How and Where to Buy Quant (QNT) – An Easy Step by Step Guide

About QNT

What Is Quant (QNT)?

Quant Network is a United Kingdom-based technology company that is focused on providing interoperable solutions that bridge multiple protocols, blockchains or other distributed networks. It offers a suite of services and products, including Overledger OS — a distributed ledger technology operating system — and Overledger Network — a decentralized "network of networks" that connects various DLT ecosystems together.

Quant's Overledger Network was officially launched in June 2020. The platform relies on a utility token called QNT (an ERC-20 token issued on the Ethereum blockchain) to validate transactions, pay network fees and reward participants that provide services to users.

Who Are the Founders of Quant?

Quant was founded in 2015 by Gilbert Verdian as a solution to the lack of interoperability between DLT platforms. Prior to starting Quant, Verdian served in multiple information technology roles, including as chief information security officer for payments processing company Vocalink as well as for Australia's New South Wales Ministry of Health. According to Quant, it was during his time at Her Majesty's Treasury in the United Kingdom where Verdian first learned the capability of blockchain technology, later coming to the realization that a lack of interoperability was holding back blockchain adoption.

In 2015, Verdian established the International Standards Organization's TC 307 standard on blockchain and distributed ledger technologies. He also founded payments platform Wekitt in 2015, artificial intelligence solutions company Trudera in 2012 and cybersecurity firm Protego Security in 2010.

Veridan has sat on several DLT-related committees and task forces, including Her Majesty's DLT for Healthcare committee, the UK Parliament's DLT for the Public Good Committee and the European Blockchain Observatory and Forum, as well as the United States Federal Reserve's FedPayments Improvement Community and Secure Payments Task Force.

What Makes Quant Unique?

The goal of Quant is to connect various DLT networks together to bring interoperability to the blockchain industry. The company's largest platform, Overledger Network, was first announced in September 2019 and is described by the company as a solution for enterprises to connect their own networks to various DLT networks. To do so, Overledger Network uses "gateways," which are hosts that provide access to either permissioned enterprise ledgers or permissionless blockchains.

Overledger Network is marketed to both enterprises and the development community, with separate white papers issued for both groups. Quant hopes that the network will become a "flourishing ecosystem" in which participating gateways charge users QNT for the data and services they contribute. QNT payments are managed by a community treasury that facilitates transactions between the user, gateway and Ethereum blockchain.

According to its business paper, Quant's business model for its Overledger line of products involves collecting QNT transaction fees, developing software-as-a-service products (Quant offers an Overledger Network for Enterprise service), offering distributed enterprise applications and licensing intellectual property. In addition, Quant retained control of 31.81% of the QNT issued during its token generation event.

Related Pages:

Learn about Polkadot, a project that uses sharding to improve blockchain interoperability.

Learn about Cosmos, which seeks to create an ecosystem of connected blockchains.

Bought some QNT and need to keep it secure? Alexandria, CoinMarketCap's online educational resource, has an in-depth guide on keeping crypto safe.

Stay up to date on the vast world of blockchains with the CoinMarketCap Blog.

How Many Quant (QNT) Coins Are There in Circulation?

Quant has a fixed maximum supply of 14,612,493 tokens. QNT was first made available for sale as part of a token generation event that occurred in April 2018.

According to its business paper, Quant initially anticipated minting over 45 million tokens, with 15 million QNT to be sold in a private presale, 31 million to be sold during the TGE and 14.467 million reserved for the company. Falling short of its goal, the company ultimately sold 9,964,259 QNT tokens. It has stated it has no plans to mint more tokens.

Of the QNT minted during the TGE, 31.81% (4,648,234 QNT) was allocated to Quant to be vested for a 12-month period. The company completed a token burn of 9,545,766 QNT in September 2018 to keep its reserve share at 31.81% of the total supply. Of the company's share, 43% was reserved for founders, partners, staff and advisors, as well as to pay fees to third-party service providers. The remaining 57% was intended to help cover operational and development costs.

How Is the Quant Network Secured?

