Where to Buy Quant – Beginner’s Guide

The interest to buy Quant has grown among investors attracted to the asset’s goal of connecting blockchains and networks on a global scale.

This guide will discuss Quant’s investment potential and the best crypto platforms offering the lowest fees in 2023.

Where to Buy Quant

Let’s examine where to buy Quant crypto. While many crypto exchanges let you buy cryptocurrency, the following are the best of the bunch.

1. Crypto.com: Best Crypto Exchange with Low Fees
2. Binance: The Crypto Market’s Biggest Exchange
3. Coinbase: Great Crypto Exchange For Beginners

1. Crypto.com: Best For Low Fees

Crypto.com is another top crypto exchange if you’re looking for how to buy QNT.

Based in Singapore, Crypto.com has been operating since 2017. The exchange has an operating license from the Malta Financial Services Authority (MFSA) – the top financial regulator on the island of Malta. Crypto.com also operates seamlessly across over 50 countries.

As you would expect, liquidity is no problem for Crypto.com. The exchange allows you to buy Quant in seconds, so you don’t need to worry about your order being stranded. Crypto.com is also easy to use, making it an ideal option for beginners looking for where to buy Quant crypto.

The platform support over 150 cryptocurrencies and hundreds of trading pairs. Crypto.com charges no fees on transactions, and its trading fees are among the lowest in the market. So, you can save a great deal of money – both on the Quant price and on trading fees.

As for security, Crypto.com uses several measures – including multi-factor authentication (MFA) and whitelisting- to keep your funds safe. Of course, you will need to maintain a strong password and protect your account as well. The exchange also uses top-notch compliance monitoring measures and stores 98% of deposits in coid wallets to protect against losses and hacks. Customers’ dollar balances are insured up to $250,000.

Cryptoassets are a highly volatile unregulated investment product. 

 2. Coinbase: Great Crypto Exchange For Beginners

Another name that requires no introduction in the crypto space is Coinbase. While Binance rules the world in trading volumes, Coinbase is a top-ranking exchange for newbies. And, in the North American market, no other exchange has as much sway as Coinbase.

Operating since 2012, Coinbase is based in San Francisco. The company is registered with the Securities and Exchange Commission (SEC), and the UK’s Financial Conduct Authority (FCA) recognises it as a money transmitting business. Even better, Coinbase is a publicly-traded company.

Coinbase’s biggest benefit is that it is very good for beginners. The platform is well laid out, allowing you to navigate the platform easily. With a minimum balance of $2, Coinbase makes it easy for you to make purchases and trade. The platform offers access to several trading pairs, so speculating after you invest in QNT will be easy.

Like Binance, Coinbase also has a service that caters to professional traders. Known as Coinbase Pro, this trading platform supports all of the coins available on the main Coinbase service. Coinbase Pro is easy to use and very quick to help you get set up. Once you do, you’re free to browse through the service’s offering of trading features.

Another impressive benefit of Coinbase is its suite of additional services. From its Coinbase card that allows customers in select countries to spend their coins to the Coinbase Custody service that helps institutions manage their portfolios, this company has built a tool that caters to every type of investor in the market.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Binance: The Crypto Market’s Biggest Exchange

To avid cryptocurrency investors, Binance needs no introduction. This platform is the biggest crypto exchange globally by daily trading volumes, hitting billions of daily trades.

Binance was founded in 2007 in China. The company has moved its base to Hong Kong, then to Malta. Now, it operates as a floating entity. Despite having no licenses, Binance operates across over 100 countries worldwide. The platform is easily one of the most recognisable names in crypto.

As an investor, Binance offers everything you need to invest in QNT. The exchange is highly liquid, ensuring that you complete your order in seconds. Binance also offers access to hundreds of trading pairs, so you can rotate in and out of QNT as you please.

The minimum balance on Binance is just $1, so you can get started with buying QNT with a low amount. This is one of the exchange’s primary benefits. Instead of spending so much to invest in QNT, you can get started with whatever amount you have.

When you grow in the market and decide to trade with the coins you have, Binance offers a Binance Pro section where you can access its top offerings. The service allows you to trade different order types, and you can even access derivatives and other sophisticated trading instruments if you’re feeling confident in your ability.

