BitBay review: advantages, disadvantages and tutorial

You want to use BitBay to trade or store cryptocurrency, but you do not know how this platform works and you would like to know about its advantages and disadvantages. This is what we suggest you to savor in this guide.

Introducing BitBay

BitBay is one of the most popular and popular cryptocurrency trading platforms on the market. This is partly because it is a versatile platform that will allow you not only to store your cryptocurrency through its integrated portfolio, but also to buy, sell, send or receive cryptocurrency . In addition, you can trade all the most famous cryptocurrencies, such as Monero, Bitcoin or Litecoin.

The advantages and disadvantages of BitBay

The main advantage of BitBay is its attractiveness. This is reflected in several ways. The first of these is the amount of fees charged on transactions. They are indeed well below average. In addition, you can fully use BitBay without having to confirm your identity. This allows you to start trading without waiting too long. However, you can also increase your possibilities by doing it. Finally, the BitBay platform does everything possible to ensure the security of your data since you can not only protect your access with a second code, but you can also enjoy the two-factor authentication via Google Authenticator.

However, BitBay also has some disadvantages. The first of them is that the interface is entirely in English (or in Polish), which can be embarrassing for those who have some difficulties in the language of Shakespeare. Another big disadvantage is that you will not receive a notification, either for a payment you receive or a transfer you make to another account. However, this can be solved by using BitBay Notifier, which relies on the BitBay API to notify you by email of each important event on your account. Finally, in case of problems with the latter, you will see that the responsiveness of customer service is far from exemplary. The response times are indeed quite long. However, as long as you understand English, a very complete documentation is available.

In conclusion

BitBay is one of the most popular cryptocurrency trading platforms and owes a lot to its attractiveness. You will find transaction fees well below average and you will not need to verify your identity to use it. Plus, you'll have everything you need to secure your account. However, we may regret that the interface of the platform has not been translated into French, which could put off the Anglophobes. In addition, if you do not install BitBay Notifier, you will not receive any notifications. Finally, the customer service is sorely lacking in responsiveness. BitBay, however, remains a very interesting platform, as long as English does not pose too many problems and you can be quite autonomous.