Quicrypto Points Frequently Asked Questions

We are using Points as user balance to emphasize that Quicrypto is not a wallet or a monetary service provider. Quicrypto is more of a loyalty program application, so users are encouraged to redeem their points as soon as they are available for withdrawal.

In short, yes there are. Withdrawal options, rates, and limits may change at anytime without prior notice. For example, you may need to obtain at least 3,000,000 points to make a Bitcoin (BTC) withdrawal. Currently we support only bitcoin withdrawals. You may be forced to redeem your points once you obtain 5,000,000 points or more. Please note that if the sum of your withdrawals is more than $300 USD (per IP address/ Phone number), we will be required to perform a KYC/AML procedure for your account due to regulations.

Rates are determined by many factors such as operational costs and company risk factors, and may change at any time without prior notice. To provide a good user experience, our goal is to cap point rates in a way that rates values will not be updated often. Thus rates are generally not correlated with crypto market prices. However, in some cases where crypto market prices are going up, the company’s operational costs may increase, which might result in updated point rates. On the other hand, when crypto prices go down, point rates are not likely to be updated. We absolutely do not recommend holding points in user accounts for a long time as it may result in points expiration or devaluation. Quicrypto is not a wallet, so points are meant to be redeemed as soon as possible.

Once you have collected enough points you may easily redeem you points: all you need to do is click on the side menu located at the top left corner of the screen, click "Withdrawal" and then choose your favorite withdrawal option. Please note that you must enter a valid wallet address for cryptocurrency withdrawals. We note that exchanges wallet addresses usually do not accept small transactions so it is best to withdraw your cryptocurrency reward to your personal standalone wallet.