Paybis is a UK-based trading platform that helps users exchange crypto and digital currencies. This short review will cover its most important features as well as the main pros and cons of using Paybis.
Paybis is an online exchange service that allows users to buy and sell cryptocurrencies and digital assets through a wide variety of payment methods.
Founded in 2014 by Innokenty Isers, Konstantin Vasilenko and Arturs Markevics, the platform’s goal wasn’t to become the largest crypto exchange in UK. Instead, their aim was to provide the most trustworthy and responsive exchange service on the market.
They achieved this by offering a user-friendly interface, transparent fees, global coverage and 24/7 live support. Let’s go into more detail about these features.
Paybis’ interface has been recently overhauled and provides an even better user experience than before.
The landing page allows you to choose your payment method and receiving currency right away. The layout is clean and intuitive, which makes it an excellent starting point for beginners that want to make their first crypto purchase.
Speaking of their service, the platform offers some of the most popular cryptocurrencies for sale in addition to Bitcoin: Ethereum, Litecoin, Bitcoin Cash, Ripple, Binance Coin, Neo, Tron, and Stellar. You can buy bitcoin with credit card or bank transfer alongside other cryptocurrencies.
But even more interesting, is that you can use digital payment processors like Skrill, Payeer, Neteller, and AdvCash to buy cryptocurrencies. You can also exchange funds between those e-wallets, which is an uncommon and welcome feature on such a platform.
Finally, Paybis supports countries from all over the world, providing services to more than 180 countries. You can consult the restricted regions on the ToS page.
The fees on Paybis are completely transparent. There are no hidden surprises here, as you will be notified in real-time of the commission you will be paying for your transaction.
Furthermore, the first transaction (when using a credit or debit card) is free of charge. That is ZERO fees. This just shows how confident Paybis is in the service they provide to their users.
When limits are considered, you will have a hard time finding an exchange offering better options. When it comes to Bitcoin, for example, you can purchase up to $20.000 daily, which is a lot more than what the competition is offering.
Paybis is registered in the UK and adheres to anti-money laundering and know-your-customer laws. Its compliance to governmental laws and regulations makes the service more transparent and trustworthy.
But there is more. Unlike some popular exchanges, Paybis doesn’t store your crypto on a custodial wallet. This eliminates the risk of a hacking incident where your funds could be stolen from the exchange. Just make sure you have one created for the crypto you are purchasing as they will ask you for your address mid-transaction.
The KYC process is very fast and only needed only the first time you make a particular transaction. The verification takes about 5 minutes and shouldn’t pose any problems to beginners.
However, in case of any issues, there’s 24/7 customer support that can be reached via live chat or email. The reviews on Trustpilot often praise Paybis’ customer service responsiveness and helpfulness.
What we can conclude about Paybis is that they deliver on their promises. They provide a simple-to-use platform and grant their users safe and hassle-free transactions.
With some of the highest buying limits and the ability to buy and sell crypto with other digital currencies, it’s certainly an exchange you should give a try.
- Some of the biggest purchasing limits
- Modern and user-friendly interface
- Payment options include some popular e-wallets
- Accessible Worldwide
- 24/7 live support
- Bank transfers can take 1-5 days to complete
- Above-average fees
- Some restricted regions due to international trade laws