Bitay Fee Calculator
Calculate how much you could save annually by using Bitay's zero trading fees compared to other exchanges. Bitay offers 0% trading fees for users in the Bitay+ program, which requires holding BTCY or reaching certain trading volumes.
Annual Savings Estimate
Your calculated savings will appear here.
Note: Bitay's 0% fee applies only to the Bitay+ program. You must hold BTCY or reach specific trading volumes to qualify. Fees may vary based on currency and transaction type.
When youâre looking for a crypto exchange that works across borders, supports dozens of local currencies, and promises zero trading fees, Bitay sounds like a strong contender. But hereâs the catch: itâs not on CoinMarketCapâs main list. Itâs labeled as âuntracked.â That means most traders donât see its volume, rankings, or real-time data. So is Bitay a hidden gem or a risky gamble? Letâs break it down - no fluff, just what matters.
What Is Bitay, Really?
Bitay is a centralized crypto exchange founded in Turkey in 2019. Its legal entity is BITAY TEKNOLOJI SANAYI TICARET ANONIM SIRKETI, and its global HQ is in Seychelles. Itâs not a small player - it claims to serve over 200 countries and has more than 1 million users on its Bitay Turkiye platform alone. But unlike Binance or Coinbase, Bitay doesnât publish audited trading volumes. Thatâs why CoinMarketCap doesnât rank it. You wonât find its daily volume on most crypto dashboards. Thatâs a red flag for serious traders who rely on liquidity data.Trading Options: Basic Mode vs Pro Mode
Bitay splits its interface into two modes. If youâre new to crypto, Basic Mode is simple: pick a coin, enter how much you want to buy, and click âConfirm.â No charts, no order types - just buy and sell. Perfect for someone using their phone to grab a little Bitcoin or Ethereum on the go. For experienced traders, Pro Mode opens up real tools: candlestick charts, 15+ technical indicators, limit orders, stop-losses, and trailing stops. Itâs not as advanced as TradingView on Binance, but itâs enough to make informed trades. You can trade over 350 cryptocurrencies across 850+ pairs. Thatâs more than most regional exchanges offer.How Do You Fund Your Account?
Bitay lets you deposit via bank transfer or credit/debit card. You can use USD, EUR, TRY, and 18+ other local currencies. Thatâs a big plus if youâre in Turkey, the UAE, or parts of Eastern Europe where other exchanges block local payments. Card deposits are instant, but bank transfers can take 1-3 business days. Withdrawals are handled the same way. You can pull out crypto to your own wallet or cash out to your bank. Withdrawal limits vary based on your verification level. Bitay Wallet, their standalone app, even lets you skip KYC for small transactions - which is rare among regulated platforms.Security: Cold Storage and MSB License
Bitay claims 95% of user funds are stored in offline, multi-signature cold wallets. Thatâs standard for reputable exchanges - Binance and Kraken use similar models. The remaining 5% stays in hot wallets for fast withdrawals. Thatâs a reasonable balance between security and usability. It also holds a Money Services Business (MSB) license in 16 U.S. states: Arizona, Arkansas, Colorado, Indiana, Kentucky, Massachusetts, Michigan, Mississippi, Missouri, Montana, North Dakota, Pennsylvania, Utah, Virginia, Wisconsin, and Wyoming. That means itâs legally allowed to operate there - no shady offshore shell company vibes. But itâs not licensed nationwide like Coinbase. If you live outside those 16 states, you canât use Bitay for fiat deposits.
Bitay+ Loyalty Program: Zero Fees and Up to 10% Staking
This is Bitayâs biggest selling point. The Bitay+ program offers:- 0% trading commissions (yes, really)
- Staking APRs up to 10% on selected coins
- Higher fiat withdrawal limits
- Priority access to new token launches on Bitay Launchpad
Bitay Coin (BTCY) and Ecosystem
Bitay created its own token: BTCY. According to BusinessWire (October 2023), BTCY surged over 230% during a market dip. But no independent data backs that up. Itâs likely a marketing push to boost platform usage. BTCY is used for fees, staking rewards, and accessing Bitay+ benefits. Think of it like BNB on Binance - but less proven. The platform also offers:- Bitay Launchpad: Early access to new tokens
- Bitay Bundle Tokens: Pre-packaged crypto portfolios curated by their team
- Bitay Wallet: Non-KYC option for small transactions
- Bitay Gift Card: Buy crypto with gift cards
- Bitay Academy: Free beginner guides and video tutorials
Where Bitay Excels (and Where It Falls Short)
Strengths:- Zero fees for active traders (Bitay+)
- Strong in Turkey and Middle East
- Non-KYC wallet option for privacy-focused users
- Good mobile app (iOS since 2019, 74.8 MB)
- 24/7 customer support
- Untracked volume on CoinMarketCap - no transparency
- Only available in 16 U.S. states
- No independent audit reports on security
- Most reviews come from company press releases, not users
- Discrepancies in coin count (40+ vs 350+ across sources)
Is Bitay Safe to Use?
