Bitcoin Forum

Hey guys,

So I got verified/accepted by bitbay.net and Im going to buy bitcoins with a lot of money. The thing is I don't want to loose my money. So Im wondering has anyone tried bitbay.net ? Are they scammers ? Are they good ?

Thanks for your help guys

I haven't tried or used bitpay so I can't say if it is safe to buy Bitcoin from them, but all i know is their domain name is not bitpay.net, this is their official website https://bitpay.com/ so im pretty sure that you are using a phishing site or scam site. Be careful about this kind of scams because they are using those well known cryptocurrency services and then create a fake website with similar domain and the same user interface to stole peoples login information and scam them so you should always double check the domain name you will enter. Why not just use coinbase?

On the bold part, I think you should because it seems that you read his statement wrong, or you just assume that it was bitpay. He really mean bitbay.net and the site is really existing.

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@richcoincloud11, I don't have a personal experience in using the site. Before, there have been several numbers of accusations that the site is a scam (well, all exchanges seem to have), BUT Bitbay denied that (ofcourse) and claimed that they are a "credible cryptocurrency exchange and trading platform" in their post here (http://credible cryptocurrency exchange and trading platform).

Though they operate since 2014, it seems that they aren't that well known. If you really plan to buy BTC with "a lot of money", I think it would be better to diversify in different exchanges or just don't do the transaction all at once.

They have an Announcement Thread in the Forum : https://bitcointalk.org/index.php?topic=1024193.0 and an active account : Bitbay (https://bitcointalk.org/index.php?action=profile;u=252173)

Checking their thread and found out that they are inactive with too far away gaps withing their given update which means even on my side i wont really trust such service and buying bitcoins involving lots of money then it would really be a risky move to do specially when you are just focusing into a non well-known,non-reputable site. Always to put some doubts since we are talking big money on here and being suggested above its better to partition it into various exchangers.