BitOnBay
Exchange Fees
Deposit Methods
Cryptos (13)
UPDATE 23 March 2023: While BitOnBay still has an active website that's possible to access, the trading volume is so low that we have decided to mark it as dead and move it to our Exchange Graveyard. We feel that it would not be prudent to refer users to a platform where they would have had great difficulties in their order execution.
Furthermore, BitOnBay's last tweet was sent out on 22 January 2019, so it seems a lot like the team has abandoned ship.
To find a reliable exchange with better liquidity, just use our Exchange List and we'll help you find the right platform for you.
BitOnBay Review
What is BitOnBay?
BitOnBay is a crypto exchange from Thailand. It has been active since 2018.
Support Hours
The support here is not open 24/7, but from 09:30 – 23:00 (in the GMT+7).
US-investors
To our knowledge, US-investors can trade at this exchange. However, any US-investors that want to trade here should form their own opinion on any issues arising from their citizenship or residency.
BitOnBay Advantages
The trading platform markets its fast transactions, strong security and customizable trading environment as the main benefits of the platform. Naturally, all of these factors are important.
BitOnBay Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at BitOnBay:
BitOnBay Fees
BitOnBay Trading fees
Always check the trading fees! This exchange is one of the exchanges that don’t charge different fees between takers and makers. Usually, you say that such exchanges’ trading fees are “flat”.
BitOnBay offers a flat trading fee of 0.25%, which is in line with industry average.
BitOnBay Withdrawal fees
This trading platform charges a withdrawal fee amounting to 0.001 BTC when withdrawing BTC. Also this is in line with industry average. The only empirical study over withdrawal fee averages that has been made that we know of is our own study. Our study actually showed that the global industry average BTC-withdrawal fee for exchanges charging fixed fees was 0.000812 BTC per BTC-withdrawal. Accordingly, BitOnBay is quite close to that average (slightly above though).
Deposit Methods
This exchange does not accept any other deposit method than cryptos. Accordingly, the exchange is not directly available to new crypto investors. If you are a new crypto investor and you wish to start trading there, you will have to purchase cryptos from another exchange first and then deposit them at the exchange. To find such other exchange, just use our Exchange Finder.