Now, that Bitcoin is making all the news for testing the $7,000 mark over the last few weeks. Investors, both buyers as well as sellers, of this cryptocurrency are going crazy over the steady rise in its price. Now, if you too are looking to sell or even buy Bitcoin then you must be aware of the Bitcoin exchanges such as BitQuick. Services that are involved in selling and buying of Bitcoin have often come under scrutiny from users because there have been numerous scams. Today we shall put BitQuick under the probing lens. Also find out whether it’s safe to buy and sell Bitcoin on BitQuick.
BitQuick is a popular Bitcoin exchange that facilitates sell or purchase of Bitcoin using SEPA or Cash transfers. The buying process is pretty easy wherein the buyers interested in buying Bitcoin have to deposit the money into the seller’s account through cash deposits. A digital copy of the receipt is mailed to the seller. Only when the seller is able to successfully verify the transaction, he releases the Bitcoin from the escrow service of BitQuick.
Thus, BitQuick is all about direct cash transaction between the buyer and the seller without the involvement of any third party. Sellers are able to offload their Bitcoin at very high rates (even higher than the prevailing market rates) as there’re numerous buyers willing to pay a higher price.
Highlights of buying and selling Bitcoin on BitQuick
The only accepted payment method on BitQuick is Cash deposit. Also the company operates in the 49 states of US. However, if you’re a resident of New York then you won’t be able to buy or sell Bitcoins on BitQuick because it failed to obtain the requisite licensing. When compared with LocalBitcoins or Wall of Coins, BitQuick lacks in privacy. In order to purchase Bitcoin on BitQuick, every buyer has to go through mandatory ID verification. There’s no limit on the number of Bitcoin trading and sellers and buyers can trade on privately agreed terms. The buy and sell offers are available publicly. Anyone can check the orderbook at any point in time. It doesn’t take more than an hour for the transfer of Bitcoin to your account.
- It’s the quickest way to buy Bitcoin using cash
- Bitcoin price is usually higher than the prevailing market rates
- Higher transaction fees
Every buyer has to pay 2% of the total cash purchase to BitQuick as transaction fees. Even though the fees might seem to be a bit higher but it’s worth paying the money because of the reliability and trust factor.
Bitquick Affiliate Program
As an affiliate, BitQuick gives you the unique opportunity to turn your click into Bitcoin! The attractive affiliate program of BitQuick helps you to earn as high as 1% commission on all the transactions. Thus, you can earn a commission by referring both buyers as well as sellers. BitQuick provides a unique customized link to each affiliate, which you can place on your website, blog, and social networking accounts. All the commission generated by you will be directly transferred to your Bitcoin address. Also you can expect to get a monthly payout. Join Their Amazing Affiliate Program Today!
Bitquick Affiliate Review
If you are looking to make safe cash deposits for your trades then you needn’t look any further then BitQuick. As the name suggests its quick and easy, surpassing most if not all of their competition in this space. Fees sometimes seem a little high but the added value you get from working with them balances that out nicely. Yes they were hacked a few years back but they shut down completely until resolving the matter entirely and added additional security features.