Paybis Cryptocurency Exchange and Special Offers from Baxity

Cryptocurrency exchange services refer to platforms or digital marketplaces that enable users to buy, sell, trade, or exchange various cryptocurrencies. These services act as intermediaries that facilitate transactions between different digital currencies, allowing users to convert one cryptocurrency to another or to fiat currency (traditional government-issued currency like USD, EUR, etc.) and vice versa.

What is Paybis?

Paybis is an online platform designed to facilitate the buying, selling, and exchanging of cryptocurrencies. It offers a user-friendly interface that caters to both beginners and experienced traders looking to engage in crypto transactions. Cryptocurrency exchange platforms play a crucial role in the broader ecosystem of digital currencies, offering several important functions that contribute to the growth, adoption, and utility of cryptocurrencies.

Key Features of Paybis

1. Cryptocurrency Exchange Services
Paybis allows users to trade a variety of cryptocurrencies, including but not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many others.

2. Multiple Payment Methods
It supports various payment options such as credit/debit cards (Visa/Mastercard), bank transfers, Skrill, Neteller, AstroPay Wallet, AstroPay Voucher. The availability of these payment options may vary based on the user’s location and the currency they wish to transact with.

3. User-Friendly Interface
Paybis typically provides an intuitive and straightforward interface, making it easy for users to navigate through the platform and execute transactions.

4. Verification Process
Users are often required to undergo a verification process, adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This process may involve submitting identification and other documentation to verify accounts for higher transaction limits.

5. Customer Support
Paybis generally offers customer support services to assist users with queries, issues, or concerns. Support may be available through a ticketing system or live chat, providing immediate assistance when needed.

6. Security Measures
The platform typically implements security features to ensure the safety of user accounts and transactions. This might include encryption protocols, and other security measures to protect user information and funds.

7. Fee Structure
Paybis usually applies fees for its services, including transaction fees, processing fees, and currency conversion fees. The specific fees can vary depending on factors like the payment method used and the type of transaction performed.

How to exchange one cryptocurrency to another using Paybis?

To exchange you typically need to follow these general steps:

1. If you haven’t already, create a Paybis account on the platform. You might need to provide necessary details and complete a verification process as per their requirements. For detailed instructions regarding the verification process and the required documents, please refer to the section titled “Verification Process Details” a little further below in this article.
2. Use your credentials to log in to your Paybis account.
3. On the platform’s interface, look for the Exchange page to select the currencies you want to exchange and a currency you want to receive.
4. Enter the amount you wish to exchange. Pay attention to the exchange rate, commission details, fees, and the total amount you’ll receive. Press Continue.
5. You’ll need to provide all essential information into the boxes marked with *.
6. Confirm that everything is accurate before proceeding, agree Terms & Conditions and press button Continue.
7. Follow the instructions provided by Paybis to complete the exchange in Dashboard section and complete the payment.
8. After completing the exchange process, you should wait confirmation of the operator.
9. The status of your order you can check over Dashboard.

Always ensure you thoroughly understand the terms, fees, and details of the transaction before proceeding with any exchange on the platform.

Special Offer for Baxity Referral Link Users

Users who register on Paybis through the Baxity referral link are eligible for reduced fees up to 25% by using the promotional code PROMO25.

The following details apply to this special offer:

• Methods for Topping Up Balance: Skrill, Neteller, AstroPay Voucher, AstroPay Wallet
• Promotional Code: PROMO25
• Fee Reduction: Users can benefit from lower fees by inputting the promo code on each transaction they make on Paybis.
• Valid Registration: This offer is exclusively valid for users who register their account through the Baxity referral link.
• Validity Period: This promotional offer is valid until the end of December.

Please note:

• the PROMO25 promo code for reduced fees is applicable only to transactions made by users who have registered their Paybis account through the Baxity referral link. Users are required to enter the promo code during each transaction to enjoy the reduced fees offered under this promotion.
• in regions of the European Union (EU), the use of AstroPay might be unavailable or declined due to restrictions. While the AstroPay option may be present, there are limitations within the EU that may prevent transactions from being processed through this service.

