How Long Does It Take to Buy Cryptocurrency on Paybis?

The exponential rise of cryptocurrency trading and Paybis is making it easier for anyone else to access it. Knowing how to buy cryptocurrency on Paybis is key, whether you are a novice or seasoned trader. Here is how you can educate yourself on the subject and better understand when to buy Bitcoin or any other cryptocurrency of choice.

What is Paybis?

Paybis is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies quickly and securely. One of the most user-friendly platforms that offers a high level of security is Paybis. It accepts payments through an extensive list of options like credit/debit cards, bank transfers etc. and even digital wallets such as Skrill or Neteller.

Registration and Verification Process

The first step in buying cryptocurrency on Paybis is creating an account. The registration process is straightforward:

1. Sign Up: Visit the Paybis website and click on 'Sign Up' Enter your info i.e., email and password
2. Verification: To comply with KYC (Know Your Customer) regulations, Paybis must verify your identity. For that, you will have to provide a government-issued ID and an image of yourself. This process is usually completed within a few minutes to hours, depending on the volume of requests.

Payment Methods and Transaction Time

Paybis accepts multiple payment types each having varying processing timeframes:

1. Credit/Debit Cards: Buying cryptocurrency with your bank/debit card is one of the fastest ways you can buy cryptos on Paybis. Transactions are usually completed within minutes, so this is a good option for those who want instant cryptocurrency access.
2. Bank Transfers: A different popular payment method is the BANK TRANSFER. Instead they are a bit slower, and can take 1-5 business days (as per your bank & location) to show up in its final form.
3. Digital Wallets (Skrill, Neteller): Digital Wallets transactions are processed instantly and typically take 15 minutes maximum.

Step-by-Step Guide to Buying Cryptocurrency on Paybis

1. Log In: After completing the registration and verification process, log in to your Paybis account.
2. Select Cryptocurrency: Select the cryptocurrency you wish to purchase from one of their supported assets.
3. Choose Payment Method: Choose how you want to pay. It supports credit/debit cards, bank transfers and digital wallets.
4. Enter Amount: This field is where you type in how much of the coin on this side you want. After selecting a payment method, Paybis will show you the equivalent in fiat currency.
5. Complete Payment: Instructions for completing your payment. If you paid with a credit/debit card or digital wallet, the processing should only take minutes. Bank transfer will need to clear in order for you activate Forex buying and selling with mirror trading.

Fees and Limits

Paybis is transparent about their fees. There are two types of fees:

1. Service Fee: This fee covers the cost of operating and transacting. Depends on how you're paying and the size of your transaction. Credit card transactions are an example of a higher fee as opposed to bank transfers.
2. Network Fee: It is the fee paid to blockchain network for executing the transaction. This is a constant value which depends upon the cryptocurrency you intend to transact in.

For each method of payment, Paybis have its own transaction limits.

• Credit/Debit Cards: Minimum $10, Maximum $20,000
• Bank Transfers: No specified minimum, Maximum $250,000
• Digital Wallets: Minimum $50, Maximum $25,000​.

Security Measures

The security of Paybis is also a high priority. In addition to the above, Paybis protects user funds and data using multiple layers of security:

1. MPC Wallet: Paybis uses a Multi-Party Computation (MPC) model protected by wallets. With this technique, the private key is separated into different fragments and stored in distinct places to lessen unauthorized access.
2. KYC Verification: It is a must have feature of KYC verification on your exchange that prevents fraud and makes genuine users only.
3. SSL Encryption: Everything that you transmit to or receive from Paybis is encrypted via SSL so as not for sensitive information go into wrong hands.

Customer Support

Paybis has a great client support, that is available at all times through live chat and email. The costumer service has a quick response and can help you if have any problem or doubt while shopping. Moreover, Paybis has several languages for their support to appeal to of all regions.

Conclusion

Purchasing cryptocurrency on Paybis is a straightforward process with high efficiency. Paybis provides its users with multiple payment methods, fast execution of transactions and has a very high level of security measures. In short, whether you are a newbie or pro-crypto holder... Paybis will allow you to confidently buy crypto! With the above steps, you can buy any cryptocurrency of your choice within few minutes in a safe way.