Cryptocurrency is becoming increasingly popular and it is no longer possible to ignore its potential. If you have never bought crypto before, I totally understand you. I have been in your shoes. I have been tricked and scammed over the web one too many times to just throw my money into the next best thing.
But crypto is different. This new form of investment has seen such incredible price fluctuations that some people literally became millionaires overnight. All they did was invest at the right point in time.
So how can you invest? You have probably heard of big exchange platforms, like Coinbase and Binance. To be honest, if you are a newbie you will probably get confused as soon as you open a new account. All these options, new products, and hundreds of different currencies. Where does one start?
Well, this article is here to give you answers. Since I was a newbie once as well, I know what the main issues are when looking to enter the space. You may be just a little too scared or unsure about it. I get that too.
That’s why, today, we will talk about Paybis. An exchange that is different from other platforms by being focused on solving those doubts and issues that beginners mostly face. So let’s dig in and see what this company is all about.
What is Paybis?
In short, Paybis is a cryptocurrency (and digital currency) exchange. It allows users to exchange crypto with government-backed currencies such as the USD, the EUR, and the GBP. However, there is more to it.
Ever since 2014, the platform closely observed the most common issues in the space and builds solutions before anyone else. When most users had to wait more than a week to get their account verified, Paybis did so in just a few minutes. When new investors were desperately looking for assistance without any response, Paybis already has a dedicated support team in place.
The narrative repeats all over. So, to give a better understanding, let’s talk about the main features that make Paybis a great exchange.
Why choose Paybis?
The UK-based exchange has several benefits that we rarely see with other platforms of its type. We will talk about each one separately.
The dashboard of Paybis is built with simplicity and design in mind. There are no complicated processes that make navigation difficult. Instead, all users need to do is select their trading pair and start the transaction. Here is how the dashboard looks like when first logging in:
On the left side, users are able to select their payment method from the drop-down menu. At this point, you will also be able to select your spending currency. Credit card payments support 5 currencies (USD, EUR, GBP, JPY, CAD) so you will most likely not need to exchange your currency to complete the transaction.
On the right side, click on the drop-down menu and select your payout option. Once again, there are several options, which we will discuss next. Once your selection is made, click on “Buy Bitcoin” to proceed with the transaction.
Multiple payment methods
Paybis has several different payment methods, spanning from bank cards and bank transfers to payment systems. More specifically, here are all your options:
- Credit/debit cards
- Bank transfers
- Advanced Cash
Apart from all the options seen above, the platform also allows users to cash out Paybis gift cards in order to complete their purchases.
Note that, for new users, there is an opportunity to make one transaction using your credit/debit card as a payment method without paying any fees. So if you are looking to enter the space and purchase a significant amount of BTC, it is by far the cheapest option available in the market.
Fast ID verification
We briefly mentioned above that ID verification takes just a few moments to complete when signing up at Paybis. But what exactly does that mean?
After you log into your new account and start a transaction, you will need to verify your identity. This process needs to be repeated for each trading pair you choose to make a purchase with.
As soon as the transaction starts, you will need to provide some personal information and a copy of your ID. Simply follow the information and the screen and submit the information for review.
At this point, Paybis’ dedicated in-house team will check your documents in real life and let you know if you are qualified to continue. This process will take no more than 3 minutes to complete, and you will know if you can proceed to the payment phase or if changes need to be made.
Another thing we really like about Paybis is that the absence of exchange-based wallets. As you know, most big exchanges will deliver your funds on a wallet that is based on the exchange platform itself. You will only be in full control of the funds once you transfer them to your own, private wallet.
The majority of people will not only choose to leave them on the platform but they probably don’t even know they can store them outside of the exchange. This is especially true for beginners.
Paybis will ask for your personal wallet address as soon as the verification process is completed. If you don’t have a wallet, feel free to browse through the existing blog posts of the platform to find more information on how to create one, or contact the customer support. They will help you out with the process.
Responsive customer support
Speaking of customer service, Paybis has a reputation for being one of the most responsive platforms out there. The exchange has more than 7000 positive reviews on Trustpilot, ranking it as one of the best exchanges in the market.
So, what makes the support different than other platforms? For one, there are no “tickets”. This trend quickly turned into an uncontrollable issue during the latest bull market, leaving many investors frustrated.
Instead, Paybis has a dedicated, multilingual team that is online 24/7, ready to answer all of your questions. You can reach them through the live chat option, or by sending an email. Response time depends on the busyness of a particular period but usually takes just a few seconds.