Quickbit does not issue individual wallets. Once you create an account with us, you will get a virtual wallet. Your cryptocurrencies are securely stored in a 'pooled' virtual currency account.

The account is a repository of virtual currency private keys. We maintain our own internal ledger, which records all your transactions and is reflected in your Quickbit app.

Do I have an individual cryptocurrency wallet?

A private key is a randomly generated string of letters and numbers that make up a specific cryptocurrency wallet address. This address allows you to access your cryptocurrencies.

Quickbit is a hosted cryptocurrency wallet service, and thus your wallets’ private keys are safeguarded on your behalf to protect your account. This way only you can access your wallet.

What are private keys and where are mine?

Fiat money is a government-issued currency that isn't backed by a commodity such as gold. The US Dollar, British Pound, and Euro are fiat currencies for instance.

What is a fiat currency?

Currently, you can trade with any of the following cryptocurrencies:

- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Cardano (ADA)
- Polkadot (POT)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Chainlink (LINK)

Which cryptocurrencies are supported?

Quickbit establishes the exchange rate for cryptocurrency transactions (“consumer exchange rate”) by comparing prices on multiple exchanges. Quickbit also uses several exchanges to perform the order.


Which exchange does Quickbit use?

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Cryptocurrencies