KYC verification is often a requirement when creating a traditional bank account, with crypto’s anonymity, some investors still worry about privacy concerns.
Paybis is a UK-based crypto exchange service founded in 2014. Paybis takes account verification seriously. The objective is to prevent laundered funds from getting into the system. Most importantly, users’ identities are kept private after the exchange does their due diligence.
On Paybis, you must complete the verification process before you can buy bitcoin or any other cryptocurrency for the first time.
You will also need your photo ID and a webcam so Paybis can true identities. Don’t worry, it is fast and easy, and the data is only used to verify your identity.
Also, International AML regulations require Paybis to check your identity before you buy crypto on their platform as you cannot use their service anonymously.
This account verification and customer identification also allow them to provide the highest level of security on your crypto assets.
Key Takeaways
• You can only purchase bitcoin and other cryptocurrencies on Paybis when you pass the account verification and customer identification.
• Paybis supports over 30 cryptocurrencies with provisions for their wallets online should you wish to make use of an online wallet.
• On Paybis, you can buy any of the supported cryptocurrencies with your credit or debit card but you can only sell Bitcoin.
• The Paybis app is available on the Google Play Store and the Apple Store for easy access to the platform.
SEE ALSO: Is Paybis Compatible With Ledger Nano Wallets?
SEE ALSO: What Coins Are Supported On Paybis Exchange?
SEE ALSO: How Fast Does Paybis Send My Coins?
If any company offers you crypto exchange services without verifying your identity, it’s a huge red flag: they may be trying to scam you.
Rest assured, though, that they have made the customer identification as seamless as possible.
Speaking of crypto coins, Paybis does support over 30 cryptocurrencies which include Bitcoin, Binance Coin, Ethereum, Tether, Tron, Stellar Lumens, Dogecoin, Litecoin, Ripple, and Bitcoin Cash.
You can buy any of the above-mentioned cryptocurrencies with a debit or credit card or Skrill and Neteller if you are looking to buy bitcoin.
The Simplest Way to Buy Bitcoin on Paybis Instantly
If you are looking to buy bitcoin on Paybis, the simplest way to do that would be to make use of your credit or debit card. To do this, you will simply need to follow the steps below:
- Choose your Currency and Amount
Paybis supports 45+ international currencies so you can save on currency exchange costs.
All you need to do is to enter the amount you want to spend to buy bitcoin, and you will immediately see how much you will receive as there are no hidden costs.
When you first buy bitcoin with a credit card, you won’t be charged any fee although you may be asked to pay for other commissions. When you’re ready, click “Buy Bitcoin.“
- Pass Account Verification
Before you buy bitcoin for the first time, you will be asked to verify your account. You will need your photo ID and a webcam so Paybis can see it is you. This is done in other to verify your identity.
- Enter your Wallet Address
This is where the Ledger Nano wallet comes in or any given wallet of your choice. When you buy bitcoin with a credit card, it will be sent to your provided wallet.
Make sure you have access to it because there is no way to undo the transaction once it has been completed.
- Receive your Bitcoin
After you have made your payment, your bitcoin will be transferred to your wallet and your transaction becomes successful.
Keep in mind however that the transactions sometimes may take some time but in most cases not more than 15 minutes so you would need to be patient here.
Why Users Trust Paybis
Paybis for some time now has proven that it is one of the best in the business.
As such, it comes as no surprise that investors are more than willing to make use of their services.
In addition to this, here are the following reasons why Paybis is trusted by a lot of people worldwide:
- UK, EU, USA compliant
- 7 years in the business
- Transparent fee structure
- Live 24/7 support
- 30+ crypto and 47 fiat currencies
- Instant verification
- Lightning-fast crypto settlements
- 80+ dedicated professionals
- $500,000,000+ annual volume
- Used by beginners and pros alike
Final Thoughts
Paybis provides one of the best crypto exchange services on the crypto market. To make use of these services and much more, you will have to satisfy all necessary conditions such as account verification and customer identification and you are good to go.
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