (QTUM):

1. Deposit Ethereum (ETH): If you own Ethereum (ETH) in an external wallet or another exchange, send it to your Binance Ethereum wallet address.
2. Access the Deposit Section: Log in to Binance, navigate to “Funds,” and click on “Deposit.”
3. Find Your Ethereum Wallet Address: Use the search bar to locate “ETH,” then select Ethereum. Your unique deposit address will be displayed, which you can use to transfer ETH to Binance.
4. Trade Ethereum for Qtum: Once your ETH has arrived in your Binance account, go to the “Markets” tab, search for “ETH/QTUM,” and place a buy order.

Additional Trading Tips

• Leverage Trading: Binance offers margin trading with leverage for advanced traders. However, leverage trading carries high risks, so it’s crucial to understand it before using this feature.
• Security Features: Binance provides advanced security options, including two-factor authentication (2FA) and an insurance fund to protect users from unexpected losses.

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. Kraken is a highly secure and regulated cryptocurrency exchange, trusted by institutional and retail investors worldwide. With strict adherence to financial regulations and advanced security measures, Kraken ensures the safety of your Qtum (QTUM) assets. The exchange is known for its transparency and reliability, making it a preferred choice for trading cryptocurrencies.

Kraken allows users to store their Qtum securely within its platform or transfer it to external wallets. Unlike some exchanges that impose withdrawal delays, Kraken processes withdrawals swiftly, ensuring that you have quick access to your funds.

When it comes to trading fees, Kraken is cost-effective. The platform follows a tiered fee structure, with maker fees as low as 0.16% and taker fees at 0.26%, which are significantly lower than many competitors.

Security is a top priority at Kraken. The platform employs two-factor authentication (2FA) and cutting-edge encryption technology to protect users’ accounts. Additionally, Kraken provides a responsive customer support team that is available to assist with any issues.

Designed for both beginners and experienced traders, Kraken features an intuitive interface and mobile apps for Android and iOS, allowing you to trade Qtum conveniently from anywhere.

How to Buy Qtum (QTUM) on Kraken

Kraken is one of the most secure and efficient platforms to buy Qtum. Follow this step-by-step guide to purchase QTUM easily and safely.

Step 1: Sign Up for Kraken

To begin purchasing Qtum, create an account on Kraken. Visit Kraken.com and click “Create Account.” Enter your name, email, and set a strong password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires identity verification in compliance with financial regulations. You’ll need to upload a government-issued ID and provide personal details such as your address and date of birth. The verification process is quick and enhances your account security.

Step 3: Add a Payment Method

To buy Qtum, you need to link a payment method. Kraken offers multiple payment options, including:

• Bank Account: Ideal for lower fees and higher transaction limits.
• Credit or Debit Card: Enables quick purchases, although fees may be slightly higher than bank transfers.
• Wire Transfers: Suitable for larger transactions, available in select countries.

Step 4: Buy Qtum

After linking your payment method, follow these steps to buy Qtum on Kraken:

• Go to the “Buy Crypto” section on your Kraken dashboard.
• Select Qtum (QTUM) from the list of available cryptocurrencies.
• Enter the amount you want to purchase, either in your local currency (USD, EUR) or in QTUM.
• Choose your preferred payment method (e.g., bank account, debit card).
• Review the transaction details, including fees, and click “Buy Now” to finalize the purchase.

Step 5: Store Your Qtum Securely

Once you have purchased Qtum, it will be stored in your Kraken wallet. However, for enhanced security, it is recommended to transfer your QTUM to a personal wallet, such as a hardware wallet like Ledger or Trezor.

Benefits of Buying Qtum on Kraken:

• User-Friendly Interface: Kraken offers an intuitive trading platform that caters to both beginners and advanced traders.
• High Security: With two-factor authentication (2FA) and encrypted transactions, Kraken ensures maximum protection for your funds.
• Competitive Fees: Kraken’s tiered fee structure makes it an affordable option for both small and large transactions.
• Flexible Payment Options: Kraken supports multiple payment methods, including bank transfers, credit cards, and wire transfers, allowing for easy fund deposits.

