In this work, we study the performance of a quasistatic and quantum-adiabatic magnetic Otto cycles with a working substance composed of a single graphene quantum dot modeled by the continuum approach with the use of the zigzag boundary condition. Modulating an external or perpendicular magnetic field, in the quasistatic approach, we found a constant behavior in the total work extracted that is not present in the quantum-adiabatic formulation. We find that, in the quasistatic approach, the engine yielded a greater performance in terms of total work extracted and efficiency as compared with its quantum-adiabatic counterpart. In the quasistatic case, this is due to the working substance being in thermal equilibrium at each point of the cycle, maximizing the energy extracted in the adiabatic strokes.