Best Paybis Brokers 2024

Paybis is a popular cryptocurrency payment solution and exchange platform based in the UK. The company supports 10 major digital currencies for a range of private and institutional services. This review of the Paybis platform will detail how it works, outline its fees and partnerships and highlight the pros and cons of using it. We also list the best brokers that accept Paybis deposits.

Best Paybis Brokers

Our evaluations have found that these are the best 15 brokers that support Paybis payments:

#1 - Forex.com

Why We Chose Forex.com

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

"Forex.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

- DayTrading Review Team
  • Instruments: Forex, Spot Metals
  • Regulator: NFA, CFTC
  • Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • Excellent trading tools including the Trading Central research dashboard and the SMART Signals price pattern scanner
  • The $100 minimum deposit requirement makes the broker accessible for beginners
  • The proprietary Webtrader is an excellent option for day traders, offering over 80 technical indicators for detailed analysis

Cons

  • It's a shame that there's no copy trading platform for beginners or signal providers
  • The $15 monthly inactivity fee is higher than some competitors, including XM which only charges $5
  • The investment offering varies between countries

#2 - Interactive Brokers

Why We Chose Interactive Brokers

Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

- DayTrading Review Team
  • Instruments: Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
  • Regulator: FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB
  • Platforms: Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
  • Min. Deposit: $0
  • Min. Trade: $100
  • Leverage: 1:50

Pros

  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
  • While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.

Cons

  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.

#3 - NinjaTrader

Why We Chose NinjaTrader

NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.

"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."

- DayTrading Review Team
  • Instruments: Forex, Stocks, Options, Commodities, Futures, Crypto
  • Regulator: NFA, CFTC
  • Platforms: NinjaTrader Desktop, Web & Mobile, eSignal
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • You can get thousands of add-ons and applications from developers in 150+ countries
  • NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC
  • NinjaTrader continues to deliver comprehensive charting software for active day traders with bespoke technical indicators and widgets

Cons

  • There is a withdrawal fee on some funding methods
  • Non forex and futures trading requires signing up with partner brokers
  • The premium platform tools come with an extra charge

#4 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

Pros

  • WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
  • AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more
  • Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools

Cons

  • A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
  • Traders from the US are not accepted
  • There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders

#5 - eToro USA

Why We Chose eToro USA

eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."

- DayTrading Review Team
  • Instruments: Stocks, Options, ETFs, Crypto
  • Regulator: SEC, FINRA
  • Platforms: eToro Trading Platform & CopyTrader
  • Min. Deposit: $10
  • Min. Trade: $10

Pros

  • A free demo account means new users and prospective day traders can try the broker risk-free
  • The $10 minimum deposit and straightforward account opening process means beginners can get started quickly
  • Investors can access Smart Portfolios for a more hands-off approach, covering a range of sectors and markets such as renewable energy and artificial intelligence

Cons

  • There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
  • There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs and cryptos
  • The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools

#6 - Woxa

Why We Chose Woxa

Woxa is an STP broker established in 2021 and regulated by the Financial Services Commission (FSC) in Mauritius. Over 2000 CFDs are available spanning popular asset classes, including forex, stocks, indices, commodities and crypto. Woxa offers an in-house web platform, alongside a mobile app and copy trading service.

"Woxa is best for beginners looking for a low minimum deposit, easy-to-use platform and social investing features. However, it seriously trails alternatives in several key areas, including safety, trading fees and customer support."

- DayTrading Review Team
  • Instruments: CFDs on Forex, Commodities, Stocks, Indices, ETFs
  • Regulator: FSC
  • Platforms: Woxa Platform, App
  • Min. Deposit: $25
  • Min. Trade: 0.01
  • Leverage: 1:400

Pros

  • TradingView's charting package is excellent with 100+ indicators and drawing tools
  • The trading platform is very easy to use thanks to its modern design and intuitive navigation
  • It is really easy to open a Woxa account – taking less than 5 minutes

Cons

  • Traders can't use the MetaTrader platforms and algo trading isn't supported
  • Woxa is still relatively new with weak regulatory credentials and limited safeguards
  • Woxa seriously lags behind top brokers when it comes to market research tools

#7 - OANDA US

Why We Chose OANDA US

OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

- DayTrading Review Team
  • Instruments: Forex, Crypto
  • Regulator: NFA, CFTC
  • Platforms: OANDA Trade, MT4, TradingView, AutoChartist
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:50

