How to buy, sell and trade QUBIC coins

To purchase QUBIC cryptocurrency, you can utilize centralized exchanges like Gate.io or BKEX, or engage with decentralized exchanges such as PancakeSwap, Uniswap, Sushiswap, or 1Inch, ensuring secure storage in compatible wallets.

Dec 19, 2024 at 09:57 am

Key Points:

• Understanding QUBIC Cryptocurrency
• Creating a QUBIC Wallet
• Purchasing QUBIC on Exchanges
• Selling QUBIC on Exchanges
• Trading QUBIC on Decentralized Exchanges
• Securing QUBIC Cryptocurrency

How to Buy QUBIC Coins

1. Understanding QUBIC Cryptocurrency

QUBIC, based on the Binance Smart Chain (BSC), is a decentralized finance (DeFi) platform that enables users to earn rewards through yield farming and staking. It employs the QUBIC token, primarily used for governance, staking, and providing liquidity.

2. Creating a QUBIC Wallet

To store QUBIC coins securely, you will need a digital wallet that supports the BSC network. Popular options include MetaMask, Trust Wallet, and Binance Chain Wallet. Follow the instructions provided by your chosen wallet to create one.

3. Purchasing QUBIC on Exchanges

• Gate.io: Supports QUBIC/USDT trading pair. Register an account, verify your identity, and deposit funds to purchase QUBIC.
• BKEX: Offers QUBIC/USDT and QUBIC/BTC trading pairs. Create an account, complete KYC verification, and deposit cryptocurrencies to acquire QUBIC.
• PancakeSwap: As a decentralized exchange, PancakeSwap allows you to swap QUBIC with other BEP-20 tokens. Connect your wallet to the platform and select the desired trading pair to complete the transaction.

How to Sell QUBIC Coins

The process of selling QUBIC coins is similar to purchasing them.

• Follow Steps 1 and 2 from the "Buying QUBIC Coins" section to create a wallet and locate an exchange that supports QUBIC trading.
• Navigate to the exchange platform and select the "Sell" option for QUBIC.
• Enter the amount of QUBIC you wish to sell and choose the desired trading pair (e.g., QUBIC/USDT).
• Review the transaction details and confirm the sale to complete the process.

How to Trade QUBIC on Decentralized Exchanges

• Uniswap: This is the most popular DEX for trading QUBIC and other ERC-20 tokens. Connect your Ethereum wallet, select QUBIC from the token list, and execute your trades.
• Sushiswap: Another leading DEX that offers QUBIC trading pairs. Connect your wallet, choose QUBIC from the available assets, and initiate trades.
• 1Inch: An aggregator that finds the best exchange rates across multiple DEXes. Specify the trading pair (e.g., QUBIC/ETH) and execute your trades through partner DEXes like Uniswap and Curve.

Securing QUBIC Cryptocurrency

• Store QUBIC in a Hardware Wallet: For maximum security, consider using a hardware wallet like Trezor or Ledger Nano X. These devices store your private keys offline, making it nearly impossible for hackers to access your funds.
• Enable Two-Factor Authentication (2FA): Add an extra layer of security by enabling 2FA on your exchange accounts and digital wallets. This requires a one-time password from your mobile phone or authenticator app for every login and transaction.
• Protect Your Passwords: Use strong and unique passwords for all your exchange and wallet accounts. Avoid using personal information or common words that can be easily guessed.

FAQs

• What are the fees involved in buying, selling, and trading QUBIC coins?

Fees vary depending on the platform and transaction type. Centralized exchanges typically charge trading fees, while DEXes may have liquidity provider fees and gas fees. Always check the platform's fee schedule before executing any transactions.

• Is QUBIC a good investment?

The performance of QUBIC, like any cryptocurrency, is influenced by market conditions and investor sentiment. It's important to conduct thorough research, understand the fundamentals of QUBIC, and make informed investment decisions based on your financial goals and risk tolerance.

• How do I participate in QUBIC yield farming?

To participate in QUBIC yield farming, you need to stake QUBIC tokens in supported liquidity pools on decentralized platforms like PancakeSwap or Venus. You will earn rewards in the form of additional QUBIC tokens for providing liquidity and supporting the network.