Qtum Wallet Tutorial
This is the Qtum wallet “Overview” page, it shows the following:
Balances
- Available
- Pending
- Total
This shows any transaction that may have taken place, both incoming and outgoing transactions are displayed, this includes staked coins as well.
On the left side of the wallet, we can find basic wallet functionality such as:
- Send
- Receive
- Smart Contract
- Transactions (This is a more detailed and full historical set of transactions)
On the send menu, we have different functions, all are quite basic to learn and use.
Pay to: Here we’ll enter the address we want to send Qtum to (Only Qtum ignition addresses will work).
Label: Optional, as it’s stated, it’s just a name/tag
**Amount: **Here we enter the amount of Qtum we want to Send
Once all fields are covered, we can click on the “Send” button and the Qtum coins will be sent to the address we entered above.
Here we can display our Qtum wallet address and even generate new ones!
This is useful for receiving payments from more than one sender and helps you keep track of each transaction.
To obtain the deposit address, simply click on “Request Payment” and you’ll see a popup dialog show up with your Qtum wallet deposit address. Here you can receive coins from your exchange or from other users. For this tutorial, we’ll do a test deposit of 76 Qtum.
Here you can see both incoming and outgoing transactions, shows all historical transactions, on the screenshot we have a pending transaction with a few confirmations.
First, let’s encrypt this wallet before making the backup, this will allow the backup to be encrypted as well. Go to settings -> Encrypt wallet.
Next, let’s enter the password for this wallet, please remember this password because without it you’ll lose access to your Qtum.
After the password is entered and accepted, the wallet will restart and it'll be encrypted.
To access the backup option, we go into File/Backup Wallet and then we enter route and name.
After the backup’s name is entered and we’ve verified the route where the wallet is being saved to, we can click on save. Now we’ve successfully backed up our wallet.
There’s currently no option to restore a backup from the UI, we need to do it manually. Please close the wallet before doing this.
**On Windows: **
Go to %appdata%/Qtum and copy the wallet.dat to that folder, here’s some screenshots showing the process (we’re assuming the wallet is already backed up to the Documents folder):
First, we click on the search tool in Windows, and then we type %appdata%, click on the folder that shows and this will open the following:
Next, we open the Qtum folder and copy back our backup which in this example was located in Documents, we’ll be asked if we want to replace the file so we click on yes.
Go to ~/Library/Application\ Support/Qtum/ and copy the wallet.dat to that folder, here’s some screenshots showing the process (we’re assuming the wallet is already ** backed up to **the Documents folder):
Now we simply copy back the backed up wallet.dat to this folder, and then relaunch the Qtum Wallet, we have successfully restored from backup.
Go to ~/.qtum/ and copy the wallet.dat and copy the wallet.dat there
This screenshot is taken on Lubuntu, the process will change depending on which UI/Desktop you’re using, however, the route will be the same: ~/.qtum/
In order for staking to take place we must:
- Have a transaction with more than 500 confirmations on the blockchain
- Unlock our wallet prior to staking (preferably before reaching 500 confirmations on your inputs).
- Keep our wallet open at all times, otherwise even if our coins are matured, they won’t be able to stake.
Here’s how to unlock the wallet for staking only
Remember to have your wallet open 24/7, if you close it, you won’t be able to stake
Please make sure “for staking only” is selected.