Paybis Review: Is It Worth It?

The complexity of blockchain technology and digital currencies can be a significant barrier for the average person. Cryptocurrencies operate on principles that are different from traditional banking and require a basic understanding of concepts like blockchain, digital wallets, and encryption.

The integration of fiat and crypto economies is essential for wider adoption. The majority of the global population deals in fiat currency for their daily transactions. To bridge the gap between the traditional financial world and the emerging digital currency space, it's vital to have seamless and user-friendly channels that can convert fiat to crypto and vice versa. These channels, or onramps, serve as the vital link that brings the benefits of cryptocurrencies, like decentralization and reduced transaction fees, to a broader audience.

Paybis is a cryptocurrency on/off-ramp that addresses the challenge of easy and seamless crypto acquisition through global and local payment methods.

Disclaimer: We want to emphasize that this is not financial advice. Cryptocurrencies operate in a volatile market, where values can drastically fluctuate in a blink of an eye. It is imperative to conduct thorough research and seek guidance from a qualified financial advisor before investing.

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    Paybis Review

    Background and History

    Paybis is a global cryptocurrency on/off-ramp that offers services in over 180 countries and supports nine different languages. It was established in 2014 with offices in Riga, Latvia.

    The platform is designed to facilitate the buying and selling of cryptocurrencies using various payment methods, including bank transfers, credit cards, debit cards, Apple Pay, Google Pay, ACH, Neteller, and others.

    One of the key aspects of Paybis is its support for a wide range of cryptocurrencies, over 80 in total, including many of the top 20 cryptos by market cap.

    However, it's important to note that while Paybis supports the sale of popular cryptocurrencies like XRP, BNB, and TRX, this functionality does not extend to all tokens. Some lesser-known tokens can only be purchased and not sold through Paybis.

    Paybis is known for its user-friendly interface and aims to provide a simple and intuitive experience for its users. This includes a straightforward signup and account verification process, bolstered by Transport Layer Security (TLS) to ensure the safety of data transmission.

    The platform also offers a first transaction without any fees, although subsequent transactions incur charges.

    Despite its global reach and ease of use, Paybis has some limitations and downsides. The fees may be high depending on the transaction, and its trading functionality is limited compared to other exchanges as it is an on-ramp. To counter that, Paybis occasionally provides its customers with promo codes that bring down the fee.

    Main Features

    Wide Array of Payment Methods

    Paybis boasts about 80+ payment methods for customers looking to purchase cryptocurrencies (from stablecoins to meme coins). Popular payment methods include credit/debit cards, Apple Pay, and bank transfer. The platform also offers localized payment methods like GCash, GrabPay, Skrill, and M-Pesa.

    Complaint with International Regulatory Bodies

    Paybis is completely compliant with AML and KYC laws covering the USA and EU that covers a huge demographic area.

    24x7 Multi-Lingual Support

    Paybis supports 9 languages and offers 24z7 customer support in multiple languages that ensures that its users can access the platform seamlessly.

    Seamless Access

    You can access the platform on all your mobile devices and computers using their mobile and web applications respectively.

    Real-Time Crypto Assessment

    The real-time crypto assessment ensures that you get the live prices of all major cryptos without any delay which becomes helpful when you are live trading.

    Secure On Chain Wallet

    The Paybis Wallet is an on-chain wallet built using MPC technology that ensures the safety of your funds. So, users do not require a wallet to get started, Paybis creates ones by default for them, which can be accessed from anywhere in the world by logging into the website.

    Other Services

    Paybis also offers a white-label crypto on/off-ramp product to businesses.

    Following the successful introduction of its crypto on-ramp platform and cryptocurrency wallet, which have already helped onboard millions of users, Paybis has developed this new offering to further streamline the crypto user experience.

    The white label on/off-ramp solution from Paybis is geared towards redefining the user experience in cryptocurrency transactions. It places a strong emphasis on simplifying the process of entering the Web3 space, especially for new users, by offering a frictionless verification process and a DocumentLess KYC (Know Your Customer) flow for transactions up to $2,000.

    How to Buy Crypto on Paybis

    Step 1: Create a free Paybis account

    The first step in this journey is to create a free Paybis account, which generally takes a maximum of 5 minutes. To achieve this, you only need a valid email address and phone number to log in. 

