The safety of our users has always been our top priority, so in cooperation with the National Public Prosecutor's Office, the Police Headquarters and FinCERT.pl - the Banking Cyber Security Center of the Polish Bank Association we do our best to prevent frauds. What should you know about fraud in the cryptocurrency market? Remember that investing in cryptocurrencies is legal! Unfortunately, recently we have seen more and more illegal activities that aim, to deceive victims by offering them supposedly help in investing. The time of the pandemic makes it easier for scammers who are often part of organized crime groups to carry out their plans, taking advantage of fear and the uncertain economic situation of people. The scale of fraud is growing, with individual transactions reaching ever higher amounts. 8 golden rules how to protect yourself from this type of fraud: Before investing, be sure to check that the institution or investment platform: ● is licensed by a regulatory authority in one of the EU countries, Is located in an EU country. BitBay is a fully regulated exchange, as the only exchange allowing the exchange of cryptocurrencies into fiat currencies has an Estonian license "Providing a virtual currency service". Our headquarters are located in Estonia, an EU member country. Remember! If entities are not regulated in an EU country, they do not have to provide reports as required by Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulations and are not subject to the Acts. Always read the regulations. Your suspicions should be aroused by the very high commission amounts, the condition of continuous investing and the obligation to pay high membership fees. Investing at BitBay is completely voluntary, no one from the staff will persuade you to open an account. Your account is free and there are no set up or inactivity fees. Do not, under any circumstances, share your investment platform, online or mobile banking login credentials, or sensitive payment card information with anyone. No one at BitBay will contact you to obtain such information. Never install additional software, on devices from which you log into online banking or other financial institutions. You will never be asked to do so by BitBay employees. Protect the confidentiality of your identity and documents; Verify, e.g., on the Internet, the credibility of an institution offering you the opportunity to invest and make large profits in a short period of time; Be alert to any offers to transfer funds from others, so as not to unwittingly take part in a crime; Remember that "leveraged" investments are always high risk. High risk information should be presented in a clear and understandable manner; Remember, if you have any doubt that we have contacted you, you can contact BitBay customer support. We will help you and your request will never go unanswered. You can also contact your bank, and if you suspect criminal attempt, you have the right to report it to the police. Most importantly, always be vigilant. Don't be tempted by quick earnings in a short period of time. Tags security bitbay cryptocurrency exchange
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