How to buy Quantstamp (QSP) on Binance

The Quantstamp is a protocol that aims to create a scalable and cost-effective audit system to all smart contracts on the Ethereum network.The protocol will use the SAT solver software to verify the programs solidity. In order to have the necessary computing power for the software, the Quantstamp will leverage a distributed network of participants.

Quantstamp token (QSP) is an ERC-20 token that will benefit the users in several ways. QSP will reward those who contribute to the software for verifying the solidity programs, who run the Quantstamp validation node (a specialized node on the Ethereum network), and those who find bugs on the smart contracts.

Step 1: Create an account on Binance

The first step in the process is to create your Binance account. The process is very simple. You are only required to provide your valid email address and a password. Make sure that you provide a strong password when creating your account, since this is a place where you will be keeping your funds. You can also provide a referral id. You can use my referral id if you’d like (13780719).

Binance Registration Form

Step 2: Activate your Account

Once you finish with the first step, an email will be sent to you from Binance to activate your account. Open your email client and click on the activation link. If you can’t find the activation email from Binance then check your spam folder or request Binance to send another activation email.

Please note that they may ask you for some verification documents such as national id, driving license and/or passport.

Step 3: Log in to your Account

Go back to Binance website and log in to your account with the credential you provided in the previous step. Although it is not mandatory, the first thing that I would personally do is to set up a Two-factor Authentication in order to strengthen the security of the account.

Step 4: Transfer Funds to your Binance wallet

In Binance you buy Quantstamp (QSP) tokens only by using Ethereum or Bitcoin. Therefore, you will need to transfer some Ethereum or Bitcoin to you Binancewallet. In case, you do not have any Bitcoin on Ethereum, then you can buy some using fiat currency at Coinbase or your preferred exchange. If you don’t know how to do that, then you can just follow one of our step-by-step guides on how to buy Ethereum or Bitcoin.

Learn more on how to buy Bitcoin.

Learn more on how to buy Ethereum.

In order to deposit your funds, tap on the Funds tab on the top navigation bar. Then click Deposit Withdrawals and from the list below find either the Ethereum or Bitcoin wallet, depending on what you want to deposit. Select the wallet address provided and use it in the exchange or wallet you have your funds and send them in Binance.

Step 5: Buy Quantstamp (QSP) tokens

Congratulations, you are ready to buy some Quantstamp (QSP) tokens. Tap on the Exchange tab and then Basic on the top navigation bar. On the top right of the exchange select BTC (Bitcoin) or ETH (Ethereum) and search for QSP/ETH or QSP/BTC.

This will open the trading view of the pair you want to exchange. Go and find the Buy/Sell section of the page and place your Buy order. Here you go, you have your first Quantstamp (QSP) tokens.

On your screen you will see Buy QSP and Sell QSP

Learn more about Quantstamp from their official website.

Disclaimer: The content of this page is not an investment advice. Please do your own research before you invest. The content of this page has pure educational and/or informational purpose.

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