BitBay Offers Ethereum Trading Against Fiat And Bitcoin
BitBay is one a mission to bring not only Bitcoin, but also Ethereum trading to Poland. Thanks to a variety of trading markets, users can trade ETH against PLN, Bitcoin, EUR, and US Dollar. All in all, this seems to be very positive news for Ethereum, as the Ether token becomes more widely available. Even though it is rather easy and somewhat convenient to trade Ethereum across the major exchanges already, it is always good for to see more localized platforms expand their business. In the case of BitBay, a Polish digital currency exchange, the addition of Ethereum will hopefully help put....
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Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines AML and KYC Procedures at Bitbay Bitbay, a leading crypto trading platform in Europe, is now a fully licensed and regulated exchange under Estonia’s stringent regulations imposed last fall. The company has been audited by an independent third party which thoroughly examined its accounting....
Despite being the first company to offer Bitcoin trading in Poland, Bitbay has not stopped there and has announced the inclusion of Ethereum as a tradable asset. Ethereum is a crypto platform built especially for smart contracts and decentralized applications. Ether, a crypto token used for transactions on the platform, has seen a drastic increase in value lately, making it the second largest cryptocurrency after bitcoin. With more and more people making investments in Ether, many exchanges catering to bitcoin traders have started including Ethereum trading services. Interestingly, some of....
BitBay went down at approximately 4:28 PM UTC today. Estonia-based cryptocurrency exchange BitBay went offline for almost two hours on Monday without explanation.According to a tweet posted by BitBay on Oct. 12, the exchange went down at approximately 4:28 PM (UTC) today before resuming trading at 6:10 PM. BitBay posted an update before it had resolved the unnamed issue, announcing its plan to launch the platform with “the blocked possibility of transaction processing.” Users had 30 minutes to cancel offers posted on the exchange shortly before it went offline. This incident is BitBay’s....
Having launched just back on March 29 of this year, Bitbay is not a well-known Bitcoin and Litecoin exchange but it is already considered the most developing and promising exchange in its region, gradually attracting more and more traders from all over the world. Bitbay operates as a registered, limited-liability company headquartered in Katowice, Poland with a dedicated customer service office. Security-oriented, Bitbay offers best solutions to safety issues, with cold wallet asset storage and two-factor authentication (provided by Rublon) among them. The company is self-funded and one of....
BitBay, a new decentralized marketplace, turned into a huge scandal almost a month after its launch. BlackHalo Creator David Zimbeck, who was "forcefully" entitled as BitBay's lead developer, wrote a long post on Reddit explaining how he was tricked and intimidated by men using the alias of Bob and Gekko, two of the leading members of the BitBay project. According to Zimbeck's version of events, BitBay development project was supposed to be distributed among five people, which included himself, a man named Steven Dai, BTER developer Lin, Bob and his Gekko. The team further agreed to split....