QNT is an ERC-20 token issued on the Ethereum blockchain, which means that Ethereum's validators are responsible for securing any on-chain transactions. Ethereum relies on a proof-of-work consensus algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

Quant states in its community whitepaper that it takes cybersecurity seriously and that its team members have decades of experience in the area. QNT is used to validate every transaction on the network, with the additional option of signing and encrypting transactions. All enterprises, developers, users and applications must validate each transaction, and when encrypted, Quant itself can neither view nor alter a transaction.

Where Can You Buy Quant (QNT)?

QNT can be purchased on several exchanges, including Bilaxy, Bittrex, Uniswap (V2) and Hotbit. It can be traded against cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), stablecoins such as Tether (USDT) and fiat currencies such as the euro.

Are you interested in buying QNT or other cryptocurrencies such as BTC? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

Currently, QNT is being ranked 73 out of the top 100 cryptocurrencies on Coinmarketcap and has recently surged a hefty 52.37% at the time of writing.

QNT has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy QNT.

Step 1: Register on Coinbase

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Show Details Steps ▾

Type your email and click 'Get started'. Make sure you provide your real name as Coinbase will need it for account verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, Coinbase is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy coins with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.

Now you are all set, click the 'Trade' button at the top left, choose the coin you want to buy and confirm your transaction...and congrats! You've just made your first crypto purchase.

Step 3: Transfer your cryptos to an Altcoin Exchange

Select altcoin exchanges:

But we are not done yet, since QNT is an altcoin we need to transfer our coins to an exchange that QNT can be traded, here we will use HotBit as our exchange. HotBit is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

Founded in 2018 and holding Estonian MTR licence, American MSB licence, an Australian AUSTRAC licence and a Canadian MSB licence,HotBit cryptocurrency exchange is known as a cryptocurrency trading platofrm that continues to develop and integrate various forms of businesses such as spot trading, financial derivatives, cryptocurrency investment and DAPP into one platform. Hotbit allows US investors right now. Currently, Hotbit’s businesses covers more than 210 countries and areas. Based on its globalized and unified strategies, HotBit continues to focus on world's emerging markets such as Russia, Turkey and southeastern Asia markets, and was ranked one of the top 3 most welcomed exchanges by Russian media in 2019.

After going through a similar process as we've done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your Bitcoin wallet at HotBit and you can receive Bitcoin by giving this address to the person to send you the funds. Since we are now transferring our previously bought bitcoin on Coinbase to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on Bitcoin on your asset list, then click on 'Send' on the right.

Under the Recipient field, paste the wallet address in your clipboard, for security consideration you should always check if both address are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Click 'Send' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to HotBit!

Now go back to HotBit and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from HotBit once your deposit has arrived. And you are now finally ready to purchase QNT!

Step 5: Trade QNT

Go back to HotBit, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "QNT", you should see QNT/BTC, select that pair and you should see a price chart of QNT/BTC in the middle of the page.

Below there is a box with a green button that says "Buy QNT", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy QNT". Voila! You have finally bought QNT!

But we are not done yet, since QNT is an altcoin we need to transfer our coins to an exchange that QNT can be traded, here we will use Bittrex as our exchange. Bittrex is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.

Bittrex is an exchange based in Seattle that started off its operations in February 2014. There were a lot fewer exchanges out there then than there is today. Bittrex still sees itself a global leader in the revolution of blockchain revolution. They refer to its platform as a platform for people who require “lightning-fast” trade execution, secure digital wallets and leading industry practices. Bittrex also work as a “Blockchain Incubator”, meaning that they – in order to promote global innovation in the business – work with teams globally to help new tokens that have the potential to transform the way goods, services and operations are managed in the world. Bittrex is one of the more known exchanges in the USA. As they are based in the USA, they also permit US-investors from most states. America is in many ways the ruler of crypto right now. It has a very large number of platforms and a large part of the everyday crypto trading occurs on American exchanges or on other exchanges but involving American traders.

After going through a similar process as we've done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.

Step 4: Deposit BTC to exchange

Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.

