Quant (QNT) is the 78th largest cryptocurrency by market cap, valued at US$1,055,397,225.
Quant is a highly volatile asset capable of major price swings in a single day. Today QNT is trading for $72.6 USD, which is higher than yesterday's trading price of $71.32 USD. Over the past year, Quant's price has seen a decrease of -29%.
So before you buy Quant, 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 Quant.
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 Quant 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 Quant 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 Quant
You can now exchange your funds for Quant. On beginner-friendly exchanges, this is as simple as entering the AUD or QNT amount you want to purchase and clicking "buy".
Secure your Quant
Consider transferring your QNT 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 Quant in
Australia
Find an exchange to buy, sell and trade QNT 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 Quant guide up-to-date
QNT price data is regularly updated through data feeds so you always have the latest information.
What is Quant?
Quant aims to tackle the problem of blockchain interoperability. Launched in 2018 and headquartered in London, this project aims to allow for simple and cost-effective interaction and engagement between distributed ledger networks around the world. The company has developed a product known as the Overledger DLT Gateway. Designed for enterprise use, Overledger DLT allows interoperability between different systems, networks and distributed ledgers. Developers can also use Overledger to create mDapps, which are decentralised applications that can be used across multiple distributed ledgers rather than being restricted to just one blockchain. In order to access the Overledger DLT platform, users and developers need to have QNT tokens. QNT is an ERC-20 token on the Ethereum network and is used to pay network fees.
How do I find the best places to buy Quant?
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 Quant?
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 Quant.
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 QNT 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 Quant?
Once you've created an account, you will need to deposit funds to buy QNT 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 QNT:
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 QNT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for QNT on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Quant?
The easiest way to buy QNT 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 QNT, 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 Quant has been performing recently.
Best Quant wallets to store your QNT
You can keep your QNT 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 QNT below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Quant a good investment?
Cryptocurrencies are complicated and speculative assets, so be aware that buying and selling cryptocurrency is highly risky. You'll need to understand all of the risks involved, plus thoroughly research any coin or token, before you decide to buy. If you're thinking of buying any QNT, some of the factors you may want to consider first include:
Supply. The total supply of QNT tokens is capped at 14.6 million. According to CoinMarketCap data at time of writing (April 2021), 83% of those tokens are currently in circulation.
Competitors. Interoperability between blockchains is one of the barriers to the widespread adoption of blockchain technology. However, there are several notable companies trying to tackle the problem, so be sure to research all of them before deciding whether you should buy any QNT.
What the future holds. As with any other crypto project, trying to predict what the future holds for Quant involves a fair bit of guesswork. While the fact that the team has already developed the Overledger DLT Gateway may be looked upon as a positive sign, whether or not Quant can attract a high level of development activity from the business world remains to be seen.
Today's Quant price versus ATH
Compare today's price of Quant ($72.6 USD) against its all-time-high price of $427.42 USD on 11 September 2021. The closer the bar is to 100%, the closer QNT is to reaching its ATH again.
Quant's price: $72.6 USD ATH date: September 11, 2021
16.99%
Quant ATH: $427.42 USD
How to trade, convert or sell Quant
You can convert or sell your QNT with the same exchange you bought it through:
Disclaimer: Cryptocurrencies, including Quant, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of QNT 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 Quant or any other cryptocurrency discussed.
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