Qtum Foundation, a Singaporean non-profit organization, created Qtum platform in 2016. The platform is designed to help companies or organizations create smart contracts while allowing users to do transactions like Bitcoin. Users are able to build apps and create smart contracts on the blockchain while managing transactions easily.
Since Qtum is an open source platform, users are able to modify the code so they can write smart contracts on top of it. As a result, there will be layers of applications running on the EVM. Ethereum has good blockchain mechanism, but the security isn’t impressive. Blockchain, on the other hand, is safer and more trusted. It’s only logical to combine both beneficial features within a single platform.
You can basically use debit card, credit card, or even PayPal to buy the Qtum (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Qtum as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Qtum. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.
That’s the first step in buying Qtum, once you get your Bitcoin or Ethereum, you can continue to the next step.
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH with Qtum:
Coinswitch is not exactly an exchange service, but more like an aggregator system that works with similar mechanisms as established exchanges. They allow the investor to get in touch with different exchanges and get all the information they need about the deals they offer for their listed digital currencies.
IMPORTANT! Once you are registered to any of the above, find the BTC/QTUM or ETH/QTUM trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Qtum (QTUM) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X
TREZOR MODEL-T
Also Read:
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Qtum. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
You can’t buy QTUM directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Qtum. You can buy BTC/ETH with skrill by using these exchanges::
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/QTUM and begin the transactions.
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/QTUM trading pair.
The cheapest way is to use bank account to buy Bitcoins first or to buy the Qtum right away. The fastest way is to use a credit card but you will then be charged higher fees.
Once you have purchased the Qtum, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
Find a crypto exchange which allow pairing QTUM with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Qtum is to buy it from a reliable exchange.
Qtum platform provides a functional and convenient place for business to create smart contracts in a safer way. By combining the best technology from Ethereum and the safety from Bitcoin, everyone can enjoy the offered features of this platform. Anyone interested in making a smart investment while managing digital smart contracts should consider this platform.