Bitcoin Forum

Local => India => Topic started by: E.exchanger on April 26, 2014, 08:44:05 PM



Title: bitquick.in real or scam ????
Post by: E.exchanger on April 26, 2014, 08:44:05 PM
Firstly I would like to confirm that my first transaction was been successfully executed by them with great on time support.



But yesterday's evening I was there on their website to exchange my btc so I tried with small amount first & even after I funded their escrow address it still says ' escrow not funded' I've writing to their  support since then and got no reply so far.......will update the post once I'll hear from them !!!


Title: Re: bitquick.in real or scam ????
Post by: Benson Samuel on April 26, 2014, 11:58:05 PM
Firstly I would like to confirm that my first transaction was been successfully executed by them with great on time support.



But yesterday's evening I was there on their website to exchange my btc so I tried with small amount first & even after I funded their escrow address it still says ' escrow not funded' I've writing to their  support since then and got no reply so far.......will update the post once I'll hear from them !!!

Give them till Monday. Seems like a Lack of Service issue.


Title: Re: bitquick.in real or scam ????
Post by: E.exchanger on April 27, 2014, 02:30:42 AM
Firstly I would like to confirm that my first transaction was been successfully executed by them with great on time support.



But yesterday's evening I was there on their website to exchange my btc so I tried with small amount first & even after I funded their escrow address it still says ' escrow not funded' I've writing to their  support since then and got no reply so far.......will update the post once I'll hear from them !!!

Give them till Monday. Seems like a Lack of Service issue.
Yeah I hope they won't disappoint people !! :)


Title: Re: bitquick.in real or scam ????
Post by: dashingriddler on April 27, 2014, 05:45:55 PM
Firstly I would like to confirm that my first transaction was been successfully executed by them with great on time support.



But yesterday's evening I was there on their website to exchange my btc so I tried with small amount first & even after I funded their escrow address it still says ' escrow not funded' I've writing to their  support since then and got no reply so far.......will update the post once I'll hear from them !!!

Give them till Monday. Seems like a Lack of Service issue.
Yeah i think so as well - bitquick.in is a small subsidiary of bitquick.co which has quite a number of transactions.


Title: Re: bitquick.in real or scam ????
Post by: E.exchanger on April 27, 2014, 07:50:06 PM
Firstly I would like to confirm that my first transaction was been successfully executed by them with great on time support.



But yesterday's evening I was there on their website to exchange my btc so I tried with small amount first & even after I funded their escrow address it still says ' escrow not funded' I've writing to their  support since then and got no reply so far.......will update the post once I'll hear from them !!!

Give them till Monday. Seems like a Lack of Service issue.
Yeah i think so as well - bitquick.in is a small subsidiary of bitquick.co which has quite a number of transactions.
Haven't got a reply from them so far but will surely update you guys once i will, and till that time i request everyone not to risk any amount of btc with them(nothing personal just as a suggestion) !!! :)


Title: Re: bitquick.in real or scam ????
Post by: E.exchanger on April 28, 2014, 07:15:42 PM
Got their reply tonight, and iam happy that they are legit and not another gox. Keep up the good work guys!!  :)


Title: Re: bitquick.in real or scam ????
Post by: Benson Samuel on April 28, 2014, 08:19:34 PM
Got their reply tonight, and iam happy that they are legit and not another gox. Keep up the good work guys!!  :)

Nice to hear this!


Title: Re: bitquick.in real or scam ????
Post by: subvolatil on July 04, 2014, 01:43:34 PM
they seem to be  doing a good job. I guess they are legit .


Title: Re: bitquick.in real or scam ????
Post by: dashingriddler on July 04, 2014, 04:24:37 PM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.


Title: Re: bitquick.in real or scam ????
Post by: subvolatil on July 04, 2014, 04:30:42 PM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity. 

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)


Title: Re: bitquick.in real or scam ????
Post by: dashingriddler on July 04, 2014, 05:08:24 PM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity. 

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.


