Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by clever contracts.
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QTUMs are cryptographic software tokens used to engage with distributed applications (‘dApps’) and clever contracts on the Qtum podium.
This guide is not, and should not be regarded spil ‘investment advice’ or spil a ‘recommendation’ regarding a course of activity.
Note: Photos can be clicked to see a larger version. If you’re confused by any terms used, a glossary can be found here.
Very first wij need to set up a wallet to store the QTUM you’re about to buy.
This is where QTUM posts linksom to download their wallets.
Choose the one that works for your pc. For example, ‘qtum-0.14.7-win64.zip’ will work on a 64bit Windows pc.
Merienda the download has ended, unzip the folder inwards and place it onto your desktop.
Note: the screenshots te this guide feature a slightly older vormgeving of the wallet, but all the functions are the same.
Inwards that folder is another one called ‘Bin’.
Inwards that is a verkeersopstopping named ‘qtum-qt’. Open it. This will run the wallet.
You may be asked to permit the wallet to access the internet through your firewall. You voorwaarde permit access or the wallet will not work correctly.
Your wallet is now open. It will let you know that it’s about to commence downloading the Qtum blockchain.
It will also vertoning you the progress of the download. Press ‘hide’ to liquidate it.
Press ‘Settings’ and then ‘Encrypt Wallet’.
Inject a passphrase that would be hard to guess (but which your won’t leave behind!).
Press OK. You will be given a warning. Read it, understand it, then press ‘Yes’.
The program will shut down and encrypt your wallet.
Restart the wallet.
Note: If you leave behind this passphrase you will lose access to your wallet and coins.
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Press ‘Opstopping’ and then ‘Backup wallet’.
Name the opstopping something demonstrable, such spil ‘My QTUM wallet’. Save the verkeersopstopping somewhere safe, for example an outer hard drive or USB stick.
Note: If your pc is stolen or bruised you can use this backup verkeersopstopping to recover your wallet.
Significant Note: Wij all hear of computers and phones being hacked. Websites running illicit code to steal passwords. Phishers tricking people into clicking linksaf that steal information from their computers.
Another line of defence to keep our coins from being siphoned out of our wallets is essential.
And that’s a hardware wallet.
Hardware wallets ass-plug into your rekentuig like a USB stick, and they have one job- to be a firewall inbetween your Qtum and the outside world.
To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and stir your coins.
Hardware wallets made by Ledger support the storage and sending of Qtum.
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Our recommendation is to get a Ledger Nano S from their official webstek or Amazon.
Their Nano S makes it effortless to manage your coins- it’s klein and discreet, and wallet management is achieved through a puny LCD screen and two buttons.
Merienda you have your Ledger, here’s a step by step guide to setting it up.
Ter the wallet, press ‘Receive’ on the spijskaart on the left.
Press ‘Request payment’.
You will be given an address, which looks like a long string of letters and numbers.
Copy this down somewhere safe spil wij’re going to need it soon.
Now wij’ll purchase the popular cryptocurrency Ethereum, so that wij can exchange it for Qtum (if you already own Ethereum you can skip ahead).
Choose which Ethereum exchange you’d like to use (by clicking on the logo), and the guide will proceed: