|Founded||February 1, 2014|
|Brief||BitBay is a financially and technologically-oriented company which has achieved international success with Polish capital. BitBay was created in 2014 in Katowice.|
|Last updated:||Thursday, August 22, 2019 3:00:02PM UTC|
|Volume 24 hours, USD:||24 524 171|
|Volume 7 days, USD:||135 843 132|
|Volume 30 days, USD:||544 854 542|
General BitBay facts, technical details and general information about BitBay exchange
BitBay is a financially and technologically-oriented company which has achieved international success with Polish capital. BitBay was created in 2014 in Katowice. Our goal was to create a platform that was not available on the Polish market - a professional and intuitive trading platform for buying and selling Bitcoins and Litecoins. BitBay CEO - Sylwester Suszek, who has a lot of experience in the finance world has been running the business from the beginning. He has previously co-created two large companies from a financial sector, and later, along with his partners, build a strong Bitcoin exchange.
The second version of our platform was launched in 2015. The exchange system has been improved to be more user-friendly, as well as first professional trading tools have emerged. We added new cryptocurrencies such as Etherum or Lisk. At that time our team expanded from 14 to 31 employees. At the same time, we had been planning international expansion and we have opened a second office in Amsterdam.
At the beginning of 2016, we started to work on BitBay 3.0 version of the platform. Our team has extended to 70 people at that time. In the meantime, new products such as BitcoinCantor and bitcoin payments appeared.
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.
According to BitBay's site opening an account is free and does not require additional verification with documents or copies of government ID. Like with other exchanges, there is also the option for a verified account.
Similarly to the vast majority of digital currency exchanges, BitBay works like a traditional exchange bureaux and does not offer leveraged trading. The tokens obtained through the exchange can be used for payments.
This is much different than the forex brokers who offer trading in digital currencies. Most of them have CFDs on digital currencies and offer some leverage (usually much lower than for trading in fiat currencies) and those instruments are used for speculative trading and not for getting hold of the tokens themselves. Such brokers are FXTM, IG, HYCM, easyMarkets (started offering those instruments only recently), FxChoice, Grand Capital, etc. Other brokers, like eToro are offering crypto copy funds, while Swissquote teamed up with the cryptocurrency exchange Bitstamp to provide digital currency trading.
|BitBay volume change 24 hours||20.66%|