A theoretical analysis of reversible and quasireversible electrode reactions of a dissolved redox couple under conditions of the novel technique of differential square-wave voltammetry (DSWV) is presented. The technique is recently introduced as a hybrid form between differential pulse voltammetry (DPV) and square-wave voltammetry (SWV) as the two most advanced and competitive pulse-form voltammetric techniques for a purpose of unifying their advantages and further advancing both techniques in terms of analytical performances, mechanistic analysis, and electrode kinetics. The potential modulation of DSWV consists of potential steps and pulses providing a plethora of voltammetric curves, which enable in-depth characterization of the electrode reaction with a minimal set of measurements. Based on numerical simulations, a set of criteria for characterization and differentiation between reversible and quasireversible electrode reactions are established.