BitBay Trading Signals - TU Expert review

Updated: December 17, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Full BitBay
overview

BitBay Trading Signals

Information

The BitBay crypto exchange has a single fee for crypto-crypto transactions: 0.0% for the maker, 0.1% for the taker. Trading fees for cryptocurrency pairs with fiat have 19 trading levels. The levels are determined by the user's trading volumes for 30 calendar days. At the minimum level (less than 1250 EUR), the taker's fee is 0.43%, and the maker's fee is 0.3%. At the highest level (over 875,000 EUR), the taker's fee is 0.25%, and the maker's fee is 0.17%.

Account type	Spread (minimum value)	Withdrawal commission
Standard	From 0.1% per offer	Yes

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

Copy trading.
Email alerts.
Signals through a blog on the website.
Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Short introduction of BitBay

BitBay, originally a Polish cryptocurrency exchange founded in 2014, has undergone significant changes, including a rebranding to Zonda in 2021. Currently operated by BB Trade Estonia OÜ, the exchange continues to provide services in European markets, operating in accordance with MiCA (Markets in Crypto-Assets Regulation) and holding licenses in Lithuania, Slovakia, Estonia, Canada, and Italy.
The exchange offers fiat-to-crypto trading, cryptocurrency trading, and OTC (over-the-counter) trading. The platform supports a variety of cryptocurrencies and fiat currencies such as USD, EUR, and PLN.
In terms of security, BitBay (Zonda) employs standard measures like two-factor authentication (2FA) and cold storage for funds. However, some users have reported issues with customer support responsiveness and occasional difficulties accessing their accounts when attempting to log in from new IP addresses.
BitBay is generally considered a legitimate platform, although there have been client complaints regarding withdrawal delays and difficulties with support. These issues have raised concerns among some users, but the exchange has not been involved in any major hacks or scams.
Currently, the Zonda exchange (formerly BitBay) continues to operate, but its reputation varies depending on user experience and feedback, particularly regarding the quality of service and transaction processing.

💰 Account currency:	Cryptos, currencies
🚀 Minimum deposit:	No (available for fiat)
⚖️ Leverage:	No
💱 Spread:	Market
🔧 Instruments:	Cryptos, currencies
💹 Margin Call / Stop Out:	No

BitBay Pros and Cons

👍 Advantages of trading with BitBay:

•user-friendly and functional trading terminal with a mobile version;

•universal account for cryptocurrencies and fiat funds;

•the ability to withdraw funds from ATMs (via SMS);

•payments up to 80% of the fees of referrals under the affiliate program;

•one of the lowest trading fees in the segment;

•cold storage of user funds.

👎 Disadvantages of BitBay:

•absence of tutorials;

•no stop loss and take profit functions;

•no scalping.

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that BitBay does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

See related articles in our selection:

FAQs

Can trading signals depend on the account type?

Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.

In which form can signals be provided?

Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.

Are there fees charged for trading signals?

Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.