From the Bitquick website:
...as a buyer?
1. Select an order from the current order book, enter your email and Bitcoin address and submit.
2. Pay the described sum to the account shown on the confirmation page by going to any local branch of the sellers bank and filling out a deposit form with cash, making an ATM deposit, or sending a bank transfer.
3. Email the receipt to [email protected].
We send you the coins typically within 1 hour of the funds being confirmed by the seller.
-----------------------------------------------
It's quite clear that the bitcoins are not sent until after the seller confirms the funds. So the seller simply lies, and thousands of dollars are gone for good into the "sellers" account. The deposit receipt is meaningless in this model as nothing appears to be sent until confirmed by the seller. No reason to even mess with scanning and emailing a receipt if it doesn't work as proof of funding. It's all based on the ethics of the anonymous sellers.
Topic: [ANN]BitQuick.co- Fastest method on the market of converting FIAT <--> BTC!! - page 6. (Read 43870 times)
January 25, 2014, 12:51:47 AM
January 25, 2014, 12:40:04 AM
Thanks for the reply. My apologies if this is not true.
I guess I still don't understand your model. As I understand it, the buyer deposits the money directly to a bank account of the seller, not a Bitquick account. I don't see any possible way bitquick could guarantee that these sellers, especially in places like Taiwan wouldn't simply state that the funds were never received and keep the bitcoins. Bitquick has no possible way of verifying that the funds are in the account other than the deposit receipt. How could bitquick possibly guarantee funds that it has no control of or even viewing access too? No way to even verify a sellers statements.
Seller lies and says the funds were not deposited and retains the bitcoins.
Buyer is scammed for the total amount with no options for recovery since he/she deposited the funds directly into the sellers account.
I guess it comes down to who bitquick is going to believe. It already looks like there's a bias towards believing sellers and that the buyers are scammers. It's too bad, because this could be a useful service if BOTH parties were protected.
I guess I still don't understand your model. As I understand it, the buyer deposits the money directly to a bank account of the seller, not a Bitquick account. I don't see any possible way bitquick could guarantee that these sellers, especially in places like Taiwan wouldn't simply state that the funds were never received and keep the bitcoins. Bitquick has no possible way of verifying that the funds are in the account other than the deposit receipt. How could bitquick possibly guarantee funds that it has no control of or even viewing access too? No way to even verify a sellers statements.
Seller lies and says the funds were not deposited and retains the bitcoins.
Buyer is scammed for the total amount with no options for recovery since he/she deposited the funds directly into the sellers account.
I guess it comes down to who bitquick is going to believe. It already looks like there's a bias towards believing sellers and that the buyers are scammers. It's too bad, because this could be a useful service if BOTH parties were protected.
January 24, 2014, 11:32:21 PM
I'm getting a "This connection is untrusted" error today. Are you having problems with your security certificate?
Disregard, it seems to be working correctly now.
Has anyone used the OP's affiliate site altquick.co for scryptcoin trading? I was thinking of using it but when I emailed the listed email address it bounced back. I've pm'ed BuyBitcoin.US but maybe someone else here has personal experience
We have had several reviews over at https://bittrust.org/altquickco Did you email [email protected]? The email is being used as we speak. Not sure what happened!It's a scam for buyers. There is absolutely no protection from what I can see. You deposit the cash in the sellers bank, then it's gone for good with no possibility for getting it back. The seller simply tells bitquick that they didn't receive the payment and pockets the cash while retaining their bitcoins.
The escrow needs to work both ways to also protect the buyers.
The escrow needs to work both ways to also protect the buyers.
All deposits are guaranteed. Since our opening in August, 2013 there has not been 1 buyer scammed using our service. More interestingly, not even 1 attempt to scam a buyer. The only scam attempts that are being attempted have actually only been from the buyer's side thus far attempting to defraud sellers.
Please check out http://bittrust.org/bitquickco for our plethora of 5 star reviews as well.
We work hard to make our customers happy. Every single one.
January 24, 2014, 01:41:56 PM
It's a scam for buyers. There is absolutely no protection from what I can see. You deposit the cash in the sellers bank, then it's gone for good with no possibility for getting it back. The seller simply tells bitquick that they didn't receive the payment and pockets the cash while retaining their bitcoins.
The escrow needs to work both ways to also protect the buyers.
The escrow needs to work both ways to also protect the buyers.
January 24, 2014, 12:14:08 PM
Has anyone used the OP's affiliate site altquick.co for scryptcoin trading? I was thinking of using it but when I emailed the listed email address it bounced back. I've pm'ed BuyBitcoin.US but maybe someone else here has personal experience
January 20, 2014, 05:44:05 PM
I'm getting a "This connection is untrusted" error today. Are you having problems with your security certificate?
Disregard, it seems to be working correctly now.
January 20, 2014, 05:24:22 PM
I'm getting a "This connection is untrusted" error today. Are you having problems with your security certificate?
January 07, 2014, 03:41:47 AM
The "Dollars BTC" field on the site doesn't seem to sort properly. Or is it just my browser action?
