✔️ Information reviewed and updated in November 2024 by Eduardo López
IS BitBay TRUSTED? REVIEWS
In this post I will be reviewing BitBay. (with website bitbay.market) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I think BitBay is an UNSAFE company AND I CONSIDER IT UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
Information | About the company |
---|---|
(I.e. Company | BitBay. |
???? Address | Not mentioned |
📄 Attend the event | Not mentioned |
🛡️ Regulapain | Not mentioned |
️ ️ Telephone number | Does not have |
Does not have | |
🌐 Website | bitbay.market |
???? Live Chat | Yes |
💳 Payment methods | Credit card, cryptocurrencies |
❓ Company type | Cryptocurrency Exchange. |
📞 LIST OF PHONE NUMBERS:
The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.
💰 DEPOSITS AND ACCOUNTS:
The company does not mention any accounts on its website.
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- We were unable to obtain the domain registration for “bitbay.com” at the moment. We suggest you stay alert. 🚩🚩
- The website mentions which company it belongs to, but I have not been able to find “BitBay.” in company records. I think it may be a fake company.
- As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company.
⭐ BitBay REVIEW:
After carrying out an analysis of the company, I have reached the following conclusions:
- The company does not provide information about its location. This reflects a clear lack of transparency in key aspects that are essential to assessing the company's security.
- There is no mention of any regulations or details about its regulatory status. This indicates that the company IT IS NOT REGULATED.
- So far, we have not been able to obtain the domain registration for “bitbay.com”. We recommend staying alert.
- The company has a very negative reputation on the Internet, as various customer complaints have been found.
“To be honest with you, I would not invest in this type of company that is not regulated and also mentions belonging to “BitBay“which appears to be a fake company. I honestly cannot recommend such a company.”
💬 WHAT TO THINK ABOUT A COMPANY LIKE BitBay?:
BitBay is a cryptocurrency exchange that operates under its own platform. Although it mentions being part of BitBay, it does not provide details about its location, which raises some questions regarding its transparency. Furthermore, there is no mention of its regulation, which could be an important factor to consider for those interested in operating on safe and regulated platforms.
Unlike other exchanges, BitBay does not offer different account types or plans. The platform is proprietary and features several useful resources for traders, such as explanations about the markets it operates in, news, videos, forums, and an educational section. This variety of resources can be useful for users looking to stay informed and improve their trading experience.
As for its safety and reliability, although many positive reviews and recommendations can be found online, we suggest caution. The lack of clear information about its location and regulation are aspects to take into account before trading.
📣 LATEST UPDATES:
At the moment, we do not have updates.
✔️ CLAIM MONEY FROM BitBay:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT TO BitBay:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
BitBay is a cryptocurrency exchange.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
BitBay It is a company that I consider NOT RELIABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
Thanks for the analysis, I was looking for information on them
Hello Holario Castello, this broker called BitBay is a SCAM, many investors have sued BitBay for fraudulent activities, it is not advisable to invest money in an UNREGULATED broker. It's a SCAM and does not return money to its customers.
ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE!.
If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes don't existThey ask for it so they can steal more money from you.
We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back, we are on your side
Greetings.