NOTE: I have no affiliation with bitquick.co, these are strictly my thoughts as a first time user.

Why buy from Bitquick.co?

I've previously bought bitcoin from Coinbase, but I moved to a state where coinbase is banned. So I had 3 other choices AFAIK.

• Uphold
• LocalBitcoins
• Bitquick

Uphold

The process at Uphold is very similar to Coinbase where you link a bank account and transfer funds from there to your Uphold account. After 5-7 business days, your funds are available to use to purchase a few cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, the deposit process takes so long that I was getting bored waiting for it to deposit even though it already debited from my bank account.

LocalBitcoins

LocalBitcoins is a service where people post how many bitcoins they have for sale and the various ways you can pay them for it. I didn't like the lack of security with LocalBitcoins or the non-competitive rates. All rates seemed to be higher than most exchanges.

After looking into these two, I decided to look at Bitquick.co. Here are some of my thoughts on buying from this platform.

Bitquick

How it works

Bitquick basically acts like an escrow service holding the bitcoin from the seller. The seller names a price and buyers are able to purchase at that price (plus some minor fees). A buyer puts a hold on some amount of bitcoin from a seller and then has 3 hours to do a cash deposit to the sellers bank. Here's the instructions from the website.

Buying

1. Select an order from the current order book, enter your email address and submit.
2. Pay the described sum in cash (physical bills) to the account shown on the confirmation page by going to any local branch of the sellers bank and filling out a deposit slip.
3. Upload the receipt to link that is provided in your email.

Selling

1. Fill out the sell form.
2. Deposit the necessary amount of Bitcoin (BTC) for sale into your personalized escrow address that is provided after you create your order.
3. Receive cash deposits from buyers on BitQuick.co instantly, and confirm these deposits with BitQuick. An email will be sent automatically to remind you when a deposit is made.

That's it! It's a pretty simple process, but getting cash, then going to the bank while the teller looks at you thinking, "why is this guy depositing all this money into someone else's bank account..." can be a bit of a hassle. The scary part is waiting for the bitcoin to arrive at the address. It says 3 hours on their website, but it took 6 for me and I was a nervous wreck the whole time.

Pros

• Competitive rates - typically you can get bitcoin below market rate
• Relatively quick - took about 6 hours for me
• Non-invasive - some exchanges require knowing a ton of personal information, but Bitquick just wants an email and a bitcoin address to deposit your funds.
• Email Updates - Every step of the way, you are emailed with the status of your order, so you know when you should've received bitcoin.

Cons

• User Interface - typically you can get bitcoin below market rate
• Cash Deposits Only - I'm always leery of cash deposits because there's no way of reversing that, but that's the point of using cash deposits. Otherwise sellers could get screwed.
• Unprofessional Website - it's hard to trust a company when they don't use a .com address or the website looks like a simple WordPress site.
• Customer Support - customer support is available through Athena Bitcoin via email and is not 24 hours.

Overall, I think Bitquick is a decent service. With a few tweaks here or there it could be much better, but it definitely served its purpose. I just wanted to create this post for anyone who is skeptical and let you know it did work for me.

Happy trading!