BitBay
BitBay is a decentralized cryptocurrency exchange that allows users to trade digital assets and currencies in a peer-to-peer manner without an intermediary. Its key features include a double deposit escrow system, built-in marketplace, and smart contracts.
BitBay: Decentralized Cryptocurrency Exchange
A peer-to-peer cryptocurrency exchange with double deposit escrow, inbuilt marketplace & smart contracts for secure trading
What is BitBay?
BitBay is a decentralized cryptocurrency exchange platform that enables users to trade digital assets and cryptocurrencies in a peer-to-peer manner without an intermediary. It was launched in 2014 with the goal of providing users more control, privacy, and freedom over their funds and trades.
Some of the key features and highlights of BitBay include:
- Double deposit escrow system - BitBay uses a unique double deposit escrow system to secure trades between users. Both the buyer and seller deposit the trade amount into escrow, preventing fraud.
- No KYC - BitBay does not require know your customer (KYC) procedures or collection of personal user data, preserving privacy.
- Built-in marketplace - The platform has an integrated marketplace for buying and selling goods for cryptocurrency.
- Smart contracts - BitBay allows users to create and deploy smart contracts for more complex trade conditions and arrangements.
- Tor integration - BitBay has embedded Tor integration for enhanced privacy and anonymity when making trades.
- Decentralized order book - The order book is decentralized across nodes on the network rather than centrally hosted.
By combining features such as escrow, smart contracts, Tor, and a decentralized order book, BitBay aims to provide one of the most secure and private peer-to-peer trading environments outside of centralized exchanges.
BitBay Features
Features
- Decentralized cryptocurrency exchange
- Double deposit escrow system
- Built-in marketplace
- Smart contracts
Pricing
- Free
Pros
Peer-to-peer trading without intermediary
More secure than centralized exchanges
Lower fees than centralized exchanges
Cons
Lower liquidity than centralized exchanges
Limited fiat currency support
Steep learning curve for new users
Official Links
Reviews & Ratings
Login to ReviewThe Best BitBay Alternatives
Top Bitcoin & Cryptocurrency and Cryptocurrency Exchange and other similar apps like BitBay
Electrum
Electrum is an open-source desktop software wallet used to store, send, and receive bitcoins. It focuses on speed, security, and simplicity through the use of servers that handle the most complicated parts of Bitcoin transactions.Some key features of Electrum include:An easy-to-use interface that beginsners can easily operateThe ability to recover...
Binance
Binance is a cryptocurrency exchange platform that allows users to buy, sell and trade various digital currencies like Bitcoin, Ethereum, and hundreds of altcoins. Founded in 2017 by Changpeng Zhao, Binance quickly became one of the largest crypto exchanges by trading volume due to its focus on performance, security, multi-language...
Coinbase
Coinbase is one of the most popular cryptocurrency exchanges, catering to both beginner and advanced crypto traders. Founded in 2012 and based in San Francisco, Coinbase allows users to securely buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and many more.Some key features that make Coinbase a top choice include:User-friendly...
Bisq
Bisq is a decentralized, open-source cryptocurrency exchange and trading platform. It allows users to trade national currencies and popular cryptocurrencies privately and securely without requiring personal information or relying on a centralized entity.Some key features of Bisq include:Decentralized and peer-to-peer - There are no centralized servers that hold funds or...
Uphold
Uphold is a digital money platform that allows people from around the world to buy, hold, trade, send, and receive a range of digital currencies such as Bitcoin, Ethereum, Litecoin, Dash, and XRP. The platform was founded in 2014 and aims to facilitate instant and low-cost transactions across multiple asset...
LiteBit
LiteBit is a leading European cryptocurrency exchange platform founded in 2013 in the Netherlands. It allows users to easily buy, sell, and manage various popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and more.Some key features of LiteBit include:Easy to use interface and trading experience suitable for both beginners and advanced...
LocalMonero
LocalMonero is a peer-to-peer platform for trading the privacy-focused cryptocurrency Monero. It enables direct trading between buyers and sellers, without going through a centralized cryptocurrency exchange.Some key features of LocalMonero include:Private and secure trading - Trades occur directly between users through encrypted communication channels to ensure privacy.No registration required -...
WhiteBIT
WhiteBIT is a centralized cryptocurrency exchange that was founded in 2018 by a team based in Estonia. Within two years after launch, WhiteBIT became one of the top 20 exchanges by daily trading volume due to its focus on altcoins and competitive trading fees.WhiteBIT offers over 200 cryptocurrency trading pairs...
Btc-e
btc-e is one of the oldest bitcoin and cryptocurrency exchanges, having been founded in July 2011. Based originally in Russia, the exchange moved to Bulgaria in 2016 after facing legal issues in the US. It aims to provide a simple interface for individuals to trade digital currencies like Bitcoin, Litecoin...
Bit4.Sale
Bit4.Sale is an open-source, self-hosted ecommerce platform built specifically for accepting Bitcoin payments. It allows merchants to easily set up an online store without needing extensive technical skills.Some key features of Bit4.Sale include:Open-source codebase that can be downloaded and installed on your own serverModern, responsive storefront themesSupports Bitcoin payments natively...
Foxlet Wallet
Foxlet Wallet is a cryptocurrency wallet designed for the Cardano (ADA) blockchain. It aims to make ADA storage and transactions easy and secure for users.As a multi-platform cryptocurrency wallet, Foxlet is available as a browser extension for Google Chrome, Brave, Firefox, and Edge as well as a mobile app for...
CODEX.ONE
CODEX.ONE is an AI-powered writing assistant designed to help individuals and teams craft better content. It works by providing real-time suggestions, analyzing the tone and style of your writing, catching grammatical and spelling errors, and more.Some key features of CODEX.ONE include:Integration with popular writing apps like Google Docs, Microsoft Word,...
Cryptomarketplace.live
Cryptomarketplace.live is an underground online black marketplace launched in 2021 that allows vendors to sell illicit goods ranging from stolen data, exploits, counterfeit items, fraud services, and drugs using cryptocurrencies as payment. It is part of the dark web, accessed through Tor browser, which hides users' IP addresses and locations.The...