Founded in 2014 and headquartered in Warsaw, Poland, Paybis is a crypto exchange supporting buying and selling crypto.

Paybis supports more than 180 countries worldwide, with offices in Poland (Warsaw) and Riga (Latvia). Paybis is registered with FinCEN (Financial Crimes Enforcement Network) and the US Treasury Department. The exchange is also registered with FINTRAC of Canada and is fully compliant with AM/KYC laws of the EU, UK, and US.

Paybis supports over 89 cryptocurrencies, including those that are most popular and hold the largest market capitalization.

Additionally, Paybis supports 48 fiat currencies for buying and selling crypto. The list includes, but is not limited to, AUD, CAD, CHF, EUR, MYR, SGD, and USD.

Contents

• Paybis Platform Attributes
• Brokerage Services, Supported Cryptocurrencies and Payment Methods
• The Details
• Paybis Wallets
• The Exchange
• Deposit and Withdrawals
• Key Features of the Paybis Platform
• Privacy and Security
• Customer Support
• FAQ
• Conclusion

Paybis Video Review

Paybis Platform Attributes

Key attributes of the Paybis exchange include:

• AML/KYC compliant in the EU, the UK, and the US.
• Fast-and-easy registration and verification process.
• Fiat currency payments for crypto.
• About 80 fiat payment options, including credit/debit card, AstroPay, Neteller, and Skrill.
• Responsive customer support team.

The Pros and Cons

Pros

• Customer Support: Customer support is easily accessible and contactable 24/7.
• Fiat Currency: Paybis supports 48 fiat currencies.
• Global Reach: Provides services in nine languages to over 180 countries worldwide.
• Partial BTC Ownership: Users can purchase partial BTC for as little as $5.
• Registration: Quick and straightforward registration and verification process.
• Security: High emphasis on security, including cold wallet integration and the use of MPC technology.
• Wallets: Users can purchase crypto on Paybis and transfer the acquired assets to either Paybis or external crypto wallets.

Other Positives

• Affiliate Program: Affiliates can earn from 20% of Paybis commissions from all referral purchases.

Cons

• No demo account. However, a responsive customer support team, support portal, and FAQ section are sufficient to help navigate the exchange.

Brokerage Services, Supported Cryptocurrencies, & Payment Methods

Paybis delivers a crypto platform catering to novice and experienced investors. The platform supports the trading of cryptos. Additionally, the platform caters to crypto traders looking for alternative income streams with the Affiliate Program.

Registration

To sign up for a Paybis account, go to the Paybis homepage and click ‘Sign Up’ (located at the top right-hand side of the home page).

• Enter your email address and click ‘Continue’.
• Go to your email inbox, retrieve the verification code, and enter the code.
• Select your country code and enter your phone number. Agree to the terms of service and privacy policy and click Continue.
• Enter the verification code sent to your mobile device.
• Paybis will now prompt you to complete the verification process.

Verification Process

• Click ‘Start verification’.
• Enter your personal information, including country, the first line of your address, city, and postcode, then click ‘Next’.
• Select your proof of identity country, choose your ID type, upload images of your ID, and click ‘Next’.
• Review the instructions for taking a selfie photo and click ‘Get Started’.

Paybis will then verify your details. After completing the verification process, users can make a deposit and begin using the Paybis platform.

Post Registration Deposit

After signing up and completing the verification process, you can purchase or deposit crypto and begin using the Paybis exchange. To acquire crypto, go to the exchange main page,

• Select the amount you wish to spend, the fiat currency, and the payment method.
• Select the crypto you wish to purchase, for example, Tether.
• Click ‘Buy Tether’.

To deposit the USDT to your Paybis Wallet, select Paybis Wallet and click ‘Continue’.

• Add your credit/debit card details by clicking ‘+ New Card’.
• Enter your card details and click ‘Pay’.
• Review the payment details and complete the purchase, following the Paybis instructions.

Once the acquired USDT reaches your Tether Wallet, you can begin trading. Users can view the transaction status on the Transaction page.

Supported Cryptocurrencies and Trading Product Overview

Paybis supports more than 89 cryptos, including but not limited to Binance coin (BNB), Bitcoin (BTC), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Polygon (MATIC), Shiba Inu (SHIB), Solana (SOL), and XRP (XRP).

However, Paybis supports buying and selling the following crypto: Bitcoin, Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Polygon (MATIC), Solana (SOL), Tether (USDT), and USD Coin (USDC).

The Details

Paybis provides users with a platform to buy and sell crypto. Users can make fiat-crypto purchases and crypto-fiat sales. Paybis supports 48 fiat currencies, including but not limited to EUR, USD, SGD, THB, MYR, JPY, INR, HKD, and ILS.

