Paybis is a cryptocurrency exchange and fiat‑to‑crypto gateway that has been operating since 2014. Known for its simplicity and wide payment method support, it serves both beginners and experienced users across 180+ countries. This guide provides a detailed breakdown of Paybis's fees, security practices, asset coverage, liquidity, and other key factors to help you decide if it fits your needs.
Paybis is a cryptocurrency exchange and fiat‑to‑crypto gateway established in 2014. The company is incorporated in the United Kingdom and serves customers in over 180 countries. Its core offering is a simple, user‑friendly platform that allows users to buy, sell, and trade cryptocurrencies using a wide range of payment methods.
Paybis positions itself as a bridge between traditional finance and the crypto ecosystem. It is particularly popular among beginners due to its intuitive interface, fast onboarding, and multiple payment options, including credit/debit cards, bank transfers, Apple Pay, Google Pay, and Skrill.
Paybis has processed over $4 billion in transactions and claims to have served more than 2 million customers globally. It has been featured in various publications, including Forbes, and has built a reputation for providing a quick and easy way to enter the cryptocurrency market.
Paybis's fee structure is relatively straightforward but varies significantly by payment method and region. Understanding these costs is essential before making a transaction.
Paybis charges a transaction fee that is added to the exchange rate. This fee is not displayed as a separate line item during the purchase flow; instead, it is baked into the final price you see before confirming the transaction. The fee depends on the payment method:
In addition to the transaction fee, Paybis applies a spread — the difference between the market price and the price offered to the customer. The spread is typically 1% – 2% above the mid‑market rate, though this can vary based on market volatility and the asset being purchased.
When withdrawing cryptocurrency from Paybis to an external wallet, network fees (gas fees) apply. These fees are not controlled by Paybis and are determined by the blockchain network. Paybis does not charge a separate withdrawal fee on top of network fees, but the minimum withdrawal amounts vary by asset.
Paybis does not charge fees for depositing fiat currency into your account. However, your bank or payment provider may charge fees for international transfers or currency conversion.
Paybis supports a range of cryptocurrencies, though its selection is smaller than that of major exchanges like Binance or Kraken.
Paybis offers the following major cryptocurrencies:
The asset list is subject to change, and some assets may not be available in all regions.
Paybis is not a traditional exchange with an order book. Instead, it operates as a brokerage model: you buy and sell at prices set by Paybis, which sources liquidity from multiple exchanges and liquidity providers. This means you may not get the absolute best market price, but you benefit from simplicity and convenience.
For most popular assets (BTC, ETH, USDT), liquidity is sufficient for retail purchases up to several thousand dollars. For less common assets or larger amounts, you may experience wider spreads or limited availability.
Security is a critical consideration for any cryptocurrency platform. Paybis has implemented several measures to protect user funds and data.
Paybis operates under a regulatory framework that varies by jurisdiction. Understanding its compliance status is important for assessing trustworthiness.
Paybis requires identity verification for all users. The KYC process typically involves:
Verification times vary from a few minutes to several hours, depending on the volume of applications and the completeness of submitted documents.
Paybis is designed with simplicity in mind. The platform is accessible via web and mobile browser, and there is also a dedicated mobile app available for iOS and Android.
The interface is clean and straightforward, with clear buy and sell buttons. It is ideal for beginners who may find more advanced exchanges overwhelming. The platform supports multiple languages, including English, Spanish, Portuguese, and others.
One of Paybis's standout features is its extensive payment method support:
Paybis offers customer support via:
User reviews generally praise the platform's ease of use and quick transaction times. However, some users report that the fees are higher than on competing platforms, and that verification can sometimes be delayed.
This table compares Paybis with other popular fiat‑to‑crypto gateways and exchanges to help you evaluate which platform best suits your needs.
| Feature | Paybis | Coinbase | Binance | Kraken | MoonPay |
|---|---|---|---|---|---|
| Founded | 2014 | 2012 | 2017 | 2011 | 2018 |
| Payment Methods | Cards, bank transfers, Apple Pay, Google Pay, Skrill, Neteller | Cards, bank transfers, PayPal | Cards, bank transfers, P2P, many others | Cards, bank transfers, wire | Cards, bank transfers, Apple Pay, Google Pay |
| Fee Range (Approx.) | 2.5% – 5% | 1.5% – 4% | 0.1% – 0.5% (trading) + deposit fees | 0.16% – 0.26% (trading) + deposit fees | 1% – 3.5% |
| Asset Coverage | 15+ major coins | 250+ | 350+ | 200+ | 100+ |
| Order Book | ❌ No (brokerage) | ✅ Yes (advanced) | ✅ Yes | ✅ Yes | ❌ No (brokerage) |
| Regulated | UK, Lithuania (EU) | US (NYDFS), UK, EU | Multiple jurisdictions | US (FinCEN), UK, EU | UK, EU, US |
| Best For | Beginners, quick purchases | Beginners, US users | Active traders, advanced users | Active traders, security‑focused | Beginners, fast on‑ramp |
Fees and features are approximate and subject to change. Always verify current information on the platform's official website.
Alex is a UK‑based professional who has decided to invest £500 in Bitcoin. He has never bought cryptocurrency before and wants a simple, fast process.
Alex's experience:
Outcome: Alex successfully bought his first Bitcoin in under 30 minutes. He paid a premium for convenience but valued the simplicity and speed of the process.
Alternative: If Alex had used a full‑service exchange like Kraken with a bank transfer, he might have paid lower fees (0.5% – 1%) but would have waited 1–3 days for the funds to settle.
Lesson: Paybis is ideal for beginners and quick purchases, but the cost is higher than using a traditional exchange. Choose based on your priorities: speed and simplicity vs. cost savings.
Using Paybis or any cryptocurrency exchange carries significant risk, including the potential for total loss of capital.
This article does not provide personalised financial, legal, or tax advice. The information is for educational purposes only. You should conduct your own research, verify all data from current and reliable sources, and consult with a qualified professional before making any decisions. Never invest more than you can afford to lose.
Yes. Paybis is incorporated in the UK and holds a Virtual Currency Exchange Operator license from the Bank of Lithuania. It complies with KYC and AML regulations in the jurisdictions where it operates.
Paybis accepts credit and debit cards (Visa, Mastercard), bank transfers (SEPA, SWIFT, ACH), Apple Pay, Google Pay, Skrill, and Neteller. Availability may vary by region.
Paybis charges a transaction fee that ranges from 2.5% to 5%, depending on the payment method. There is also a spread of approximately 1% – 2% above the market price. Bank transfers are generally the cheapest option.
Once you have completed KYC verification and funded your payment method, the transaction is usually processed instantly for card payments and digital wallets. Bank transfers may take 1–3 business days.
Yes. You can withdraw your cryptocurrency to any external wallet. The withdrawal is subject to network fees (gas fees) and Paybis may have minimum withdrawal amounts.
Paybis is available in many countries, but its availability in the United States is limited. Certain states have restrictions due to local regulations. Check the platform's official website for the most current availability information.
Paybis requires a government‑issued ID (passport, driver's license, or national ID), proof of address (utility bill or bank statement), and in some cases, a selfie or video verification. The process typically takes a few minutes to a few hours.
Yes. Paybis has a dedicated mobile app for both iOS and Android, which allows you to buy, sell, and manage your crypto holdings on the go.