Paybis is a popular UK-based cryptocurrency exchange offering users a wide range of features and benefits, with many positive users reviews online. This article will provide an overview of the pros and cons of a particular exchange, discuss its usability aspects, examine the speed and ease of registration and account funding processes, and conclude with my own personal opinion.
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What is Paybis?
Paybis is a global cryptocurrency exchange that makes it easy for users to buy their first crypto. Launched in 2015, Paybis offers a wide range of cryptocurrencies that can be purchased with credit and debit cards, Neteller, Skrill, bank transfers, and Bitcoin. With services available in over 180 countries, Paybis is a reliable and secure platform for users to purchase their desired crypto. With its easy-to-use interface, Paybis is the perfect platform for users to get their hands on their first crypto.
The founders created the platform to help people participate in the exciting world of blockchain. They offer a variety of payment methods and have a near-perfect score on Trustpilot. Their dedicated support team ensures that customers have a great experience and come back to use our service again. They are committed to providing a secure and responsive platform for buying and selling cryptocurrencies.
Key Features of Paybis
Paybis distinctive features include:
A conversion calculator is very useful. To find out how much a specific amount of any offered cryptocurrency will cost you, simply enter the amount into the Paybis website’s calculator.
Fast KYC procedure. The KYC procedure takes approximately 15 minutes, after which you are free to trade.
FCA certification. The Financial Conduct Authority, the UK regulatory authority, has granted the exchange a license.
Referral program. for each friend you refer to the platform, you earn 20% of the Paybis fees they pay—large customers who bring in many referrals or enterprise-level users can negotiate a higher percentage with the team.
There are no wallets on the exchange. For security reasons, instead of keeping your funds in an exchange-hosted wallet, they are immediately transferred to your own wallet that you enter during the purchasing process.
Coverage on a global scale. Paybis provides its services in over 180 countries worldwide, as well as 48 US states (the only exceptions being Hawaii and New York).
Acceptance of credit/debit cards. Paybis is one of the few exchanges that accept these payment methods. To purchase cryptocurrency, you can also use Neteller and Skrill, as well as bank transfers, and even Bitcoin.
Key Advantages of Paybis
Paybis is a popular cryptocurrency exchange platform that has earned positive reviews from users for its reliable and secure services.
A Very Secure Cryptocurrency Exchange
When it comes to picking the best cryptocurrency exchange, security should always be the top priority. Many exchanges offer a wide range of features and offers, but if the security is lacking, it won’t matter. Most exchanges have some sort of insurance in place, but it’s better to be safe than sorry. Make sure to do your research and read reviews to ensure the exchange you choose is secure and reliable. Additionally, look for features like two-factor authentication, cold storage, and other security measures. By taking the time to find a secure exchange, you can rest assured that your funds are safe.
It enforces strict KYC regulations, meaning users must pass extensive identity verification steps before they can make any major moves on the platform. Additionally, Paybis does not store cryptocurrency on its platform, making it a non-custodial exchange. This means users must possess a wallet of their own to transfer their funds after trading. All of these features make Paybis one of the most secure crypto exchanges in the industry.
Around-the-Clock Customer Support
This platform offers 24/7 customer support. This means that customers can get in contact with the exchange’s customer support at any time, no matter what issue they are facing. The customer support is friendly and patient and will help with any issue. Paybis is a great choice for those looking for a reliable and secure cryptocurrency exchange with excellent customer support.
Accepting Fiat Payments!
Paybis is a cryptocurrency exchange that allows users to purchase cryptocurrencies with both credit & debit cards and bank transfers. This is great news for crypto enthusiasts, as it eliminates the hassle of transferring coins from other exchanges or wallets. Paybis is also a legitimate exchange, as it supports KYC identity verification and fiat payments. Recently, Paybis has also added Apple Pay support, allowing MacBook, iPad, and iPhone users to purchase cryptocurrencies with just a single click. All of these features make Paybis a great choice for anyone looking to buy or sell cryptocurrencies.
Fast Payouts
Paybis is a platform that is known for its fast payouts. Customers have reported that transfers from the exchange to their bank accounts are processed quickly and reliably. This is a great feature for crypto enthusiasts who have experienced long wait times with other exchange platforms. Paybis also offers ETH packages, which is another great feature that customers have praised in their reviews. All in all, Paybis is a reliable and efficient exchange platform that is sure to meet the needs of any crypto enthusiast.
