This post contains affiliate links. Before reading more, an important disclosure.
- Fast way to purchase bitcoins with cash
- Markup on Bitcoin price can by high at times
- Payment Methods Accepted
- Supported Countries
- BitQuick vs Other Cash Exchanges
- Limits & Liquidity
- Customer Support
Payment Methods Accepted
Buyers using BitQuick can use just one payment method to purchase bitcoins:
This means you will go to the bank of a Bitcoin seller and make a cash deposit into their account.
Once the seller sees the deposit in their account they release the bitcoins to you on BitQuick.
BitQuick operates in 49 US states.
New York is the only state not supported because BitQuick stopped service in New York due to the BitLicense.
BitQuick vs Other Cash Exchanges
Cash is the most popular payment method on BitQuick. This table compares it so some other cash exchanges.
|Exchange||Fees ||ID Required ||Countries|
|Wall of Coins||~1%||No||12 Countries|
BitQuick requires ID verification for purchases of bitcoin.
Limits & Liquidity
BitQuick lets buyers and sellers agree on trades and enforces no limits.
BitQuick’s buy and sell offers are publically available. You can check the orderbook at anytime.
There are usually many offers for different sized purchases and at many different bank branches.
BitQuick’s goal is to deliver bitcoins to buyers fast. In most cases you can receive your bitcoins within one hour of payment.
The fact that BitQuick shut down until it fully understood the cause of the hack shows that it does care about the security of its customers’ personal information and funds. No customer funds were lost in the hack.
Buyers fees are 2% for cash deposit purchases.
This is somewhat high for cash purchases of bitcoin, but the speed and reliability of BitQuick makes this fee worth paying for some.
If you plan on selling bitcoins, BitQuick is a great platform. You can often sell your coins for higher than market rate, and on top of that BitQuick does not charge sellers any fees.
Review by: Jordan Tuwiner
Rating: 4.6Visit bitquick.co