Pros

  • The broker offers a transparent pricing structure with no hidden charges
  • Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
  • The proprietary OANDA web platform continues to deliver a highly competitive charting environment, including 65+ technical indicators powered by TradingView

Cons

  • It's a shame that customer support is not available on weekends
  • The range of day trading markets is limited to forex and cryptos only
  • There's only a small range of payment methods available, with no e-wallets supported

#8 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Leverage: 1:1000

Pros

  • The free demo account is ideal for practicing short-term trading strategies and no registration is required
  • The low $5 minimum initial deposit suits those on a lower budget
  • Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters

Cons

  • There's no loyalty program or rebate scheme for high volume traders
  • There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
  • The range of 100+ assets trails some competitors such as Quotex which offers 400+

#9 - Pepperstone

Why We Chose Pepperstone

Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated brokerage offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.

"Pepperstone is a best-in-class broker. Experienced day traders benefit from razor sharp spreads, ultra-fast execution and 1300+ instruments. New traders get user-friendly platforms, rich education materials and 24/7 support."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

Pros

  • Award-winning customer support via telephone, email or live chat
  • In-depth and frequent webinars covering charting strategies and trading tips
  • Competitive Razor account with tight spreads averaging 0.12 pips for EUR/USD

Cons

  • Unlike some competitors like AvaTrade, there is no proprietary app offering an all-in-one trading service
  • The demo account closes after only 30 days, which is a smaller time limit than competitors like XM (60 days)
  • It took us longer to sign up than at many alternatives

#10 - XM

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

- DayTrading Review Team
  • Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Leverage: 1:1000

Pros

  • Reliable 24/7 customer support with fast response times within a few minutes during testing
  • The broker offers premium research including market sentiment, fundamental insights and strategy builders
  • XM is a hugely respected broker authorized by tier-one regulators

Cons

  • There is weak regulatory oversight through the global entity
  • There's $5 inactivity fee after only 3 months, though this won't affect active traders
  • PayPal deposits are not supported

#11 - IC Markets

Why We Chose IC Markets

IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
  • Min. Deposit: $200
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)

Pros

  • You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
  • With ultra-fast execution speeds averaging 35 milliseconds and deep liquidity, IC Markets provides an optimal trading environment for scalpers, hedgers, and algorithmic traders.
  • IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.

Cons

  • The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
  • While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
  • Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.

#12 - Eightcap

Why We Chose Eightcap

Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular with serious day traders for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.

"Eightcap is great for day traders familiar with MT4 and MT5 and looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FCA, ASIC, CySEC, SCB
  • Platforms: MT4, MT5, TradingView
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:500

Pros

  • Raw spreads from 0.0 pips and a low $3.5 commission will appeal to active traders
  • AI-powered economic calendar with top-level insights, in partnership with Acuity
  • Sophisticated platforms built for short-term strategies, including TradingView which offers 50 drawing tools and 12 chart types

Cons

  • There are several frustrating jurisdictional restrictions - for example, the Crypto Crusher tool is not available for UK or Australian clients
  • There are only four commodities available, which may disappoint experienced day traders looking to diversify their portfolios
  • The demo account can only be extended upon request

#13 - LiteForex Europe

Why We Chose LiteForex Europe

LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.

"LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities
  • Regulator: CySEC
  • Platforms: MT4, MT5
  • Min. Deposit: $50
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30

Pros

  • LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
  • Low $50 minimum deposit makes LiteForex accessible for beginners
  • There's a comprehensive analytics portal by Claws&Horns, which offers video reviews, expert insights and short-term trading signals

Cons

  • The range of day trading markets is limited compared to alternatives, with no share CFDs offered
  • There is no swap-free trading account for Muslim day traders
  • There are limited funding methods compared to other brands

#14 - CityIndex

Why We Chose CityIndex

City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders.

"City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Cryptos, Options, Commodities, Bonds
  • Regulator: ASIC, FCA, MAS
  • Platforms: MT4, TradingView, TradingCentral
  • Min. Deposit: $0
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.

Pros

  • Thousands of instruments including thematic indices and interest rates that are not available at many alternatives
  • Excellent reputation with over 1 million account holders and tier-one regulatory oversight
  • Tight spreads from 0.5 pips on EUR/USD and competitive commissions on CFD shares

Cons

  • US traders not accepted
  • Cryptocurrency trading not available in all locations
  • $15 monthly inactivity fee

#15 - DNA Markets

Why We Chose DNA Markets

DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Indices, Commodities, Stocks, Crypto
  • Regulator: ASIC
  • Platforms: MT4, MT5
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:500

Pros

  • 24/5 customer support with response times of <2 minutes during testing
  • Short-term trading strategies are permitted including scalping and automated trading using Expert Advisors (EAs)
  • Convenient account funding with 7 base currencies, a $100 deposit and a wide range of payment methods

Cons

  • The investment offering trails alternatives, especially in terms of stocks, cryptos and commodities
  • Although it continues to strengthen its client base and reputation DNA Markets lacks the track record of top brokers like Vantage
  • There are limited educational and research tools, reducing its appeal to beginners

What Is Paybis?

Paybis is a cryptocurrency payment solution where you can buy a range of tokens. The broker currently supports 10 major cryptos:

The exchange offers two services: private (for buying and selling cryptos) and business (for liquidity services). Paybis provides liquidity for banks, FinTech companies, payment processors, the gaming industry and more.Paybis bnb to gbp usd ethereum price prediction

Paybis can accept or send crypto on the user’s behalf via simple API integration. The exchange also completes transactions in less than a minute. All of this has become possible due to Paybis partnering with Simplex, an Israeli payment processor that provides fiat infrastructure to the crypto industry.

Paybis also holds other key partnerships with crypto exchange Kraken and BlueOrange bank. In November 2020, The exchange’s partnership with FinTech company Money Service Business Zero Hash allowed it to offer its service across 48 states in the US.

The corporate entity behind the exchange, Paybis Limited (Ltd.), was founded in Glasgow, Scotland in 2014. Over the last 7 years, the company has developed into a highly reputable platform, acquiring operating licenses in the UK, the US and the EU. To date, Paybis Limited has customers from 180 countries.

Fees

Paybis boasts competitive trading charges and commissions, with no network, deposit or withdrawal fees.

Customers are not charged for their first transaction or sale of BTC, regardless of the payment method. Any subsequent payments may incur charges, though these vary with the method used.

Paybis crypto purchases are charged 0.99% from wire transfers and 3.99% from payment cards. There is also a $10 local currency minimum processing fee on transactions up to $225 for payment cards.

As part of the launch of new payment options, Paybis reduced its fee for cryptocurrency purchases via bank transfer from 2.99% to 0.99% as well as increasing its spending limits. Credit/debit card purchases are at 3.99%. Greater purchases are charged 4.5% for EUR, GBP and USD or 6.5% for other currencies.

Speed

Signing up to trade on Paybis is very quick and straightforward. Customers can use their Facebook or Google accounts to sign up securely. The average trader’s ID verification time is about 5 minutes.

Not only is registration with Paybis quick and easy, but so is the purchase of cryptocurrencies. Deposits are processed almost instantly when using credit or debit cards. Bank transfers can take a little longer, usually between 1-5 days. Withdrawal times can vary.

Security & Regulation

Paybis is a reputable and secure method with its robust security. Its non-custodial model encourages its users to use secure, private wallets which can be inconvenient but is best practice for security for traders. Your digital assets are going to be safer in your own wallet than on the exchange.

Paybis is considered a reputable exchange. As well as having operated for 7 years, Paybis Ltd is regulated by the UK’s Financial Conduct Authority (FCA). The company is also registered with the US’s Financial Crimes Enforcement Network (FinCEN).

Payment Methods

Paybis allows its users to choose from a variety of deposit methods, including credit cards, bank transfers, or supported electronic wallets. This is good news for traders, especially beginners. Other payment methods include Neteller and Skrill.

Unlike some of its competitors, including Binance, Paybis allows traders to purchase some crypto coins using fiat money, depending on the pairs available. This feature further legitimises the exchange, distancing it from claims of being a scam.

You need to fund your account before you can buy cryptocurrency. Go to the ‘Exchange’ page, choose your payment method, the fiat currency that you’re paying with and how much crypto you wish to buy. Click ‘Buy’, add your wallet address and complete the transaction.

Paybis also offers a prepaid gift card to Bitcoin option, supporting gift cards from US vendors including Amazon and Walmart. In September 2021 Paybis announced that it was launching Apple Pay, allowing traders to buy their cryptocurrencies in one click from their iPhone, iPad, or MacBook.

Paybis also offers an easy conversion calculator to work out how much a certain quantity of crypto costs. There are calculators for all cryptos, including a TRON calculator, provided on the Paybis website.paybis rates and fees review

Wallets

Currently, Paybis does not have an in-built wallet, meaning it does not store your cryptos in hot or cold wallets. However, the lack of a wallet adds to the exchange’s overall security, reducing its risk of being hacked.

