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Bitquick

2.5 from 4 votes
USA
Supported coins

Fees

Taker fee

2%

Maker fee

2%

Withdrawal fee

0.001

Funding methods

Wire transfer

Limit(s):

Only cash accepted.

Credit card

Limit(s):

Only cash accepted.

Other crypto

Limit(s):

Only cash accepted.

US investors permitted


BitQuick Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of BitQuick consists of four parts: general information, fees, deposit methods and security.

General Information

BitQuick’s domicile country is USA and, accordingly, they accept US-investors. BitQuick calls itself the premier service to buy Bitcoin in just 3 hours. At the time of writing this review, it is stated on its website that the average processing time is 27 minutes.

The only cryptocurrency you can trade here is BTC. If you want to trade the less known coins (Centrality, Ethbits Token, Neutron Coin, Pareto Network Token, Rebellious Coin, or any coin with a similar market capitalization to those), you’ll have to look elsewhere.

Bitquick Fees

Bitquick Trading fees

The one thing you must always remember is to check the trading fees of an exchange that interests you.

BitQuick is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The only service offered is facilitating buying and selling BTC. You can view BitQuick as a market place where buyers and sellers meet in order to agree on transactions. But BitQuick takes a 2% service fee and a 0.001 BTC mining fee.

Bitquick Withdrawal fees

Considering how this exchange operates, withdrawal fees are irrelevant. One could, however, view the 0.001 BTC mining fee as some sort of withdrawal fee.

Deposit Methods

BitQuick offers wire transfer as a deposit method, but you can’t deposit via credit card.

Security

One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. Two reasons:

  • Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
  • Exchanges handle of course a lot of cash or coin deposits and withdrawals.

This exchange’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.

Good luck!

BitQuick compared with other cryptocurrency exchanges
Cryptowisser – Your Trading Cryptocurrency Guide