BitBay review
BitBay is a Polish exchange launched in 2014. The feature of this platform is the opportunity to work with the Polish national currency (PLN). Also, BitBay reviews such tokens as:
- Bitcoin;
- Ethereum;
- Litecoin;
- Lisk.
Also, it supports USD and EUR. Where is BitBay located? The exchange is headquartered in the city of Katowice, Poland. The official site is bitbay.net, which has 3 language versions:
- English;
- Russian;
- Polish.
Is BitBay legit? Yes, also on the site you can find some documents that will be useful to read. All this reduces the likelihood of BitBay scam.
BitBay fees
Details on BitBay fees can be found on the website. Account registration and maintenance free of charge.
Commission for the transaction depends on the trading volume of the user:
Deposits for digital currencies are free, the commission for withdrawals depends on the type of cryptocurrency:
- BTC: 0.00045
- LTC: 0.005
- ETH: 0.00126
- LSK: 0.2
- BCC: 0.0006
- GAME: 0.005
- DASH: 0.001
- BTG: 0.0008
There are also BitBay limits, which determine the minimum amount for withdrawals:
- PLN: 10
- BTC: 0.0001
- LTC: 0.1
- ETH: 0.01
- LSK: 0.1
- BCC: 0.001
- GAME: 0.1
- DASH: 0.01
- BTG: 0.001
Is BitBay safe?
One of the first questions that arise overviewing an exchange “Is BitBay safe?”. Well, let’s see what kind of protection the BitBay team offers us. Firstly, when you create the BitBay login, you need to come up with a strong password, which should consist of 8 characters minimum, should have large and small letters, as well as symbols and numbers. Secondly, you can use 2FA. Thirdly, you can connect the confirmation of actions, so without your knowledge, no action will be performed. Fourthly, to protect the BitBay wallet, the company uses cold storage. Also, there have not been cases of BitBay down.
BitBay wallet
After the registration, you can start to work with your wallet and make deposits. To do this, select the “Wallets” tab and select the currency you want to replenish. To make a payment, in the same Wallets tab, select the desired currency and click “Withdrawal”, then, enter the address of the recipient and the amount.
How to buy on BitBay? To do this, select the “Exchange” tab and just enter the amount you want to buy or sell, and then the system will find the best offers for you.
If you have any questions, for example, “How to use BitBay?”, you can contact BitBay support. The hotline works from 8 am to 8 pm. BitBay phone number is +44 870 820 0322.
So, let’s sum up our BitBay review 2018 and emphasize all the pros and cons:
We hope this BitBay review was useful for you if for some reason you can’t use this site, or you suspect BitBay fraud, we offer you the BitBay alternative:
• Electrum;
• Coinbase;
• LocalBitcoins.com;
• Bitfinex.
Leave a Reply