Easy-to-Use Interface
This platform offers a simple and straightforward user interface. Reviews of the exchange praise its simplicity and functionality, making it a great choice for those who are new to cryptocurrency trading. The platform is designed to be both simple and functional, with only the essential features and buttons. The interface is easy to use and makes buying Bitcoin (or any other cryptocurrency) quick and seamless. Paybis is a great choice for those who want a simple and straightforward cryptocurrency exchange.
Now Supports a Variety of Cryptocurrencies!
Paybis has expanded its list of supported cryptocurrencies, now offering a huge selection of coins and tokens. This includes BTC, DOGE, BNB, USDT (ERC-20 and TRC-20), ETH, LTC, USDC, LINK, YFI, SHIB, AXS, AAVE, ENJ, BAT, PER, SXP, CRV, NMR, HOT, SAND, KNC, MKR, COMP, WBTC, DAI, SUSHI, CHZ, UNI, XRP, BCH, XLM, and TRX. This is a much larger and more varied selection than before, allowing crypto enthusiasts to find what they’re looking for. With this expansion, Paybis is now one of the most comprehensive crypto exchanges available, offering a wide range of coins and tokens for customers to choose from.
Key Disadvantages of Paybis
Based on user Paybis reviews, let’s take a look at some of the less-than-ideal aspects of the exchange to get a better understanding of the platform.
Some US Investors are Not Eligible
Paybis is a UK-based cryptocurrency exchange, but unfortunately, US-based customers in the states of New York (NY) and Hawaii (HI) are not able to utilize the features of the exchange. Additionally, some restrictions apply to Texas-based residents. This limits the number of people who are able to use the platform drastically, as the exchange isn’t available in some other countries as well. Paybis is a great platform for those who are able to use it, but the restrictions on US-based customers are a major setback.
Fiat Payment Fees are Expensive
Paybis is a reliable crypto exchange platform, but it does come with a few drawbacks – namely, the fees. Purchasing cryptos with a credit or debit card will incur a minimum fee of $10, up to a transaction of $225, and a 4.5% fee for anything above that. Bank transfers start from 3.99%, and Skrill from 2.95%. Exchange fees range from 1% to 8.95%, and there are also “service fees”. All in all, Paybis is one of the more expensive exchanges on the market, but the additional features and reliability of the platform make it worth the fees for many crypto enthusiasts.
How to Register on Paybis?
Starting at the beginning, let’s sign up for the platform.
- Step 1: Go to the official Paybis website and click Sign Up.
- Step 2: On the next screen, you’ll be prompted to enter your email address and create a password.
- Step 3: You will then be redirected to the platform’s exchange section, where you can begin purchasing your desired cryptocurrency.
Talk about a smooth registration process, huh? That was lightning fast! Naturally, you should expect requests to confirm your email and pass KYC verification processes in due course, but the initial registration takes no more than 30 seconds!
How to Purchase Cryptocurrency on Paybis?
After you’ve registered on the site, the next step is to begin trading and purchasing your desired crypto assets. We’ll proceed from there because Paybis redirects you to the exchange section of their website upon registration.
- Step 1: Choose your desired payment method and fiat currency, then enter the amount you’d like to spend to begin your cryptocurrency exchange transaction.
- Step 2: Now, repeat the process in the “You receive” section as well. Here, you must select the cryptocurrency that you wish to purchase.
- Step 3: After clicking Buy Bitcoin, you will be directed to a separate page where you will be required to complete some KYC verification processes. These procedures entail providing Paybis with proof of identity, a selfie, and your residential address.
After that, you will be able to complete your transaction!
Conclusion
Paybis is a cryptocurrency exchange that is suitable for beginners in the field of cryptocurrency trading. It is not a scam and offers a simple and straightforward platform for users to buy and sell cryptos. However, advanced traders should take note of the high fees, lack of crypto trading options, and the fact that the site might be too simple. If Paybis is not suitable for your needs, there are other cryptocurrency exchanges available that may be better suited for your specific crypto trading wants and needs.
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
