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How to buy, sell and trade Qtum (QTUM) in Australia

Read our guide to the Qtum platform, the QTUM cryptocurrency and how you can trade it in Australia.

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.

QTUM is the native token of the network, so keep reading for more details on the uses for this token and how to buy QTUM in Australia.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy QTUM

You can buy QTUM on a wide variety of popular cryptocurrency exchanges, including the following:

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
BPAY
Cash
Cryptocurrency
POLi
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG, SKY, NAS, LINK, GO & over 100+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Cash
Cryptocurrency
Electronic Funds Transfer
POLi
AUD
BTC, ETH, BCH, EOS, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, &21 more
Buy 30+ cryptocurrencies using POLi, cash or Electronic Funds Transfer.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
Faster Payments Service
GBP, EUR, USD, CAD, SGD, AUD, JPY, MXN
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Cryptocurrency
Wire transfer
USD, EUR, GBP, JPY
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, XTZ, CNN, BOX, GOT, TKN, UTN
Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform. A minimum opening deposit of US$10,000 or cryptocurrency equivalent applies.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, & 75+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Huobi Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, & 78+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency
Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH, WAVES, WTC, ITC, LINK
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
OKEx Cryptocurrency Exchange
Bank transfer
Cryptocurrency
WeChat
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Kraken Cryptocurrency Exchange
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ADA, QTUM, ETC, XMR, DASH, LTC, XRP, XLM, REP, MLN, ZEC, USDT, GNO, EOS, BSV
Disclaimer: Highly volatile investment product. Your capital is at risk.
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or wire transfer.
Liquid Cryptocurrency Exchange & Margin Trading
Liquid Cryptocurrency Exchange & Margin Trading
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
Swapforex
AUD, EUR, JPY, USD, SGD
BTC, CRPT, ETH, XRP, BCH, NEO, QTUM, QASH, ETN, LIKE, EARTH, MRK, and 40+ more
Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, & 54+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Livecoin Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, & 146+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
CryptoBridge Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, & over 44+ more
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
Bleutrade Cryptocurrency Exchange
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, & 32+ more
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, & 128+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Cryptocurrency
-
BIX, ETH, BTM, BTC, LBA, FSN, HPB, BOT, BTO, SXUT, EOS, GNX, QTUM, KICK, POA, MOT, BCH, & 24+ more
Trade crypto to crypto with a choice of over 60 currencies on this global exchange based in China.
Alipay
Bank transfer
Cash
Cryptocurrency
Neteller
PayPal
WeChat
Western Union
None
BTC, ETH, EOS, LTC, TRX, DASH, ZEC, LSK, DOGE, DGB, ARK, BCHSV, QTUM, TUSD, and 85+ others
A global crypto exchange with OTC services based in Hong Kong that supports over 100+ cryptocurrencies.
Cobinhood Cryprocurrency Exchange
Cobinhood Cryprocurrency Exchange
Cryptocurrency
-
BTC, ETH, USDT

Compare up to 4 providers

A step-by-step guide to buying QTUM

If you want to buy QTUM, read on to find out how you can do it.

Step 1. Register for an account with an exchange that allows you to buy QTUM

To get started, search for an exchange that lists QTUM in one or more currency pairings. You’ll then need to sign up for an account by entering your email address and creating a password.

Many exchanges will require your full name, contact details and a valid form of photo ID before you can deposit funds and start trading. We also recommend enabling two-factor authentication on your account for an added layer of security.

Step 2. Deposit funds into your account

Many cryptocurrency exchanges don’t allow the direct exchange of fiat currency, such as Australian dollars (AUD), for QTUM. As a result, you will often have to first acquire a crypto that’s listed in a currency pairing with QTUM, for example Ether (ETH) or bitcoin (BTC), and then exchange it for QTUM.

However, CoinSpot is one exchange that allows you to trade AUD for QTUM. You’ll need to click the “Deposit AUD” link from your account dashboard and then specify the amount of AUD you want to deposit. You also have the option to deposit cash into your account at a newsagency via blueshyft.

