BitQuick is an online platform where you can easily purchase bitcoin in minutes. Find out how it works today in our review.
What Is BitQuick?
BitQuick, found online at BitQuick.co, claims to be one of the fastest ways to buy bitcoin. You can buy bitcoin instantly with a cash deposit into a bank from sellers with bitcoin already in escrow. Typically, transactions on BitQuick will be assessed a 2% transaction fee.
As of April 2018, BitQuick has sold 56,000+ BTC to 78,000+ customers with an average processing time of approximately 30 minutes.
Ultimately, BitQuick is a competitor to LocalBitcoins: the two platforms offer similar service, allowing you to quickly and easily buy or sell BTC on a P2P basis with escrow provided by a centralized third party.
In addition to BitQuick, Athena Bitcoin runs a similar service called Altquick.co, which allows you to buy and sell altcoins in a similar way.
How Does BitQuick Work?
BitQuick is an escrow service that connects bitcoin buyers with bitcoin sellers. As an escrow service, BitQuick holds your funds in a secure place in exchange for a transaction fee. You can enjoy the benefits of P2P selling with the security of a centralized marketplace.
You can enter any amount of BTC you wish to purchase online at BitQuick.co. As of April 2018, the minimum purchase amount is about $21 (0.003 BTC) in order to cover mining fees.
Your bitcoin purchase is subject to a 2% service fee and a 0.001 BTC mining fee.
Users can complete an ID scan to increase their purchase limit past $400. If you don’t want to complete an ID scan, then you’re limited to a purchase of $400 or less.
You can deposit cash instantly into the platform using one of their partner banks. As soon as BitQuick receives the cash, you can receive bitcoin that’s already in escrow from registered sellers on the platform.
Meanwhile, customers can sell bitcoin conveniently and securely in exchange for a 0% fee. BitQuick claims to be safer than LocalBitcoins.
If you’re selling bitcoin with BitQuick, then the platform will ask you how much BTC you’re selling, what’s the minimum USD purchase you’ll allow, and what’s the maximum USD purchase you’ll allow. Both of these questions are optional – you can use a dynamic price to sell your BTC at the market rate.
Sellers can choose to be paid in a number of different ways. You can receive a cash deposit to your bank account, for example, cash deposits to your co-cop credit union, or a cash transfer to your local Western Union or MoneyGram office.
BitQuick supports most major American banks. You just need to enter your account information to receive the cash transfer from your bank.
Who’s Behind BitQuick?
BitQuick was created by an American bitcoin company called Athena Bitcoin, Inc. Prior to launching BitQuick, the company was best-known for creating its Athena Bitcoin wallet for iOS and Android. Athena Bitcoin also operates a network of Athena Bitcoin ATMs across the United States. You can use the mobile app to interact with these ATMs.
BitQuick was founded in 2013.
BitQuick is an online bitcoin marketplace where you can buy and sell bitcoin within minutes. The US-based company has facilitated the sale of 56,000+ BTC over the years. BitQuick works directly with most US banks, allowing you to withdraw money from your bitcoin sale directly to your bank via a cash transfer.
To learn more about BitQuick and how it works, visit online today at BitQuick.co. You can stay buying and selling bitcoin with no identification verification when transacting amounts less than $400.