Paybis payment options, limits and fees

This table below provides a comprehensive overview of transaction fees associated with different payment services available through platforms like Skrill, Neteller, AstroPay, and card transactions via Paybis. The fees mentioned encompass both purchase and sale transactions for each service, including the service fee, Paybis fees, and minimum transaction amounts.

Understanding these fees is crucial for users looking to engage in financial transactions via these platforms. Please note that Paybis offers a 25% discount on their transaction fees who register on Paybis through the Baxity referral link and use the promotional code PROMO25.

*Mainly, due to FX, which applies to all currencies that are non-USD, non-EUR, non-GBP

How to Verify the Paybis Account – Verification Process Details

Paybis may require users to comply with verification procedures to ensure security and regulatory compliance.

Below are the details/documents needed for verification:

1.  Proof of Identity:
A government-issued ID card, passport, or driver’s license with clear, legible information. Please ensure that the document is valid and not expired.

2. Proof of Address:
A recent utility bill (electricity, water, gas, landline phone), bank statement, or any official document displaying your name and current residential address. Ensure the document is dated within the last three months.

3. Selfie Verification:
A clear, high-resolution selfie holding the provided identification document (ID card, passport, or driver’s license) next to your face. Ensure all details on the document are visible, including your face and document information.

4. Additional Information:
Depending on the nature of the transaction or regional regulations, additional documentation or information might be requested for verification purposes – Selfie with Credit Card or Photo with printed or handwritten declaration.

Mandatory Verification for Users from High-Risk Countries

Please note that the verification process on Paybis is mandatory for users residing in countries identified as high-risk by our platform. These countries include, but are not limited to:

Algeria, Angola, Bangladesh, Benin, Burundi, Cambodia, El Salvador, Central African Republic, Chad, Comoros, Côte d’Ivoire, Djibouti, Ecuador, Equatorial Guinea, Eritrea, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Guyana, Honduras, Kenya, Laos, Lebanon, Lesotho, Liberia, Libya, Malawi, Mauritania, Mauritius, Mongolia, Morocco, Nicaragua, Niger, Pakistan, Papua New Guinea, Paraguay, Sierra Leone, Swaziland, Tajikistan, Togo, Tunisia, Turkmenistan, Uzbekistan, Zambia, Zimbabwe.

Residents of these countries are required to undergo the verification process as a part of our compliance with regulatory standards and to ensure adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This verification helps in securing our platform and maintaining a safe environment for all users.

Restricted Countries and Sanctioned Regions on Paybis

Please be aware that Paybis imposes restrictions and does not offer its services to individuals residing in certain countries and sanctioned regions. The restricted countries and sanctioned regions include:

• Restricted Countries:

Cayman Islands, Hawaii (state of the US), Iraq, Louisiana (state of the US), Myanmar, New York (state of the US), Palestine, Somalia, South Sudan, Sudan, West Bank, Western Sahara, Yemen.

• Sanctioned Regions:

Afghanistan, Belarus, Crimea, Cuba, Donetsk, Iran, Korea (North), Luhansk, Myanmar, Russia, Syria, Venezuela.

Residents or individuals located in these restricted countries and sanctioned regions are prohibited from using Paybis services. Compliance with international regulations and internal policies necessitates these restrictions. We apologize for any inconvenience this may cause and appreciate your understanding.

Verification Criteria Based on Transaction Thresholds and Geographic Risk:

Paybis requests users to undergo the verification process under the following conditions:

• Single Transaction Threshold: If a user makes a one-time deposit of $10,000 or its equivalent in cryptocurrency.
• Annual Turnover: For users with an annual turnover of $200,000 or its equivalent, subject to variations based on the user’s geographic location.
• High-Risk Country Classification: In cases where a user resides in a high-risk country, the verification thresholds may be set lower as per the KYC requirements.

Please note:

• The users from low-risk countries are typically asked for simplified verification documents, such as a passport and a selfie verification.
• The users from high-risk countries may need to undergo a more detailed verification process on Paybis, which could involve providing additional information such as proof of funds and completing questionnaires to establish the legitimacy of their financial activities. These measures aim to maintain regulatory compliance and enhance security on the platform.