BitBay Review

BITBAY REVIEW AT A GLANCE

■ TYPE: BITCOIN/ALTCOINS EXCHANGE

■ WALLET: YES

■ HEADQUARTERS: POLAND (EU)

■ ONLINE SINCE: 2014

■ CUSTOMER SERVICE: EMAIL | CHAT SERVICE

■ LANGUAGES: ENGLISH | RUSSIAN | POLISH

INTRODUCTION TO THE BITBAY EXCHANGE

Operating since 2014, BitBay is a large Polish cryptocurrency exchange. They offer the exchange of BTC, LTC, ETH, DASH, and a few more crypto assets by accepting USD, EUR, and PNL. BiBay support credit credits and offer innovative funding solutions such as the Bitomats ATM devices and the BitBay Mastercard.

■ SUPPORTED COUNTRIES: 240 COUNTRIES

■ FIAT CURRENCIES: EUR | USD | PNL

The BitBay platform is very user-friendly and provides a full set of trade orders, including stop-orders, and 'Fill-or-Kill' orders.

► Visit the BitBay Bitcoin Exchange

 

 BITBAY FUND METHODS AND FEES

BitBay Supports:

□ BITCOIN/ALTCOINS (0%)

□ BANK WIRE (SEPA & Swift -5%)

□ CREDIT CARDS (VISA/MASTERCARD -5%)

□ BITBAY CARD (MASTERCARD)

Credit Cards: Minimum is 50 EUR/USD, the daily limit is 5,000 EUR/USD, and the monthly limit is 20,000 EUR/USD. The commission is not less than 10 EUR/USD

 

 BITBAY TRADING FEES

□ Maker Fee is 0.30% {can get as low as 0.17%, based on a rebate plan}

-Maker is the user that set-ups a new buy/sell offer

□ Taker Fee is 0.45% {can get as low as 0.25%, based on a rebate plan}

-Taker is the user that fulfills an existing offer of another user

□ The BitBay rebate plan is based on a 30-day volume basis

□ No maintenance fees

 

 BITBAY CRYPTO ASSET INDEX

□ BITCOIN (BTC)

□ BITCOIN CASH (BCH)

□ BITCOIN GOLD (BTG)

□ ETHEREUM (ETH)

□ RIPPLE (XPR)

□ LITECOIN (LTC)

□ DASH (DASH)

□ LISK (LSK)

□ GAME (GAME)

 

 BITBAY PLATFORM AND TECHNOLOGY

The BitBay platform is a very easy-to-use and informative platform. Placing an order is very fast, you simply enter an amount of FIAT currency and the platform displays instantly how many Bitcoins (or other cryptos) you are going to get.

-Built-in wallet (Windows, MAC, Linux, iOs, and Android)

-Instant Transaction Option

-SSL Encryption

-Verification is not required for purchases up to 15,000 EUR/USD (bank wire)

BitBay Order Types

• market order
• limit order
• stop order
• 'Fill-or-Kill' order

Bitomats Deposit/Withdrawal ATMs

Using Bitomats ATM devices, users are able to exchange EUR, USD, and PNL into digital currency. Bitomats are connected with the BitBay platform and includes commission charged by machines owners.

► Visit BitBay Exchange

 

 POSITIVES OF BITBAY REVIEW

(√) Accepting Fiat currency deposits and the use of credit cards

(√) Good customer support

(√) Bitomats ATM devices which enable the exchange of EUR, USD, and PNL into digital currency

(√) Low trade commissions and rebates (the more you trade, the less your commission is)

(√) Full Set of Trading Orders

(√) Not requiring verification for Bitcoin purchases up to 15,000 EUR/USD (bank wire)

 

 NEGATIVES OF BITBAY REVIEW

(x) A limited number of crypto is available

(x) Not regulated yet

 

 

 BITBAY REVIEW CONCLUSIONS

BitBay is an innovative European exchange with more than 400,000 active traders. They accept fiat currencies (EUR, USD) and allow funding an account via Bank Wire or a Credit Card. They trade 9 cryptocurrencies (at the time of the review) including Bitcoin, Ethereum, and Litecoin. The maximum trade commission is 0.45%, which is low compared to other exchanges. We like the fact that BitBay offer their own MasterCard and that they have created the Bitomats ATM devices, which allow users to exchange physical money (EUR, USD, and PNL) into digital currency. These small innovations drive the market to grow faster and to serve better all of us.

Overall, we support innovative and long-term thinking companies in any financial market. Scammers are short-term thinkers, long-term thinking companies would not normally scam their clients, as that would ruin their reputation forever. BitBay is a very good choice for European Bitcoin traders, and certainly for Polish Bitcoin traders.

 

■ BitBay Review

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