Bingx vs Paybis: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bingx and Paybis This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Bingx

Paybis

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Bingx is ideal if:

Social or copy traders: You’ll benefit from one of the most robust copy-trading ecosystems in crypto, with transparent trader metrics and automated execution tools.
Beginners needing ease and tools: The platform combines a clean, intuitive interface with demo trading, grid bots, and straightforward guidance—designed to ease newcomers into crypto trading.
Leverage and derivatives users: Advanced traders get access to high leverage (up to 125×), diverse derivatives beyond crypto (like forex, indices, commodities), and TradingView-style analysis features.

Paybis is ideal if:

Great for beginners seeking a fast, simple fiat-to-crypto gateway—no need to navigate complex spot or derivatives trading.
Strong if you value diverse payment flexibility and global reach, with many regional options and coverage in most countries.
Not the best fit if you're aiming for advanced trading tools or a wide altcoin selection, as it's streamlined rather than comprehensive.

Bingx isn’t ideal if:

You want direct fiat trading or card support: If you prefer depositing and withdrawing fiat currencies directly, this may be a drawback—BingX relies heavily on third-party or stablecoin conversions rather than full fiat integration.
You need full support in heavily regulated markets: Residents of countries like the US, UK, or Canada may not be able to access the platform due to local restrictions or compliance policies.
You expect phone-based customer support: Support options are limited to email and live chat, so if you need voice assistance, this platform may fall short for your needs.

Paybis isn’t ideal if:

If you're chasing advanced trading features, Paybis might fall short—it lacks charts, derivatives, leverage, and complex order types.
Not the best fit if you want deep altcoin variety or emerging tokens—its selection is narrower than bigger exchanges.
May feel limiting for regular traders seeking low-cost frequent trades, as it's optimized more for convenience than cost efficiency.

Fees & Total Costs

Spot Maker/Take

Most major spot pairs carry a flat maker-and-taker rate of around 0.1 %, though less liquid or niche tokens may incur slightly higher rates up to 0.15 %, and VIP levels or usage of the native token can unlock discounts.

Paybis operates as a fiat-to-crypto gateway rather than a traditional exchange with maker/taker tiers, so those terms don’t apply—fees are built into the overall service cost, which may vary by payment method and amount.

Futures/Derivatives

Perpetual futures typically cost about 0.02 % for makers and 0.05 % for takers, plus a funding rate that updates roughly every eight hours and can swing depending on market imbalances.

Paybis does not offer futures or derivatives trading—it’s purely focused on straightforward buy/sell crypto transactions without margin, leverage, or funding fees.

Average Spreads on Liquid Pairs

For top-tier pairs like BTC/USDT and ETH/USDT, the spreads are very tight, reflecting strong liquidity and efficient execution in the order book.

Paybis doesn’t publish typical spot spreads for pairs like BTC/USDT or ETH/USDT; instead, the rate incorporates market price plus service margin as a bundled rate.

Fiat Deposits & Withdrawals

Users must rely on third-party services (like MoonPay or Mercuryo) or P2P methods for fiat funding; BingX itself doesn’t charge fees, but providers may, and processing times vary by method and geography.

You can deposit or withdraw fiat via methods like bank transfer (ACH, SEPA), Cards, Apple Pay, Skrill, Neteller, and transfers typically arrive within minutes to one business day; fees depend on method but are integrated into the service cost rather than listed separately.

On-chain Withdrawals

Crypto withdrawals are charged a flat network-based fee per token—e.g., approximately 0.0005 BTC, 0.005 ETH, or 1 USDT (TRC-20)—subject to variation based on congestion and blockchain conditions.

Crypto withdrawals carry a network (blockchain) fee dictated by the network; Paybis applies no markup—they simply pass along the required fee, and users can choose low/medium/high speed.

Hidden Costs

Additional costs may include a 0.2 % currency conversion fee when depositing in a different fiat than your account base, possible inactivity or express KYC fees in rare cases, and variable third-party fees on fiat rails.

There are no hidden fees—Paybis transparently defines a service fee plus actual network fee per transaction; additional costs may include foreign currency conversion charges or optional expedited KYC, but nothing unexpected.

Real-World Cost Example: “€500 BTC

In this scenario, you’d face the spot trading fee (~0.1 %), a small spread on BTC/USDT, any conversion fee if deposited in euros (~0.2 %), and the fixed network withdrawal fee to take BTC off the platform.

When buying €500 worth of BTC, you pay Paybis’s service fee embedded in the rate plus the blockchain network fee; the total cost equals that combined; withdrawals or conversions would add the relevant network or FX fee—presented clearly during the transaction.

Crypto Offering & Trading Features

Number of Coins & Pairs

BingX supports over 1,000 cryptocurrencies across more than 1,000 trading pairs, with the top-20 pairs by volume heavily featuring mainstream assets like BTC/USDT, ETH/USDT, SOL, XRP, DOGE, ADA, LINK, and TRX.

