Your expert: Alejandro Borja
Investing risks losing your money
Your expert: Xavier Tarrasó
Investing risks losing your money
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Paybis | FEATURES | Paribu |
|---|---|---|
|
Paybis offers a flexible minimum trade amount, making it accessible for beginners to start trading without a significant initial investment. |
Minimum Trade |
Paribu allows trading with very low minimum thresholds, making it accessible for beginners and those with limited capital. |
|
Paybis charges fees that are somewhat higher than some of its competitors, which might deter frequent traders seeking cost efficiency. |
Trading and Transaction Fees |
Paribu’s fees are slightly above average, but it offers reductions for higher volume traders, balancing cost with trading activity. |
|
While Paybis supports popular cryptocurrencies, its selection is limited compared to larger exchanges, impacting traders looking for variety. |
Number of Cryptocurrencies |
Paribu offers a moderate variety of cryptocurrencies, primarily focusing on major ones, which might limit options for those looking to trade less common coins. |
|
Paybis has a moderate range of crypto-to-crypto trading pairs, but it lacks the depth found on platforms specifically designed for experienced traders. |
Crypto-to-Crypto Trading Pairs |
The platform has limited crypto-to-crypto pairs, focusing mainly on fiat to crypto transactions, which could be a downside for versatile traders. |
|
The Paybis website provides clear information about fees and policies, although some users might seek more detailed data on security practices and fund storage. |
Website Transparency |
The website provides clear information about trading conditions and fees, though some details about governance and operations could be more comprehensive. |
|
As Paybis focuses on simplifying the cryptocurrency trading process, it currently lacks additional financial tools like a payment card, which could enhance the versatility and everyday usability of its platform for users. |
Credit/Debit Card |
As Paribu focuses primarily on cryptocurrency trading within the Turkish market, the absence of an exchange card limits the utility and flexibility for users seeking integrated financial services like spending crypto directly for purchases or earning rewards. This could be an area for potential development to enhance user engagement and overall platform utility. |
|
Paybis provides secure storage options, but it doesn’t offer as many advanced features like insurance or multiple signature options as some larger platforms. |
Storage Offering |
Offers secure storage solutions, but lacks some advanced security features like multi-sig wallets or insurance on assets. |
|
Explanation: Limited opportunities for staking or earning rewards on Paybis may deter users looking to profit from holding cryptocurrencies. |
Staking and Rewards |
Limited staking options are available, which might not cater to users looking to earn through staking or participation in network security. |
|
The Paybis mobile app and desktop version are user-friendly and reliable, though they may lack some advanced trading tools found in more specialized apps. |
Mobile App and Desktop |
Both mobile and desktop platforms are user-friendly and well-designed, offering good usability but lacking some advanced trading tools. |
|
Paybis is highly rated for its customer service, offering quick and helpful support through multiple channels. |
Customer Service |
Excellent customer service with 24/7 availability and multiple support channels, including direct responses. |
|
Deposits and withdrawals are generally straightforward and quick on Paybis, but fees associated with these processes might be higher than at other exchanges. |
Deposit and Withdraw |
Offers multiple deposit and withdrawal methods but can improve by adding more international options and reducing fees for certain transactions. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
