How to Buy Quantstamp (QSP) – A Guide for Beginners
Quantstamp is a leader in blockchain security providing expert security audits and blockchain solutions. Top crypto and enterprise companies including Ethereum 2.0 (Prysmatic Labs Client), Binance, MakerDAO, Chainlink, eToro, and World Economic Forum choose Quantstamp to secure their blockchain applications .
Quantstamp has its own native token, QSP, which is used for verifying smart contracts on the decentralized QSP Security Protocol. Users can buy automated scans of smart contracts with QSP, and validators can earn QSP for helping provide decentralized security scans on the network.
If you are interested in buying QSP, here are some steps you can follow:
- Get a compatible wallet. QSP is an ERC-20 token, which means it runs on the Ethereum blockchain and can be stored in any wallet that supports Ethereum-based tokens. Some popular options are MetaMask, Trust Wallet, Ledger, and Trezor.
- Find an exchange that supports QSP. Not all exchanges list QSP, so you will need to find one that does. You can use a site like Coin Insider to compare QSP pairs across exchanges and get the best price for your portfolio. Some of the top exchanges that offer QSP are Binance, Huobi, Gate.io, and OKEx.
- Create an account and verify your identity. Depending on the exchange you choose, you may need to provide some personal information and documents to verify your identity and comply with KYC (Know Your Customer) regulations. This may take some time, so be patient.
- Deposit funds or crypto. Once your account is verified, you can deposit fiat currency (such as USD or EUR) or cryptocurrency (such as BTC or ETH) to your exchange wallet. The available payment methods may vary depending on the exchange and your location.
- Buy QSP. After you have funded your account, you can go to the trading platform and select the QSP pair you want to trade. For example, if you want to buy QSP with BTC, you can choose the QSP/BTC pair. Then, you can enter the amount of QSP you want to buy and place your order. The exchange will execute your order at the best available price and send the QSP tokens to your exchange wallet.
- Withdraw QSP to your wallet. It is not recommended to store your crypto on an exchange for a long time, as it may be vulnerable to hacks or theft. Therefore, you should withdraw your QSP tokens to your own wallet as soon as possible. To do this, you need to copy your wallet address and paste it in the withdrawal section of the exchange. Then, confirm the transaction and wait for it to be processed by the network.
Congratulations! You have successfully bought QSP tokens. You can now use them to access Quantstamp’s services or hold them as an investment.
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Why Invest in Quantstamp?
Quantstamp is a project that aims to make blockchain technology more secure and reliable for everyone. By providing professional audits and automated scans for smart contracts, Quantstamp helps developers and users avoid costly bugs, hacks, and exploits that can compromise their funds and data. Quantstamp also contributes to the development and innovation of the blockchain ecosystem by supporting cutting-edge projects such as Ethereum 2.0, DeFi, NFTs, and DAOs.
QSP is the utility token that powers Quantstamp’s network and services. QSP holders can benefit from the following use cases:
- Accessing Quantstamp’s products. Users can pay QSP to get automated security scans for their smart contracts or request custom audits from Quantstamp’s team of experts.
- Participating in the QSP Security Protocol. Validators can stake QSP to run security nodes that perform decentralized scans on the network and earn QSP rewards for their work.
- Governance and community. QSP holders can vote on proposals and decisions that affect the future of Quantstamp and its network. They can also join Quantstamp’s community of developers, researchers, and enthusiasts who share their passion for blockchain security.
As blockchain adoption grows and more projects launch on various platforms, the demand for security solutions will also increase. This means that Quantstamp and QSP have a lot of potential to grow in value and impact in the long term.
How to Store QSP Safely?
As mentioned earlier, QSP is an ERC-20 token that can be stored in any wallet that supports Ethereum-based tokens. However, not all wallets are created equal. Some wallets offer more security, convenience, and functionality than others. Here are some factors to consider when choosing a wallet for your QSP tokens:
- Security. The most secure wallets are hardware wallets, such as Ledger and Trezor, which store your private keys offline and protect them from hackers and malware. Software wallets, such as MetaMask and Trust Wallet, are less secure but more convenient, as they allow you to access your funds from your phone or browser. However, you should always keep your private keys or recovery phrases safe and never share them with anyone.
- Compatibility. Some wallets may not support all ERC-20 tokens or may have limited functionality for them. For example, some wallets may not allow you to stake QSP on the QSP Security Protocol or participate in governance votes. Therefore, you should check if the wallet you choose is compatible with QSP and its features.
- User-friendliness. Some wallets may have a more intuitive and user-friendly interface than others, making it easier for you to manage your funds and transactions. You should also look for wallets that have good customer support and regular updates.
Ultimately, the best wallet for you depends on your personal preferences and needs. You should do your own research and compare different options before deciding which wallet to use for your QSP tokens.