BitBay is licensed in Estonia!

BitBay logo

Pinewood Estonia OÜ, a company affiliated with Bitbay, has obtained two licenses legitimizing it to operate the cryptocurrency ex-change in Estonia!

Why they move operations to Estonia?

Estonia is seen as the leader among European cryptocurrency-friendly countries. Manycryptocurrency businesses and blockchain projects have opened their headquarters in Estonia.

As you may know, BitBay licensed payment provider BitBay Pay has been serving clients from Estonia for almost a year. As a result, BitBay have verified in practice the high level of professionalism of the local administration and the regulatory conditions prevailing there. The above experience prompted company to apply in Estonia for licenses authorizing cryptocurrency exchange in this country. Therefore, company decided to trans-fer activities to Pinewood Estonia OÜ.

How will migration to Estonia look like in practice?

  1. User accounts will be migrated to Pinewood Estonia OÜ automatically as at the end of 31 October.
  2. On 24thOctober at the latest, each user will be provided with the new Terms of Use and the Privacy Policy.
  3. During and after migration, the funds of all our users will be secure – we keep them on independent bank accounts, as well as on external cold wallets, which are not ac-cessible either from the platform level or the operator who serves us in a given region.
  4. Login, password, and 2FA will not be changed. Balances will be completely rewrit-ten. Your orders will not be canceled.
  5. All verified accounts will remain verified after the migration.
  6. After moving to Estonia, PLN deposits and withdrawals by wire bank transfers will beavailable. We plan to launch more payment operators.
  7. Deposits and withdrawals at Polish Post Office and withdrawals at ATMs will remain available for customers after the migration.
  8. After moving to Estonia, we will have new opportunities to launch alternative op-tions for the deposit and withdrawal of EUR, GBP, and USD.
  9. All markets for trading will remain availale. We are working on adding new ones with popular cryptocurrencies.
  10. The affiliate program will work without any changes. The migration will not affect the number of your affiliates.

Migration is free. There will be no charges related to this process.

Users who do not want to be served by the Estonian operator have the right to with-draw from the service contract by closing their account on the BitBay exchange and withdrawing funds no later than by the end of October 31st, with the proviso that the order to withdraw funds in FIAT should be made by 12:00 pm (CET) on October 31 at the latest.

CoinDeal Token Update

Get for FREE cryptocurrency tokens (CDL)!

The owner of CoinDeal market send information about changes underlying blockchain architecture on which the CDL is supposed to function.

They will be switching from EOS to Ethereum, creating a hybrid ERC20 / ERC223 token.

If you got your free CLD what I described in one of prev posts – you should know no additional action is required in this change and all users that have already claimed CDL tokens via Coindeal will have their tokens seamlessly converted to the new Ethereum based tokens.

CryptoTab Creative contest on Instagram — $1500 for the grand prize!

CRYPTOTAB BROWSER

Be creative to win the new CryptoTab contest! Draw, sculpt, cut out of wood, carve out of metal, assemble from a construction set, trample on a field — simply put, in any way depict the CryptoTab Browser icon — double “C” in the circle.

Take a photo of your work and post on Instagram — and get a prize!

Nominations and Prizes

There is a couple of ways how to win a prize and you do need expensive equipment.

$1500 USD – The largest logo

Boxes, tires, cars or even people — compose CryptoTab icon from whatever is available. The only requirement: logo must be LARGER! The larger the work — the higher your chances of winning.

$800 USD – The most creative photo

The most unusual, original, crazy works are appreciated here. Come up with a fresh, non-standard idea, surprise and impress us! That’s the way to conquer this nomination.

$500 USD – The most stylish photo

Everything starts with an idea, but at the end of the day, it’s all about execution. Demonstrate designer’s approach, make your post look truly stylish and aesthetic! Your great taste will be appreciated, we promise.

$300 USD – The cutest photo

In this category, the winner is the one who’ll be able to touch and melt our hearts. Take a photo that makes a soul as warm and cozy as a grandma’s sweater. Hint: two cats curled up in a basket look like…

3 additional prizes

$100 – The most creative post description

$100 – The most interesting story in the post

$100 – The most touching description

Attention! Additional prizes can only be awarded for posts in English.

Prizes will be paid out in bitcoins.

How to participate?

  1. Recreate CryptoTab logo in real world
  2. Shoot a photo, post on Instagram
  3. Follow CryptoTab on Instagram
  4. Leave a comment with a link to your post

Details rules and regulation available on CryptoTab page.

Good luck and have fun!