About Kriptomat

Kriptomat is a modern and user-friendly cryptocurrency exchange, ideal for beginners who want to buy and trade Qtum (QTUM) effortlessly. Unlike established brokers such as eToro, Kriptomat is a relatively new exchange, but it has quickly gained a strong reputation for trustworthiness. On Kriptomat, you can buy over 30 cryptocurrencies, including Qtum, directly with Euro (EUR), USD, and other fiat currencies, and send them to an external wallet if needed.

However, it’s important to note that Kriptomat currently operates exclusively in Europe. Investors from regions such as the United States are not allowed to use the platform due to regulatory restrictions.

Kriptomat’s focus is on simplicity and ease of use, making it our top recommendation for beginners. In terms of legitimacy, Kriptomat holds two licenses from the Estonian government, further strengthening its credibility as a regulated exchange.

One of Kriptomat’s biggest advantages is its transparent fee structure. Unlike some exchanges that impose hidden costs or price premiums, Kriptomat offers purchases at the spot price of Qtum and only charges a small transaction fee. All fees are clearly displayed during the buying process.

Set Up a Qtum Account on Kriptomat

Since Kriptomat follows strict European Union regulations, a complete identity verification is required. To start buying Qtum, you must first create an account.

Visit the official website kriptomat.io and click the orange “Register” button. A pop-up window will appear, prompting you to enter your first and last name, email address, and password.

After completing this step, Kriptomat will send you a confirmation email. Click the link in the email to verify your account. Once verified, you can log in with your credentials, but the registration process is not yet complete.

Before you can buy Qtum and access all platform features, you must verify your phone number. Kriptomat will send a verification code via SMS, which you need to enter on the website. However, you still need to verify your identity due to strict EU regulations.

To complete identity verification, you must provide your residential address and upload a scanned copy or photo of your passport or government-issued ID. Kriptomat simplifies this process by allowing you to continue on your smartphone. You will receive an SMS with a link to upload your ID directly from your mobile device.

Additionally, Kriptomat requires a selfie for verification. You can grant camera access on your smartphone to take a live selfie for identity confirmation.

If you plan to buy cryptocurrencies via SEPA bank transfer, you must also add a bank account to your Kriptomat profile. Once linked, you can deposit funds via SEPA and use the balance to purchase Qtum or other cryptocurrencies. If you use Neteller, Skrill, or a credit card, adding a bank account is not necessary.

Buy Qtum on Kriptomat

Buying Qtum on Kriptomat is quick and straightforward. Follow these steps:

1. Navigate to the “Buy/Sell” tab.
2. Select the “Buy” tab.
3. Choose Qtum (QTUM) from the available cryptocurrencies.

Choose Your Payment Method

Kriptomat supports four different payment methods for buying Qtum:

• SEPA Bank Transfer: Requires adding a bank account but offers lower fees.
• Credit or Debit Card: Instant purchases, but higher fees may apply.
• Neteller: Secure and fast transactions.
• Skrill: Another convenient payment method.

Complete Your Purchase

Enter the amount of Qtum (QTUM) you want to buy and review the transaction fees before proceeding. Click “Buy Qtum,” then confirm the transaction.

Once your purchase is completed, Kriptomat will redirect you to the “My Wallet” section. Your newly acquired Qtum should appear in your account within seconds.

For a visual guide, refer to the following video tutorial:

Benefits of Buying Qtum on Kriptomat

• Beginner-Friendly Interface: Kriptomat is designed with ease of use in mind, making it perfect for new investors.
• Licensed and Regulated: The exchange is fully licensed by the Estonian government, ensuring compliance with EU financial regulations.
• Transparent Pricing: Kriptomat does not charge hidden fees, and all costs are displayed upfront.
• Secure Transactions: Your funds and personal data are protected by advanced security measures, including two-factor authentication (2FA).

