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Score 85 / 100
Security 8
Customer Support 8
User Friendly 7
Regional Availability 10
Reputation 9
Fees 9

BitBay allows you to fund your account with a Credit Card, and then trade on their exchange market with other buyers or sellers who sells Bitcoin, Ethereum and Litecoin at market price with a maximum of a 0.5% commission. Bitbay does have a 5% fee on deposits made with Credit Cards so unless you choose to make your deposit through bank wire or other cryptocurrencies, the total fee will be rather high on your first purchase.

Pros and Cons

  • CheckAccepts Credit Card
  • CheckTrades in Bitcoin, Ethereum and Litecoin
  • CheckMultiple trading-tools available
  • Cross5% fee on Credit Card
  • CrossDifficult for beginners

Payment Methods

Payment Method Name Deposit Fees Exchange Rates Max Purchase
Without Verification
Max Purchase
With Verification
CheckCredit Card5%15 000€Check
CheckBankwire0%15 000€UnlimitedCheck

BitBay Review

BitBay offers a more advanced trading experience than any other of the exchanges we have reviewed. They have tools for sell and buy-orders which allows you to trade more efficiently than you would at many other exchanges. The reason for this is that BitBay does not hold the currencies themselves, they just provide a software and a marketplace for traders to buy and sell currencies between each other. Because of this, Bitbay is not ideal for someone who is new to cryptocurrencies, and we would recommend using some of our exchanges rated Beginner Friendly.

BitBay claims to not require any verification for purchases below 15 000€, this is unfortunately not completely true. In order to deposit money with your credit card, you are still required to validate yourself through a standard verification process. For trading in crypto or funding your account through bank wire however, you are not required to verify yourself.

Review Score: 85

Company Information

Company: BitBay

BitBay is based out of Poland.

Traded Currencies

  • CheckCheckBitcoin
  • CheckCheckEthereum
  • CrossCheckRipple
  • CheckCheckLitecoin
  • CrossCheckStratis
  • CrossCheckNEM

Latest news

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The Unbelievable Story of Bitcoin – [Part 1]

By Victor Hedman - July 3, 2017

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