paybtc is Australia’s first non-custodial exchange, allowing anyone in Australia to buy and sell bitcoin, and pay their bills using BTC.
Read on to learn more about the popular bitcoin exchange.
What Is paybtc?
paybtc is a self-custody exchange platform facilitating seamless transactions for Bitcoin blockchain users in Australia. The exchange aims to address the complexity of many existing crypto trading platforms by providing a simple and easy way to buy and sell BTC using AUD.
As a non-custodial platform, paybtc cannot access its users’ bitcoin holdings. Instead, you have complete control over your funds and only need an email address to access the platform, a Bitcoin-blockchain-compatible wallet to send and receive funds, and your bank account to make or receive AUD payments.
paybtc is only available as a web-based platform. However, the exchange has a simple interface design, making it ideal even for novice bitcoin investors and anyone who prefers simplicity.
Pros & Cons
paybtc, like any other platform, comes with its benefits and drawbacks. Let’s take a look below.
Pros
- Non-custodial: paybtc is a self-custody platform where you have complete control over your private keys and, consequently, your funds.
- Simple and easy interface: The platform features a simple user interface. To start buying and selling BTC on the platform, you only need to input your details, including an email address and the amount you want to trade.
- Allows you to pay bills: paybtc will enable you to pay your bills using bitcoin. All you need to do is enter your email address, your biller’s code, their reference number, and the amount you’d like to send.
- Excellent customer service: You can quickly contact support by filling out the form on the website. Customer service is also very responsive and will get back to you shortly.
- Referral program: The exchange has a referral program, which allows you to earn up to $30 for referring friends and family.
Cons
- No advanced charting tools: Experienced traders looking for advanced charting and analysis tools may be disappointed, as the platform focuses on simple, instant buy-and-sell transactions.
paybtc Review
Here’s a summary of what you need to know about paybtc.
| Type of exchange | Non-custodial and Bitcoin-only |
| Supported platforms | Web-only |
| Key features | Buy & Sell BTC, Pay Bills with BTC |
| Launch year | 2019 |
Features
paybtc is a simple platform that allows you to buy and sell bitcoin and use BTC to pay your bills.
You can instantly buy bitcoin on the platform using a bank transfer or cash out your BTC holdings to your bank account. paybtc also allows you to pay bills to billers who accept bitcoin payments.
Security
As a non-custodial platform, paybtc is keen on user security. The platform doesn’t need your private keys at any point, so you retain full ownership and control of your bitcoin.
paybtc employs additional security measures to comply with Australian Anti-Money Laundering (AML) laws. KYC, a subset of the AML laws, requires all platform users to verify their identity to bar malicious participants.
User Experience
The platform has a simple and easy-to-use interface. paybtc’s simplicity makes it easy to navigate the platform’s features and complete transactions instantly.
Customer Support
You can easily access customer support through the form available on the official website. Support is very responsive, professional, and helpful if you have questions or need any information.
Besides, the platform includes a detailed FAQ section with a step-by-step guide to buying and selling BTC using AUD.
The Verdict
If you are looking for a simple and secure platform to trade bitcoin in Australia, paybtc could be a good option for you. The non-custodial platform focuses on ensuring a seamless user experience without compromising security.