How to Buy and Invest in Quantum [QTUM] in 2021

Quantum, referenced by the ticker symbol of ‘$QTUM’ on a plethora of exchanges, is an open sourced cryptocurrency that blends two major benefactors of Bitcoin and Ethereum into a singular entity. Quantum is a form of code that is valued by the markets, that can be sent and received to anyone in the world and be confirmed and settled within just a few moments.

The QTUM cryptocurrency runs on the Quantum blockchain and is a part of the overall ‘Quantum’ ecosystem. Quantum’s main goal as a cryptocurrency is to blend the major benefactors that were accomplished by Bitcoin and Ethereum while mitigating the downsides that both of these cryptocurrencies have fallen susceptible to. Quantum’s aimed features are explicitly defined as extracting Bitcoin’s focus and efficiency in looking to transfer value to anyone else in the world and have it confirmed and settled within just a moment’s notice. Quantum also seeks to build upon the concept of Ethereum’s blockchain infrastructure/platform by enabling a blockchain development environment for enterprises, companies, and institutions alike.

Quantum maintains its own smart contract development structure very similar to how Ethereum, TRON, and EOS have. The environment is fairly complex, and for beginners, this type of information isn’t necessary to understand if you’re simply looking to buy Quantum and use it for its efficiency. Quantum maintains an environment that enables basic users as well as companies or institutions to extract efficiency from using Quantum, something that makes it unique apart from other cryptocurrencies.

QTUM enables what it calls an ‘Additional Application Layer’, which is defined as a transparent layer of sorts that helps to build upon the environment as it evolves. Having this level of adaptability and moldability is very useful as a cryptocurrency, and even as a prospective investment. With this level of sophistication in mind, Quantum has the potential to be a useful and widely integrated cryptocurrency if it maintains the amount of evolution that it has so far. Quantum is built on a unique blockchain protocol, which means it’s not the exact as far as technicality wise as Bitcoin or Ethereum, however, it’s underlying infrastructure makes it a prospective competitor for the aforementioned. Quantum has a higher throughput (Meaning that it is technically faster) than both Bitcoin and Ethereum.

Buying cryptocurrencies on Binance has become easier and easier as the market has continually progressed, and buying Quantum on the exchange can be done regardless of your level of experience in the blockchain community. Binance is a crypto-exclusive exchange that offers the sale of a variety of different cryptocurrencies paired to a plethora of different base currencies. Binance has maintained a level of security and reliability throughout the years due to its ability to counter incoming attacks, maintain transparency with the team, and keep actively improving and updating features and tools on the site.

Buying Quantum (QTUM) on Binance is a quick and easy process. To get started, make sure you have a valid and accessible email address, a funding method or pre-purchased cryptocurrency that is able for deposit on Binance, and a reliable internet connection. If so, follow this guide on purchasing Quantum on the Binance exchange.

Register for An Account

In order to buy Quantum on Binance, we first need to register for an account. To do this, you’ll need a valid email; head to Binance’s homepage and at the top-right section of your screen, you should see the ‘Log In/Register’ option. Click on this and select the ‘Register’ button, which will prompt a new input form. Here, you’ll have to input your email as well as a secure password. Ensure you have access to the email and that the password is complex and that you don’t share it with anyone. The registration screen will look as follows:

Once you’ve entered the required information, go to your main email and check for the verification email that has been sent to you. Click on the link in the email, which will redirect you to a new login page. Login to your newly created account on this page and you’ll then be able to access the exchange’s basic features and use the site.

Secure Your Account

Once you’ve verified your account by clicking on the verification email that was sent to you, your account will be fully functional, however, we recommend adding an additional layer of security  through either the Google Authenticator app, or linking an alternative email to Binance. This will not only protected your linked deposit methods and deposited funds but will also protect any Quantum that you purchase.

Both of these can be done by going to your Binance account page (Top-right of the navigation bar, click on ‘Account’). Once here, find the ‘Account Security and Preferences’ tab. Here, you’ll have the option to link a second method of authorization, particularly through the Authenticator app.

Google Authenticator is a third party application that gives you secure authorization to any other supported site. To enable Authenticator for Binance, on the tab we instructed, click ‘Enable Google Authentication’. Then click ‘Next’, and a QR code will be shown. Once this is done, go to your phone and download the ‘Google Authenticator’ app – the application is available for both iPhone’s and Androids. Once downloaded, click on the plus sign in the application (Top-right corner). This will then bring up a camera which will ask you to take a picture of the QR code you’re scanning. Scan the code that we just generated on Binance.

As shown in the image below, your QR code will look similar to this:

Once added, you’ll be able to see on your application that ‘Binance’ has its own respective tab. Every few seconds, a new code is generated; this is your 2FA code. Use this for logging in, withdrawing, or any other 2FA protected instance on Binance. Additionally, save the backup codes that Binance generates for you as shown in the image above.

Deposit Funds for Purchasing Quantum

The next step in purchasing Quantum after you’ve enabled a second method of authorization via Google Authenticator app (Or any other alternative that you chose), is to deposit or purchase funds to Binance that you’re going to use to purchase Quantum. There are two ways to do this on Binance; you can deposit pre-purchased cryptocurrency and swap that currency into a paired currency with Quantum, or you can purchase a base cryptocurrency that is paired to Quantum via credit card on Binance and then use that base cryptocurrency to swap for Quantum (Via a ‘QTUM/BTC’ or relative pair).

