Cryptocurrency exchanges are growing in popularity. More options are being introduced to the markets, with features and products that were previously unavailable to the public.
If you have been investing in crypto for the past few years, you probably know that Coinbase, Binance, and other giants of the industry take up most of the transactions in the space.
But are these really the best platforms out there? Today, we take a look at a less popular platform that has grown in popularity due to its customer oriented business model and incomparable features.
Paybis is one of the most interesting exchange platforms for cryptocurrency enthusiasts, and you are about to find out why.
What makes Paybis the best exchange?
Established in 2014, Paybis has become one of the best options for investors worldwide. Whether it’s for its multiple payment methods and the ease of use or the pampering of the customer support team, there are many reasons you might want to consider this exchange.
Let’s analyse each of the benefits in more detail to better understand the dynamics of the platform.
Multiple payment options
Most exchanges support bank payments for all cryptocurrency transactions. It is the most common payment method in the crypto industry. Lately, another trend is starting to emerge with credit cards being used for faster and more efficient transactions.
Still, there is a huge audience that remains underserved. Many countries do not offer banking opportunities to their residents, which leaves them susceptible to cash-only, peer-to-peer transactions.
This is where Paybis comes to the aid. Apart from bank transfers and credit card transactions, Paybis allows its users to buy Bitcoin and other cryptocurrencies using the following payment methods:
- Advanced Cash
All these payment services account for faster transactions, less waiting time, and better time management.
Apart from that, the exchange is also rolling out a gift card feature, allowing users to gift cryptocurrency to their friends and family. They can then easily redeem it through the platform.
Fast ID verification
ID verification has always caused an headache to investors. The automated systems in place often fail to recognize international ID documents or simply take too long to conclude the process.
At some point in the past, exchange platforms had to even stop registrations because they couldn’t keep up with the time required to review and verify new accounts.
It seems like Paybis noticed this issue before it became a real problem. The exchange has an in-house team of experts who check each and every verification manually and in real time, to ensure that everyone who wants to buy crypto has the opportunity to do so.
The process takes less than 5 minutes to complete and is only needed the first time you attempt to make a transaction with a particular payment method.
Responsive customer support team
Talking about an in-house team, we couldn’t skip the most important team of them all – the customer support.
Paybis has a team of skilled, multilingual support agents who are only at all times to answer any question you may have. Is your question not directly related to your transaction? That is fine as well. Simply open the live chat and start a conversation.
We wanted to test this and asked how we can create a wallet to store our coins. Long and behold, the team directed us to their blog, where most information about the process can be found.
The support agents are primarily responsible for the excellent score that Paybis has received from reviewing platform Trustpilot. More than 7000 positive reviews is something to be proud about.
No exchange wallets
Why would we ask how to create a wallet? Doesn’t Paybis have its own exchange-based wallets?
Thankfully, they don’t! Exchange-based wallets are a major issue for the ethical nature of cryptocurrency, as well as the safety of your coins. When your coins are stored on an exchange, the platform controls your coins.
Thi is exactly why Paybis sends your funds directly to your personal wallet. As soon as your verification is completed you will be asked to enter the details of your wallet to continue with your transaction.
Simple and easy to use
Most exchanges are not meant to serve the tech-illiterate. All sorts of different graphs, products and functions make the process very complex for new users.
The same is not true with Paybis, The dashboard of the exchange platform is focused on simplicity. The minimalist interface shows only the essentials, so you can start a transaction with just a few clicks.
Simply select your payment method from the left box (You spend) and your payout option from the right box (You receive).
Enter the amount you wish to spend and click on the designated button on the right side to initiate a new transaction.
Keep in mind that new users benefit from one commission-free transaction when paying with a credit card or debit card. This may be one of the top benefits for amateur and experienced investors alike. So if you want to buy Bitcoin with credit card in a fast and efficient way, look no further than Paybis.
Conclusion – Should you use Paybis?
You now have a better idea as to why Paybis grew to serve hundreds of thousands of customers. The platforms is constantly improving upon the major issues faced with popular exchanges today. But should you use it?
The answer depends on your goals. If you are planning to hold onto your cryptocurrency for a long time, then Paybis is certainly the best option out there. The benefit of fee-free transactions makes this point even stronger.
On the other hand, if you are a Swing trader or like to exchange your cryptocurrency very often, you might want to look for other options. Paybis does not support crypto-to-crypto transactions which makes it less than ideal for people who are used to trading platforms like Binance, Bitsgap or Bittrex.