Updated: 28 february 2023
12 minutes

What is Paybis?

paybis crypto review

Paybis is a cryptocurrency exchange platform. Based in the UK, managed and operated by Paybis LTD, it was launched in 2014. On this platform, the offering is quite varied for buying and reselling digital assets. There are, for example, cryptos such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, and many other altcoins.

One of the things that most users like about Paybis is the interface. Simple to use, quick to master, it makes navigating the platform a breeze, whether you’re a beginner or an experienced trader.

What’s more, Paybis supports several payment methods, including credit and debit cards, bank transfers and popular payment systems such as Skrill, Neteller and AdvCash, which, while less widely used, have the merit of being available and accessible.

Perceived as reliable and secure, Paybis enjoys an excellent reputation among traders! In fact, the platform uses a whole range of security measures to ensure the proper storage of data and protection of user funds. For example, it is fully compliant with AML/KYC regulations.

Growing rapidly, Paybis was founded to meet a very specific need: the need for a simple, user-friendly exchange platform. Since then, more and more users have given in to the temptation.

Paybis

  • Easy registration
  • Over 40 fiat currencies accepted
  • Efficient customer support

What cryptos can I buy on Paybis?

Paybis offers users a wide variety of cryptocurrencies and digital assets to trade. Naturally, there are a few timeless stocks, such as Bitcoin or Cardano, as well as other altcoins. Here’s a (non-exhaustive) list of crypto-currencies found on Paybis:

In addition to the stocks on this list, Paybis offers other altcoins such as Dash, Zcash and Dogecoin, to name but a few. The offer is quite comprehensive and is often updated with the arrival of new digital assets, so you have the most comprehensive and interesting choice possible.

Cryptos are quoted in BTC, ETH or USDT. Naturally, don’t hesitate to do your own research before investing in a particular project. After all, Tokize does not offer investment advice. It is essential that you carry out your own analysis, review and research before investing your funds. And only invest what you can afford to lose.

The different services and functions offered by Paybis

The Paybis exchange platform offers its customers a wide range of services. Versatile and comprehensive, this platform certainly enables the purchase and resale of digital assets… But it goes much further than that. Here are some of the main features and services that users can expect to find on the platform:

Buying and selling crypto-currencies

This is its initial role. In fact, Paybis allows you to buy and resell cryptocurrency. You can deposit your funds in USD, EUR or GBP and start investing. You can also transfer your cryptocurrencies directly to your internal wallet before you start trading!

Low latency

Paybis has one mission: to provide you with the best possible trading experience. As a result, latencies are considerably reduced, for premium trading at the rate you want! A great feature, especially if you want to trade quickly or move your funds between specific assets.

P2P exchange

Paybis offers a peer-to-peer (P2P) exchange service. This P2P service enables one user to exchange cryptocurrency, or funds, with another. It’s a very interesting and, above all, very powerful option, especially for individuals who want to bet on confidentiality and control over their exchanges. Find out how to buy cryptocurrencies anonymously.

Paybis cryptocurrency wallets

Like all the best crypto platforms, Paybis offers a dedicated wallet, which allows you to integrate your digital assets. You can then easily store and withdraw them as you see fit, including to an external wallet, which you’ll have full management of (be careful not to lose your key).

Paybis affiliate program

Paybis has an affiliate program that allows users to earn commissions by referring new customers to the platform. Affiliates can earn up to 45% of the exchange’s net profit, making it a potentially lucrative option for those with a large online audience or social network community. Earnings are paid directly into your wallet in BTC, averaging up to $800 per month.

Customer service

To satisfy its customers and meet their needs, Paybis can count on an exceptional customer service team. Available 24 hours a day, 7 days a week, this support team accompanies, advises and attempts to resolve the slightest problem encountered by users, be it account configuration or more complex questions.

All in all, Paybis is a comprehensive platform offering a wide range of services to its users. Whether you’re just starting out or are already familiar with the world of trading, you’ll find these numerous options an interesting alternative to other big platforms like Binance.

