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/10

paybis

United Kingdom

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://paybis.com/

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AA

Influence Index NO.1

South Korea 4.82

Better than 98.52% exchange(s)

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No effective regulatory information has been founded yet, please pay attention to the risks!

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Company Name
paybis
Phone of the company
--
Customer Service Email Address
support@paybis.com

WikiBit Risk Alerts

1
Previous Detection 2024-06-15

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Aspect Information
Company Name Paybis
Registered Country/Area United Kingdom
Founded Year 2014
Regulatory Authority Unregulated
Assets Available 150+
Trading Fees $2 minimum Service Fee, and Network Fee
Payment Methods Credit/Debit cards, Skrill, Neteller and Bank Transfers, and various e-wallets.
Customer Support Email: support@paybis.com
Live Chat: https://paybis.com/
Twitter, Linkedin, YouTube, Instagram and Facebook

Overview of paybis

Founded in 2014 and registered in the United Kingdom, paybis is a cryptocurrency exchange platform that extends its services to customers in over 180 countries, with a primary focus on the United States and the United Kingdom. Offering support for more than 150 cryptocurrencies and fiat currencies, Paybis stands out for its extensive array of payment methods. In addition to conventional options like credit and debit cards, users can conveniently acquire cryptocurrencies through digital payment systems such as Skrill and Neteller. However, that Paybis operates without regulatory oversight.

paybis' homepage

Pros and Cons

Pros Cons
Worldwide Access Unregulated
Round-the-clock Support
Diverse Crypto & Fiat Currencies
Pros:
  • Worldwide Access: Paybis provides services to customers worldwide, offering accessibility to users across the globe. You canbuy crypto from more than 180 countries worldwide.

  • Round-the-Clock Support: The platform offers 24/7 customer support through various channels, ensuring assistance is available at any time.

  • Diverse Crypto & Fiat Currencies: Paybis supports a broad range of over 150 cryptocurrencies and fiat currencies, providing users with diverse options for trading and transactions.

Cons:
  • Unregulated: One significant drawback is that Paybis operates without valid regulatory oversight. This lack of regulation raises concerns about the platform's security and compliance with industry standards.

Security

Paybis implements various measures to protect user accounts and funds. The platform utilizes industry-standard security protocols, including SSL encryption, to ensure the confidentiality and integrity of user data during transmission. Paybis also employs strict identity verification procedures to prevent fraudulent activities and comply with anti-money laundering regulations. In terms of account security, Paybis implements measures such as two-factor authentication (2FA) to provide an additional layer of protection.

However, paybis operates without valid regulatory oversight, which is a significant concern to security.

No license

Trading Markets

Paybis provides a diverse range of over 150 cryptocurrencies and fiat currencies for purchase. Some of the notable options available include Bitcoin Cash (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Ripple (XRP), Litecoin (LTC), Solana (SOL), Polkadot (DOT), Chainlink (LINK), Cardano (ADA), VeChain (VET), and EOS, among others. This extensive selection offers users a broad spectrum of choices for their cryptocurrency transactions.

Trading Markets

Services

Paybis Wallet is a secure and user-friendly crypto wallet designed to streamline the management of your digital assets. Offering a unified solution, it allows you to handle multiple cryptocurrencies within a single wallet, eliminating the need for separate accounts.

Paybis Wallet

Stay informed about real-time crypto asset values in USD, conveniently monitoring your portfolio. The wallet employs on-chain storage, ensuring transparency by dedicating a unique address to your funds. This allows independent verification of your holdings through any relevant blockchain explorer.

Enhancing security, the wallet adopts the MPC (Multi-Party Computation) model. This cryptographic technique fragments and separately stores the private key, crucial for managing your cryptocurrencies. Accessible on both web and mobile (Android and iOS), the Paybis Wallet offers flexibility. The web platform provides an intuitive interface, while the mobile app ensures on-the-go access from your home screen.

Paybis App

Paybis simplifies the process of purchasing Bitcoin directly from your smartphone through its user-friendly app, compatible with both Android and iOS devices. With the Paybis app, acquiring Bitcoin is a experience that can be completed in just a few straightforward steps. Whether you are a beginner or an experienced cryptocurrency user, the intuitive design of the app facilitates a smooth transaction process.

Paybis App

How to Buy Cryptos

In this step-by-step guide, we'll walk you through the process of purchasing cryptocurrency on Paybis.

Step 1: Create a Free Account

Visit the Paybis website or download the mobile app, then click on the “Sign Up” button. You will need to provide a valid email address and phone number and verify them.

click on the “Sign Up” button

Step 2: Complete KYC Process

Depending on your location and transaction details, complete a quick KYC process to verify your identity.

Step 3: Log in to Your Account

Log in to your Paybis account using the credentials you provided.

Step 4: Choose Fiat Currency and Cryptocurrency

Select the fiat currency you want to use for the purchase and the cryptocurrency you wish to buy. For example, you can buy Bitcoin with USD.

buy bitcoin with credit card or debit card

Step 5: Enter Transaction Details

Enter the desired amount of cryptocurrency you want to purchase.

