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The need for payment solutions that allow for instant, safe and cost-effective transactions is an ever-increasing one. Financial companies from all across the world are competing against each other in which one will create the most perfect solution for users to use.

But then again, the need for adjusting these payment solutions for crypto transactions is an even more increasing one. Cryptocurrencies are currently ruling the world; they are the currencies of the future. So, a payment solution that would allow for transactions in both fiat and digital currencies would be the one that would solve all the problems of a modern user. One such solution is about to hit online casinos, Quickbit. What is Quickbit and why use it for deposits and withdrawals across online casinos?

about_quickbit

About Quickbit

Quickbit is the solution that is expected to reach incredible heights in the financial world, but also in the online gambling industry. It is an all-in-one wallet that allows for transactions in euro and cryptocurrencies. But it is a ground-breaking solution because, in addition to the wallet, would also allow you to use a plastic card and pay with both fiat and digital currencies wherever VISA is accepted.

Created by a Stockholm-based public company, traded publicly on NGM Nordic SME in Sweden (NGM: QBIT) since July 2019, it is a Swedish solution with a global aim. The company behind it is a FinTech with a history in payments, a rapidly-expanding tech startup founded in 2016 with one single vision: to create a solution for the global market and become the first choice for e-merchants that wish to provide both fiat and digital currencies as a secure means of payment. But also, it put a lot of effort into making the solution user-friendly so that anyone could get involved in crypto and enjoy all the benefits it offers on a daily basis. The company has over 40 employees and is based in four locations. Other than Stockholm, it has offices in Tallinn, Gibraltar and Lahore.

At the beginning of March 2021, the company announced that its Beta-app would be out shortly and that they were preparing the launch phase. At that point, this is what was known about the solution. The solution would allow users to buy cryptocurrencies instantly, with no waiting time to use the available funds and no hidden fees. With it, you will be able to send crypto worldwide, even to users who don’t use the app, instantly, but you can also get crypto from other Quickbit users and external wallets as soon as you send them your Quickbit crypto wallet address. You can also trade one digital currency to another in a split second, free of charge. And most importantly, you can create your plastic VISA card to pay with both euro and cryptocurrency, wherever VISA is accepted.

It goes without saying that having all of these functionalities at your disposal, your online casino experience would be exceptional. You could use it for depositing and withdrawing across online casinos with euro and cryptocurrencies.

Stay with us to learn how to get started with it and use it across online casinos.

how_to_get_started_with_it

How to Get Started with It?

The first thing you should remember is that the app is still in the Beta version. That means that you would need to sign up for early access and you'll be able to share your opinion about the app with the company, and state what you thought about it. The Beta app is rolling out soon, but essentially, with it, you'll able to buy, send and receive crypto without paying fees, and you’ll be able to exchange your crypto.

To get started with it, you would need to create your crypto wallet. Sure, there are several types of crypto wallets you can use, hardware, mobile, desktop and web-based, but the solution suggests starting with a web wallet, such as those provided by Coinbase. Then, visit Quickbit’s official website and create an account with it by entering your name, last name, email, password, country, and state, and by accepting the Terms and Conditions.

As soon as your account and wallet are ready, you can further log in using BankID, as the solution supports it, and start managing your crypto the easy way.

We must mention here that in case you’re interested in learning more about crypto, wallets, blockchain and other crypto-related things, you can explore Quickbit’s Learn page on the official website, and you’ll understand everything you need to know.

If you want to apply for the Quickbit Card, you can do that directly in-app. You can connect the card to your crypto wallet or your bank account, and use it as it pleases you. You can set your PIN and change it whenever you want directly in-app, and you can freeze the card in the app. Opening the card will allow you to start paying online immediately; you will get push notifications whenever your card is used, for another layer of security and for you to control your spending.

How to Make a Deposit with It at Online Casinos?

Assuming you’ve created your crypto wallet and loaded it with coins, you are ready to make a deposit with this solution. Now, since this is such a new solution, it may not be available across many online casinos, but its gaining popularity as we speak. The thing is, though, you can send crypto through this solution even to casinos that don't offer it.

