Updated June 2, 2023

Paybis Review

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Paybis is a cryptocurrency exchange offering the ability to instantly buy Bitcoin with a credit or debit card. But is it worth the price?

5-point scale (the higher, the better)

Pros and Cons

  • Simple Interface
  • Quick Credit and Debit Purchase ability
  • Quality Customer Support
  • Relatively high fees
  • No extra features

Bottom Line

No-frills exchange that's honed in on the ability to buy and sell crypto and little else

Buying Bitcoin for the first time can be tricky.

Most popular exchanges require linking your bank account or a time-consuming wire transfer.

Paybis, on the other hand, aims to make the whole process much easier. Traders can simply use their credit and debit cards to instantly buy Bitcoin.

But does Paybis do it any better than the big exchanges? Read this detailed review to find out.

What is Paybis?

Founded in 2014 and based in the UK, Paybis is a cryptocurrency exchange aiming to become the "most trusted and responsive platform on the market." Fortunately, their high rating on Trustpilot suggests that they may be succeeding.

Paybis's exchange offers instant credit and debit card purchases on a range of cryptocurrencies and offer liquidity services for banks and businesses all over the world. They're compliant in the UK, EU, and U.S., and offer 24/7 live support.

Is Paybis trustworthy? With 9 years in service, cooperation with government agencies, and a good list of security features, Paybis is a trustworthy exchange. It's also received high reviews on Trustpilot for it's impressive customer support, so you can expect a generally good experience.

Paybis Pros and Cons

Before you dive into the details, review these quick pros and cons to know if Paybis is right for you.


  • Can buy coins instantly with credit/debit card
  • Beginner-friendly interface
  • Regulated by the FCA (U.K.)
  • Registered with FinCEN (U.S.)
  • Transparent about fees
  • 24/7 live chat support
  • Non-custodial platform (gives you more control)


  • Fees can be high
  • No advanced features

Keep reading to review Paybis's full stack of features, fees and security measures.

What Cryptocurrencies Do They Support?

Paybis currently supports 150+ crypto and fiat currencies, including:

  • Bitcoin, Dogecoin, Binance Coin (BEP2 and BEP20), Tether (TRC20 and ERC20), Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, TRON, and many more.

They support purchases using fiat currencies, such as:


Where are They Available?

Paybis is available in over 180 countries and 48 U.S. states.[1]

They are currently not available in the following countries:

  • Abkhazia, Afghanistan, Belarus, Crimea, Cuba, Iran, Iraq, Myanmar, North Korea, Northern Cyprus, Palestine, Russia, Sahrawi Arab Democratic Republic, Somalia, South Ossetia, South Sudan, Sudan, Syria, Yemen.

They are available in all U.S. states except Hawaii and New York.


Paybis' main feature is its easy-to-use exchange. Its user-friendly interface may appeal to those who are new to buying crypto. Here's how it works:

  1. Traders can quickly input their purchase details, including:

    • How much they want to spend
    • Their purchase method
    • Which one of the cryptocurrencies they want to buy

  2. Then, just click buy.

  3. The crypto will shortly be deposited directly into whatever wallet you've specified during set up.

Best of all, Paybis offers the ability to purchase crypto with credit or debit cards—they currently accept Visa and Mastercard, but not American Express.

They also accept prepaid cards from the same providers, as well as bank transfers in USD, EUR, and GBP, and through digital payment providers Skrill and Neteller.

They also offer quick-buy options for $1,000, $5,000, $10,000, and $20,000.

Because they know that setting up an account on any exchange can be a bit of an ordeal, Paybis offers their first transaction fee-free.

While making a purchase is relatively easy, users are required to verify their accounts to get started in order to comply with KYC (know your customer) and AML (anti-money laundering) standards. This may include providing certain personal information and completing a liveness verification using a smartphone or webcam.

The Paybis exchange is licensed with the FinCEN Department of the Treasury, in the United States.