Anycoin is a well-known cryptocurrency exchange that provides a simple and secure way to buy and sell Qtum (QTUM) and other digital assets. Whether you’re a beginner or an experienced trader, Anycoin offers an intuitive interface and a variety of features to make crypto trading seamless and secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin offers a clean and intuitive platform, making it easy for beginners to start trading and for experienced traders to access advanced features.
2. Wide Selection of Cryptocurrencies: Anycoin supports multiple cryptocurrencies, including Qtum (QTUM), Bitcoin (BTC), Ethereum (ETH), and more, allowing you to diversify your portfolio effortlessly.
3. High Security Standards: Security is a top priority on Anycoin, with features such as two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions.
4. Low Fees: Anycoin provides competitive transaction fees, making it an affordable option for crypto traders.
5. Multiple Payment Methods: Users can purchase Qtum using bank transfers, credit cards, and PayPal, depending on their location.
6. Fast Transactions: Anycoin processes transactions quickly, allowing users to access their crypto assets without delays.
7. Wallet Support: Anycoin provides an integrated wallet for storing Qtum and other cryptocurrencies. However, for enhanced security, using a personal hardware wallet is recommended.
8. Dedicated Customer Support: The platform offers responsive customer service to assist with any questions or issues.
9. Mobile Apps: Anycoin is available on Android and iOS devices, enabling users to manage their portfolio and execute trades on the go.

How to Buy Qtum (QTUM) on Anycoin:

1. Create an Account: Visit the Anycoin website and click on “Sign Up.” Enter your name, email address, and create a secure password. A verification email will be sent to confirm your account.
2. Verify Your Identity: Anycoin requires users to complete identity verification in compliance with regulations. This includes submitting a government-issued ID and personal information.
3. Link a Payment Method: To buy Qtum, connect a payment method. Anycoin supports bank transfers, credit cards, and PayPal.
4. Make Your Purchase: After verification and linking a payment method, go to the “Buy” section, select Qtum (QTUM), and enter the amount you wish to purchase. Review the details, confirm transaction fees, and complete your purchase.
5. Store Your Qtum Securely: Once purchased, your Qtum will be stored in your Anycoin wallet. For added security, transferring your crypto to a private hardware wallet is recommended.

Benefits of Using Anycoin:

• Beginner-Friendly Interface: The platform is easy to use, making it accessible to both new and experienced traders.
• High Security: Anycoin employs top-tier security measures, including two-factor authentication and encrypted transactions.
• Multiple Cryptocurrencies: Users can easily purchase Qtum and other digital assets.
• Low Fees: Anycoin offers competitive transaction fees, making it cost-effective for traders.
• Fast Processing: Transactions are processed quickly, allowing for instant access to purchased assets.

Bybit is a well-established cryptocurrency exchange that specializes in trading digital assets such as Qtum (QTUM), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is especially popular among experienced traders who engage in leverage trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit provides a range of professional trading tools, including spot trading, margin trading, and derivatives trading (futures contracts). The platform also offers advanced charting features and technical analysis tools to help traders make informed decisions.
2. High Liquidity: Bybit is known for its deep liquidity, which ensures smooth execution of large trades with minimal slippage. This feature makes it ideal for both short-term and long-term traders.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading options. Traders can use leverage to amplify their positions and increase potential profits. However, leverage trading involves higher risks, so it should be used carefully.
4. User-Friendly Interface: Despite its advanced trading features, Bybit maintains an intuitive and easy-to-use interface, making it accessible for both beginners and seasoned traders.
5. Security Features: Bybit prioritizes security with measures such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover losses in extreme market conditions.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, enabling users to trade and monitor their crypto assets anytime, anywhere.
7. Fast Transactions: Bybit is known for its fast order execution speeds, which is essential in volatile markets where timing is crucial.
8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to the platform, making it an excellent way to generate passive income.
9. 24/7 Customer Support: Bybit provides round-the-clock customer support through live chat, email, and other channels to assist users with any issues.

How to Buy Qtum (QTUM) on Bybit:

1. Create an Account: Visit the Bybit website and click “Sign Up.” Enter your email address and create a strong password. A verification email will be sent to activate your account.
2. Verify Your Identity: Bybit may require users to complete a Know Your Customer (KYC) verification process, which involves submitting a government-issued ID and personal details.
3. Deposit Funds: To buy Qtum, you must fund your Bybit account. The platform supports deposits in various cryptocurrencies, including Bitcoin, Ethereum, and USDT (Tether). You can deposit these assets directly into your Bybit wallet.
4. Buy Qtum: Follow these steps to purchase Qtum on Bybit:
   • Go to the “Spot” trading section on the platform.
   • Select Qtum (QTUM) as the cryptocurrency you wish to purchase.
   • Choose your trading pair (e.g., QTUM/USDT).
   • Enter the amount you want to buy and review the transaction details.
   • Confirm the purchase to complete the transaction.
5. Store Your Qtum Securely: After purchasing Qtum, it will be stored in your Bybit wallet. However, for additional security, it’s recommended to transfer your QTUM to a personal wallet, such as a hardware wallet like Ledger or Trezor.