To make a deposit at an online casino, do the following:

  1. Join an online casino and go to its Cashier page.
  2. Look for Quickbit’s logo and click or tap on it.
  3. In the pop-up, enter the casino’s crypto wallet address.
  4. Specify how much you wish to deposit.
  5. Confirm the transaction and the coins will arrive on your online casino balance instantly.

If you want to, you can use the card to make a deposit, as well. You would need to follow the procedure that usually goes for depositing with cards, meaning you would need to provide the card details and use it to fund your account across any online casino that accepts VISA. 

How to Withdraw with It?

To make a withdrawal with it, you would need to share your Quickbit crypto wallet address in a short link with your online casino.

You will instantly receive crypto as soon as the casino approves the transaction. Bear in mind that the casino may take its time to check your request and see whether you have enough coins to withdraw. This may depend on the wagering requirements if you’ve claimed any bonus. If you haven’t played through the wagering requirements or you don’t have sufficient funds, the casino won’t approve the request.

Restricted Countries

At the moment, the solution is available in over 50 countries. Since the company's strategic plans are to expand all over the world and make the solution a global one, more countries are expected to be added to the list soon.

The following are just some of the countries with well-established gambling markets where Quickbit is available: the UK, Germany, Australia, Canada, the US, Spain, Malta, Norway, Denmark and Finland.

applicable_currencies

Applicable Currencies

At the moment, the Beta-app supports only Bitcoin, Litecoin, Bitcoin Cash but two more digital currencies are coming soon, Ethereum and Stellar Lumens.

The euro is the only fiat currency that you can use at the moment.

Fees

When you use Quickbit for cryptocurrency transactions, here's what you need to know:

  1. The cryptocurrency exchange rate is calculated by adding a spread margin to the average price from partner exchanges. The rate is locked in at the time of order.

  2. For each buy/sell transaction:

    • Transactions under €500 are fee-free.
    • Once total transactions exceed €500, a 1.49% fee applies, capped at €45.
    • A spread of approximately 1.0% is also charged.
  3. For crypto send/receive transactions:

    • Sending between Quickbit wallets is fee-free.
    • Receiving most cryptocurrencies from third-party wallets is fee-free.
    • Sending to a third-party wallet incurs a Network Transaction Fee.
  4. In cryptocurrency exchanges, Quickbit charges a spread margin of up to 2.0%.

  5. Earn wallet usage is fee-free.

  6. Quickbit Checkout currently has no service fees. Any e-merchant fees will be displayed during the checkout process.

Customer Service and Support Options

Quickbit promises great Customer Support service. You can get help whenever and wherever you need it, via the email address support@quickbit.eu.

The company has listed its full address in Sweden, Norrlandsgatan 12, 111 44 Stockholm in case you wish to send a letter or schedule a visit. Plus, you can access its profiles on Twitter, Facebook, Instagram and LinkedIn.

Quickbit payment method fees and facts
Quickbit is popular in these countries Australia, Canada, Germany, Denmark, Spain, Finland, United Kingdom, Malta, Norway, United States
Countries restricted from using Quickbit Canada
Available accounts 1 account
Exchange fees (FX) 2%
p2p Money transfer
Send money p2p free
Receive money p2p free
Deposit fees
Credit card 1% + fixed fees: 0.5 EUR - 2.99 EUR
Link to terms & conditions https://www.quickbit.com/int/en-us/terms-of-use/
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Best Quickbit casinos

Casinos found: 7

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Virginia

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FAQs

Will I get a notification when I get the withdrawal on my Quickbit wallet?

Yes. You get a push notification when you get crypto on your wallet, the minute the crypto arrives on your account.

Can I use the Quickbit card across land-based locations?

Yes. The card can be used anywhere VISA is accepted, including land-based locations. But to make online purchases, you would need to open the card in the app and use it.

Can I withdraw crypto from an online casino that does not offer Quickbit?

Yes. As explained earlier, you can get crypto from other Quickbit users but also from external crypto wallets, so even if the casino does not offer it, you can still make a withdrawal with it as soon as you share your Quickbit crypto wallet address.

Do fees apply when you exchange crypto in the app?

There is a spread margin of up to 2.0% for a cryptocurrency exchange. Note that the spread margin charged may vary due to price fluctuations on the market. 
There is no separate fee charged for cryptocurrency exchange.
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