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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.

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We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

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.
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Quick guide: How to buy QTUM

  1. Register for an account with a cryptocurrency exchange like Swyftx.
  2. Verify your account.
  3. Go to the deposits section
  4. Select your preferred payment method and confirm.
  5. Go to the buy section and select the cryptocurrency you want to buy.
  6. Enter how much you want to buy, or how much you want to spend.
  7. Double check the details and confirm your purchase.
Go to Swyftx's site

This is our quick guide to just one way to buy QTUM. Compare some other options in the table below.

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 Cryptocurrencies
BPAY,Cash,POLi,PayID
AUD

196
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 150 cryptos.
Bank transfer,POLi,Osko,PayID
AUD

177
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Credit card,Cryptocurrency,Debit card,Osko,PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 23+ more

204
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Bank transfer (ACH),PayPal,Bank transfer (SEPA),SWIFT,Xfers,Credit or Debit Card
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

66
cryptocurrencies

Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Cash,Cryptocurrency,Electronic Funds Transfer,POLi,PayID
AUD

106
cryptocurrencies

Buy 100+ cryptocurrencies using POLi, cash or Electronic Funds Transfer.
Credit card,Bank transfer (SEPA),SOFORT,SWIFT,Fedwire
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

43
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card,Cryptocurrency
USD, EUR, AUD, CAD, CHF, CZK, DKK, GBP, HUF, ILS & 20+ more

115
cryptocurrencies

Trade various coins through a global crypto to crypto exchange based in the US.
Cryptocurrency
USD, EUR, GBP, JPY

164
cryptocurrencies

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.
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
HitBTC Multi-currency Exchange
HitBTC Multi-currency Exchange
Bank transfer (SEPA),SWIFT
USD, EUR

212
cryptocurrencies

Buy crypto with fiat (USD/EUR) and trade over 150 other digital assets on this Europe-based exchange platform.
Credit card,Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Cryptocurrency
EUR, GBP

111
cryptocurrencies

Trade crypto to crypto with a choice of over 100 currencies on this global exchange based in China.
Credit card,Cryptocurrency,Debit card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

210
cryptocurrencies

Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE

234
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Indacoin Cryptocurrency Exchange
Credit card,Debit card
USD, EUR, RUB

158
cryptocurrencies

Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
Liquid Cryptocurrency Exchange & Margin Trading
Credit card,Cryptocurrency,Debit card,Bank transfer (SEPA),Swapforex
AUD, EUR, JPY, USD, SGD, PHP, HKD

132
cryptocurrencies

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.
AdvCash,Bank transfer,Cryptocurrency,Debit card,Payeer
USD, EUR, GBP, RUB, PLN, TRY, UAH, KZT

53
cryptocurrencies

A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
Bithumb Cryptocurrency Exchange
Cryptocurrency,Wire transfer
KRW

103
cryptocurrencies

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, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

269
cryptocurrencies

Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Bitit Cryptocurrency Marketplace
Cash,Credit card,Debit card,Neosurf,Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Bittrex Digital Currency Exchange
Cryptocurrency,Wire transfer
USD

278
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
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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.

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