Learn more about TU’s methodology
- 1 USDT
- Web platform
- Mobile application
- The trading fee varies depending on a trader’s 30-day trading volume
Our Evaluation of PayBito
Learn more about TU’s methodology
PayBito is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.27 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 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.
PayBito is an exchange for spot trading in cryptocurrencies, as well as for trading options and futures with leverage.
How we tested PayBito
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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.
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- 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 Verdict
Chief Analytics Officer
PayBito is a cryptocurrency exchange that provides access to trading in spot, options, and futures contracts with leverage up to 1:125 through both a web platform and mobile applications. Accounts can be denominated in USD, EUR, SGD, AED, INR, and cryptocurrencies, and users benefit from features such as instant buying, P2P trading, market analytics, and algorithmic trading. The exchange supports 50 coins and several fiat currencies, offers both checking and savings accounts, and allows deposits and withdrawals via bank transfers or crypto wallets, with trading fees that decrease for high-volume makers.
However, a notable drawback is that PayBito is not regulated by any government authority, which reduces client protection relative to competitors overseen by Tier-1 financial regulators. Other disadvantages include spot trading fees above industry averages, mandatory KYC verification to access trading, limited passive income features, and higher-than-average withdrawal fees. Given these factors, PayBito may be suitable for traders who prioritize multi-asset access or need institutional services but may not be suitable for users seeking strong regulatory safeguards, low fees, or extensive investment tools.
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 |
| 💵 Deposit / 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 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | No |
| 💱 Commission: |
Spot: 0.35%-0.45% Futures: 0%-0% |
| 🔧 Instruments: | 50 supported coins, Futures, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order 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.
PayBito Key Parameters Evaluation
Regulation and Safety
With a 5.25/10 score, PayBito demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- 2FA
- Cold wallet storage
- Not U.S regulated
- Not government-regulated
PayBito Security Factors
We also compared PayBito against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| PayBito | Kraken | OKX | |
| Tier-1 regulation | No | Yes | No |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | Yes |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is PayBito a regulated crypto exchange?
PayBito is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean PayBito is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at PayBito?
Yes, KYC verification is mandatory at PayBito. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is PayBito available in the USA?
Yes, PayBito is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
PayBito commissions and fees
PayBito received a 5.9/10 score for its trading fees. While PayBito is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Futures fees below industry average
- No deposit fee
- Spot fee above industry average
- Withdrawal fee may be applied
What are PayBito trading fees?
We analyzed PayBito’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
PayBito trading fees vs competitors
| PayBito | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.35 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.45 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0 | 0 | 0.053 |
What are PayBito deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0005 BTC 0.01 ETH |
Does PayBito offer P2P trading?
Yes, PayBito offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.PayBito P2P Fees
Deposit and Withdrawal
PayBito received a 6.5/10 rating for its deposit and withdrawal services. While PayBito covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- P2P for flexible transfers
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No PayPal option
- Withdrawal fee applies
- No Google Pay option
Deposit and withdrawal options
PayBito supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
PayBito Deposit and withdrawal options vs competitors
| PayBito | Kraken | OKX | |
| Bank transfers | Yes | Yes | No |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | No |
What is PayBito minimum deposit?
The minimum deposit at PayBito is 10 USD/USDT or 1 BTC. The minimum trade size is 5 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
PayBito minimum deposit vs competitors
| PayBito | Kraken | OKX | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 5 |
| Minimum trade amount, USD/USDT | 5 | 1 | 1 |
Does PayBito support fiat money?
PayBito supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
PayBito received a score of 4.5/10 in this category, indicating a modest offering of assets and markets. While PayBito covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Crypto futures available
- Yield farming not available
- Staking not available
PayBito supported coins and markets vs competitors
We compared PayBito with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| PayBito | Kraken | OKX | |
| Supported coins | 50 | 278 | 329 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | Yes |
| NFTs | No | Yes | Yes |
PayBito passive income options vs competitors
We also compared PayBito with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | 2100 Geng Road, Palo Alto, CA, 94303, USA |
| Official site | https://www.paybito.com |
| Contacts |
(888) 893-0588
|
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