How to Convert QTUM to ETH
Converting QTUM to ETH has never been more convenient. These days, crypto exchanges allow you to buy, trade, and withdraw cryptocurrency almost instantaneously. Trading is simple, especially on the Rubix platform.
Rubix makes converting QTUM to Ether easy. With a user-friendly interface, an easy-to-navigate website, and instructions and guides available every step of the way, Rubix offers you a way to get on board the crypto train, right from your smartphone.
That’s not all, though. With Rubix, you get a host of features and benefits, particularly in terms of your security and privacy. Rubix is secure as there are several protection systems and technologies in place to make sure your data is always safe.
To convert QTUM to Ether, you first need to sign up on the Rubix exchange platform. Signing up is easy, and should take no longer than a minute or two. Before you begin trading, you will have to deposit funds into your account. Initial funds can be deposited in the form of U.S. Dollars (USD), Bitcoin (BTC), Ethereum (ETH) and other currencies.
Once you have the funds available, you can start trading. With so many currency options available, you have complete control over how to best invest your funds. Keep an eye out for market trends, and use the resources available on Rubix to build your trading portfolio.
About QTUM & ETH
What is Qtum?
QTUM is a cryptocurrency project that was founded in 2016 by the QTUM foundation, a company based in Singapore. The ICO (Initial Coin Offering) was held in March 2017, and it managed to raise $15 million. The QTUM network officially went live in October of 2017.
QTUM is a cryptocurrency that aims to combine the best aspects of both the Ethereum and Bitcoin blockchains to provide the best of both worlds. The baseline for QTUM is the Bitcoin blockchain’s transaction model (UTXO). It uses a secondary layer similar to Ethereum’s Virtual Machine (EVM) to utilize smart contracts as Ethereum does.
It is able to make these two components interact due to its unique Account Abstraction Layer (AAL) technology. By offering Ethereum’s development capabilities and Bitcoin’s secure transactional model, QTUM hopes to become a platform for business-focused, decentralized applications.
QTUM differs from Bitcoin in that it uses a version of the PoS (Proof-of-Stake) system called MPoS (Mutualized Proof-of-Stake) instead of Bitcoin’s PoW mechanism. This makes generating new coins cheaper and more energy efficient. One of the more prominent drawbacks of Bitcoin’s PoW system is how much energy it takes to mine new coins.
The QTUM coin’s primary purpose is to pay for transactions on the QTUM blockchain. Secondly, the coin offers owners the ability to vote for the development of the software, giving them some degree of influence over how they would like the project to be developed. This is what gives the coin its value.
What is Ethereum?
Conceived and founded in 2013 and officially going live by 2015, Ethereum is one of the most famous cryptocurrency blockchains today.
The signature feature of Ethereum is its ability to generate smart contracts. This allows Ethereum to be used to create dApps (Decentralized Applications). These applications allow for direct contracts between two parties without interference by third-person intermediaries.
Ether is the currency of the Ethereum blockchain, awarded to miners to incentivize them for processing transactions. Ether is mined through PoW, similarly to Bitcoin. However, Ethereum aims to move to the PoS system in the future.
Convert QTUM to ETH using Rubix
Use Rubix’s conversion tool to convert QTUM to ETH. It is simple, fast, convenient, and can be done on your smartphone. All you have to do is enter the desired amount of QTUM you wish to convert, choose ETH as the currency you wish to trade to, confirm the details of the trade, and confirm the transaction. Transactions are instantaneous.