Paybis

Paybis Review

Paybis makes using a credit card to buy Bitcoin way easier. The company was founded in 2014, and it is one of the fasted-growing cryptocurrency platforms out there currently. Experienced professionals from many different industries work to make Paybis as efficient as possible. The exchange currently has over 50,000 customers and also has a valid MSB (Money Service Business) in the US.

Paybis’ MSB license and credit card payment option make it very unique among current trading outlets. However, that’s not all that makes Paybis stand out. Its security, exchange rate and fees, and trading options all make this broker successful. Though only in business for a few years, Paybis’ future is bright.

How Paybis Works

First, you must prepare the wallet in which you want to receive your purchased Bitcoins. If you don’t have a wallet, you will have to create a new one. Electrum, Blockchain, and Trezor are all wallets that the exchange itself recommends. After creating this wallet, you will need to get the address for it. After doing this, you can buy Bitcoin using a credit or debit card. Visa and MasterCard are both accepted.

First, you must enter the amount of Bitcoin you plan to purchase. You need to specify either the USD amount you are purchasing or the Bitcoin amount that you’ll be buying with your credit card. You can also simply specify what you’re willing to pay. If this is your first transaction on Paybis, you’ll have to undergo a verification process, which requires personal information, an address, and an uploaded ID document. This process usually takes under fifteen minutes. If this is not your first transaction, you don’t need to verify and can buy Bitcoin easily. Once you verify, you can immediately buy Bitcoin.

Security at Paybis

Security at Paybis is tight. For example, after you’ve uploaded your information, you cannot even review your uploaded documents. In terms of retention of your personal information, and only keeps it on there for as long as necessary. This encrypted site allows only authorized personnel to access your account.

Exchange Rate & Fees

Rates and fees depend on what you are trading with. Bitcoin’s commissions range from -5% to 8%. Credit card exchange rates recently dropped, further encouraging people to purchase Bitcoin using this method. The rates for credit cards are 5%, a large drop from the previous fee.

Paybis Special Features

• Ability to pay for Bitcoin with a credit card
• Low to zero commissions on some Bitcoin trades
• 24/7 customer support
• Federal MSB license in the US
• Enhanced security of personal documents

Ease of Use

Paybis.com website is easy to use. After logging in, it is clear to see where you are supposed to trade. On the upper right-hand side, you can see the “Buy” and “Sell” options laid out. Paybis also has some of the highest limits in the industry. For example, with a credit card, your limit is over $6,000 per week. With a bank transfer, it is $15,000. These limits make Paybis easy to use and unique. 24/7 customer service is available via phone and email. The top countries supported include Germany, the US, Russia, Canada, the UK, Ukraine, Belarus, India, France, and Australia.

Buy/Sell at Paybis

To buy and sell there are a multitude of different payment options, all of which have, as stated above, high withdrawal limits. You can sell using a credit card, SEPA bank transfer, Bitcoin, Perfect Money, Payeer, Payza, Advanced Cash, Paymer check, Yandex, Amazon gift card, Walmart gift card, and OK Pay. You can buy Amazon gift card, SEPA bank transfer, Bitcoin, Perfect Money, Payeer, PayPal, Litecoin, Payza, Advanced Cash, Paymer check, OKMoney, Yandex, and Skrill. For some of the options, both European and US schemes are available, making Paybis inclusive to all.

Bottom Line

Paybis is easy to use and unique, offering some of the highest limits available, as well as the option to buy Bitcoin using a credit card, something that many other trade sites have yet to offer. With dedicated customer service and a wide range of payment options, Paybis is definitely a great choice for any investor.

To see how Paybis ranks against other industry-leading crypto exchanges and cryptocurrency trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.