The Qtum blockchain is preferably new in the market and its open source blockchain is specifically designed for building decentralized applications or dAPPs and smart contracts more efficiently into the blockchain. QTUM is the official currency of the platform and is one of the top 25 crypto coins so far. QTUM is not an ERC20 coin and not all wallets can store this currency. Let us now look into some of the features before choosing a QTUM wallet.
- The wallet should be compatible with QTUM coins.
- The security features. The wallet should be secure enough to hold your funds.
- The user interface should be convenient and easy to use.
- Users should have full control of their private keys.
- There should be a backup of the wallet in case recovery of loss is required.
- A 24/7 customer support.
- There should an expert development team working for the betterment of the coin.
- Reviews of the past users should be able to guide the new users to choose the best wallet.
Best QTUM Wallets for 2019
Ledger Nano S
Ledger Nano S is a hardware wallet and supports multiple currencies like Litecoin, Bitcoin, Ethereum, Dash and many more. It comes like an USB device that can be easily attached to an USB port of your device. Its private keys are stored in the device itself and it is impossible to hack the account. There are multi-level confirmation processes in fund transfer and users have to give their secret pin code for each transfer. There is an OLED screen with double tap buttons. Users also have to go through a two-factor authentication process for each transaction. However, Ledger Nano is not completely free and there is a price that users have to pay for it. It is one of the most secure wallets so far.
The Qtum Core is the official wallet of the QTUM platform and is available for multiple platforms. It is available both for desktop and mobile phones. It can be downloaded into Windows, MAC, Linux as well as into your Android phones. It is yet to be developed for iOS phones. The App supports smart contracts and is very easy to use. The wallet supports only one currency including QRC20 crypto coins. However, to send and receive funds users need to enter their secured PIN code. When you download the App, the software needs some time to sync with the QTUM blockchain, which may be time consuming.
Qtum Electrum is a desktop wallet and can be downloaded from the Qtum official website. This can be downloaded into your Windows and Mac operating systems. It is easy and fast as well. It can also be accompanied with a hardware wallet for cold storage and involves multi-signature feature for increased protection. During installation, users need to give a 12-word seed code which can later be used for recovery of loss of wallet or funds. Users here have full control of their private keys.
The Bitpie is a mobile wallet and is available both for the Android and iOS users. It supports multiple currencies like Bitcoin, Ethereum, Litecoin, etc. The user interface is very simple. Bitpie is a hierarchical deterministic or HD wallet and has a 12-word recovery seed. There is peer-to-peer exchange facility as well. Users here retain full control of their private keys. It has quite advanced security features including a PIN code protection system. Bitpie expects its users to fill out KYC requirements as its advanced security features which might not be so favourable for some users. Download Link to Bitpie Wallet: Qtum Price Prediction 2020
Qtum Web Wallet
The Qtum Web Wallet can be downloaded into any device of your choice. Users do not need to download any software. It is very fast and can be quickly set up into your device. Users however, do not have any access to their private keys. However, this wallet is extremely susceptible to malware and security breach and users should also put up-to-date antivirus softwares into their wallets. Link to Web wallet
The Qbao is a lightweight mobile wallet and is available both for Android and iOS users. It supports multiple currencies. The wallet uses “light purse mechanism” through which transfer of funds become very easy. The Qbao App comes with multiple features including exchanges, social network, a news app, dApps, payment functions and many more. The interface is also quite simple. However, it does not have multisignature facility and two-factor authentication process. So, there might be security risks here. Link to download Qbao