Qtum is one of the newer cryptocurrencies to emerge in the online casino world and the crypto market in general. It has been through several changes since its launch, and while the cryptocurrency and its native token (known as QTUM) are one of the top hundred cryptocurrencies you can find online, it hasn’t taken a starring role in the online gambling sector just yet. Find out what this means for you as we explore Qtum crypto casinos right here. In fact, let’s start by introducing you to a couple of them.
Qtum has been through a few different chances in its short time as a cryptocurrency. It was initially developed as one of many Bitcoin forks. However, it has now found a home on Ethereum’s virtual machine (EVM). In theory, the main appeal of Qtum is that it offers you the best of both Bitcoin and Ethereum, helping to bridge the gap between the two cryptocurrencies for users who like aspects of them both.
Qtum combines the Dapp and POS (Proof of Stake) smart contract capabilities of Ethereum with the high level of security you get with Bitcoin’s blockchain. This creates a balanced ecosystem for crypto users. Qtum tokens can’t be mined, but they can be staked and acquired via trading. Of course, being a new blockchain, there aren’t many opportunities to make full use of QTUM right now.
Qtum online casinos aren’t in high demand, and there aren’t many of them out there on the net. In fact, there are just a handful of casinos that accept QTUM. In theory, any betting site which does permit QTUM deposits will also allow you to withdraw using this cryptocurrency. Sadly, most of these casinos convert your Qtum deposits into another cryptocurrency or FIAT currency for gameplay purposes.
The compatibility of cryptocurrencies with online casino games (when it comes to wagering) is often the gift of the software providers behind the crypto token. As such, there aren’t many software providers who have opted to take a chance on Qtum yet. There are a few in-house games, mainly dice titles, out there, but nothing substantial. You can, of course, still, deposit with QTUM, but don’t expect many casino games to be Qtum-optimised.
We explored the pros and cons of using Qtum at crypto casinos and have come up with the following benefits:
Because Qtum uses the best that both Ethereum and Bitcoin have to offer, you can expect a robust, secure, and flexible cryptocurrency. If it was accepted at more casinos, QTUM would have the potential to be quite an appealing option for gamblers.
You shouldn’t write off Qtum straight away. The crypto option and its token are still very new to the cryptocurrency scene, so there is every possibility that there is great potential for growth.
We’ve also identified a few pitfalls to using Qtum at crypto casinos. These include:
While there is plenty of room for growth, Qtum remains an untried and untested cryptocurrency, at least in the online gambling world. There is no saying that it will ever take off at crypto casino sites.
There are limited practical purposes for using Qtum at online casinos right now. Firstly, there aren’t a great many casinos that accept QTUM in the first place. Secondly, the range of games just isn’t as vast or anywhere near as extensive as you’ll get with rival cryptos.
If you do want to play at crypto casinos using Qtum, here’s what you need to know:
If you’re after top Qtum crypto casinos to join, we will encourage you to start your quest by exploring these options:
Are you ready to take the plunge with Qtum at crypto casinos today? Here’s how you can get started right now:
Qtum is another one of those emerging cryptocurrencies where there is plenty of potential for the future but few practical reasons to use it at crypto casinos right now. However, given how flexible and secure it is, this is a cryptocurrency we’d encourage you to think about in the future.
Far from it. Qtum is still an emerging, relatively new crypto token, so there aren’t many sites accepting it – at least now yet.
We didn’t find this possible, but of course, this is something that might change in the future.
Again, this is not something that we’ve come across, but it doesn’t mean that it won’t become a possibility eventually.
Oh, we’d say so. Qtum has the best security that both Ethereum and Bitcoin provide, so it’s super-safe in our eyes.
No. Qtum transactions cost between 0.08% and 0.125%, and there are often 0.1 QTUM withdrawal fees. This is still cheaper than many of its counterparts, though.