BitBay is one of the largest and oldest European digital currency exchanges. It offers trading in some of the largest and most popular digital currencies: Bitcoin (BTC), Bitcoin Cash (BCC), Litecoin (LTC), Ethereum (ETH), Lisk (LSK), Game (GAME) and Dash (DASH). They can be traded against the “standard” fiat currencies USD and EUR and the Polish zloty (because BitBay) is a Polish company.
The website was established in 2014 and has grown to be one of the largest exchange websites in Europe today. Based in Poland and a new office in Amsterdam, the company is spearheaded by their CEO Sylwester Suszek –who is well-versed in the finance world. Bitbay.net is also active when it comes to charity events, conferences, and education to raise awareness on how huge the crypto-world is today and how people can take advantage of it.
Now we’ve come to the most interesting part of the review, which is their trading platform. Our first impression is that the website’s trading platform is properly designed and pretty much looks like the usual exchange websites today since the main tabs are located on the left-hand side of the platform. Not shown in the screenshot, but on the upper left-hand side of the candle chart, the market and currencies can be seen.
Here, traders are able to see the pairs against USD, PLN, EUR, and BTC. To name the pairs under USD, we’ve got BTC, ETH, LSK, GAME, BCC, BTG, LTC, and DASH. For PLN, EUR, and BTC, we’ve got the same pairs listed.
Shown in the screenshot, to purchase or sell you just need to provide the amount you want to purchase and the platform will automatically provide you with how much BTC you will receive after their conversion rate is processed. The latest transactions can be seen on the right-hand side of the platform with the rate it was a purchase, the amount of BTC of the transaction and when the transaction took place.
Below that is where all your orders will be listed once they have gone through. It would have been better to have a test account but it seems that their website doesn’t have this feature. Their exchange platform is really informative and easy to use without any problems in regards to the website’s response ability since there was no delay experienced when we went through it.
BitBay is a Poland-based cryptocurrency exchange that offers PLN, EUR, and USD trading with cryptocurrencies like BTC, LTC, ETH, and LSK. Using BitBay, you can withdraw PLN from ATMs in Poland using your cryptocurrency amounts.
The company also lets you buy with a credit card (VISA or MasterCard), although this service is only available in Poland.
Ultimately, BitBay is particularly popular among Polish cryptocurrency users. However, it has higher fees than other exchanges, and some services are only available to residents of Poland, which limits its popularity internationally.
However, Polish cryptocurrency users enjoy a wide range of benefits – including one of the few services where you can withdraw PLN via ATMs.
|Rank||Site||Margin trading||Fiat||Safety||API||Referral||Location||Languages||Buy with||User Vote||Score|
|1||A||San Francisco, USA||EN||bank transfer, card|
|3||A||No||Hong Kong||EN||EUR, USD|
|4||No||A||Europe||EN, CZ, SK||USD, EUR|
|5||A||No||San Francisco, California, United States||EN||USD, EUR, JPY, CAD|