Where to Buy Qtum (QTUM)

Qtum (QTUM)

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How to Buy Qtum (QTUM)

Get the best of both worlds with Qtum — the latest blockchain development system that combines infrastructure from both Bitcoin and Ethereum to create an accessible means for companies looking to build decentralized applications.

The team’s goal is to become an entire new blockchain ecosystem and a viable alternative for trusted Virtual Transfer Protocol.

What sets Qtum apart from others?

Qtum itself is based on Bitcoin’s UTXO model and uses the Ethereum Virtual Machine, which allows for compatibility between the two systems. In addition, applications developed on the platform are able to work on mobile devices. The Qtum has a few other goals as well:

  • Create a new type of smart contract, called the “Master Contract’
  • Continue achieving compatibility with different blockchain technologies
  • Interact with the real world using Master Contracts

Ready to start building? Let’s get you set up with some QTUM.

Open Up A Coinbase Account

Ready to buy some QTUM? Sounds good, but first you will need to purchase some Bitcoin or Ethereum from Coinbase. If you’re having issues getting into Coinbase, try going through Coinmama to purchase the coins — the tutorial will be the same for both. Already have some BTC or ETH in your wallet? You’re ahead of the curve and get to skip to step 2.

Create A Binance Account

A cryptocurrency marketplace is where buyers like you gather to purchase coins. We will be using Binance today, but know that there are a few marketplaces where you can buy QTUM. After you set up your wallet, you will be able to use your BTC or ETH to purchase other coins. Go on and create an account, then move on to step 3.

Send BTC or ETH to Binance

These next steps probably looks a bit complicated, but all we’re doing is moving our BTC or ETH from our Coinbase wallet to our Binance wallet. Here’s the how-to:

  • Select “Wallets” on Binance
  • Look for “BTC” or “ETH”
  • Select “Deposit”
  • Select and copy the address string
  • Log into your coinbase account again
  • Click on the “Accounts” label on Coinbase
  • Locate your BTC or ETH wallet & select “Send”
  • Place the Binance wallet address into the Coinbase recipient address bar
  • Enter in the desired amount and press send!

You’re doing great so far. If you are still confused by the process, below are some screenshots outlining the process using ETH for reference:

Purchase Qtum (QTUM) on Binance

Ready to buy some QTUM? Now is the time. Find the “Markets” tab and search for the BTC/QTUM or ETH/QTUM market. Once you’ve found the market, fix your price per coin, the amount of coins you want, and then finally buy!

If you’re still confused about this step, below is a screenshot outlining the components of the page:

Calculate & Store Away

Up top, you just bought some QTUM! You get to decide the next steps. You’re more than welcome to return to the marketplace to look for other coins — especially since you’re an expert on this now. However, you can also keep them stored in your wallet.

 

Was that the last step?

Yes, you’re done! We understand this process can be difficult, and we’re here to answer any questions you may have. Don’t hesitate to reach out and send them our way in the chat window to your right.

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