How to Buy Quant - a Beginner’s Guide
Looking to buy Quant (QNT)? We’ve put together this handy guide to help you get started. Below, we’ll discuss how to purchase QNT on a broker or exchange and offer some perspective on the long and short-term prospects for the coin.
The Quant Network aims to connect private networks with public blockchains. This process will connect blockchain projects on the Ethereum network to networks operated by businesses, enterprises, and governments. From the Quant website: “we’re building on this platform to help enterprises, governments, and individuals, across the globe benefit from the true potential of an incredibly powerful technology.”
Read ahead to learn more about how beginners can pick up a bag of QNT and gain familiarity with its features, learn simple trading strategies, and more.
Our Quick Tutorial to Buy Quant with your Favourite Payment Method
Step 1: Sign-Up
Step 2: Make your First Deposit
Once your account is set up, you can go to "Deposit" and follow the instructions to fund your account with your payment method of choice . Enter the amount you want to deposit (beginners normally start with lower amounts), follow the steps and check your new account balance.
Step 3: Buy Quant!
5 Quick Steps to Buy Quant
1. Sign up to a broker or exchange
First, think carefully about what exchange or broker is the best fit for your level of experience. Once you’ve decided and weighed the options, sign up for an account on a broker or exchange by clicking the "Join Now" button (or something similar) and filling out some basic information, such as your first and last names, email address, phone number, and your username. Facebook and Google accounts can also be used to expedite the sign-in procedure.
2. Fill out the questionnaire
Providing some personal information and a few questions will be necessary when signing up for a new exchange. A form of identity, such as a passport or driver's license, may be required. As exchanges and brokers are formally regulated by financial institutions, this step must be completed.
3. Navigate to ‘Deposit’
Prior to making any cryptocurrency purchases, you'll need to load up your wallet with fiat money from your bank. Navigate to the 'Deposit' area of your exchange or broker to achieve this. You'll be able to add money to your account and get ready to buy QNT after this step.
4. Follow the simple steps to link your payment
You'll need to submit your payment method data into the broker or exchange just like any other online retailer. Once you've completed this step, you'll be able to buy any cryptocurrency with your fiat cash. In order to fund your account, you must select a payment method. In addition to PayPal, all major debit and credit cards will be accepted.
5. Enter the amount you want to deposit
The search function of your exchange or broker is where you'll find Quant. Quant's page on the exchange or broker should include a 'Buy' button that you'll click on. When you buy Quant, you'll receive an amount of QNT equal to the deposit you made. Don't risk more than you can afford to lose when investing in cryptocurrencies.
Where to buy Quant
Quant is available for purchase on eToro, one of our recommended partners. It's also available on the popular exchange Binance. The following table lists the top places to buy QNT. You can purchase, trade, and sell cryptocurrencies with ease using the following sites for entry-level investors.
Payment methods you can use to buy Quant
Currently, Quant is available for buy on the exchanges we've mentioned above. To purchase QNT, you can use one of the following methods:
PayPal: is a safe and convenient way to make online purchases and send and receive money. Once you link your bank account, credit card, or debit card to your PayPal account, you may use it to make transactions on partner platforms. PayPal is widely accepted as a method of depositing funds into your bitcoin account on most major exchanges.
Credit/Debit card: Using a debit or credit card is the most common way to finance an exchange or broker to make a Quant buy. You may use a credit or debit card to convert your fiat cash into cryptocurrency at any reputable crypto exchange or broker.
Buying vs. Trading Quant
Buying and trading Quant are considerably different practices due to the strategies involved. Many crypto-enthusiasts advocate for simply buying and holding a coin like Quant to maximize returns over a long period of time. Others prefer trading strategies that analyse market trends closely to determine the best time to sell or buy back. Entry-level investors should consider holding their QNT for as long as possible before engaging in short-term trading, as it can pose a risk to your investment.