Title: Re: bitquick.in real or scam ????
Post by: newIndia on July 04, 2014, 05:09:29 PM
BitQuick founder Jad Mubaslat is doing some Q/A here. Check if u r interested => https://bitcointalk.org/index.php?topic=665426.0


Title: Re: bitquick.in real or scam ????
Post by: subvolatil on July 04, 2014, 07:19:45 PM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity. 

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.
What i meant was that It should be possible for individuals to buy and sell large quantities without waiting a long time to liquidate either BTC or Fiat. This is still a problem. Most of the time even buying and selling  over 50 btc may take more than a week to find buyers.


Title: Re: bitquick.in real or scam ????
Post by: dashingriddler on July 05, 2014, 03:22:12 AM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity. 

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.
What i meant was that It should be possible for individuals to buy and sell large quantities without waiting a long time to liquidate either BTC or Fiat. This is still a problem. Most of the time even buying and selling  over 50 btc may take more than a week to find buyers.
That's right. With us, the issue has not been liquidity of INR or BTC as we have good enough of both. But our limitation of 5 BTC per day is because we are not ready to take bigger risks yet.


Title: Re: bitquick.in real or scam ????
Post by: micky123 on July 08, 2014, 10:36:50 AM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity.  

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.
What i meant was that It should be possible for individuals to buy and sell large quantities without waiting a long time to liquidate either BTC or Fiat. This is still a problem. Most of the time even buying and selling  over 50 btc may take more than a week to find buyers.
That's right. With us, the issue has not been liquidity of INR or BTC as we have good enough of both. But our limitation of 5 BTC per day is because we are not ready to take bigger risks yet.

have dealt with them for 3 transactions now. Only real issue is that they appear to be short-staffed and take a long time to respond to customer complaints, unless tweeted! I can confirm that they are legit even though i did not have the smoothest of transactions with them. Also their fees are higher than most other sites (0.02 BTC for a 1 BTC transaction  >:( ).

Edit: updated as 0.02 BTC fee for transaction.


Title: Re: bitquick.in real or scam ????
Post by: Equate on July 08, 2014, 11:41:39 AM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity. 

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.
What i meant was that It should be possible for individuals to buy and sell large quantities without waiting a long time to liquidate either BTC or Fiat. This is still a problem. Most of the time even buying and selling  over 50 btc may take more than a week to find buyers.
That's right. With us, the issue has not been liquidity of INR or BTC as we have good enough of both. But our limitation of 5 BTC per day is because we are not ready to take bigger risks yet.

have dealt with them for 3 transactions now. Only real issue is that they appear to be short-staffed and take a long time to respond to customer complaints, unless tweeted! I can confirm that they are legit even though i did not have the smoothest of transactions with them. Also their fees are higher than most other sites (0.2 BTC for a 1 BTC transaction  >:( ).

0.2 BTC , it is really a lot higher for 1 BTC transaction.


Title: Re: bitquick.in real or scam ????
Post by: micky123 on July 08, 2014, 05:15:14 PM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity.  

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.
What i meant was that It should be possible for individuals to buy and sell large quantities without waiting a long time to liquidate either BTC or Fiat. This is still a problem. Most of the time even buying and selling  over 50 btc may take more than a week to find buyers.
That's right. With us, the issue has not been liquidity of INR or BTC as we have good enough of both. But our limitation of 5 BTC per day is because we are not ready to take bigger risks yet.

have dealt with them for 3 transactions now. Only real issue is that they appear to be short-staffed and take a long time to respond to customer complaints, unless tweeted! I can confirm that they are legit even though i did not have the smoothest of transactions with them. Also their fees are higher than most other sites (0.2 BTC for a 1 BTC transaction  >:( ).

0.2 BTC , it is really a lot higher for 1 BTC transaction.

Really sorry! Thats a mistake... it should be 0.02 BTC for a transaction. ;D Edited the original post with the right information!


Title: Re: bitquick.in real or scam ????
Post by: Equate on July 08, 2014, 05:56:55 PM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity. 

