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Fees
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Fees
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Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Poloniex | FEATURES | Paybis |
|---|---|---|
|
Poloniex allows for relatively small minimum trade amounts, which is ideal for new traders looking to experiment with minimal investment. |
Minimum Trade |
Paybis offers a flexible minimum trade amount, making it accessible for beginners to start trading without a significant initial investment. |
|
Known for competitive, low trading fees, Poloniex is an excellent choice for cost-effective trading. |
Trading and Transaction Fees |
Paybis charges fees that are somewhat higher than some of its competitors, which might deter frequent traders seeking cost efficiency. |
|
Offers a broad range of cryptocurrencies, although not as extensive as some larger exchanges. |
Number of Cryptocurrencies |
While Paybis supports popular cryptocurrencies, its selection is limited compared to larger exchanges, impacting traders looking for variety. |
|
Provides a wide variety of trading pairs, allowing for versatile trading strategies but could expand to include more rare or emerging tokens. |
Crypto-to-Crypto Trading Pairs |
Paybis has a moderate range of crypto-to-crypto trading pairs, but it lacks the depth found on platforms specifically designed for experienced traders. |
|
While Poloniex provides essential information, there could be more detailed disclosures about security practices and fund storage. |
Website Transparency |
The Paybis website provides clear information about fees and policies, although some users might seek more detailed data on security practices and fund storage. |
|
Poloniex does not offer an exchange card for in-store purchases. |
Credit/Debit Card |
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. |
|
Offers secure storage options, but lacks some advanced features like insured custodial services. |
Storage Offering |
Paybis provides secure storage options, but it doesn’t offer as many advanced features like insurance or multiple signature options as some larger platforms. |
|
Offers some staking options, but the rewards and variety are not as competitive as other leading exchanges. |
Staking and Rewards |
Explanation: Limited opportunities for staking or earning rewards on Paybis may deter users looking to profit from holding cryptocurrencies. |
|
Both the mobile app and desktop platform are user-friendly and reliable, though some users may find them less feature-rich compared to those of top competitors. |
Mobile App and Desktop |
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. |
|
Customer service is available, but response times and the quality of support have room for improvement. |
Customer Service |
Paybis is highly rated for its customer service, offering quick and helpful support through multiple channels. |
|
Deposits and withdrawals are handled efficiently, though primarily limited to cryptocurrencies which might limit accessibility for some users. |
Deposit and Withdraw |
Deposits and withdrawals are generally straightforward and quick on Paybis, but fees associated with these processes might be higher than at other exchanges. |
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