Bitcoin Scaling Update

Bitcoin Scaling Update

The Bitcoin whitepaper just had its 9th anniversary on October 30th, allowing everyone in the community to reflect upon the massive and transformative impact the cryptocurrency and its underlying technology, Blockchain, have had on many industries worldwide. After all, this groundbreaking technology has restored hope in the simple concept of financial democratization that has eluded humankind as of late, and will surely change the world for the better. That is, assuming the project makes it far enough. Bitcoin has had growing pains from the get-go. It's taken years to develop a credible and legitimate name, and at times the layman still finds it difficult to understand the technology. To add insult to injury, Bitcoin has a scaling problem. The network has become too congested, and there's not enough space to…
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An Important Update About Mining Fees

An Important Update About Mining Fees

BitQuick has refrained from charging mining fees to consumers since our August, 2013 launch. This has been the case because we wanted to service all users with the philosophy of charging the least amount of fees possible. Unfortunately due to current issues with the Bitcoin Network, including a sharp increase in mining fees over the past couple of years, we will be charging a flat 0.0005 BTC mining fee to all users that receive bitcoin from us, including buyers receiving purchased bitcoin, sellers receiving a refund for their order, and affiliates receiving monthly payouts. We apologize for any inconvenience this will cause, and hope that mining fees will drop to a reasonable level that puts our business in a position to be able to reverse this policy. We are currently…
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Secure Your Bitcoin This Halloween

Secure Your Bitcoin This Halloween

  Happy Halloween Bitcoiners! Keep your BitQuick order and bitcoin secure from ghouls and goblins this Halloween with these great tips.   All Users     It is important for all BitQuick users to maintain healthy security practices, including making sure that the devices used to access BitQuick are secure, malware-free and virus-free. Please make sure that regular scans are run using reputable and effective anti-virus and anti-malware services in order to avoid having your device (and potentially your bitcoin) compromised.     Both buyers and sellers should avoid involving outside parties in the trading process to avoid compromising your funds. Sellers should keep their account information private and securely stored, especially their PIN, and should not allow others to access their account. Buyers should make sure that no one…
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Bitcoin Cash Update: Seller Instructions For Redeeming BCH

Bitcoin Cash Update: Seller Instructions For Redeeming BCH

  Hello BitQuick Users, On August 1st, the Bitcoin network split resulting in the creation of a new chain with a new token called Bitcoin Cash (also known as BCH). Any BitQuick sellers that had bitcoin on the platform received an equivalent amount of Bitcoin Cash tokens. For more information about Bitcoin Cash, please see our previous blog. All sellers that had Bitcoin on BitQuick during the split have been emailed instructions about how to redeem their Bitcoin Cash. In order for us to return BCH to these sellers, we will need for each of them to provide us with a BCH address. Bitcoin and Bitcoin Cash addresses look the same, so please make sure you are giving us an address from a Bitcoin Cash wallet. If you don't have…
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BitQuick Returns to New Hampshire!

BitQuick Returns to New Hampshire!

Thanks to the passage of HB436 by New Hampshire’s legislature, we will be re-opening our doors to New Hampshire residents beginning today, August 3rd. HB436 permits certain digital currency businesses, including BitQuick, to operate without special state licensing. The new law clears the path for New Hampshire’s residents to benefit more fully from the innovation occurring in the world of cryptocurrency. “We’re thrilled to welcome New Hampshire customers back to the BitQuick platform, and commend the New Hampshire Governor and state legislature for allowing bill HB436 to pass, which makes it possible for companies like BitQuick to operate and serve customers in this great state.” - Chad Davis, Director of Operations for BitQuick NH residents may now visit our Buy and Sell pages, as appropriate, to begin an order on…
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User Guidance For Upcoming Bitcoin Network Events

User Guidance For Upcoming Bitcoin Network Events

  In response to the recent events happening on the Bitcoin network, we are providing a general overview of the events taking place and guidance to our customers during this period. To date, there have been no major disruptions to the Bitcoin network or Bitcoin services, and we do not expect there to be any issues for all buyers and most sellers until mid November. We support the compromising efforts of Segwit2x, and the activation of Segwit. Sellers who would like to claim their “Bitcoin Cash” after August 1st should continue reading for further guidance.   What’s happening? For several years there has been discussion about scaling the maximum allowable block size on the Bitcoin network in order to increase transaction throughput. For a more comprehensive review on the block…
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Product Updates: BitID, Order Consistency, New Payment Methods.

Product Updates: BitID, Order Consistency, New Payment Methods.

Hello Bitcoiners! It’s been a bit since we last published a blog, but we’re thrilled to begin offering informative, interesting, and useful content to our readers once again! What We’ve Been Up To Since the Athena Bitcoin acquisition last June, the platform has grown considerably and the mobile website has been optimized with an improved process flow (a process flow that will soon be implemented on the desktop site as well). We will also be adding a new authentication method for our sellers in the coming days. Things To Come BitID Earlier this year in March, we received the unfortunate news that Clef would be shutting down for good. We’re thrilled to have had the opportunity to work with the Clef team the past two years and offer their fantastic…
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BitQuick.co, and the community, support a blocksize increase. We have the data to prove it!

BitQuick.co, and the community, support a blocksize increase. We have the data to prove it!

Edit on 1/19/2016 - BitQuick.co has officially put its support behind Bitcoin Classic, following suit with other industry leaders. We believe that Bitcoin Classic is the most suitable candidate for increasing the current block size. The blocksize debate has recently become a very hot topic amongst the Bitcoin community, even resulting in /r/Bitcoin going completely unmoderated for almost 2 days. This issue affects all of us in the Bitcoin community, whether we are Bitcoin users, businesses or anything in between. As such, I felt that it was an important time for us to figure out how our users feel, combined with our own company philosophies, to develop a formal position regarding the issue. Part of that involved issuing a survey to all our users from the past 3 months. Hopefully…
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A BitQuick.co Update: 10x growth, Backpage.com Guide, SMS Verification and more!

A BitQuick.co Update: 10x growth, Backpage.com Guide, SMS Verification and more!

It’s been a great year so far here at BitQuick.co! From graduating Boost.VC, to our exciting AltQuick integration, things are really falling into place. We wanted to take this opportunity to inform our users about what we’ve been up to lately, the growth we’ve had, and where BitQuick is going moving forward. Also SMS verification for buyers is going live tomorrow, and we have finalized our Backpage.com guide! Firstly, our 30 day trailing volume has increased from only $100,000 when the year began to over $530,000 today! In addition, our 30 day trailing new users has seen a tenfold increase this year, from around 50 to over 500 new users every 30 days! We can’t thank the community enough for their support and feedback during these past few months. It’s…
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AltQuick.co relaunches with key ShapeShift integration to perform instant cash to altcoin conversions

AltQuick.co relaunches with key ShapeShift integration to perform instant cash to altcoin conversions

We are happy to announce that AltQuick.co will be relaunching with a key ShapeShift integration. We are now able to support over 30+ various cryptocurrencies, with higher liquidity than ever before. By leveraging theShapeShift API , we can mirror the BitQuick order book into a myriad of cryptocurrencies! This will be a game changer for those looking for a simple solution to buy their favorite alts with cash instantly. ShapeShift.io was formed in August, 2014 to facilitate instant Bitcoin to altcoin conversion, without ever needing to create an account. ShapeShift provides a conversion rate every 10 minutes for various cryptocurrency pairs. Because of this, AltQuick orders will be an estimated amount of altcoins to be received. The faster payment is made, the lower the volatility! ShapeShift has run a strict…
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