Paybis is a cryptocurrency and e-wallet exchange that has been around since 2014. It has grown into one of the most reliable and responsive platforms around. But does it still remain one of the best in 2020? Time to find out! This short review will cover everything you need to know about Paybis and its service.
Let’s begin.
Pros
- Wide range of payment options
- Secure (regulations, licenses, non-custodial)
- Great for beginners
- Transparent fees
- Excellent online reputation
Cons
- Limited selection of cryptocurrencies (9)
- Above-average fees for select payment methods
- Some regional restrictions
What is Paybis?
Paybis is a digital and cryptocurrency exchange platform. It was originally created by Innokenty Isers, Konstantin Vasilenko and Arturs Markevics with the goal to become a staple of trust and reliability in the crypto market.
The company is based in the UK, and in its first 6 years of existence has served hundreds of thousands of customers for their digital currency exchange needs.
The Interface
Paybis’ website recently experienced a complete redesign. The transaction panel is clean and minimalistic, making everything easy to understand.
You can choose your payment and payout methods from the get-go, accessing all the options from the handy drop-down menus.
Manually creating an account is a breeze and couldn’t be simpler. Especially if you are using a Facebook or Google account, this process requires only one click.
The Service
Paybis supports the buying and selling of crypto and digital currencies through various payment methods.
You can buy your crypto as well as sell your Bitcoin using:
- Credit/Debit cards
- Bank transfers (SEPA or WIRE)
- E-wallets (Skrill, Neteller, Payeer, and AdvCash).
The ability to exchange funds between the supported digital wallets is a rare and unique feature of the platform.
In addition, Paybis supports a wide range of crypto and fiat currencies on its platform. When buying crypto you can choose from :
- Bitcoin
- Bitcoin Cash
- Ethereum
- Stellar
- Ripple
- Binance Coin
- Tron
- Litecoin
- NEO
As for the currencies you can use to pay with, you can choose from USD, EUR, GBP, and the newly added CAD and JPY. Check out their website for an updated list of currencies and payment methods.
Fees and Limits
When using a service like Paybis, everyone wants to know how much they will be paying for their transaction. Well, there’s some really good news here.
Your first transaction, when using your bank card as a payment method, is free of charge. This will not only allow you to test the platform but also to get crypto at the best rates in the market. After that, fees are completely transparent and are presented to you immediately when starting your transaction.
This way, there are no unpleasant surprises when you receive your funds.
Paybis also offers some of the highest buying limits worldwide. You can begin with as little as $50, but more serious investors can buy up to $20.000 daily or $50.000 a month.
Safety and Support
Paybis holds a Crypto to Fiat Transaction License from the Republic of Estonia Ministry of Economic Affairs. They are also registered as Money Service Business in the US and comply with international AML and KYC requirements.
This should be enough for anyone questioning their legitimacy. But there are also thousands of positive reviews on Trustpilot, that praise their effectiveness.
Finally, their multilingual support can be reached at all times via email and live chat. My personal experience has been very positive with response times in minutes and always resulting in a quick resolution of my questions.
Conclusion
Paybis is a legit and regulated UK company that offers quick
and easy transactions, in addition to a wide range of payment methods.Their interface and KYC are intuitive and their online
reputation speaks for itself.
Other than the somewhat above average fees, there’s not much to nitpick here. Whether you are a seasoned crypto enthusiast or a beginner, you should definitely check this exchange. It just might become your go-to platform when exchanging cryptos or digital wallet assets.
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