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September 22, 2020
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BitBay introduces a card for making quick deposits |

On the BitBay exchange you can now make a deposit with a Mastercard credit / debit card. How can this be done? And what are the benefits?

BitBay and MasterCard

BitBay decided to help its users to quickly deposit funds to the exchange. Moreover, card deposits are handled 24/7, and also 7 days a week. The waiting time for the funds to be credited is only about 10 minutes.

You can quickly deposit PLN and EUR with your Mastercard. The commission on card payments is 2.99%, the minimum commission is PLN 10 / EUR 2.50. All transfers are secured with 3D-Secure.

How to deposit funds by card?

Using the new stock exchange option is very easy. All you need is a fully verified account on the exchange and the 2FA security – Google Authenticator must be enabled.

Then go to the Wallets tab and select the currency in which you want to make a payment to your account. Card deposits are processed in PLN and EUR.

“If your card is in a currency other than the currency in which you want to make the payment, the bank will charge a commission for the conversion”

– adds the stock exchange.

The next steps are as follows:

1) Select “Deposit” and the option “Payment card”.

2) Then Click “Add Card”.

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3) Check the Terms and Conditions for using BitBay cards. After its approval, you will be redirected to the card operator’s website.

4) Complete the card details (name, surname, card number, expiry date and CVV code). Confirm adding the card with the 3D-Secure code. A non-refundable fee of EUR 0.01 – EUR 1 will be charged during card verification. The operator will ask you to log into the bank and confirm the amount of the verification transaction. BitBay will notify you by email once it has been verified and added to your account.

5) Now you can make your first deposit! Select a card and amount to deposit.

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Other important rules

Remember that you can deposit PLN and EUR with your Mastercard.

You can deposit up to 10,000 EUR by card within 30 days. Information about the remaining limit can be found above the deposit amount field. The limit is updated daily.

In addition, you can have 3 active cards (credit or debit) on your account. You can remove the card from your account at any time by clicking the “Deactivate” button below the card view. BitBay does not accept payments with prepaid cards.

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