BitQuick is a cryptocurrency exchange that lets you conveniently and securely sell Bitcoins at your own price and have the cash deposited into your bank account at a 0% fee. The major difference between BitQuick and other exchanges is that it accepts only cash deposit. Additionally, traders are provided with an informative blog on the website to keep them informed.
BitQuick Review, Pros & Cons
- An intuitive trading platform
- A selection of educational resources
- Supports various Cryptocurrencies
- Not regulated
- Limited trading instruments
- Limited funding options
- No MetaTrader platforms
- No contact telephone number or live chat support
- No mobile trading app
In this detailed BitQuick review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Based in the United States, BitQuick is a cryptocurrency exchange that offers a unique way to buy and sell bitcoins with cash. They offer Bitcoins and some altcoins, including Bitcoin Cash, for online trading via an intuitive trading platform. Traders also benefit from a range of educational resources as well as a responsive client support team.
There is no regulatory information on the Exchange’s website at the moment. Most experts would not trade with an unregulated exchange as they do not offer the same level of protection as the regulated ones. Please see our trading broker reviews for alternative regulated brokers.
The Exchange offers its services to residents of jurisdictions where the use of such services would not be contrary to local laws and regulations. BitQuick currently operates in 49 of the 50 states in the United States of America.
Some BitQuick features and products mentioned within this BitQuick review may not be available to traders from certain countries because of legal restrictions.
Clients are able to buy and sell cryptocurrencies via the BitQuick trading platform, which has an intuitive interface and offers instant trade execution within three hours. The platform is web-based and can be accessed directly from the Exchange’s website with any internet-enabled device. There is no mobile app version at the moment.
BitQuick Trading Tools
There are some trading tools provided by the Exchange to assist traders. They include Trade APIs and Charts.
The Exchange provides traders with a good selection of educational resources to help them improve their financial knowledge whilst keeping them informed about the factors that move the markets. These include blogs, videos, and an FAQ section that is designed to offer instant answers to the most common questions traders may have.
The Exchange offers Bitcoin, Bitcoin Cash, and other digital assets.
BitQuick Accounts & Fees
Traders are offered a live trading account to begin trading.
As broker fees can vary and change, there may be additional fees that are not listed in this BitQuick review. It is imperative to ensure that you check and understand all of the latest information before you open a BitQuick broker account for online trading.
BitQuick offers a client support team that is available from Monday to Friday (8 am to 10 pm EST) and Saturday to Sunday (9 am to 8 pm EST) and can be contacted via email or by filling the call back form on the website.
BitQuick Deposit & Withdrawal
BitQuick processes both deposits and withdrawals using cash. Please note that wire transfers, ACH transfers, check deposits, Wells Fargo, SurePay, Chase QuickPay, and any other unauthorized payment method will not be accepted.
BitQuick Account Opening
A potential trader can register on the website by providing their name, email address, phone number, ID, and any other required details.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
BitQuick is a cryptocurrency exchange that is best suited for traders who need to make instant cash payments for their trades. They provide traders with the platform and tools to buy and sell Bitcoins and other crypto assets. There is a good range of trading and learning tools, as well as a client support team to assist traders. However, they are unregulated and this could deter most potential traders from trading with them.
Digital assets trading involves significant risk. Prices may fluctuate due to the volatile nature of digital assets. Large variations in digital assets can render them worthless in a short and unexpected period of time. There is an inherent risk that losses will occur as a result of digital exchanges. Digital assets also present risks that are generally not shared with official currencies or goods or commodities in markets.