BitBay Review

BitBay, a virtual currency exchange that originated in Poland, is used for global trading. The exchange was founded in 2014 and it has its corporate office in Amsterdam. BitBay is one of the biggest cryptocurrency exchanges in Europe. It has recently launched a regional office in India as well. As of now, BitBay has more than 215,000 users. Also an annual volume of 545,000 BTC and more than 1200 transactions every minute.

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Though it has a smaller marketcap, traders able to carry out transactions of BitCoin, LiteCoin, Lisk, Ethereum et al.

The BitBay website offers an intuitive and user-friendly interface. However, users often complain that it uses greater bandwidth compared to the other websites. Like any other exchanges as Bitlio and CCEX, you can choose to set both, the price you are willing to pay and the number of altcoins you intend to buy. Instant transactions on BitBay are quite popular and traders often use it as and when required. It also helpful for those who cannot always monitor the market.

Bitbay offers some interesting features such as:

  • Anonymous markets
  • 24/7 availability
  • Powerful and dedicated servers that negates all forms of redundancy
  • Greater security through SSL encryption
  • The databases stored in encrypted disks
  • Encrypted cryptocurrency wallets
  • Users can view their login history
  • Cloud backup available
  • Authenticator Google or SMS token is used for user authentication

Trading experience on BitBay:

Leveraged trading not offered as BitBay’s operations are similar to any other exchange bureau. You can make payments using the tokens received. Some forex brokers offer trading in virtual currencies. But BitBay is quite different than those. Almost all of these brokers have CFDs on virtual currencies offering leverage that is lesser than fiat currencies.

A word of caution: BitBay does not provide much information on the security levels of client’s fund. You also will never get an idea about the amount kept in the cold storage.

Pros:

  • Learning and using is easy
  • Prompt customer support
  • Option for money transfer also available
  • Highly secured interface
  • A variety of deposit options
  • Debit card facility available

Cons:

  • Limited availability of tokens
  • Complete features not available to global traders

Affiliate Program:

BitBay offers an incredibly generous affiliate program. As affiliate partners get the opportunity to earn more than 20% as commission. You too can easily sign up for the affiliate program. As all you need to do is register with BitBay by filling up an online form. You will be granted the commission in the currency in which the earlier transaction was performed.

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Conclusion:

BitBay is a fast growing cryptocurrency exchange that is poised to capture the untapped crypto market around the world. The Polish cryptocurrency exchange offers trading in fiat currencies like USD, EUR and PLN along with cryptocurrencies such as ETH, LSK, BTC and LTC. If you are residing in Poland, you can use BitBay exchange for a variety of other purposes such as withdrawing PLN from the ATMs using your stored cryptocurrencies.

BitBay Affiliate Review

Our Review
  • 9.4/10
    Affiliate Program - 9.4/10
  • 8.9/10
    Features - 8.9/10
  • 9.8/10
    Reputation - 9.8/10
  • 9.7/10
    Security - 9.7/10
  • 9/10
    Usability - 9/10
9.4/10

Summary

Established in Poland in 2014, this exchange is very well received and regarded in Europe. The CEO is heavily involved in charity events further boosting the companies positive reputation. We haven’t worked with these guys just yet, but we are certain we will.

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