Paybis

Paybis is a regulated fiat-to-crypto on-ramp and off-ramp platform that has been connecting traditional finance with digital assets since 2014. Founded in Riga, Latvia by Innokenty Isers, Konstantin Vasilenko, and Arturs Markevich — a trio with roots in the gaming industry — the platform started operations in 2015 and has since grown into one of the more geographically expansive retail crypto gateways, serving more than 4 million users across 180 countries with no external funding rounds.

What Paybis Does

Paybis occupies a specific lane in the crypto ecosystem: it is not an order-book exchange. Instead, it functions as a conversion gateway where users enter a fiat amount, receive a quoted price in crypto, and complete the purchase within minutes using familiar payment rails. The platform supports more than 90 cryptocurrencies and accepts over 65 fiat currencies, with payment options that include Visa and Mastercard, bank transfers, PayPal, Skrill, Neteller, and — as of February 2026 — PaysafeCard, the prepaid voucher system widely used in Europe and Latin America.

Transactions are structured to be accessible to first-time buyers. Users can spend up to 1,000 USD without completing identity verification, and the full KYC process, when required, is designed to finish in under two minutes. Purchase limits run from 4 USD to 20,000 USD per transaction.

Solana on Paybis

Solana (SOL) is a first-class asset on the platform, available for both purchase and sale. Paybis acts as the liquidity provider when a user initiates a SOL buy with a card or bank transfer: once fiat receipt is confirmed, the platform checks the live exchange rate and routes the transfer to the Solana network. Given Solana's 400-millisecond block times, the on-chain leg is near-instant; the primary delay is typically the legacy banking verification layer on the fiat side.

SOL also sits among the nine cryptocurrencies users can sell back to fiat — a narrower list than the buy side, but one that includes SOL alongside Bitcoin, Ethereum, and major stablecoins. Paybis additionally supports USDT on the Solana network, giving users access to fast, low-cost stablecoin transfers without leaving the Solana ecosystem.

First-time SOL purchases on the platform carry no Paybis commission. Repeat buyers pay a service fee ranging from 2.4% to 4.5% depending on payment method and trade size, with a 2 USD minimum. Card transactions above 7,500 USD are eligible for up to 70% fee reductions, and the platform has periodically run promotional codes offering steeper short-term discounts.

Integrated Wallet and Mobile App

In 2024 Paybis launched a free custodial wallet integrated directly into the platform. The wallet supports hundreds of assets, is secured using Multi-Party Computation (MPC) technology — meaning no single point holds the full private key — and allows users to send holdings to external wallets. It is accessible via the main web platform and through dedicated iOS and Android apps, which hold a 5.0 rating on the Apple App Store and 4.7 on Google Play as of mid-2026.

The custodial model is worth noting for Solana users who prefer self-custody: Paybis holds keys on users' behalf, so those wanting to stake SOL or interact with on-chain DeFi will need to transfer out to a self-custodial wallet. The platform does, however, make outbound transfers straightforward.

B2B On-Ramp and Off-Ramp API

Alongside its retail service, Paybis operates a B2B segment that has become an increasingly significant part of the business. DeFi wallets, gaming platforms, fintech apps, and NFT marketplaces can embed Paybis's payment infrastructure through a single API integration, inheriting the platform's KYC compliance, regulatory licences, and liquidity without building that infrastructure from scratch.

The B2B API covers the same 180-country footprint as the retail product, supports 90 cryptocurrencies and 70 fiat currencies, and settles most transactions in under one minute. In Q1 2026, Paybis expanded the B2B payout API with four additional cryptocurrencies. Corporate wallet solutions and mass crypto payment functionality round out the business offering.

Regulatory Standing and Security

Paybis has accumulated one of the wider regulatory footprints among fiat-crypto gateways. Key registrations and licences include:

• MiCA CASP authorization from the Bank of Latvia, covering EU operations under the Markets in Crypto-Assets framework
• PSD2 Payment Institution licence from the Bank of Latvia
• FinCEN registration in the United States, with licences active in 48 states (excluding New York, Hawaii, and Louisiana)
• FINTRAC registration in Canada as a Money Services Business
• VASP registration in Poland

Security infrastructure includes PCI DSS Level 1 certification (the highest tier, requiring annual third-party audits), cold storage with MPC, mandatory two-factor authentication on accounts, TLS encryption, and an active bug bounty program for external security researchers. The company reports no confirmed security breach or loss of customer funds since launch.

Growth Trajectory

Paybis recorded a trading volume peak of 1.86 billion USD in 2025, representing 248% year-over-year growth, and added 1.6 million new users in that year alone. The platform reported 15.9 million USD in trading volume within a single 24-hour window. Customer support operates around the clock across nine-plus languages, which has become a practical differentiator as the user base has spread across non-English-speaking markets in Eastern Europe, Latin America, and sub-Saharan Africa.

Who It Is For

Paybis is best suited to users who want a simple, compliant entry point into crypto — particularly SOL, USDT on Solana, and major stablecoins — without opening an account on a full trading exchange. It is also well positioned for developers and businesses that need a white-label or API-driven on-ramp they can embed into an existing product. Advanced traders looking for limit orders, margin, or futures will need to look elsewhere; Paybis makes no pretense of serving that use case.