A sign is seen in a restaurant where a Bitcoin ATM is located in Toronto, Ontario, Canada June 3, 2017. REUTERS/Chris Helgren - RTX38TVV
BitBay is launching a dedicated platform for trade and exchange of cryptocurrencies in India.
BitBay is one of the top 10 ten cryptocurrency trading platforms in the world with over 200,000 users. Apart from Bitcoin, the company will make available 6 more cryptocurrencies for sale and purchase.
"It is the easiest and the safest way to buy, sell and trade Bitcoin, Litecoin, Ether, Lisk, Monero, Dash, and Gamecredits," the company's press release said.
"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."
BitBay India has advantages that are not available on other exchanges right now: it is the only company providing trade and exchange of multiple cryptocurrencies, high-level security standards, and offers a "cold wallets" policy and 2FA authentication solution.
By cooperating with world top payment providers and best local services, BitBay India brings many options for safe and fast deposits and withdrawals for users.
Between August 10 and 24, BitBay will allow users to undertake demo trading and exchange of cryptocurrencies without using real money. This will enable users to understand various functions of BitBay.
Not only this, all registered members with higher volume transaction till August 24 will get reward coins powered by Gamecredits and MobileGo.
“We are the number one in Eastern-Central Europe with more than 200,000 users. We are number 10 in the world and are in operations since 2014," Sylwestor Suszek, CEO, BitBay, told Moneycontrol at the launch function.
"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," he added.
With digitisation on the rise in India, one of the world's largest and fastest growing economies, cryptocurrencies can provide an edge to companies that have a global business model transgressing boundaries.
Rohit Dahda, BitBay India Head mentions, “We are bringing 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 in 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 on the platform to cater to requirements of common people on a day-to-day basis. We are following a high-security model and following two-fold authentication models for safe transaction.”
BitBay aims to add more advanced features to its trading platform and over the next six months, extend its domain up to 17 cryptocoins.
The company has set up customer support via many channels: calls, online chats and e-mails.