How to buy QuickSwap (QUICK)

QuickSwap is a new kid on the block, having been launched in February 2021. This next-generation layer-2 decentralized exchange is also an automated market maker (AMM). With the introduction of its token, QUICK, a lot of users are drawn to buy QuickSwap.

This fork of Uniswap runs on the Matic/Polygon Layer-2 platform, unlike Uniswap, which runs on the Ethereum Network. However, it should be noted that the interfaces of both QuickSwap and Uniswap are identical. The main difference is that QuickSwap’s settlements are much faster because the Ethereum Network is highly congested. Additionally, the trading fees are much cheaper than Ethereum.

Below, we will walk you through the process of buying QUICK and where to buy QUICK coin.

A quick guide on buying QuickSwap token

Step 1: Register on Binance

The first thing that you will need to do is to make sure that you sign up on Binance. This is because you cannot buy QuickSwap with USD or any fiat currency. Therefore, you will first need to buy crypto and Binance is a great and reliable exchange to use. Make sure that you have provided all the required information in order to start trading.

Step 2: Buy ETH with fiat money

Before you can proceed, you must ensure that you have completed the KYC verification process. Thereafter, you will be required to select a payment method. The great thing is you can buy crypto with debit card, as well as with PayPal. On that note, it should be noted that if you’re using a card, the fees will be a bit higher, but your transaction will be instant.

After adding a payment method, you can navigate to the Trade button and choose either Bitcoin or Ethereum. Confirming your transaction makes you a proud owner of crypto.

Step 3: Transfer ETH to an Altcoin Exchange

At this point, if you have used another exchange platform that is not Binance, you will need to make sure that you sign up on Binance to transfer your crypto to an altcoin. If, however, you have used Binance from the start, you can move on to the next step.

Step 4: Trade QUICK

You can check your Binance wallet to check your balance before you click on Exchange. The Exchange page will show you various figures, which you must ignore at this point. What you must do, instead, is to search for your required trading pair, in this case, which may be QUICK/ETH or QUICK/BTC.

After selecting your trading pair, you will see a green Buy QUICK  button and you must select the Market tab inside that button. Now, specify the amount of QUICK you want to buy, or choose how much of your crypto you want to spend.

When you have confirmed everything, go ahead and click the Buy QUICK button. Congratulations, you are now a holder of QUICK.

Exchanges to buy QUICK

Binance

Binance is the best place to buy QUICK as it carries some really great features. Here, you will be able to trade at a lower cost. This is one of the leading exchanges worldwide and so, you can expect a lot of currencies on the site. In fact, over 200 coins are supported.

What makes it a favorite among many is that it accepts users from around the world, and the interface is so easy to use, even for beginners. Also, traders can use fiat currencies, thanks to the exchange partnering with Simplex.

Step-by-step Buying Guide

  • Create an account
  • Complete KYC process
  • Add funds to your wallet
  • Buy your crypto

QuickSwap

This DEX allows users to trade ERC20 tokens, offering them very low trading fees. The platform has been built for the community and much effort has been put in place to make sure that it is run by the community.

The platform also makes use of Layer 2 for transactions. As a result, transactions are processed very quickly. In fact, a transaction is completed in about 2 seconds.

Step-by-step Buying Guide

  • Sign up ur sign-in
  • Make a deposit
  • Go to your wallet and click on buy
  • Choose your preferred crypto and specify the amount you want

Poloniex

This platform offers quality services to bitcoin and altcoin traders. Signing up is very easy as you will only be asked to provide your email. You will also find out that the platform offers low fees, which is one of the reasons why it is preferred by crypto traders.

The centralized crypto exchange offers advanced trade types, a huge range of crypto markets, crypto lending, and margin trading as well. Supporting over 60 cryptocurrencies, you will surely be able to trade your favorites.

Step-by-step Buying Guide

  • Sign up ur sign-in on Poloniex
  • Go to your wallet and click on buy
  • Choose your preferred crypto and specify the amount you want. You will be able to see the fees that apply
  • You will then be redirected to Simplex.com to proceed with your purchase

Gate.io

You will be able to buy your crypto from this platform quite easily. The crypto community gets access to over 367 markets, and several major and minor cryptos are accepted. After being rebranded in 2017, the platform has grown to offer numerous excellent features.

Some of its main advantages include over 180 currencies, an excellent IEO platform, margin trading with 10x leverage, great customer support, as well as mobile apps.

Step-by-step Buying Guide

  • Sign up for an account
  • Complete the KYC verification process
  • Fund your wallet
  • Choose a trading pair and buy

How QuickSwap project is different

QuickSwap uses layer-2 infrastructure. However, this does not stop if from offering popular features that are offered by other leading decentralized exchanges. Additionally, traders are offered fast transactions and lower fees. Other aspects that make QuickSwap stand out are listed below.

