The current hype of bitcoin trading has caught the attention of many newbies who are ready and set to begin their online money-making through crypto trading, which is run by the authorities who disseminate the power, unlike state currencies.
Bitcoin is decentralized, which means any governing bodies do not support it. Besides, it is a complex system of computers that is sponsored and run by the blockchain system. Bitcoin was among the earliest digital currencies to use peer-to-peer networking to allow for rapid transactions.
Bitcoin “mining companies” that own ruling computational resources and contribute within the bitcoin system are responsible for executing transactions via blockchain and thus are encouraged by bonuses.
So if you’re either a bitcoin trader or a beginner, this review is for you to assist you with a complete overview of the BitQuick bitcoin trading system and how you can easily trade bitcoins through BitQuick without worrying about getting scammed.
About BitQuick: What is BitQuick
BitQuick is perhaps a community bitcoin Trading system that allows users to buy bitcoins from each other. Athena Bitcoin Inc is situated in the United States and now has branches in Chicago, Saint Louis, and Dallas runs and operates BitQuick.
Both bitcoin and paper cash is retained as purchasers and dealers perform the required formalities to finish the transaction. They are featuring a simple payment system and a shortened payment process. BitQuick is among the quickest and legit ways to trade the most popular cryptocurrencies.
At the beginning of 2014, Bitquick became the only Bitcoin exchange platform to give open verification of deposits. The trade does not have a particular objective; instead, it is centered on the international trade system and accepts dealers throughout the globe.
All About BitQuick Features
BitQuick is quick and easy to operate. Their user interface is fantastic, and the system is sleek and straightforward to use. The site is mobile-friendly and appears excellent on any device.
BitQuick is very confidential because it does not involve a considerable amount of user authentication. The system will not share anything like private details with foreign entities and, therefore, will stay anonymous about the profiles of its members.
Service charges: On money transfer purchases, the purchaser’s charge is 2%. BitQuick doesn’t charge suppliers additional fees, so you may typically sell the bitcoins for more than market value.
BitQuick’s user service is solely available through email and tickets, although they typically answer swiftly, usually within an hour.
Safety feature: The BitQuick system provides a third-party Escrow account for holding cryptocurrencies throughout trades, as well as a confirmation of deposits display that enables users to see the sum of bitcoins kept in every one of the Escrow accounts.
How to verify bitcoins at BitQuick
To purchase or exchange Bitcoins, confirmation is not required. To reach a sale, individuals don’t need to create a profile. They only require you to submit a Gmail account and also an external wallet URL. Traders must complete an application that requests a limited amount of personal details, but this is still preferable to the authentication protocols used by other markets.
The company may demand Text confirmation or documentation in specific situations. Bitquick declared this publicly in July 2015. In most circumstances, a photograph of the driving license is required. However, state IDs or passports are also accepted in some instances.
How to purchase bitcoin on BitQuick
Buyers are requested to specify the number of Bitcoins they want to buy, and also their email address and Bitcoin account, once beginning the “fast buy.” The customer can then select a banking facility from a range of authorized institutions, each with a cost / Bitcoin displayed.
Every buyer will get a verification email and the bank information under which the deposited amount will be put after choosing a preferred bank branch. Payments can be deposited at any of the specified bank’s branches. In addition, paying using cash is essential. The supplier’s account will be credited directly once the money is transferred. This is why only cash payments are permitted – the other means of payment will take ages, and the seller will be unable to verify the cash transfer within the accepted time (3 hours).
Once paying the payment, the customer needs to snap a screenshot of the receipt then post it on the URL given in the Bitquick verification email. It was necessary to avoid conflicts with the seller, claiming that the payment is never received.
How to sell bitcoin on BitQuick
It’s pretty simple to trade Bitcoin on Bitquick, and it’s also absolutely free of cost. The seller must fill out the application form with the necessary account information and other essential information.
Afterward, the seller decides on the quantity of Bitcoin he intends to trade and the authorized payment size. The desired rate can be selected to match either Bitstamp or Bitfinex, the two price collectors. Then there is this other option of setting the value, a percentage higher or lower than the usual.
After entering this data, the seller’s private escrow address is revealed. The offer will go live on the Bitquick website after the seller transfers the required sum of Btc to the account.
Whenever a customer sets a hold on a certain quantity of Bitcoin, the trader will receive a verification email with a couple of links: one to verify the payment and launch the escrow, and the second one to deny the charge. Because the price is made in cash, it must arrive immediately, and the seller is required to respond within the SLA of three hrs of getting the verification email.
fees and Charges
The fee-charging structure of the trade is highly straightforward. The company charges 2% of the total transaction value from buyers and no fee from sellers.
Money transfers and SEPA transfers are the sole options for payment transfer and withdrawals. Additional payment options are not presently accepted. Once the buyer is confirmed, the purchase must be made within the time limit.
The traders will be permanently removed from the site if they have more than two unpaid buyer holds in a time of 72-hours.
The trading site levies a vast 5% fee if the seller wishes to take back Bitcoin from the escrow account. As a result, before making a trade, consumers must be confident that they intend to sell the Bitcoin on Bitquick.
Is BitQuick Legit Or Not?
BitQuick is unquestionably not a rip-off. It’s secure, legal, and reliable for two main factors. The very first reason is that it has clear and open evidence of assets. A foreign audit committee has confirmed that a corporation (in the case of, BitQuick) does have a particular sum of assets. BitQuick is both clear and transparent so that you can rest confident.
Secondly, BitQuick is secure due to its usage of escrow. When a seller intends to exchange on BitQuick, his BTC is deposited in escrow and will be stored in escrow till the purchaser posts a copy of their money transfer receipt on the site. BitQuick then transfers bitcoin into the buyer’s account.
Whenever you wish to purchase a bitcoin within $10,000, Bitquick is your only most excellent possibility. It’s secure, quick, and simple to operate, with minimal charges. As a result, I’m pleased to give it a whole five-star rating.