Users can buy crypto supported by Paybis through the Paybis Exchange page. The user-friendly platform asks users to choose the type of crypto they want to purchase, the currency they’ll use for the transaction, and their preferred payment method.

Payment methods differ based on the fiat currency used for purchase. For transactions in US dollars, options include credit/debit cards, online banking, Skrill, AstroPay, Bank Transfer Ecuador, and Neteller.

The Exchange

Users can buy and sell Paybis-supported crypto using one of 48 different fiat currencies. They can also sell a range of cryptocurrencies including BTC, ETH, USD Coin, USDT, ADA, DOGE, SOL, MATIC, and LTC.

Notably, crypto can be sold from either a Paybis or an external wallet, with proceeds directed to the user’s credit/debit card or through various payment platforms, depending on the chosen receipt currency. For proceeds in US dollars, options include credit/debit card, Skrill, AstroPay, and Neteller. Users in Ecuador and Panama can receive funds via bank transfer.

Charts

Paybis provides users with charts to view price trends and identify entry and exit points. To view a crypto chart:

• Go to the ‘Tools’ dropdown menu and select ‘Crypto Prices’.
• Select the crypto you wish to view by clicking the ‘crypto’.
• Users can also select from a variety of pairings, including both crypto-to-crypto and crypto-to-fiat options.

Time frames available for selection range from hourly to daily, weekly, monthly, quarterly, bi-annually, annually, and tri-annually.

Balances and Transaction History

Paybis enables users to monitor transactions on The Exchange and via Paybis Wallets.

Users can filter transactions in multiple ways, including:

• Date range.
• Status: Canceled; Completed, Payment Error; and Rejected.
• Payment/Payout methods: Credit/Debit Card and Crypto Payment Method.

For exchange transactions, users can see the date, transaction pair (for example, US dollar to USDT), invoice, and status. For more details, simply click on the ‘invoice’.

Additionally, users may view transactions carried out from the Crypto Wallets. Details include data, crypto, status, and amount. Users may filter the view as per the Exchange filter parameters.

Balances are available on the Crypto Wallet page. See the Paybis Wallet section for details.

Fees and Charges

Paybis provides users with a dedicated Fee page, ensuring transparency.

Fees include:

• Service Fee: Paybis fee per transaction. The fee excludes payment processing fees, infrastructure costs, and technological expenditures. Service Fees vary depending on payment method, transaction amount, and currency.
• Network Fee: Miners charge a Network fee for confirming transactions on the blockchain. The Network Fee varies depending on demand for a given crypto at the time of the transaction.

Users may view Service and Network Fees during the purchase or sale of a crypto.

Paybis Wallets

From the Crypto Wallet page, users can deposit, withdraw, buy, and sell crypto through individual wallets. Paybis supports 35 crypto and stablecoin wallets, including but not limited to AAVE, ADA, BCH, BTC, DOGE, ETH, MATIC, SAND, SHIB, SOL, as well as stablecoins like BUSD, USDC, and USDT.

On opening a Paybis account, users can add crypto wallets:

• Go to the ‘Crypto Wallet’ page and click ‘Add Wallet’.
• Scroll down or search for the crypto wallet you wish to add.
• Select the wallet and click ‘Create’.

Additional wallet features:

• Balance: Users can view their total balance in US dollars, as well as individual crypto balances in both crypto and US dollars.
• Price: Each individual crypto wallet displays the current crypto price in US dollars, along with the 24-hour price movement.
• Transactions: The ‘Crypto Wallet’ page provides a list of transactions for each crypto wallet.
• Wallet Address: Users have the option to copy individual wallet addresses without needing to open the wallet.

The Exchange

Users can buy and sell Paybis-supported crypto.

To Sell Crypto

Go to the ‘Sell Crypto’ page.

For demonstrative purposes, we’ll sell USDT in exchange for US dollars, with the proceeds being sent to a credit/debit card.

• Select the crypto you wish to sell from the dropdown menu and enter the amount to sell.
• Select the target fiat currency and the payment method, and click ‘Sell Tether’.

Please note the commission details, including the service fee and network fee.

• Add your card details, including the billing address, and click ‘Continue’.
• Go to your USDT wallet and complete the payment to the provided Paybis wallet address.

On confirmation of the transaction on the blockchain, Paybis will process the transaction automatically.

Funds reach credit/debit cards within three business days (Monday to Friday).

To Buy Crypto

For users looking to purchase crypto:

• Go to the ‘Buy Crypto’ page.

For demonstrative purposes, we’ll purchase USDT using a credit/debit card and paying in US dollars.

