The New Best Bitcoin Exchange Reviews List You Better Know Now

The Ultimate PayBis Review

Learn important things about complaints, fees, and other stuff. Then see how it compares to other four exchanges. Get all that from this PayBis review now.

Or if it’s your personalized recommendation from my website homepage and you’re in a hurry, here’s the link to PayBis.

In short, this article has all of the information you need. For this reason, please bookmark it now.

Disclosure: this page has affiliate links that may make me money. But the content is objective and trustworthy.

2019 Update: 2 Important Changes You Need To Know

  1. PayBis stopped supporting PayPal, Yandex Money, Epay, and WebMoney. So disregard the part of this article that says it supports PayPal.
  2. PayBis added new payment methods. One of these payment methods is USD bank transfer.
    It’s one of the two cheapest payment methods and takes from one to three days to complete. Two other new payment methods are Skrill and Neteller.

Summary Of This PayBis Review That Takes Little Time To Read

In terms of customer reviews, PayBis is the best cryptocurrency exchange of them all. On top of that, it has fast customer support that consistently outperforms competitors.

Plus, it’s fast in every other way. So it’s much better than most bitcoin exchanges which take days or even weeks to verify you. The only disadvantage is the fees. They are high for some payment methods.

But if you’re willing to pay higher fees for outstanding customer support, PayBis is your top choice.

Fees
Speed
Ease Of Use
Customer Support
Average
Open PayBis account now

US States Where PayBis Is Now Unavailable

  1. Hawaii
  2. Washington
  3. New Mexico
  4. Connecticut
  5. Georgia
  6. New York

If you live in one of them, I have an alternative you can use today. The alternative is Bitit, an easy-to-use e-commerce website where you can buy many different cryptocurrencies. It has many good reviews from real people, just like PayBis.

Is PayBis Safe Or Scam?

It’s a legitimate company and definitely not a scam. PayBis exchange has many excellent user reviews. Below I explain the process I used to check whether they were written by real people.

Most of BitcoinTalk forum users said good things about PayBis. I made sure they were real people by going through the latest posts of each of them. I checked whether they mentioned PayBis more than once.

Only one of them mentioned PayBis more than once. However, this user made many other posts. He also recommended another exchange besides PayBis in his posts. So it’s unlikely that this user is a shill.

The same holds true for Trustpilot reviews. They are legitimate. Reviews from other platforms are likewise stellar. So PayBis is definitely safe and legitimate.

It’s also a good thing PayBis doesn’t store cryptocurrency. You receive cryptocurrency to your own wallet. By the way, cryptocurrency experts recommend a hardware wallet. It’s much more secure than an app. This one is the best hardware wallet. So please check out my favorite hardware wallet now. Please see how affordable it is right now.

Be vigilant when buying a hardware wallet. Some third party sellers sold people pre-configured scam wallets. These scam wallets allowed them to take unsuspecting people’s crypto assets. So only the wallet manufacturer website can be trusted. So please visit and bookmark this link right now because it’s the official manufacturer website.

What Are The Customer Complaints Against PayBis?

PayBis doesn’t allow Tor, VPNs, and proxies. But most exchanges don’t allow them either. So most complaints center around something else.

There are only a few negative customer reviews of PayBis. Most of them center around high fees. It’s true that PayBis fees are high for some payment methods. But it’s the only major downside. For this reason, it didn’t get five stars.

However, out of all reviewed exchanges, I didn’t give a single one five stars. That’s because each exchange has its own downsides.

But some of the alternatives have lower fees. Cheapest of them is CEX.IO bitcoin exchange. But its customer reviews are much worse than PayBis customer reviews and it’s much slower. Bitit, on the other hand, has similar reviews and is cheaper for cards but doesn’t accept USD bank transfers.

There’s something else you should know. Generally speaking, card purchases carry high fees. Bank transfers are much cheaper and PayBis accepts them. You can see fees for these and other payment methods in the table below.

PayBis Fees

Card fees below don't include the fee your bank may charge. Your bank may charge you a 5% cash advance fee for a credit card cryptocurrency purchase. Debit card purchases are free from this fee.