If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'BTC address', this is a unique public address of your Bitcoin wallet at Bittrex and you can receive Bitcoin by giving this address to the person to send you the funds. Since we are now transferring our previously bought bitcoin on Coinbase to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.

Now head back to Coinbase, go to Portfolio page and click on Bitcoin on your asset list, then click on 'Send' on the right.

Under the Recipient field, paste the wallet address in your clipboard, for security consideration you should always check if both address are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.

Click 'Send' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to Bittrex!

Now go back to Bittrex and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer.

You should receive a confirmation notification from Bittrex once your deposit has arrived. And you are now finally ready to purchase QNT!

Step 5: Trade QNT

Go back to Bittrex, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.

In the right column there is a search bar, now make sure "BTC" is selected as we are trading BTC to altcoin pair. Click on it and type in "QNT", you should see QNT/BTC, select that pair and you should see a price chart of QNT/BTC in the middle of the page.

Below there is a box with a green button that says "Buy QNT", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy QNT". Voila! You have finally bought QNT!

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once QNT gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Gate.io

Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.

Binance

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.

Last Step: Store QNT securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your QNT for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Other useful tools for trading QNT

Encrypted Secure Connection

NordVPN

Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).

Surfshark

Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!

CryptoTrader.Tax

As you gain more experience in trading cryptos it gets more difficult when it comes to tracking your capital gains from all those trades, especially when you have multiple accounts across various trading platforms. CryptoTrader.Tax takes away the pain of preparing your bitcoin and crypto taxes for your tax season. It automates the entire tax filing process and you will be sure you won’t miss any important information required. Simply register, fill in your personal info, and import all of your historical cryptocurrency transactions into the platform. It integrates seamlessly with all major cryptocurrency exchanges and platforms to make this process even quicker by connecting your existing exchange accounts to the platform. Once your transactions are imported, you can generate your tax reports within a few clicks. CryptoTrader.Tax is free to use and you can simply get started right away. You will only need to pay if you want to generate your tax reports.

Crypto Ultimatum

Crypto Ultimatum is a detailed training system that shows you how to go from no money to making a fortune with Crypto Currencies. The system that was used took $100 and turned this into $1006. But the system works so well they then took this $1006 and turned it into the huge amount of $257,000 with Bitcoin and Crypto Currencies!

The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. It reveals all the secret techniques and gives you the ability to make money when you are a complete novice. It even explains some of the scams so you can avoid them. It goes into detail about where you go to do all this trading and how you can make money in a little as 24 hours. You can develop into someone who buys and sells smaller types of “altcoins” too.

BitMEX

BitMEX is one of the largest crypto derivatives trading platforms that offers leveraged contracts that are bought and sold in Bitcoin. With the volatile nature of the cryptocurrency market, you can gain even more profit with leveraged trades. BitMEX offers even a maximum of 100x margin meaning you can multiply your profit for a hundred times. Signing up on BitMEX is easy and you are not required to go through any KYC process. Within a few minutes, your account will be ready and you can start trading by depositing BTC straight into your wallet on BitMEX. Do keep in mind that derivatives trading is highly risky and your loss can potentially be a hundred times also if you made the wrong move!

Frequently Asked Questions

Can I buy QNT with cash?

There is no direct way to buy QNT with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Buy Bitcoin from local sellers

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy QNT in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.

Popular online banks in Europe are Bunq, N26 and Revolut.

Are there any alternative platforms to buy QNT or Bitcoin with credit cards?

Yes. Changelly is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Latest News for QNT

Quant3 months ago
https://t.co/LgRxboddyq
Quant3 months ago
RT @SIA_pressoffice: .[email protected]: "The creation of an advanced ecosystem for credit trading represents one of the first initiatives bas…
Quant3 months ago
RT @SIA_pressoffice: Partnership agreement between SIA and the #Fintech WizKey to launch an innovative platform available to #banks #funds…
Quant3 months ago
We're pleased to announce, starting 25 January 2021 @BitrueOfficial are providing the opportunity to participate in… https://t.co/QJp3UYtro5
Quant3 months ago
@CoinMetro @gverdian Welcome 🇺🇸 to $QNT!

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