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.
- Accepts Credit Card
- Trades in Bitcoin, Ethereum and Litecoin
- Multiple trading-tools available
- 5% fee on Credit Card
- Difficult for beginners
|Credit Card||5%||15 000€|
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.
BitBay is based out of Poland.
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