Wednesday, November 30, 2022
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HomeFinancialIntroducing Paybis - The best cryptocurrency exchange

Introducing Paybis – The best cryptocurrency exchange

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Every once in a while, we like to review and deconstruct platforms that have helped our lives in some sort of way. And, unless you’ve been living under a rock, you probably know about cryptocurrencies and their importance in today’s world.

Crypto investors have been very vocal about the danger our economy is facing. In their effort to protect their wealth, they seek refuge in assets that are not controlled by third parties. Bitcoin, Ethereum, Litecoin, and other digital coins are the alternatives to your most beloved but even inflating US dollar.

Don’t take it from us. Simply check how much government-based currency has lost its value ever since its decoupling from the gold standard. The changes may be subtle, but over a long period of time massive devaluate your savings.

Therefore, we decided to give you a brief introduction on the most trustworthy platform when it comes to cryptocurrency investments.

Introducing Paybis – A crypto-investor’s best friend

Cryptocurrencies are purchased from exchange platforms. Much like stocks and other assets, they allow users to get a hold of their first digital coins.

And this is where Paybis comes in. Established in 2014, this cryptocurrency exchange is one of the most popular platforms in Europe and most likely in the world.

From an early stage, the platform set out to improve upon the issues most commonly faced with the top exchanges. Speed of transactions, account verification, and payment options are just a few of the features that made us trust this platform.

And after using it for a few transactions, we can now confidently say that we don’t plan to use any other platform ever again.

But don’t get excited just yet. In the following chapters, we will describe the reasons for this statement. We will help you understand why Paybis is the best option for those looking to get into crypto and buy their first coins.

What makes Paybis the best exchange?

Users can benefit from many different features when choosing to use Paybis. Let’s describe the top ones briefly, before looking at the transaction process.

The number of payment methods

The majority of cryptocurrency exchanges limit their users to bank transfers and (sometimes) credit card transactions. While these may be the most common methods for most new users, they are not the only ones. In fact, there are millions of unbanked individuals that use different methods to pay for things online.

Paybis noticed this trend early on and introduced several payment options that can work for everyone. More specifically, when buying cryptocurrency on Paybis exchange, you can use the following payment methods:

  • Credit or debit cards
  • Bank transfers
  • Skrill
  • Payeer
  • Neteller
  • Advanced Cash
  • Bitcoin (yes, you can also sell Bitcoin to buy other cryptos)

Aside from the options mentioned above, Paybis also introduced gift cards, allowing users to give and redeem cryptocurrency as they seem fit.

The minimalistic interface

Have you ever tried to purchase Bitcoin from popular exchanges like Bittrex or Binance? There are so many different options and variables that the dashboard looks more like a plane’s cockpit.

And while most of these functionalities are important for traders, they can be a turnoff for new investors. After all, it is money you’re dealing with and you wouldn’t wanna take on any unnecessary risk.

Once again, Paybis innovated its way through the confusion, by creating a very minimal yet perfectly capable dashboard.

As a new user, all you need to do is pick your payment method from the left side and your payout option from the right side. The drop-down menu keeps things organized and helps users focus on what matters most.

Once you indicate the amount you wish to exchange, you can simply click on the button on the right to start your transaction.

The 5-minute verification process

One of the most common issues we came across during the last few years was the process of account verification. Since you’re trading funds online, exchanges are required to collect their customers’ data to comply with existing regulations.

But what happens when there are simply too many people signing up at the same time? The delays can be massive. Aside from that, the systems in place often don’t recognize foreign IDs, which results in lots of frustration from users.

What we noticed with Paybis was how fast this process is concluded. As soon as you start a new transaction, you will need to enter some basic personal information and upload a copy/screenshot of your ID. You then submit the documents for review.

Now here is where it gets interesting. The exchange has a dedicated team in place, checking documents around the clock and going into actual conversations with users who are trying to verify their account. There are no delays and wrongful rejections. The whole process takes, on average, between 3-5 minutes to complete and is only necessary for your first transaction.

Excellent customer support

This is where we salute Paybis the most. The support agents that are online at all times (24/7), ready to help you out.

The exchange has an in-house, multilingual support team that is experienced with all the exchange’s processes and ready to help you out.

Even if you have more basic questions that do not directly relate to the buying process, for example, how to create a wallet, they can give you handy information and help you out.

Paybis is one of the few platforms that has received thousands of positive reviews and the support team has played a major role in this achievement.

No exchange-based wallet functionality

Have you ever heard of the term: “Do not leave your coins on an exchange”? This because exchange-based wallets are mutually controlled by yourself and the exchange they are on. The platform is able to freeze your funds, block your account, or confiscate your coins at any moment.

While this only occurs in very rare instances, it is still safer to use exchanges that send your coins directly to your private wallet. And Paybis does just that.

As soon as a transaction is started, you can indicate which wallet you wish your funds to be delivered in. The moment your payment is completed, Paybis will send your coins to the wallet you previously entered.

Conclusion – Should you use Paybis?

In short, the answer is yes. You should. Paybis is certainly the best option for new investors looking to enter the space, or simply people who want to make transactions in a convenient manner.

But that is not all. As a new user, you can benefit from one commission-free transaction when you make an order using your bank card. Any amount counts! This makes it a great opportunity if you are currently considering entering the space but haven’t found the best deal yet.

Aside from that, even experienced investors can benefit from the different payment methods available. The only people that would probably benefit more from other platforms are swing traders, who need to keep all their coins in one place and exchange with different crypto-to-crypto trading pairs.

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