How to buy, sell and trade QuarkChain (QKC)

Read our beginner’s guide to buying and selling QuarkChain tokens (QKC) in Australia.

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A lack of scalability is perhaps the biggest obstacle standing between blockchain and mainstream adoption, and there’s a long list of crypto projects focused on solving this widespread problem.

QuarkChain is one such project. Billed as a high-capacity, peer-to-peer transactional system, QuarkChain is a high throughput blockchain with the ambitious goal of achieving hundreds of thousands of on-chain transactions per second.

QuarkChain’s native token, QKC, was launched during a May 2018 ICO and is needed to transact value in the QuarkChain system and reward miners. If you want to know how and where to buy QKC tokens, keep reading.

Learn more Buy QKC

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.

Quick guide: How to buy QKC

  1. Register for an account with a cryptocurrency exchange like CoinSpot.
  2. Enable 2-factor authentication.
  3. Verify your account.
  4. Click “Deposit AUD”.
  5. Transfer funds into your account.
  6. Click “Buy/Sell” at the top of the screen.
  7. Search for the cryptocurrency you want and click “Buy”.
  8. Enter the amount you want to buy, or the amount of AUD you want to spend.
  9. Review the transaction details.
  10. Click “Buy”.
Go to CoinSpot's site

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

Where to buy QKC

QuarkChain is listed on the following crypto exchanges:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID


CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID


Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID


Promo: New users earn up to USD 100 in bonus rewards on qualified deposits and trades. Valid till 31 December 2021. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID


Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking


Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Buy 160+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly. Cryptocurrency Exchange


Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Bithumb Cryptocurrency Exchange


A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
IDEX Cryptocurrency Exchange


A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.

Compare up to 4 providers

A step-by-step guide to buying QKC

If you want to buy QKC tokens, you can do so by following a few simple steps:

Step 1. Register for an account with an exchange that lists QKC

Compare the fees and features of the different crypto exchanges that list QKC in one or more currency pairs, and choose the platform which is the best fit for your trading needs. You can then sign up for an account by providing your email address and password, while many platforms will also require you to supply additional personal information and proof of ID in line with Know Your Customer and Anti-Money Laundering (KYC/AML) requirements.

If your exchange supports 2-factor authentication, don’t forget to also turn on this feature.

Step 2. Deposit funds into your account

There’s currently no way to exchange Australian dollars directly for QuarkChain tokens. As a result, you’ll need to first acquire a digital currency that’s listed in a trading pair alongside QKC, such as bitcoin (BTC) or ether (ETH), and then exchange it for QKC. Please note that if you need help acquiring either of these currencies, check out our how to buy BTC and how to buy ETH guides.

To deposit funds into your exchange account, look for the “Deposit” link and then copy the relevant wallet address. For example, if you’re using Binance, click on “Funds” and then select “Deposits”. Select the currency you want to deposit, either BTC or ETH, and copy the wallet address or scan the QR code before transferring the necessary funds.

Step 3. Buy QKC

The final step is to navigate to your platform’s exchange or markets page and place a trade. For example, if you’re using Binance, click “Exchange” and select either the “Basic” or “Advanced” view. Search for the pair you want to trade, such as “QKC/ETH”, and specify whether you want to place a Limit, Market or Stop-Limit Order.

After entering the amount of QKC you want to buy, make sure to review the full transaction details before you click “Buy QKC”.


How to sell QKC

If you want to sell your QKC tokens, you’ll need to follow a similar process to that outlined in Step 3. However, once on the trading page of your chosen crypto exchange you’ll need to look for the “Sell” box rather than the “Buy” field. It’s also worth remembering that QKC is only paired alongside a limited range of coins and tokens, so you may not be able to immediately exchange your tokens for the currency you want.

Which wallets can I use to hold QKC?

For security reasons, it’s recommended that you move your tokens away from an exchange and store them in a secure, private wallet.

QKC tokens are ERC20 tokens on the Ethereum network. As such, they can be stored in any wallet that’s compatible with these types of tokens. Examples include hardware wallets like the Ledger Nano S and TREZOR, or the MyEtherWallet web interface.

Find out more about cryptocurrency wallets in our 101 guide.

How QuarkChain works

Bitcoin and Ethereum’s scalability problems have been well publicised, and producing a blockchain that can scale effectively while still remaining secure and decentralised has become something of a holy grail for many crypto projects.

QuarkChain’s solution to the problem is based on a two-layer architecture and employs sharding. The first layer features elastic sharding blockchains (shards), which partition large databases into smaller and more manageable components and allow transactions to be processed independently. The more shards there are in the network, the more transactions can be processed concurrently.

The second layer is the root chain. The role of this layer is not to actually process transactions but to confirm blocks from the sharded chains. The end result, according to the whitepaper, is “a secure, decentralised and scalable blockchain solution to deliver 100,000+ on-chain transactions per second.”

The aim is for QuarkChain to be able to support a wide range of dapps, particularly those requiring high transaction rates, such as the Internet of Things (IoT), artificial intelligence and large-scale games. QuarkChain also supports smart contracts to ensure compatibility with existing dapps.

What to consider if buying QKC

Cryptocurrencies are complicated and volatile assets, and there are myriad factors that can influence their price movements. With this in mind, it’s important to complete a careful and balanced assessment of any crypto project before deciding whether to buy in.

If you’re thinking of purchasing any QKC, remember to consider the following:

  • Supply. The total supply of QKC tokens is capped at 10 billion, which are to be distributed as follows:
    • Token sale 20%
    • Team 15%
    • Advisors 5%
    • Foundation 15%
    • Mining, community and marketing 45%
  • Use. QKC tokens are used to store value and perform transactions on the QuarkChain network. As QuarkChain is a proof-of-work currency, QKC can also be mined
  • Price volatility. When QKC tokens were listed on Binance in early June 2018, the exchange also published a risk warning advising traders of the possibility of “extreme price volatility”. This was due to the fact that only 3.61% of the total supply of QKC tokens were in circulation. Users were warned to exercise caution when trading QKC pairs.
  • Future supply. The above post from Binance also featured details of the future circulating QKC supply according to the QuarkChain team:
    • 4 June 2018: 360,888,888 QKC (3.61% of total supply)
    • 4 July 2018: 770,500,000 QKC (7.71% of total supply)
    • 4 August 2018: 1,069,000,000 (10.69% of total supply)
    • 4 September 2018: 1,337,142,857 (13.37% of total supply)
    • 4 October 2018: 1,518,976,190 (15.19% of total supply)
    • 4 November 2018: 1,921,309,524 (19.21% of total supply)
    • 4 December 2018: 2,293,285,714 (22.93% of total supply)
  • Early days. QuarkChain is a new project that’s still in its infancy. Though the prospect of 100,000+ transactions per second sounds wonderful, it’s not yet known whether or not QuarkChain will be able to deliver on this promise. The launch of its mainnet, scheduled for Q4 2018, will be a crucial stage in the project’s development.
  • Token swap. When the QuarkChain mainnet is launched, the current ERC20 QKC tokens will be converted to mainnet QKC tokens through a pre-mining process. Future QKC tokens will then be produced by mining.

Consider these and a range of other factors before deciding whether or not you should buy any QKC.

Image source: Shutterstock
Disclosure: At the time of writing the author holds ADA, IOTA and XLM.

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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