A Step-by-Step-Guide on how to buy Qtum (QTUM)
Step 1 – Signup to Kraken You will first need to buy one of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Qtum (QTUM) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Qtum (QTUM) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can begin buying and trading. To buy Qtum (QTUM) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to spot Qtum (QTUM), you will need to insert the short name of the asset (QTUM) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this too. Click on “QTUM/BTC” to continue.
Step 4 – Buy Qtum (QTUM) After you've spotted Qtum (QTUM), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled with the most latest rate Qtum (QTUM) was sold for. This can be changed to your favoured price. The ”Amount” field is the amount of QTUM you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete quantity of QTUM. When you're glad, make a mouse click on “Buy QTUM”. Your order will be filled when a Vendor sells their QTUM for the price you submitted.
Step 5 – Withdraw Qtum (QTUM) Unless you are frequently trading, never keep your coins on an Crypto Exchange for an longer time frame. To withdraw your Qtum (QTUM), go to the ”Funds” tab and click on “Withdraw”. Qtum (QTUM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Qtum (QTUM) by using the provided drop-down box. Enter the quantity of Qtum (QTUM) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.