Paybis review
- Fiat currencies
- 60
- Supported assets
- 87
Our verdict
Paybis is a global cryptocurrency exchange available in 180+ countries and eight languages.
Paybis is a global cryptocurrency exchange that serves users in over 180 countries. The platform supports buying 85+ crypto assets using 60 fiat currencies.
But you can only sell around 10 popular cryptos. Additionally, if you're from Canada, you can't create a Paybis wallet to store your crypto. Instead, you'll have to set up a self-custodial crypto wallet.
Paybis provides a means of gaining cryptocurrency exposure, especially if you live in an area where crypto trading is tightly regulated. However, frequent traders might want to look elsewhere given the high fees for fiat transactions and limited selling options.
Pros
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Lists 85+ cryptocurrencies
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Many fiat currencies supported
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Six deposit methods (including credit cards)
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24/7 customer support
Cons
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Requires a separate non-custodial wallet
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Unclear fee structure and high fiat transactions fees
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Can only sell around 10 cryptos
Details
Product details
| Product Name | Paybis Cryptocurrency Exchange |
| Fiat Currencies | GBP,TRY,AUD,CAD & 56 more |
| Cryptocurrencies | BTC, ETH, USDC, USDT, BNB, XRP, ADA, DOGE and 80+ more |
| Deposit Methods |
Bank transfer Credit card Debit card Neteller Skrill Apple Pay |
| Trading Fee | $2 USD minimum per transaction |
| Deposit Fees |
Bank transfer: 0.99% Debit / credit card: 2.49% Neteller: 2.95% Skrill: 4.95% Processing fee (additional to other fees): 4.5% - 6.99% |
| Withdrawal Fees |
Bank transfer: 0.99% Debit / credit card: 2.49% Neteller: 2.95% Skrill: 4.95% Processing fee (additional to other fees): 4.5% - 6.99% |
About Paybis — company background
Founded in 2014, Paybis is a global cryptocurrency exchange based in Warsaw, Poland with offices in Glasgow, UK and Riga, Latvia. It offers service in over 180 countries in eight different languages. The exchange was founded in 2014.
You can buy over 85 cryptos and tokens with Paybis. But you can only sell around 10 popular cryptos, including Bitcoin, Ethereum, Tether, Cardano and Solana. In some countries (excluding Canada) and US states, Paybis offers wallets for storing Bitcoin, Binance Coin, Ethereum, Tether, Cardano, Dogecoin and Polkadot.
Listed Paybis crypto exchange assets
Paybis supports over 87 cryptocurrencies, but some notable assets are missing. Namely, Lido Staked Ether, Toncoin and LEO Token, which are in the top 20 cryptos by market cap. In total, 14 of the top 20 cryptos are available on Paybis.
Popular assets on PaybisPaybis fees
Paybis charges a 2.95% fee for neteller deposits, 2.49% fee for debit / credit card deposits and a 0.99% fee for bank transfer deposits.
Deposit & withdrawals fees
| Transaction type | Fee |
|---|---|
Deposit funds |
Bank transfer: 0.99% Debit / credit card: 2.49% Neteller: 2.95% Skrill: 4.95% Processing fee (additional to other fees): 4.5% - 6.99% |
Withdraw funds |
Bank transfer: 0.99% Debit / credit card: 2.49% Neteller: 2.95% Skrill: 4.95% Processing fee (additional to other fees): 4.5% - 6.99% |
Other fees |
No transaction fee on your first transaction. Minimum $2 USD service fee per transaction. |
Paybis deposit methods
- Bank transfer
- Credit card
- Debit card
- Neteller
- Skrill
- Apple Pay
How to sign up on Paybis exchange
Before you can even get started trading on Paybis, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Paybis's commitment to certifications and compliance with regulations and insurers.
- Get started
After selecting the Get Started button, fill in the create account form. - Set up payment
Before you can start trading, you have to add your bank account to your Paybis account. There are several options to choose from, so choose the option most compatible. - Provide identification
Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this. - Start trading
After all that is processed, you're ready to trade on Paybis.
Is Paybis safe?
Paybis is rated 4.2 out of 5 stars on Trustpilot based on more than 21,000 reviews. It's registered with the Financial Crimes Enforcement Network of the US (registration No. 31000224635628) and FINTRAC in Canada (registration No. M22061209). It is not registered with the Financial Conduct Authority in the UK.
The company uses industry-leading practices like TLS encryption to safeguard customers' personal information. There's no option to secure your account with multi-factor authentication, but customers can reset their passwords using email recovery.
Keeping your crypto secure
All centralized exchanges, including Paybis, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Paybis customer support
Paybis customer support is one of the main strengths of the exchange.
The platform offers 24/7 customer support services that range from a FAQ support portal to live chat. If both of these options fail, they're quick to respond to email queries. The Paybis website states that the average response time for online chat messages is roughly 15 seconds.
How to reach Paybis customer support
- Live chat
- Support ticket
Alternatives to Paybis
Finder Score for crypto exchanges
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score the better the exchange - simple.
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