As the crypto industry continues to expand, Paybis stands out for its commitment to making crypto accessible and straightforward, especially for beginners and newcomers in the space.
That said, we got the chance to interview Konstantins Vasilenko, who is the Co-Founder and the Chief Information Officer (CIO) of Paybis, as he explained how the business side of the company works during an exclusive interview with UseTheBitcoin at the recent Money 2020 event in Bangkok.
What Is Paybis?
Founded in 2014, Paybis is a cryptocurrency exchange that aims to make it easy for investors to convert their fiat currencies into crypto, with a selection of well-known digital assets to choose from. With this platform, users will be able to purchase a list of available cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Binance Coin (BNB), and a few more options.
With a decade of experience handling over $2.5 billion in transactions across 10 million users, the company has a fully licensed platform with a streamlined user interface, unbeatable security, and cutting-edge features that allow retailers to buy, sell, and store crypto.
“We have been in the market for ten years and can say we are an established business,” Konstantins Vasilenko, Co-Founder and Chief Information Officer of Paybis, told UseTheBitcoin during the recent SEABW conference.
Also Read: Paybis Platform Review: Buy Bitcoin With Credit Or Debit Card
What Does Paybis Do?
Paybis is best known for allowing users to make payments using multiple payment options like credit and debit cards. Notably, the platform has a global reach, expanding its availability to about 180 countries worldwide.
“What we are focusing on right now are the two main lines of our business,” Vasilenko said. “First is our Business-to-Consumer (B2C), which is our main product [Paybis] that targets retailers and newcomers to the crypto space who want an easy way to buy crypto,” Vasilenko added.
“The second line of our business is the Business-to-Business (B2B) part, which we refer to as an on-ramping/off-ramping white-label solution for businesses. In essence, this B2B solution enables companies to allow their customers to buy and sell crypto through them while we take care of everything behind the scenes,” Vasilenko further explained.
A Step-By-Step Guide To Using The Paybis Platform
Here’s a general overview of how the Paybis platform works:
Create A Free Account On Paybis
To buy crypto with a debit card or credit card, you will have to create an account on Paybis. This is completely free and only takes a few moments. All you need is a valid email address and a phone number.
Depending on your location, mode of payment, and the amount of cryptocurrency you are trying to buy, you may be asked to complete a quick KYC (Know Your Customer) process. Notably, their support team is always on standby to assist you with this, and the entire process is usually finished within five minutes!
Enter Your Preferred Amount In BTC Or Local Currency
The next step is to decide how much Bitcoin (BTC) you want to buy. You can either enter the amount in BTC or decide how much of your local currency you want to spend, and the corresponding BTC amount is calculated instantly. Paybis currently supports 46 fiat currencies and has plans to include more in the future.
The amount to be paid already includes the network and service fees, and there are no hidden costs whatsoever on your transactions. What you see is what you get!
Choose A Preferred Wallet
You need a wallet compatible with receiving your Bitcoins. You can choose a non-custodial Bitcoin wallet to receive and store your BTC. However, you will have to familiarize yourself with concepts like public address, seed phrase, and best practices of wallet security.
If you opt for Paybis’s custodial wallet, you can bypass all of that learning curve. Just sign in, and you can access your crypto assets from anywhere worldwide!
Complete The Transaction And Receive Your BTC Instantly
To complete your Bitcoin purchase, provide your credit card or debit card details (card number, name on card, and three-digit security code).
Paybis also offers several other payment methods to purchase Bitcoins such as Apple Pay, Google Pay, Skrill, and PIX, just to name a few.
Once your transaction goes through, you will get your Bitcoins in a few minutes!
Final Thoughts
For further information about Paybis and to stay updated on their announcements, please visit their website and follow their official social media channels provided below:
👉 Website: https://paybis.com/
👉 Twitter/X: https://twitter.com/paybis
👉 LinkedIn: https://www.linkedin.com/company/paybis/?originalSubdomain=uk
👉 Facebook: https://web.facebook.com/Paybis/?_rdc=1&_rdr
👉 Instagram: https://www.instagram.com/paybis/
👉 Instagram: https://www.instagram.com/paybis/
