How & Where to Buy Quant (QNT) - Beginner's Guide 2024

How to Buy Quant

The easiest way to buy Quant is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell Quant and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy Quant.

1. Choose a platform

An ideal broker or exchange will be secure, easy to use, and fully regulated. We’ve shortlisted the best platforms with the lowest fees for you in the table below.

2. Create and fund your account

Next, sign up for an account with your chosen platform. You’ll need to upload your photo ID and proof of address to verify your account. Once verified, make a deposit using your payment method of choice.

3. Buy QNT

Head to the “Buy” section and search for QNT. Enter the amount you’d like to purchase and confirm the trade.

What Is Quant?

Quant is a blockchain interoperability platform that helps users connect to multiple chains at once. The network is explicitly oriented towards enterprise clients, and helps businesses connect to the blockchain.

Adapting to the rising tide of blockchain is seen as a top priority for many in the finance sector, with stablecoins, smart contracts, and decentralised finance (DeFi) becoming increasingly important parts of the financial landscape. Quant aims to make this adaptation process simple by bridging the gap between the “real world” and the blockchain.

Quant achieves this using Overledger, its “blockchain operating system”. IT networks can plug into Overledger, and by doing so gain access to various blockchains including Bitcoin, Ethereum, Ripple, and more. This way, businesses benefit from the whole gamut of blockchain innovations without having to build a separate system for each chain.

Ways to Invest in Quant

You can choose from a range of investment strategies when buying Quant. Which one is best for you will depend on your goals, time horizon, and risk tolerance.

Buy and Hold Quant

Buying and holding QNT is exactly what it sounds like: investors purchase QNT and hold onto it for the long run with the expectation of price appreciation. This requires no trading skills whatsoever and is the simplest way to invest in Quant.

If you believe in Quant’s long-term potential, this is probably the right strategy for you.

Best Quant wallets

If you decide to buy and hold QNT, you’ll probably want to set up a wallet. Crypto wallets are a safe way to store your crypto and give you full control over your tokens.

Hardware wallets like Trezor, BitBox, and Ledger can be expensive but offer you the best possible security over your coins. If you’re on a budget, software wallets like MetaMask and Trust Wallet are free and offer easy-to-use mobile apps.

Trade Quant

Trading Quant refers to the process of buying and selling QNT over short periods to generate profits. Traders follow the general rule of ‘buy low, sell high’.

Trading requires time, skill, and effort, but can produce profits more quickly than buying and holding. Traders will probably prefer to use the free, web-based wallets offered by trading platforms, as these are more convenient for frequent transfers.

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 Now?

You must ultimately decide this for yourself, but there are a few things you should consider when making your decision.

To use the Quant platform, clients must purchase a number of QNT tokens and then lock them up for 12 months. This simultaneously creates demand for QNT and limits the sellable supply, which should force up the price according to the laws of economics.

Interoperability platforms such as Quant are likely to play a part in the future of blockchain. At present, there are multiple chains competing for primacy, and this creates the need for solutions that can unite these fragmented pieces of digital infrastructure. Quant is poised to succeed in this regard, and as such could very well see widespread adoption in the future.

Quant is not without competition here, though. Other blockchains such as Polkadot and Cosmos aim to solve a similar set of problems, and so the success of QNT will inescapably be dependent on the development of these other systems.