Bitvavo makes Qtum as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Qtum is a decentralized platform that combines blockchain technology with smart contracts, whereby Qtum has ensured that these technologies can communicate with each other and work together, thereby making the use of smart contracts safer and easier. Qtum focuses primarily on business or institutional parties and to ensure that these parties actually make use of the technology, Qtum has developed some tools that simplify the process of implementing the technology.
Qtum presents itself as the bridge between the safe technology behind the Bitcoin and the versatile technology behind Ethereum. With the combination of these two technologies, Qtum wants to make the use of smart contracts safe and accessible for business or institutional parties. These parties can build decentralized applications on the Qtum technology and to simplify this process, Qtum has built all the tools for this. Some examples of decentralized applications that have already been built include different payment applications, different wallet applications and a peer-to-peer mobile streaming platform.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Qtum. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Qtum and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Qtum without any technical knowledge. Here is a brief overview of the existing wallet options to store your Qtum:
Hosted wallets are wallets where the private keys to your Qtum are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Qtum online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Qtum. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Qtum, and if malicious parties have access to your device, your private keys (and therefore your Qtum) can be stolen.
A hardware wallet is a physical device on which you can store your Qtum offline. It is one of the safest ways to store your Qtum, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Qtum is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Qtum. Once you have purchased Qtum on Bitvavo, you can choose to send your Qtum from your Bitvavo wallet to your own software or hardware wallet.