Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
Which fiat and cryptocurrencies are supported?
Supported fiat currencies:
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more
Supported cryptocurrencies:
Approximately 32 cryptocurrencies
The fees below are accurate as of 17 January 2020.
Platform trading fees
Buying fees
Transaction
Fees
Buy Bitcoin with credit/debit card
5% + 5% +0.1 USD
Buy Bitcoin with Skrill
3.54% + 6.95% + 0.1 USD
Buy Bitcoin with Neteller
3.54% + 5.95% + 0.1 USD
Buy Bitcoin with Payeer
4.95% + 0.1 USD
Buy Bitcoin with Advanced Cash
3.95% + 0.1 USD
Buy Bitcoin via bank transfer EUR (SEPA)
1 EUR + 1.5% + 0.09 EUR
Buy Bitcoin via bank transfer USD (wire)
3% + 0.1 USD
*Fees vary slightly based on the cryptocurrency being purchased.
Selling fees
Transaction
Fees
Sell Bitcoin to credit/debit card
3.8% + 2 USD
Sell Bitcoin to Skrill
1%
Sell Bitcoin to Neteller
3.95% + 2%
Sell Bitcoin to Payeer
0.45% + 1%
Sell Bitcoin to Advanced Cash
3.95%
Sell Bitcoin to EUR bank transfer (SEPA)
1.5% + 1 EUR
Sell Bitcoin to EUR bank transfer (wire))
1.5% + 45 EUR
Transaction limits
Maximum purchase limit per transaction
US$20,000
Maximum purchase limit per month
US$50,000
How fast will my funds be available?
The speed of your transaction varies depending on the payment method you use. If paying by credit or debit card, most transactions are completed within 15 minutes.
However, if paying by bank transfer, the transaction could take 1-5 business days.
Is Paybis safe to use?
Regulation. Paybis is a legal entity registered in the UK. It is licensed in Estonia to provide virtual/fiat currency exchange services and offers a virtual currency wallet service. It’s also registered as a Money Services Business with FinCen in the US.
Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. Paybis has KYC and AML policies in place to help prevent illegal activity. Customers must undergo a verification process before using the platform and all transactions are monitored for signs of suspicious activity.
Verification process. You’ll need to complete a verification process before you can buy Bitcoin with a credit card on Paybis. You’ll need to provide your name, address, date of birth and proof of ID.
Security features. Unfortunately, Paybis does not support two-factor authentication for extra password security. However, this exchange platform doesn’t actually store the cryptocurrency you buy, so you’ll need to set up your own wallet separately. Check out our guide to the best cryptocurrency wallets for more info on choosing a wallet.
How do I create an account at Paybis
Visit the Paybis homepage and click the “Log in / Sign up” button at the top right of the screen. You can create an account by providing your name and email address and then entering a password.
To verify your account, you’ll need to enter your name, address, date of birth and phone number. You’ll also be asked to upload a valid form of photo ID.
Select your payment method and the cryptocurrency you want to receive. Enter the amount you want to purchase and click “Start Transaction”.
You’ll need to provide your cryptocurrency wallet address and verify your phone and email address. Finally, review all fees that apply to the transaction and provide your payment details to complete your purchase.
Paybis was founded in 2014. Its founders hail from Latvia, but the company is registered in the UK and has an office in Edinburgh.
Since its inception, Paybis claims to have helped more than 300,000 customers buy and sell cryptocurrency.
In a nutshell
Pros
Offers quick and easy cryptocurrency purchases
Several payment methods supported, including credit card payments
Fees are outlined upfront
24/7 customer support available
Cons
Doesn’t support AUD
Doesn’t offer any advanced trading features
High fees when you pay with a credit card
Other exchanges support a wider range of cryptocurrencies
Doesn’t store cryptocurrency for you – you’ll need to create a wallet elsewhere
Compare Paybis against other exchanges
Frequently asked questions
At the time of writing, you can buy cryptocurrencies on Paybis from most countries around the world. However, you are not allowed to use Paybis if you live in the following locations:
Some US states, including New York and Washington
Bahamas
Botswana
Cambodia
Ghana
Iceland
Iran
Democratic Republic of Korea
Mongolia
Pakistan
Panama
Syrian Arab Republic
Trinidad and Tobago
Yemen
Zimbabwe
No, Paybis does not offer a mobile trading app.
You’ll need to complete a verification process before you can buy cryptocurrency on Paybis. This involves providing your name, address, date of birth and phone number as well as uploading a photo of a valid form of ID. You may also be required to provide proof of address during the verification process.
Paybis offers 24/7 customer support. It provides an online Support Portal with answers to a wide range of frequently asked questions, while phone and email support are also offered. Other available options include submitting a support ticket online or asking for help via live chat.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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