Qtum (QTUM) is the 195th largest cryptocurrency by market cap, valued at US$377,423,154.
Qtum is a highly volatile asset capable of major price swings in a single day. Today QTUM is trading for $3.57 USD, which is lower than yesterday's trading price of $3.62 USD. Over the past year, Qtum's price has seen an increase of 28%.
So before you buy Qtum, make sure you understand these unique risks as well as its legal and tax status here in
Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Qtum.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy Qtum in 5 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchanges
The easiest way to buy Qtum is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Qtum
You can now exchange your funds for Qtum. On beginner-friendly exchanges, this is as simple as entering the AUD or QTUM amount you want to purchase and clicking "buy".
Secure your Qtum
Consider transferring your QTUM to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy Qtum in
Australia
Find an exchange to buy, sell and trade QTUM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Qtum guide up-to-date
QTUM price data is regularly updated through data feeds so you always have the latest information.
What is Qtum?
Qtum (pronounced "Quantum") is an open-source blockchain project designed to combine Ethereum's smart contracts with Bitcoin's blockchain. Its aim is to allow for the development of faster and more secure smart contracts and decentralised applications on a business-friendly blockchain.
Developed by the Singapore-based Qtum Foundation, Qtum is a hybrid blockchain application platform that aims to bring together the best parts of the Bitcoin and Ethereum projects and to facilitate interoperability between the 2. Its core focus is on the business applications of smart contracts, with an aim to introduce a wide range of organisations to blockchain-based solutions that increase efficiency and reduce costs.
The Qtum platform is built on a Bitcoin core fork, chosen for its simplicity and stability, and then an account abstraction layer that includes multiple virtual machines that contribute different functionalities. Headlining these is the Ethereum Virtual Machine, which gives Qtum the ability to create its own smart contracts.
QTUM is the native token of the Qtum network, and tokens are required to use Qtum apps and the Qtum blockchain.
How do I find the best places to buy Qtum?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in
Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Qtum?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Qtum.
This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing QTUM with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Qtum?
Once you've created an account, you will need to deposit funds to buy QTUM with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy QTUM:
Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase QTUM by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for QTUM on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Qtum?
The easiest way to buy QTUM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying QTUM, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Qtum has been performing recently.
Best Qtum wallets to store your QTUM
You can keep your QTUM on the exchange you purchased it on, or move it to a personal wallet:
Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your QTUM below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Qtum a good investment?
Before purchasing or holding any crypto, it's essential that you're fully aware of all the risks involved.
If you're thinking of buying QTUM, first make sure you consider the following:
Real-world uses: The popularity and widespread use (or otherwise) of the Qtum platform will be crucial to determining the value of the QTUM cryptocurrency. There are potential real-world applications for Qtum across a variety of industries, including mobile telecommunications, counterfeit protection, finance, logistics and manufacturing. The level of adoption the platform sees will play a major role in the project's success going forward.
dApps: Much of Qtum's potential lies in the ability to host dApps that are interoperable with Bitcoin and Ethereum protocols. More than 20 dapps have already been launched on the Qtum network, including Energo, Qbao and BeeChat.
Partnerships: Qtum secured a commercial partnership with Starbucks, allowing the use of cryptocurrency to pay for coffee and food at the popular chain. It has also joined forces with China's 360 Finance to create a blockchain technology laboratory and Baofeng Bokocloud to create a blockchain consensus network service.
Today's Qtum price versus ATH
Compare today's price of Qtum ($3.57 USD) against its all-time-high price of $100.22 USD on 06 January 2018. The closer the bar is to 100%, the closer QTUM is to reaching its ATH again.
Qtum's price: $3.57 USD ATH date: January 06, 2018
3.56%
Qtum ATH: $100.22 USD
How to trade, convert or sell Qtum
You can convert or sell your QTUM with the same exchange you bought it through:
Disclaimer: Cryptocurrencies, including Qtum, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of QTUM is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Qtum or any other cryptocurrency discussed.
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