Case Study: BitQuick fights fraud and doubles transaction volume with Vonage Verify API

BitQuick Fights Fraud and Illegitimate Transactions With Vonage

BitQuick, a cash-for-bitcoin marketplace, was struggling with fraudulent and illegitimate orders that locked up bitcoin in escrow and blocked legitimate buyers. To address the issue, BitQuick turned to Vonage and its Verify API to authenticate buyers and support secure, scalable transaction verification.

Vonage implemented SMS-based phone verification through the Verify API, helping BitQuick confirm only legitimate purchases and reject risky numbers. The results were strong: BitQuick increased its order success rate from 35% to 55% and doubled overall transaction volume in the first 60 days, while also improving cost predictability and transaction legitimacy.

BitQuick

Jad Mubaslat

Founder and Former CEO