How To Buy Quant (QNT)?

A common question you often see on social media from crypto beginners is “Where can I buy Quant?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy Quant on most cryptocurrency exchanges, including Coinbase and Binance in 3 simple steps.

Step 1: Create an account on an exchange that supports Quant (QNT)

First, you will need to open an account on a cryptocurrency exchange that supports Quant (QNT).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Quant (QNT) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Quant (QNT)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Quant (QNT) or Quant (QNT) trading pairs. Look for the section that will allow you to buy Quant (QNT), and enter the amount of the cryptocurrency that you want to spend for Quant (QNT) or the amount of fiat currency that you want to spend towards buying Quant (QNT). The exchange will then calculate the equivalent amount of Quant (QNT) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Quant (QNT) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

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What Is Quant (QNT)?

The project falls squarely into the interoperability solutions category of blockchain platforms. It’s designed to help bridge the gap between various different blockchains and enterprise software using a simple plug-and-play solution that doesn’t require teams to deploy any new infrastructure.

Who are the founders of Quant?

What is the Quant Token?

For one, developers and enterprises need to purchase licenses to use the platform. This is paid to the Quant treasury in fiat currency and is then used to purchase QNT tokens, which are then locked for 12 months in layer 2 payment channels. Users also need to pay an annual fee in QNT tokens for running a gateway. In return, they receive a cut of the transaction fees going through their setup.

What Makes Quant Unique?

Quant aims to help enterprises to streamline their workflows and improve efficiency through the integration of blockchain technology. The platform incorporates a number of unique features that help distinguish it from the competition out there. While blockchain and distributed ledger technologies manage to find an increasing number of use cases, they still lack seamless interoperability, both among the internal ledgers and external networks. Quant is supposed to bridge this gap as a blockchain’s “missing link”. Overledger is supposed to provide any network used for a particular purpose with a gateway to all other blockchains, not unlike a “magic” portal with a functional interface. The same goes for supporting communication between every application within the ecosystem with the desired blockchain. At the same time, interoperability is not limited to transferring value between blockchains as it also covers the exchange of messages and data by adding a hash of a message to the metadata of any transaction. Without being forced to add another blockchain, the users can rely on the trust and security of the source chain.

Quant is Blockchain-Agnostic

Quant is designed to provide an interoperability solution that works with any existing distributed ledger, regardless of its architecture and individual properties. Likewise, Quant’s Overledger DLT Gateway can be easily integrated into legacy financial infrastructure, allowing developers to easily leverage the capabilities of different blockchains using a REST API.

Quant development updates in 2023

Quant (QNT) has made significant strides in 2023, marking notable developments in the blockchain industry. Here’s an overview of the most important updates for Quant:

• Enhanced Interoperability: A key achievement for Quant in 2023 has been the enhancement of interoperability among various blockchain systems. This was facilitated by the Overledger API, allowing different blockchains to connect seamlessly and enabling the creation of multi-DLT smart contracts and mDApps that operate across multiple blockchains, a feature that was previously unavailable.

• Overledger 2.0.5 Release: Another major milestone was the release of Overledger 2.0.5. This update brought significant improvements by bridging Stablecoin, NFT, and DeFi ecosystems with blockchain payments. It supports over 25 digital assets for ERC20 token production and various assets for ERC20 Sandbox and ERC721 production, along with introducing the Overledger Payment API for transactions and settlements between digital asset types.

• Quant Utility and Governance Token: In 2023, the QNT token continued to serve a dual purpose within the Quant ecosystem, functioning both as a utility and a governance token. Built on the Ethereum Blockchain as an ERC-20 token, QNT offers the flexibility to switch to any blockchain, facilitating access to Quant network applications and execution of essential tasks.

• Market Performance and Demand: Despite market volatility, Quant showed resilience and demand growth in 2023. The QNT currency experienced significant recovery from its lower value in the previous year, highlighting the market’s recognition of the potential and utility of the Quant network and its token.

• Coinbase Listing and Price Rally: Quant’s listing on Coinbase was a major catalyst, propelling its price to new heights. The listing expanded QNT’s accessibility to a wider demographic, resulting in a significant price rally and a new all-time high of $104.41. Despite bearish market sentiments, QNT saw a 125% increase over a week, indicating strong market confidence in the token.

• Future Developments and Community Engagement: Quant is focusing on encouraging financial institutions to leverage blockchain infrastructure. The team’s participation in key industry events and its ongoing development efforts are indicators of its commitment to fostering a robust ecosystem. The community surrounding Quant, though not as large as some other crypto projects, demonstrates high levels of engagement and dedication.

These developments mark significant milestones in Quant’s journey, reflecting its commitment to improving blockchain interoperability, market performance, and overall utility within the crypto ecosystem​​​​​​​​​​.

Official website:  https://www.quant.network/

Best cryptocurrency wallet for Quant (QNT)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Quant (QNT)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).