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How to Buy Quant (QNT) in the UK (2022)

Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

CoinJar is the cheapest way that I’ve found to buy Quant (QNT) directly with GBP in the UK.

Alternatively, you could check out Gemini, BC Bitcoin, or the Crypto.com app. All of these allow you to buy Quant (QNT) with GBP – but have higher fees.

Read on if you want to know more.

Where Can You Buy Quant With GBP?

Looking to buy Quant (QNT) with GBP via a UK bank transfer?

These are the cheapest places I could find:

ProviderPayment MethodTrading Fees
CoinJarUK Bank Transfer1%
GeminiUK Bank Transfer1.99% (if > £150)
BC BitcoinUK Bank Transfer 3% (Exclusive Discount)
Crypto.com AppUK Bank TransferVariable Exchange Rate

And if you’re looking to buy Quant (QNT) with a debit card, these are the cheapest places I know of:

ProviderPayment MethodTrading Fees
CoinJarDebit Card2%
Crypto.com AppUK Bank Transfer2.99% + Variable Exchange Rate
GeminiUK Bank Transfer5.48% (if > £150)

How to Buy Quant UK

1. CoinJar

CoinJar works out as the cheapest way (that I can find) to buy Quant (QNT) directly with GBP in the UK.

There are two payment methods you can use to buy Quant (QNT) on CoinJar:

  • You can deposit GBP with a UK bank transfer. As CoinJar supports Faster Payments, these deposits tend to be credited quickly. You can then buy Quant (QNT) using your GBP account balance. (1% fee)
  • Alternatively, you can instantly buy Quant (QNT) with a UK debit card. (2% fee)

In addition to Quant (QNT), you can buy a range of other cryptocurrencies on CoinJar. This includes large cryptocurrency networks like Bitcoin (BTC) and Ethereum (ETH), as well as trending tokens like Axie Infinity (AXIE) and Shiba Inu (SHIB).

CoinJar WebsiteCoinJar Review

2. Gemini

While Gemini is a well-known cryptocurrency platform (owned by the Winklevoss Twins) with a user-friendly web and mobile interface, it’s not the cheapest places to buy cryptocurrencies.

Order AmountTransaction FeeEquivalent % (Range)
Less than £7.50£0.7510% or more
£7.51 - £20.00£1.256.3% - 16.6%
£20.01 - £50.00£2.004.0% - 10.0%
£50.01 - £150.00£2.251.5% - 4.5%
More than £150.001.49%1.49%

But on top of a transactions fee, you’ll also pay a ‘convenience fee’ of around 0.5%. This means the minimum you can be charged to buy Quant (QNT) and other cryptocurrencies on Gemini is 1.99%.

And if you want to use a debit card to buy Quant (QNT) on Gemini? Add another 3.49% in fees. That would bring the minimum you’d pay to about 5.48%.

I don’t like this fee structure at all. But at least they make it clear what you’re being charged when you place an order.

Gemini WebsiteGemini Review

3. BC Bitcoin

BC Bitcoin logo header (version 2)

BC Bitcoin is a highly rated (4.8-star Trustpilot rating, with 500+ reviews) UK-based cryptocurrency broker that allows you to buy Quant (QNT) and almost any other cryptocurrency you might want.

The only exceptions to this are privacy-focused cryptocurrencies like Monero (XMR) and Zcash (ZEC).

You’d normally be charged 4% in fees to buy Bitcoin (BTC) and 5% in fees to buy other cryptocurrency on BC Bitcoin with a UK bank transfer (via Faster Payments).

But if you register using our exclusive sign-up portal, then you’ll be charged 2% when buying Bitcoin (BTC) and 3% when buying other cryptocurrencies with a UK bank transfer.

And while customers seem to appreciate their personal service, there are two things I don’t like:

  • Their website has quite a basic buying interface. It’s nowhere near as smooth as CoinJar or Gemini.
  • Unlike CoinJar or Gemini, you must buy a minimum of £250 worth of cryptocurrencies in a single order.
Get Exclusive DiscountBC Bitcoin Review

What is Quant (QNT)?

