Bitquick Logo PNG Transparent Images

Submitted by on Nov 11, 2022

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The sole way to purchase and sell bitcoins on BitQuick is with cash, making it a unique Bitcoin exchange. Originally founded in 2013 under the name “BuyBitcoins.us,” the firm is now known as “BitQuick.” The corporation has only operations inside the 49 US states and is based in Cincinnati, Ohio. The fact that BitQuick exclusively accepts cash sets it apart from other exchanges the most.

The user chooses a desired order from the order book, enters their email address, and clicks submit to utilize the exchange. The purchaser will next proceed to a physical bank that is supported by the vendor, complete the deposit form using the vendor’s account details, and deposit the money together with the deposit form. The purchaser is required to photograph the receipt and upload it using the link provided in your order email. With BitQuick, you can only purchase and sell bitcoins this way; bank wires, check deposits, e-transfers, etc. are not accepted. Within three hours of the vendor receiving the money, the buyer will receive the coins.

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Bitcoin and actual cash are the only two deposit and withdrawal options supported by BitQuick. When compared to the majority of other cryptocurrency exchanges, this is what sets BitQuick apart. The user will need to deposit cash into a bank the merchant supports in order to purchase bitcoin. The seller will release the Bitcoin to you via the BitQuick platform, where it will go directly to your individual Bitcoin wallet, as soon as they have the funds in their account.

It is considerably simpler to sell Bitcoin than it is to purchase it. When an order has been fulfilled, the seller only needs to complete a sold form from BitQuick and deposit a certain quantity of Bitcoin to the specified escrow address. Receive the buyer’s payment into your bank account, authorize the sale, and then release the Bitcoin. Actually, it’s fairly easy.

Only 49 of the 50 states in the United States presently have BitQuick working there. This is partly because of the banks that the service’s users accept.

Users of BitQuick pay a 2% fee when purchasing Bitcoin, however there are no costs when selling Bitcoin. Although the price for cash deposits is very high, it is very competitive when compared to the fees charged by many other cryptocurrency exchanges.

On BitQuick, buyers may choose from a range of prices, even as little as $10. But it all relies on if there are any vendors prepared to accept the price you’re willing to pay. Through BitQuick, a user may only purchase a maximum of $10,000 worth of Bitcoin at once. However, there can be certain restrictions on deposits, depending on the bank in question. Considering that BitQuick is a cash-only Bitcoin exchange, its liquidity is excellent, especially given that buyers and sellers may connect from all 49 states in the United States.

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