Layer-2 Transactions

Polygon, a plasma-based layer-2 Ethereum based scalability solution, powers all the transactions on QuickSwap. Because of that, transactions are processed quickly. In fact, QuickSwap is much faster than those powered by Ethereum.

Also, because all transactions on QuickSwap receive finality on the Ethereum mainchain, security is maintained.

Permissionless Listings

All of the ERC-20 tokens on QuickSwap can be listed by users, much like all the other leading DEX platforms. All you will have to do is provide liquidity for a trading pair in order to list a token. That means you will not have to ask for permission from anyone.

Liquidity Mining

The platform allows all its users to provide liquidity to trading pools. As sort of a bonus, all users who do so will be rewarded with some QUICK tokens. On top of that, the distributed governance nature of the platform is improved. This is because the users become governance entities as well. Ultimately, this means that users can make important decisions concerning the platform as well.

Non-custodial Trading

Because this is a decentralized exchange, it means that users can trade directly from their wallets. As a result, users have total control of their tokens’ private keys.

Yield Farming

A 0.3% fee is charged on all transactions and a portion of that fee is paid out to the liquidity providers. Of course, this is promotional to their stake in the liquidity pool. Keeping a close eye on your proportions avoids an impermanent loss.

Community Governance

As mentioned before, this is a community-governed project. Therefore, users can vote on certain factors like the pools that are eligible for QUICK mining, propose any changes to the protocol, and more.

Things to consider before buying QUICK

In order to make sure that you are getting the best out of your QUICK, you will need to look at certain things before you buy. Below are the very important things to consider before you can proceed with your purchase.

Price History

There is no denying the fact that crypto is highly volatile. This is mainly caused by a lack of regulatory oversight, speculation, as well as other factors. Therefore, you should be able to look at the history of QUICK to see its stability.

Exchanges

It’s important to look at the number of exchanges that are accepting QUICK trades. For you to be sure that you are making the right choice, you will need to check if major exchanges accept this token. This is because you will need it to be readily available, and it should be easy to trade it.

Efficiency

You will need to do thorough research and find out if QUICK is efficient enough for you. After all, you will need to make sure that transactions are processed quickly. Not only that, but you will also need stability when it comes to price changes.

Fees

Different platforms charge different trading fees. therefore, you must check the trading fees of the exchange before you decide to sign up and buy your token there.

Where to store QUICK token

Ledger

Ledger specializes in the safety and security of cryptocurrencies. To do that, they offer hardware wallets that you can use to store your keys safely. Additionally, users get an app that they can use to manage their crypto easily. The great thing about the Ledger app is that it allows you to do everything in one place, on top of the high-end security systems in place.

Hardware Wallet

A hardware wallet is one of the most recommended safety tools for crypto. This comes in the form of a physical device where you can store your private keys. That means it’s nowhere near your computer, which protects your funds from any attacks or hacks.

Because it’s independent of your computer, it means that it won’t be affected by computer viruses, phishing attacks, malware, or keyloggers. Also remember that this is an offline solution and so, you retain ownership of your private keys.

Binance Exchange

An exchange wallet is known as a hot wallet, and it may not be safe for larger amounts of cryptocurrency. However, big exchanges like Binance have systems in place that are there to protect you protect your funds, as well as replace them if anything should happen to them.

We only recommend that you store your funds on an exchange if you are trading crypto daily, and if you have small amounts of crypto in the wallet.

Privacy and security tips

Information security is of paramount importance if you’re going to be trading crypto online. The good news is that there are so many practices does that you can undertake to make sure that you keep your crypto safe. Discussed below as some of the safety and privacy tips that you can utilize.

  • The first thing to do is to make sure that you use 2-factor authentication. This is because SMS verification only is not that secure since your phone can actually be ported to another device.
  • If you have a recovery phrase or any other sensitive information, ensure that you store it in a secure offline location.
  • You need to make sure that you use secure and different passwords for different sites. For extra security, makes use of a password manager.

Conclusion

In just a short period, QuickSwap has grown to be one of the most popular automated market makers (AMMs) around, all thanks to the ultra-low-cost and fast transactions. It has done so well that in April 2021, it was among the top 30 trending projects.

QuickSwap is now competing with some of the leading layer-2 scaling and decentralized finance (DeFi) solutions. This has been made possible by the low fees, fast transactions, and a wide array of token pairs. If you can understand how to use QuickSwap, as well as its fundamental properties, then you will be able to stay on the advantaged side.




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