    Furthermore, you might have to go through the KYC process depending on your location, mode of payment, and the amount of crypto you wish to buy.

    Step 2: Enter your crypto purchase amount

    Now, you have to enter the amount of crypto that you want to buy. You can even enter the amount of fiat that you wish to spend. The platform will instantly convert the amount to crypto.

    Moreover, there are no hidden fees. So, the amount that is displayed to you is the final amount that you have to spend. 

    Step 3: Select your wallet

    Next, you will be prompted to choose a wallet. By default, the Paybis Wallet is selected. Paybis Wallet is an on-chain MPC wallet that you can instantly access by logging into your Paybis account — all your funds are safe and are verifiable via any blockchain explorer.

    Alternatively, you can select to enter your wallet address (if you have one). Make sure you enter the right address — wrong input may lead to permanent loss of funds.

    Step 4: Complete the transaction

    The final step is to pay for your selected amount to get the crypto in your wallet. You can do this easily through your Debit and Credit card.

    Additionally, you can also complete your transaction using other payment methods like Apple Pay, Google Pay, Skrill and PIX, etc.

    Payment Methods

    According to Paybis, you can complete your transactions through 80+ payment methods. These modes include the most prominent options, including debit card, credit card, Apple Pay, Google Pay, Skrill, and PIX amongst several other options.

    Paybis also supports many external wallets that make it super easy to complete transactions. Furthermore, you can get your hands on crypto by spending as low as $5 (for select payment methods), which is a plus for new crypto users.

    Here’s a list of popular payment methods for Paybis users:

    • Credit cards
    • Debit cards
    • Bank transfer
    • Instant ACH (ACH transfer but with fast processing)
    • Apple Pay
    • Google Pay
    • Skrill
    • Neteller
    • PIX
    • SPEI
    • GCash
    • GrabPay

    Paybis Pros & Cons


    • Enhanced Security

    From fast-track security checks and resolutions, Paybis boasts about enhanced security measures.

    • Variety of Choices

    From 80+ payment methods, around 100 cryptos and stablecoins, and 100+ payment-supported fiat currencies, Paybis has something for everyone.

    • Government Compliance

    Paybis has multiple government complaints covering the EU and USA, making it easy for native crypto users to transact.

    • Extensive Customer Support

    With multilingual and 24·7 customer support, Paybis ensures instant solutions to all challenges.

    • Great Customer Reputation

    With over 20K TrustPilot reviews with an average score of 4.3, Paybis has a great market reputation. It also has 7 years of sustainable growth to add to its merit.

    • Automatic Payment Fallbacks

    Failed payments automatically ‘fallback’ to the next best option based on the customers’ profile and data, considering their region, KYC-status, and the payment method they chose initially.

    • Support Major Devices 

    Paybis application is available on iOS and Google Play making it accessible on all mobile phones. Moreover, Paybis is easily accessible on all systems through its application.


    • Lack of Trading Pairs

    Even though Paybis supports several crypto and stablecoins, it still needs to add more trading pairs to its portfolio.

    • Difficulty in Selling Altcoins

    Withdrawals on the platform remains a core challenge. While you can sell Bitcoin on the platform, you cannot make withdrawals, which is a dealbreaker for many crypto users.

    • A limited Number of Cryptocurrencies

    While they have numerous cryptocurrencies (150+) that you can add to your portfolio, there is still scope to add more options to the platform.

    Paybis Review: Verdict

    Paybis has carved a niche for itself in the crypto world. While there are numerous challenges that it needs to resolve, the overall pros make it popular among the crypto community. 

    Paybis presents itself as a user-friendly and accessible platform, especially appealing to those new to cryptocurrency trading. Its global reach, covering over 180 countries and offering services in multiple languages, makes it a versatile option for a wide audience.

    While the transparency of its fee system is commendable, users might find the trading, deposit, and credit card processing fees a bit steep, especially for frequent traders or those making small transactions. To maximize their bang for the buck, users can scour the internet or Paybis’ social channels for promo codes — this will reduce the fee levied on transactions.

    Customer support is another area where Paybis shines. The availability of multiple channels for support, like live chat and 9-language support, underscores their commitment to user satisfaction and responsiveness.

    • Overall Score

    Paybis Review 2
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