Paybis Review 2022

Paybis Review Summary

Paybis is one of the best Bitcoin wallets out there. The process is simple and there are live updates to help you keep up with the latest happenings. There is no fancy user interface, but the website is responsive and user-friendly. Paybis offers a simple sign-up process, with simple instructions and straightforward verification steps. They have a helpful blog and FAQ page to help you out. The interface is designed for beginners and features a clean and friendly layout. You can instantly purchase the major cryptocurrencies with Paybis, thereby leveraging your trading opportunities. The site is secure, and its security is very high.

Paybis review
What Do Paybis Offer?

πŸ‘‘ Cryptocurrencies BTC,ETH,LTC,XRP,BCH,XLM,BNB,TRX,DOGE,USDT
πŸ“ˆ Securities tradable 32 cryptocurrencies
πŸ’΅ Cost per trade Fees vary
💬 Customer service Email : Yes, Phone support : No, live chat : Yes.
πŸ’° Desposit Fees Fees vary
πŸ’° Withdrawal Fees Fees vary
πŸ’° Payment Methods Bank transfer
πŸ”‹ Mobile app IOS App : Yes, Google Play Android App : Yes

Initially, Paybis only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.

Paybis is a cryptocurrency platform that was founded in 2014 the current CEO & Founder is Innokenty Isers. Paybis has headquarters in Scotland, United Kingdom and offers the buying and selling of over 32 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, Paybis offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.

You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With Paybis you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.

Paybis Review

Paybis Review

Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.

Paybis review
Paybis Best For

Paybis works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.

Paybis review
Paybis Advantages

Following are the advantages of using Paybis:

  • Paybis has been in business longer than 2 years
  • Paybis offers over 20 cryptocurrencies.
  • Paybis offers a wide range of fiat currencies.
  • Paybis offers Livechat support.
  • Paybis offers email support.
  • Paybis offers an Android Google Play Store mobile app.

Easy UI

Paybis is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. Paybis also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.

Wide Crypto Selection

Paybis has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

High Liquidity

High liquidity guards investors from price slippages in a market that is already volatile. Paybis currently ranks among the highly liquid exchanges.

Opportunities For Earning

Paybis offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.

Cryptocurrency Custody

Contrary to brokers focused on trading, Paybis enables traders to take custody of their cryptocurrency assets for themselves. Paybis provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.

Staking Rewards

Paybis also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. Paybis shares that type of reward with its traders. Paybis takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

Paybis review
Paybis Disadvantages

Following are the disadvantages of Paybis:

  • Paybis does not offer PayPal as a payment method
  • Paybis does not offer Neteller as a payment method
  • Paybis does not offer Skrill as a payment method
  • Paybis charges withdrawal fees
  • Paybis does not offer phone support.

Insufficient Variety Of Altcoins

Although Paybis has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.

Higher Fees And Their Lack Of Transparency

Paybis has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using Paybis β€˜s basic platform, you will not be able to find a schedule before you proceed to place a trade.

Paybis review
Paybis Cryptocurrency Choice

Paybis allows you to trade around 32 digital currencies including BTC,ETH,LTC,XRP,BCH,XLM,BNB,TRX,DOGE,USDT and many more.

Paybis review
What Cryptocurrencies Are On Paybis

Paybis has 32 cryptocurrencies available to registered users. These cryptocurrencies include BTC,ETH,LTC,XRP,BCH,XLM,BNB,TRX,DOGE,USDT.

Paybis review
Paybis Stablecoins

Paybis offers its own stablecoin called Paybis. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on Paybis.

Paybis review
Paybis Altcoins

Paybis has a decent variety of altcoins for traders to choose from with over 32crypto assets including alt coins listed on Paybis.Paybis has a decent variety of altcoins for traders to choose from with over .

Paybis review
Trading Cryptocurrency With Paybis

Different cryptocurrencies at Paybis come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their Paybis wallet.

Paybis Crytocurrency To Crytocurrency Trading

Paybis has upwards of 32 cryptos available in multiple regions of the world.

Paybis Crytocurrency To Fiat Currency Trading

Paybis review
Paybis Cryptocurrency Custody And Ownership

Paybis allows users to take custody of their cryptocurrency assets themselves. Users can either use Paybis’s crypto wallet, or their own. Paybis also has over 42 fiat currencies available including EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY all accessible to registered users.

Paybis review
Paybis Staking Rewards

Paybis enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.

Paybis review
Paybis Fees

Paybis Users will have to pay a Fees vary trading fee as well as deposit fees of Fees vary when buying and selling cryptocurrency with Paybis.

Paybis review
Paybis Network Fee

Outgoing Paybis transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.

Paybis review
Paybis Trading Commissions

Trading commissions at Paybis work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at Paybis is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.

Paybis review
Withdrawal Fees

With Paybis standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your Paybis account. A withdrawal fee of (Fees vary) may also be required for certain 3rd party payment methods instead of using cleared bank funds.

Paybis Currency Conversion Fees

Paybis charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.

Paybis Payment Methods

The payment methods offered at Paybis are Bank transfer. Paybis also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.

Paybis review
Paybis Withdrawal Methods

If you have cryptocurrency or traditional fiat currency in your Paybis account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.

Paybis review
Withdraw Fiat Currency From Paybis

Users can withdraw their digital currency from Paybis to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. Paybis also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).

Paybis review
Paybis Security

Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. Paybis stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.

Paybis holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. Paybis requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, Paybis also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.

Paybis holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European Paybis clients FCA regulated European banks may be used.