Nope, you are correct and it is a bug inherent with our Dynamic Pricing feature right now. We are working on a fix still. Sorry for any inconvenience!
January 01, 2014, 08:42:47 AM
The "Dollars BTC" field on the site doesn't seem to sort properly. Or is it just my browser action?
November 29, 2013, 09:42:17 AM
is your .tw site dead? i deposited 8.6 btc 6 hours ago and the order is still not live. no response from support emails either.
Nope, it is alive and well! Did you put the order up outside of business hours possibly?
November 28, 2013, 02:12:02 PM
is your .tw site dead? i deposited 8.6 btc 6 hours ago and the order is still not live. no response from support emails either.
November 24, 2013, 04:09:13 PM
Withdrawal fee reduced to .02 BTC and maximum single buy transaction limit added ($10,000). So far, we haven't had any transactions exceed this limit anyhow.
November 21, 2013, 06:41:47 AM
Hi,
I am thinking about becoming a seller and was wondering if you could address some concerns and questions I have.
Why am I charged a 0.05 fee to withdraw my coins if I am seller? Seems steep, especially if I want to try out with a small amount (like say 0.05).
What is the volume on your site? I am concerned about depositing coins and having no buyers.
In the FAQs, it says the buyers have to send a copy of a receipt and then you will release the coins. On the sellers side, it says coins aren't released until I confirm that the deposit was made - which one is it?
Have you had any problems with people generation fake deposit receipts?
Thanks guys! Hope this all works out!
I am thinking about becoming a seller and was wondering if you could address some concerns and questions I have.
Why am I charged a 0.05 fee to withdraw my coins if I am seller? Seems steep, especially if I want to try out with a small amount (like say 0.05).
What is the volume on your site? I am concerned about depositing coins and having no buyers.
In the FAQs, it says the buyers have to send a copy of a receipt and then you will release the coins. On the sellers side, it says coins aren't released until I confirm that the deposit was made - which one is it?
Have you had any problems with people generation fake deposit receipts?
Thanks guys! Hope this all works out!
Hi Steelfox,
The 0.05 BTC is a processing fee. That fee was determined back in August, and has not been adjusted to reflect the recent price increase yet. We plan to reduce that fee to 0.02 BTC this week.
As far as volume goes, we are on Bitcoinity.org so that will show you detailed stats for our EUR and USD orders. A rough estimate would say we are having around 17 BTC trading a day.
The issue recently has been a lack of sellers putting their prices at Mt. Gox rate or lower. Instead they put additional premiums (as high as 15%). If you stay under Mt. Gox rate, your coins will sell within a few hours if you have a Bank of America (our most popular bank), Chase or Wells Fargo account.
As of the past few days, anything under $700 gets snatched up pretty quickly.
As for the sellers terms, I sent you a PM with some more explanation on that.
We haven't had any fraudulent receipts be processed yet.
Let us know if you have any other concerns!
November 20, 2013, 09:37:59 PM
Hi,
I am thinking about becoming a seller and was wondering if you could address some concerns and questions I have.
Why am I charged a 0.05 fee to withdraw my coins if I am seller? Seems steep, especially if I want to try out with a small amount (like say 0.05).
What is the volume on your site? I am concerned about depositing coins and having no buyers.
In the FAQs, it says the buyers have to send a copy of a receipt and then you will release the coins. On the sellers side, it says coins aren't released until I confirm that the deposit was made - which one is it?
Have you had any problems with people generation fake deposit receipts?
Thanks guys! Hope this all works out!
I am thinking about becoming a seller and was wondering if you could address some concerns and questions I have.
Why am I charged a 0.05 fee to withdraw my coins if I am seller? Seems steep, especially if I want to try out with a small amount (like say 0.05).
What is the volume on your site? I am concerned about depositing coins and having no buyers.
In the FAQs, it says the buyers have to send a copy of a receipt and then you will release the coins. On the sellers side, it says coins aren't released until I confirm that the deposit was made - which one is it?
Have you had any problems with people generation fake deposit receipts?
Thanks guys! Hope this all works out!
November 18, 2013, 06:02:26 PM
Also another update, we support dynamic pricing for EUR orders too now!
Since programming is so much fun, how about an option, a checkbox, that allows a seller's price to remain at whatever high it reaches.
For example, let's say that MtGox reaches $1000. And let's say that I have my selling price set at 10% over MtGox. This would mean that when MtGox reached $1000, my selling price would automatically go to $1100, right?
Then lets's say MtGox dropped to $900. But the checkbox would allow my selling price to remain at the high of $1100 rather than dropping to the new rate of 10% over MtGox - $990.
Just a thought.
How about adding the 24 hour high price in the drop down with 24 hour avg, last and max then?
That can be easily integrated and would have the same effect for 24 hours.
Once again, another update! We now support address generation for those of you who don't have a wallet yet!
November 17, 2013, 04:37:49 PM
Also another update, we support dynamic pricing for EUR orders too now!
