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Last update 29.05.2020 00:10
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Why Bitquick is a safe option for Europe customers

Bitquick review

Are you going to dig into cryptocurrency trading? Then Bitquick Co review will be helpful. It is a good choice if you are a beginner. The company was founded by the US company Athena Bitcoin Inc. with offices in several cities of the country. It had different name at first but after rebranding of 2013 it acquired its present name. As they consider, a new name represents the main activity of the company better.

Some reviewers call Bitquick a safe option. Let us look if it is really so.

Security of assets is one of the principal issues when you choose the trading platform. If it is decentralized platform like this one, then risk of hackers’ attack is lower. Bitquick offers multi signature wallets to perform transactions. The exchange was the first to introduce P2SH multisignature addresses, realized with assistance of bitgo service. It was not the only innovation implemented on the site. Proof of reserves is one more thing that was done ahead of others. Use of such wallet decreases risk considerably as 3 keys are necessary to sign the transaction. These security measures are helpful in case transaction does not exceed $250,000. As a rule, BTC traders find the amount sufficient. SSL encryption contributes to secure communication via the platform. AES256 encryption standard is used to protect clients from phishing and MITM attacks.

The necessity of KYC documents is usually perceived negatively by customers who try to protect their privacy. But the situation is different with BitQuick, which is not an exchange but P2P platform. Being a money service business, the site requires minimum documents to function. Therefore, one just needs photo to verify identity. However, you may need more than that with growth of transaction limits. There is a tiered system of verification on the platform.

In accordance with reviews, one can buy BTC within 3 hours.
The type of platform is peer-to-peer so users connect each other and trade crypto between each other. The scheme of work is just the same as LocalBitcoins practices. BitQuick in its turn offers escrow services.

Decentralization of the exchange alleviates the legal aspect. The company does not have to face some regulatory issues because of it. Usually exchanges have obstacles with it. The platform can be used in almost all states of USA (49 with exception of New York). Users from European countries, Canada, Australia and Russian can also become members of the site. Despite lack of problem, sellers from other countries seldom trade at the exchange. It is usually more convenient to do it in their own regions.
The fee is 2% on purchases. The seller is not charged with fee. Only buyer pays fee. Some customers are not satisfied with it and consider the fee high. Other similar sites do not charge for it. The fee is taken for escrow services.

The main advantage of the exchange is the possibility to buy cryptocoins easily. It is possible to pay money to the seller’s bank account directly when buying coins and only then transfer funds.

Wire transfers are not allowed on the site. However, if customers of Bitquick are in Europe, they can do it via EUR SEPA payments.
Those who want to sell digital cash, should transfer funds to the wallet of the platform.

The support team includes highly qualified professionals. They are very responsive and always ready to help. There are 4 different ways to contact the support so it is up to you, which one to choose. Email letter and online form are the most effective means to get the answer fast. You can also apply to the facility via social networks. Tickets are served longer as a rule.

Sometimes Bitquick codes are offered to users thus making the offer especially appealing. If after the review, the offer still suits you, register and log in to Bitquick and start trading.

There are actually no boundaries to trade anywhere nowadays. Still New Zealand users prefer to be served at New Zealand exchange Nexchange, while Hong Kong exchanges Gatecoin and Mercatox accepts mainly Asian traders. Who do you think is the average user at Mexican Bitso? You guessed it right. Mexicans and other users from Latin America. The same situation is observed at Polish Bitmarket, which is open to citizens of different countries, but it is more convenient for Europeans. It is natural even in the conditions of globalization as we all depend upon the infrastructure surrounding us. We may not even be aware about payment systems popular overseas and use what is convenient in our situation.  
 

 

Why Bitquick is a safe option for Europe customers 👍👍👍 - average rating 5 from 5 (based on 68 user reviews)