Thanks to its trading interface, Binance has become popular. Only a few crypto exchanges can match it in that regard, and it holds its top position to this day.

Cryptoassets are a highly volatile unregulated investment product. 

What is Quant?

Now that you know where to buy Quant, let’s consider what the asset is and why it appeals to investors.

QNT is the native token for the Quant protocol. The asset, which filed for a patent in late 2017, is a blockchain platform that looks to improve the sharing and storage of information.

Quant was designed by Gilbert Verdian – a computer scientist who was looking for a way to improve global data exchange and transmission. Verdian identified the issue while working for both the British and Australian governments. He believed that blockchain could help solve these challenges and thus was born the vision for the Quant protocol.

The Quant protocol focuses primarily on removing the barriers preventing blockchains from communicating. With the Overledger functionality, the blockchain allows developers to access other chains – including Ethereum, Bitcoin, and the Ripple Ledger. So far, Quant is one of the protocols that have come closest to solving the interoperability issues between blockchain services.

Quant operates by matching blockchain layers to their best-suited tasks. Layers available on the platform include:

• The transaction layer: This is where data storage is most important. Once a transaction is validated here, it can’t be unvalidated.
• The messaging layer: This layer handles information transfer. It processes metadata, smart contract data, and transaction data.
• Ordering and filtering layer: This layer also handles messages. But, unlike the messaging layer, it filters these messages into specific results since it is the only layer that handles the validation of off-chain messages on the Quant protocol.

To support the Quant protocol’s operation, QNT acts as its native blockchain token. The coin offers digital access to specific services and applications. Fees are also paid in QNT, making the asset very important to the Quant protocol’s overall operation.

Is Quant a Good Investment?

Below are some reasons why you should consider purchasing the QNT token:

    1. Asset backed by impressive blockchain

Crypto experts will recommend that you only invest in projects that have use and potential – especially if you’re a long-term investor. The Quant protocol has found an impressive use case, offering a glimpse into a brighter future.

With blockchains expected to get smarter and possibly collaborate over the next few years, we’re seeing a lot of reasons for investors to back the Quant protocol through QNT.

    2. Earn passive income

QNT is a proof-of-stake(PoS) coin. So, if you’d like to earn passive income through staking, you can buy Quant.

Crypto staking is an awesome way for you to earn passive income with crypto. Here, you pledge coins to a blockchain protocol, and your wallet could be selected to mine the asset. So, it is a low-cost, energy-effective way to mine coins.

    3. Build on the future of blockchain

The Quant protocol hopes to improve blockchain interoperability. This will be critical in ensuring that the blockchain industry survives. As far as top use cases go, this is up there.

Interoperability is an important part of the blockchain space’s future. If anything, blockchains have shown that they can’t operate alone. They need to connect to other platforms, sharing data and resources. Quant protocol ensures that this is possible, allowing blockchain platforms to collaborate effectively.

    4. A bargain price right now

QNT is currently trading 4 times lower than its all-time high of $428. So, there are many benefits right now, and you could invest in QNT for a huge gain. Though Quant may be a good investment from the long-term perspective, its short-term technical indicators are not quite promising. 

Most of the technical indicators show that the QNT coin is a SELL right now. Thanks to the price drop, QNT is currently trading below most of its simple moving average (SMA) indicators. The asset also has a negative moving average convergence divergence (MACD).

All of these might be a concerning trend for investors, but it’s also worth noting that QNT’s relative strength index (RSI) is 43.9 right now. The asset is quickly approaching oversold levels, marking a possible entry for investors. 

     5. Great for developers

If you’re interested in building a decentralised application (dApp), the Quant protocol is also great for you. Eventually, you’ll need to find how to invest in Quant, and QNT is a great way to do so.

Quant has also inked a partnership with SIA – a payment network facilitating remittances across Europe. The partnership is expected to create a network where central bank digital currencies (CBDCs) can effectively collaborate in the future. With more countries exploring CBDCs, this is a pretty big deal – and a positive sign for Quant’s future.

Quant Crypto Price

Quant is relatively a new cryptocurrency in the market that went official in 2018 with an initial price of $0.25. Due to the value Quant offered the DeFi sector, the cryptocurrency didn’t go unnoticed, and soon its prices started to soar. In just one month, Quant hit the $1 mark and was traded at $2 by the end of the year. 

