Paybis Review – Solid Service Trusted By Many Traders
Paybis Review – Solid Service Trusted By Many Traders

While not the best and most popular cryptocurrency exchange service out there, this company has managed to create a solid base of trusty users. The firm sports solid regulation, and even better reputation among its clients.

Without further ado, let’s examine the pros and cons of this exchange, and see whether it’s the right service for you in our Paybis review. 

Regulated by: FinCEN
Is This Company Safe? Yes, being well-regulated, this firm is considered to be safe
Known Websites:
Have Warnings from: N/A
Registered in: Poland
Operating since: 2014
Trading Platforms: Web and mobile – proprietary
Maximum Leverage: Leverage unavailable
Minimum Deposit: Not available
Deposit Bonus: No
Trading Assets: Crypto
Free Demo Account: No
How to  Withdraw from This Company? Transactions should be swift and safe, but if you’re having issues contact our legal professionals for support.

Who is Behind the Firm?

Paybis exchange was first established in 2014, by Innokenty Isers and Konstantins Vasilenko. The website didn’t attract particular attention all the way until 2021, when the firm processed more than 1.5 million transactions. The growth started fast and lasts until today, when the firm operates via several regulated branches. 

In the US, the firm is registered as PAYBIS USA LTD and is an MSB registrant, therefore licensed to offer crypto exchange services. In Lithuania, the firm operates as a partner of UAB “Finansinės paslaugos “Contis”, licensed by the Lithuanian Bank.

The firm’s official headquarters are in Warsaw, Poland, where the business is legally incorporated under the name of PAYBIS POLAND LLC. However, they’re not licensed by KNF there – a jurisdictional regulator.

Who Uses The Service?

The domain is instrumental for the entire cryptocurrency service. It was established in May 2014, and continues to enjoy a steady influx of new clients.

This is in no small part due to numerous social networks like Facebook, Instagram, X, TikTok, YouTube and LinkedIn. The client base consists mostly of the residents of these areas:

  • United States
  • United Kingdom
  • Canada
  • Germany

It’s important to note that many different Paybis scams are trying to piggyback on the success of this platform. There are dozens of fake sites, all with slight differences in the name and top-level domain. If you believe to have invested with any of these con sites, contact our experts for help.

Traders Are Satisfied

Seeing the online comments about the firm, we can say that the users are satisfied with the service. The TrustPilot page hosting Paybis reviews currently has over 20,000 separate ratings, with an overall trust score of 4.2 stars.

Mostly, the clients critical of the platform complain about fees being higher than the current industry average. Some, however, are advising other users of the existence of copycat scammers we mentioned previously.

Firm Boasts Lower Industry Fees

There’s only two types of fees applied:

  • Service Fee
  • Network Fee

The first represents the commission that the firm charges for facilitating payments. These charges can vary depending on payment method, transaction amount and currency. Bear in mind that bank transfers in EUR, USD, and GBP produce lowest fees. On the other hand, network fees are charged by miners to enable transactions on the blockchain. 

For example, if you want to spend $100 to buy BTC, you will pay around $7 service fee and around 0.7 network fee.

Affiliate Benefits

One of the main features affiliates can enjoy is 20% commission on every purchase their referrals make. Conditions to participate are easy: sign up and share your affiliate link. The program also includes tiered referrals, not only direct ones, so that’s another source of additional income.

Comprehensive and User-Friendly Tools

Wide range of currencies, easily navigated exchange panel and wallet options are just some of the notable features. In addition, diverse payment methods and global coverage are also something the company prouds on. Let’s dive into the complete offer!

Buy/Sell Terminal

Intuitive and quite easy to use, the widget that facilitates the buying and selling of digital currencies could be used even by total beginners.

After entering the amount you wish to spend, you can immediately choose the payment method you’re most convenient with from the drop down menu. All of the processing is instantaneous and for additional ease of use, Paybis app is available on Google and Apple stores. 

Rich Choice of Currencies

The total number of available digital currencies is 89. That includes Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Stellar, Binance Coin, Dogecoin, TRON, Tether, and others. 

As for the FIAT currencies, most often used ones are EUR, USD and GBP, but among 48 in total, others like CAD, AUD, CHF are also supported.

Paybis Wallet

The exchange supports its own custodial wallet feature. The main benefit of using it lies in the convenient way to buy and sell currencies and manage your keys. 

In order to enable this tool, you first have to create a Paybis login, of course, which will give you access to using the wallet completely free of charge.

Verification Steps

During the Paybis sign up, after each step and the details entered, you’ll have to verify the shared data is indeed your own. 

That means undergoing email and phone confirmations, as well as identity verification right after that. However, right after this step comes a facial confirmation, completed with the help of your camera. Once you pass the Paybis verification, you can fully use all site features.  

Safety of Transactions

While there’s risks with placing funds in custodial wallets, the firm mitigates this by employing Fireblocks, known for strong security and protection. In addition, the detailed KYC ensures the misuse of authorization is impossible.

Common methods used for purchasing and selling crypto coins are:

  • Bank wire
  • Credit cards
  • E-wallets (Neteller, Skrill, Astropay) 

Some channels may be not available, depending on the currency and region of the user.

Several Support Options

Clients finding themselves struggling with anything related to the usage of any of the website features can get help from the Paybis customer service. Here’s several ways to establish contact:

  • Emails (for each department)
  • Support portal (comprehensive database of questions and answers)
  • Online chat (chatbot by default, but can call for an agent)

Can I Recover Money From Fraudulent Services?

Paybis crypto service is well regulated. The popularity that this crypto exchange has achieved has unfortunately influenced various impersonators to create copycat scam sites.

If you believe you’ve been swindled by any of these con artists, or that the Paybis legit company is not playing by the rules, contact our legal experts. With our help, you can still recover the lost funds! 

FAQ Section

What is Paybis?

The company is an established crypto exchange portal, well regulated and preferred by countless traders.

Is Trustworthy?

Considering the firm is licensed by FinCEN as an MSB registrant, we can consider them safe. However, always be alert and contact us in case of any payout issues.

Can I Withdraw Money From Paybis Wallet?

If you encounter issues with withdrawal, contact the company customer support. If they fail to help you, you may always opt to book a free consultation with our recovery experts.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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