Paybis review
Paybis Two Factor Authentication - 2FA

Paybis does offer two-factor authentication for added security.

Paybis Specific Device Whitelisting

Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows Paybis customers to withdraw to authorized devices.

Paybis review
Paybis Wallet

Paybis review
Paybis Online Cryptocurrency Wallets

Paybis review
Paybis Hardware Cryptocurrency Wallets

Paybis review
Paybis Liquidity

Paybis has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.

Paybis review
How To Open A Paybis Account

To open an account at Paybis, the first step to get started is to provide your name, email address, password, and the state you live in. Choose β€œcreate an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.

Paybis review
Paybis User Interface

Paybis has a simple, user-friendly interface.

Paybis review
Paybis Features And Cryptocurrency Trading Tools

Paybis offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.

Paybis review
Paybis Ease Of Use

Paybis is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at Paybis.

Paybis review
Paybis Mobile Apps

The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. Paybis has highly rated applications for both iOS and Android.

Paybis review
Paybis Apple App

The Paybis app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

Paybis review
Paybis Android App

The Paybis app can be found on the Play Store on all Android devices, offering the same features as the desktop website.

Paybis review
Paybis Education Resources

Paybis enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.

Paybis review
Paybis Customer Support

Paybis registered users can request support through email, phone, live chat when available. Support options are available through the Paybis website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the Paybis website. Paybis also has a help page for solving common problems with your Paybis crypto account.

Paybis review
Paybis Phone Support

Paybis phone support can be accessed by called them on .

Paybis review
Paybis Email Support

Paybis email suport can be reached at [email protected] [email protected] Although Paybis usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.

Paybis review
Paybis Live Chat

Customers can reach out to Paybis via live chat at any time if they have issues or difficulties with their Paybis account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.

Paybis review
What Countries Is Paybis Available In?

Paybis is available in over 100 countries. Paybis does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.

Paybis review
Paybis Account Limits

Paybis offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.

Paybis review
Paybis Awards

Paybis review
Can Paybis Be Trusted?

Paybis is a regulated company that is backed by major investors and holds licences for all the districts it operates in.

Paybis review
Is My Money Safe With Paybis?

Yes, Paybis is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. Paybis also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.

Paybis review
Is Paybis Regulated By A Financial Regulator?

Yes, Paybis is compliant with all applicable regulations in every jurisdiction it operates in.

How Do I Contact Paybis If There Is A Problem?

Paybis β€˜s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on Paybisβ€˜s website. Paybis also has a β€œHelp” section for less complicated issues.

Paybis Review Verdict

Paybis makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.

Paybis Compared To Other Cryptocurrency Platforms

  1. Visit Paybis alternative Paybis

    🀴 Used By: 700,000
    ⚑ Crypto Available: BTC,ETH,LTC,XRP,BCH,XLM,BNB,TRX,DOGE,USDT and 32 more cryptocurrency.
    πŸ“ˆ Traded Volume: 62,336,251
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit Paybis alternative eToro Cryptocurrency

    🀴 Used By: 23,200,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 41,693,321
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary. Overnight and weekend fees apply
    πŸ’° Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    πŸ’° Deposit Fees: Fees vary (conversion fees for non-USD deposits)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit Paybis alternative eToroX

    🀴 Used By: 13,000,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 42,043,394
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit Paybis alternative Coinbase Pro

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC and 80 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0-0.50%
    πŸ’° Withdrawal Fees: Cryptocurrency: None
    πŸ’° Deposit Fees: Cryptocurrency: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit Paybis alternative KuCoin

    🀴 Used By: 8,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO and 434 more cryptocurrency.
    πŸ“ˆ Traded Volume: 110,957,137
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: 0.10%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit Paybis alternative LocalBitcoins

    🀴 Used By: 1,000,000
    ⚑ Crypto Available: BTC and 1 more cryptocurrency.
    πŸ“ˆ Traded Volume: 612,000,000
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: None
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit Paybis alternative Kraken

    🀴 Used By: 6,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, BAT, ETC and 81 more cryptocurrency.
    πŸ“ˆ Traded Volume: 3,048,440,145
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.00-0.16%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit Paybis alternative Huobi

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
    πŸ“ˆ Traded Volume: 924,266
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.2%
    πŸ’° Withdrawal Fees: None
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit Paybis alternative Coinbase

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    πŸ’° Deposit Fees: Credit/debit card: 3.99%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  10. Visit Paybis alternative Coinmama

    🀴 Used By: 2,300,000
    ⚑ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
    πŸ“ˆ Traded Volume: 86,072,667,390
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: 2.9-3.9% (depending on loyalty level)
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Credit card: 5%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  11. Visit Paybis alternative CoinJar

    🀴 Used By: 450,000
    ⚑ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
    πŸ“ˆ Traded Volume: 64,141,140
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.05-0.15%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: No Fees
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

Paybis Frequently Asked Questions

Following are the most commonly asked questions (and their answers) about Paybis:

Is Paybis Safe?

Yes, Paybis is backed by high profile investors and regulated by reputed financial authorities.

How Do I Withdraw From Paybis?

Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. Paybis also allows instant cash-outs to cards or bank accounts in exchange for extra fees.

Is Paybis Okay For Beginners?

Yes, because of how easy-to-use its web and application interfaces are, Paybis is seen as one of the best options for beginner traders.

Do I Have To Pay TAX With Paybis?

You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.

Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.

Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.

Check with a local accountant to check if any tax is due on your cryptocurrency trading.