How to Trade Quant
In cryptocurrency trading, the concept of technical analysis is important to understand and research before trying out short-term trading. Even seasoned traders struggle with predicting the volatile nature of cryptocurrency markets. With that in mind, let’s review some of the fundamentals of technical analysis.
Review the recent price action: Using the charts provided on your exchange or broker, study the short and longterm price action on QNT. Regularly observing charts and how the price moves in relation to assets like Bitcoin will be a useful habit to develop. Still, price action can be misleading as trends can quickly reverse or change.
Types of trading (day trading, swing trading): Day trading is the process of continually moving assets around to either follow positive market trends or avoid downward trends. This strategy has high-risk, high-reward outcomes as it can expose your investment to serious risk. Only experienced traders should attempt day trading.
Understanding support and resistance: The term ‘support’ in technical analysis refers to a price action that looks to have stabilised over a period of time. The term 'resistance' refers to an asset's difficulty in breaking an upward price goal.
Downtrends and uptrends: When looking at a cryptocurrency chart, a ‘downtrend’ is when a coin appears to be in a continuous downward movement. It’s an indicator that the coin may fall even further. An uptrend is the complete opposite and indicates a potential for further growth. That said, trends can be misleading due to sudden or unexpected reversals and are never a guarantee of consistent price action.
What to consider before buying Quant
It would be helpful to consider the fundamentals of cryptocurrency trading and buying before purchasing Quant. For example, if a coin like QNT has seen a dramatic rise in price over the past several days, it may seem like the perfect time to buy. But these pumps won’t last forever and the price is likely to experience some form of correction or retraction.
For these reasons, it’s important to resist the temptation of buying when the market is peaking. At the same time, if you invest at the perfect time before an uptrend has reached maturation, you’re likely to make a considerable profit. There are no surefire ways of predicting exactly when market trends will rise or fall.
What Features Does Quant Have?
Quant is notable for operating what’s called the ‘Overledger DLT gateway’ that connects blockchains to private networks run by businesses, governments, and enterprises. ‘DLT’ refers to a distributed ledger technology that establishes what’s known as an ‘Overledger.’ This Overledger allows for both multi-chain communication between different blockchains and centralised servers run by private entities.
This solves the problem of decentralised blockchains being unable to connect with centralised sources of data and information, thus allowing the best of both to cooperate seamlessly.
Will Buying Quant Make Me Money?
Most invest in a cryptocurrency with the assumption or hope that they’ll make money, but it’s important to remember there are few certainties in cryptocurrency. Quant certainly seems like a promising project due to the need for cross-chain compatibility in connecting blockchain with private industry. That said, it’s unclear how Quant will fair in comparison to similar competitors like Polkadot.
Should I Buy Quant?
It might be a solid idea to purchase Quant given its strong performance since being released in 2018. Compared to other fledgling projects with a dubious feature set, Quant has proved to have staying power in the crypto industry and is a well-recognised product that’s already received significant adoption. Quant is partnered with tech giants like Oracle and Amazon Web Services (AWS). These partnerships involve connecting their closed systems to functionality and features that are only possible on blockchain.
Frequently Asked Questions
No, but it connects to various blockchains. Overledger is an API Gateway that connects distributed ledger technologies like blockchains together. In addition to giving developers a simple API and object model, it gives company owners access to a network of connected distributed ledger technologies (DLTs).
Multi-DLT version of 'Dapps' (decentralised applications) can interface with several ledgers. In order to interface with several ledgers simultaneously, mDapps increase the reach of decentralised applications beyond the interaction with a single ledger.
Quant’s DLT Gateway was built to remove the complexity of interfacing with DLTs and to seamlessly interface with business systems, platforms, and APIs. This allows businesses, private entities, and even government systems to easily connect and interact with blockchains.
Digital assets (fungible and non-fungible) and data (state changes and smart contracts) can be interoperable between any two ledgers using the Overledger DLT Gateway. It delivers what Quant refers to as universal interoperability for businesses and developers.
Quant was founded by technologist Gilbert Verdian. Verdian and his team are based in London in the United Kingdom.