US investors permitted
QuickBT – Detailed 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 QuickBT consists of four parts: general information, fees, deposit methods and security.
QuickBT is a Canadian cryptocurrency exchange. As a Canadian exchange, QuickBT faces tough competition on its home turf, especially from the very well renowned exchange QuadrigaCX, the smaller one EzBtc and the up and coming LinkCoin.
US-investors may not trade on this exchange. So if you are a US-investor and want to trade at QuickBT, tough luck. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.
We have not been able to find QuickBT’s trading fees. This is potentially a risk for you as an investor (if the exchange does not inform of the fees anywhere, we believe there is a higher risk that they are high). Accordingly, we strongly urge you to make your own analysis of the trading fees at this exchange before depositing any funds here and before concluding that it is the best cryptocurrency exchange site for you.
Unfortunately, we have not been able to find information on QuickBT’s withdrawal fees either.
Taken together, the absence of information on trading fees and withdrawal fees is a BIG red flag. Apply extreme caution before trading at QuickBT.
At QuickBT, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. However, the maximum daily deposit limit is CAD 200. The exchange claims that this limit is to prevent against fraud. This seems very odd to us. This was another “raised eyebrow” on our part.
QuickBT’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.
To conclude, we see absolutely no reason whatsoever why you should buy or sell cryptocurrencies at QuickBT. Stay away!
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.