BitQuick review & 4 testimonials for bitquick.co (01.2020)
- Overview: is BitQuick safe?
- Pros & Cons of BitQuick
- Services, BitQuick Provides
- Currencies & Payment Systems
- BitQuick fees
- Buying and selling limits
- Supported countries
- Customer service
- Verification at BitQuick
- Deposit/withdrawal speed
- Customers' testimonials
- FAQ about BitQuick
- BitQuick vs other exchanges
- Conclusion: is BitQuick legit or scam?
What is BitQuick in a nutshell? It's a trusted, respectable, well established, promising exchange service (p2p marketplace) supporting some popular crypto: you can exchange these using the website. Exchange service started the business Oct 2013, it's a fully compliant, licensed financial company.
This service works with a number of currencies, banks, and payment systems.
Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here.
Based on this number
(2.0%)
we may say that BitQuick
charges
low fees:
2.0%
(according to our statistics,
46%
exchanges take higher average fee).
Based on all these facts, our verdict is the following: BitQuick is a legit and perfectly safe place to exchange Bitcoins, almost an ideal exchange with great feedback we can recommend to our dear visitors!
Overview: is BitQuick safe?
BitQuick is the P2P Marketplace; Athena Bitcoin, Inc (dba BitQuick) started the business in October 2013. The company is based in the United States with the headquarters located in the Chicago.
BitQuick was founded by Jad Mubaslat.
Athena Bitcoin, Inc. has several offices in the US: Chicago, Saint Louis, Dallas, Miami and branches in Latin America: Bogotá (Colombia), Buenos Aires (Argentina). Besides the exchange platform, the company also operates a network of Bitcoin ATMs.
BitQuick was one of the first exchanges in the USA and worldwide. Although it suffered a hack in March, 2016, the customers' funds were never lost.
Answering the question how safe is BitQuick:
BitQuick is perfectly safe! 100/100 rating is really hard to get, only a few competing services have such a high rating! Let's break down how the BitQuick exchange got such a rating.Pros & Cons of BitQuick
Since BitQuick is rated as one of the best exchanges in the world by our visitors, there should be many strong sides clients admire and probably some downsides anyway. Let's check it out:
- It's very stable and reliable exchange service operating from 2013.10. Fully compliant and regulated business, service provided by licensed financial company.
- Bitquick earned perfect testimonials from the clientele.
- Fees are really low here.
- Lightning-fast orders processing, according to customers feedback.
- Built-in escrow makes the process almost perfectly safe, especially when you are buying crypto.
- The quality of service, speed, etc. varies from seller to seller; the platform itself has almost zero impact on these.
Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at BitQuick! Try BitQuick today and let us know how you like it!
Services, BitQuick Provides
The platform provides the following cryptocurrency exchange-related services:
- Helps the visitors to exchange the electronic currencies.
As we can see, BitQuick doesn't provide any services besides the cryptocurrency exchange, althought it's safe to say that it does it better than many competitors!
Currencies & Payment Systems
BitQuick provides the service of various cryptocurrencies exchange.
If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Most obscure cryptocurrencies to invest in 2020.
BitQuick fees
The fees you need to pay at this p2p marketplace during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):
Are BitQuick fees high or low?
Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that BitQuick takes very low fees! According to our statistics, the majority of the competition charge way more than BitQuick does!
Buying and selling limits
This P2P Marketplace has the following limits, applicable when you buy or sell cryptocurrencies:
Supported countries
Platform allows the users from 1 countries to use the exchange. The following countries are supported by the p2p marketplace:
- United States (US)
Does BitQuick allow the users from United States (US)?
