How to create QTUM wallet
Create a QTUM wallet in just 4 easy steps on Guarda – a leading provider of lightweight non-custodial cryptocurrency wallets. In this comprehensive guide, we will show you exactly what you need to do.
Introduction to Qtum
Qtum (Quantum) is, first of all, a blockchain platform and value transfer protocol. If we are about to compare Qtum to other projects, think of a Bitcoin and Ethereum hybrid. Basically, Qtum combines the smart contracts found on Ethereum and the blockchain features of Bitcoin (Qtum is built from Bitcoin’s core code and then modified to work with Ethereum Virtual Machine).
The consensus mechanism also got some improvements – Proof-of-Work was replaced with Proof-of-Stake.
Qtum Blockchain Foundation was established in 2016. The ICO (Initial Coin Offering) took place in March 2017.
The native cryptocurrency of Qtum blockchain – QTUM serves as transaction fuel of the network. 100.000.000 QTUM tokens were issues during the Qtum ICO. QTUM mining is possible on the Smart Stake Protocol.
QTUM price on CoinMarketCap
How to store QTUM cryptocurrency?
QTUM can be stored in a variety of dedicated cryptocurrency wallets. Of course, finding a secure and trustworthy QTUM wallet should be the priority for all the coin holders. Guarda Wallet team thought of some general criteria of the best QTUM wallet. We will list some of the basic requirements here.
Choosing a secure QTUM wallet
When looking for a good wallet to store your QTUM in, you should pay attention to some basic crypto wallet security features. First of all (if you are not going with a hardware crypto storage) pay attention to your wallet being non-custodial. Custody-free cryptocurrency wallet does not have access to your personal data. Hence, your passwords, private keys and backups are known to you only. Not sharing your private data with the third-partied helps eliminate the risk of information leaks and attacks leading to the fund loss.
Checking if the wallet updates frequently
Security and convenience of your wallet lie in constant updates. If the development team of your wallet is not very active in bringing new features in store, it is better to go for another service. Development updates and other useful information on the wallet work can usually be found on wallet websites, blogs and social network pages.
Getting familiar with your QTUM wallet reviews
Checking QTUM wallet reviews is useful for a variety of reasons – from getting to know if the service you are about to use is trustworthy to understanding the features of your future wallet a little bit better. Besides, reviews are great for evaluating the developer’s activity – it is not a great sign to see many unanswered questions. QTUM wallet feedback can be found on services like Trustpilot or CryptoCompare as well as dedicated GooglePlay and AppStore pages for the Mobile versions.
Becoming a part of your wallet community
Cryptocurrency communities are great – first of all, these people most probably know the answers to the vast majority of your questions. Secondly, you will get lots of unbiased reviews and opinions both on the wallet you have decided to use and on crypto news in general. Wallet communities are usually most active on Reddit, Twitter and Telegram.
Setting up your new QTUM wallet
After you have checked all of the abovementioned points, it is finally the time to create your new cryptocurrency wallet for QTUM. In the next paragraph, Guarda Wallet team will explain how to create a crypto wallet using our service in just a few easy steps. No registration required and, of course, it is all for free!
How to create QTUM wallet?
In here, we will explain how to create a new Web wallet for QTUM on Guarda. Our Web version is perfect for both those who are new to the crypto space and, of course, more experienced users. Guarda Wallet Web version allows storing, sending, receiving, exchanging and purchasing over 40 major coins and more than 10.000 cryptocurrency tokens.
Create QTUM wallet by following these 4 steps
- Go to Guarda wallet website main page and click Create Wallet.
- Think of a strong password for your new QTUM wallet.
- Download your backup and store it in a secure place.
- Your non-custodial QTUM wallet has just been created!
Step 1. You will find the button you need in the upper right corner of the Guarda Wallet website. Once you click it, you will get redirected to the welcome screen. To proceed, please choose to create a new wallet again. If you would like to see some extra information on the QTUM wallet you are about to create, you can check the Web Wallet page.
Step 2. Making up a strong password for your QTUM cryptocurrency wallet. A good password is essential for your future wallet security. We advise going for a combination of letters, numbers and symbols. If you are not sure how to make your password meet all the requirements, please check this guide of ours.
Step 3. Download your backup and find a secure place to save it. As we have already mentioned, Guarda Wallets are non-custodial. This means that we do not store your backups and cannot access them. Please make sure to save your backup file and never share it with anyone.
Step 4. Your new wallet for QTUM is all set up! Now you can manage your coins in non-custodial security and use all the features Guarda Wallet team has prepared for you!