Qtum is one of the more recent blockchain projects that garnered a lot of attention due to its unique take on building decentralized apps and smart contracts on the blockchain more efficiently. It was due to this popularity that the price of Qtum went up by a huge percentage during the crypto bull run. The native currency of the Qtum blockchain is called the QTUM token. This is not an ERC20 token and requires a dedicated wallet for its storage. This article will guide you in selecting the right wallet for your needs.

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Cryptobot

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One Comment

  1. This is a good introductory blog by Cryptobot.

    Let me offer some additions and corrections.

    An important distinction for Qtum is the wallets which are full nodes on the Qtum network and can participate in Qtum Proof of Stake block rewards (over 800,000 QTUM paid out in block rewards since the Mainnet launched). Only the Qtum Core desktop wallets (qtum-qt and qtumd) can be used for staking.

    The Qtum Electrum wallet can be used with the Trezor hardware wallet. The Ledger Nano S or Blue can be used with the Qtum Web wallet. As Cryptobot notes, hardware wallets (Ledger and Trezor) give the most secure way to store cryptocurrencies.

    The Qtum Web wallet has capability for popular QRC20 tokens built in, and additional QRC20 tokens can be easily added.

    All these wallets (except the Ledger and Trezor of course) and export private keys or seed words (including the Web wallet). For details on exporting and restoring private keys, please see this blog https://medium.com/@jb395official/wallets-and-keys-july-23-2018-92abf2a2d2bf