Bitcoin price has reached new heights in the past 10 months and there was a continuous bitcoin rally in last one month. This could be a good year for crypto markets.
As people hear about BTC price, they will start buying their own share of this cryptocurrency. This would take the value of the coin more than a thousandfold and this will make people go into platforms that trade Bitcoin or any cryptocurrency they want.
Today, we will be looking into one of Europe’s top websites that act as an exchange and trading platform at the same time. We are talking about Bitbay. We will look at what this exchange offers, what their background is, features, fees and how to trade and all.
So let’s talk about Bitbay,
What is Bitbay?
Bitbay is a cryptocurrency exchange which came into existence in 2014 and is based in Poland. The platform new office is in Amsterdam and the company CEO is‘Sylwester Suszek’ –who is a well-known personality in the finance world.
The company aims to provide innovative solutions for finance by providing a convenient platform for cryptocurrency. The company currency deals in various major cryptocurrency markets.
The company has partnered with Bitcantor, btc-sms.eu, btc for sms, Bitflora, Crypto news, bitcoinonline.pl, Coinforum.pl etc.
Features of Bitbay Exchange
The company has various exceptional features for its users. It provides professional support to its users when it comes to trading and exchange. The user can monitor all its operations whether it’s regarding exchange or trading currency.
More than 20 digital currencies to buy. No fees for account management i.e completely free account.
More than 800,000 unique users from around the world and BTC 547,000 of annual volume give it the leading position among Polish cryptocurrency exchanges.
The can enable two-factor authentication. Under this feature, a user can download Google authenticator on his device and scan the QR code of the Bitbay account. Thus, every time a user tries to log in, a 6-digit code goes to the registered mobile number. This adds an extra layer of security for the Bitbay account.
How to register a new account on Bitbay?
In order to register a new account on Bitbay, the user can log on to the website. The user can then click on “Create an account”. The platform would request the user to enter a valid email ID only. To activate the account, the user will have to click the verification link that goes to the user’s registered email ID.
Once the account is activated, the user has to enter further information such as username and create a password. The user will also have to set a customer service pin. This pin shall be applicable every time he calls the customer service.
Buy/Sell at Bitbay
Here, users can are able to see the pairs against USD, PLN, USDC, EUR, GBP, and BTC.
To purchase or sell you just need to provide the amount and the platform will automatically provide you with how much BTC you can receive after the conversion rate is processed.
Below is orders book will be listed once they have gone through. Their exchange platform is really easy to use without any problems. The UI response ability of the website is also good since there was no delay experienced when we were using it.
At the time of writing, Bitbay was ranked 68th with the 24-hr volume of $ 51,235,432 with 15% growth. It was one of the few platforms to have growth except all which were in the red line. The platform offers around 79 trading pairs according to the site coinmarketcap.
BitBay PRO is a trading version of the platform, which will give you access to professional tools and indicators, that will make an easy analysis of the cryptocurrency market.
The PRO mode includes a user-friendly interface, which makes the ability to make deposits and withdrawals easy and also it allows you to customize the layout according to your preferences.
To enable PRO mode, just log in to BitBay. On the left, there is a tab “Trading PRO mode”. Click on it, and you will be transferred to trading version.
To set PRO mode as the default view, just click information bar at the top of the panel. And From next time you will be automatically taken to the PRO Mode.
Fees at Bitbay depends on the monthly volume trade size. The taker fee ranges from 0.25 to 0.43% and the maker fee around 0.17 up to 0.30% per transaction.
May 17, 2019: how the world’s first algorithmic and fully-decentralized stable coin will help you if you are a trader or investor? BitBay Dynamic Peg https://buff.ly/2Ymjh25
BitBay community is testing the unique features which will make BitBay the first truly independent stable currency.
May 14, 2019: BitBay ($BAY) has been officially added to the list of supported coins on GeneralBytes ATM’s.
April 29, 2019: Bitbay gets lists on OEX exchange.
April 03,2019 : https://twitter.com/BitBayofficial/status/1113435787343880192
Overall, Bitbay is a great exchange and it offers user to turn online crypto into real money with the use of their physical card. They have flexible deposit options to choose from, which gives it an edge over other exchanging websites. The Platform is waiting for its new stable coin and preparing for the upcoming bullish market.