BitBay Review and Detailled Analysis 2021

BitBay Review and Detailled Analysis 2021

Home » BitBay Review and Detailled Analysis 2021

BitBay Overview:

    • Regulated: FCA, DMCC
    • Head Country: Malta
    • Min $100 Deposit
    • Operating Since: 2014
    • Type: Exchange
    • Spread: N/A
    • Commission: From $0
    • Platforms: BitBay, Web, Mobile
    • Funding: Wire Transfer, Cryptocurrency
    • Spread: N/A

BitBay Review

Launched in 2014, BitBay is considered to be one of the largest cryptocurrency exchanges in Central Eastern Europe; it has 200+ employees and serves more than 800,000 active users, executing over 125 transactions per minute. They offer multiple cryptocurrencies for trading online, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Ripple, and others.

In this detailed BitBay review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

BitBay Overview

With the head office in Tallinn, Estonia, BitBay is a cryptocurrency exchange that has been in operation since 2014 providing a global clientele with intuitive trading platforms for online trading of multiple cryptocurrencies. The Exchange provides traders with multiple trading tools and a good selection of educational materials. They are constantly developing and expanding with unique and original products, such as Internal Fiat Exchange, the PRO Mode for advanced traders, Professional ICO Services, and Affiliate Program for the users of their platform. BitBay has been honored with multiple awards and recognitions, including The Best Cryptocurrency Exchange 2017 and 2018, Polish Innovation Award in 2017, and more.

BitBay Regulation

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. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best brokers for alternative regulated brokers.

BitBay Countries

Persons from different parts of the world can open a trading account with the Exchange provided that doing so would not contradict any local law or regulation. They cannot accept US clients.

Some BitBay features and products mentioned within this BitBay review may not be available to traders from certain countries because of legal restrictions.

BitBay Platforms

The Exchange provides traders with an intuitive proprietary trading platform, which is available as a mobile trading app. It provides a flexible trading experience anytime, with dozens of innovative trading tools that make it easier to analyze the cryptocurrency market and trade efficiently. It can be downloaded from Android and iOS app stores on mobile smartphone devices.

     BitBay Trading Tools

Clients get access to some important trading tools that can help deliver a hitch-free trading experience. They include the Trading API and a range of downloadable graphic materials.

BitBay Education

The Exchange provides traders with a vast array of educational materials, including News, Helpdesk, Press Room, Trading Articles, and a well-organized FAQ section.

BitBay Instruments

BitBay offers online trading over 30 cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Ripple, and others.

BitBay Accounts & Fees

The Exchange offers a live trading account, which allows them to use the trading platform to trade over 30 digital currencies and make both online and offline payments. They do not charge any fees for account management.

As broker fees can vary and change, there may be additional fees that are not listed in this BitBay review. It is imperative to ensure that you check and understand all of the latest information before you open a BitBay broker account for online trading.

BitBay Support

The Exchange’s customer support team is available via Live Chat, email, and social media.

BitBay Deposit & Withdrawal

Account funding and withdrawals can be done using the following methods: international bank transfers, and digital currencies.

BitBay Account Opening

Opening a trading account with BitBay is free, and can be done by clicking on the ‘Open Free Account.’ Then, type your email address and submit. An instant link will be sent to your mail, which will be used to access your account.

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.

BitBay Summary

BitBay is the third-largest cryptocurrency exchange in Europe. The platform was founded in 2014 in Poland. Today it has nearly 1 million users worldwide, and it offers trading in over 30 cryptocurrencies and allows for FIAT deposits and withdrawals in USD, EUR, and PLN. However, BitBay is unregulated which may be a red flag for some potential clients. You may wish to view our best crypto brokers for regulated alternatives.

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.

BitBay Review and Detailled Analysis 2021 Details

Trading Software
Payment Methods
Min Deposit
Restricted Countries
Head Country
Broker Type
Price & Leverage
Trading Options & Tools
Comisions & Payment options
Customer Support
5.0 Overall Rating
BitBay Review and Detailled Analysis 2021
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