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Paybis is a cryptocurrency exchange founded in 2014. Known for its user-friendly interface and extensive payment options, the platform serves customers in over 180 countries, providing a simple way to buy and sell over 80 cryptocurrencies. In this Paybis review, we’ll help you decide if this is the right platform for your crypto needs.

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Why Paybis Exchange Stands Out

Paybis logo

Paybis

Cryptocurrencies supported 10+ (Bitcoin, Ethereum, Ripple)
Funding methods Credit card, debit card, bank wire, Skrill, Neteller
Headquarters London, UK
This website contains affiliate links to Paybis. If you click on a link and sign up for an account or make a transaction, we may receive a commission at no extra cost to you. Our reviews and recommendations are based on independent analysis, research, and user feedback to help you make informed decisions. We strive to provide accurate and up-to-date information, but Binance’s terms, fees, and promotions may change over time. Always verify details on Binance’s official website before making any financial decisions.

Pros

  • Easy sign up and purchase process

  • Several payment options

  • 24/7 customer support

  • Available in 180+ countries

Cons

  • Limited selection of cryptocurrencies

  • Higher fees compared to some exchanges

  • No advanced trading features

Paybis at a Glance

Notable Features

User-friendly interface, extensive payment options, built-in wallet, global accessibility, 24/7 support

Fees

Variable service fees starting from $2 minimum, plus network fees.

Cryptocurrencies

80+ supported including BTC, ETH, LTC, XRP, DOGE, SOL

Security Features

2FA, SSL encryption, cold storage, KYC/AML compliance, regular security audits

KYC Requirements

Full identity verification with photo ID, selfie verification, proof of address

Maximum Daily Deposit Amount

Varies by payment method and user verification level

In-depth Details: What’s to Like and What You Should Know

This straightforward cryptocurrency platform is ideal for buying and selling digital assets with fiat currencies. The exchange caters to people who want simplicity over complex trading features. They also support over 80 cryptocurrencies and offer more than 16 payment methods, making it one of the most accessible platforms for purchasing crypto globally.

You can buy crypto using credit cards, bank transfers, PayPal, Skrill, Neteller, Apple Pay, Google Pay, and various regional payment systems. With instant transactions and a user-friendly interface, they are a great bridge between traditional finance and cryptocurrency.

History and Background

The Paybis crypto exchange was founded in 2014 by three friends – Innokenty Isers, Konstantin Vasilenko, and Arturs Markevich – who initially came from a gaming and e-sports background. The trio recognized the growing potential of cryptocurrency services.

The company’s domain was registered in 2014, and they officially began operations in 2015. Initially, the founders concentrated on building a robust technical framework, simplifying the registration process, and prioritizing security measures. Based in Poland with operations spanning globally, Paybis has impressively remained self-funded throughout its history without external investment.

Safety and Security

In terms of safety, comprehensive security measures are used to protect your funds and data. The platform also maintains regulatory compliance through registration with the Financial Crimes Enforcement Network (FinCEN) in the United States, holding licenses to operate in 48 US states.

The service is registered as a Virtual Currency Business with the Revenue Administration Chamber in Poland, follows strict anti-money laundering policies, and maintains compliance with international security standards for crypto-asset service providers.

Here are some of the things that caught my eye:

  • Two-Factor Authentication (2FA): Mandatory for all accounts using authenticator apps or SMS verification
  • Cold Storage: The majority of user funds are stored offline in secure cold wallets
  • SSL Encryption: All communications and transactions are encrypted using industry-standard protocols
  • KYC/AML Compliance: Comprehensive identity verification prevents fraud and money laundering
  • Regular Security Audits: Independent third-party audits ensure platform security
  • Withdrawal Verification: Six-digit SMS codes required for all crypto withdrawals
  • Device Management: You can monitor and control account access from different devices

My Overview:

What I really like about Paybis is how easy it makes buying crypto with just a credit card or even PayPal. It’s super quick and beginner-friendly.

Special features

Customers gain access to a range of practical features. For instance, the built-in wallet, launched in 2024, lets you securely store multiple cryptocurrencies. You can track prices in real time and manage your portfolio with ease.

They also have extensive payment options, which make buying crypto flexible for anyone. Available in over 180 countries, payment methods are tailored to local markets, offering options like PIX in Brazil and SPEI in Mexico. Fees are always shown upfront, so users know exactly what they’ll pay, and new users enjoy a commission-free first credit card transaction.

Usability

I find the usability really straightforward and super beginner-friendly. The platform keeps things simple. There’s no clutter, just what you need to buy crypto fast. Everything’s laid out clearly, so I never have to guess about prices or fees, and I get to see all the details before confirming anything. Whether I’m using the platform on my phone or computer, it works the same. Helpful instructions pop up along the way, which makes the whole process smooth.

