How to buy Quantstamp (QSP) in Australia
Learn how to buy Quantstamp (QSP) on 9+ crypto exchanges in our step-by-step guide.
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You can buy Quantstamp (QSP) on a cryptocurrency exchange like Digital Surge. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Quantstamp is a smart contract security-auditing protocol designed to find vulnerabilities in Ethereum smart contracts. Here's how to buy Quantstamp.
How to buy Quantstamp in 4 easy 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 exchangesThe easiest way to buy Quantstamp 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 depositOnce verified, you can deposit $ using the payment method that best suits you – bank transfer, cryptocurrency, POLi and Osko payments are widely accepted.
- Buy Quantstamp You can now exchange your funds for Quantstamp. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Quantstamp to your personal wallet.
Where to buy Quantstamp in Australia
Find an exchange to buy, sell and trade QSP by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How do I find the best places to buy Quantstamp?
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 Quantstamp?
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 Quantstamp.
- 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 QSP 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.
Where can I buy Quantstamp with a credit or debit card?
Once you've created an account, you will need to deposit funds to buy QSP with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy QSP on the following exchanges:
- 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 QSP by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for QSP on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Quantstamp?
The easiest way to buy QSP 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 QSP, 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 Analysis tools to get an idea of how the price of Quantstamp has been performing recently.
Best Quantstamp wallets to store your QSP
You can keep your QSP 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 learn more about wallets and compare them with our comprehensive guide.
Is Quantstamp a good investment?
Cryptocurrencies are complex and speculative, so you’ll need to be fully aware of all the risks involved before buying any cryptocurrency. If you’re thinking of purchasing QSP, make sure you consider the following factors first:
- Market competition. Smart contract development and auditing is a very common goal for companies within the blockchain sector, as smart contracts are seen as the key to advancing crypto-tech mainstream. For starters, QSP's protocol is open source and can easily be appropriated by competitors. Other players in smart contract security include Etherblue and Hacken.
- Risk of failure. Quantstamp's software, and the success of the company, is predicated on identifying weaknesses and insecurities within smart contracts. If a contract they audited were hacked or exposed, it would have a massive impact on trust and desire for the Quantstamp software. This would negatively affect the price of QSP tokens.
- Use-case. Quantstamp tokens are essential to pay for Quantstamp’s verification services, and any user who wants a smart contract verified will need to pay QSP. QSP is also used to reward those who provide verification, as software developers receive QSP for contributing software that verifies Solidity programs, while people who run Quantstamp validation nodes get QSP tokens in return. Finally, those who find bugs in smart contracts are rewarded in QSP.
Additional information about Quantstamp can be found using our QSP analysis tools.
Today's Quantstamp price versus ATH
Compare today's price of Quantstamp ($0.02231168 USD) against its all-time-high price of $2020-03-13T02:29:27.044Z USD on 01 January 1970. The closer the bar is to 100%, the closer QSP is to reaching its ATH again.
ATH date: March 13, 2020
Quantstamp ATH: $0.780237 USD
How to trade, convert or sell QuantstampYou can convert or sell your QSP with the same exchange you bought it through:
- Sign in to the exchange you have QSP on.
- If you store your Quantstamp in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of QSP you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Quantstamp.
- Complete your transaction and move your QSP to a wallet for storage.
Disclaimer: Cryptocurrencies, including Quantstamp, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of QSP 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 Quantstamp or any other cryptocurrency discussed.
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