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 | Coins.Ph |
|---|---|---|
|
Paybis offers a flexible minimum trade amount, making it accessible for beginners to start trading without a significant initial investment. |
Minimum Trade |
The minimum trade amount varies by cryptocurrency, with popular currencies like Bitcoin having very small minimum requirements, allowing for micro-transactions. |
|
Paybis charges fees that are somewhat higher than some of its competitors, which might deter frequent traders seeking cost efficiency. |
Trading and Transaction Fees |
Coins.ph charges competitive rates, typically lower than many other licensed exchanges in the region. This includes a spread on buy/sell transactions and minimal fees for crypto transfers. |
|
While Paybis supports popular cryptocurrencies, its selection is limited compared to larger exchanges, impacting traders looking for variety. |
Number of Cryptocurrencies |
Coins.ph offers over 50 cryptocurrencies, providing a diverse range of options for traders. |
|
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 supports numerous trading pairs involving major cryptocurrencies and Philippine Pesos, catering extensively to local market needs. |
|
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 Coins.ph website provides clear information on fees, processes, and security measures, enhancing user trust and compliance transparency. |
|
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 |
Coins.ph does not offer an exchange card for in-store purchases. |
|
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 |
Coins.ph offers a secure digital wallet service with robust security measures including 2FA. Highly secure with a user-friendly interface. |
|
Explanation: Limited opportunities for staking or earning rewards on Paybis may deter users looking to profit from holding cryptocurrencies. |
Staking and Rewards |
Currently, Coins.ph does not offer staking services for earning rewards on crypto assets. This is a significant area for potential growth and user engagement. |
|
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 interfaces are available, with the mobile app being particularly praised for its user-friendly design. Excellent accessibility and usability across devices. |
|
Paybis is highly rated for its customer service, offering quick and helpful support through multiple channels. |
Customer Service |
Known for its effective customer service with multiple channels including live chat and email support. While generally good, there is room for faster response times and extended support hours. |
|
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 |
Users can easily deposit and withdraw funds using various methods including bank transfers, credit/debit cards, and even through physical retail partners. Highly accessible but could benefit from reduced fees and faster processing times for certain methods. |
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.
