How to safely buy Cryptos.

Choosing a safe and proven cryptocurrency exchange is essential.Choosing a safe and proven cryptocurrency exchange is essential.

Cryptocurrencies have grown significantly in popularity in recent years. They have become a viable alternative to investments in precious metals such as gold or silver, as well as to investments in FIAT currencies.

Before the bull market of 2017, not many people were interested in them. There was a lot of buzz about Bitcoin when it increased its value 20-fold in less than a year. On January 1, 2017, it was valued at $1,000, and in December of the same year — its price was already oscillating around $20,000. It was a very good year not only for Bitcoin, but also for other cryptocurrencies, the so-called altcoins. The king is one and he is doing well, however, not all cryptocurrencies created at that time have stood the test of time. That’s why it’s important that you choose the objects of your investments carefully.

A safe and proven cryptocurrency exchange

The situation is similar when it comes to choosing an exchange. You should never leave it to chance. You should choose an exchange that is large, legal and regulated. For Poles permanently living in Poland, the most suitable choice seems to be the BitBay exchange. It is the largest cryptocurrency exchange in Central and Eastern Europe. It was established in Poland in 2014, and its founder is … a Pole. Yes, it is a global exchange with Polish roots.

BitBay is the winner of many awards, including: Invest Cuffs 2019 Blockchain Exchange of the Year, or Best Cryptocurrency Exchange (Berlin Summit 2018), and many others. And in addition, it prides itself on high customer service satisfaction.

There are over 800,000 active users registered on the exchange, 125 transactions per minute take place, and the exchange’s annual volume is almost 550,000 BTC! To take care of security and efficient customer service — the exchange employs more than 200 employees.

Easy registration

To complete the first stage of registration you just need to enter your email address. After a short while, a link necessary to activate your account will be sent to the email address you provided. Click on the “Activate Account” button to complete the registration.

Subsequent forms contain standard fields that allow you to uniquely identify the newly registered person. You will have the opportunity to select a login, password and PIN.

You must be of legal age to create an account. There are two types of accounts to choose from — private (personal) and business.

Verification, why is it important?

Verification is required to take full advantage of the exchange. It is not only legally mandated, but also for your safety and peace of mind. How would you feel if you knew that anyone could register and claim to be someone they are not?

Each verification is conducted individually by a designated employee of the exchange.

Deposit funds quickly

BitBay offers multiple deposit options. You have the option to make a bank wire deposit in Polish Zloty, US Dollars, Euros or Pounds Sterling. Express deposit at Polish Post offices is also available. Payments via bank transfer are not subject to any additional fees.

Deposits are posted 3 times per business day, at: 11:00, 14:00 and 17:00.

If you hold cryptocurrencies on other exchanges or devices you also have the option to transfer them to BitBay. Cryptocurrencies are posted immediately upon receipt of a specific number of confirmations from the network. In the case of Bitcoin — posting is done after just 3 confirmations.

Wide selection of markets

Currently, there is a very wide selection of altcoins available on BitBay. We can choose from more than 30 cryptocurrencies, distributed on 4 markets: to PLN, USD, EUR and BTC. Such cryptocurrencies as Bitcoin Cash, Litecoin, Ethereum, Ripple, Neumark, Zcash, Lisk, among others are ready for trading.

There is very high liquidity in the markets for gold. For you, this means that you can easily buy and sell the digital currencies of your choice at a reasonable rate. The exchange data is also published within the Coin Market Cap service.

How much funds to allocate to invest in cryptocurrencies?

Remember to only invest funds that you can lose. Although there is a small probability that the value of Bitcoin will fall to zero. However, for other lesser-known cryptocurrencies, such cases have already occurred. Fortunately, BitBay is careful about introducing new crypto markets, and the current cryptocurrencies are ranked in the top 100 in terms of popularity.

Remember to manage your capital wisely, and allow yourself more than one “shot”, because it is very difficult to make a local low, after which the price will only go up.

1, 2, 3 — you have Bitcoin!

Buying Bitcoin or any other cryptocurrency is easy as pie. See for yourself!

After logging into the platform — click on the Exchange tab.

Next, choose a market to trade in.

In this field you can enter the price yourself

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