PayBito 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
- 1 USDT
- Web platform
- Mobile application
- The trading fee varies depending on a trader’s 30-day trading volume
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
- 1 USDT
- Web platform
- Mobile application
- The trading fee varies depending on a trader’s 30-day trading volume
Our Evaluation of PayBito
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
PayBito is a high-risk cryptocurrency exchange with the TU Overall Score of 2.63 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by PayBito clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. PayBito ranks 169 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
PayBito is an exchange for spot trading in cryptocurrencies, as well as for trading options and futures with leverage.
Brief Look at PayBito
The PayBito crypto exchange offers solutions for retail traders and companies that need institutional services, including direct access to the market, algorithmic trading, and systems for managing risks and asset portfolios. The exchange is designed for spot and OTC trading, as well as for trading futures and options contracts with leverage. Clients can also buy cryptocurrencies using the instant buy feature. The available fiat currencies are USD, EUR, INR, SGD, and AED. PayBito has branches in the USA, Australia, Singapore, and UAE.
- Possibility to start copy trading with small amounts;
- Investment solutions for passive income;
- All-inclusive trading platform with interfaces for various asset types;
- Access to trading from phones and other mobile devices;
- Free analytics;
- Low trading fees that can be reduced to zero (for makers with large volumes);
- Easy and quick creation of user accounts.
- No withdrawal to debit/credit cards;
- Trading is not available without verification;
- Withdrawal fees are higher than those charged by competitors.
TU Expert Advice
Financial expert and analyst at Traders Union
PayBito is an exchange for buying, selling, and exchanging digital assets, as well as for trading crypto futures and options. All these transactions are performed on a web platform powered by TradingView. It has 5 interfaces, each allowing you to trade particular assets. The “Basic” interface is designed for instant purchases of cryptocurrencies for fiat money or other digital assets. “Futures” is for trading futures contracts, and “Options” is for options trading. For spot trading, you need to open the “Spot” interface, and “OTC” is a portal for over-the-counter trading.
PayBito offers loans in various cryptocurrencies on the security of bitcoins. The APRis set at 9.2%. Trading fees depend on order types and the 30-day trading volume. The fees can be reduced by using HCX tokens in transactions. Makers can trade with zero fees if their volume exceeds $10,000,000.
PayBito provides affiliate programs and solutions for investors. The exchange doesn’t pay its customers for staking digital coins but offers savings accounts with interest on storing cryptocurrencies. You can add funds to your PayBito wallet via a transfer from a bank account (5 fiat currencies are available) or crypto wallet. Deposits and withdrawals with cards are not available.
PayBito Summary
| 💻 Trading platform: | Web platform and mobile apps for Android and iOS |
|---|---|
| 📊 Accounts: | Trading, checking, and savings accounts |
| 💰 Account currency: | USD, EUR, SGD, AED, INR, and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Cryptocurrency transactions and bank transfers |
| 🚀 Minimum deposit: | 100 units of a fiat currency, 0.0001 BTC, 0.006 ETH, 0.1 LTC, or 1 USDT |
| ⚖️ Leverage: | Up to 1:125 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | 0%-0,5% |
| 🔧 Instruments: | Cryptocurrencies, futures, and options |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market, Limit, and Stop-Limit (IOC, FOK, OCO) |
| ⭐ Trading features: | The trading fee varies depending on a trader’s 30-day trading volume |
| 🎁 Contests and bonuses: | No |
PayBito exchange accepts both fiat and cryptocurrencies. The latter can only be deposited with bank transfers. Adding funds with cards or electronic payment systems is not available. Bonuses are not paid.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Trading account | $5 | Yes |
Traders Union analysts have compared the average commission on PayBito with that on other exchanges, which offer cryptocurrency trading, to demonstrate the benefits for traders.
| Broker | Average commission | Level |
|---|---|---|
|
$5 | |
|
$6 | |
|
$0.1 |
Investment Options
PayBito is not only an exchange but also a crypto bank.egistered traders can use investment solutions to earn passive income. Also, retail and institutional clients are offered affiliate programs for additional earnings from other traders’ activity.
Ways to earn passive income on PayBito
Investors are offered the following solutions:
Savings accounts. They are similar to bank deposits. The APY is 7.45% and is paid on a monthly basis. There are no minimum balance requirements or additional fees. Moreover, an investor can choose the cryptocurrency in which he wants to receive profits.
Algorithmic trading. Traders can set up trading bots or use signals from third-party providers for automated trading. There are ready-made strategies that can be tested on historical data. TradingView charts help to assess the bots’ efficiency.
Portfolio Management Systems. This is a single platform for tracking, management, and assessment of cryptocurrency portfolios. It’s compatible with 16 exchanges, including Binance, Kraken, Bittrex, and Coinbase.
Savings accounts are available in over 100 countries (USA, Europe, Asia). Portfolio management systems and algorithmic trading are not provided in all regions. On the PayBito website, there are service request forms from which investors can find out detailed program conditions and lists of supported countries.
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.
PayBito’s affiliate program
Refer a Friend is a referral program for active clients of the exchange. They can earn free HCX coins for inviting new users. An affiliate reward is paid if a referral completes the KYC procedure and makes a transaction.
White Label is an offer for firms that need a cryptocurrency exchange under their proprietary brandj, while using PayBito’s technologies and liquidity. The affiliate reward is 40% of the maker fee.
Franchises is a program for institutional clients that want to work under the PayBito trademark in their region. Franchises get 50% of the fees of all traders who trade through their interface.
Refer a Friend is a free program available to any client of PayBito. White Label and Franchises are intended for companies that are interested in marketing tools to expand their business.
User Satisfaction