While cryptocurrency has become mainstream, providing a means of livelihood for millions of traders and investors globally, only a few platforms offer streamlined access to the market.Most major exchanges require time-consuming setup or registration and verification processes and high minimum buying or trading amount, which limits accessibility, especially for beginners and undercapitalized traders.If you’re a beginner trader or crypto enthusiast seeking fast access to the crypto market, Paybis presents an excellent choice.
Established in 2014, Paybis has gained recognition for its easy-to-use platform, instant cryptocurrency purchase, simple setup and verification process, responsive customer support and extensive support for digital assets.The platform aims to simplify converting fiat currencies into cryptocurrencies, streamlining market access to diverse investors globally.With Paybis, you can buy Bitcoin and over 80 other cryptocurrencies using your credit /debit card or any preferred payment method.Paybis supports over 60 fiat currencies, including USD, GBP and EUR, from countries around the globe.
Paybis’ straightforward, hassle-free and secure trading approach has earned the trust of over 1.8 million users worldwide, with an annual transaction volume running into hundreds of millions of dollars.
You can buy Bitcoin within moments of landing on the site or setting up your account; it is that simple.
Paybis is regulated by FinTRAC, meaning the platform takes adequate measures to protect your funds.
Paybis is available in over 180 countries and continues to expand in terms of assets, users and jurisdictions.Read on for a comprehensive review of this platform, its services and how it compares to similar platforms.
– Beginner crypto traders or investors looking for a user-friendly platform with an easy setup and verification process
– Crypto enthusiasts seeking access to a broad range of crypto assets, including popular ones like Bitcoin and lesser-known coins and tokens
– Investors or traders with limited budgets looking for a platform that offers a low minimum amount per transaction with lightning-fast crypto payout or transaction settlement
– On-the-go traders seeking a simplified mobile app with easy-to-use features and responsive customer support to facilitate seamless trading or investing regardless of location or time
– Supports over 60 fiat currencies worldwide, including USD, EUR, JPY and GBP
– Supports over 80 cryptocurrencies, including major cryptos like Bitcoin and Ethereum
– Lightning-fast crypto purchase with instant payout
– Round-the-clock and highly responsive customer support
– Low minimum buying amount facilitating accessibility by undercapitalized investors
– Well-regulated by multiple and reputable regulatory bodies including FinTRAC
– Simplified and easy-to-use interface for seamless buying and selling experiences
– Straightforward and fast setup and verification processes
– No hidden fees and multiple payment options
– Available in 180+ countries and accessible in 9 languages
– Simplified mobile app wallet for on-the-go access
– Relatively high transaction fees
– Lacks advanced trading tools and features
– Users can only sell 10 cryptocurrencies
Paybis Ratings at a Glance
Paybis Product Offering
Paybis streamlines market access to diverse traders, enabling them to seamlessly buy or sell Bitcoin and other cryptocurrencies with credit or debit and receive instant crypto payout.
Here’s an overview of these services.
Buy Bitcoin and Other Cryptocurrencies
Paybis provides crypto enthusiasts, experts and beginner traders with a simplified platform to buy cryptocurrencies.These range from highly acclaimed options like Bitcoin and Ethereum to popular
decentralized finance (DeFi) tokens such as Uniswap, Dai and Chainlink.
The crypto lineup boasts a diverse collection of innovative and potentially lucrative options like Nexo (NEXO), Tron (TRX), Polkadot (DOT) and Solana (SOL); meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), in addition to stablecoins like USDT and USDC.
The complete list comprises over 80 cryptocurrencies, including coins, DeFi and ERC20 tokens, with more assets being added regularly.Most of these assets have widespread acceptance and accessibility and are ideal, especially for beginner traders.For instance, Bitcoin’s status as the gold standard in the crypto sphere provides stability and trustworthiness in a volatile market.
The potential for long-term growth and portfolio diversification makes Bitcoin attractive for potentially more financial security than other coins.While there are numerous exchanges where you can buy these cryptocurrencies, Paybis stands out in its user-friendly and instantaneous approach, allowing you to purchase crypto using your credit or debit card easily.
Additionally, Paybis lets you buy cryptocurrency via Skrill, NETELLER and SEPA bank transfer and Apple Pay, Google Pay, AstroPay, and ACH for the US.Paybis’s wide range of different payable fiat currencies is outstanding.
