How to buy QuarkChain token online
This page details everything you need to know before you invest in QuarkChain, such as the platform’s relevant competitors, the long-term outlook for the blockchain, and the price and future value of QKC crypto.
Compare where to buy QuarkChain tokens, and open an account
If you want to know where to buy QKC crypto right now, follow one of the links below to one of our partners. If you aren’t quite ready to take that step yet, scroll down for more information on QuarkChain and QKC tokens.
What is QuarkChain?
QuarkChain is a blockchain that is designed to solve the issue of the blockchain trilemma. Its native QKC token is paid out to QuarkChain miners. The trilemma is that blockchains can only achieve 2 of the following 3 traits at the same time: decentralisation, scalability, and security. QuarkChain aims to accomplish all 3 because it is both decentralised and secure but is also scalable up to 1 million transactions per second, which is considerably faster than both Bitcoin and Ethereum.
Scalability has been one of the biggest hurdles faced by blockchains in recent years. Ethereum is only able to scale to 12-15 transactions per second, and this means services that run on Ethereum have needed to find solutions. For example, exchanges like SushiSwap and Uniswap have been unable to use an order book model due to the sheer number of orders and order cancellations. Moreover, Ethereum 2.0 remains unscalable.
By contrast, if QuarkChain’s sharding technology proves effective, it will be by far the fastest network on the planet, outranking both Visa and Alipay. If the platform is able to accomplish what it sets out to achieve, users will have crypto without compromise. The trilemma will be solved so users of QuarkChain can enjoy the decentralisation and security of crypto with a level of scalability that will make the blockchain universally useable for all manner of services.
How does QuarkChain work?
QuarkChain works by using something called sharding to achieve scalability. Think of sharding as tearing transactions apart into smaller, more manageable pieces so that the entire blockchain’s history doesn’t need to be validated before a transaction can be confirmed. Because of this, transactions can be validated much more quickly without affecting their validity because each section of a transaction can be processed separately. Zilliqa was the first platform to use sharding, and QuarkChain is hoping to beat it to the punch.
The blockchain relies on two layers. The first layer consists of sharding blockchains – or shards – and the second layer serves as the root blockchain which is used to confirm transactions and provide security for the network as a whole. With such a high throughput, QuarkChain is an effective solution for a large variety of decentralised applications including Ethereum smart contracts.
An ICO was held for QKC tokens in 2018. 10 billion tokens were created, with 20% going to the ICO sale, 15% to the development team, 5% to project advisors and 15% for the QuarkChain foundation. The remaining 45% of QKC is paid out for mining and marketing. There has been speculation that inflation could occur in the future, though this remains to be realised. QKC works as an incentive much like Bitcoin in Bitcoin mining.
How to buy QKC online – a step-by-step guide
Step 1. Find an exchange
If you are wondering what the best place to buy QKC coin is, both in the UK and elsewhere, we recommend a reliable crypto exchange. On the Invezz platform, there are plenty of reviews to point you in the right direction, and we have also listed two of the best QKC exchanges below to save you some time:
- Bitpanda: Bitpanda is a rapidly growing crypto exchange that supports QuarkChain. Its user-friendly interface is extremely easy to use. Open an account with Bitpanda today >
- Binance: As one of the largest and most reputable crypto exchanges, Binance is a popular choice for investors looking for QuarkChain tokens. Open a Binance account now >
Step 2. Sign up and fund your account
Everything starts with choosing your crypto exchange and creating an account. However, before you finish setting up your account, you will usually need to pass an identity verification check. Keep a copy of your photo ID on hand because you may need to provide it.
Most exchanges will accept funds in the form of fiat currencies (such as GBP, USD and EUR) or a cryptocurrency like Bitcoin. If you are keen on funding your trades with Bitcoin, go to a Bitcoin exchange and get some. Load the coins into your account and you’re good to go.
Step 3. Purchase
Once your exchange account is set up, verified and funded, it is ready to use. If your account is loaded with fiat money like GBP, search for the QKC/GBP pair, whereas if your account is loaded with a cryptocurrency like Bitcoin, search for the QKC/BTC pair.
Step 4. (Optional) Get a suitable wallet
If you plan on holding your QKC to speculate on long-term price accretion, consider opening a QuarkChain wallet. This is a place that you can use to store your QKC tokens more securely. it is worth noting that you can also just store your tokens in most exchange accounts, but for long-term security, a wallet should definitely be considered.
Wallets can be online or they can take the form of physical hard drives and USB sticks. To help you find the best QuarkChain wallets, we have listed two of them below.