Safe? Maybe. Trustworthy? Unclear. It has a U.S. license, cold storage, and a solid app. But thereâs zero public proof of its reserves. No proof of reserves audits. No third-party security certifications. No user reviews on Trustpilot or Reddit. Thatâs unusual for an exchange with over a million users. If youâre in Turkey, the UAE, or one of the 16 U.S. states where itâs licensed - and youâre okay with limited transparency - Bitay can be a good tool. Especially if you trade often and want to cut fees. But if you want to know exactly how much liquidity youâre trading against, or if you need full KYC compliance for large deposits, look elsewhere.
Bitay vs Other Exchanges
Hereâs how Bitay stacks up against three major platforms:| Feature | Bitay | Binance | Coinbase | Kraken |
|---|---|---|---|---|
| Trading Pairs | 850+ | 1,000+ | 200+ | 300+ |
| Trading Fees | 0% with Bitay+ | 0.1% (lower with BNB) | 0.5% (credit card) | 0.16%-0.26% |
| Staking APR | Up to 10% | Up to 8% | Up to 6% | Up to 7% |
| US Availability | 16 states only | Not available | Full U.S. | Full U.S. |
| KYC Required | Optional for small wallets | Mandatory | Mandatory | Mandatory |
| Volume Tracking | Untracked | Tracked | Tracked | Tracked |
Who Should Use Bitay?
- You live in Turkey, the UAE, or one of the 16 U.S. states where Bitay is licensed.
- You trade frequently and want to avoid fees.
- Youâre okay with less transparency in exchange volume.
- You want to stake crypto and earn up to 10% APY.
- You prefer mobile-first, simple interfaces with optional advanced tools.
Who Should Avoid Bitay?
- Youâre in the U.S. but not in one of the 16 approved states.
- You need audited proof of reserves or third-party security reports.
- You trade large amounts and rely on deep liquidity.
- You read user reviews on Trustpilot or Reddit before depositing.
- You want a globally ranked, widely recognized exchange.
Final Verdict: Worth It?
Bitay isnât a scam. It has a license, cold storage, and real users. But itâs also not a top-tier global exchange. Itâs a regional player with aggressive marketing and a loyalty program thatâs hard to ignore. If youâre in a supported country and want to trade with zero fees while earning decent staking rewards, Bitay is worth a try - but only with money you can afford to lose. Donât deposit your life savings. Start small. Test the withdrawal process. See how fast support replies. Then decide. The crypto world moves fast. Bitay could grow into a major player - or fade quietly. Right now, itâs a high-risk, high-reward option for the right user.Is Bitay a legitimate crypto exchange?
Yes, Bitay is legitimate in the regions where itâs licensed, including 16 U.S. states and several countries in the Middle East and Europe. It holds a U.S. MSB license and uses cold storage for 95% of user funds. However, itâs not fully tracked on CoinMarketCap, and thereâs no public audit of its reserves, which raises transparency concerns.
Can I use Bitay in the United States?
You can use Bitay only if you live in one of these 16 U.S. states: Arizona, Arkansas, Colorado, Indiana, Kentucky, Massachusetts, Michigan, Mississippi, Missouri, Montana, North Dakota, Pennsylvania, Utah, Virginia, Wisconsin, or Wyoming. Itâs not available nationwide like Coinbase or Kraken.
Does Bitay require KYC verification?
Bitay Wallet allows non-KYC transactions for small amounts, which is rare. But to deposit fiat, trade larger amounts, or use the Pro platform, youâll need to complete KYC. The level of verification depends on your activity and withdrawal limits.
What cryptocurrencies does Bitay support?
Bitay lists over 350 cryptocurrencies across 850+ trading pairs. This includes Bitcoin, Ethereum, Solana, and its own token, BTCY. However, some sources list only 40+ coins - likely due to regional differences in platform offerings. Always check the app or website for the most accurate list in your region.
How do I earn 10% APR on Bitay?
The 10% APR is offered on select coins through Bitayâs staking program, but only if youâre enrolled in the Bitay+ loyalty program. You unlock Bitay+ by holding BTCY or reaching certain trading volumes. Rates are promotional and can change. Always read the terms before staking.
Is Bitayâs mobile app safe?
The Bitay app is available on the Apple App Store and has been since 2019. Itâs 74.8 MB and requires iOS 12.0 or later. Android users can access the platform via browser. The app uses standard encryption and two-factor authentication. But since Bitay doesnât publish security audits, youâre trusting their internal practices.
Whatâs the catch with Bitayâs 0% trading fees?
Thereâs no hidden fee - but you need to be in the Bitay+ program to get 0% commissions. That means holding BTCY or trading frequently. If you donât qualify, standard fees apply. Also, withdrawal fees and network fees still exist. The 0% rate applies only to trading.
Can I withdraw my crypto from Bitay to another wallet?
Yes. You can withdraw any supported cryptocurrency to an external wallet. Withdrawal times vary by coin - Bitcoin can take 10-30 minutes, while Ethereum may take longer during network congestion. Always double-check the address before sending.