• Select the fiat currency and the payment method, enter the amount you want to spend, and click ‘Buy Tether’.
• Select Paybis wallet or external wallet and click ‘Continue’. Users can purchase crypto on Paybis but receive crypto in an external wallet.
• Click ‘+ New Card’, enter your card details, and click ‘Pay’.
• Your crypto wallet will reflect the purchased USDT within 15 minutes.

Paybis waves its fee for the first transaction.

Deposit and Withdrawals

Paybis enables users to deposit and withdraw Paybis-supported crypto.

Crypto Deposits

To deposit crypto:

• Go to the ‘Crypto Wallet’ page.
• Locate the crypto wallet you want to fund, for example, DOGE.
• Click the ‘Deposit’ icon.
• Scan the QR code or copy the DOGE crypto wallet address to your external wallet.
• Complete the wallet-to-wallet transfer.

Crypto Withdrawals

To withdraw crypto:

• Go to the ‘Crypto Wallet’ page.
• Locate the crypto and open the wallet.
• Click the ‘Send’ icon.
• Copy and paste the external wallet address.
• Enter the withdrawal amount in crypto.
• Select the ‘Fee Type’ from the dropdown menu. For faster withdrawals, users can select the ‘High Fee’ option.
• Click ‘Send’.
• Enter the six-digit code sent to your phone via SMS to complete the withdrawal.

Key Features of the Paybis Platform

Trading Features

Exchange: Users can trade crypto with one of 48 supported fiat currencies on the Exchange platform. Transactions can be carried out using either a Paybis or an external crypto wallet.

Tools – Crypto Calculator: Users can acquire supported crypto via the Crypto Calculator page (located via the ‘Tools’ dropdown menu).

Tools – Crypto Prices: Users can buy and sell supported crypto via the ‘Prices’ page (located under the Tools dropdown menu).

Wallet: Users can buy and sell supported crypto via the ‘Crypto Wallet’ page.

Tracking Options

Transactions: Via the ‘Transactions’ page, users can view transaction histories with filter options to narrow search results.

Wallets: The ‘Crypto Wallets’ page provides users with total balance and individual crypto wallet balances. Additionally, users can view wallet transaction histories via the ‘Crypto Wallets’ page.

Earnings Options

Affiliate Program: Paybis users can earn income through the Crypto Affiliate Program. Affiliates can earn 20% of Paybis commissions on all purchases made by referrals.

Communication

Support Portal: The support portal provides users with a platform to search for instructions.

Live Chat: Users can chat live with customer support. Alternatively, users can contact support by sending an email to support@paybis.com.

FAQ: Comprehensive FAQ section.

Others

Crypto Prices: Besides trading crypto, users can monitor individual crypto prices, 24-hour price changes, market cap, and 24-hour trading volume, along with charts. The platform allows users to choose either US dollars or any of the other Paybis-supported fiat currencies for conversions.

Crypto Calculator: Crypto-fiat currency converter.

Privacy and Security

Paybis protection features include:

Bug Bounty Program: Paybis has a Bug Bounty Program with a dedicated email address, security@paybis.com, to cater to security issues.

KYC/AML: Users must complete the verification process to access crypto wallets. Paybis is EU, UK, and US AML and KYC compliant.

2-Factor Log-In: Users must enter a six-digit verification code sent to email/SMS to access their accounts.

Notifications: Users can view account activity and identify any irregular activity in the notifications section.

Private Keys: Paybis doesn’t store complete user private keys.

Wallets: Cold wallet integration, on-chain wallets for secure asset storage, dedicated user crypto wallets, and MPC technology.

Wallet Verification: Users can verify crypto storage on any blockchain.

Customer Support

Users can reach out to customer support via the ‘Live Chat’ icon or the ‘Contacts’ hyperlink. Alternatively, customer support can be contacted 24/7 through email at support@paybis.com.

Social Media

Paybis has a social media presence:

Facebook

LinkedIn

Twitter

YouTube

FAQ

How long does the verification process take?

The verification process is usually conducted within 15 minutes, but in some cases, it can take up to 24 hours.

Can you buy partial Bitcoin?

Yes, you can. If you don’t want to buy a whole Bitcoin, you can purchase a fraction of it. According to Bitcoin’s design, the smallest unit you can own is 0.00000001 BTC, also known as 1 Satoshi. Paybis allows you to buy Bitcoin with as little as $5

How do I secure my account?

Create a random-symbol password and remember it. If you lose it, you can always recover the password via email.

Conclusion

Paybis is a simple-to-use regulated exchange, allowing users to purchase crypto with fiat currency. Supporting more than 80 cryptos and 48 fiat currencies, users have multiple payment methods to buy and sell crypto, making the exchange accessible to novice and seasoned traders.

Transparent fees, a high emphasis on security, and the easy-to-navigate platform make Paybis an attractive option for crypto investors.