BitBay Crypto Exchange Review : It Is Good Or Bad?

About BitBay Crypto Exchange

BitBay Crypto Exchange is the largest cryptocurrency exchange in Central-Eastern Europe and third in Europe which debuted in 2014 in Poland. Platform founder and many years’ CEO is Sylwester Suszek cryptocurrency evangelist and industry conferences speaker. He co-founded two large companies from a financial industry which helped him to create along with partners a reliable, developing exchange. In May 2018 BitBay moved to Malta and still evolves. On November 1, BB Trade Estonia OÜ became the operator of the BitBay platform, with a license to operate the cryptocurrency exchange in Estonia. Sylwester Suszek became CEO of BitBay exchange again.

BitBay Crypto Exchange second version of the platform was launched in 2015. The exchange system was improved in order to be more user-friendly, and the first professional trading tools emerged. We have added new cryptocurrencies such as Etherum or Lisk. At that time, our team expanded from 14 to 31 employees. At the same time, they were planning the international expansion and opened a second office in Amsterdam.

BitBay Crypto Exchange At the beginning of 2016, we started to work on the BitBay 3.0 version of the platform. Our team extended to 70 people at that time. In the meantime, new products such as BitcoinCantor and bitcoin payments appeared.

BitBay Basic Points

Exchange Name	BitBay
Withdraw Fees	0.08000000
Language	English
Fiat Deposit	Yes
Deposit Fees	0.00000000
Easy To Use	Yes
Security	High
Address	BB Trade OÜ Lasnamäe linnaosa, Lõõtsa tn 5 Tallinn 11415, Estonia, ES
Taker fee	0.42%
Maker	0.29%
Customer Support	Available At Ticket & Live Chat
Official Site	Homepage

How To Start ?

How To Sign Up At BitBay Exchange ?

It Is Very Easy To Sign Up At BitBay 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 BitBay 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 BitBay 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 BitBay Exchange ?

Withdrawing your funds from Exchange.blockchain 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.

How To Verify Id At BitBay ?

You Can Start Trading On Without Going Through The Verification Process, However, In Order To Trade Fiat Currencies For Bitcoin Or To Trade With Stablecoins, Id Verification Is Needed. Depending On The Account Type (Individual Or Corporate), The Exchange Can Require Additional Documents.

Withdrawals

PLN

Wire bank transfer – 6 PLN
Withdrawal via Payment Technology in Polish Post Office – 1% (min. 20 PLN, max 120 PLN)
ATM withdrawal – 10 PLN (100 – 1000 PLN)
Withdrawal with a bank card – 2,99%, min. fee 10 PLN

Withdrawal Fee

COIN/TOKEN	DEPOSIT FEE	WITHDRAWAL FEE
AAVE	0.00000000	0.08000000
ALG	0.00000000	135.00000000
AMLT	0.00000000	530.00000000

Safety is Priority

BitBay Crypto Exchange care about the safety of the clients’ funds in many different ways. They have the original security solutions and we provide the clients with features that allow them to secure their accounts.

Why You Should Secure Your Account?

BitBay Crypto Exchange Because in the exchange transactions are made with real money! When you make a deposit, you place your funds on your BitBay account. It’s important that you have constant control over them. If you won’t turn on protection features, someone can get access to your account and steal your money! What should you take care of?

Two-Factor Authentication

BitBay Crypto Exchange It is another option that will help you secure your account. This way no one can log in to your BitBay account if they know only your password. Two-factor authentication requires another piece of information to allow logging in. Without it, no one can access your account. You have a couple of options to choose from:

Google Authenticator – it’s a mobile app that generates one-use codes for logging in. Each time, after filling in your password, a pop-up will appear and ask you to provide a code generated by Google app. It’s a great method to secure your account because it requires another device. Even if someone breaks into your computer, they won’t have access to your phone and won’t be able to log in.
E-mail codes – an easier method that doesn’t require a mobile app. Each time you log in you will receive an e-mail message with a code, that you have to fill into pop-up that appears after filling in your BitBay account password.

Funds Safety

BitBay Crypto Exchange keep all cryptocurrency funds on so called cold wallets. It means they are not connected to exchange servers directly. It guarantees that no third-parties can access those funds. Additionally, all those wallets are properly encrypted. Fiat currencies (e.g. PLN, EUR, USD) are guaranteed by the bank. Thanks to that, our clients’ funds are safe no matter what.

Why Choose BitBay

Best in Class.

Your crypto is secured by the same best practices and innovative security measures Blockchain uses to custody billions of cryptoassets for institutional clients.