The platform supports over 60 fiat currencies worldwide, including EUR, USD, GBP, AED, AUD, CAD, JPY and HKD.Besides instant payout, Paybis also offers relatively fair and transparent commissions.
Once your account is set up and KYC verified, you can buy your favorite cryptocurrency using your credit or debit card in under five minutes following these five steps.
– Select Credit/Debit Card button on the Paybis homepage and the fiat currency you want to use for payment.
– Enter the amount you’d like to purchase and click “Buy.
– Select the destination wallet for the cryptocurrency and click Continue — the destination wallet can be your Paybis wallet or an external wallet; either way, ensure only you can access the wallet address.
– Enter your card details.Optionally, you can click the “Save my card for future payments” box to link it to your account.
– Your order will be completed once your card has been validated and processed, and the cryptocurrency will appear in your wallet.
Sell Bitcoin and Other Cryptocurrencies
Instantly selling or converting crypto into cash can be essential to seize profit opportunities during price spikes, mitigate losses in a declining market or meet immediate financial needs.It also provides stability and accessibility compared to the often volatile crypto market, making it a prudent strategy for managing crypto investments.Paybis allows you to seamlessly sell your cryptocurrencies via your debit card and receive the proceeds in your bank account.
You can sell up to $20,000 worth of cryptocurrencies per transaction and receive your money directly in your bank account.
The process is fast or instantaneous, although some banks may take longer to process the data.
However, unlike “buying crypto,” Paybis currently supports selling about 10 cryptocurrencies to your credit or debit card.Besides Bitcoin (BTC), these include Ethereum (ETH), USD Coin (USDC), Tether (USDT), Tether (USDT-TRC20), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), Polygon (MATIC-POLYGON) and Litecoin (LTC).
Here’s how to initiate Bitcoin to debit selling transactions and receive the money in your account
– Select Bitcoin on the left side of the Paybis homepage and the Credit/Debit card alongside the fiat currency you want to receive money in
– Enter the amount you want to send or receive and click Sell.
– Enter your debit card number.
– You’ll receive the precise amount of Bitcoin and the corresponding wallet address to initiate the payment from your wallet, transfer your BTC to the address provided
– Paybis will process your transaction upon receiving at least one confirmation in the Blockchain, and your bank account will get funded.
Paybis Crypto Wallet
A crypto or DeFi wallet provides a gateway to accessing your digital assets on the blockchain.It facilitates transactions, transfers and interactions with the blockchain network, acting as a bridge between you and the decentralized world of cryptocurrencies and effective management and utilization of your digital assets.
With your crypto wallet, you can seamlessly participate in DeFi projects, earn interest on your holdings and contribute to blockchain networks by
staking your tokens, potentially generating passive income.DeFi wallets enhance security by granting you control over your private keys, which are crucial for cryptocurrency ownership.
This reduces the risk of hacking or theft commonly associated with centralized exchanges.
Paybis offers you a choice to transact with an external wallet or its proprietary Paybis wallet — a free cross-chain wallet with an easy-to-use interface and state-of-the-art encryption technology, ensuring top-tier security for your digital assets.Paybis wallet excels in all aspects that traders prioritize when selecting the ideal crypto wallet, from top-notch security and convenience to user-friendliness and reasonable fees.
It is easily accessible with just your email and password.If you prefer, you can opt for a passwordless login method, where Paybis will send you a One-Time Password (OTP) whenever you attempt to log in.With Paybis wallet, you can buy, send and store over 35 cryptocurrencies, so you don’t need a separate wallet for each asset.
The quick Buy button makes it easy to top up your crypto assets within the wallet, and you can view the prices of all the cryptocurrencies held in your wallet in real time, displayed in USD.Unlike other custodial wallets, the Paybis wallet stores your assets in a dedicated address, ensuring they remain separate from funds belonging to other users and are not grouped together.
Storing your fund this way enables you to independently verify and track your holdings on any blockchain explorer when necessary.This process enhances transparency, trust and security.Paybis employs the MPC (Multi-Party Computation) model as part of its broader security measures.
In this model, your wallet’s private keys are fragmented and distributed among multiple computation parties, each holding only a portion of the key and none holding the complete key.Therefore, even if one party is compromised, the attacker can’t assemble the whole private key, ensuring your funds stay safe.