Step 6: Select Wallet

Choose your preferred wallet to receive the purchased cryptocurrencies.

Step 7: Purchase it

Provide your credit card or debit card details. Alternatively, you can explore other payment methods like Apple Pay, Google Pay, Skrill, or PIX.

Follow the prompts to complete the transaction. Your cryptocurrencies should be available in your chosen wallet within a few minutes.

Fees

Paybis operates on a transparent fee structure, generating revenue through two primary fees: the Service Fee and the Network Fee.

  • Service Fee

The Service Fee serves as Paybis' commission for facilitating transactions, encompassing operational costs like payment processing fees, infrastructure expenditures, and technological investments. Distinct payment methods incur varying costs, with the generally lower cost associated with bank transfers compared to alternative methods.

Paybis enforces a minimum Service Fee of 2 USD, ensuring coverage of operational costs. For smaller transactions, this fixed fee may represent a higher percentage than for larger transactions.

  • Network Fee

The Network Fee, charged by miners for validating transactions on the blockchain, fluctuates based on market demand for the chosen cryptocurrency. This fee is uniform per transaction, applicable across all payment methods.

Payment Methods

Paybis offers users numerous payment methods, including credit/debit cards, bank transfers, and alternative payment providers (Skrill, Neteller), ensuring flexibility and convenience to buy crypto.

  • Buy transactions
Payment method Min amount per transaction Max amount per transaction Other max limits
Credit/Debit card 4 USD 20 000 USD unlimited
Skrill/Neteller 20 USD 200 000 USD 200 000 USD daily
Bank Transfer 5 USD 10 000 USD 1 000 000 USD monthly
  • Sell transactions
Crypto Withdrawal method Min amount per transaction Max amount per transaction Other max limits
Bitcoin Bank Transfer 240 USD 100 000 USD 250 000 USD daily
Bitcoin Visa card 5 USD 20 000 USD
Bitcoin Neteller/Skrill 50 USD 25 000 USD
USDT (ERC-20) Bank Transfer 50 USD 100 000 USD
USDT (ERC-20) Visa card 10 USD 20 000 USD
USDT (ERC-20) Neteller/Skrill 50 USD 25 000 USD

Paybis does not charge deposit or withdrawal fees. However, the network fee is always involved in transferring crypto coins. The time taken by an exchange to send or receive crypto coins depends on the payment method used by the traders while depositing or making a purchase. Transfers made through SEPA take 1-5 business days before the verification of the transaction. It does not take more than 6 days for Paybis to send coins through bank transfers.

Is paybis a Good Exchange for You?

Paybis is best for those who value a diverse range of trading options. With support for over 150 cryptocurrencies and fiat currencies, it caters to users with a broad array of trading and transaction needs, regardless of their location worldwide.

  • Beginner Traders: Paybis offers a user-friendly interface and intuitive platform design, making it an ideal choice for beginners who are new to the world of cryptocurrency trading. The platform provides educational resources, such as blog articles and a comprehensive FAQ section, which can help beginners understand the basics of trading and make informed decisions.

  • Experienced Traders: Paybis offers competitive exchange rates and ensures fast and reliable order execution. Experienced traders can take advantage of the diverse selection of cryptocurrencies offered by Paybis to implement their preferred trading strategies.

Conclusion

With a broad offering of over 150 crypto and fiat currencies, Paybis caters to a global audience. Its comprehensive payment methods and focus on security make it suitable for novices and experienced cryptocurrency users alike. However, the lack of regulatory oversight necessitates a careful approach.

FAQs

Q: Does Paybis Operate with Regulatory Oversight?A: No.

Q: What payment methods are accepted on Paybis?

A: Paybis accepts payment methods such as Credit/Debit cards, Skrill, Neteller and Bank Transfers, and various e-wallets.

Q: Is there a mobile app for Paybis?

A: Yes, it is supported both on iOS and Android.

Q: What currencies does Paybis support?Paybis supports over 150 cryptocurrencies and fiat currencies, including BTC, ETH, USDT, BNB, LTC and more.

User Review

User 1: I've been using Paybis for a while now, and I must say their security measures are top-notch. They prioritize user safety with features like SSL encryption and two-factor authentication. I feel confident knowing that my funds are secure. Their customer support is also excellent. Whenever I've had a question or concern, the support team has been quick to respond and resolve any issues. The only downside is that their trading fees are a bit higher compared to some other exchanges, but considering the level of security and support, it's worth it.

User 2: Their platform interface is clean and user-friendly, making it easy for me to navigate and execute trades. I'm impressed with their wide selection of cryptocurrencies available for trading. It allows me to diversify my portfolio easily. The deposit and withdrawal speed is generally quick, which is a plus. However, I wish they offered more advanced order types for more flexibility in trading. Overall, I appreciate the stability and reliability of the Paybis exchange.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.