Established in 2014, BitBay is a cryptocurrency exchange that is reputed for being one of the largest of its kind in Central Eastern Europe with 200+ employees, serving more than 800,000 active users and executing over 125 transactions per minute. They offer multiple cryptocurrencies for trading online, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Ripple, and others, through their proprietary trading platform that is available as a mobile app. Traders are also provided with trading tools, educational materials, and a client support team. BitBay has been honored with multiple awards in the past, including The Best Cryptocurrency Exchange 2017 and 2018, Polish Innovation Award in 2017, and more.
BitBay Review Introduction
In this BitBay review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including BitBay.
BitBay Platforms & Tools
The Exchange provides traders with the BitBay trading platform. It is owned by the Exchange and has an intuitive interface and dozens of innovative trading tools that make it easier to analyze the cryptocurrency market and trade efficiently. The BitBay trading platform is available as a mobile trading app that can be downloaded from the Android and iOS app stores. The mobile app allows traders to manage their trading accounts and place trades anytime and from anywhere in the world once they are connected to the internet. Trading API and a range of downloadable graphic materials are available to ensure that traders get a seamless trading experience.
BitBay Research & Education
Traders are provided with a selection of educational materials that are aimed at enhancing their trading expertise. The materials include News, Helpdesk, Press Room, Trading Articles, and an FAQ section that gives instant answers to some of the most common questions that traders have.
BitBay Trading Accounts
BitBay offers a live trading account from which traders can trade over 30 digital currencies, and they can make both online and offline payments. The Exchange does not charge any fees for account management.
BitBay Account Funding
International bank transfers and digital currencies are the two accepted payment methods at BitBay. Each payment method has a different processing time.
BitBay Customer Service
The Exchange provides traders with a customer support team, which is available to offer prompt and polite responses to clients’ general, technical, and account-based inquiries. They can be reached via Live Chat, email, and social media.
BitBay’s administrator is BB Trade Estonia, a company that is registered in Tallinn, Estonia, and entered into the Registration of Entrepreneurs under the registration number: 14814864. BitBay is not regulated by any financial regulatory authority at the moment. But cryptocurrency exchanges generally are not yet well regulated.
BitBay Review Summary
BitBay is an EU cryptocurrency exchange that was launched in 2014 and offers multiple cryptocurrencies for trading online through their proprietary trading platform while providing some trading tools and educational resources to help clients have better trading experience. BitBay is the third-largest cryptocurrency exchange in Europe and has nearly 1 million users worldwide. They offer trading in over 30 cryptocurrencies and allows for FIAT deposits and withdrawals in USD, EUR, and PLN. However, the Exchange is not regulated by any regulatory body at the moment, and this could deter most potential traders from trading with them.
It is worth mentioning that some of the trading products and services in this BitBay review may differ or not be available to traders in some countries due to regulations. As the broker’s terms can change over time, please verify all information is up to date directly from the BitBay broker website which you can visit by using the link below.
Trading in digital currencies and engaging in related leveraged transactions entails significant financial losses. You should not commit funds to trading or leveraging digital tokens that you cannot afford to lose entirely. Market prices for digital currencies can be volatile and highly unpredictable.