Also, only people with accounts in European banks can use Mistertango SEPA Instant and EUR bank transfer.
Payment MethodFees
Credit & Debit Cards5%+5%+0.95 USD for BTC


5%+5%+0.32 USD for ETH


5%+5%+0.01 USD for LTC
Mistertango SEPA Instant1.5%+0.84 EUR for BTC


1.5%+0.28 EUR for ETH


1.5%+0.01 EUR for LTC
Payeer5.95%+0.95 USD for BTC


5.95%+0.32 USD for ETH


5.95%+0.01 USD for LTC
Perfect Money5.95%+1 USD for BTC


5.95%+0.22 USD for ETH


5.95%+0.01 USD for LTC
Advanced Cash4.06%+1 USD for BTC


3.95%+0.22 USD for ETH


3.95%+0.01 USD for LTC
USD Bank Transfer1.5%+1 USD for BTC


1.5%+0.22 USD for ETH


1.5%+0.01 USD for LTC
EUR Bank Transfer1 EUR+1.5%+0.88 EUR for BTC


1 EUR+1.5%+0.19 EUR for ETH


1 EUR+1.5%+0.01 EUR for LTC
Skrill3.54%+4.95%+1 USD for BTC


3.54%+4.95%+0.22 USD for ETH


3.54%+4.95%+0.01 USD for LTC
Neteller3.54%+5.95%+1 USD for BTC


3.54%+5.95%+0.22 USD for ETH


3.54%+5.95%+0.01 USD for LTC

2 Things That Differentiate PayBis Exchange From Other Exchanges

1) PayBis.com gives discounts of up to 50%. These discounts apply to credit and debit card purchases. The more cryptocurrency you buy, the less the fees will be as a percentage of your purchase. You can see an example of PayBis discounts in the screenshot below:

PayBis Review Website Screenshot

2) It has higher number of payment methods than any other legitimate exchange. PayBis exchange accepts all of the payment methods listed above. Plus, it accepts Amazon gift cards.

If You Want To Buy Bitcoin With Amazon Gift Card From PayBis

The total fees are about 25%. This is definitely very high. But few legitimate exchanges accept this payment method. For the most part, only risky bitcoin peer-to-peer marketplaces accept this payment method.

PayBis doesn’t accept all Amazon cards. Your Amazon gift card must have been purchased for cash in the USA. Also, Amazon gift cards bought in Hawaii, Washington, New Mexico, Connecticut, Georgia, and New York aren’t accepted.

Please continue reading this PayBis review for more important information.

PayBis.com Customer Support And My Chat With Them

PayBis website has live chat. You can chat with them anytime you want. They were faster than any other exchange I found. They replied to my questions in minutes, not days like some exchanges.

Two users of BitcoinTalk forum had the same positive experience with PayBis customer support.

You can read the transcript of my chat below.

4:01
What’s you current fee for PayPal purchases?
Never mind. I found it.

4:09
Ok.
Feel free to contact if you have any questions!

4:10
I am checking this page paybis.com/verification/, but there is no PayPal. What are the limits for PayPal?

4:15
Because you cannot sell us PayPal, you only can buy it.

4:16
So I can buy BTC through PayPal?

4:17
You can sell us BTC and receive PayPal. Minimum amount is 1000USD.

4:17
So it is impossible to buy BTC through PayPal on PayBis?

4:23
Unfortunately, no. Right now you can only receive PayPal by selling us BTC.
However there many alternatives how to buy BTC, for instance, credit card.

4:26
Credit card carries the same fee as debit card?
Also, is Mastercard accepted?

4:28
Mastercard is accepted, yes. Credit card takes a bit higher fee then debit card, it depends on the bank.

PayBis Review Continued: 2nd Part Of My Chat: Verification

4:29
How long does verification usually take?

4:29
It takes up to 30min, in some cases may take up to 24h.

4:29
Are you available in all US states?

4:35
We do not work with the clients who are physically located in: New York (NY), Georgia (GA), Connecticut (CT), New Mexico (NM), Washington (WA), Hawaii (HI).

4:35
When you said that verification usually takes 30 minutes, did you mean Level 2 or Level 3?

4:39
On the credit card we have only level 2 verification.

4:40
How about verification for other payment methods?
I mean Level 3

4:40
For most of level 3 verifications 2-3 minimum transactions are required

4:41
And after they are completed, how long do you usually take to complete verification?

4:42
The same.
It takes up to 30min, in some cases may take up to 24h.

4:42
Do all bitcoin purchases with fiat money require verification?

4:43
Payeer does not require verification on our side, however it requires on their website.

4:45
And all the other payment methods require verification for any amount?

4:50
Yes, exactly.

4:50
I see EUR Bank Transfer and SEPA Bank Transfer on paybis.com/verification/, but I do not see them on paybis.com/rates/. Is this because they are accepted only through third party payment processors?

4:59
Yes, and client can use them if he has account in European Bank.

2019 Update Regarding PayBis Chat Above

SEPA bank transfer is now listed on the page mentioned above. You can be verified by PayBis to use it. Below you can see a table that lists the documents required for this and other payment methods.

