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Fees
Earns
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Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Paybis | FEATURES | Switchere |
|---|---|---|
|
Paybis offers a flexible minimum trade amount, making it accessible for beginners to start trading without a significant initial investment. |
Minimum Trade |
Switchere offers a low minimum trade amount, making it accessible for beginners or those looking to experiment with small 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 |
The fees are relatively high compared to industry standards, which might deter frequent traders or those dealing in larger volumes. |
|
While Paybis supports popular cryptocurrencies, its selection is limited compared to larger exchanges, impacting traders looking for variety. |
Number of Cryptocurrencies |
Switchere supports a limited but essential selection of cryptocurrencies, suitable for those new to crypto but restrictive for diverse portfolios. |
|
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 |
Offers basic trading pairs; however, it lacks the variety provided by larger exchanges, limiting strategic trading options. |
|
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 clearly outlines fees, processes, and security measures, providing users with the information they need to make informed decisions. |
|
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 |
Switchere focuses on direct cryptocurrency purchases with fiat and does not provide additional financial tools like a branded exchange card. |
|
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, though it might lack some advanced security features available on more specialized platforms. |
|
Explanation: Limited opportunities for staking or earning rewards on Paybis may deter users looking to profit from holding cryptocurrencies. |
Staking and Rewards |
Limited options for staking and rewards, which could be expanded to encourage longer-term investments and user retention. |
|
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 reliable, though they may lack some functionalities expected by advanced users. |
|
Paybis is highly rated for its customer service, offering quick and helpful support through multiple channels. |
Customer Service |
Generally responsive and helpful, but some users may experience delays during peak 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 |
The process is straightforward, but the high fees for some operations and limited methods for withdrawal can be a drawback. |
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