Introduction
When purchasing Qtum, there are several factors to consider, including choosing an exchange to purchase it from and transaction method. Fortunately, we've compiled a bunch of reputable exchanges to help you with the process.
Step-by-Step Guide
1. Choose an Exchange
Research and select a cryptocurrency exchange that operates in the in your country and supports Qtum trading. Consider factors such as fees, security, and user reviews.
See all 42 pricesPlatform Coin Price Binance Qtum (QTUM) 1.44 Kraken Qtum (QTUM) 1.44 OKX Qtum (QTUM) 1.89 Uphold Qtum (QTUM) 2.53 BingX Qtum (QTUM) 1.44 Bitfinex Qtum (QTUM) 4.9 2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
See all 42 pricesPlatform Coin Price Binance Qtum (QTUM) 1.44 Kraken Qtum (QTUM) 1.44 OKX Qtum (QTUM) 1.89 Uphold Qtum (QTUM) 2.53 BingX Qtum (QTUM) 1.44 Bitfinex Qtum (QTUM) 4.9 3. Fund Your Account
Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.
4. Navigate to the Qtum Market
Once your account is funded, search for "Qtum" (QTUM) in the exchange's marketplace.
5. Choose a Transaction Amount
Enter the desired amount of Qtum you wish to purchase.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Buy QTUM" or equivalent button.
7. Complete Transaction
Your Qtum purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet
Consider using a reputable hardware wallet to store your Qtum securely.
What to be Aware of
When purchasing Qtum, it's important to choose a reputable exchange that is easy to use, and has reasonable fees. Once you've done this, always transfer your crypto a hardware wallet. That way, no matter what happens to that exchange, your crypto is safe.
Latest Movements
Qtum (QTUM) is currently priced at $2.53 with a 24-hour trading volume of $22.34M. In the last 24 hours, Qtum has experienced a decrease of -3.38%. The market cap of Qtum stands at $329.25M, with 105.47M QTUM in circulation. For those looking to buy or trade Qtum, Binance offers avenues to do so securely and efficiently
- Market cap
- $329.25M
- 24h volume
- $22.34M
- Circulating supply
- 105.47M QTUM
Frequently Asked Questions About Qtum (QTUM)
- What is Qtum and what problem does it aim to solve?
- Qtum is a blockchain platform that combines Bitcoin’s UTXO-based security model with Ethereum-style smart contract capability. It was designed to merge the reliability and security of UTXO (from Bitcoin) with a flexible, scalable smart contract framework, enabling enterprises and developers to build decentralized applications (dApps) without compromising on security or efficiency. Qtum uses a Proof-of-Stake consensus (now commonly referred to as DPoS in some discussions) and relies on deterministic smart contracts to improve compatibility with existing enterprise infrastructure. For users, this means a platform intended to support business-oriented dApps with lower transaction costs and faster finality, while leveraging a robust security model.
- What is the current price, market cap, and circulating supply for Qtum?
- As of the latest data, Qtum trades around $0.914 per QTUM token. Its approximate market capitalization is $96.9 million, reflecting the circulating supply of about 106 million QTUM tokens. The circulating supply represents the number of QTUM tokens that are actively available in the market, while the market cap provides a rough gauge of the project’s size and market demand. Prices can be volatile and change rapidly, so it’s wise to check a reliable price feed or exchange for real-time data before making any investment decisions.
- How does Qtum's technology differ from other smart contract platforms like Ethereum?
- Qtum blends Bitcoin’s UTXO model with a virtual machine that can execute smart contracts compatible with Ethereum’s Solidity language. Key distinctions include: 1) Layered architecture that aims to separate token economics from contract execution, reducing cross-layer risk. 2) A focus on governance and security through modular design and compatibility with existing enterprise systems. 3) Use of an efficient consensus mechanism that can provide faster finality for certain configurations. This combination aims to attract developers who want Ethereum-like smart contracts but with potentially better interoperability with existing financial and business infrastructure and lower on-chain risk for enterprise use cases.
- Where can I buy Qtum and what should I consider before buying?
- Qtum is available on several major cryptocurrency exchanges. When buying, consider factors such as liquidity (trading volume), security history of the exchange, trading pairs offered (QTUM/BTC, QTUM/USDT, etc.), and withdrawal options. It’s also prudent to review the project’s roadmap and recent updates to gauge long-term potential. For storage, use a wallet that supports QTUM, and consider enabling security features like hardware wallets for larger holdings. Always assess your risk tolerance and diversify your portfolio rather than allocating a disproportionate amount to a single asset.
- What are practical use cases for Qtum today?
- Qtum targets enterprise-grade decentralized applications and smart contracts. Practical use cases include supply chain management, asset tokenization, decentralized finance (DeFi) applications, and enterprise-grade dApps that require robust security with interoperability to traditional IT systems. Developers can leverage Qtum’s smart contract framework to deploy applications that benefit from the UTXO security model while still enjoying the flexibility of Ethereum-like programming. For investors, the value proposition lies in exposure to a platform aiming to bridge traditional business infrastructure with blockchain-enabled solutions.
