Your capital is at risk.
Paybis Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5
- Proprietary online platform
- Paybis mobile apps
- FinCEN
- Floating fees for buying/selling cryptos
- Wide choice of cryptocurrencies.
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5
- Proprietary online platform
- Paybis mobile apps
- FinCEN
- Floating fees for buying/selling cryptos
- Wide choice of cryptocurrencies.
Our Evaluation of Paybis
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Paybis is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.52 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Paybis clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Paybis is an online platform for trading different cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, etc., using various payment methods that include electronic payments, bank cards, and bank transfers. The exchange is useful for experienced and novice crypto traders since it provides for purchasing digital coins for fiat currencies.
Brief Look at Paybis
Paybis was established in 2016 and provides its services in 180 countries, including 48 U.S. states. The exchange’s activities are regulated by FinCEN (Financial Crimes Enforcement Network), the U.S. agency subordinated to the U.S. Department of the Treasury under registration number 31000224635628. Trades for over $2 billions have been executed on this exchange, and daily trading volumes exceed $800,000. Paybis’s rating on the Trustpilot service is 4.2 out of 5. There are more than 20,200 reviews, most of which are positive.
- Interface of trading platforms and support are available in 9 languages;
- Over 80 cryptocurrencies;
- Various deposit methods;
- Minimum purchase amount is $5 or EUR 5;
- Partnership program with an unlimited period of paying rewards for referees’ trades;
- Functional and easy-to-use proprietary platforms for cryptocurrency trading;
- Mobile apps for Android and iOS.
- No possibility to buy cryptocurrencies for other digital currencies;
- Bank transfers are available only in EUR;
- To buy cryptocurrency even for a small amount, it is required to pass identity verification.
TU Expert Advice
Financial expert and analyst at Traders Union
Paybis is a Polish crypto exchange that has offices in Riga, Latvia, and the state of Delaware, in the U.S. Over 100 qualified managers provide 24/7 services in 9 languages. The exchange focuses on trading cryptocurrencies for any of 130 fiat currencies. Paybis doesn’t offer leverage, which is why users can work only with their own funds.
The range of available payment methods is subject to the chosen currency. The largest diversity is available when buying cryptocurrencies for USDs and EURs. USDs can be credited to the internal Paybis wallet with bank cards, Skrill, Neteller, AstroPay, and online banking. If traders want to buy cryptocurrencies using EURs, they can transfer them with bank cards, Skrill, Neteller, Giropay, and bank transfers. In most countries, transfers from bank cards and through AstroPay are available.
The minimum purchase amount depends on the method of depositing fiat currencies. For example, it is possible to buy a cryptocurrency for $5/€5 using a bank card; $20/€20 using Skrill and Neteller; €5 using Giropay, and $5 using AstroPay. Bank transfers are available only in EURs and the minimum transaction amount is €200.
Paybis Summary
Your capital is at risk. Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary online platform and Paybis mobile apps |
|---|---|
| 📊 Accounts: | Crypto Wallet |
| 💰 Account currency: | EUR, USD, GBP, AUD, and other fiat currencies |
| 💵 Replenishment / Withdrawal: | Bank cards, online banking, Skrill, AstroPay, Neteller, Giropay, and bank transfers within the EU |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: |
Buying cryptos — $5; Selling cryptos — equivalent of $100 excluding the exchange’s and blockchain’s fees (BTC 0.00208498 approximately) |
| 💱 Commission: | Exchange and blockchain fees |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: |
Floating fees for buying/selling cryptos; Wide choice of cryptocurrencies. |
| 🎁 Contests and bonuses: | Fee-free first transaction and promo codes to receive discount on payments |
Paybis is a browser platform and a mobile app for instant trading 87 cryptocurrencies. Users can’t buy one digital coin for another; cryptocurrencies can only be bought using one of the 48 available fiat currencies. Leverage is not available.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Crypto wallet | $2 subject to transaction characteristics | On the part of the exchange: withdrawal fees are included in maintenance fees; On the part of banks: fees are withheld according to payment regulations |
The table below provides the fees of three crypto exchanges registered in different countries.
| Broker | Average commission | Level |
|---|---|---|
|
$2 | |
|
$20 | |
|
$0.1 |
Investment Options
Passive income options are not available with Paybis. Profits are received only from buying/selling cryptocurrencies for fiat currencies and from partnership programs.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership program from Paybis
Paybis offers a multi-level referral program, which means that partners receive rewards for transactions of clients attracted by them and of their referees’ sub-partners. Referral rewards are:
-
1 level is 20% of the exchange’s income from direct referrals;
-
2 level is 5% of Paybis’s profits from the referees of sub-partners.
The minimum withdrawal amount under the partnership program is $50. The money can be withdrawn in Bitcoin to the external crypto wallet or by a SEPA transfer. The reward payment period isn’t limited so partners receive funds all the time when traders attracted by them use the exchange’s services.
User Satisfaction