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 2.61 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 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.
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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 Advice
Author, Financial Expert at Traders Union
PayBito offers spot trading cryptocurrencies, futures, and options with leverage, accessible via a web platform and mobile apps. The platform supports multiple fiat currencies, including USD, EUR, and INR, and provides direct market access. Its clients benefit from low trading fees, free analytics, and the ability to reduce fees further through large volume trades. The platform also provides affiliate programs and various investment solutions.
However, PayBito faces notable drawbacks, such as a high withdrawal fee, absence of card payment options, and limited comprehensive regulation. Additionally, the range of supported coins is less extensive compared to some competitors. While PayBito may suit experienced traders comfortable with using bank transfers and those who prioritize leverage, it may not be ideal for beginners or those who require extensive safety measures and broader asset diversity.
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 |
| 💼 PAMM-accounts: | 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
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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.
- Cold wallet storage
- No successful hacks history
- 2FA
- Not U.S regulated
- No investor protection fund
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 | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| 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.
In which countries is PayBito available?
PayBito complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, Romania, Iran, Islamic republic, Bulgaria, Venezuela, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact PayBito support.
Is PayBito available in the USA?
PayBito is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Kraken, Crypto.com .
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 | Huobi Global | WhiteBIT | Industry average | |
| Spot, maker fee (%) | 0,35 | 0,2 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,45 | 0,2 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0 | 0,05 | 0,05 | 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.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Bank transfers for deposits and withdrawals
- Bank cards accepted for instant deposits
- No PayPal option
- No Google Pay option
- Withdrawal fee applies
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 | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is PayBito minimum deposit?
The minimum deposit at PayBito is 10 USD/USDT or 0,001 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 | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 5 | 0,00001 | 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
- Crypto options 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 | OKX | Kraken | |
| Supported coins | 50 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| 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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