A Complete Beginner’s Guide to Paybis Crypto Exchange

Are you looking for a beginner-friendly crypto exchange? If so, you might want to check out Paybis. Although the platform’s crypto offering is limited, novice traders still find it useful due to its simple user interface. To help you determine whether Paybis is the right exchange for you, we have prepared this guide, which analyzes various aspects of the trading platform.

Understanding Paybis

Established in 2014, Paybis is a popular centralized exchange with its headquarters in Poland. The platform’s leadership comprises co-founder Innokenty Isers, who acts as CEO, co-founder Konstantin Vasilenko, and Chief Technology Officer Andrew Moisejev.

Paybis is a highly regulated exchange. In the United States, it has secured a license with FinCEN and is registered as a Virtual Asset Service Provider in Poland. As a regulated trading platform, Paybis has witnessed significant adoption in recent years.

What Cryptocurrencies Can You Trade on Paybis?

As a Paybis user, you can trade more than 85 crypto assets, including Bitcoin, Ethereum, USDT, Litecoin, and XRP. Moreover, the exchange supports over 35 fiat currencies.

Paybis Geographical Availability

Paybis is available in over 180 countries, including Australia, Canada, the United States, the United Kingdom, and many more. It is worth mentioning that crypto users in states like Louisiana, New York, and Hawaii cannot access Paybis.

How to Register With Paybis

After confirming that Paybis operates in your country, you can begin the sign-up process. To do this, go to paybis.com and press the “sign-up” button. Next, enter your valid email and click “Continue.” You will receive a verification code on your email. Key it in and hit “Continue.” Now, you will be required to provide your phone number. After doing so, you will have access to your Paybis account. Note that you need to verify your identity before you can start trading digital tokens. For this process, submit a photo of your ID card or passport.

Paybis Supported Payment Methods

Paybis requires you to deposit a minimum of $5 to start your crypto trading journey. So, do you fund your account? You can use various payment methods such as Skrill, bank transfers, credit/debit cards, Giropay, GooglePay, ApplePay, wire transfers, and Neteller. It is worth mentioning that a fiat deposit attracts a 2.5% fee.

Paybis Tools and Features

Simple Buy and Sell Tool

Paybis strives to keep the buying and selling of crypto assets simple. It offers an easy-to-understand interface that lets users quickly swap their digital tokens for fiat and vice versa.

Instant Payouts

If you want an exchange that processes payouts instantly, then Paybis can be an excellent option. The platform processes withdrawals within seconds.

Paybis Wallet

This wallet isn’t just for storing crypto assets. You can also use it to manage them. Moreover, the Paybis wallet allows you to track your transactions on various blockchains and monitor the prices of digital tokens in real time.

Crypto Calculator

Wondering about the value of your digital token when converted to a particular fiat currency? You don’t have to anymore. Use the Paybis crypto calculator to check the value of your crypto in any fiat currency.

Paybis Mobile App

If you enjoy trading cryptocurrencies on your mobile phone, then you might find the Paybis mobile app useful. It is available on Google’s Play Store and Apple’s App Store. The mobile app comes with all the necessary trading tools to help you open winning trades. Its user interface is also well-designed, making it easy for beginners to navigate.

Paybis Security Measures

Paybis employs several security measures to keep user funds and data safe. All communications on this exchange are encrypted. Moreover, Paybis adopts two-factor authentication to boost the security of user accounts. As for the exchange’s wallet, the tool is protected using the Multi-Party Computation model.

Customer Support

There is a “Support Portal” on the Paybis mobile app that lists all frequently asked questions. However, if you cannot seem to get help, do not hesitate to reach out to the exchange’s customer support team via email.