Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has QTUM, and is trustworthy!
You can find our top 3 exchanges for buying QTUM here, alternatively you can also check our comparison of the best crypto trading platforms in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy QTUM
And of course, the final step is to find QTUM on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy QTUM (QTUM)
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How to Sell QTUM
- Sign into the exchange
- Find where you stored your QTUM, either on a hardware wallet or on the exchange.
- Transfer your QTUM to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell QTUM.
Considerations when looking to buy QTUM.
Qtum, pronounced "quantum", is an open-source proof-of-stake smart contract platform and value transfer protocol. It is designed to combine the strengths of Ethereum and Bitcoin in one chain. Qtum uses Bitcoin's UTXO transaction system, but has the additional functionality of smart contract execution or DApps. The platform recently added support for DeFi apps. There are currently more than 20 tokens on the Qtum Blockchain as of March 2021.
In March 2016, the project was announced. It held an ICO in March 2017 which brought in $15 million USD. September 13, 2017, saw the release of Qtum's main chain. The Qtum main chain was launched on Sept. 13, 2017.
Qtum, a general purpose cryptocurrency, aims to solve four problems its founders identified in ETH and BTC blockchain platforms. These are interoperability and governance, rigidity, costliness and costliness for proof-of-work mechanisms, and the difficulty of connecting smart contract with real-life applications. Two technologies are unique to the Qtum blockchain that address this problem: Account Abstraction Layer, (AAL), and Decentralized Governance Protocol.
The Account Abstraction Layer combines the UTXO account layer (Unspent Transaction Output), inherited from Bitcoin, with the smart contract layer, inspired in Ethereum. It allows users to create and host applications on virtual machines such as the Ethereum Virtual Machine, x86 virtual machine, and the Ethereum Virtual Machine (EVM). It supports the i686 instruction set, as well as several programming languages such C, C++ and Python. This makes it easy to adapt existing apps and compile them for Qtum. It allows turing-complete smart contract integration.
Smart contracts can change the core parameters of a network like block size or gas fees, without having to hard fork it. This could save you a lot of time as the network evolves. The entire ecosystem, including miners, developers, and QTUM holders, participate in the governance of the blockchain through voting. The blockchain can also realize self-management and upgrades, as well as iteration.