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Paybis Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Paybis logo
4.35
Crypto Head Rating
Visit Paybis

The Bottom Line

Paybis emerges as a cryptocurrency exchange that caters to a diverse user base. From its fastest registration process to the selection of crypto trading options, it provides a solid foundation for those looking to buy or sell digital currencies.

Although it may not offer an extensive range of cryptocurrencies like some of the major coins, its focus on core offerings and user experience makes it a contender in the market.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Supports a wide range of cryptocurrencies
  • User-friendly interface
  • Quick verification process
  • Variety of payment methods accepted
  • Offers a high level of security

Cons

  • Higher fees compared to some other exchanges
  • Limited advanced trading features
  • No native mobile app
  • Customer support can be slow to respond
  • Limited information on the companyu2019s website about the team and company structure

Quick Summary

Headquarters Location Warsaw, Poland
Fiat Currencies Supported USD, AUD, GBP, CAD, EUR + 41 others
Total Supported Cryptocurrencies 88+
Trading Fees 0.10% - 1%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay, Skrill, Neteller, Astropay, WebPay
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Welcome to our review of Paybis, a cryptocurrency exchange that has been gaining traction in the market. In this article, we delve deep into the various aspects that make Paybis stand out, as well as areas where it has room for improvement.

Paybis homepage

Welcome to our in-depth exploration of Paybis, an up-and-coming cryptocurrency exchange that has been carving its own path in the digital currency landscape. This section aims to shed light on the broader context in which Paybis operates, highlighting the exchange’s growth trajectory within an industry marked by rapid evolution and innovation.

As we venture further into the narrative of Paybis, it becomes apparent that the platform’s ascent is reflective of the dynamic nature of the cryptocurrency domain, where adaptability and customer focus are key drivers of success.

About Paybis

Paybis enters the cryptocurrency space with a mission to provide a user-friendly platform for buying and selling a variety of digital currencies. Founded by Konstantin Vasilenko and Arturs Markevics, the exchange has steadily grown, carving a niche for itself by focusing on simplicity and accessibility for users around the globe.

Throughout its history, Paybis has worked to position itself as a reliable entry point for individuals venturing into the world of cryptocurrencies.

Paybis features

Since its inception, Paybis has navigated a path through significant industry milestones, adapting to the ebbs and flows of the cryptocurrency market. The exchange has witnessed firsthand the meteoric rise of digital currencies and their integration into mainstream finance, as well as the regulatory challenges that have come with this surge.

Paybis’ journey is a testament to the tenacity required to thrive in this volatile environment. From the crypto boom of 2017 to the increasing adoption by institutional investors, Paybis has remained attuned to the needs of its clientele, adapting its services to accommodate both the seasoned investor and the crypto novice.

The founders, Konstantin Vasilenko and Arturs Markevics, have steered the platform through these transformative times, ensuring that Paybis remains a pertinent player in the market.

Paybis has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Reddit, TikTok and YouTube.

Paybis has a mobile app on both the Apple App Store and Google Play.

Paybis Supported Cryptocurrencies

Paybis supports trading on over 88 cryptocurrencies on their platform. This exchange currently supports 18 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Chainlink (LINK)
  • TRON (TRX)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Bitcoin Cash (BCH)
  • Toncoin (TON)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Filecoin (FIL)
  • Cosmos (ATOM)
  • Immutable (IMX)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Aptos (APT)
  • Stacks (STX)
  • Optimism (OP)

View all cryptocurrencies Paybis supports

  • AAVE
  • ACH
  • ADA
  • AGIX
  • AMP
  • ANKR
  • APE
  • AUDIO
  • AVAXC
  • AXS
  • BAT
  • BCH
  • BICO
  • BNB
  • BNBSC
  • BNX
  • BTC
  • CAKE
  • CELO
  • CELR
  • CHZ
  • COMP
  • CRV
  • CVX
  • DAI
  • DOGE
  • DOT
  • DYDX
  • ENJ
  • ENS
  • ETH
  • FET
  • FLUX
  • FTM
  • FXS
  • GLM
  • GNO
  • GTC
  • HOT
  • ILV
  • IMX
  • JASMY
  • KNC
  • LDO
  • LINK
  • LPT
  • LTC
  • MASK
  • MATIC-POLYGON
  • MC
  • MKR
  • NEXO
  • NMR
  • OCEAN
  • OMG
  • ONEINCH
  • ONT
  • PERP
  • PLA
  • PUNDIX
  • QNT
  • RNDR
  • RPL
  • SAND
  • SHIB
  • SKL
  • SOL
  • SSV
  • STG
  • STORJ
  • SUSHI
  • SXP
  • SYN
  • T
  • TRX
  • TWT
  • UNI
  • USDC
  • USDT
  • USDT-TRC20
  • WBTC
  • WOO
  • XEC
  • XLM
  • XRP
  • XTZ
  • YFI
  • ZIL

Trading Experience

The trading experience on Paybis is designed with both novice and experienced traders in mind. The platform offers an intuitive exchange screen, user-friendly mobile apps, and a wide array of tools and features that facilitate smooth trading.

Whether it’s a swift card transaction or a bank transfer, users can navigate the process with ease.

