How to trade quantum chains

The quantum chain (Qtum) transaction process includes three stages: preliminary preparation, purchase and sale. 1. Preparation: Select a compliant exchange, register an account, perform identity verification, and set up storage. 2. Purchase quantum chains: recharge funds, find trading pairs, place orders (market orders or limit orders), and confirm transactions. 3. Sell quantum chains: Enter the trading page, select the trading pair and order type (market order or limit order), confirm the transaction and withdraw cash.

The following is a general quantum chain (Qtum) transaction process for you:

Preparation

1. Choose compliant exchanges : such as Binance, Ouyi, Sesame Open and other internationally renowned cryptocurrency exchanges. When making a choice, factors such as the security of the exchange, transaction fees, and transaction depth should be considered.
2. Register an account : Enter the official website of the selected exchange, click the registration button, fill in the email address, set password and other information, and complete the registration. Some exchanges may require mobile verification.
3. Identity authentication : In order to meet regulatory requirements and ensure account security, exchanges usually require users to perform identity authentication (KYC). You need to upload photos of valid ID cards, passports and other valid ID documents and provide relevant information as required.
4. Setting up storage : You can choose to use the online storage provided by the exchange to store quantum chains, or you can choose to use hardware storage (such as Ledger, Trezor) or software storage (such as imToken, MetaMask) to enhance the security of your assets.

Buy quantum chains

1. Recharge funds : After logging into the exchange account, enter the recharge page and select the fiat currency (such as US dollar, euro, etc.) or cryptocurrency (such as Bitcoin, Ethereum). Complete the recharge operation according to the exchange's guidance. Recharge methods may include bank transfer, credit card payment, cryptocurrency transfer, etc.
2. Find trading pairs : In the exchange's trading page, find the trading pairs of the quantum chain (Qtum). Common trading pairs include Qtum/USDT (quantum chain vs. Tether), Qtum/BTC (quantum chain vs. Bitcoin), etc.
3. Order trading : Choose the right type of trading, the common ones include market orders and limit orders:
   • Market price order : Transaction immediately according to the current market price. You just need to enter the number of quantum chains you want to purchase and click the "Buy" button to complete the transaction.
   • Limit order : You can set a specific price, and the order will be completed only when the market price reaches that price. Enter the price and quantity you want to purchase and click the "Buy" button to submit your order.
4. Confirm the transaction : After the transaction is completed, you can view the number of purchased quantum chains on the account's asset page.

Quantum chains for sale

1. Enter the trading page : Log in to the exchange account and enter the trading page of the quantum chain.
2. Select the trading pair and order type : Select the trading pair you want to sell the quantum chain, and you can also choose the market order or limit order.
   • Market price order : Enter the quantity of quantum chains to be sold, click the "Sell" button, and immediately complete the transaction according to the current market price.
   • Limit order : Set the price and quantity you want to sell, click the "Sell" button to submit your order. When the market price reaches the price you set, the order will be automatically sold.
3. Confirm transaction and withdrawal : After the transaction is completed, you can view the funds obtained from selling the quantum chain in your account. If you want to withdraw funds to a bank account or other storage, follow the exchange's withdrawal process.

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