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.
What i meant was that It should be possible for individuals to buy and sell large quantities without waiting a long time to liquidate either BTC or Fiat. This is still a problem. Most of the time even buying and selling  over 50 btc may take more than a week to find buyers.
That's right. With us, the issue has not been liquidity of INR or BTC as we have good enough of both. But our limitation of 5 BTC per day is because we are not ready to take bigger risks yet.

have dealt with them for 3 transactions now. Only real issue is that they appear to be short-staffed and take a long time to respond to customer complaints, unless tweeted! I can confirm that they are legit even though i did not have the smoothest of transactions with them. Also their fees are higher than most other sites (0.2 BTC for a 1 BTC transaction  >:( ).

0.2 BTC , it is really a lot higher for 1 BTC transaction.

Really sorry! Thats a mistake... it should be 0.02 BTC for a transaction. ;D Edited the original post with the right information!

It seemed to me that something is not right with 0.2 BTC TX fees :P


Title: Re: bitquick.in real or scam ????
Post by: BitCoinDream on July 08, 2014, 06:00:36 PM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity.  

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.
What i meant was that It should be possible for individuals to buy and sell large quantities without waiting a long time to liquidate either BTC or Fiat. This is still a problem. Most of the time even buying and selling  over 50 btc may take more than a week to find buyers.
That's right. With us, the issue has not been liquidity of INR or BTC as we have good enough of both. But our limitation of 5 BTC per day is because we are not ready to take bigger risks yet.

have dealt with them for 3 transactions now. Only real issue is that they appear to be short-staffed and take a long time to respond to customer complaints, unless tweeted! I can confirm that they are legit even though i did not have the smoothest of transactions with them. Also their fees are higher than most other sites (0.2 BTC for a 1 BTC transaction  >:( ).

0.2 BTC , it is really a lot higher for 1 BTC transaction.

Really sorry! Thats a mistake... it should be 0.02 BTC for a transaction. ;D Edited the original post with the right information!

It seemed to me that something is not right with 0.2 BTC TX fees :P

2% Tx fee is fine IMO for a good & stable service. Do they charge 0.02 BTC for every Tx or it is calculated on % basis ?


Title: Re: bitquick.in real or scam ????
Post by: micky123 on July 08, 2014, 07:04:42 PM
They just seem to be low though. I m seeing the same single order of 0.05 Btc for 60000 per Btc since 2 weeks.

Dont know why but i feel like the market for exchanges are getting far to saturated.

Either an exchange has to come up with a system that makes it easy for every one to use, or some thing that provides better liquidity.  

the only place i see good volumes and liquidity is on https://localbitcoins.com/ (https://localbitcoins.com/)
What do you mean by better liquidity. Yes I agree simplicity will promote bitcoin usage.
What i meant was that It should be possible for individuals to buy and sell large quantities without waiting a long time to liquidate either BTC or Fiat. This is still a problem. Most of the time even buying and selling  over 50 btc may take more than a week to find buyers.
That's right. With us, the issue has not been liquidity of INR or BTC as we have good enough of both. But our limitation of 5 BTC per day is because we are not ready to take bigger risks yet.

have dealt with them for 3 transactions now. Only real issue is that they appear to be short-staffed and take a long time to respond to customer complaints, unless tweeted! I can confirm that they are legit even though i did not have the smoothest of transactions with them. Also their fees are higher than most other sites (0.2 BTC for a 1 BTC transaction  >:( ).

0.2 BTC , it is really a lot higher for 1 BTC transaction.

Really sorry! Thats a mistake... it should be 0.02 BTC for a transaction. ;D Edited the original post with the right information!

It seemed to me that something is not right with 0.2 BTC TX fees :P

2% Tx fee is fine IMO for a good & stable service. Do they charge 0.02 BTC for every Tx or it is calculated on % basis ?

it is % basis! If they were stable, i would not have an issue with that fee. Just that every time you deal with their customer service you are left holing a rope that does not seem to have anyone else on the other end. You feel like you are loosing your grip, then all of a sudden you feel a tug on the rope! Thats how i sum up their service :)