Customer support

Customer support is easily accessible with round-the-clock service and impressively quick response times via their live chat. Email support is also available, and typically gets back to you within a day. The help center covers most common questions and trading issues, so it’s easy to find clear answers or step-by-step guidance for anything on the platform.

One thing to note: They don’t offer phone support, and they specifically warn people to ignore any calls claiming to be from their team.

Mobile Apps

The exchange’s full range of features are available on mobile apps for both iOS and Android, making it easy to buy or sell crypto wherever you are. The interface is clear and responsive, making managing your currencies or tracking your portfolio feel effortless. You get real-time market prices, access to your integrated wallet, and round-the-clock support, all right inside the app. There’s also an iOS-only price tracker app if you want up-to-the-minute updates and crypto news at a glance.

Other useful features you should know about

  • Real-Time Processing: Most transactions complete within 10-30 minutes depending on the payment method
  • Crypto Calculator: Built-in tools to calculate conversion rates and fees
  • Educational Resources: Comprehensive crypto glossary and educational content
  • Multiple Fiat Currencies: Support for USD, EUR, GBP, AUD, and many other currencies
  • Instant Settlements: Immediate processing for card payments and digital wallets
  • Low Minimum Orders: Start buying crypto with as little as $5

The True Cost of Trading on This Exchange

Paybis has a transparent fee structure that varies based on payment method, transaction amount, and currency used. The platform charges two main types of fees, service and network.

Wondering how much does Paybis charge per transaction? The service fee is their commission for facilitating transactions, with a minimum of $2 USD to cover operational costs. The percentage varies by payment method, with bank transfers generally offering lower fees than credit cards or alternative payment methods.

The network fee is charged by blockchain miners to confirm transactions. This varies based on network congestion and the specific cryptocurrency being purchased.

The platform guarantees that all fees are disclosed upfront during the transaction process, with no hidden charges added later. When you make your first crypto buy, you don’t pay their usual commission. They’ll just charge you for the card processing and network fees.

What Can You Buy on Paybis?

The Paybis crypto platform supports over 80 cryptocurrencies, focusing on established and liquid digital assets. They regularly add new coins based on market demand and regulatory compliance. Some examples include:

How To Set Up a Paybis Exchange Account

If you want to try out the platform for yourself, here’s what you need to do:

  1. Visit the official website or download the mobile app from the App Store or Google Play
  2. Click “Sign Up” and enter your email address and create a secure password
  3. Verify your email address through the confirmation link sent to your inbox
  4. Complete identity verification (KYC) by uploading a government-issued photo ID
  5. Provide a selfie for likeness verification and proof of address if required
  6. Set up two-factor authentication for enhanced security
  7. Choose your preferred payment method and complete your first transaction

Most identity verification is processed instantly, though manual reviews may take up to 60 minutes in some cases. Once verified, you can immediately start buying cryptocurrencies.

Final Thoughts: Is Paybis Worth It?

If you want a simple, hassle-free way to buy and sell crypto with everyday payment methods, Paybis delivers exactly that. You can set up an account, verify your identity, and start purchasing coins in just minutes. There’s no need to dig through complex order books or master trading tools to get started.

If you’re looking to trade countless coins, hunt for the lowest fees, or use advanced tools like margin or futures, you might be better off exploring other exchanges. This platform is best for beginners, occasional buyers, and anyone who values convenience and a straightforward experience. For reliability and flexibility in payments, this is a great choice to kick off your crypto journey.

Why You Should Trust CryptoVantage: How I Reviewed Paybis

The CryptoVantage methodology for rating the best crypto exchanges on the market incorporates different aspects of the digital asset trading experience. Some of the things we look at include:

  • Trade volumes and asset availability
  • Trading features and tools
  • Security
  • Transparency, reputation, and support
  • Fees and added costs
  • Ease of use

FAQs


Yes, they maintain strong safety measures including FinCEN registration, cold storage for funds, mandatory 2FA, and comprehensive KYC procedures. Their 4.2-star Trustpilot rating from over 20,000 reviews further indicates such customer satisfaction.


Yes. They are registered with FinCEN and licensed to operate in 48 US states, excluding only New York and Louisiana.


Yes. They are registered with FinCEN and licensed to operate in 48 US states, excluding only New York and Louisiana.


Payment methods include credit/debit cards, bank transfers, PayPal, Skrill, Neteller, Apple Pay, Google Pay, and various regional payment systems, depending on your location.


The minimum purchase amount is $5 for most cryptocurrencies. Maximum limits vary by payment method and user verification level, with some methods supporting transactions up to $500,000 daily.


No, they don’t support margin trading, futures contracts, or advanced trading features. They focus exclusively on simple buy/sell transactions between fiat currencies and cryptocurrencies.

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About the Author

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.

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