For businesses, Paybis also provides liquidity services. Clients may include banks, fintech businesses, payment processors, e-money companies, affiliate programs, OTC desks, the gaming industry, and other trading platforms.


Paybis has a fairly straightforward fee structure that primarily depends on which currencies—both crypto and fiat—are involved in a transaction.

  • Paybis Transaction Fee: 2.49%; waived on your first purchase
  • Credit or Debit Card Processing Fee: Minimum $10 USD equivalent, or 4.5% for transactions in USD, EUR, GBP, and up to 6.5% for other currencies
  • Network Fee: Varies depending on cryptocurrency and current demand, but not amount spent; charged by miners to confirm transactions on the blockchain

A 6.99% minimum fee per transaction, plus the network fee, makes Paybis one of the more expensive cryptocurrency exchanges. By comparison, Coinbase users might expect to pay roughly 4% for a credit card purchase, and Binance 3.5%.

Users may also be subject to:[2]

  • Cash Advance Fee: Up to 5%; charged by banks or card issuers on crypto purchase transactions, as Visa and Mastercard have decided to consider all cryptocurrency transactions as "cash advance transactions"
  • Exchange Rate Fee: Varies; charged by your bank or card issuer for converting your native currency to EUR, USD, or GBP


Paybis is registered with the Financial Conduct Authority of the UK and with the Financial Crimes Enforcement Network of the U.S.

They employ a range of security measures to keep your coins, your money, and your data safe.

  • KYC (know your customer): Paybis enforces strict KYC regulations, meaning you'll need to properly verify your identity before taking any actions on the platform.
  • Non-custodial: As a non-custodial exchange, Paybis doesn't hold your cryptocurrency—meaning you won't have to worry about them getting lost. This takes a lot of security issues revolving around insurance and hot or cold coin storage off the table entirely.
  • Customer Support, 24/7: Paybis makes sure that support professionals are available around the clock for when you've got a problem that can't wait. This may be why their Trustpilot rating is consistently so high.

Ease of Use

Paybis stands out for its ease of use, ensuring a seamless experience for both desktop and mobile app users. Its simplicity and the ability to buy crypto in preset amounts mean that it avoids much of the confusion that new users may experience with other exchanges.

Choosing your currencies, quantities, and payment methods is a very intuitive process, and the limited number of popular cryptocurrencies on offer means that you don't need to hunt for what you're after.

The addition of a knowledge page and 24/7 live support mean that it's quite easy to get started, no matter how inexperienced you are.

How it Compares

Coinbase is one of the most popular cryptocurrency exchanges out there, known for being beginner-friendly, if a little expensive.

Compared to Paybis, Coinbase offers a much wider range of coins (over 65), and a range of useful features including:

  • A Visa debit card with 4% cash back,
  • The Coinbase Wallet
  • Limited Bitcoin-backed loans

Those looking for a full-service platform may prefer Coinbase over Paybis. However, where Paybis stands out is its customer support, which Coinbase is not known for, and the ease of accessing your own coins.

Binance frequently ranks as the cryptocurrency exchange with the largest trading volume worldwide.

Overall, it's a more expert-oriented platform than Paybis, offering an extensive range of trading pairs and much lower rates (potentially as low as 1% per transaction, even for average traders).

What may draw users to Paybis are its simplicity and the ease of getting started. In most other areas, Binance outperforms.

Bottom Line

Paybis is a platform targeting users who want absolute minimum fuss when it comes to buying cryptocurrency, even if it comes at a cost.

Straightforward and easy to use, it will be a simple matter for even the most inexpert investors to buy their first Bitcoin on Paybis' desktop platform, and the ability to buy using credit and debit cards is definitely a plus.

That said, those looking for a range of coins beyond the most popular, or willing to deal with the steeper learning curve of other exchanges, may opt not to use Paybis in exchange for much lower fees.


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Jeremy Harshman is a creative assistant at CreditDonkey, a crypto comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

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