“Innokent Isers” launched an exchange in the heart of Warsaw called Paybis, empower people to buy and sell crypto with fiat currencies. In this B2C and B2B exchange, over 80 currencies are available to trade.
Built-In Crypto Wallet, Crypto Calculator, Crypto Prices, Crypto Glossary are some of the features of Paybis.
Paybis Exchange Company Information & Regulation
Paybis is a well-established cryptocurrency exchange that has carved out a niche for itself in the competitive crypto market. Founded in 2014, the company has grown significantly, now serving customers across the globe. Here's what you need to know about Paybis's regulatory status and operational structure:
- Regulatory Compliance: Paybis is registered with the Financial Crimes Enforcement Network (FinCEN) of the United States, which speaks volumes about its commitment to legal and ethical operations.
- State-Level Approval: The exchange has secured permission to trade in 48 U.S. states, demonstrating its widespread acceptance within the country.
- Business Model: Paybis operates on both B2C (Business-to-Consumer) and B2B (Business-to-Business) models, catering to individual traders and corporate clients alike.
By adhering to strict regulatory standards and offering a diverse range of services, Paybis positions itself as a trustworthy and versatile option in the cryptocurrency exchange landscape.
Specifics Table
Paybis offers a straightforward platform for users to buy and sell cryptocurrencies. But What Are Their Features? Table below provides a clear vision from this exchange and its features:
Exchange | Paybis |
Launch Date | 2014 |
Levels | None |
Trading Fees | Starts From $2 |
Supported Coins | 80+ |
Futures Trading | No |
Minimum Deposit | $5 |
Deposit Methods | Crypto, M-Pesa, Online Banking, Astropay, SPEI, PIX, FPX, GrabPay, GCash |
Withdrawal Methods | Crypto, M-Pesa, Online Banking, Astropay, SPEI, PIX, FPX, GrabPay, GCash |
Maximum Leverage | - |
Minimum Trade amount | $5 |
Security Factors | 2FA, SSL Encryption, Cold Storage, Regular Security Audits, KYC and AML Compliance |
Services | Built-In Crypto Wallet, Crypto Calculator, Crypto Prices, Crypto Glossary |
Customer Support Ways | Live Chat, Support Portal, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | No Information Provided |
Native Token | - |
Restricted Countries | Afghanistan, Belarus, Cuba , Iran, Iraq, Myanmar, North Korea, Russia, Somalia, South Sudan, Sudan ,Syria |
Is There Any User Level in Paybis?
Unlike some cryptocurrency exchanges that offer tiered user levels with varying features and benefits, Paybis takes a more straightforward approach.
The platform does not implement a user level system, which means all users have access to the same features and functionalities. This egalitarian approach can be seen as both a strength and a limitation.
Fees and Commissions
In line with the transparency of services and information, Paybis has provided complete information about its fees and revenue generation. During Paybis review, we found out that this exchange has considered two types of fees.
Service Fee
Commission that Paybis earns for Facilitating the transactions. Each transaction has minimum service fee of 2 USD in this exchange. You can pay that in various fiats.
Network Fee
Commission that miners earn to confirm the transactions on the blockchain network. This fee depends on your chosen blockchain and apply to all transactions.
Always check the Paybis website for the most up-to-date fee information, as cryptocurrency exchange rates and fees can fluctuate.
How Many Coins Can I Trade in Paybis?
Paybis has positioned itself as a versatile cryptocurrency exchange by offering a wide array of tokens. With over 80 cryptocurrencies available, users have access to major coins and tokens. Paybis Coins:
Popular Cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
Stablecoins:
- Tether (USDT)
- USD Coin (USDC)
- Dai (DAI)
DeFi Tokens:
- Uniswap (UNI)
- Chainlink (LINK)
- Aave (AAVE)
Other Altcoins:
- Dogecoin (DOGE)
- Cardano (ADA)
- Polkadot (DOT)
Is it Possible to Trade Futures and Margin on Paybis Exchange?
When it comes to advanced trading features like futures and margin trading, Paybis has nothing to say. They don’t support futures and margin trading. To trade these markets, you can use the exchanges below:
- Binance
- Coinbase
- CoinMetro
- KuCoin
- BingX
How to Register in Paybis Exchange? Step-by-Step Guide for Newbis!
Registration process in this exchange designed to get you trading quickly while ensuring compliance with regulatory requirements. Paybis Sign Up:
- Go to the Paybis crypto website and click on the "Sign In" button; Then click on “Register” on the next page;
- Enter your email address and verify it;
- Write down you phone number and verify it;
- Agree to the terms of service and privacy policy;
- Provide your full name, date of birth, and country of residence;
- Select your preferred currency;
- Go thorough KYC and Upload a clear photo or scan of a government-issued ID (passport, driver's license, or national ID card);
- Provide a recent proof of address (utility bill or bank statement);
- Take a selfie holding your ID and a handwritten note with "Paybis" and the current date;
- Wait for Approval;
- You'll receive an email once your account is fully verified;
- Fund your account and start trading.
What Are Paybis Crypto Security & Safety Measures?
Security is paramount in the world of cryptocurrency exchanges, and Paybis takes this aspect very seriously. Here's an overview of the robust security measures implemented by Paybis to protect user funds and information:
- Two-Factor Authentication (2FA): Mandatory for all accounts;
- SSL Encryption: All data transmitted between users and Paybis servers is encrypted;
- Cold Storage: The majority of user funds are stored in offline, cold wallets;
- Regular Security Audits: Conducted by third-party cybersecurity firms;
- KYC and AML Compliance: Strict verification processes to prevent fraud and illegal activities.
While Paybis implements these robust security measures, it's important for users to also practice good security habits, such as using strong, unique passwords and being cautious of phishing attempts. By combining platform security with user vigilance, Paybis aims to create a safe environment for cryptocurrency trading.
Payment Methods
Paybis offers 9 payment methods to cater to users from different countries and with various preferences. This flexibility is one of the platform's key strengths. Paybis Crypto Payment Methods:
- Credit/Debit cards
- Cryptocurrencies
- AstroPay
- M-Pesa
- PIX
- SPEI
- FPX
- GrabPay
- GCash
Trust Scores and Evaluations
When it comes to trust and reliability, Paybis has earned a solid reputation among users. With a Trustpilot rating of 4.0/5 stars based on over 24,000 reviews, Paybis stands out as a reputable cryptocurrency exchange platform. Users praise the exchange for its:
- User-friendly interface;
- Fast transaction times;
- Wide variety of supported payment methods.
While some customers have reported issues like account terminations or delayed refunds, it's worth noting that Paybis actively responds to negative reviews and works diligently to resolve customer concerns.
Does Paybis Provide Copy Trading and Investment Options?
While Paybis excels in providing a user-friendly platform for buying, selling, and swapping cryptocurrencies, it's important to note that the exchange does not currently offer copy trading services or advanced investment options such as staking or crypto loans.
Trading Finder Writer's Opinion and Conclusion
With $5 minimum deposit and $2 minimum commission, you can trade cryptocurrencies with over 150 fiats in Paybis. 2FA, SSL encryption and cold storage are some of the features of Paybis exchange. On the contrary, there is no news of futures, margin, staking, and copy trading.