Paybis

  • Easy registration
  • Over 40 fiat currencies accepted
  • Efficient customer support

Fees charged on the Paybis platform

The fees and commissions charged by Paybis may vary depending on a number of factors, including the payment method used, the type of transaction carried out and the currency exchanged. However, here is a general overview of the fees charged by Paybis:

  • Paybis deposit fees: Paybis does not charge deposit fees for most payment methods. However, some methods, such as card payments, may cost you money, but you’ll have to look at the service provider rather than the exchange platform.
  • Transaction fees: Until a few months ago, Paybis charged a 2.99% commission on each transaction. The purchase limit was also set at 200,000 USD per person. After a few modifications and optimizations, Paybis has confirmed that its transaction fee is now 0.99% and that the purchase limit has been revised upwards to 1,000,000 USD.
  • Withdrawal fees: Like many exchange platforms, Paybis charges withdrawal fees to external wallets. The amount varies according to the cryptocurrency involved. As an example, the current withdrawal fee for withdrawing bitcoins from Paybis is 0.0004 BTC, or **.

Overall, the fees charged by the platform are acceptable. They are neither excessive, nor really very low, as can be the case with Binance. Finally, bear in mind that the platform also earns its fees from the buying and reselling operations you carry out.

Don’t hesitate to take the time to find out as much as you can about these same fees and commissions before making any transactions on the platform. This will considerably reduce the risk of unpleasant surprises.

The Paybis app

paybis crypto app

Paybis is a platform that offers a wide range of features and services. Naturally, its website is its core business. But did you know that you can also download an application developed by the Paybis teams to buy Bitcoin and other cryptos directly from your own phone? An application designed to be user-friendly and intuitive, enabling users to invest at any time.

The main advantage of the Paybis app is that it offers additional guarantees in terms of security. For example, users can activate two-factor authentication (2FA) on the app, which means they have an extra identification step to log in to their wallet. Depending on your smartphone, you can also activate fingerprint scanning or facial recognition.

A second benefit that’s always appreciated by users is the fact that Paybis provides push notifications for the most important events or news you don’t want to miss! Transactions carried out, prices raised or lowered, withdrawals made or pending… It’s simple, with an application, you won’t miss a thing about your account’s activity.

Finally, we can say that the app offered by the Paybis teams is a great opportunity for you and all the users to manage the operations and transactions from fiat currency to cryptocurrency. You can buy, sell and track all your transactions in just a few steps, from the comfort of your smartphone. An experience available on both Android and Apple, since the app has been developed for absolutely everyone. This guarantees the inclusion and, above all, the democratization of cryptocurrency trading.

Which account can I open with Paybis?

Interested in using Paybis? The platform offers users different types of user account, which evolve according to the level of verification carried out by the same person.

The three different account levels are as follows:

  • The standard, unverified account: This is the default account level when a user first registers with Paybis. With an unverified account, users can make limited cryptocurrency purchases using a credit or debit card.
  • Verified account: want to take advantage of the platform’s services and increase your purchase limits? Follow the KYC verification process and upgrade your account. Verified users can purchase up to $50,000 worth of cryptocurrencies per day, and can also access other payment methods such as bank transfers and Skrill. To verify their account, users will need to provide personal information and proof of identity, such as a passport or driver’s license.
  • The business account: are you the head of a company, or do you want to diversify your company’s assets? Paybis offers a specially dedicated pro account. Please note that you will need to provide additional documents, such as a K-Bis extract (proof of the company’s existence), as well as identification for the company’s directors or owners. Corporate accounts also provide access to additional payment methods, such as wire transfers and ACH transfers.

Whether it’s an unverified, verified or professional account, the Paybis teams are highly responsive and won’t take long to validate your opening, giving you permission to make your first deposit and begin your new trading adventure. Don’t hesitate to contact the customer service if you encounter any problems, and then let us guide you!

Is Paybis safe?

Paybis is a secure platform that takes measures to ensure the protection of user data and transactions. Firstly, you need to pass KYC (Know Your Customer) before you can trade. This helps combat fraud and ensures the veracity of your identity.

In addition, Paybis is a digital asset exchange platform that uses advanced security protocols to encrypt user data and prevent unauthorized access. Last but not least, the teams have implemented two-factor authentication (2FA) and other identification measures, helping to strengthen the fight against pishing attempts.

