How To Buy Quant (QNT) In The UK

A Beginner’s Guide to Buying and Selling Quant Cryptocurrency in the UK

Last Updated April 18th 2024

5 Min Read

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

The crypto space is currently home to over 10,000 cryptocurrencies. A new investor can be overwhelmed by this massive count and not know where to begin. One of the strategies that mostly works for beginners is investing in coins that have strong fundamentals.

However, even coins with a strong technological backing suffer from price volatility, a common occurrence across the crypto charts. Therefore, new investors are always advised to be cautious before making any crypto investments and implement the right risk management strategies.

This guide will equip you with the information you need to invest in Quant in the UK. The guide is articulate to ensure that even a beginner investor can easily know how to buy and sell Quant tokens.

What's In This Guide?

QUICK GUIDE: HOW TO BUY QUANT IN THE UK
Where To Buy Quant (QNT) In The UK
A Step-By-Step Guide To Buying Quant
How To Sell Quant
Which Wallets Can I Use To Hold Quant Tokens?
How Quant Works
Key Things To Consider Before Buying Quant In The UK
Conclusion

QUICK GUIDE: HOW TO BUY QUANT (QNT) IN THE UK

Open an account with a UK cryptocurrency exchange
Verify your account
Go to the deposit section
Go to the platform and select Quant
Enter how many Quant tokens you want to buy
Check the details and confirm your purchase

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Where To Buy Quant (QNT) In The UK

Are you looking on how to buy Quant in the UK? Well, there are hundreds of crypto exchanges and brokers in the UK. This can make it hard to know which platform is right for you.

List of the best Exchanges to buy Quant (QNT) in the UK:

Looking where to buy Quant in the UK right now? Below you will find 4 of the best brokers that allow you to buy Quant in the UK.

eToro - Best broker to buy Quant (QNT) in the UK
Binance - Best exchange to buy Quant UK for asset diversity
Coinbase - Best exchange to buy Quant (QNT) for beginners
OKEx - Best broker to buy QNT UK for low-cost

A Step-By-Step Guide To Buying Quant (QNT)

If you want to invest in Quant tokens in the UK, you can use the following step-by-step guide:

Step 1: Open a cryptocurrency exchange account

The only place where you can buy Quant safely is from a cryptocurrency exchange account. Many exchanges operate in the UK, and it is advisable to settle for one regulated by the Financial Conduct Authority (FCA). Besides, ensure you are creating an account with an exchange that supports Quant tokens.

After selecting the exchange you want to work with, the next step is to create the account. This process is quite easy because the only thing you will need is your name, phone number and email address.

Due to regulatory compliance, some exchanges will also require you to complete a Know-Your-Customer (KYC) verification. This verification requires you to submit proof of identity, such as a government-issued ID and proof of address.

Step 2: Deposit funds to your account

After creating your account, you need a means by which you will buy Quant tokens. You can buy these tokens using GBP if an exchange supports this option. To do so, you can link your bank account to the exchange and then deposit the needed funds.

On the other hand, some exchanges do not support buying Quant tokens using GBP. In this case, you can buy the tokens using other cryptocurrencies. for example, if an exchange supports Tether, Bitcoin or Ether, you can buy Quant under the trading pairs, USDT/QUANT, BTC/QUANT or ETH/QUANT.

If you do not own these assets, you can start by buying them and then select a trading pair that will deliver QUANT tokens.

Step 3: Buy Quant tokens

Once you have funded the account, the next step is to purchase Quant tokens. To purchase the tokens, go to the buy section of the exchange and select the amount you want to spend. Afterwards, confirm the order, and the number of tokens you have purchased will reflect on your account.

There are two most popular orders that you can use to buy QUANT tokens, including a market order or a limit order. With a market order, you will buy Quant tokens at the prevailing market prices. With a limit order, you set a preferred price at which you would like to buy Quant, and your order will be automatically completed once the price of Quant tokens hits the price under your order.

Step 4: Store your tokens in a crypto wallet

After buying your tokens, it is always advisable to transfer them from the exchange and into a crypto wallet. If you want to trade Quant actively, you can store them in an online wallet. These are mostly offered by the exchange platform.

However, if you want to hold your tokens for a long time, it is advisable to use a hardware wallet. Such wallets will store your tokens offline on a device such as a USB drive. Hardware wallets are also advisable if you are buying large amounts of Quant tokens.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

How To Sell Quant (QNT)

If you want to sell Quant tokens, it is as easy as buying the tokens. All you need is to go to your crypto wallet and transfer the assets into your exchange account. Afterwards, go to the sell section and select the number of tokens that you want to sell.

Some exchanges do not allow you to sell Quant tokens directly for cash or other tokens. In this case, you can sell them for other cryptocurrencies that you can later convert into cash.

Which Wallets Can I Use To Hold Quant (QNT) Tokens?

As aforementioned, there are two main types of wallets used by crypto traders: online wallets and offline wallets. Online wallets are also known as hot wallets and are mostly used by frequent traders. These wallets will store your tokens online and make it easy to access them when you want to trade.

The other type of wallet is an offline wallet, also known as a cold wallet. A cold wallet will keep your Quant tokens offline, and this will make them more secure. Cold wallets are preferred by traders holding large amounts of tokens and do not want to sell for a long time.

How Quant (QNT) Works

Quant is a network that was developed to solve the limitations of the traditional finance sector. Its blockchain network seeks to offer high levels of scalability and low fees that make transaction processing efficient.

Quant tokens have become some of the most popular in the cryptocurrency space, and they have made incredible gains over the past year. The tokens are also among the few that offer strong technological backing.

Key Things To Consider Before Buying Quant (QNT) In The UK

Below are the key factors you need to consider before investing in Quant tokens:

Historical performance

The first thing that you need to consider before investing in Quant is the historical performance. This performance will help you know the gains and losses the tokens have experienced over the years to know if they would be a good investment.

Availability

The other thing that you need to consider is the availability of Quant tokens. If these tokens are highly available in the market, it will ensure that you have an easy time buying and selling tokens, as your trades will be settled easily.

Technological backing

Another key factor to consider is the technological backing of a token. Quant is one of the cryptocurrencies that have strong technological fundamentals. This gives investors the assurance that the token will not lose its relevance in the market.

Don't Miss: Quant Price Predictions

Conclusion

Quant is one of the most popular tokens in the crypto market. It has not only made an impression because of its price performance, but its technological backing also had a role to play. If you want to buy Quant tokens, you can open an account on a cryptocurrency exchange, fund the account and place an order.