Yes, BitQuick allows the registrations from the United States! P2P Marketplace permits the users from 56 states and territories to register at and use the services exchange provides:
- Alabama (AL)
- Alaska (AK)
- American Samoa (AS)
- Arizona (AZ)
- Arkansas (AR)
- California (CA)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- District of Columbia (DC)
- Florida (FL)
- Georgia (GA)
- Guam (GU)
- Hawaii (HI)
- Idaho (ID)
- Illinois (IL)
- Indiana (IN)
- Iowa (IA)
- Kansas (KS)
- Kentucky (KY)
- Louisiana (LA)
- Maine (ME)
- Maryland (MD)
- Massachusetts (MA)
- Michigan (MI)
- Minnesota (MN)
- Mississippi (MS)
- Missouri (MO)
- Montana (MT)
- Nebraska (NE)
- Nevada (NV)
- New Hampshire (NH)
- New Jersey (NJ)
- New Mexico (NM)
- New York (NY)
- North Carolina (NC)
- North Dakota (ND)
- Northern Mariana Islands (MP)
- Ohio (OH)
- Oklahoma (OK)
- Oregon (OR)
- Pennsylvania (PA)
- Puerto Rico (PR)
- Rhode Island (RI)
- South Carolina (SC)
- South Dakota (SD)
- Tennessee (TN)
- Texas (TX)
- U.S. Virgin Islands (VI)
- Utah (UT)
- Vermont (VT)
- Virginia (VA)
- Washington (WA)
- West Virginia (WV)
- Wisconsin (WI)
- Wyoming (WY)
Americans are welcome to exchange various cryptos that are supported by the p2p marketplace.
Please visit the exchange's website to check the offers that are currently active!
Customer service
Verification at BitQuick
The p2p marketplace may require the customers to pass through the user identification (account verification) process. The following procedures should be completed if the customer needs to exchange an amount over $400 USD in equivalent:
- Phone confirmation
Note that the verification is only required for amounts over $400!
According to the customers surveys results, the average time to verify an account at BitQuick is the following:
Sorry, we haven't yet collected enough data. Do you know, how fast BitQuick does account verification? Kindly let us know, too. Thank you very much!
Deposit/withdrawal speed
Unlike all other exchange platforms, the P2P marketplace has almost no control over the funds delivery speed. In fact, it all depends on the dealer: if him or her will be fast, your monies are in wallet in no time. But if he/she is not — that's a completely different story!
The good thing is that you always can see the data about average escrow release, etc. before doing an exchange: choose the dealers with good feedback and nice stats and you should never ever have any problems!
Customers' testimonials
Our users left 4 testimonials about their experience dealing with BitQuick, 100% of the testimonials are positive, 0% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!
Quick exchange and good service. No problems at all, probably the best and fastest way to convert your cash 2 coins!
Cool exchange to buy Bitcoins with cash deposit in the US. A lot of banks & CUs are supported, very nice!
I am a regular here, I like the service and everything. A nice choice of banks and credit unions where you can make a cash deposit!
I'm using it since like five years maybe.It's an awesome exchange I never get any kinds of problems. You can pay Western Union or bank deposit here, it's a great one if you want to purchase BTC with cash!!
Overall result if great! 100% positive testimonials is something the business owners are very proud of, such a rating is hard to get and even harder to maintain! It means the community really trusts and likes the BitQuick services, so most likely, you'd enjoy it too!
FAQ about BitQuick
Does BitQuick holds my funds?
Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" BitQuick holds your balance at it's own hot storage wallet. Funds are kept on the escrow accounts, this is how P2P markets operates; but it's much safer to store your funds at other place.
Is BitQuick a good p2p marketplace?
According to our rating and the clients' testimonials, it is! Feel free to get acquainted with the details reading this review or just jump to the conclusion!
Is BitQuick licensed? Does it hold e-money license?
Although Athena Bitcoin, Inc (registered name of company operating BitQuick exchange)holds no special licenses, it fully complies with the regulation in United States; no license is required there to run such a business.
Is BitQuick a ripoff?
It definitely isn't! Feel free to read the whole this review to understand why or check our conclusion: is BitQuick legit or scam.
What states BitQuick serves?
Due to the current regulation (and particularly, the terms of the BitLicense) allows the residents of all the states, besides the New York, to use the service without any limitations.
BitQuick vs other exchanges
Let's compare BitQuick to other similar exchange services with similar features: others of p2p marketplace type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!
BitQuick vs CEX
Let's compare the key features of these two platforms to see which one suits you best:
- CEX is a trading platform BitQuick is a p2p marketplace, it has a different business model (feel free to read about the differences between trading platform and p2p marketplace)
- CEX had started the business July 2014 BitQuick started the business October 2013 (BitQuick operates 9 months longer).
