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

Trying to choose between Coinlist 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

Coinlist

Paybis

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Coinlist is ideal if:

Great for early-stage crypto hunters: If you're looking to participate in high-quality token launches before they hit mainstream exchanges—such as Solana or Flow—CoinList offers standout access through its vetted token sale platform.
Strong on compliance and security: With established regulations, risk controls, KYC/AML procedures, and features like two-factor authentication and cold-storage partnerships, CoinList appeals to users who value legitimacy and safety.
Designed for engaged investors: If you're into staking, DeFi lending, testnet rewards, and boosting your “Karma” score for better access, CoinList’s layered ecosystem suits committed or active crypto participants.

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.

Coinlist isn’t ideal if:

If you're seeking instant fiat deposits via cards: CoinList typically requires bank transfers and doesn’t support card or alternative fiat methods for many international users, making funding less flexible.
If you're frustrated by lengthy identity checks: The verification process can be prolonged and document-heavy, which might discourage those wanting quick, hassle-free access.
If you rely on contactless customer communication: Users occasionally report slow support responses or difficulty navigating the interface, especially via mobile or self-service channels.

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

CoinList Pro applies a volume-tiered system where maker and taker costs progressively reduce for higher 30-day trading volumes, eventually reaching near-zero for top tiers, with occasional token-based rebates in special programs.

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

Futures and perpetual contracts remain in beta and follow similar tiered fee logic, while funding rates fluctuate with market conditions and are designed to balance the perpetual contract pricing relative to spot.

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

Spreads on major pairs are generally tight due to deep order books, though exact values vary with market volatility and time of day.

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 can fund via bank wire or ACH (when supported); outgoing wires incur flat fees, while deposits usually arrive within a few business days and withdrawals are delayed due to holding requirements.

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 incur network fees set by the blockchain (e.g. Bitcoin, Ethereum), which are dynamic and based on chain activity—not fixed by CoinList itself.

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

There are no hidden inactivity or covert conversion charges, though recovery fees and processing surcharges may apply for special cases like mistaken chain deposits or express document reviews.

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

When you purchase €500 in BTC, your total cost combines the spot spread and applicable tiered trading fee, plus the blockchain’s network fee when you withdraw—keeping the model flexible rather than giving fixed numbers.

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

CoinList supports around 70 cryptocurrencies and between 72 to 80 trading pairs, focusing on high-quality tokens in its limited but curated marketplace.

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

CoinList offers spot trading, OTC access, and beta perpetual futures; it does not currently provide margin, options, crypto ETFs, grid bots, copy trading, nor automated DCA tools.

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

Exact figures aren’t publicly available, but CoinList tends to show limited 24-hour volume and modest order book depth, especially relative to major exchanges.

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

The platform supports advanced order types (e.g., stop, stop-limit, trailing, post-only), offers API/websocket access, but lacks native TradingView or built-in alert functionality.

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 services—including derivatives and the launchpad—are not accessible to users in the U.S., Canada, and other restricted jurisdictions, due to regulatory and licensing 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

CoinList shines in early access via its launchpad and incentivized testnets; for staking, it distinguishes between locked launchpad tokens and staking funds, but doesn’t emphasize flexible earn programs.

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

CoinList is operated under Amalgamated Token Services Inc., with founding roots in 2017 and primary headquarters in San Francisco; services are offered through subsidiaries including CoinList Markets LLC, registered in the U.S. as a Money Services Business and money transmitter. (Based on legal info and state filings.)

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

CoinList Markets LLC is registered in the U.S. as a money transmitter with FinCEN and several states, reflecting compliance with relevant virtual asset service provider (VASP) requirements; while lending arms like CoinList Lend are not licensed lenders. (Inferred from entity disclosures.)

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

Asset custody is managed through partnerships with leading custodians such as BitGo, Gemini Custody, Anchorage, Finoa, Copper, Coinbase Prime, and Fortress Trust—many held in insured cold storage; CoinList also introduced its own in-house custody arm (CoinList Digital Asset Services) to custody select assets. (Based on service info.)

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

Funds held with custodial partners benefit from their insurance policies covering cold storage, and CoinList imposes no wallet or custody fees, enhancing transparency and alignment with user costs.

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

CoinList settled a notable regulatory matter in 2023—an OFAC penalty over inadvertent sanction-related breaches—thus underscoring prior oversight but also willingness to remediate; there are no widely publicized hacks or fund losses reported.

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

The platform mandates two-factor authentication via authenticator apps, works with vetted custodians, and enforces KYC/AML screening; it also relies on strong internal security practices, though features like whitelists, sub-accounts, and granular API permissions are not prominently offered.

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

CoinList publishes legal disclosures and maintains a public legal repository but does not appear to offer monthly Proof-of-Reserves reports, public wallet addresses, or formal SLAs—though its collaborations with regulated custodians and structured legal documentation contribute to transparency.

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

You can deposit via credit/debit cards, Apple Pay, or Google Pay, which typically credit instantly; bank wires (ACH, SEPA, domestic, international) are supported in eligible regions with processing times ranging from same-day (domestic) to a few business days—specific minimums and maximums aren’t publicly listed and can vary by user 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)

All users must complete full identity verification—basic or advanced tiers aren’t differentiated publicly—and the process typically takes 0–3 business days for individuals, with stricter document requirements and activity restrictions until completion.

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, Timing & 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

Support is available via email and help-desk tickets through the portal, with response times often within a day; there is no live chat or phone support, and the help portal serves as the central knowledge base.

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 operates primarily in English, with fees and balances displayed in USD or EUR, and regulatory disclosures aligned with local requirements in supported jurisdictions—but localized language support remains limited.

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

The new CoinList mobile app (updated August 12, 2025) delivers a clean, user-friendly experience with push notifications and integrated wallets; while generally stable, occasional crashes can happen and reinstall or support tickets are recommended for resolution.

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

CoinList offers a streamlined interface where the “Pro Trading” experience is now fully integrated into the main dashboard, eliminating the need to switch platforms and smoothing the transition for both beginners and more advanced users.

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

The platform generally delivers responsive trade execution under normal conditions, though high-demand launch events may introduce delays; rapid surges in registrations have previously led to temporary verification backlogs during bull markets.

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

CoinList does not currently provide demo or simulation tools or educational content in Spanish—its platform is largely English-focused, though users receive guidance around token launches and participation workflows.

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

CoinList fosters a tight-knit community via its official blog, Discord, and Twitter; it also runs an active referral program that rewards users for inviting others to explore token events and trading.

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 lacks native TradingView embeds or third-party trading bot support, and does not offer integrated tax tracking or accounting tools at this time.

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

CoinList is best suited for proactive crypto enthusiasts looking to participate early in token launches within a compliant, streamlined environment, rather than users seeking beginner-friendly simulators or full suite trading integrations.

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.