Paybis supports about 80–90 cryptocurrencies for buying or selling, including the majority of top-cap coins (around 13 of the top 20 by market cap), but it doesn’t offer traditional trading pairs like BTC/USDT for spot market depth.

Product Range

The platform covers a full spectrum of instruments—spot trading, margin, perpetual futures (perps), copy trading, grid bots, staking, wealth products, lending/loans, and promotional staking, though it doesn’t currently offer options or crypto ETFs.

The platform is limited to fiat-to-crypto transactions only—no spot order book, margin, perpetuals, options, crypto ETFs, staking, lending, copy trading, grid bots, or DCA automation are available.

Liquidity

BingX regularly sees multi-billion-dollar 24 h trading volume, with a deep order book on major pairs like BTC and ETH ensuring tight spreads and swift execution even amid market swings.

Paybis does not provide published liquidity metrics or order book depth data for BTC or ETH—its model bypasses exchange-style markets and instead uses a broker-like pricing approach for instant fiat purchases.

Tools

Traders can access a comprehensive toolkit

It offers just a basic buy/sell interface with no advanced trading tools—no limit/stop/OCO orders, alerting, charting, TradingView, but it does support a simple API for integration purposes.

Geographic Restrictions by Product

Certain advanced products—especially derivatives and copy trading—may be unavailable or restricted in jurisdictions like the US, UK, and Canada due to regulatory constraints.

Since it lacks complex products like derivatives, geographic restrictions mostly affect fiat access; for example, it’s not supported in U.S. states like New York, Hawaii, or Louisiana for any services.

Innovation

BingX stands out with its Launchpad and Launchpool programs for new token access, plus flexible vs. locked staking options, making it attractive for users aiming to participate in early-stage token launches.

While it doesn’t run a launchpad or flexible vs locked earn, Paybis does offer value through its own crypto wallet, a fiat-to-crypto gateway, a crypto price comparison tool, and broad fiat payment flexibility for ease of access.

Security, Regulation & Custody

Operating Entity & Jurisdiction

BingX is operated by BingX Group, established in 2018, with headquarters in Singapore and branch offices across the EU, Australia, and Hong Kong, serving a global user base.

Paybis is operated by Paybis Poland Sp. z o.o. (founded in 2023 with legal registration in Warsaw, Poland) and Paybis USA Ltd. (incorporated in Delaware in 2021), with distinct branches serving Europe and the United States respectively.

Licenses/Registration

The platform holds Money Services Business (MSB) registrations in the United States and Canada, demonstrating regulatory compliance for digital asset and FX services in those regions.

The platform holds Money Services Business (MSB) registration with FinCEN (US), operates as a VASP in Poland, and also registers with FinTRAC in Canada, reflecting compliance with key regulatory frameworks across these jurisdictions.

Custody

BingX entrusts custody to a combination of its own infrastructure and bank-grade systems, stores around 90 % of assets in cold wallets, publishes Proof of Reserves reports (typically bi-monthly), and undergoes independent audits by third parties.

Paybis functions as a non-custodial service for most users, meaning you provide your own wallet and Paybis routes funds directly; for its optional in-platform wallet, custody is handled via Fireblocks, leveraging strong security (MPC, secure enclaves, ISO/SOC certifications), though no public proof of reserves or cold storage percentage is published.

Insurance & Protection Funds

A dedicated Shield Fund exists to safeguard users from extreme volatility and leveraged position failures, complementing the security infrastructure.

The platform does not offer insurance or external protection schemes for stored assets—users retain control of their own funds, and any wallet held by Paybis (via Fireblocks) is not backed by an insurance fund.

Incident History

In September 2024, BingX experienced a hot-wallet breach resulting in significant asset loss, after which it restored operations fully and launched the “ShieldX” security enhancement program.

Paybis has not experienced any security breaches, service-wide freezes, or regulatory penalties to date, maintaining a clean operational record since its inception.

Risk Controls

Users benefit from robust controls including mandatory two-factor authentication (2FA) via email, phone, or authenticator apps, optional fund-password separation, anti-phishing codes, withdrawal whitelists, account locking, AI-augmented withdrawal reviews, and granular API and sub-account permissions.

Security is enforced by default through two-factor authentication (email-based on desktop, fingerprint on mobile), encrypted connections, anti-phishing practices, and in its corporate product, customizable authorization policies for enhanced access control.

Transparency

The platform provides periodic Proof of Reserves disclosures, engages in regular security audits and penetration testing, and offers enhanced monitoring via ShieldX infrastructure, though public wallet addresses or formal SLA documents are not prominently featured.

