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Sylwester Suszek established the cryptocurrency exchange BitBay in Poland in 2014. BitBay’s headquarters are in Katowice, Poland, at ul. Kpowa 45, in the 583rd district. The exchange also has outposts in New Delhi and Amsterdam. In order to provide Polish cryptocurrency traders with a safe and secure platform on which to transact in well-known cryptocurrencies like Bitcoin, Ethereum, and Litecoin, BitBay was established. BitBay gives its users the option to pay their bills with Bitcoin through SMS in addition to bitcoin trading services.

With more than 400 thousand active customers now, the exchange boasts more than 1200 transactions each minute. Today, it transacted more than 500,000 Bitcoin annually. Also noteworthy is the fact that it is one of the few cryptocurrency exchanges in the world that permits trading in Polish Zloty (PLN).

BitBay offers a variety of ways for users to deposit and withdraw money for their advantage and convenience. Cryptocurrencies like Bitcoin, Ethereum, Litecoin, Liksc, Monero, Bitcoin Cash, Dash, and even game tokens are accepted for deposits and withdrawals. As an alternative, you may deposit or withdraw money using fiat currencies like the US dollar, Polish Zloty, and euros. These monies can be transferred via a variety of means, including bank wire transfers, credit/debit cards, the Polish Post Office, Express DotPay, and the Zabka retail network. At any ATM that supports MasterCard, withdrawals can also be made using a BitPay debit card.

Currently, BitBay has physical locations in the Netherlands and India in addition to Poland. There are no restrictions on who may open an account at BitBay, though, as it is unregulated. This indicates that BitBay accepts users from the United States as well.

Account users from India must first complete the “Know Your Customer” requirement in order to trade on the BitBay platform.

For people who want to trade cryptocurrencies, BitBay has made a proprietary web-based platform available. It is made to be straightforward and simple to use. It lacks any form of analytical tools and just includes the basic “Buy” and “Sell” features. TradingView provides the price chart. You have the choice to trade cryptocurrencies on your cellphones with BitBay. The exchange does not, however, have a unique mobile app of its own. Instead, its platform is coupled with “TabTrader,” a trading terminal for all the main exchanges, a third-party mobile trading software.

Security is a key concern for BitPay. On the website, all transactions are carried out using encrypted HTTPS connections. Additionally, BitBay staff members must approve all transfers. BitBay has also incorporated secret passwords, two-factor authentication, and cold storage wallets as additional security precautions. In a nutshell, BitBay’s security is unbreakable.

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