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In the year 2014, Sylwester Suszek founded BitBay, a digital currency exchange platform, headquartered n Katowice, Poland. With more than 800,000 registered users, the platform offers OTC solutions to institutional investors, allows seamless fiat transactions, and traders can fund and withdraw via the Polish Post Office.
- Firstly, high-volume individuals are offered robust OTC solutions.
- Secondly, the platform allows its users to make fiat-to-bank and bank-to-fiat transactions.
- Lastly, BitBay allows funding an account via the Post Office.
How to Boost Your Trading
At the outset, BitBay offers an Over The Counter or OTC trading solutions, which allow institutional investors and other large volume traders to execute large trades with one simple click. For example, the platform gives access to dozens of liquidity pools in one place.
A spokesperson, BitBay, commented, “We are happy to announce that OTC services are now available on BitBay! This option enables institutional clients to quickly and securely exchange a large amount of crypto to FIAT currencies at a guaranteed price.”
There is more to that, BitBay also allows its institutional clients to get an access to large number of digital assets prices in various fiat currencies. Some of the currencies that are currently available include USD, EUR, PLN, and other fiat currencies that are globally accepted.
How to Bank Your Bitcoin
On the other part, BitBay is well known as a digital currency exchange platform with flexible bank-to-fiat and fiat-to-bank transactions. By way of illustration, the platform allows its users to make withdrawals in EUR, USD, and PLN, the native currency of its country of birth.
A spokesperson, BitBay, added, “We would like to inform you that we have changed our bank accounts for EUR and USD deposit. This change has been made because we look for the best solution for international deposits. As a result, we decided to establish the partnership with Jax to boost your cash flow in EUR and USD.”
In addition, users on the exchange platform are able to withdraw their funds either via ATM or bank transfers. In order to withdraw at the ATM, users need to enter the amount they wish to withdraw and their registered phone number.
How to Courier Your Bitcoin
Last but not least, BitBay is currently the first and only digital currency exchange platform that does more than the conventional deposit and withdrawal options via wire transfers, bank deposits, and debit card. To illustrate, the company provides its users a rare opportunity to fund their BitBay account with an express deposit at the Polish Post Office.
A spokesperson, BitBay, said, “Now you can fund your BitBay account by express payment at the Polish Post offices. Payments are handled every day during the opening hours of post offices, among them you will find points which are open 24 hours a day . This service allows you for immediate deposits of maximum 50 000 PLN (not less than 5 PLN). There is no limit to the number of payments. The cost is 2% of the payment amount.”
Furthermore, this transaction is only available from Monday until Saturday from 09:00 to 17:00. Adding to that, users are required to fill in the deposit form, download the print, show it at the Post Office, and make payment, which is reported to appear on the user account within 10 to 15 minutes.
Keep in mind, a representative of the company wasn’t immediately available, however, the story is developing, so kindly check back for updates. In the meantime, you too can — Subscribe to newsHookers!