Benefits of Using Bybit:

• Advanced Trading Features: Bybit is ideal for traders who want access to advanced tools, including margin trading and futures contracts.
• Fast Execution and High Liquidity: The platform processes orders quickly and has high liquidity, ensuring minimal slippage and a seamless trading experience.
• Robust Security: Bybit employs security measures such as 2FA, cold storage, and an insurance fund to protect user funds.
• Mobile Trading: The Bybit mobile app allows traders to monitor markets and execute trades from anywhere.
• Competitive Fees: Bybit offers low trading fees, making it an attractive option for crypto traders.
• 24/7 Customer Support: Bybit provides round-the-clock support to assist users with any issues or inquiries.

Best QTUM wallet: Electrum

When using a desktop wallet for Qtum, we highly recommend the Qtum Electrum Wallet for its security and ease of use. In this guide, we’ll walk you through the process of downloading and setting up the Qtum Electrum Wallet step by step.

First, visit the official Electrum website and download the wallet. Scroll down the page and click on the “Download Electrum” button.

Step 1: Choose the Correct Wallet Version

Once on the download page, choose the appropriate wallet version for your operating system:

• If you’re using Windows, click on “Windows Installer“.
• For macOS, select the “Mac Installer“.
• Android users should download the “Android version“.

Step 2: Install the Qtum Electrum Wallet

Once the file has been downloaded:

1. Click on the setup file to launch the installer.
2. Select a directory where the wallet should be installed.
3. Click “Install“. The process should take no more than two minutes.
4. When the installation is complete, click “Close“.

Step 3: Launching the Wallet

After installation, open the Qtum Electrum Wallet by double-clicking the Electrum icon on your desktop.

The software will prompt you to connect to a server. If you’re a beginner, we recommend selecting “Auto connect“.

Step 4: Creating a New Wallet

Since this is your first time using the wallet, the software will detect that no wallet has been created. Click “Continue“.

You can rename your wallet if you prefer. Next, you will be given different wallet setup options. For beginners, we recommend selecting “Standard wallet“.

Step 5: Improving Security with Two-Factor Authentication

If you want additional security, you can choose the “Wallet with two-factor authentication” option. You will need:

• A smartphone
• The Google Authenticator app (available on the App Store and Google Play)

Enabling two-factor authentication will slightly increase costs, but it significantly enhances wallet security.

Step 6: Generating a Seed Phrase

Next, your wallet will generate a seed phrase (a sequence of 12 words). This phrase is extremely important—it acts as your backup key in case you lose your password or your computer crashes.

We highly recommend writing down your seed phrase on paper and storing it in a secure place.

After noting the seed phrase, Electrum will ask you to enter it again to confirm.

Step 7: Setting a Password

Electrum will now prompt you to set a password. Choose a strong password that includes numbers and special characters.

This password will be required every time you open your wallet, so keep it safe.

Step 8: Accessing Your Qtum Wallet

Once setup is complete, you will see the main interface of the Qtum Electrum Wallet.

Step 9: Receiving Qtum

To find your “Receiving Address“, go to the “Receive” tab in the upper-right corner. Copy this address and use it to receive Qtum from exchanges like Binance, Kraken, or Anycoin.

Step 10: Sending Qtum

To send Qtum, navigate to the “Send” tab, paste the recipient’s wallet address, enter the amount, and confirm the transaction.

Transaction Processing Time

Once you’ve sent Qtum to your wallet, it usually takes a few minutes to an hour for the transaction to be confirmed on the blockchain.

Using the Qtum Electrum Wallet is a secure and efficient way to store and manage your Qtum holdings.

If you have any questions, feel free to leave a comment—we’re happy to help!