Can you trust Paybis your money? Read about it in our detailed Paybis review
Paybis Review 2021: Can You Trust This Exchange?
Paybis is one of the most popular cryptocurrency exchanges, which was launched back in 2014. On the website, you can buy, sell, or exchange popular cryptocurrencies with a minimum fee and very quickly. Paybis is a convenient online platform where you can buy bitcoin conveniently and securely. All you need to do is credit or debit card, bank transfer, SEPA, Skrill, or Neteller.
Initially, the company's priority was not transaction volumes or the number of users, but security and adaptability. The exchanger has a clear and simple design, which is suitable for both beginners and experienced users. Another important advantage is the constant updating of the cryptocurrency sale and purchase rates.Currently, more than seven hundred thousand clients are users of the exchanger, and their number continues to grow.
The undoubted advantage of the exchanger is the ability to use Visa/Mastercard credit and debit cards. The service declares zero fee for the first transaction and the lowest commissions in the world!
Also, the site declares a high degree of safety of operations and speed of work. Verification is required to carry out financial transactions.
To create an account on the Platform, click the "Register" button in the upper corner of the Paybis website. After that, a simple form for submitting information will open:
Paybis - Registration - Step 1
Fill in the fields provided and click "Register," after confirming that you are familiar with the terms and policies of the resource.
Registration is also available using social media accounts: Facebook and Google. Choose whichever is more convenient for you.
If everything is done correctly, you will receive further instructions by email.
Registration takes just a few seconds. All you need is email. You can create an account for free and without verification of your identity within the framework of KYC. But for making financial transactions, verification is mandatory.
Identity verification is required on the Paybis cryptocurrency exchanger:
Without verification on Paybis, you will not be able to buy, sell, or exchange Bitcoin (BTC, Bitcoin) or other cryptocurrencies.
The procedure known as KYC (Know Your Client or Know Your Customer) aims to verify your identity, similar to that required by banks. Verification takes a few minutes.
Paybis - Personal Account - Toolbar
After clicking the "Verify" button in the Personal Account menu, you will be prompted to select the main country of residence and enter the required data.
To verify your identity, you will need to provide personal data:
- An electronic copy of your passport or other government-issued ID. The document shown in the photo must be an original, not a copy, and also be valid (not expired).
- Take and upload a selfie of your face.
- Confirm residential address.
The service strives to ensure that the verification process on Paybis does not take much time and the entire procedure can be completed within 5 minutes.
Now, let's quickly go through the steps of the exchange procedure (buy/sell):
- Step 1 - Go and log in to the Paybis website
- Step 2 - Registration of a transaction is possible both on the Home page and in the Personal Account. Select how you want to pay (by default, the system will offer you to pay from the card in the currency of the country from which you are making the transaction). Paybis accepts over forty currencies. Indicate which cryptocurrency you are going to buy.
If, on the contrary, you want to sell cryptocurrency, then indicate its title and quantity in the left cell, and the currency and method of payment in the right one.
- Step 3 - To buy cryptocurrency, you will need to specify your wallet. If you will sell cryptocurrency, indicate your card or details for crediting funds.
If you pay for your purchase with a card, do not forget to make sure that you have access to online transactions for the amount you specified and in your chosen currency. Otherwise, the bank will not miss the financial transaction. For authorization, the system will withdraw $0.01 from you, but this money will be returned to the card rather quickly.
It will take no more than 15 minutes to buy/sell.
The service has high limits: within a week, you can carry out transactions worth up to $20,000. The monthly transaction limit must not exceed $50,000.
Paybis declares the lowest commissions for buying or selling cryptocurrencies in the world. However, this does not mean that transactions are completely free. In addition, if you sell bitcoins on Paybis, then you may be charged a bank commission and a fee for carrying out a crypto transaction, which you can see and select when transferring a cryptocurrency. The latter is charged directly from your bitcoin wallet.
The amount of the fee is displayed at the time of the transaction and depends on the selected cryptocurrency and payment methods.
Paybis, like any platform that works with cryptocurrencies, strives to ensure that the assets and funds of its users are preserved.
Security on the Peibis exchanger is a priority.
Anti Fraud Detection:
- Verification with secure storage of personal data.
- Internal algorithms for hardware and digital protection.
- The traffic is protected by SSL / TLS encryption.
The Paybis platform has been operating on the market for a long time and has established itself as a safe and reliable cryptocurrency exchanger. The main pros of Paybis include:
- The world's highest limits
- Instant payouts
- No hidden fees
- Payment from anywhere in the world
- 5-minute identity verification
- Online support 24/7/365