Bitbay Review

(Last Updated On: April 27, 2019)

Bitbay is a Poland based online exchange currently moving to MALTA  which allows a global exchange.  Bitbay is a small exchange as compared to other sharks but is relatively good and easier to use providing extended functionality.

This exchange may be small in volume and market cap but is extended in functionality and ease provided to its users as compared to many online exchanges available out there.

The Website

User Interface is really amazing and easy to use especially for newbies and there are features such as Debit Cards, Accounts and exchange available.

The user can easily sign up within 5 minutes and start trading with many deposits and withdrawals options available in USD, Euro, and PLN, as well as Bitpay debit card, can be used around the world to withdraw offline and is connected to Bitpay account.

However, the site is currently under maintenance and is said to be moving to a new supplier in Malta which will increase its volume of coins and user base and will be able to work within the European Union as well the full story can be found on.

https://bitbay.net/en/news

Currency Support

Bitbay currently supports Bitcoin, Bitcoin Cash, Ethereum, LiteCoin, Lisk, Game Credits, Dash, Bitcoin Gold, KzCash, Infinity Economics, Ripple, PLN, Euro, and USD.

There are options to trade in these currencies with Deposits including Bank transfer, Wire Transfers and SEPA transfers in USD, Euro, and PLN, as well as deposits and withdrawals, can be made in all cryptocurrencies.

Fees

The Fees are quite affordable when conducting business with Bitbay the market fees start from 0.25% for the maker and 0.21% for takers which are quite good according to Industry standards.

 

Another amazing ease provided by Bitbay is that the Deposits in digital currencies and transfers in USD, Euro or PLN are free of charge.

And when it comes to withdrawals there are some fees to consider which are usually charged by the network and wire transfer fees while withdrawals are as low as 4PLN.

Customer Support

The customer support regarding Bitbay stands apart from other platforms as there is a Live Chat option available on the main page and there are FAQ and email support also available. A phone helpline is also available every day from 8 am to 8 pm.

Conclusion

Overall Bitbay is a legitimate exchange but users are advised not to make any new signups as it is currently under maintenance and is moving to Malta from Poland which hasn’t reflected the trading options but Bitpay Debit card services are stopped currently due to this process all the news can be found on Bitpay website and users are hoping that this platform comes up with more extended functionalities after this major upgrade.

 


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