Bitbay Broker Review

May 3, 2019

A Brief Overview Of Bitbay

Bitbay is a platform for trading crypto coins that have been in operation since 2014. The exchange was established to bring a new trading solution to the polish market. Their platform is intuitive and professional to make buying and selling of Bitcoins easy and straightforward.

Assets And Securities

Among the assets that you can trade on include various crypto-coins and also fiat currencies. Crypto units include litecoin, bitcoin, ethereum, Game, dash, and ripple while accepted fiat units include the United States dollar, zloty, and euro.

Fees

Trading fees are set at 0.43% for takers and 0.3% for makers for a 30-day trading volume below £1250. For up to £3750 the fee is 0.42% taker and 0.29% maker. The percentage drops with an increase in trading volume.

You incur no deposit fees unless you use Poczta Polska where you incur a fee of 2% on the deposit amount.

Withdrawals vary from unit to unit. For example, the fee for bitcoin is set at 0.00045 BTC while litecoin attracts a fee of 0.005 LTC.

Customer Support

Bitbay scores highly when it comes to customer support. They are professional and resolve issues promptly. You can do a live chat from the bottom right section of their website.

You can also make a call from Bitbay’s helpline number which is available daily from 8 am to 8 pm ( Helpline: +44 870 820 0322)

Pros

Reasonable fees.
Plenty of digital assets to trade on.
Accepts fiat currencies.

Cons

It has no regulation under any company.

Verdict

Bitbay scores highly in a number of key areas, first, its disclosure of information reinforces its credibility. The top notch support on the other hand ensures that you sail smoothly in their platform. Apart from the fact that they are under no regulation, we felt the broker could be reliable.