Educational and Research Tools
Paybis provides real-time pricing charts for all supported assets and a crypto calculator, allowing you to quickly calculate the value of these assets in your base currency (fiat).The blog content cuts across categories like general discussion, market analysis and trends, educational guides and crypto use cases.You can explore articles in any of these categories to gain a deeper understanding and knowledge of Bitcoin and cryptocurrencies.
Paybis Support portal also provides valuable learning resources, especially regarding the platform’s core offerings.
The content here is neatly organized into categories covering various topics, including getting started, verification, account management, fees, wallet, security and affiliate programs.If you’re seeking information in any of these categories, the support portal is where you need to be.Or you can check the FAQ page for a more straightforward answer to potential questions.While they might serve educational purposes, the FAQ and support portal are extensions of the customer support options.You can check the news portal for company-wide updates on the latest products and features and news.
Paybis offers round-the-clock customers via LiveChat on the website.This is the best option to get immediate assistance from the customer service.Although a chatbot typically handles most of the queries, you can request to be connected to a live agent, and the bot will connect you with one after providing your name and email.
You can email the support team for non-urgent inquiries regarding the services.Paybis also offers multiple email addresses for contacting the company for various purposes, including business offerings, referral programs and bug bounty/security programs, which can be found on its contact page.
However, the support portal and FAQ provide a more comprehensive solution for accessing support and finding answers to your questions without contacting customer service representatives.Furthermore, Paybis maintains an active presence on
YouTube and on Trustpilot.Reviewer comments were overwhelmingly positive, with many praising the company for its hassle-free and user-friendly platform and its responsive support team.
Paybis is regulated by the U.K.’s Financial Conduct Authority (FCA) — one of the most reputable regulatory agencies globally.That means the platform will take all necessary measures to protect your assets and data in line with FCA guidelines.The platform is also registered as a
Money Services Business with FinCen in the U.S.Paybis follows strict Anti-Money Laundering (AML) and Know Your Customer (KYC) for customers’ identity verification to prevent potential identity fraud and illicit activities.
The platform employs advanced encryption and multi-factor authentication, eliminating possible unauthorized access to customers’ accounts and digital assets.
The Paybis wallet leverages state-of-the-art technology — the MPC model — in storing your private key.The platform uses dedicated addresses to store funds, enabling customers to track and verify their holdings in the blockchain independently.Paybis may also conduct investigations into potentially suspicious coin purchases in real time.While this may lead to longer processing times, it ensures the legitimacy of every transaction.
The company’s customer service agents are available 24/7 to help you address any potential issues, including those related to security.
Although Paybis may collect your personally identifiable information during registration and account setup, it is used for improved service delivery and marketing.The company does not sell or share it with third parties unless consent is given or required by law.You can review the Privacy Policies to understand better Paybis’s steps to protect your data.
Paybis offers a low entry threshold, allowing you to purchase cryptocurrency for as little as $5.When buying or selling crypto via Paybis, you’ll come across three primary types of fees:
– Paybis fees or commissions
– Payment processing fees from the payment provider (such as credit card issuers, ACH networks and electronic check providers)
– Network fees charged by miners to confirm transactions on the blockchain network
Both Paybis fees and payment processing fees are collectively referred to as service fees.
Therefore, the total applicable fees (service fees + network fees) are highly influenced by your selected payment method (credit or debit cards, bank transfers, Skrill and NETELLER) and the network fees.Blockchain network fees increase with increasing demand for the specific cryptocurrency.Your base currency may also influence what you pay.Usually, Paybis waives commission for your first transaction.However, payment processing fees and network fees will still apply in this case.
For credit or debit card transactions over $50, the payment processing fee is 4.5% of the intended amount (USD, EUR, GBP and JPY) and up to 6.5% for other currencies.Transactions below this threshold attract flat fees — $2 for transactions ranging from $5 to $20 and $3 for transactions between $20.01 and $50.Skrill and NETELLER have a fee structure that varies based on the currency and the amount spent, with larger amounts incurring smaller fees for payment processing.Payment providers like Giropay, PIX, Webpay, PSE, Astropay, SPEI and others have their unique payment processing fees.
Paybis also accepts bank transfers in EUR (SEPA) and GBP (faster payments) from all customers.
The combined fees (service fees + network fees) can exceed 10% of the transaction amount.After selecting your payment method and entering the cryptocurrency amount you intend to buy, you’ll see fees displayed just below your transaction details.You must also be aware that there are minimum and maximum buying limits per transaction.
It ranges from a minimum of $4 for credit/debit cards, $20 for Skrill/NETELLER and $200 for bank transfer, to a maximum of $20,000 for credit/debit cards, $200,000 for Skrill/NETELLER and $1 million for bank transfer.There’s no promo, but you can become an affiliate and earn 20% of Paybis commission on all purchases your referral makes.
The Paybis Wallet is accessible through the web platform and mobile app, allowing you to choose your preferred way of accessing your wallet.
The mobile app (available on Android and iOS) boasts a similar simplified, easy-to-use and intuitive interface for efficiently managing your wallet as the web platform.Within the app, you can purchase cryptocurrencies, review your transaction history, access basic price charts, contact customer support, complete identity verification, check your profile information and refer friends to the platform.It streamlines on-the-go access, allowing you to seize buying or selling opportunities anytime, anywhere, directly from the home screen.
The app has an impressive rating of 4.7/5 from 143 reviewers on Apple Stores.
Paybis offers a user-friendly platform available on both web and mobile, making it convenient to access your wallet and trade cryptocurrencies.Their interface is intuitive and easy to use, and you can manage your transactions and access helpful features like real-time pricing charts and a crypto calculator.Getting started is easy and hassle-free, involving three simple steps: sign up with your email, verify your government-issued identity documents (typically takes 5 to 10 minutes), deposit funds and buy your cryptocurrency.
This entire process can be completed in under 15 minutes, making it a convenient and efficient way to enter the world of cryptocurrency trading.Paybis follows strict security measures to protect your crypto assets and data.Its efficient and round-the-clock customer support with highly professional support agents is another reason why the platform is trusted and preferred by over 2 million users globally.
Benzinga considers Paybis highly recommendable, especially for beginner traders seeking a fast, secure and efficient platform to enter the crypto market.
Paybis is available in over 180 countries, excluding Abkhazia, Afghanistan, Belarus, Crimea, Cuba, Iran, Iraq, Myanmar, North Korea, Northern Cyprus, Palestine, Russia, Sahrawi Arab Democratic Republic, Somalia, South Ossetia, South Sudan, Sudan, Syria and Yemen.
Paybis vs.Competitors
Paybis has a few competitors, like eToro and Binance, offering similar simple and easy user experiences.eToro allows you to invest in cryptocurrency by buying it with fiat currency, and you can trade or exchange between different cryptocurrencies.Its unique social trading feature lets you copy the trading strategies of experienced investors, and the fees can be lower than Paybis, often around 1%, depending on your chosen payment method.Binance offers the lowest fees (around 0.02% to 0.1%), which is understandable as it is the world’s largest cryptocurrency exchange by trading volumes and has the largest selection of coins and tokens.
Paybis’s core competitive advantages include its lightning-fast crypto settlement or instant payouts, low entry barriers or minimum trade per transaction and simplified setup and verification process.
– securely through Paybis’s websiteBest For:Broad Range of Crypto Assets
– securely through Binance US’s websiteBest For:Altcoin Trading
– securely through eToro’s websiteBest For:Demo Accounts
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd.and eToro UK Ltd.) and USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections and not supervised by the EU regulatory framework.Investments are subject to market risk, including the loss of principal.
Paybis provides a convenient and secure experience for buying, selling and managing cryptocurrencies.The platform has built a longstanding reputation in the crypto industry thanks to its straightforward and effective service throughout its many years of operation.Paybis has continuously expanded its supported currencies, both fiat and cryptocurrencies, while remaining committed to its original goal of being a respected gateway that anyone could use to enter the sector.
Despite its relatively high fees, Paybis has streamlined crypto trading or investing, making it accessible, simple, safe and convenient for investors or traders worldwide.
Frequently Asked Questions
Is Paybis legitimate?
Yes, Paybis is a legitimate cryptocurrency exchange and wallet service with a longstanding reputation in the industry.
Can I use Paybis in the U.S.?
Yes, you use Paybis in the U.S.
Does Paybis require ID verification?
Yes, Paybis requires identity verification.The specific documents may vary for different countries or jurisdictions but include a passport, resident permit, ID card and driver’s license.
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