Swapping Bitcoin (BTC) for Quant (QNT) is safe and secure with Zengo. In this guide, you will learn how to trade your BTC for QNT tokens or vice versa in a few easy steps.
Bitcoin (BTC) is widely regarded as the first successful cryptocurrency. A team or individual, usually referred to as Satoshi Nakamoto, introduced Bitcoin in 2008, and it was officially launched in 2009. Bitcoin is a decentralized token and supports democratic monetary control. It operates on its unique system, known as the Bitcoin blockchain, which consists of linked data blocks to record transactions. This open-source system utilizes a proof-of-work (PoW) algorithm, creating new coins through mining. The open-source nature of Bitcoin and its accessibility to the general public have made it more popular as a store of value and as an alternative payment method.
Quant (QNT) is a Utility Token founded by Gilbert Verdian in 2018, operating on the Ethereum blockchain. Its primary purpose is connecting multiple blockchains, enabling holders to create and use multi-chain applications (mDApps), and connecting their existing systems to blockchain networks. Unique features include the Overledger OS, a blockchain operating system that allows for the development and deployment of mDApps, and the ability to connect any network to any other network, regardless of the underlying technology.
Zengo provides users with a secure platform to swap BTC for QNT or the other way around. To start trading, first download the Zengo app from the Apple App Store or Google Play. Then, set up your account and complete the onboarding process.
After you set up your account, follow the steps below to swap your BTC for QNT:
Open the Zengo app and tap the “Actions” button in the main menu.
Select the BTC and QNT currencies (or vice versa) and type the amount you wish to swap.
Review the details and click on “Confirm.” Once your trade has been completed, Zengo will notify you.
Zengo provides a secure and efficient way to trade BTC for QNT. The following are some of the advantages of Zengo:
Zengo’s Web3-ready wallet allows you to buy, sell, trade, and swap many cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Chainlink. On top of that, Zengo is a Web-3-ready wallet, meaning that, through its WalletConnect feature, you can connect with a variety of decentralized apps (Dapps).
Zengo is a non-custodial wallet app that offers complete control over your private keys and access to your digital assets. It was designed to be intuitive and easy to use while managing your portfolio, for instance, when sending funds or swapping cryptocurrencies. Thus, it reduces the risk of costly human errors.
Zengo offers fair and competitive fees for trading crypto assets. On top of that, sending or receiving cryptocurrencies with Zengo is free, although network fees still apply. Furthermore, Zengo also offers the option to pay flexible gas fees. Depending on your needs, you can speed up your transaction by paying a higher fee or, alternatively, saving money with a lower one. Read our fees and limits guide here.
With Zengo’s advanced keyless recovery system, you can quickly regain access to your funds even if you lose your device or delete the Zengo app. To recover, simply download the Zengo app to a new device and log in to your account using your facial biometric ID.
Trading and investing in cryptocurrencies can be fun and exciting. However, there are also risks due to the market’s unregulated nature. While Zengo offers a safe and secure platform for storing cryptocurrency and allows you to interact with Web3, Zengo does not provide financial guidance. Make sure you do your research before investing in crypto or NFTs.
If you still have questions about trading BTC for QNT with Zengo, check the following FAQ section.
Bitcoin (BTC) is a cryptocurrency that operates through its own blockchain platform, known as the Bitcoin blockchain. It was designed to function as a decentralized digital currency, often referred to as digital gold. In contrast, Quant (QNT) is a Utility Token operating on the Ethereum blockchain as an ERC-20 token. It was designed to power the Overledger network, enabling users to build decentralized multi-chain applications (mDApps). The unique feature of Quant is its ability to interconnect across different blockchains.
Trading Bitcoin for Quant with Zengo is very simple. It essentially means that you will be using Zengo’s built-in swapping feature to convert your BTC to QNT tokens the other way around.
You will need a cryptocurrency wallet to trade and hold BTC and QNT tokens securely. The Zengo platform is ideal for this task, as it provides both security and usability to facilitate safe and secure trading between BTC and QNT.
The minimum trading amounts for cryptocurrencies like BTC and QNT can vary due to market conditions. You can learn about the minimum trading amount through the Zengo app. Open the app, go to the trade function, and select BTC and QNT. Detailed information on Zengo’s fees and limits can be found here.
The Zengo app offers the option to trade BTC and QNT for many other cryptocurrencies, including BTC, ETH, DOGE, LINK, XTZ, SAND, and VGX. Note that the availability of specific pairs depends on market conditions. For the latest information, open the Zengo app, tap “Actions,” then tap “Trade,” and select your desired trading pair.
Yes, with Zengo, your digital assets are entirely under your control. To send tokens to other wallets, launch the Zengo app, select the cryptocurrency, click “Actions,” tap” Send,” specify the amount and recipient wallet address, and finalize the transaction.
You will receive a notification on your device once your BTC to QNT trade has been completed. Also, the transaction history will change from “Trade Pending” to “Trade Received” after the completion of your trade.
Zengo simplifies the process of buying cryptocurrencies. The Zengo app offers users a fiat-to-crypto gateway for purchasing a variety of cryptocurrencies. However, if a specific token isn’t available, you can first procure well-known cryptocurrencies like Bitcoin, Tether, or Ethereum. Once you have them, you can swap them for the token you want. To begin buying crypto with Zengo, open the Zengo app, proceed to “Actions,” and choose “Buy.” Follow the on-screen guidelines and pick from a range of payment options, such as MasterCard, Visa, Apple Pay, and bank wire transfers.
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