BitBay is a Polish exchange launched in 2014. The feature of this platform is the opportunity to work with the Polish national currency (PLN). In total, BitBay reviews 40 different fiat (4) and crypto (36) currencies.
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.
Is BitBay legit? Yes, the site contains some documents that will be useful to read. All this reduces the likelihood of BitBay scam. In fact, the exchange provides enough information about security means to seem reliable.
Details on BitBay fees can be found on the website. There is a Charges table page, where you can find information about registration price, fees for different kinds of transactions, and minimum trade amount.
Deposits for digital currencies are free. As for fiat deposits, the fees are as follows:
The commission for withdrawals depends on the type of cryptocurrency. You can see the changes for fiat withdrawals in the table below.
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.
After the registration, you can start to work with your wallet and make deposits. This is one of many features available after opening an account.
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 2020 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:
- Supports PLN;
- There is an affiliate program;
- Possibility to receive debit cards (only in Poland).
- Relatively large commission.