In the digital realm, numerous user reviews about Paybis aren't hard to find. As one of the most popular cryptocurrency exchanges in the UK (its home country), Paybis indeed offers users a wide array of features and benefits.
However, Paybis also comes with notable concerns—prompting many to dig deeper into the platform's reliability.
Worry not! This review will cover everything—highlighting the exchange's pros and cons, discussing usability aspects, examining registration and funding processes, and concluding with my personal opinion.
Ready? Let’s dive in!
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Pros
- Simple to use
- Multiple payment methods
- Licensed & reliable exchange
- Strong security
- 24/7 customer support
- No hidden fees
Table of Contents
Strengths
Highly Secure Exchange
Security remains paramount when choosing a crypto exchange. While many platforms lure users with flashy features, Paybis prioritizes safety through:
- Strict KYC Verification: Mandatory identity checks for major transactions.
- Non-Custodial Model: Users hold their own crypto (no platform storage).
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Top-Tier Customer Support
Paybis offers 24/7 customer support—responsive and helpful, ensuring quick resolution for any issues.
Fiat Payments Supported
Buy crypto via:
- Credit/debit cards
- Bank transfers
- Apple Pay (2023 update)
Fast Payouts
Withdrawals are processed swiftly, avoiding delays common on other exchanges.
User-Friendly Interface
The platform’s simple, clutter-free design makes buying/selling crypto effortless—ideal for beginners.
Weaknesses
Limited U.S. Availability
Not available in:
- New York (NY)
- Hawaii (HI)
- Texas (TX) (partial restrictions)
High Fiat Transaction Fees
- 4.5% fee for card purchases above $225.
- Bank transfers: 3.99%.
- Skrill: 2.95%.
Limited Cryptocurrency Selection
Supports only 9 major coins (e.g., BTC, ETH, XRP). Expanded in 2023 to include:
- DOGE, USDT, LINK, SHIB, and others.
How to Use Paybis?
Registration Process
- Visit Paybis.
- Click Sign Up.
- Enter email + password (takes <30 seconds).
Buying Cryptocurrency
- Select payment method (card/bank transfer).
- Choose cryptocurrency.
- Complete KYC verification.
- Confirm purchase.
Conclusion
Paybis excels for beginners with its ease of use and security but falls short for advanced traders due to high fees and limited crypto options.
Alternatives: Check top crypto exchanges for broader features.
FAQ
Is Paybis safe?
Yes—it uses strict KYC and non-custodial storage.
What payment methods does Paybis accept?
Cards, bank transfers, Apple Pay.
What are Paybis' fees?
Ranges from 1% to 8.95%, depending on payment method.
Can U.S. users access Paybis?
No—excluded in NY, HI, and partially TX.