There’s a new Bitcoin and Litecoin exchange in town, and it’s called BitBay. Not to be confused with the project run by CassieHeart on BitcoinTalk, which is also called BitBay (although that name will probably change now)
BitBay is based in Poland, and it mostly aimed at Polish citizens, as you would come to expect.
Using BitBay, you can both buy and sell Bitcoin and Litecoin, against different fiat currencies, such as USD, EUR and PLN.
You can sign up for an account, free of charge, but you will need to provide some documentation in order to get your account verified and have access to all functions BitBay has to offer.
Currently, BitBay is still in beta, which means that there might be some unexpected downtime in case something goes wrong.
However, the beta phase also brings a positive side, as all trading will be done at 0% fees for both buyers and sellers, so that’s something!
As I mentioned before, both Bitcoin and Litecoin are supported. Especially the Litecoin part is intriguing to me, as most exchanges are quite hesitant to pair Litecoin with fiat currency.
You can use the same fiat currencies to purchase Litecoin as you can for Bitcoin, but you can also just exchange between Bitcoin and Litecoin if you prefer.
The launch of BitBay is a very positive note for cryptocurrency enthusiasts, after the recent Mt Gox debacle. We will see how the beta phase goes, and keep you updated on the progress.