How Is It Used for Qtum Sport Betting?
Depositing QTUM on betting sites first requires you to sync your wallet with that of the betting site. You will have to look on the site for the specific wallet address the sports betting has for QTUM deposits, sync with it, copy the address, and go to your own wallet to make the allocation. Withdrawals function on the same principle only in reverse. First, send a withdrawal request, and after approval, place the address of your external wallet where you want your coins to be sent. The problem is that you will not find more than a dozen sports betting sites where QTUM payments are supported. Most bookmakers that accept QTUM betting are crypto-only and are usually small sites. Click here if you want to know best crypto only sites.
Is It Safe to Use for Betting?
Crypto coins are usually very volatile assets, with their prices going up and down sometimes hundreds of dollars in a day. Even if this can greatly affect your losses as an investor, there is also the chance of seeing huge gains in your asset’s value. Now, imagine that you can multiply your asset by playing with it at a sports betting site.
While this would be feasible with higher-value cryptos, such as BTC, BCH, or ETH, QTUM is one of those coins that have not seen any significant price movements in the past year. Based on its blockchain structure, QTUM is considered to be secure against most attacks, including double-spending ones. Thus, it can be used as a payment method without any worries. Even though it does not have any special implementations that make you anonymous, your Qtum transaction history is only tied to its native ledger, not your bank account. However, you will have to be very careful regarding what type of sports betting platform you use, preferably one that adheres to a provably fair policy or has games which are licensed by reputable providers.
How and Where to Get It? Where to Buy?
QTUM is ranked as the 36th crypto according to a market cap of $205.978.229, currently changing hands at $2,14. As the coin is still among the top 50 cryptos, trading for the coin is available on around 60 exchanges, such as Binance, Bitfinex, Bithumb, Bittrex, BitMart, CoinBene, HitBTC, Huobi, Kraken, and Gate.io.
The most popular pairings with QTUM are against the three top cryptos, Bitcoin, Ethereum, and Tether. But there are also several fiat pairs. So, EUR options are supported on four exchanges, including Kraken. South Korean users have seven fiat options with the Korean won at exchanges such as Bithumb, UPbit, Coinone, and OKEx Korea. There are nine exchanges that support the QTUM/USD pair: Kraken, Bitfinex, Binance.US, EXMO, Liquid, Exrates, IndoEx, Alterdice, and P2PB2B.
After you have set up your QTUM wallet, you can now sign up on an exchange platform that supports the pair you are interested in (for example qtum to btc or qtum to eth exhange). You will be required to provide ID details and information on QTUM exchange that have fiat purchases. After your account has been confirmed, you will have to create a buy order with your QTUM pair. There is also the option of swapping another coin from a wallet that has built-in exchange features to turn your other cryptos into QTUM.