The first method we’ll review is depositing a cryptocurrency we’ve already pre-purchased from a different exchange and swap it for Quantum. In this case, after you’ve signed in go to the ‘Funds’ tab in the top-right of the screen and on the drop-down menu you should see ‘Deposit’. Click on this tab; it will redirect you to a new page where you’ll have the capability to select from a list of different cryptocurrencies to deposit. In this case, let’s assume we’ve purchased Litecoin from a different exchange and have it in a different wallet but want to buy Quantum on Binance. In this case, look for ‘Litecoin’ from the search bar and click on ‘Deposit’. A screen similar to the one below will appear:

In this case, Binance will then generate a new address for us where we can exclusively deposit Litecoin (Nothing else) to. This address is unique to yourself, so in the image above, the address has been whited out. Send the Litecoin from wherever you’re currently holding it to your newly generated address. Once the Litecoin is confirmed in your account, you’ll be able to refresh the page and see you now have available funds to use.

In this case, we’re going to exchange our Litecoin for a Quantum supported pair, which will most likely be Bitcoin, which is what we’ll do in the next set of events.

Alternatively, you can also deposit fiat funds directly to Binance by using a credit card. Binance is partnered with the platform Simplex which makes credit card purchases of a base cryptocurrency easy to do. In order to do this, navigate to the ‘Funds’ tab as we did just before and from the drop-down, select the option that says ‘Buy with Credit Card’. This will lead us to a new page where we can enter in our credit card information and make a purchase for a base cryptocurrency. In our case, Bitcoin is the most common and liquid pair available to purchase Quantum, so we’ll indicate Bitcoin. Then, simply enter in how much worth you’d like to purchase, and after processing takes place, you’ll then have valid funds to use on the exchange.

You can also find Binance’s inclusive credit card purchasing tutorial and guide for depositing fiat funds directly using a card which can be found here.

Note: (You CANNOT send all types of cryptocurrencies to the same cryptocurrency addresses. What this means is that if you’re looking to deposit Bitcoin, you cannot send Bitcoin to an Ethereum address. In this case, you will lose your funds forever and cannot get them back).

The final step is making a purchase of Quantum (QTUM).

Place An Order and Purchase Quantum 

Our final step in purchasing Quantum on Binance is to finally place a buy order on the markets for Quantum. To do this, we’ll first need to head back to the homepage of Binance. From here, on the left-hand side of the page, you should see the ‘Exchange’ tab. Hover over this, and from the drop-down, select the ‘Basic’ option. This will bring up the tools we need in order to make a purchase for Quantum.

Selecting this bring up a list of different assets, markets, and charts; don’t get overwhelmed by this. On the right side of the exchange, you should see a small tab with a magnifying glass with an input field. Above this, select the ‘BTC’ option. This will bring up the Bitcoin markets. Relative to whatever cryptocurrency you deposited in the previous step, find the pairing to Bitcoin here (For example, if you deposited Litecoin, find ‘LTC/BTC’ – the goal here is to convert whatever you deposited to Bitcoin). Once converted, go back to the search tab and type in QTUM – this is Quantum’s market symbol.

Doing this will bring up the following results:

Click on this, and as a result, the chart for QTUM relative to Bitcoin will appear in the chart to our left. Don’t be overwhelmed by the changing tickers and results, as this is all just market activity. Underneath the chart, find the square that says ‘Buy QTUM’ –> In this square, click ‘Market Order’ from the tabs available. This order type is just a framework that will execute our order at the next possible price available.

As a result, you should see that the ‘Amount’ tab is empty; this is where we’re going to enter how much Quantum we want to purchase. Binance also enables a percentage convert as indicated in the image below, which will automatically convert your holdings relative to a percentage of how much QTUM you can purchase. Specify how much you’d like to purchase, and then hit the ‘Buy QTUM’ button directly below it.

Upon execution, your order will process and then your account balance will be updated to reflect your purchase. Once completed, you’ve successfully purchased Quantum on Binance!

Very few exchanges have maintained as high a level of security, regulatory-abidance, and reliability as Coinbase has; the San Francisco exchange is one of the most prominent exchanges in the cryptocurrency and blockchain community, however, unfortunately, at the moment Coinbase does not support the purchase or sale of Quantum. Coinbase can be used as an intermediary to purchase Quantum, however, in that, you can purchase Bitcoin or Ethereum on Coinbase, and then send the Bitcoin or Ethereum to an exchange that supports a verified Quantum (QTUM) listing such as Binance. Once deposited, you can then use that Bitcoin or Ethereum to buy Quantum.

Direct purchase of Quantum on Coinbase is not currently supported, however, this can definitely change within the near future. Coinbase announced and added support for Ripple (XRP) in just a few week’s notice; additionally, Coinbase has actively been researching and adding new assets to their exchange, so Coinbase listing Quantum for purchase and sale is definitely not entirely out of the question.

Plus500 is a regulated and registered financial services firm that provides a plethora of different financial products, including cryptocurrencies, equities and indices, commodities and more. Plus500 enables the trading of cryptocurrencies via what are called ‘CFDs’, or contracts for difference; these are legacy financial products that have now been normalized in cryptocurrency trading and investing that essentially exposes the buyer of a contract to the price of a cryptocurrency without ever actually having to buy the underlying asset. This helps people who are wary about purchasing cryptocurrencies but still want to gain exposure to their price movements, or speculate on movements. Quantum, however, is not supported on Plus500 at the moment. A Quantum (QTUM) listing is definitely possible on Plus500; the CFD trading giant has been actively adding new cryptocurrencies to their list of supported traded assets, so definitely keep an eye out for changes in the near future.