Paybito Crypto Exchange Review: It Is Good Or Bad?

About Paybito Crypto Exchange

Paybito Crypto Exchange is a centralized cryptocurrency exchange from USA that was born in June 2018. It offers trading in a decent number of the bigger cryptocurrencies out there. PayBito is a Bitcoin and cryptocurrency exchange trading platform for major cryptocurrencies including Bitcoin, Ether, Bitcoin cash, Litecoin, HCX, ECR20 and many more. The platform allows purchases in INR, USD, AED and supports cryptocurrency trading pairs. Available in Web version, Android & iOS App.

PayBito is a leading cryptocurrency asset trading platform operating globally. It supports major cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, Bitcoin SV, HCX & more. The platform is designed and managed by a team with rich experience in Banking security systems, Cryptocurrency trading and Blockchain technology. PayBito offers some of the best rates and top-notch security in the crypto world.

Paybito Crypto Exchange Basic Points

How To Start ?

How To Sign Up At Paybito Crypto Exchange ?

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Paybito Crypto Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Paybito Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

PayBito Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book.

Paybito Crypto Exchange belongs to the group of exchanges that divides between takers and makers when chargin trading fees. Takers pay 0.20%, while makers receive a 50% discount and only pay 0.10%. These trading fees are quite in line with the industry average for centralized exchanges. Industry average has hsitorically been around 0.20-0.25% but they now see new industry averages being around 0.10%-0.15%. According to the largest empirical study ever performed on the subject (dated 31 October 2020), the industry average taker and maker fees were 0.213% and 0.16%, respectively.

So, in conclusion, PayBito’s trading fees are in line with, or even slightly below, the global industry averages. 

PayBito Withdrawal fees

Paybito Crypto Exchange has percentage based withdrawal fees (2.00%) for withdrawals of fiat currency. For withdrawals of BTC, however, the withdrawal fee is 0.0008 BTC per BTC-withdrawal. The current global industry average is 0.000643 BTC per BTC-withdrawal according to this report performed by us here at Cryptowisser.com, so This is a bit above average in this particular aspect.

Deposit Methods

In addition to depositing cryptocurrency to the platform, PayBito also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card). If you need an exchange accepting credit or debit card deposits, just use Exchange Filters and you’ll find one in no time at all.

Seeing as fiat currency deposits are at all possible at this trading platform, Paybito Crypto Exchange qualifies as an “entry-level exchange”, meaning an exchange where new crypto investors can start their journey into the exciting crypto world.

Key Advantage

Seamless workflow

Workflow beyond settlement custody trading and issuance curbs the need for reconciliation in the manual intervention and multiple systems.

Framework of services

Access to a wide assortment of marketplace services supporting business development and growth.

Built on enterprise blockchain

Paybito Crypto Exchange Provides immutability and traceability across the entire lifecycle of a digital asset on an auditable and immutable record.

Time to market

Comes with a low threshold path to setting up a reliable, scalable and efficient marketplace for asset-backed and native tokens.

Blockchain-multi-cloud

Created with a multi-cloud plan, compatible with blockchains to meet the needs of a global customer base.

Risk protection

Elements credit and market risk with pre-trade reservation and quick settlements.