Since programming is so much fun, how about an option, a checkbox, that allows a seller's price to remain at whatever high it reaches.
For example, let's say that MtGox reaches $1000. And let's say that I have my selling price set at 10% over MtGox. This would mean that when MtGox reached $1000, my selling price would automatically go to $1100, right?
Then lets's say MtGox dropped to $900. But the checkbox would allow my selling price to remain at the high of $1100 rather than dropping to the new rate of 10% over MtGox - $990.
Just a thought.
November 14, 2013, 07:36:51 PM
Hi,
I just checked your prices. The lowest ($396. and change ) are $15 above current mtgox, with some vendors asking over 450 USD per btc.
Ouch.
I just checked your prices. The lowest ($396. and change ) are $15 above current mtgox, with some vendors asking over 450 USD per btc.
Ouch.
Those prices were below MtGox's last price, you were probably comparing to the Gox 24 hour average. Our prices are similar to Localbitcoins.com.
No, actually. I compared them with the mtgox "Last Price" number. I verified that amount on mtgox.com, Clark Moody, AND via an API call. I stand by what I said - at the time I calculated, the lowest price was > $15 above mtgox last.
Today's prices are a slight improvement though. Today you have two sellers that are "only" $10 US above current mygox LAST, with the rest above that significantly.
Also, your prices are NOT similar to localbitcoins. I won't bother with an example, since it would only take a couple of minutes for prospective customers to compare prices. Let's just say you are currently higher.
BTW, I should say that I DO really like your service. I've used it previously with no issues, and at that time the prices were quite in line. I definitely prefer it over localbitcoins. Unfortunately, at this point in time you can't quite capture my business.
I WILL check back on your site from time to time though. I got great service there, and I like it quite well.
Best of luck to you.
Sorry about that, perhaps you were right.
It is evident that the premium is becoming somewhat larger though. Seems to be sellers are reluctant to part with their Bitcoins at the moment.
Glad to hear you are a fan of our service though, we are always trying to make improvements.
Also another update, we support dynamic pricing for EUR orders too now!
November 14, 2013, 02:38:16 PM
Hi,
I just checked your prices. The lowest ($396. and change ) are $15 above current mtgox, with some vendors asking over 450 USD per btc.
Ouch.
I just checked your prices. The lowest ($396. and change ) are $15 above current mtgox, with some vendors asking over 450 USD per btc.
Ouch.
Those prices were below MtGox's last price, you were probably comparing to the Gox 24 hour average. Our prices are similar to Localbitcoins.com.
No, actually. I compared them with the mtgox "Last Price" number. I verified that amount on mtgox.com, Clark Moody, AND via an API call. I stand by what I said - at the time I calculated, the lowest price was > $15 above mtgox last.
Today's prices are a slight improvement though. Today you have two sellers that are "only" $10 US above current mygox LAST, with the rest above that significantly.
Also, your prices are NOT similar to localbitcoins. I won't bother with an example, since it would only take a couple of minutes for prospective customers to compare prices. Let's just say you are currently higher.
BTW, I should say that I DO really like your service. I've used it previously with no issues, and at that time the prices were quite in line. I definitely prefer it over localbitcoins. Unfortunately, at this point in time you can't quite capture my business.
I WILL check back on your site from time to time though. I got great service there, and I like it quite well.
Best of luck to you.
November 14, 2013, 12:32:00 PM
Love the dynamic pricing, thank you for adding this feature.
November 14, 2013, 12:06:57 PM
Hi,
I just checked your prices. The lowest ($396. and change ) are $15 above current mtgox, with some vendors asking over 450 USD per btc.
Ouch.
I just checked your prices. The lowest ($396. and change ) are $15 above current mtgox, with some vendors asking over 450 USD per btc.
Ouch.
Those prices were below MtGox's last price, you were probably comparing to the Gox 24 hour average. Our prices are similar to Localbitcoins.com.
The dynamic pricing feature does not take into account the currency used (e.g. the USD exchange rate is still used with EUR offers).
Other currencies are not able to listed with dynamic pricing yet, but by the end of the weekend this function will be introduced.
Just a thought...
On your site, whenever there is a box to fill info into, you have a little question mark (?) next to the box. If a user clicks the "?", they get an explanation about what the box is for. That's good.
Did you think about using the free overlib.js script from http://www.bosrup.com/web/overlib/? You simply hover your mouse of the "?" in order to get a little floating box, that disappears with mouseOut.
I would think that would be easier than clicking. You could probably still have the click option available for folks who needed to do a big study.
Just a thought.
On your site, whenever there is a box to fill info into, you have a little question mark (?) next to the box. If a user clicks the "?", they get an explanation about what the box is for. That's good.
Did you think about using the free overlib.js script from http://www.bosrup.com/web/overlib/? You simply hover your mouse of the "?" in order to get a little floating box, that disappears with mouseOut.
I would think that would be easier than clicking. You could probably still have the click option available for folks who needed to do a big study.
Just a thought.
Thanks, we'll look into implementing that!
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