Poland-based bitcoin and altcoin exchange Bitbay is set to launch a trading platform in India in a move that will see unprecedented support for the trading of multiple cryptocurrencies in the country.
Leading Polish bitcoin exchange BitBay is priming to become the first international cryptocurrency trading platform to target the Indian market with the launch of a new digital currency exchange in the country. The nascent but growing cryptocurrency market in India is heavily influenced by bitcoin-only trading platforms like Unocoin and ZebPay, two indigenous bitcoin companies from the country.
BitBay is one of the top 10 ten cryptocurrency trading platforms in the world with over 200,000 users. It is the easiest and the safest way to buy, sell and trade Bitcoin, Litecoin, Ether, Lisk, Monero, Dash, and Gamecredits. The prime objective of BitBay India is to remove all mis-conceptions related to cryptocurrency, drive more people towards digital currencies, attract potential investors from market and offer all round platform to trade as well as exchange multiple cryptocurrencies at BitBay. Sylwestor Suszek- CEO, BitBay with Rohit Dahda- BitBay India Head were available and discussed their innovative product at the gala evening happened at Blockchain Conference at Courtyard Marriot Hotel.
BitBay India has many advantages that is not available on the other exchanges right now like; the only company providing trade and exchange of multiple cryptocurrencies, high-level security standards, including "cold wallets" policy and 2FA authentication solutions. At a time when bitcoins are gaining notoreity in this world as a mode of payment for ransomware, Bitbay plans to introduce full KYC norms for traders on its platform along with security applications like two factor authentication to ensure genuine users trade on its platform. By cooperating with world top payment providers and local best services, BitBay India has many options for safe and fast deposits and withdrawals for users. Apart from Bitcoin, BitBay India will be offering 6 more cryptocurrency to keep and trade with local currency. From 14th - 24th August, BitBay will allow users to do demo trading and exchange of cryptocurrencies without using real money where users will be able to understand each and every aspect of BitBay functions. Not only this, all registered members with higher volume transaction till 24th will get reward coins powered by Gamecredits and MobileGo.
Sylwestor Suszek, CEO- BitBay says, "We are the number one in Eastern-Central Europe with more than 2.0 lakh users that tell about our poplarity and number 10 in the world, operating since 2014. BitBay India has been conceptualized to provide innovative services, support and solution for cryptocurrency users in terms of fast and secure transactions. Our team consists of specialists and Bitcoin enthusiasts who are active in crypto community, attend industry conference events and support charity causes via meaningful fund donations to relevant Indian societies."
India is one of the largest and fastest growing economy that is on the way of digitization. In the era of global business model that crossing all boundaries, cryptocurrencies can give edge on benefits to digital transactions. Rohit Dahda, BitBay India Headmentions, "We are brining BitBay in India to facilitate the exchange and trade of multiple cryptocurrencies at our platform with 24/7 support to users which is not available at any other platform right now. We are taking all necessary steps to adhere prescribed rules for BitBay India. In fact, we are offering demo trading for users before using real currency to bring a level of confidence in common people. Very soon we will be bringing more features at platform to cater requirement of common people on day to day basis. We are following high security model and following two fold authentication models for safe transaction."
India has its share of cryptocurrency exchanges but they are more market makers and less trading platforms. They have a set of bitcoins that are sold and bought from buyers in the country. However, they do not allow for order matching between buyers and sellers. They also do not deal in other cryprocurrencies, apart from Bitcoins, like Etherium or Litecoin or Lisk. BitBay will allow trading in nine cryptocurrencies. Over the next six months, this will extend to include 17 cryptocurrencies.
The web platform of BitBay will be extremely user friendly where technology is changing face of financial transactions. To begin with demo trading to real currency, the company will be adding more features of advance trading options and in coming 6 months Bitbay will extend its domain up to 17 cryptocoins. BitBay is dedicated to offer ultimate customer support, via many different channels; calls, online chats and e-mails.
BitBay India will launch operations with a 10-member team in New Delhi with a proposed plan to increase its workforce to 50 by the end of 2017.
Indian authorities have been exploring a regulatory framework for the legal future of bitcoin and other digital currencies in the country with an inter-governmental committee tasked to the job earlier in March. Earlier this week, the panel submitted its official report to India’s finance minister. While details of the report haven’t been made public yet, all signs point to the government recognizing bitcoin with regulations that will also include taxing bitcoin adopters.
About BitBay
The company was created not only because of interest into cryptocurrencies, especially Bitcoin but also the goal was (and still is) to provide innovative solutions for cryptocurrency exchange users. The company began the journey by creating safe, intuitive platform that enabled fast transactions.
Moreover BitBay gave an opportunity to exchange more than just Bitcoin. Second cryptocurrency we introduced was Litecoin and then Ether and Lisk. That way we became the only exchange in Poland that had so many exchange possibilities.
The platform is developing all the time. We are adding features that are giving many options to the customers. It's not only about exchange but also:
• Debit card that makes it possible to pay with cryptocurrencies at the stores and restaurants (only for Polish users)
• Affiliate program that makes it possible to build passive income
• ATM withdraws
• Express payments and bill payments and many more.
BitBay exchange offers a professional support as well. Our specialists help our clients in every situation. On our website there are also guides that make the world of cryptocurrencies understandable and easy. In Europe the platform records €50 million worth transactions on its platform and records around 10,000 to 1 lakh trades per day depending on price fluctuations and allows trading in 17 different cryptocurrencies. The company is also closley working with the Government of Poland to propel wider adoption of cryptocurrency in the country.
Image credit : Shutterstock, news.bitcoin.com
SOURCE : PRNewswire, Moneycontrol News, Cryptocoinsnews, BitBay
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