Quickbit enables instant and cost-effective deposits and withdrawals with BTC, LTC, ETH, and BCH. It's an all-in-one digital wallet that also allows you to make online payments with EUR.
Casino players are constantly looking for the most efficient payment option for affordable deposits and withdrawals. Although cryptocurrencies have been controversial from day one, they have become popular payment methods at online casinos. Why? Because they facilitate cheap and quick withdrawals.
One of the most annoying things about many banking methods is that you need to wait a day, or a few days, to receive the winnings. Quickbit digital wallet has enabled gamers to quickly deposit and withdraw funds from casino sites using fiat and cryptocurrencies. It has no fees or small operational costs and is highly secure. Quickbit allows casino players to cash out winnings instantly, ensuring complete anonymity. It also enables players to make transfers using EUR and offers a Visa card.
What is Quickbit?
Quickbit is a digital wallet launched in 2016 by a Swedish fintech company. The platform allows casino players to use cryptocurrencies and traditional currencies from a single login. The Stockholm-based startup launched Quickbit to enable people to use cryptos for everyday transactions. At the same time, the service offers solutions for companies to expand their customer base by accepting crypto payments.
The platform combines blockchain technology and fiat currencies to provide cheap, easy, and secure digital payments. The cryptocurrencies you can use with Quickbit include Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. However, you can also make online payments in EUR.
Android and iOS users can install the Quickbit mobile app from Google Play and App Store. The mobile wallet allows you to buy cryptocurrencies and instantly top up your Quickbit balance. You can open a EUR account and sell cryptocurrencies to receive EUR. With Quickbit wallet, you’re able to transfer these funds to your bank account and accept online transactions in EUR. Quickbit makes the use of cryptocurrencies convenient and available to anyone
Worldwide
The wallet allows you to instantly send cryptos anywhere across the globe. Even people who don’t use Quickbit services can accept digital money. Also, you’re able to receive crypto payments from external e-wallets and other Quickbit clients. Just share your Quickbit wallet address via a short link to instantly accept cryptos. The service will send a push notification to your mobile phone when you receive the funds. Finally, you can easily exchange cryptos in a split second for free.
The company has also announced Quickbit Visa Card. The Visa card will enable you to pay with EUR or cryptocurrencies wherever Visa is accepted. You can apply for the card within the mobile app and link it to your Quickspin wallet or bank account. The service will allow you to set up your PIN directly in the app. You can open the card for online payments or freeze the outgoing transactions whenever you want. The system will send a push notification to inform you when the card was debited.
How to use Quickbit
To use Quickbit, first, you need to set up your crypto wallet. The selection of crypto wallets is versatile. You can use a web wallet, mobile or desktop wallet, or a hardware wallet. You need a crypto wallet to store, send, receive, and buy cryptos.
After you open your crypto wallet, you can sign up with Quickbit. The procedure is straightforward. You can create your account on the official website or through the app. Fill in the form by providing your name, surname, email, and password. Finally, select your country from the drop-down list. Currently, the digital wallet is available in more than 50 countries. Keep in mind that Quickbit app is only available in Sweden. However, the company says it will continue to add new markets.
Quickbit supports deposits and withdrawals from online casinos, allowing you to use both crypto and traditional currencies. Therefore, it doesn’t surprise why many players decide to use this platform for online gaming. As a result, crypto-friendly casino sites offer Quickbit as one of the payment methods.
Facts
Payment Type
E-Wallet
Country
Sweden
Launced
2016
Pros
Instant deposits and quick withdrawals
Offers crypto and fiat currencies
Fee-free service
User-friendly payment option
Available in 50+ countries
Cons
The only fiat currency is EUR
App is available only in Sweden
How to Deposit with Quickbit?
To deposit with Quickbit, visit the casino and log in to your account. Open the casino’s deposit page and choose Quickbit as your preferred deposit method. A new window will pop up where you need to submit your e-wallet address. Enter the amount you wish to send to your casino balance and confirm the payment.
How to Withdraw with Quickbit?
Quickbit online casino withdrawals are as easy as deposits. The procedure is similar to making deposits. To cash out winnings with Quickbit you need to share your e-wallet address with the casino. Copy the short link and paste it on the casino’s withdrawal page. The casino needs your digital wallet address to send you the requested amount.
Currently, the app is only available to legal residents of Sweden.
Transfer Time and Fees
Quickbit deposits are processed instantly. Immediately as you verify the transaction, the funds will be credited to your casino account. Head straight to the casino lobby to browse the games. One of the main benefits of using Quickbit at online casinos is that you’ll be able to cash out with crypto instantly. Remember that withdrawals may last a bit longer as online casinos need to review and approve your withdrawal request. You won’t wait long. As soon as the casino approves the request, you’ll receive the funds.
Online casinos don’t apply fees for deposits and withdrawals with Quickbit. The platform also doesn’t charge fees. However, if you use Ethereum, fees may apply. The cost will depend on the number of transactions on the Ethereum network. Also, you’ll probably pay a small blockchain fee for the mining. The amount will vary from one cryptocurrency to another. If you buy cryptocurrencies with EUR, the service will charge 1% alongside Quickbit service fee. The service fee goes from 1.49% for transactions over €200 to 5% for amounts less than or equal to €10.
Security
Quickbit utilizes the latest protection measures to ensure all your financial and personal data are safe. The company has implemented an internal data protection policy and uses firewalls to protect the servers.