Documents Required For PayBis Verification

Keep in mind three things about the table below. First, international passport is the recommended form of ID document and least likely to cause a delay. Second, national ID cards and driver’s licenses are also accepted. Third, only documents with English letters are accepted.
Payment MethodRequired Documents
Credit & Debit CardsLevel 2
1) Personal Information
2) Government ID
3) Backside of ID Document
USD Bank TransferLevel 1
1) Personal Information
2) Address Verification
3) USD bank statement no older than 3 months
4) Government ID
5) Backside of ID Document


Level 2
Selfie with your ID in hands


Level 3
Selfie with USD Wire Declaration
Perfect MoneyLevel 1
No verification necessary


Level 2
1) Backside of ID Document
2) Perfect Money account screenshot
3) Government ID
4) Address Verification
5) Personal Information
Advanced CashLevel 1
No verification necessary


Level 2
1) Backside of ID Document
2) Government ID
3) Address Verification
4) Personal Information


Level 3
1) Selfie with your ID in hands
2) Min. required transactions: 3
Mistertango SEPA InstantLevel 1
1) Personal Information
2) Address Verification
3) Mistertango Account Screenshot
4) Government ID
5) Backside of ID Document
EUR Bank TransferLevel 1
1) Personal Information
2) Address Verification
3) Government ID
4) Backside of ID Document
5) Bank statement


Level 2
Selfie with your ID in hands


Level 3
Selfie with SEPA Declaration
PayeerLevel 1
No verification necessary


Level 2
1) Personal Information
2) Address Verification
3) Government ID
4) Backside of ID Document
5) Selfie with your ID in hands

PayBis Limits

Payment MethodLimit
Credit & Debit CardsLevel 2
Daily limit:
20,000 USD
Monthly limit:
50,000 USD
USD Bank TransferLevel 1
Daily limit:
15,000 USD
Weekly limit:
15,000 USD


Level 2
Daily limit:
100,000 USD
Weekly limit:
100,000 USD


Level 3
Daily limit:
200,000 USD
Weekly limit:
200,000 USD
Perfect MoneyLevel 1
Daily limit:
2,500 USD
Yearly limit:
15,000 USD


Level 2
Daily limit:
30,000 USD
Monthly limit:
300,000 USD
Advanced CashLevel 1
Daily limit:
2,500 USD
Yearly limit:
15,000 USD


Level 2
Daily limit:
30,000 USD
Monthly limit:
100,000 USD


Level 3
Daily limit:
50,000 USD
Monthly limit:
200,000 USD
Mistertango SEPA InstantLevel 1
Weekly limit:
20,000 EUR
EUR Bank TransferLevel 1
Daily limit:
15,000 EUR
Weekly limit:
15,000 EUR


Level 2
Daily limit:
100,000 EUR
Weekly limit:
100,000 EUR


Level 3
Daily limit:
200,000 EUR
Weekly limit:
200,000 EUR
PayeerLevel 1
Weekly limit:
2,500 USD
Yearly limit:
15,000 USD


Level 2
Daily limit:
30,000 USD
Weekly limit:
300,000 USD

Available Cryptocurrencies

There are six cryptocurrencies you can buy on PayBis almost instantly. They’re listed below.

  1. Bitcoin Cash (BCH)
  2. Litecoin (LTC)
  3. Ethereum (ETH)
  4. Ripple (XRP)
  5. Bitcoin (BTC)
  6. NEO (NEO)

Coinmama Vs. Coinbase Vs. Bitit Vs. PayBis

If you're on a mobile device, place your finger on this table and slide it to the right to see all of the table content.
CompanyFeesSupportMaximum LimitsPrivacy RecordUser ReviewsAverage Purchase Time From Verification To Bitcoin ReceiptConclusion
Coinmama5.9%
-
10.9%
GoodOne million dollars per monthGoodExcellent1 hour - 1 dayYou can use it if you're okay paying high fees to an established company.
Coinbase1.49%
-
3.99%
Bad$50,000 per dayTerrible. They track all your cryptocurrency activity.Terrible1 day - 5 daysStay way from this evil exchange.
Bitit0.4%
-
8.75%
Excellent100,000 EUR per weekExcellentExcellent2 hoursGreat way to safely buy cryptocurrency, though it's slower than PayBis.
PayBis1.5% -
10%


Amazon gift cards aren't included in this estimate because PayBis alternatives don't offer this option.
Excellent300,000 USD per weekExcellentExcellentone hour or lessThe fastest legitimate way to buy cryptocurrency. It has better user reviews than any of its competitors. So here's the link to PayBis website.

Bottom Line

PayBis is definitely worth using if you intend to pay with a bank transfer.

It’s also worth using for card purchases in two situations. First, you’re okaying paying higher fees for faster service. Second, you want to buy cryptocurrency as soon as possible.

So if one of these three situations applies to you, please sign up for PayBis right now.

Try PayBis right now

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