Your Coin Exchange is Not A Bank Account

Elaine
BitBay Blog
Published in
2 min readDec 21, 2017

Create a Web Wallet

Bitcoin exchanges offer a secure way to trade and buy cryptocurrency. However, many new users keep their funds circulating in the exchange and run the risk of being locked out of their accounts or not being allowed access to withdraw funds. BitBay’s recently released web wallet offers a simple solution to getting your coins off the exchanges and into your control.

Exchange Are Not Wallets

Here ye, here ye: If there is any golden rule in cryptocurrency, it’s that you need to keep your coins stored securely. Coinbase, one of the largest western exchanges, has dedicated a blog post to iterate this point. We want our users to be safe from the volatility of the exchanges and be able to use their coins for everyday purchases.

Instantly Send and Receive BitBay ($BAY)

The web wallet features an intuitive user interface which makes it extremely easy to sign up for a BitBay wallet address. The technology allows for the creation of multi-signature accounts, meaning you can keep a joint account with other users as well. The interface allows one to toggle between screens, view your BitBay balance, and connect to the block explorer to see your transaction history. These features enable a new user to have a familiar user experience that is comparable to reading an online credit card statement.

Web Wallet Features

New to cryptocurrency? Check out this guide for a more comprehensive tour of our web wallet’s features.

Learn More About Us

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