How to Buy QTUM in the USA

A Beginner’s Guide to Buying and Selling QTUM Cryptocurrency in the USA

Last Updated July 23rd 2021
5 Min Read

If you’re based in the USA and wish to buy QTUM – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many QTUM tokens you want to buy.

The cryptocurrency market has become very popular over the last decades and has attracted many investors into that arena. Despite the volatility and risks characteristic of the crypto space, many investors thrive and grow their financial assets. The success is owed to knowledge and insight about the industry. It is achieved through the guidance and counsel of industry professionals and experienced investors. 

There are many cryptocurrencies in the market today, and QTUM is one of them. Pronounced as Quantum, QTUM uses a blockchain technology designed to merge the smart contract property of Ethereum with the stable blockchain qualities of Bitcoin. The coin also uses the proof of stake consensus mechanism for the verification of ownership.

What's in This Guide?

  1. QUICK GUIDE: HOW TO BUY QTUM IN THE USA
  2. A Step-by-Step Guide to Buying QTUM Tokens
  3. Store in a Crypto Wallet
  4. How to Sell QTUM Tokens
  5. Things to Consider When Buying QTUM in The USA
  6. Conclusion 

QUICK GUIDE: HOW TO BUY QTUM IN THE USA

  1. Open an account with a cryptocurrency exchange
  2. Verify your account
  3. Go to the deposit section
  4. Go to the platform and select QTUM
  5. Enter how many QTUM tokens you want to buy
  6. Check the details and confirm your purchase

A Step-by-Step Guide to Buying QTUM Tokens 

The following is a guide to help you buy QTUM tokens in the United States. The guide uses a step by step approach to making everything simple, even for a beginner. Follow the guide below to start buying QTUM tokens in the USA.

Step 1: Open an exchange account 

The first stage in your journey to buy QTUM tokens in the United States of America is signing up for an exchange account. The registration process is very simple and does not require any special skills whatsoever. However, the first consideration before you select an account is the kind of transaction you intend to perform on that account. In this case, the account you sign up for must be able to perform transactions involving both QTUM and USD currency. 

With that in mind, you can open your exchange account. Certain information will be required, including your official names as they appear on your national identity card, your phone number, and your email address. 

To comply with the KYC (Know-Your-Seek) regulations that control the exchange market, you will have to verify your identity using a government-issued identity card. You also have to verify your address by using a supporting document such as a utility bill. 

For security purposes, make sure that you set a very strong password and a supporting multi-factor authentication so that no one can access your account without due permission. 

Step 2: Deposit funds to the account 

Next, deposit funds into the account. The funds are intended to buy the QTUM tokens. To deposit funds into your exchange account, all you have to do is link your credit or debit card to the account. Alternatively, you can fund your account by linking your bank account to the exchange account. Linking your bank to the exchange makes the process easier because all you will have to do is authorize a direct transfer from the bank straight into the exchange. 

On the off chance that you do not wish to have funds as a means of purchase, and then buy other cryptocurrencies and have them in your exchange account as an alternative because you can use other cryptocurrencies to trade for QTUM tokens. 

Step 3: Purchase QTUM tokens

With a funded account, you are ready to buy your QTUM tokens. There are two different approaches to buying QTUM tokens. First, you can either use fiat currency (in this case, USD) to buy the QTUM tokens right there on the exchange account. Secondly, you can buy QTUM tokens b exchanging other cryptocurrencies with the QTUM tokens at the rate prevailing in the market at that time. 

To buy QTUM tokens using fiat currency, simply navigate to the buy section of the account and enter to specify the amount of USD you wish to use to buy the QTUM tokens. Next, confirm that you wish to proceed with the transaction. A notification will be sent to your email to confirm that the transaction is already underway. To go with this option, select USD/QTUM on the matching pair.

Supposing you want to use other cryptocurrencies to buy the QTUM tokens, then go to the buy section of the account and select the pair that matches what you intend to use to buy the QTUM tokens against the QTUM tokens. For instance, if you wish to use Bitcoin to buy the QTUM tokens, select the token pair that reads BTC/QTUM. 

Store in a Crypto Wallet 

After buying your QTUM tokens, you may want to store them in a secure place until you start using them. Cryptocurrencies are normally stored in a crypto wallet. There are two types of crypto wallets- hot wallets and cold wallets. 

Hot wallets serve by storing the tokens online using provisions such as apps. With this type of wallet, token holders and, therefore, investors can easily withdraw or retrieve their tokens whenever they need to facilitate a transaction. As such, hot wallets are a better option for active traders compared to cold wallets.

As regards cold wallets, these serve to store tokens offline. Cold wallets employ external hardware such as USB drives to store the tokens. Offline storage is safer compared to online because the former is less susceptible to internet hackers. 

How to Sell QTUM Tokens 

Selling QTUM tokens is easy, requiring that you go to the sell section of the exchange account and specify the amount of QTUM you wish to sell. You can either sell them for USD currency or exchange them with other cryptocurrencies at the rates prevailing in the market at that time.

Things to Consider When Buying QTUM in The USA 

Among the factors you must consider before buying QTUM tokens in the USA include: 

History

By tracing how a coin has been performing over the past two or three months, you easily predict how the coin will be ranking in the next few months. 

Availability

Availability is a direct reflection of how a coin has been accepted in the market. A highly available cryptocurrency has been accepted by users as a reliable currency.  

Conclusion 

QTUM cryptocurrency has changed the game in the crypto market, offering investors a means to diversify their financial assets. The coin has been described above, with a manual for buying, selling, and storing QTUM tokens. Ensure that you keep the key considerations in mind at all times during your journey in the crypto market. 

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