Quickbit is a Swedish fintech company established to promote everyday cryptocurrency use. They went about it by making crypto easily accessible to users. Quickbit’s app allows customers to purchase various cryptocurrencies directly or sell them for euros. Furthermore, users can also send each other euros or cryptocurrencies and swap between different cryptos. Quickbit also offers a Visa card, which swaps your cryptocurrency into euros to carry out payments.
The ease of access Quickbit offers makes it an increasingly common payment method. Today, the company employs over 40 people and has offices in Stockholm, Gibraltar, Tallinn and Lahore in Pakistan. They are also present on the NGM Nordic SME since July 2019. The app is currently available in Sweden and Norway and uses bankID as an identifier.
How Does Quickbit Work?
All cryptocurrencies require a wallet to store them. While you can have a separate wallet, Quickbit acts as a hosted wallet service for your convenience. It holds your funds and allows you to trade them for different cryptocurrencies or euros. You have to register an account to use Quickbit. Enter all the requested information and accept the terms and conditions. Quickbit will also prompt you to log in using bankID.
If you want to use your Quickbit funds with a card, you can apply for one in the app. You can use it in any establishment that accepts Visa cards. Players can use the app to freeze the card if they lose it or reset its PIN.
How to Deposit with Quickbit?
Log into your online casino account and open the cashier or banking page. Select Quickbit from the list of available casino payment methods. Enter the amount you want to deposit and follow the instructions on the screen. You will need to use the Quickbit app to authorize the transaction. The deposited funds should appear in your online casino balance instantly, allowing you to start playing without delays.
How to Withdraw with Quickbit?
Withdrawing money functions similarly. Log into your account, and select Quickbit from the available cash out payment methods. Choose the amount you plan to withdraw and enter your Quickbit crypto wallet address. After a bit of waiting time, you will receive your funds. This has little to do with Quickbit itself; casinos need some time to check a withdrawal request and approve it.
Transfer Times, Fees, and Security
For Quickbit, user information security is essential. They have a strict internal data protection policy and use server-side security measures and firewalls. The app also offers protection by using a password or biometric verification. If your device supports FaceID or TouchID, the app will ask you to activate them when you set up your account. Alternatively, you can use a six-digit passcode to log in and authorize transactions.
Transfer times using Quickbit are excellent. Deposits appear instantly in player accounts, which allows you to enjoy your favorite titles with no delays. Withdrawals take a little longer due to casinos verifying and approving transactions. Once an operator clears a transaction, it should instantly appear in your Quickbit wallet.
Quickbit also does not charge you any fees for depositing and withdrawing in online casinos. The service charges you to buy, sell, and exchange crypto through their app.