© All rights reserved 2024 | Threenvest I/S
Menu
Your expert: Alejandro Borja
Your expert: Xavier Tarrasó
Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
Comparison sponsored by the best exchange
eToro
eToro Special Offer*
Earn up to 4.90% APY on uninvested cash with eToro USA.
Account Minimum
Get started with just $100.
And 1% fee on all cryptocurrency trades.
| Paybis | FEATURES | Simpleswap |
|---|---|---|
|
Paybis offers a flexible minimum trade amount, making it accessible for beginners to start trading without a significant initial investment. |
Minimum Trade |
SimpleSwap supports flexible trading with no minimum deposit, making it accessible for casual users and beginners to start trading with any amount. |
|
Paybis charges fees that are somewhat higher than some of its competitors, which might deter frequent traders seeking cost efficiency. |
Trading and Transaction Fees |
The platform operates with a straightforward fee structure but lacks the transparency of detailed fee breakdowns that might benefit users looking for cost efficiency. |
|
While Paybis supports popular cryptocurrencies, its selection is limited compared to larger exchanges, impacting traders looking for variety. |
Number of Cryptocurrencies |
Offers a wide variety of over 300 cryptocurrencies, providing users with extensive options for trading different digital assets. |
|
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 |
Supports numerous trading pairs, allowing for versatile crypto-to-crypto exchanges, though it could expand into more niche or emerging cryptocurrencies. |
|
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 |
While the website is user-friendly, it could improve by providing more detailed information about the company’s background and operational logistics. |
|
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 |
SimpleSwap focuses solely on cryptocurrency exchanges and does not provide additional financial tools like an exchange card, limiting its utility for everyday transactions. |
|
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 |
Provides secure storage options, though detailed information on security measures and storage capabilities could be more transparent. |
|
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 and rewards are available, which could be enhanced to attract long-term investors. |
|
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 |
Offers a functional mobile app that is efficient and convenient for trading on the go, although further enhancements could improve user experience and features. |
|
Paybis is highly rated for its customer service, offering quick and helpful support through multiple channels. |
Customer Service |
Generally receives positive feedback for customer service, but could benefit from extended support hours and faster response times. |
|
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 |
Crypto deposits and withdrawals are supported, but the addition of fiat options and reduction of withdrawal fees would improve this feature. |
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.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S