Platform security measures

Paybis has implemented a number of security measures to protect user data and transactions on its platform. Here are some of the most important and effective measures to protect you:

Two-factor authentication (2FA)

To provide an extra layer of security, Paybis offers users the option of activating two-factor authentication (2FA). While this adds a little time and an extra step to the login process, 2FA is a powerful and effective tool. You can use codes received by SMS or Google Authentificator.

SSL encryption

To ensure the security of all data and transactions, Paybis uses SSL encryption. This prevents unauthorized access to sensitive information, such as user account identifiers and payment details.

Account monitoring

Paybis has set up a tool to analyze all accounts and transactions in real time, to ensure that nothing suspicious is currently taking place on the platform (strange transaction patterns, unauthorized connections, etc.).

In the event that suspicious activity is detected, Paybis reserves the right to take additional measures to verify the identity of the account owner. This may include closing the account and banning the user.

Compliance with regulations

Paybis is a recognized, regulatory-compliant platform, particularly in the United States and the United Kingdom, which are launching crypto regulation plans. The aim is to remain compliant with international legislation and offer users the opportunity to trade on a secure, certified and proven platform.

Customer care

Paybis offers customer support through a variety of channels, including email, live chat and telephone support. This enables users to report any suspicious activity or problems with their accounts, and receive help from trained support staff.

Regulations and licenses for this exchange platform

In terms of licensing, Paybis is a licensed and regulated cryptocurrency exchange platform. The company is registered with the Financial Crimes Enforcement Network (FinCEN) in the USA and is also authorized by the Financial Conduct Authority (FCA) in the UK.

These licenses, which have become essential since they are a true guarantee of quality, demonstrate to the general public that Paybis is a trading platform that operates in full compliance with local laws and regulations. A platform that offers users genuine confidence in the services it provides.

Naturally, it’s our duty to point out that, while Paybis takes great measures to protect user data and transactions, no platform can offer 100% security against all possible threats.

Users themselves must take steps to protect their accounts and data, by using strong passwords and activating the 2FA function whenever possible. In addition, it’s important never to share any information about your assets or passwords with anyone. Keep all data totally private!

How can I buy cryptos on Paybis?

what is paybis

Thinking of buying and selling cryptocurrency on Paybis? We have great news… It is very simple! Here’s how to start, in just a few steps.

Open and secure your account

Opening a secure account with Paybis is easy. The first thing to do is go to the official website, then click on “Sign up”. The login button is at the top right of your screen.

Fill in the registration form with your e-mail address and a secure password. You’ll also need to accept the terms of service and confirm that you’re at least 18 years old.

buy paybis

Once you have completed the registration form, click on the “Create an account” button to submit your information. Paybis will send you a confirmation e-mail. This is a standard procedure to verify your e-mail address. Just follow the instructions in the e-mail and click on the link.

Once your e-mail address has been verified, log in to your Paybis account and access your account settings. Here you can take steps to further secure your account, including activating two-factor authentication (2FA) and setting a strong, unique password.

To activate two-factor authentication, access your account settings and select “Security”. Then follow the instructions to set up two-factor authentication using a mobile application or Google Authentificator.

Buy cryptocurrency

Once your account has been created, you can make your deposit and start investing. From your Paybis back office, click on “Buy Crypto”. Select the token you wish to invest in and get started.

Purchases can be made by credit/debit card, bank transfer or e-wallet. You’ll need to enter the amount you’d like to spend, which will be automatically changed according to the token you’d like to obtain. The proposed amount you will purchase is the net amount. This means that transaction fees have been deducted.

To confirm your purchase, click on “Buy” or “Confirm”. Paybis will then start the process of confirming and transferring your new cryptocurrency to your wallet. Take a look to make sure the funds have been received. Congratulations, you’ve successfully purchased cryptocurrencies on Paybis! Ths is a simple process, which you should repeat every time you wish to strengthen your positions.

What user profile is the platform best suited to?

Paybis is a cryptocurrency trading platform that has been carefully designed to be user-friendly and easy to learn, whether you’re a beginner or an experienced trader. Simple, ergonomic and fast, it lets you navigate from one page to the next with ease, making the process of buying and investing in crypto-assets, rather pleasant.

For beginners

For novice traders, Paybis offers a really simple experience of buying and reselling digital assets. You can pay in a variety of ways and enjoy a whole new experience. It really is a tool that’s quick to pick up and quick to master.