- CEX has all the required business licenses and permissions BitQuick has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
- Besides buying, selling and exchanging cryptocurrencies, CEX provides the following extra services: Margin Trading BitQuick provides us with less services, related to the crypto exchange: it just exchanges cryptos.
- 4 fiat currencies are available at CEX BitQuick doesn't allow to use any fiat currencies (BitQuick supports 4 fiat currencies less).
- CEX accepts deposits from and allows withdrawals to 4 fiat payment systems / banks BitQuick doesn't support fiat payments in any form (BitQuick supports 4 banks and fiat payment systems less).
- CEX charges 1.0% — 5.0% fee BitQuick charges the client 2.0% fee, depending on the currency, payment system, etc. (BitQuick has higher fees, generally).
- CEX allows registrations from 224 countries; United States is among the supported ones You may register at BitQuick if you reside in one of 1 countries; it serves United States among others (BitQuick supports less countries).
- During the account verification CEX usually asks for 3 documents and/or procedures: (id verification, phone confirmation, selfie) and it takes a day or two in most of the cases User identification at BitQuick usually consists of 1 procedure: phone confirmation (BitQuick 's compliance program requires the client to take more actions or to provide more data).
- Due to results of community feedback, CEX process deposit/withdrawal orders in about in couple of minutes (although the exchange is instant) Due to results of community feedback, BitQuick process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (BitQuick processes deposits and withdrawals faster
- Our users left 16 testimonials about CEX, 94% of which are positive We've collected 4 users testimonials about BitQuick, 100% are positive (BitQuick has better testimonials from the clients
Although the final decision, which exchange — CEX or BitQuick — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although BitQuick has a better total rating 100 vs CEX's 93, we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
BitQuick vs LocalBitcoins
Let's compare the key features of these two platforms to see which one suits you best:
- LocalBitcoins is a p2p marketplace BitQuick is a p2p marketplace, both are using the same business model.
- LocalBitcoins had started the business June 2013 BitQuick started the business October 2013 (LocalBitcoins is working for 3 months longer time).
- LocalBitcoins is an ordinary company without licenses, etc. BitQuick has all the required business licenses and permissions (BitQuick utilizes a safer and more stable business model).
- Besides buying, selling and exchanging cryptocurrencies, LocalBitcoins provides no extra services BitQuick provides us with less services, related to the crypto exchange: it just exchanges cryptos.
- 74 fiat currencies are available at LocalBitcoins BitQuick doesn't allow to use any fiat currencies (BitQuick supports 74 fiat currencies less).
- LocalBitcoins accepts deposits from and allows withdrawals to 190 fiat payment systems / banks BitQuick doesn't support fiat payments in any form (BitQuick supports 190 banks and fiat payment systems less).
- LocalBitcoins allows registrations from 255 countries; United States is among the supported ones You may register at BitQuick if you reside in one of 1 countries; it serves United States among others (BitQuick supports less countries).
- During the account verification LocalBitcoins usually asks for some (it depends) documents and/or procedures User identification at BitQuick usually consists of 1 procedure: phone confirmation (BitQuick 's compliance program requires the client to take more actions or to provide more data).
Although the final decision, which exchange — LocalBitcoins or BitQuick — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
BitQuick vs Paxful
Let's compare the key features of these two platforms to see which one suits you best:
- Paxful is a p2p marketplace BitQuick is a p2p marketplace, both are using the same business model.
- Paxful had started the business May 2015 BitQuick started the business October 2013 (BitQuick operates 1 years and 7 months longer).
- Paxful is an ordinary company without licenses, etc. BitQuick has all the required business licenses and permissions (BitQuick utilizes a safer and more stable business model).
- Besides buying and selling cryptocurrencies, Paxful provides no extra services BitQuick provides us with less services, related to the crypto exchange: it just exchanges cryptos.
- 60 fiat currencies are available at Paxful BitQuick doesn't allow to use any fiat currencies (BitQuick supports 60 fiat currencies less).
- Paxful accepts deposits from and allows withdrawals to 61 fiat payment systems / banks BitQuick doesn't support fiat payments in any form (BitQuick supports 61 banks and fiat payment systems less).
- Paxful allows registrations from 255 countries; United States is among the supported ones You may register at BitQuick if you reside in one of 1 countries; it serves United States among others (BitQuick supports less countries).
- During the account verification Paxful usually asks for some (it depends) documents and/or procedures User identification at BitQuick usually consists of 1 procedure: phone confirmation (BitQuick 's compliance program requires the client to take more actions or to provide more data).
Although the final decision, which exchange — Paxful or BitQuick — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
BitQuick vs Binance
Let's compare the key features of these two platforms to see which one suits you best:
- Binance is a trading platform BitQuick is a p2p marketplace, it has a different business model (feel free to read about the differences between trading platform and p2p marketplace)
- Binance had started the business April 2017 BitQuick started the business October 2013 (BitQuick operates 3 years and 6 months longer).
- Binance has all the required business licenses and permissions BitQuick has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
- Besides the crypto to crypto exchange, Binance provides the following extra services: Mobile wallet, Lending and the Margin Trading BitQuick provides us with less services, related to the crypto exchange: it just exchanges cryptos.
- Binance charges 0.0% fee BitQuick charges the client 2.0% fee, depending on the currency, payment system, etc. (BitQuick has higher fees, generally).
- Binance allows registrations from 255 countries; United States is among the supported ones You may register at BitQuick if you reside in one of 1 countries; it serves United States among others (BitQuick supports less countries).
- During the account verification Binance usually asks for 1 document / procedure: (selfie) User identification at BitQuick usually consists of 1 procedure: phone confirmation (BitQuick 's compliance program requires the client to take more actions or to provide more data).
- Our users left 17 testimonials about Binance, 94% of which are positive We've collected 4 users testimonials about BitQuick, 100% are positive (BitQuick has better testimonials from the clients
Although the final decision, which exchange — Binance or BitQuick — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although BitQuick has a better total rating 100 vs Binance's 94, we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
BitQuick vs Changelly
Let's compare the key features of these two platforms to see which one suits you best:
- Changelly is a broker BitQuick is a p2p marketplace, it has a different business model (feel free to read about the differences between broker and p2p marketplace)
- Changelly had started the business December 2013 BitQuick started the business October 2013 (BitQuick operates 2 months longer).
- Changelly has all the required business licenses and permissions BitQuick has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
- Besides the digital currencies exchange, Changelly provides no extra services BitQuick provides the same number of services as Changelly: it just exchanges cryptos.
- Changelly allows registrations from 242 countries; we are sorry, but United States is not supported this time You may register at BitQuick if you reside in one of 1 countries; it serves United States among others (BitQuick supports less countries).
- Changelly allows the user to be anonymous, there is no account verification, etc. User identification at BitQuick usually consists of 1 procedure: phone confirmation (BitQuick 's compliance program requires the client to take more actions or to provide more data).
- Due to results of community feedback, Changelly process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay Due to results of community feedback, BitQuick process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (BitQuick & Changelly process the deposits and withdrawals with equal speed).
- Our users left 17 testimonials about Changelly, 94% of which are positive We've collected 4 users testimonials about BitQuick, 100% are positive (BitQuick has better testimonials from the clients
Although the final decision, which exchange — Changelly or BitQuick — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although BitQuick has a better total rating 100 vs Changelly's 94, we recommend you to look at the list above and decide, what is most important for you!
If you feel like need more comparison versus other exchanges, feel free to check these:
Conclusion: is BitQuick legit or scam?
Now it's time to draw a conclusion, is BitQuick a scam or is it a legit exchange? We are 100% sure BitQuick is a trusted, legit exchange with great reputation in the community. There is no way it can be called a scam! Let's summarize what we like most (and what we don't) about the BitQuick:
- It is licensed, regulatory compliant financial company
- The p2p marketplace holds users' funds
- This company has being in the business for a long time; exchange was started 6 years and 11 months ago
- It charges low fees: 2.0%; although the exchange of smaller amounts is rather inexpensive
- BitQuick allows registrations from 1 countries; people from United States may use the service
- Clients' testimonials are perfect, 100% (4 out of 4) note their positive experience dealing with BitQuick. According to the customers feedback:
- Deposits and withdrawals are instant
Stable and trusted exchange with solid reputation in the community. If you are in the US, it's a great choice to buy and sell Bitcoins!