Quant (QNT) is the native token for Quant, a programming interface that hopes to connect all of the world’s blockchains through its proprietary operating system, Overledger. The QNT token is primarily used as an in-network currency. It’s used to pay for various network resources, such as licensing fees, data, and APIs.

Both the Quant Network and the QNT token were developed by a London-based team of blockchain developers and entrepreneurs that’s led by Gilbert Verdian and Paolo Tasca. The Quant Network launched in June 2018 and the first QNT tokens were issued a few months later.

Here’s a quick video that gives you an overview of what Quant is and how the QNT token works:

How does Quant Network work?

The Quant Network’s main purpose is to make all the world’s blockchains interoperable.

There are currently hundreds of different blockchains. The problem is that these blockchains currently can’t communicate with each other or share data (i.e., they lack interoperability).

Quant hopes to solve this problem with its Overledger platform.

Overledger is a type of distributed ledger technology (DLT). This is a fancy way of saying that Overledger acts as a shared database where transactions are recorded in multiple places at the same time. It’s designed to eventually be permissionless and decentralised, so it’s not under the control of any central authority.

The idea is that Overledger’s platform can be used to connect the data and transactions on various blockchains through APIs (application programming interfaces). Through these APIs, Overledger lets blockchain developers connect their organisation’s blockchain or software infrastructure to every other blockchain with relative ease.

Currently, Quant’s projects mostly focus on enterprise blockchain solutions so that businesses can start using blockchain technology in their operations.

Quant also has something in the works called multi-ledger tokens (MLT).

An MLT is a digital asset (like a cryptocurrency) that’s backed by fiat funds held in custody by a financial institution. These MLTs can be used and issued on multiple blockchains at the same time using Overledger. MLTs could be used for the creation of stablecoins or central bank digital currencies (CBDCs).

What does the QNT token do?

The QNT token is primarily designed as a method of payment within Quant’s Overledger platform.

Companies and individuals that use Overledger need to pay for network resources like data and APIs in QNT. Additionally, QNT is used to pay yearly licensing fees to the Overledger network. These licensing fees are paid to the nodes (called gateway operators) as compensation for securing the network and directing network traffic within the Overledger ecosystem.

What are the benefits of holding Quant (QNT)?

Unless you’re a blockchain developer that needs to pay for licensing fees or resources within the Overledger network, there isn’t currently much practical use for QNT tokens.

However, proponents of the Quant Network believe the token’s price will rise in the long term as more teams will want to use Overledger’s technology.

In the future, QNT token holders will also be able to set up their own node and become gateway operators on Overledger. Doing so can generate passive income for gateway operators who would receive a portion of the licensing fees paid to the network.

Best Quant (QNT) Wallets

The Quant token (QNT) is an ERC-20 token. It’s widely supported by major ERC-20 wallets.

Popular software wallets that you can use to manage the private keys to your QNT tokens include:

  • MetaMask. A popular Ethereum network wallet, MetaMask supports all ERC-20 tokens, including QNT. It’s available as a browser extension and mobile app. MetaMask also works with most decentralised apps (DApps), so it offers lots of functionality for investors that are interested in Web3 and decentralised finance (DeFi).
  • Atomic Wallet. One of my favourite multi-currency wallets, Atomic Wallet is a mobile app that supports all ERC-20 tokens. It’s also compatible with most major networks, including Bitcoin, Cardano, and Solana. Atomic Wallet offers in-wallet staking for many top coins as well as a way to purchase top cryptocurrencies with a credit card. The wallet is available as a mobile and desktop app.
  • Trust Wallet. Trust Wallet is a non-custodial software wallet developed by Binance. It’s available as a mobile app and it supports all ERC-20 tokens, including QNT. Trust Wallet also has a built-in decentralised exchange (DEX), a DApp browser, and support for NFTs.

Interested in using a hardware wallet instead?

Top Quant (QNT) hardware wallets include:

The wallet interfaces for Ledger, Trezor, CoolWallet, Ellipal, and SecuX wallets all support QNT, so you can manage your tokens right from your device. Alternatively, you can use MetaMask or MyEtherWallet to manage the keys to QNT tokens stored on your Ledger or Trezor device.

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