Is bitbay a good exchange?

I've been hearing a lot about cryptocurrency exchanges lately, and one that has caught my attention is Bitbay. However, I'm still not entirely sure if it's a good choice for trading. Could you possibly provide a concise yet thorough description of Bitbay, highlighting its key features, reputation in the market, and any potential drawbacks or limitations? Specifically, I'm interested in knowing about its user interface, transaction speeds, security measures, supported currencies, and whether it's suitable for both beginners and experienced traders. Additionally, I'd like to know if there are any recent customer reviews or ratings that could help me make a more informed decision.