If you want to buy digital assets using Paybis, you need to get a wallet that is compatible with the digital currency you want to buy such as a Bitcoin wallet.

In positive news, Paybis supports all types of wallets, including online wallets such as the Trust Wallet app or MetaMask extension, and desktop and external (hardware) wallets such as Trezor or Ledger.

Payment Limits

Paybis assigns transaction limits dependent on the trader’s payment method of choice. The minimum amount is $50 worth of cryptos for all payment methods ($60 for credit/debit cards). Paybis’ maximum transaction limits apply on a range of timelines. These include a daily Bitcoin limit of $20,000 and $50,000 a month for Visa and Mastercard. Skrill and Neteller have weekly limits of $50,000 and $200,000 respectively. Bank transfer limits are $200,000 weekly and $500,000 monthly.

Pros Of Using Paybis For Traders

Paybis is highly ranked on Trustpilot with millions of its customers recommending it for its security, user-friendliness and ease of access to buying crypto with 47 supported fiat currencies.

User Friendly

Users can create a free account by signing up with an email address and password. As part of registration, you will also need to agree to Paybis’ terms and conditions and complete an ID verification process. Paybis’ KYC verification allows you to choose from several types of ID, including your passport or driving license. The time it takes to complete is about 5-10 minutes.

Paybis offers educational videos and tutorials on its YouTube channel. There is also a Paybis blog, news page and support portal that provides information on a variety of topics.

Accepted Countries & States

Paybis supports up to 47 fiat currencies around the world, including USD, EUR, GBP and JPY.
Paybis is available in 180 countries and accessible in 9 languages. Paybis’ supported countries include Canada, Hong Kong, India, Japan, Latvia, Malaysia, Mexico, New Zealand, Nigeria, Singapore, South Africa and the UAE.

Paybis is available in 48 supported states in the USA, excluding New York and Hawaii. Paybis announced that it would be launched in NY in summer 2021 but this has since been pushed back to autumn. Paybis has 33 restricted countries.

Security

As well as being regulated by the FCA, Paybis has operating licenses in the US and the EU. This offers important buyer protection. Paybis enforces quite strict KYC requirements meaning with no ID verification, you cannot buy and sell cryptos on Paybis. Its non-custodial model means it does not store your cryptocurrency on its platform.

Customer Support

Should you run into any issues, Paybis has 24/7 customer support available via its live chat. Support can also be found via email: support@paybis.com.

Its support portal can address issues and questions on how to cancel a transaction and get a refund, how to delete your account, if there is a payment error, a payment has failed, the broker status is stuck on checking your info, an error in processing your card or a payment under review or if your account is suspended. The news section of its website provides updates when elements of the platform are not working.

Paybis is also present across various social media platforms including Facebook, Twitter and LinkedIn (which states it is registered in Edinburgh). Despite there not being a contact phone number, the company’s customer support has received high praise from its users.Is paybis a real good site

Cons Of Using Paybis For Traders

Currently, Paybis only supports the purchase of 10 cryptocurrencies and you can only sell Bitcoin. This is very small compared to Paybis alternatives like Coinbase, eToro and Kraken, which offer at least 50 coins.

As it is not regulated by the US Securities and Exchange Commission (SEC), Paybis.com is not available to all US traders. Clients based in New York and Hawaii cannot use the Paybis exchange and some restrictions also apply to Texas residents.

Is Paybis Good For Day Trading?

Paybis’ fast and streamlined service makes it an increasingly popular exchange to buy and sell cryptocurrencies. The payment system is partnered with a range of DeFi companies and boasts a competitive fee structure and decent security.

FAQ

Is Paybis.com Legit And Safe To Use With My Trading Account?

Paybis is legit and has no known history of scams. It is a payment solution that offers regulated services for retail and institutional traders in the DeFi industry. It is considered a trustworthy site as it has maintained compliance with requirements in the UK, the US, and the EU.

How Does Paybis Work With My Trading Account?

The Paybis exchange enables traders to buy and sell various cryptocurrencies, including Ethereum and Ripple. It also provides a wide range of banking options, including a bank or wire transfer, Skrill and credit/debit card payments, making it convenient for traders to transfer funds to and from their live trading accounts.

How Fast Are Deposits To My Trading Account When Using Paybis?

Deposits can be fast when using Paybis and are processed instantly when using a debit or credit card. That said, payments via bank wire can take up to 5 days and some brokers may also have their own processing timelines.