Built upon the Bitcoin transaction model with combination of an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum (Quantum) represents a Turing-complete blockchain stack to execute smart contracts and decentralized apps. You can perform Qtum exchange on our website, BestRate.org. Qtum unites reliability of blockchain together with numerous possibilities of smart contracts. The applications that can be built upon Qtum can be used for business purposes and are compatible with major blockchain ecosystems. At the same time, they can also be used on mobile devices and IoT appliances.
The project uses a PoS consensus protocol and is fueled by QTUM tokens.
How to buy Qtum
Choose the cryptocurrency that you want to exchange for Qtum and put in the amount.
Select the best Qtum rate to make the transaction for Qtum exchange.
Put in your Qtum wallet address. Copy the address provided by BestRate.org. After that the transaction will be created and processed with its status displayed on your screen.
How to sell Qtum
Select the digital currency you want to buy with Qtum, put in the amount and repeat the process described above to exchange cryptocurrency.
BestRate.org provides you with the best Qtum exchange rates so that you could maximize your profits.
What is QTUM
QTUM (read Quantum) is a Chinese hybrid platform connecting existing blockchain network with a virtual machine, like it is used in Ethereum. This platform allows developers to create smart contracts on the Ethereum basis. QTUM platform is a special instrument for the blockchain developers, helping them to create smart-contracts easily.
It can be used as a secure and trustable platform, where developers can create smart contracts compatible with almost every blockchain-based network.
The main purpose of the platform is to change the way applications’ data can be stored and used nowadays. QTUM developers suggest businesses to keep the databases for their cloud based applications as the chains in the blockchain network.
QTUM is also the name of the cryptotoken of the project. It can be exchanged, traded or kept on the wallets like any other cryptocurrency on the market.
Advantages of using QTUM
If a business develops a new website or an application its data should be kept on servers of the company. In terms of servers’ architecture and hackers vulnerability there is no difference whether the database is stored on one server or several. The QTUM platform allows businesses to create blockchain-based decentralised databases for the apps.
The QTUM platform supports scenery-oriented language allowing users to create smart contracts easily. It is also compatible with Ethereum smart contracts’ formats.
UTXO model of Bitcoin, light transaction verification algorithm, is supported by the QTUM by default. As a result, you can use smart contracts on any device including smartphones.
So the blockchain-based networks can now work on mobile phones.
Nowadays there are a lot of cryptocurrencies and tokens on the market. All of them are cryptoassets, as they are cryptographically secured and can be exchanged, transferred and bought and sold using blockchain technology. The first well-known cryptoasset is Bitcoin.
Special platforms, websites or marketplaces where you can exchange cryptoassets are called Exchanges.
A special computer that has the whole copy of the blockchain database is called a Node.
Every coin has its market capitalisation. It is the US dollar equivalent of the total amount of these coins, distributed on the market.
QTUM investment strategy
There are lots of strategies to invest in cryptoassets. Everyone can select exactly what he or she is up to. Long-term savings can be a good strategy leading to prosperous future. Otherwise, the more risky will be to buy and sell cryptotokens in order to have short term profits.
The easiest strategy is to buy and keep your cryptoassets for a while. You can buy QTUM and watch it grow, as the community progresses. When it grows and you would like to fix the profits, you can easily switch QTUM to fiat money or other coins you like via BestRate.org.
Where to keep QTUM
QTUM developers have created the Qtum Core – special official wallet app, available on any platform.
Ledger hardware wallets also can be used to store QTUM tokens offline. If you have huge amount of tokens it is always more safe to use hardware wallets instead of online solutions.
How to transfer QTUM securely
As any crypto payment is a peer-to-peer money transferring, one should be extremely careful entering wallet address. There are some tips, that will help you to transfer QTUMs safe.
Never type a wallet address manually
Always use only copy-paste operation to enter a wallet address. Any mistake can cause an error and let your money get lost in the network.
Look up the transaction fee
Any good wallet or an exchange platform will show you the transaction fee for your money transfer. Look for it anytime you send QTUM to anyone.
Double check the address
Make sure that the address of the recipient is correct and check it several times before sending off the sum, especially if you transfer big amounts of QTUM at a time.
Test before sending
Anytime you send huge amount of QTUM check the whole procedure on a small amount. When you will be sure that your partner received the money, do the same thing with the rest of the asset.