Paybis positions itself as an easy-to-use crypto platform where anyone can log in and buy crypto with any fiat payment method they have in place. Likewise, it allows people to sell crypto for fiat money. To get the new users into motion, it does not charge anything for the first card transaction on the website. You may also be lucky enough to get a promo code and enjoy a discount on your first transaction. It has a minimal interface and a rather straightforward fee structure. Let us explore this exchange to determine if it is good for crypto trading. Try Paybis now, or continue below to learn more.
Your one-stop-shop experience for purchasing, selling, and swapping cryptocurrencies.
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Background & Overview
Paybis QR code to scan with phone
Paybis is primarily a crypto exchange website where customers can buy different crypto exchanges with fiat cash. It accepts about 40 fiat money currencies around the globe, including USD, GBP, Euros, JPY, and CAD. Users can exchange them with about 30 crypto currencies listed in a drop-down menu.
Signing up on the website is easy and fast, with verification taking about 15 to 30 minutes. There is a customer service team that you can reach out to any time of the day or night. This site supports nine languages and has straightforward fees for different payment methods. We also found that it has an affiliate scheme where members can earn up to 20% in commissions for referring other users to use the exchange services.
Visit Paybis now!›› Not a customer yet? Register with Paybis today, it's quick and simple!Advantages at Paybis
+ The interface is easy to use, even for those new to crypto exchanges + There are multiple payment options, including cards and some e-wallets
+ This crypto platform is registered in the UK and licensed in Canada and the US
+ Users earn up to 20% commissions for any referral transactions on the exchange
+ The crypto exchange is available in over 180 countries and supports nine languages
Disadvantages
- There is no demo account, but users can get help from the responsive customer service team - Paybis does not have a native wallet for easy trading on the website
- There is no support for crypto-to-crypto trading on the Paybis exchange
- It does not serve New York or Hawaii and is restricted in Texas
- Paybis only supports a few dozen crypto assets, yet there are thousands of coins on the market
KYC & Registration
The process of registering for an account with Paybis is simple and straightforward. You just need to enter your email address, your country code, and your phone number. Then agree to the terms of the service and privacy policy. A verification code will be sent to your email address and phone number, which you should enter.
There is also a KYC process where you are prompted to enter your personal information, including your country, city address, and postcode. Then, select the proof of address where you provide a government-issued ID card, and then take a selfie according to the instructions. You will be ready to trade once Paybis verifies your details. This process takes at most 30 minutes but is usually conducted within 15 minutes if the information is provided correctly.
Company Account
Paybis offers an on/off ramp that businesses that offer crypto services can use to enable their customers to exchange crypto with ease. The service comes with full business branding so that customers feel that they are working with their trusted service provider. It allows service providers to integrate it with local payment options that they offer customers through a flexible API.
There are no other corporate account services on this website. Organizations have to sign up using a similar process as individual customers, but first contact customer service for guidance.
Leverage
There is minimal information on the website regarding the movement of prices and other trading data. However, Paybis provides you with the current exchange rates in the market just below the transaction calculator. Use the information to determine the amount to get in the other currency. You may change the cryptocurrency to one that offers better value for your cash.
This website does not support crypto-to-crypto trading. So, it is not ideal for anyone who wishes to trade in cryptocurrencies and earn a profit from them. This is the reason it lacks most of the leverage options offered by popular DEX service providers.
Costs
▪ Rated at 8/10The cost of buying and selling crypto varies according to the fiat methods that you use. You will pay three fees depending on the transaction: a processing fee, a Paybis fee, and network fees. For credit and debit cards, the processing fee differs according to the service provider but is about 35 to 4.5%. Paybis charges a 2.49% fee on transactions on its website.
Likewise, Paybis charges a fee of 2.49% for Skrill and Neteller. The processing fee ranges from 3.55 to 4%. As for bank transfers, you pay a processing fee of about 0.05% to transfer cash to Paybis and a fee of 0.99% to buy crypto currencies.
When selling crypto currencies, the network fee varies widely depending on the cryptocurrency you wish to use. Paybis charges you up to 2.95% of the amount transacted, depending on the cryptocurrency you wish to sell. There are no processing fees in the case of selling.
Deposit Methods
Below you can see a list of the deposit methods available on Paybis. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Paybis accepts deposits from many of the fiat payment providers. You can transact effectively with various credit and debit cards, e-wallets like Neteller and Skrill, and bank transfers. Depending on your location, you may find additional local payment options, such as mobile money services and banks.
The website supports over 40 currencies. You just need to check if your native currency is supported by the payment provider you seek to use.
The presence of some payment methods may be unavailable in some jurisdictions. Just log in and see what options are available to you. If you are in New York or Hawaii, you cannot use any of the payment options on the website. A few methods are available in Texas. Read more about the deposit methods at Paybis here.
Platforms
▪ Rated at 9/10The following platforms are supported by Paybis:
Paybis QR code to scan with phone
Paybis has a minimalist, rather straightforward website. You get the exchange calculator and buy/sell options straight on the homepage. Below the calculator are the values of different crypto tokens that are supported by the website. At the top of the page are links to different tools and pages on the website.
If you buy and sell crypto regularly, you can install the Paybis app for iOS and Android devices. It has all the features you need to buy and sell cryptocurrencies with ease.
Automated Trading and Copy Trading
There are no auto-trade options on Paybis. As we explained earlier, the website deals with the exchange of fiat money to and from cryptocurrencies. The process requires manual input of the information on the calculator and initiating the transaction.
Languages supported
The following languages are supported on Paybis:Arabic, English, French, German, Italian, Korean, Portuguese and Russian and Spanish
Broker Support
▪ Rated at 8/10If you have a problem using any of the features on the Paybis website, you can get quick assistance on the contact page. You can reach out to support and expect a response in a few hours. Our team at Crypto Lists also found an FAQ page that provides quick information on various aspects of transactions and features. Paybis is also available on various social media pages, such as Twitter, YouTube, Instagram, and Facebook.
Other Names for Paybis
Paybis is or has also been known under the following names: PAYBIS LTD, PAYBIS POLAND, PAYBIS USA LTD
FAQ
Where can I register for Paybis?
The best way is to open an account here and if you have any further questions you can get in touch with their support directly.
Does Paybis have any licenses?
Yes, Paybis is registered as a money service business in the UK and has Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and a FinCEN Department of the Treasury, USA, registrations. This means it can operate across the UK, Canada, 48 states in the US, and all countries that recognize these licenses.
Is Paybis safe to use?
Yes, Paybis is safe to use. First, it has met strict legal requirements as set by leading financial regulatory bodies in the UK, USA, and Canada. Second, it has put in place tools to safeguard customer data, such as SSL encryption and an anti-money laundering policy.
How long does it take Paybis to verify your information?
It takes about 30 minutes to verify the documents that you have provided as part of the KYC process. However, the time may extend to up to 24 hours, depending on your location. You have to pass the verification process to use the service.
History of Paybis
May 2014 - Paybis is formed in the UK with the aim of enabling crypto exchanges around the globe. It's currently headquartered in Warsaw, Poland.
January 2016 - Paybis launches an app for mobile devices. This enables users to transact fast and easily at any point around the globe.
April 2020 - Paybis receives a license from the FinCEN Department of the Treasury, USA. This gives it access to 48 states across the country, enabling users in the country to access many of the services.
June 2021 - Paybis starts to offer white-label services to businesses to enable them to offer similar services to their customers cheaply.
Instruments available
▪ Rated at 7/10
Crypto Currencies
1INCH/USDT, AAVE/USDT, ACH/USDT, ADA/USDT, AGIX/USDT, AMP/USDT, ANKR/USDT, APE/USDT, AUDIO/USDT, AUDIUS/USDT, AVAX/USDT, AXS/USDT, BAT/USDT, BCH/USDT, BICO/USDT, BNB/USDT, BNX/USDT, BTC/USDT, CAKE/USDT, CELO/USDT, CELR/USDT, CHZ/USDT, COMP/USDT, CRV/USDT, CVX/USDT, DAI/USDT, DOGE/USDT, DOT/USDT, DYDX/USDT, ENJ/USDT, ENS/USDT, ETH/USDT, FET/USDT, FLUX/USDT, FTM/USDT, FXS/USDT, GLM/USDT, GNO/USDT, GTC/USDT, HOLO/USDT, HOT/USDT, ILV/USDT, IMX/USDT, JASMY/USDT, KNC/USDT, LDO/USDT, LINK/USDT, LPT/USDT, LTC/USDT, MASK/USDT, MATIC/USDT, MC/USDT, MKR/USDT, NEXO/USDT, NMR/USDT, OCEAN/USDT, OMG/USDT, ONT/USDT, PEPE/USDT, PERP/USDT, PLA/USDT, PUNDIX/USDT, QNT/USDT, RNDR/USDT, RPL/USDT, SAND/USDT, SHIB/USDT, SKL/USDT, SOL/USDT, SSV/USDT, STG/USDT, STORJ/USDT, SUSHI/USDT, SWIPE/USDT, SXP/USDT, SYN/USDT, TRON/USDT, TRX/USDT, TWT/USDT, UNI/USDT, USDC/USDT, USDT/USDT, WBTC/USDT, WOO/USDT, WBTC/USDT, XEC/USDT, XLM/USDT, XRP/USDT, XTZ/USDT, YFI/USDT, ZIL/USDT Paybis QR code to scan with phone
Screenshots from Paybis
Paybis Review Published: Wednesday, 26 Jun 2024 8:29 am
Last Updated: Wednesday, 28 Aug 2024 5:56 am