Step 3. Buy QTUM

Now it’s time to click through to the markets section of your chosen exchange and search for your desired currency pairing. If you’re using CoinSpot, click on the “Buy/Sell” link at the top of the page and then search for “QTUM”. Click on “Buy QTUM” and you’ll be given the option to either enter the amount of AUD you want to spend or the number of QTUM you want to buy.

Before confirming your purchase, make sure you review the full details of the transaction and that you’re happy with the total cost.

How to sell QTUM

If you want to sell your QTUM holdings, you’ll need to complete a similar process to that outlined in step 3, but with the key difference that you’ll need to look for the “Sell QTUM” link in CoinSpot. It’s also important to remember that it often won’t be possible to directly exchange QTUM for the currency you want.

Which wallets can I use to hold QTUM?

Unless you’re preparing to place a trade, storing cryptocurrency in an account based on a cryptocurrency exchange is not recommended for security reasons. Instead, it’s generally much safer to store QTUM in a secure wallet.

There are several wallet options you can use to store QTUM, including the following:

  • Desktop wallets. The official Qtum Core wallet is available for download for Mac, Windows and Linux operating systems, while you can also access the Qtum Electrum wallet for Mac and Windows from the same link.
  • Mobile wallets. You can download the official Qtum Core app for Android and iOS devices or choose to use the Qbao or Bitpie apps.
  • Web wallet. The Qtum web wallet is available online.
  • Hardware wallet. If you prefer the security of offline storage in a hardware wallet, Qtum directs users to the Ledger Nano S.

How the Qtum platform works

Developed by the Singapore-based Qtum Foundation, Qtum is a hybrid blockchain application platform designed to bring together the best parts of the bitcoin and Ethereum projects and to facilitate interoperability between the two. 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.

The network is also built on bitcoin’s UTXO transaction model, but uses proof-of-stake consensus that randomises the creator of every new block on the chain. This is designed to create faster transactions and lower fees as well as to remove the need for mining.

Dapps built with Qtum are designed to be compatible with other major blockchain ecosystems and to support mobile and Internet of Things devices.

The Qtum Foundation also aims to build a range of other products and services designed to help link businesses with blockchain technology. These include smart contract templates for specific business use cases and tools to facilitate the fast creation of dapps.

QTUM is the native token of the Qtum network, and tokens are required to use Qtum apps and the Qtum blockchain. A token crowdsale was held in March 2017 and raised US$15 million in five days, resulting in the distribution of 51 million QTUM.

To find out more about the Qtum platform, check out our guide on QTUM for beginners.

Key things to consider if you’re thinking about buying QTUM

All cryptocurrencies are complicated, volatile and highly speculative, and there are many different factors that can influence their value. 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:

  • Supply. According to CoinMarketCap, at the time of writing (14 February 2018) the circulating supply of QTUM was 73,879,756 out of a total supply of 100,379,756 QTUM.
  • Distribution. Approximately 51%, or 51 million QTUM, were distributed following the crowdsale, with the remaining tokens to be used as follows:
    • 20% to Qtum Foundation initiators, early backers and the development team
    • 20% for business development
    • 9% for academic research, education and market expansion

Additionally, according to the company’s white paper, 100% of the tokens will ultimately be allocated to the community so that Qtum can become a truly open-source community. Other factors you might want to research include the following:

  • White paper. If you want a more detailed explanation of how the Qtum platform works, you can check out the white paper.
  • 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; however, the level of adoption the platform will achieve remains to be seen.
  • Dapps. More than 20 dapps have already been launched on the Qtum network, including Energo, Qbao and BeeChat.
  • Commercial partnerships. Qtum recently secured a commercial partnership with Starbucks, the exact nature of which is currently unknown. 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.

Researching the above and other factors affecting QTUM’s value will help you make an informed decision about purchasing.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

Tim Falk

Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.

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