Bitay.com Crypto Exchange Review: It Is Good Or Bad?

About Bitay.com

Bitay.com Technology, Turkey’s most sophisticated advanced trade system for making purchases and sales of digital currency exchange market offering both web and mobile applications. In addition, it provides a digital money payment system in our member merchants that are contracted with inexpensive and instant money transfer based on the financial technology of the future.

Global Exchange also with the partnership agreements they made with the most product variety largest company in Turkey with a market volume and depth. The platform was developed as a Research & Development Project at Yıldız Technical University Technopark with the support of the Ministry of Science, Industry and Technology.

With 100% local and in-house software team, all advanced technology, from Trading platform to Wallet, serve in the most secure way; 3rd party software is not used. They continue activities in the light of founders’ long-term experience in Financial Technology and Investment sectors.

Bitay.com Exchange Basic Points

How To Start ?

How To Sign Up At Bitay Exchange ?

It Is Very Easy To Sign Up At Bitay Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Bitay Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Bitay Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Bitay Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

Bitay charges takers 0.28% per trade. These taker fees are higher than the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. Regardless of whether you compare with today’s industry averages or historical industry averages, 0.28% is high.

Does Bitay have a better deal with respect to the makers? Yes, but only a slightly better deal. Makers pay 0.20% instead of 0.28%.

Bitay Withdrawal fees

They have not been able to find any information on this exchange’s withdrawal fees. This is potentially a risk for you as an investor. Whenever an exchange does not inform of a fee, there is a higher risk that such fee is high. As soon as they receive information on the withdrawal fees at this exchange, they will update this review and post them here.

Deposit Methods

In addition to depositing cryptocurrency to the platform, Bitay also lets you deposit/pay with fiat currency. To understanding, fiat currency deposits are possible through both wire transfer and credit card deposits. However, the only fiat currency possible to pay with is the Turkish Lira (TRY).

If you need to use another fiat currency than the TRY when depositing funds to your chosen platform, they recommend you to find another platform in Exchange List. Good luck!

Bitay – Easy Bitcoin Exchange

Turkey’s Leading Cryptocurrency Exchange

Bitay offers you the easiest and most reliable way to trade cryptocurrencies.

Easy Buy & Sell

With the buy and sell screen you can see your cryptocurrency transactions in the easiest way. And you can follow the movements of the cryptocurrencies from the charts and decide just in a few steps whether you will buy or sell the cryptocurrency.

Advanced Buy & Sell

You can place buy-sell orders on advanced charts, determine your buy or sell prices according to your pending orders, and perform your transactions by using market, limit and stop order types.

Easy Deposit & Withdrawal

You can easily withdraw your TL savings from your Bitay account to your bank account just in a few steps.

Automatic Buy & Sell

You can create orders to buy a cryptocurrency automatically when the price is above the price you set or to sell automatically when it falls below the price you set.

Easy Interface

With the easy interface, you can easily see the most used features such as market tracking, account movements and transaction details under the same line without any confusion. You can choose how to use the application with the light and dark mode option.