Paybis

Paybis Review

What is Paybis?

Paybis is a cryptocurrency exchange registered in Poland and in Pennsylvania, United States. The trading app is excellent and offers traders the opportunity to interact with the markets on the go. Users will be able to access the mobile trading app for both iOS and Android. 

Paybis Main Features

As its main features, Paybis promotes that it has 24/7 support, the world’s highest permited limits, instant payouts and that you can make payments from almost anywhere. 24/7 support is naturally very helpful. Instant payouts as well. That it’s available from almost anywhere, save or the restricted jurisdictions below, is also helpful. 

Supported Cryptocurrencies

This exchange hosts a comprehensive selection of cryptocurrencies, providing users with a diverse range of digital assets for trading and investment. The list includes: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), XRP (XRP), Solana (SOL), Binance Coin (BNB), USD Coin (USDC), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Dogecoin (DOGE), TRON (TRX), Polkadot (DOT), Polygon (MATIC), Wrapped Bitcoin (WBTC), Uniswap Protocol Token (UNI), Stellar (XLM), Shiba Inu (SHIB), Litecoin (LTC), Bitcoin Cash (BCH), Dai (DAI), ImmutableX (IMX), Lido DAO (LDO), dYdX (DYDX), Render Token (RNDR), Maker (MKR), Axie Infinity Shards (AXS), Ethereum Name Service (ENS), Quant (QNT), Aave (AAVE), The Sandbox (SAND), ApeCoin (APE), Trust Wallet Token (TWT), Fantom (FTM), Frax Share (FXS), PancakeSwap (CAKE), Tezos (XTZ), Curve DAO Token (CRV), Chiliz (CHZ), Nexo (NEXO), WOO Network (WOO), Fetch.ai (FET), Celo (CELO), Illuvium (ILV), Gnosis (GNO), eCash (XEC), Ocean Protocol (OCEAN), Rocket Pool (RPL), 1inch Network (1INCH), Compound (COMP), Stargate Finance (STG), Zilliqa (ZIL), SKALE (SKL), SingularityNET (AGIX), Amp (AMP), Biconomy (BICO), Holo (HOT), ssv.network (SSV), Mask Network (MASK), Enjin Coin (ENJ), Basic Attention Token (BAT), Threshold (T), Sushi (SUSHI), Convex Finance (CVX), yearn.finance (YFI), JasmyCoin (JASMY), Storj (STORJ), Audius (AUDIO), Ankr (ANKR), Ontology (ONT), Livepeer (LPT), Numeraire (NMR), Flux (FLUX), Swipe (SXP), Alchemy Pay (ACH), Perpetual Protocol (PERP), Celer Network (CELR), Binary (XBNX), Golem (GLM), Kyber Network (KNC), PlayDapp (PLA), Gitcoin (GTC), Pundi X (PUNDIX), OMG Network (OMG), Synapse (SYN), Merit Circle (MC).

Restricted Jurisdictions

Paybis does not permit US-investors to use their services save for investors who live in the following six states: New York, Hawaii, and Louisiana.
We do provide our services in the rest of the US. With respect to other countries, as long as you are not from any of the following you can trade at Paybis: Abkhazia, Afghanistan, Belarus, Central African Republic, Crimea, Cuba, Democratic Republic of the Congo, Ethiopia, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Northern Cyprus, Palestine, Russia, Sahrawi Arab Democratic Republic, Somalia, South Ossetia, South Sudan, Sudan, Syria, Venezuela, Luhansk and Donetsk (regions in Ukraine), Yemen, Zimbabwe.

If you’re from any of the above countries, then Paybis is not for you. Don’t be too sad though. Check out our Exchange Finder to find out which alternatives you have.

Paybis Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. At this exchange, there is only an order box. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the purchase interface on the landing page at Paybis:

Paybis Fees

Paybis Trading fees

As per the details outlined on the Paybis website, users are required to cover two distinct fees when purchasing cryptocurrency. The first is the service commission, representing the fee imposed by Paybis for facilitating the transaction. The second fee is the network commission, which is levied by the blockchain to validate and confirm the transaction. The relevant rates are set out in the below picture for a Skrill transaction (both the service and BTC network fee):

Paybis Withdrawal fees

Paybis applies a withdrawal fee that varies based on the chosen payment method and the fiat currency selected for the withdrawal transaction. To not charge any withdrawal fees is a very competitive feature compared to industry averages.

Deposit Methods

At Paybis, you can deposit through both wire transfer and credit cards. You can essentially deposit in whatever way you can think of. Loads of deposit methods are available. This can be helpful especially for newer crypto investors.

One should generally look out for the different deposit fees charged by exchanges for deposit of fiat currencies via wire transfer or credit cards. While it might be indifferent to you whether you should deposit via wire transfer or credit card, fees can vary tremendously. Some exchanges charge a deposit fee of up to a staggering 11% for credit card deposit.

There are a whole host of other ways to deposit money which include the following; Neteller, Skrill, Giropay, Astropay, Online Banking for US (ACH), SEPA, and M-Pesa. Paybis also offers SPEI for LATAM customers.