While Paybis does not publish periodic reserve reports or real-time wallet addresses, it offers clear terms of service, visible registration details, and a public-facing support structure—though there is no formal Service Level Agreement (SLA) or public wallet audit summary.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

BingX accepts fiat deposits via bank transfers (such as SEPA or local rails), credit/debit cards, and e-wallets; daily and monthly limits vary by KYC level—unverified users face tighter limits, while advanced-verified accounts enjoy unlimited access—and deposit times range from instant to a few business days depending on the method and region.

Paybis accepts a wide range of fiat deposit options including credit/debit cards, bank transfers (SWIFT, SEPA, ACH), PayPal, AstroPay, M-Pesa, PIX, various local e-wallets, and mobile payment systems; minimums typically start around $5 depending on method, and processing can be instant for cards and wallets or take several business days for bank transfers.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

BingX offers tiered KYC—Unverified, Basic, and Advanced—with gradually increasing deposit and withdrawal limits; for example, unverified users have modest caps, Basic KYC allows mid-tier limits, while Advanced KYC unlocks unlimited usage and fiat features like launchpad access.

Users must complete a streamlined KYC process involving ID upload, address, and a selfie check, typically done in under 15 minutes; once verified, the account unlocks higher transaction limits like roughly up to $20,000 per day or $50,000 per month, while unverified accounts have very constrained functionality.

Withdrawals

limits, times, and networks

Fiat withdrawals are possible via the same payment rails used for deposits (cards, SEPA, SWIFT, wallets), while crypto withdrawals allow multiple networks—fees follow network conditions and limits vary by method, with completion times ranging from instant to a few business days depending on the channel.

Customer Support

BingX provides 24/7 support via live chat (web/app) and email, backed by a comprehensive Help Center; response times are generally prompt, and they regularly upgrade their support system to enhance reliability.

Paybis offers 24/7 assistance via live chat and email, with response times typically fast and backed by a comprehensive knowledge base and FAQs for self-service.

Languages & Localization

The platform supports multiple languages (English, Spanish, French, etc.) and displays fees in fiat like EUR or USD depending on user region; Turkish support was removed recently due to regulatory changes, but localization remains robust overall.

The platform operates primarily in English, displays pricing in major base fiat currencies like EUR or USD depending on region, and adapts payment methods and availability to match local regulatory and compliance frameworks.

App Quality & Stability

Paybis provides both mobile (iOS/Android) and web applications noted for their simplicity and reliability; performance appears stable with minimal reported crashes, and the platform sees regular updates, although detailed metrics like crash rates are not publicly disclosed.

Experience, Performance & Ecosystem

UX/UI

While there’s no official crash-rate metric, users frequently report occasional app crashes or performance hiccups on both Android and iOS; BingX recommends keeping the app updated, clearing cache, and restarting it to mitigate such issues.

The Paybis platform is intuitive and designed for simplicity, with no separate “Lite” or “Pro” modes—it’s streamlined so users can quickly execute fiat-to-crypto buys without navigating advanced panels, making it ideal for first-time buyers.

Performance

Order latency is generally low, ensuring quick fills even under normal market conditions, though performance can slow slightly during volatile spikes; KYC queues may grow during bull runs, causing temporary delays before trading access is granted.

Transactions generally process rapidly, even during market surges; there are seldom notable slowdowns or delays, and KYC queues are minimal—even in high-demand periods, account verification remains largely efficient.

Education

Users enjoy access to a built-in academy with tutorials, demo trading and simulator features to practice risk-free, as well as educational materials increasingly available in Spanish, though the depth varies by content.

While Paybis does not offer a full-fledged academy, simulator, or demo environment, it provides clear how-to guides and walkthroughs—some localized in Spanish—to help users understand the purchase process and relevant crypto basics.

Community

There’s an active official presence across forums, Telegram, and occasionally Discord, supported by a referral program that rewards users for bringing in new traders—this community dynamic enhances learning and engagement.

Community support is facilitated via official social media and messaging channels; they maintain active presence on platforms like Telegram and X (Twitter), and offer a referral program, although there is no dedicated forum or Discord community for users.

Integrations

The platform integrates with TradingView for advanced charting, supports external trading bots, and works with third-party tax and accounting tools—simplifying strategy execution and post-trading record-keeping.

The platform lacks integration with trading tools like TradingView, external bots, tax services, or accounting workflows—its focus remains narrow on fiat-to-crypto access rather than trading or post-purchase tools.

Who Each One Is Best For

The interface’s dual mode suits both beginners (Lite) and seasoned traders (Pro); the robust ecosystem and tools make it especially attractive for users focused on social trading, automated strategies, and efficient workflow integration.

Paybis is best suited to casual users or beginners who want a fast, hassle-free way to purchase crypto via familiar payment channels; it’s less appropriate for experienced traders or those seeking advanced tools, analytics, or community-driven features.