Overview
Zonda, previously BitBay, has been active since 2014. Originating in Poland, it rebranded in 2021 and moved operations to Estonia, securing a full EU license. With over a million users and steady daily volumes, it positions itself as a regulated fiat-friendly hub in Central and Eastern Europe.
Assets and tools
Zonda supports 50–70 cryptocurrencies and over 100 trading pairs. Fiat currencies like EUR, GBP, PLN and USD are integrated, along with stablecoins. Deposits and withdrawals work via bank transfer or cards. TradingView charts, stop-limit orders and a mobile app round out the core features. Zonda Academy and Zonda Pay provide education and crypto spending options.
Market activity
Daily volume usually ranges between 7 and 11 million USD. Roughly 180,000 trades occur per day across more than a million registered users. While not at global scale, liquidity is enough for most retail trades.
Regulation and security
The platform complies with EU AML and KYC rules, which can mean slower verification but builds trust with banks. Funds are mostly in cold storage with encryption and two-factor logins. Independent audits are conducted, aiming for stable if unspectacular security.
Pros
- Licensed and regulated in Estonia under EU standards.
- Supports multiple fiat currencies alongside crypto.
- User-friendly interface with advanced tools embedded.
- Extras like Zonda Academy and Zonda Pay add utility.
- Clear withdrawal fees and competitive trade rates.
Cons
- KYC verification can take a long time.
- Fee structure varies, not always the lowest.
- Loyalty perks mostly benefit high-volume traders.
- Customer support can slow down during peak times.
Zonda snapshot table
| Feature | Strengths | Weak points |
|---|---|---|
| Regulation & security | EU license, cold storage | KYC delays |
| Assets & fiat | Decent coin list, fiat friendly | Variable fees |
| Tools & extras | Charts, mobile app, education | Support response time varies |
| Volume & liquidity | 7–11M daily, 1M+ users | Not top-tier depth |
| Regional position | Strong in CEE market | Heavy competition |
Final word
Zonda has weathered years of market cycles and regulatory changes. It is not the cheapest or fastest exchange, but it offers steady, licensed service with fiat on-ramps. For European users seeking reliability over hype, it remains a relevant option.