- BitLox: BitLox is a hardware wallet that comes in different versions with varying levels of security. The company is a reliable and reputable brand and the wallet is a frontrunner when it comes to storing QuarkChain coin. Open a BitLox wallet today >
- Ledger Nano S: This is another hardware wallet that can store your QuarkChain coin securely. Your QKC will be completely offline, protecting it from online attacks. Get a Nano S to store your coins >
How to trade QKC – a step-by-step guide
Step 1. Find a broker
To successfully trade QKC tokens, you need to open and close positions quickly and efficiently based on real-time market fluctuations. Using a broker is an easy way to facilitate this activity.
Before you choose a broker to trade QuarkChain, make sure the platform supports QKC tokens. QuarkChain remains a relatively niche platform, so not every exchange supports it. Check out Plus500 and eToro because these are both large and well-established crypto platforms and are two of the most likely exchanges to supports QKC. For additional options, consult the table at the top of this page.
Step 2. Deposit money
You can start trading QuarkChain with a broker by depositing fiat money into your account like GBP, USD and EUR. Before you confirm any trades, make sure you are happy with the trading fee because this is an expenditure you will not get back.
Step 3. Decide how you’d like to trade
You can trade QuarkChain in a variety of different ways, but to do so successfully, you will need to formulate a strong technical trading strategy, You can find articles on the Invezz website that will guide you through how to do this. They outline the different indicators that you can use to inform your trades.
Step 4. Start trading
Once your broker account is set up and funded, it is ready for you to use it to trade QKC tokens. However, you may want to take a moment to consider your level of experience. If you lack discernible trading experience, we strongly advise you to start trading with a demo account before putting real money on the line. The stock market takes no prisoners, and it is important to understand exactly what you are getting into before pulling the trigger on real trades.
Once you start trading QKC, you can go long or short. Both of these positions can be profitable, but they are fundamentally different. Going long means you expect QuarkChain tokens to rise in value, whereas going short means the exact opposite. Make sure you take your time reviewing your options before making your choice. In addition, you can also trade with leverage and increase your exposure to the price of QKC with less upfront expenditure. However, this also increases your exposure to potential downturns, so be wary.
Once you are ready to implement your trading strategy, start trading QKC through your reliable broker of choice. be on the lookout for optimisations you can make to your strategy and never invest funds that you can’t afford to lose.
If you aren’t quite ready to decide if investing in QuarkChain is right for you, here are some of the pros and cons.
- Much more scalability than other blockchains
- Strong and experienced development team and advisors
- Provides new and exciting options to applications on the blockchain
- Large number of QKC tokens could lead to higher inflation than other coins
- Distribution of QKC tokens is skewed towards the in-house QuarkChain team
- Lots of robust competitors like Zilliqa
If you still aren’t ready to invest in QuarkChain, read our 3 key questions below to help you make up your mind.
1.) Is now a good time to buy QKC?
The answer to this question depends on your investment strategy and financial goals. If you want to speculate on long-term price increases by holding your QKC tokens for an extended period of time, the outlook for QuarkChain could provide returns. If QuarkChain can beat Zilliqa to the punch and cement itself as a popular and scalable blockchain solution, the price of QKC tokens should rise.
By contrast, if you want to achieve short-term returns, the long-term trajectory for QuarkChain is less important. Instead, you need to pay attention to technical indicators and market fluctuations to get your QKC coin for a low price and sell it high.
Regardless of the option you choose, stay up to date with the latest developments surrounding QuarkChain by reading one of our analysis articles:
2.) What problem does QuarkChain solve, and what are QuarkChain’s investment prospects?
QuarkChain solves the blockchain trilemma. It is one of the few blockchains that is scalable, and can be utilised in all manner of sectors. There are competitors, but if QuarkChain can stave off the competition, it could be poised for significant growth. The vast experience of the development team adds more confidence to this value equation.
It remains to be seen exactly how the blockchain develops in the short-to-medium term, and if it can secure a reasonable scale of adoption, but the mosrt interesting potential development will regard new cryptocurrency innovations that can take advantage of QuarkChain’s scalability.
To keep informed about QuarkChain’s investment prospects, read the latest news on the Invezz website:
3.) Do you want to hold QKC for the long term?
You can hold QKC for the long term or trade it in the short term, and both strategies have different considerations that you should make. These are outlined below.
Considerations for a long term investment strategy
Consider the fundamental value of QuarkChain and project the eventual value of QKC tokens. If you want to be a long-term QKC trader, sign up to a reliable crypto exchange and get started today. For additional security, consider opening a crypto wallet to store your QKC tokens.
Considerations for a short term trading strategy
Consider the short-term market dynamics that are affecting the price of QKC tokens and also think about the key indicators of QKC’s price trajectory. If you want to be a short-term QKC trader, sign up to a broker with low fees and a good reputation.