Is Bitbay safe and Legit? Let see all you need to Now About BitBay Platform
Is Bitbay safe and Legit? Bitbay is a polish base modern cryptocurrency exchange platform in launched in 2014. Bitbay also has other branch offices in Amsterdam and New Dehli.
Bitbay was officially launched to offer a reliable, secure, and safe platform for Poland cryptocurrency traders to trade popular cryptocurrencies like Ethereum, Litecoin, and bitcoin. Bitbay also allows its cryptocurrency traders to pay their bills with Bitcoin via SMS.
Bitbay has over 400 thousand active users conducting more than 1200 transactions per minute. Today
Is Bitbay Legal? | Is Bitbay Safe?
Is bitbay legal? /Is bitbay safe?
Apart from Poland Bitbay is currently supported in Netherlands and India. Currently, there is no restriction on who can access Bitbay cryptocurrency platform this means that even U.S citizens can access the Bitbay account.
However, there are some restrictions for people in India. Before an India account holder is allowed to trade on the Bitbay platform, they ought to fulfil the “know your customer requirement first.
When it comes to security Bitbay uses an HTTPS security protocol for all Bitbay transactions on the Bitbay online sites. All Bitbay data are encrypted to restrict unauthorized access. Bitbay also asks for two-factor authentication and cold storage wallets as an added security.
For now, Bitbay is a web-base platform with a very simple and easy to use interface, it has the simple buy and sell feature and does not inclasks any kind of analytical tools. .bitbay price chart is provided by trading view.
How Does Bitbay Work?
The first approach is for you set up a Bitbay account if you don’t already have a bitbay account sign up for one this is very simple, here is;
How To Sign Up For Bitbay Account
- Tap on the login button
- Tap on register to begin registration
- Provide your email addresses or use google automatic sign up method by clicking the google button on the sign up page
- You will receive a mail asking you to activate your bitbay exchange account
- Tap on activate from your mail
- Completed your bitbay exchange account by logging in with your email and password, and pin that will be useful when contacting bitbay customer support
- Remember your password should consist of small and capital letters, numbers and special characters
- Your account will be created immediately
Bitbay Account Verification
Most bitcoin platforms will always ask you to verify your cryptocurrency account before trading. You will have to verify your Bitbay exchange account before you can fully access the bitbay exchange account:
How To Verify Your Bitbay Account?
To verify your Bitbay exchange account you will need to send both sides of an ID document (passport or ID card)
You will be granted access to cryptocurrency end fiat deposit through bank transfer after positive data verification
You will also need to provide address confirmation not older than 6 months your address confirmation for your Bitbay exchange account could be; electricity, water, telephone, gas, house or land agreement, official ZUS, tax office letter, and summary of bank account.
How Do I Add Money To Bitbay Assets? | How Do I Incest In Bitbay?
After the while verification processes you will need to add funds to your bitbay exchange account for trading, to add funds to your Bitbay account after Bitbay log in follow the steps below:
- Select wallet
- Choose your preferred currency your ant to use in funding hour bitbay exchange account
- On bitbay exchange platform, bitbay provide you with the opportunity to buy and sell in USD, EUR, and PLN.
All you need to do is send the money to the given transfer number. Funds are booked at least three times a day. With a fund in your bitbay exchange account, you can immediately trade digital currency by utilising the quick transaction tab.
Bitbay Pros And Cons
Pros
- Bitbay exchange platform supports ATM withdrawal
- Bitbay ensure right security
- Bitbay provides good bitbay customer support
- Bitbay exchange platform support currency like U.S, dollars and polish Zloty.
Cons
Bitbay exchange platform cons;
- Rare range cryptocurrency
- Some bitbay service on the bitbay exchange platforms are limited to polish resident.
I am sure the post was an interesting one, just drop your comment or question on the box below. Thanks
