Qtum (QTUM) ranks among the notable cryptocurrencies in the digital asset space, currently positioned as the 273rd largest by market capitalization at approximately $216 million. With a current trading price of $2.05—down from $2.25 just a day prior—Qtum reflects the high volatility typical of many blockchain-based assets. Over the past year, its value has declined by 20%, highlighting the importance of informed decision-making before investing.
Before diving into how to buy Qtum, it’s essential to understand its foundational technology, use cases, and the risks involved in cryptocurrency trading. This guide walks you through everything you need to know—from setting up an account on a crypto exchange to securely storing your QTUM tokens.
What Is Qtum (QTUM)?
Qtum, pronounced "quantum," is an open-source blockchain platform designed to merge the best features of Bitcoin and Ethereum. Built on a fork of Bitcoin’s core code for stability and security, Qtum integrates an account abstraction layer that supports multiple virtual machines—including the Ethereum Virtual Machine (EVM)—enabling developers to build and deploy smart contracts and decentralized applications (dApps).
Developed by the Singapore-based Qtum Foundation, the network aims to provide a business-friendly infrastructure where enterprises can leverage blockchain technology for improved efficiency and cost reduction. Its hybrid architecture allows interoperability between different blockchain ecosystems, making it a compelling option for real-world applications across industries such as logistics, finance, telecommunications, and supply chain management.
The native cryptocurrency, QTUM, powers transactions and smart contract execution on the network. Users must hold QTUM to pay for gas fees and interact with dApps built on the platform.
How to Buy Qtum in 5 Simple Steps
Purchasing Qtum is a straightforward process that can be completed in under 15 minutes with the right preparation. Here's a step-by-step guide:
1. Compare Crypto Exchanges
Start by evaluating reputable cryptocurrency exchanges that support QTUM trading. Look for platforms offering low fees, strong security measures, user-friendly interfaces, and support for USD deposits. Consider factors like customer service availability and regulatory compliance.
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2. Create and Verify Your Account
Sign up on your chosen exchange using a valid email address. Most platforms require identity verification (KYC) before allowing deposits or trades. Have your government-issued photo ID and phone ready, as these are typically needed during the verification process.
3. Deposit Funds
Once verified, deposit funds using your preferred payment method:
- Bank transfer: Often free but may take 1–5 business days.
- Credit/debit card: Instant funding with higher fees.
- Cryptocurrency: Transfer BTC, ETH, or stablecoins to trade for QTUM.
4. Purchase QTUM
Navigate to the QTUM trading pair (e.g., QTUM/USD or QTUM/BTC). You can either:
- Use an instant buy feature for a fixed price (convenient but slightly more expensive).
- Place a limit or market order on the spot market for more control over pricing.
Enter the amount you wish to purchase and confirm the transaction.
5. Secure Your QTUM
For long-term holding, avoid leaving large amounts on exchanges. Instead, transfer your QTUM to a personal wallet for enhanced security.
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Where to Buy Qtum Safely
When choosing where to buy Qtum, prioritize exchanges that:
- Are registered with financial regulators in your region.
- Offer two-factor authentication (2FA) and cold storage for funds.
- Support multiple deposit methods including bank transfers and cards.
- List QTUM in both spot and potentially futures markets.
Ensure the platform supports USD trading pairs if you plan to buy directly with fiat currency.
Required Information to Buy Qtum
To create and verify an account on most exchanges, prepare the following:
- A valid email address
- Government-issued photo ID (passport, driver’s license)
- Proof of address (utility bill or bank statement)
- Mobile phone for SMS or app-based 2FA setup
Completing KYC not only unlocks full functionality but also enhances account security and helps prevent fraud.
Best Ways to Purchase Qtum
You have several options when funding your purchase:
| Method | Pros | Cons |
|---|---|---|
| Bank Transfer | Low or no fees | Slower processing time |
| Credit/Debit Card | Instant access | Higher transaction fees |
| Cryptocurrency Trade | Fast and flexible | Requires existing crypto holdings |
Most users find card purchases ideal for small, immediate buys, while bank transfers suit larger investments due to lower costs.
How to Store Your QTUM Securely
After buying Qtum, consider transferring it to a secure wallet:
- Hardware Wallets: Devices like Ledger or Trezor offer offline storage, protecting against online threats.
- Software Wallets: Mobile or desktop apps provide convenience for frequent access.
- Exchange Wallets: Suitable only for short-term holding; not recommended for large amounts.
Using a non-custodial wallet gives you full control over your private keys—a key principle in crypto self-custody.
Is Qtum a Good Investment?
While past performance doesn’t guarantee future results, assessing Qtum’s potential involves analyzing several factors:
Real-World Use Cases
Qtum targets enterprise adoption with scalable smart contracts and interoperability features. Industries like logistics and fintech have explored its capabilities for transparent recordkeeping and automated processes.
dApp Ecosystem
Over 20 decentralized applications already run on Qtum, including:
- Energo: A cross-chain energy marketplace.
- Qbao: A smart wallet integrating DeFi tools.
- BeeChat: A decentralized messaging platform.
A growing dApp ecosystem increases demand for QTUM as gas fees are paid in the native token.
Strategic Partnerships
Qtum has formed partnerships with major organizations:
- Collaboration with 360 Finance to develop a blockchain lab.
- Integration with Baofeng Bokocloud for consensus network services.
- Past pilot programs enabling crypto payments at Starbucks locations.
These initiatives signal ongoing efforts to expand utility and adoption.
Current Price vs. All-Time High
As of now, Qtum trades at $2.05**, significantly below its all-time high of **$100.22 reached on January 6, 2018. While far from peak levels, this gap may represent opportunity—or caution—for investors depending on market outlook and risk tolerance.
Monitoring price trends through technical analysis tools can help determine optimal entry points.
How to Sell or Convert Qtum
Selling QTUM follows a process similar to buying:
- Log in to your exchange or connect your wallet.
- Navigate to the QTUM trading pair.
- Place a sell order (market or limit).
- Confirm fees and execute the trade.
- Withdraw proceeds to your bank account or another crypto wallet.
Always review withdrawal limits and processing times before initiating a sale.
Frequently Asked Questions (FAQ)
Can I buy Qtum with a credit card?
Yes, most major exchanges allow you to purchase Qtum instantly using a credit or debit card. Expect slightly higher fees compared to bank transfers.
Is Qtum available on U.S.-based exchanges?
Yes, Qtum is listed on several U.S.-compliant exchanges that support KYC-verified users and USD trading pairs.
What is the minimum amount of Qtum I can buy?
Most platforms allow purchases as small as $10 worth of QTUM, making it accessible even for beginner investors.
How fast is a Qtum transaction?
Qtum uses a proof-of-stake consensus mechanism with block times around 2 minutes, offering faster confirmation than Bitcoin.
Can I stake Qtum tokens?
Yes, Qtum supports staking through compatible wallets. By staking, you help secure the network and earn rewards in return.
Are there taxes on buying Qtum?
In most jurisdictions, including the U.S., purchasing Qtum with fiat isn’t taxed—but selling or trading it may trigger capital gains tax obligations. Always consult a tax professional.
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This guide provides comprehensive insights into purchasing and managing Qtum while emphasizing security, usability, and informed decision-making. Whether you're new to crypto or expanding your portfolio, understanding how to safely acquire and store QTUM is crucial for long-term success.