For intermediate and experienced traders

Paybis is a cryptocurrency trading platform designed for intermediate and even experienced traders. Indeed, the platform offers a range of advanced trading features and tools, such as:

  • limit orders ;
  • price alerts;
  • real-time market data.

In addition, Paybis supports a large number of cryptocurrency benchmarks, making it a useful platform for traders who want to diversify their portfolios and position themselves on several different projects.

In terms of user profiles, Paybis can be of interest to:

  • People new to the crypto world: the world of cryptocurrency is constantly evolving. In constant motion. Attracting more and more people. Paybis is a platform that gives you a first glimpse into this world. A simple, easy-to-use platform for buying and selling digital assets.
  • Active and experienced traders: Are you a seasoned trader looking for a quick and easy way to position yourself on new assets? Paybis is a reliable and secure platform, offering a variety of payment methods and low fees.
  • Long-term traders (Hodlers): would you like to invest in cryptocurrency, but aren’t the type to trade too much? You want to hold on to your assets for the medium to long term. Find out how Paybis, with its asset wallets and offering, can enable you to hold on to your assets, for as long as you like.Professionals: Paybis is also aimed at businesses and merchants who want to accept cryptocurrency payments or use digital currencies for cross-border transactions.

Now, it’s clear that Paybis is targeting anyone who wants to buy, sell or trade cryptocurrencies in a secure, user-friendly environment, regardless of their level of experience or background in the crypto sector.

Customer service quality

Paybis customer service is simply excellent! In fact, the company seems to take undisguised pride in promoting it. The teams are highly responsive and can be contacted directly via live chat, email or telephone. What’s more, you’ll find a comprehensive FAQ to guide you.

Live Chat is a real added value. As a user, you can access technical support with a single click, directly in the bottom right-hand corner of your window. After the chatbot has done its dispatch work, someone will come and answer you.

You can also take the time to contact us by e-mail or telephone. The support team generally responds to e-mails within 24 hours, and users can expect a detailed answer. In many cases, you won’t even have to resend an email, as all the answers will be in the first one you receive (as long as you present your problem properly in the first place).

Finally, the FAQ (or knowledge bank) is really super comprehensive. Blog articles, guides, questions and answers, you’ll have access to countless resources that could help you find a solution to your problem, all by yourself, without having to burden Paybis customer service.

Paybis

  • Easy registration
  • Over 40 fiat currencies accepted
  • Efficient customer support

Our final opinion on Paybis

Finally, Paybis is a good cryptocurrency exchange and trading platform, offering a large number of digital assets for purchase (and resale). What’s more, this is made possible by the fact that the platform supports a variety of payment methods and offers competitive fees. For all these reasons, Paybis is gradually establishing itself as a popular choice for beginners and experienced traders alike.

From a security point of view, we appreciate the many features on offer and the efforts made by Paybis LTD to comply with US and UK requirements. A platform that also treats its users in the best possible way, transparently managing all their data.

What we like

Quick and easy registration process.

Accepts different types of transactions for fiat-to-crypto trading.

Support for over 40 different fiat currencies.

Most major cryptocurrencies are supported.

Transparent charging system.

What we don't like

Limited currency selection compared to other exchange platforms.

No support for crypto-to-crypto trading.

Users can only sell Bitcoin.

No integrated wallet.

FAQ - Frequently asked questions about Paybis

How does Paybis work?

Paybis is an exchange that allows you to buy cryptos using several payment methods: card, bank transfer, Skrill, etc.

Can I use Paybis in the UK?

Yes, the Paybis exchange is available in the UK.

Can I use Paybis in the U.S.?

Yes, the Paybis exchange is available in the US.

Where and how to buy Bitcoins

The Paybis application is easy to use: simply open an account and buy Bitcoins by card.

Is cryptocurrency legal in the UK?

Cryptocurrency is legal in the UK, but it is not legal tender.

Is cryptocurrency legal in the U.S.?

In the U.S., the IRS considers bitcoin and other cryptocurrencies property, issuing appropriate tax treatment guidelines for taxpayers. Government and regulator views on cryptocurrency continue to change globally.

About the author

Lucia Schettino

Word enthusiast, writer, and travel lover, Lucia has more than 8 years of experience in cryptocurrency writing in Italian, Spanish, English and Portuguese.