In the middle of 2019, QNT even managed to hit its first all-time high, which was $12, but then its price dropped below $10. This continued till late 2020, which was followed by a drastic growth as the global crypto market was in a bullish uptrend in 2021. Quant end 2021 with a price of $11. 

The dramatic growth in 2021 led to the price rise by 1712x compared to its listing price. Quant hit its historical all-time high of $428 in September 2021 and started the correction and QNT dropped $179 by the end of 2021. As 2022 was an unlucky year for the global crypto market, Bitcoin and altcoin experienced a negative trend for the whole year. 

Quant All-time Price Performance, Source:coinmarketcap.com

The first wave came in the middle of the year which was associated with the rising taxes and regulations over cryptocurrencies. Quant’s price dropped significantly, reaching $50, which was the lowest price for the coin during the last 2 years at that time. 

After that Quant managed to recover to $193 but another downtrend started leading to the collapse of many major tokens and centralized exchanges. However, Quant’s price remained above the $100 mark this time. 

Since the beginning of 2023, the prices of cryptocurrencies have been rising gradually and QNT managed to jump to above $155 for a short time. Currently, the Quant price stands at $112.33 with a 24-hour price range of $111-$116. This is a drop of 2.78% in the past 24 hours. The drop is understandable since the broader market is also turning bearish once more – with a drop of 1.44% in the past 24 hours. 

Quant’s market capitalization of $1.3 billion makes it the 40th largest cryptocurrency. The maximum supply of the cryptocurrency is 14,881,364 QNT coins, with over 12 million QNT in circulation right now. 

Quant Crypto Price Prediction

Different platforms have given their predictions about the Quant price and what it could be in the near future. For example, Wallet Investor gives bearish predictions indicating that QNT will drop to $90 and lose 19% of its price in a year. 

However, Price Prediction analyses suggest that QNT will have an average price of $157 in 2023 with the highest price of $171.84. QNT can hit $200 by 2024 and reach $263 during 2024. The platform’s 5-year price forecast is quite bullish, predicting that QNT can rise to $1000 by 2029, and in 2029, it can have an average trading price of $1422. 

Digital Coin Price is also optimistic about the future price performance of the QNT coin. Its predictions indicate that QNT will have an average trading price of $226 in 2023 which can reach $287 in 2024. The platform’s 5-year predictions give an average price of $605 in 2028 while the coin can hit $1000 in 2030. 

Ways of Buying Quant

Now that you know where to buy Quant, let’s consider the different purchase methods.

    1. Buy Quant With PayPal

PayPal is one of the most preferred options for investors looking for how to invest in Quant. It is an especially convenient means of payment because you can fund your crypto account with funds in your PayPal from the comfort of your home and Quant. PayPal is also highly ubiquitous, and most exchanges and brokers offer PayPal as a funding option.

The only thing you need to consider with PayPal is the fees. Charges for transactions tend to vary based on your location, and you want to make sure that you’re not being overcharged. Once you do, you can proceed with your purchase.

    2. Buy Quant With Credit Card or Debit Card

Like PayPal, credit and debit cards are also loved for convenience and ubiquity. Most people today have credit cards, and most platforms that allow you to invest in QNT also make it possible to fund your crypto account with your card.

The primary pull for credit cards is that they are convenient and instant. You can send money and fund your wallet instantly, so you don’t have to wait before buying QNT.

However, you need to be careful with the transaction fees on this method. Card manufacturers charge different fees based on different factors- from your location to the transaction size and more. Examine the applicable fees and proceed.

Best Quant Wallet

When you eventually buy Quant, you also need to find a way to store it. This is where wallets come in. There are different types of wallets available, including:

• Hardware wallets: Physical devices that store your coins. They’re not connected to the internet, so they’re more secure.
• Software wallets: Services installed on your computer that allow you to store your BTC and make seamless transactions.
• Mobile wallets: These types of wallets are built into your mobile phone. They make transactions convenient.

Conclusion

Quant is a solid crypto project with a bright future. It aims to solve an important problem by ensuring proper interoperability between blockchains. And, there’s a lot of hope for it going forward.

Frequently Asked Questions on How to Buy Quant