Paybis review: Best Exchange in the World?

When looking for an exchange to buy and sell Bitcoin and other cryptocurrencies, you want to make sure that you find one that is simple, easy to use, and has a streamlined experience. Paybis allows you to do just that by allowing you to buy Bitcoin with just a credit card instantly.

Company Summary

Paybis is a UK based Bitcoin and cryptocurrency exchange. Started in 2014 by Innokenty Isers and Arturs Markevics, their sole mission is not to be the largest or most popular cryptocurrency exchange, but being the most trust and responsive platform in the market.

With so many other options out there in the marketplace, what makes Paybis any different than the rest?  The differentiators are their:

  • High Limits of Spend. 
  • Faster Payouts. 
  • Global Payments. 
  • No Hidden Fees. 
  • Quick ID verification. 
  • 24/7 Live Customer Support.  

Paybis Review Breakdown

The biggest challenge with many of these exchanges is that there are way too many steps needed to get your Bitcoin on their platform including long KYC processing time and absolutely little to no customer service. 

Paybis will work for you if you’re looking to sign up to your first exchange or if you are looking to set up an exchange that requires little time and stress to get set up.

However there are definitely important tidbits for you to know before you get an account created with this exchange. 

Restricted Countries and Jurisdictions

Although Paybis’ platform appeals to a worldwide audience there are many locations that they currently do not operate within. In the United States, residents from New York and Hawaii will not be able to use Paybis exchange. The list of other countries with this same restriction are able to be found here

What Cryptocurrencies Can I Buy From Paybis?

Paybis allows their users to purchase any cryptocurrency on their platform directly through the payment method of their choosing. 

The list of the currencies that you could buy from Paybis are: 

  1. Bitcoin
  2. Litecoin
  3. Bitcoin Cash
  4. Ethereum
  5. Ripple (XRP)
  6. Neo
  7. Stellar Lumens
  8. Tron
  9. Binance Coin

Regulations Paybis Will Go Through

To set things straight, you will still have to go through the KYC process with Paybis as they are required to follow international AML agreements, but you are provided the benefit of having a verification process that is usually conducted within 15 minutes, upwards to 24 hours in rare cases.

In standard cases, they will be able to take your International Passport as supporting documentation.

Examining Paybis Exchange Services

Private Exchange Service

Paybis allows you to privately purchase Bitcoin and other cryptocurrencies on their platform all through the use of a credit card or debit card. Unlike most other exchanges, Paybis does not allow you to store your funds on their platform. 

This is a good thing because the biggest danger involved with exchanges is getting hacked and you absolutely don’t want to leave your money on there for a short or long period of time.

Once you have your own Bitcoin Wallet, whether it be a soft or hard wallet, you are able to start a new transaction on Paybis, enter your BTC address for funds to be sent to, then pay with your card. Quickly and easily all through their platform.

Paybis Business Liquidity Service

Paybis has set themselves up to be a wonderful man in the middle when it comes to your need for liquidity for any sort of business or transaction platform. This is a really good idea if you are in need for a pre-built infrastructure to conduct your transactions.

This works by using Paybis API and integrating with your current business back end and whenever funds are paid to you in cryptocurrency, Paybis will be able to process the currency and have it available for access.

Do you think that you’ll want to accept Bitcoin as a form of payment one day? Then you should definitely give Paybis a chance as they are fully compliant, eligible in over 190 different countries, and manage the entire AML, KYC, and Anti-Fraud stack for you through their platform.

Paybis Features & Benefits


Is Paybis Safe to Use?

Yes, Paybis is very safe to use. Their entire platform is built around protecting you as the individual and protecting themselves as a company. They take very great care to ensure that everything done within their exchange is secured by TLS Protocol and simple enough to use to ensure no mistakes are made.

Deposit Methods

Which Payment Methods Are Accepted?

Paybis exchange allows you to purchase cryptocurrencies with a multitude of payment methods at this time such as Credit card, Debit Card, Direct Bank Account, Neteller, Skrill, and even their own Paybis Gift Card. The idea behind this is that they want to make it extremely easy for their users to buy Bitcoin in whatever method that most benefits them.

The company uses a third-party to host transactions called Simplex. Simplex helps them to make transactions quick and simple then once paid and confirmed, the Paybis portal will facilitate sending you the money thereafter.

How Fast Will My Funds Be Available?

The payment is processed instantly by Simplex and then Paybis processes the sending of Bitcoin to you shortly after. As long as you keep your wallet open, you should be able to see the cryptocurrency available within 5 – 10 minutes. 

This is how easy the exchange process with Paybis works. The simplicity that Paybis captures is what makes it a great platform to use if you are trying to get into Bitcoin as easily as possible.


Paybis Purchasing Fees

Buying Fees

In all of the buying transactions associated with Paybis, you can expect to see certain fees with the platform. Those fees are:

  • Paybis Service Fee
    • This fee is not included on the first transaction that you have with Paybis, but will be prevalent every time thereafter
  • Credit Card/Debit Card Transaction Fee
    • This fee is associated with using your card on the transaction. Average fee is 6.99%, potentially ranging from 8.99% dependent on the local currency you’re using
  • Payment Processing Fee for Simplex
    • This fee will be done on every purchase of cryptocurrency that you do with Paybis.
  • Bitcoin Network Fee
    • The network fee is the fee that Paybis pays to deliver your Bitcoin. This is due to transaction fees that are paid out to the miners for confirming your transaction.

Hidden Fees/Uncontrollable Fees

If you decide to use your credit card on purchases and have either Visa or MasterCard then there is a chance that certain fees can be applied by one of these institutions: 

  • Cash Advance Fee: 
    • Visa/MasterCard has considered all cryptocurrency transactions as cash advance transactions so they may include an extra fee (up to 5%) for purchasing cryptocurrencies with credit. Unfortunately, Paybis has no control in this specific situation.
  • Exchange Rate Fee:
    • Exchange rate fee is dependent on how your credit card or debit card issuer decides to charge you for converting the currency on your bank account in EUR, USD, or GBP. This rate of exchange can potentially affect your purchase as well.

The Real Review: Should You Try Paybis?

Paybis is helping to make it easier for people to buy Bitcoin in a quick and simple way. No question about that. If you are looking for an exchange that does what it says and makes it easy to make a currency conversion, then you are at the right place.

Using Paybis is a breeze and that is an understatement! Getting something that simply just works is not common these days and Paybis prides itself on giving you the best solution to buy Bitcoin as user-friendly as possible.

The biggest con that I could place on Paybis is that they aren’t very transparent with how the fees are being calculated in their system, but they will be able to get you a solid deal on your cryptocurrency if you do it right!

Interested in trying out Paybis? The first transaction has no Paybis fee by the way! Check it out below!