A few weeks ago, Bitcoin experienced its 3rd halving, which catapulted cryptocurrency into the spotlight once again. As a result, the space keeps growing with new investors, all of which are looking to buy their very first digital coins.
But, in 2020, the options when it comes to exchange platforms have grown as well. Hundreds of new exchanges are now trying to attract new investors, each presenting different key features, as well as payment methods.
Therefore, and to clear the air from all confusion, we decided to review one of the most popular and beginner-friendly platform. In this post, we will talk about Paybis – a UK-based exchange that offers the fastest and most secure way to invest in cryptocurrency.
What makes Paybis a great exchange?
Compared to most mainstream exchanges, Paybis aims to provide the ultimate customer experience. They do this by targeting and resolving issues that the most exchanges are currently struggling with:
- Several payment options – The majority of exchange platforms support a very limited number of payment options, usually bank transfers only. Forward-thinking platforms like Binance recently introduced a second payment option – credit cards. On the other hand, with Paybis, users can pay using 8 different payment methods, which we will talk about below.
- Fast account verification – One of the things that Paybis excels in is the ID verification process. All that the platform requires is some basic personal information and a copy of your ID document. The process takes around 3-5 minutes to conclude, and the review of your submission happens instantly.
- Increased security for your funds – One of the most discussed topics in the crypto-community is the safety of funds. Since most users buy and hold their cryptocurrency on exchange platforms, the safety of funds is always at risk. Paybis knows how important this is, and therefore delivers cryptocurrency directly to the personal wallets of users, once a transaction is made.
- Minimal interface – Beginners will certainly appreciate the simple interface of the platform. Unlike most platforms, Paybis takes a straightforward approach when it comes to transactions. No complicated technical charts and irrelevant buttons are found on the dashboard. Users simply navigate through the platform in an intuitive manner and complete their purchase in less than 10 minutes. And in case help is needed it is always available. Speaking of which…
- Responsive customer support – One of the most praised aspects of the Paybis platform is its in-house team of multilingual support agents. These experts are online at all times to help you complete your order without any hesitations. To reach them, simply send an email or contact them through the live chat.
Payment methods
Paybis supports the following payment options on their platform:
- Credit/Debit cards – By far the easiest and most popular way to buy cryptocurrency. Once a transaction is started new users will need to quickly verify their ID and enter the details of their card. Once that is done, users can make a payment and receive their cryptocurrency just a few minutes later.
- Bank transfers – Most exchanges offer the ability to buy cryptocurrency using bank transfers. While banks will usually take a little longer to process your bank transfer (1-5 working days) most are completed within a 24-hour timeframe.
- E-money wallets – Digital payment systems are quite unusual when it comes to payment methods on exchange. However, they are the fastest way to obtain crypto. Paybis allows its users to buy several top cryptocurrencies using Skrill, Advanced Cash, Neteller, and Payeer.
Keep in mind that each payment method on the Paybis platform supports several currency options. Most options allow users to pay in USD, EUR, and GBP. Bank card payments support CAD and JPY as well. This is a great way to save on the fees you would have to pay to exchange your currency online.
The verification process
We already mentioned that ID verification on Paybis is one of the fastest in the industry. In the following steps we will show you just how quickly the process is completed. Bellow is a quick guide to help you get started.
Step 1: When you create a new order, you will need to provide some basic personal information. Enter your name, surname, as well as your date of birth and click on “Continue”.
Step 2: At this point, you will need to enter information related to your residential address. Provide this information and click on “Continue” once again.
Step 3: Finally, you will need to provide a copy of your ID document. From the options in the drop-down menu, choose the document of your preference and upload a copy of your ID. Once the document is uploaded, click on “Submit” to let the team of Paybis conduct a review.
A few minutes later the system will let you know if you are eligible to continue the transaction. Once concluded, you will be able to proceed to the payment phase of your transaction.
Summing up – Is Paybis worth it?
All things considered, Paybis is considered to be one of the best option for amateur investors. We tend to agree with that. Not only does it offer a great user experience but also a great fee structure. When you choose to pay with your credit/debit card for the first time, the fees are completely waived.
Therefore, if this is your very first Bitcoin purchase, Paybis is most likely the platform you’ve been looking for.
If you have used Paybis as well, let us know what you think about the platform. With more than 6000 positive reviews on Trustpilot, chances are that you love them just as much as we do!