Engaging with the Paybis platform, traders of all levels are greeted with a trading experience that is streamlined yet sophisticated. The exchange has fine-tuned its offering to cater to the demands of an increasingly diverse user base, including experienced traders seeking advanced tools for their strategies.

The trading experience on Paybis is marked by a seamless interplay between user accessibility and advanced functionality, providing a conducive environment for the efficient management of digital assets. As the cryptocurrency trading landscape matures, Paybis continues to evolve its platform, ensuring that it remains aligned with the expectations of today’s crypto traders.

Paybis exchange marketing

Paybis Fees

Navigating the fee structure of Paybis reveals a system designed to be transparent and reasonable. While specific numbers are not detailed here, users can expect a fee framework that is aligned with industry standards, encompassing transaction fees, service fees, and payment processing fees.

The exchange aims to maintain a balance between competitiveness and profitability.

Understanding the fee structure of any financial platform is crucial, and Paybis offers a model that reflects a commitment to fair pricing while also ensuring the sustainability of the exchange. The fees are structured to facilitate a variety of transactions, catering to users looking for a quick card purchase as well as those opting for bank transfers, all the while avoiding any hidden costs that could deter users.

The fee framework of Paybis is a delicate balancing act, one that aims to reflect the value provided to its users through reliable and efficient transaction processing.

Type Fee
Deposit Fee (Bank Transfer) €0.10 EUR
Deposit Fee (Credit/Debit Card) 2.49%
Trading Fee 0.10% - 1%
Withdrawal Fee (Bank Transfer) 0%

Paybis supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.000079 BTC compared to the industry average of 0.000075 BTC. So Paybis has a fee that is above the industry average by 5.33%.

Security - Is Paybis Safe?

Security and regulation are paramount in the crypto industry, and Paybis appears to take these matters seriously. The exchange adheres to strict verification processes to combat money laundering and ensure user funds’ safety.

The inclusion of features such as cold storage and email confirmation also signifies their dedication to maintaining a secure environment for crypto transactions.

For Paybis, safeguarding user assets is not just a responsibility but a foundational aspect of their service. The exchange employs a multifaceted security approach, incorporating advanced measures such as two-factor authentication, SSL encryption, and continuous monitoring of operations.

A user’s journey begins with a robust identity verification process, which serves as a deterrent against fraud and reinforces the platform’s commitment to regulatory compliance. By integrating cold storage solutions, Paybis mitigates the risk of unauthorized access to digital assets, offering peace of mind to its users.

The exchange’s security protocols are constantly refined to stay ahead of emerging threats, embodying a proactive stance in the face of an ever-evolving cyber landscape.

Paybis Customer Support

Customer service is a cornerstone of any successful platform, and Paybis seems to understand this well. They offer responsive customer support, with various channels such as email and a robust referral program.

This ensures that users receive the assistance they need, promoting a positive reputation in the cryptocurrency space.

Customer support is the backbone of any service-oriented platform, and Paybis has cultivated a customer service ethos that aims to exceed user expectations. The support team is trained to handle inquiries with efficiency and empathy, ensuring that users’ issues are addressed with the urgency and attention they deserve.

Accessible through various channels, the support services of Paybis are designed to provide timely resolutions and guidance, building trust and fostering loyalty among its user community. This commitment to delivering responsive customer care is a defining characteristic of the platform, bolstering its online reputation as a user-centric exchange.

Paybis support

Paybis Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Paybis

  1. Create Account - Visit the Paybis website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Skrill
  • Neteller
  • Astropay
  • WebPay

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Final Thoughts

Reflecting on Paybis, it’s clear that the platform has much to offer. With its commitment to simplifying the buying process and providing a secure wallet for users, Paybis has positioned itself as an exchange worth considering for those looking to enter the cryptocurrency market.

Paybis FAQs

Yes, Paybis is accessible to users in Australia. It allows Australian residents to engage in transactions involving cryptocurrencies and fiat currencies, providing a platform for buying and selling digital assets.

If you encounter an issue with a transaction on Paybis, you should contact their customer service to request a refund or resolve the problem. The specific outcome will depend on the nature of the issue, the process, and the applicable terms of service.

Paybis does support bank transfers as a payment method for transactions. Users can typically use this method to purchase cryptocurrencies on the platform, but they should verify the availability and process specific to their region.

Paybis requires users to go through an ID verification process to comply with regulatory standards and to enhance the security of the platform. This process is a part of their effort to prevent fraud and money laundering within the industry.

The minimum amount for transactions on Paybis can vary depending on the payment method and the currencies involved. Users should refer to Paybis’s fee structure and terms of service for detailed information on minimum transaction amounts.

Users can withdraw Bitcoin from Paybis to their personal wallet. It’s essential to ensure that the wallet address is correct, as transactions in the Bitcoin network are irreversible.

Paybis may charge a withdrawal fee for processing transactions, which can vary depending on the payment method and the type of currency being withdrawn. Users should review the fee structure on Paybis’s platform for specific details.

The amount of Bitcoin you can buy on Paybis depends on various factors such as transaction limits, verification level, and payment method. Users should consult Paybis’s limits and guidelines to determine the maximum amount of Bitcoin they can purchase.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: