US investors permitted
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, this trading platform 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.
QuickBT Trading fees
We have not been able to find this exchange’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.
QuickBT Withdrawal fees
Unfortunately, we have not been able to find any information on this exchange’s withdrawal fees either.
Taken together, the absence of information on the trading fees and the withdrawal fees is a BIG red flag. Apply extreme caution before trading at QuickBT.
At this trading platform, 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.
This exchange’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below the industry average when it comes to the top crypto exchanges.
To conclude, we see absolutely no reason whatsoever why you should buy or sell cryptocurrencies at QuickBT. Stay away!
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: