Paybis, You may heard about this exchange but can you trust on this platform?
Is Paybis approved by the government? You may have many questions, let’s dig into the Paybis review.
One of the cryptocurrency exchange platforms from the United Kingdom is Paybis. Founded in 2014, Paybis works as a trustworthy and responsive market for the crypto trade. Available in around 180 countries, it supports a varied range of cryptocurrencies, including names such as Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), and many more.
Regarding its user interface or user experience, Paybis offers a visually appealing platform that is easy to navigate and is created, keeping in mind the needs of its audience. To start with crypto trading, you have to create an account, which doesn’t take more than 10-15 minutes. Moreover, their customer support is 24/7, on the ready, to help you out if you run into any problems or glitches.
Tools & Services Provided by Paybis
Paybis offers multiple services and tools to its customers as a cryptocurrency exchange platform.
Tools: Paybis provides the following two tools
- Crypto Calculator – This tool helps the price of bitcoin and & other cryptocurrency in terms of fiat money for customer understanding. You can simply open the calculator, check the conversion and buy it straightaway.
- Price Trend – This helps to check the latest ups and downs in the cryptocurrency market. You can check the prices of the particular currency. Like, how much it has changed in the past 24 hours and its trend throughout the week.
Services: Paybis gives the services that are important for both online investors as well as businesses. It broadly categorizes these services into the following.
- Private Exchange Service – Using this service, individuals can convert fiat currencies to any e-currency.
- Business Liquidity Service – Paybis provides liquidity services for banks, gaming companies, trading platforms, fintech, affiliate programs, e-money companies, and payment processors.
Defining Features of Paybis:
Paybis has multiple essential features. These are:
Exchange: Paybis provides an easy-to-use exchange feature to its customers. They can easily put their purchase details (which currency they want, how much money they are spending, and a payment method), click on buy, and Paybis will add the cryptocurrency to your specified wallet.
Tracking Options: Paybis provides you with User History and Platform Transactions. User History provides you with your transaction status, which you can filter by using Money Service. Platform History provides you with a detailed description of all the transactions on the Paybis network in the last 24 hours.
Buy/Sell Options: Paybis allows its users to buy and sell bitcoin in exchange for fiat currency.
Earning Option: Paybis users can earn money through their Referrals & Affiliates program. If you join this program, you can make a 20% profit on each successful transaction, increasing to 30% if you bring in new customers every month.
Time Taken to Receive the Crypto
How much time it takes to receive your crypto varies primarily based on your payment method.
Using Credit/Debit Card: If you’ve made the payment using your credit or debit card, you’ll receive your crypto in a minute you complete the transaction process. So, if you take 5 minutes to complete the verification process and the transaction takes 10 minutes to complete, you’ll receive your cryptocurrency within 15 minutes, regardless of your geographical location.
Using Bank Transfer: However, if you’ve made the payment through bank transfer, the first thing to keep in mind is that Paybis accepts bank transfers in USD or EUR currencies. USD deposits require the wire transfer, whereas the EUR transfers require the SEPA payment. Before verifying the transaction, SEPA transfers take up to 1-5 business days, and you shall receive your crypto within six days of your transaction.
Benefits & Pros of Paybis:
There are multiple considerable benefits to using Paybis for buying crypto. These benefits are:
Supports Card Purchases: Paybis endorses using cards for payments so much that it even provides a trading fee concession to users the first time they make the payment with their credit card. Even though debit cards are common in the crypto market, credit cards aren’t allowed on popular platforms.
Wide Variety of Crypto & National Currencies: Paybis offers the most popular cryptocurrencies, namely, Bitcoin (BTC), Dogecoin, Ethereum (ETH), Binance Coin (BEP2 and BEP20), Tether (TRC20 and ERC20), Litecoin (LTC), Ripple’s XRP, Bitcoin Cash (BCH), Stellar (XLM), and TRON (TRX). As for National Currencies, 47 fiat currencies and is available in over 180 countries.
Solid Privacy & Security: Paybis is registered under the Financial Conduct Authority, U.K., and the Financial Crimes Enforcement Network, the U.S. As a part of these authorities, Paybis strictly enforces Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Furthermore, Paybis is a non-custodial exchange platform, and so it doesn’t hold onto your crypto and offers you 24/7 customer support.
Friendly User-Interface: Paybis has a friendly and easy-to-navigate interface. It’s only available for the desktop. However, any person with meager experience of surfing the internet can navigate through the platform without any hassles. The availability of a knowledge page, different options for different things, and constantly online customer support help provide users with the best exchange experience.
Steady & Responsive Customer Support: Paybis provides a constant live chat to its users. They can drop in queries or any problems they might be facing in the chatbox and receive an instant reply from the Paybis team. This responsive, live chat attracts users and builds reliability.
Fast Payouts: Paybis provides consistent and timely payouts to its users. With this, you won’t have to wait for days to take out your money.
Cons of Paybis
Just like everything else, Paybis has some drawbacks as well. These are:
Limited Cryptocurrencies: Paybis only supports ten cryptocurrencies (mentioned previously). Even though these are the most popular and trending currencies, it’s still a low number compared to other exchange platforms.
High Payment Fees: Paybis charges a minimum fee of $10 for transactions up to $225, and above that, it charges a fee of 4.5%.
Unavailable to some U.S. Investors & Other Countries: Since Paybis is a UK-based exchange platform, it doesn’t necessarily function in all the countries. Specifically in the U.S., it doesn’t work in New York or Hawaii, among other states.
How To Get started with Paybis?
If you’re just getting started with Paybis and are not sure of what to do and how to do it, you can follow this guide:
Register yourself on Paybis: Firstly, you need to register yourself by creating an account. For this, you simply have to click on the sign-up button, enter your email id, create a secure password, and you’ll have a Paybis account.
Purchasing Cryptocurrency: To start with the purchase, you’ll first have to choose your currency and the amount you want to spend to buy bitcoin. It’s better to use credit cards for purchases and, Paybis doesn’t cost their trading fee the first time you buy a bitcoin with your credit card. Next, before you receive the bitcoin, you’ll have to undergo the KYC verification process and enter your crypto wallet address. Upon completion, Paybis transfers your bitcoin to your wallet.
Paybis Fees: Based on the payment methods Paybis offers a transparent and hassle-free fee structure for its regular users. Once you enter the amount of fiat money, Paybis will show you the equal amount of crypto that you’ll get and the fee analysis. Usually, second transaction onwards, Paybis charges 2.49% trading fees on each transaction. The other expenses that Paybis charges are selling, network, deposit/withdrawal, and exchange fees.
Conclusion On Paybis Review
Paybis is the best platform for newbies who don’t understand the crypto world or users who want to complete their transactions without any hassle or trouble.
When you compare the numerous benefits of Paybis against a few cons, you can easily say that Paybis is the best choice for crypto exchange out there.
Frequently Asked Questions
Is Paybis legit?
Yes, a 100% legit. With its solid privacy and safety regulations, strict enforcement of KYC and AML regulations, and non-custodial status, Paybis is the most legit platform for crypto exchange out there.
How much are Paybis charges?
Paybis charges a minimum of $10 as the processing fee for all transactions and a 2.49% trading fee. This trading fee is waived for your first card transaction but is levied each time after.
Is Paybis safe to buy Bitcoin?
Yes, Paybis is the safest to buy Bitcoin. It is registered under the FCA & the FinCEN to provide its users the safest platform for buying bitcoin or any other cryptocurrency.