Paymium Review: Complete Review of the Crypto Platform

If you have been looking for addresses in France to buy Bitcoin, you have probably heard of or read a Paymium review. A true reference among French sites, the platform is one of the precursors of investing in crypto. So, are its services and offers really the best? We tell you everything!

Paymium Expert Opinion: What do you need to know about the Platform?

Paymium is a Bitcoin purchase platform that emerged almost after the beginnings of Satochi's cryptocurrency democratization. Its offers are mainly oriented towards the latter and this is what we can particularly blame it for. Indeed, although the world of digital currencies has developed well for years, Paymium is still very focused on the first of them.

All this to say that Paymium only supports Bitcoin on its platform. In other words, if you want to buy other cryptocurrencies currently on the market, you won't be able to do so with Paymium. Furthermore, you are limited to investing in tokens based solely on their value against the euro (BTC/EUR). This is a significant drawback of the exchange, according to this Paymium review.

On the other hand, the platform offers a fairly extensive service that allows you to take into account all aspects of Satoshi's cryptocurrency. From trading to exchange, you have several interesting possibilities to diversify your approach.

Investing in Cryptocurrencies: Should you choose Paymium as your platform in April?

The best choice of platform for investing in cryptocurrencies today is clearly not Paymium. Although the company offers a well-rounded offering that could appeal to more than one investor, the platform has too many notable gaps in what it allows its clients to do.

Indeed, the first point that pushes us towards a somewhat negative Paymium opinion is of course the fact that there is only Bitcoin available in its asset catalog. It therefore becomes almost impossible to diversify your investment portfolio by choosing Paymium as your market access provider.

Furthermore, if we look to the side, we realize that several more or less well-known platforms offer better offers. This is the case, for example, of classic brokers such aseToro, AvaTrade or of Vantage. It would also be interesting to make comparisons between the different openings to the markets and see what the site is really worth in this Paymium review.

Paymium vs eToro

In this table you have the beginning of an answer to the question of knowing what Paymium is worth compared to eToro. If one is considered one of the best cryptocurrency investment platforms, it is no coincidence. The Limassol brokerage company shows well in this Paymium vs eToro that the diversity and security of investors is at the heart of its project. This is particularly what creates the gap that separates them.

Paymium vs AvaTrade

AvaTrade is one of the best online brokers trading CFDs on Commodities, Forex and Cryptocurrencies today. However, its offerings on digital currencies are still very poor with just a few flagship tokens offered to investors. This therefore gives a slightvantage to the Paymium platform with its range of cryptographic currencies.

Paymium vs Vantage

Vantage is considered by most to be the best trading platform in the world. In this Coinmotion review, it was interesting to compare its offers on cryptocurrencies with those of the Australian broker. We could see that Vantage is indeed a serious competitor to the point of being slightly above Paymium in certain aspects.

Who is Paymium?

Founded in 2011, Paymium is an exchange platform that mainly allows you to buy and invest on the price of Bitcoin. It is a French site based in Île-de-France and more precisely in Boulogne-Billancourt. First, it was launched by Pierre Noizat and Gozangue Grandval, its founders, under the name Bitcoin-Central. Its purpose was to facilitate access to this new world that was opening up to investors at the time.

Paymium is a pioneer in providing access to cryptocurrency markets in Europe. The platform also presented itself as a dematerialized Bitcoin bank. In particular, it has centered its activity around cryptocurrency. It therefore offers two main forms of investment by integrating a professional trading function for experienced traders in addition to trading against the Euro.

In 2015, thanks to fundraising, Paymium was able to expand and internationalize its offers. Later in early 2019, the French exchange platform was registered by the Autorité des marchés financiers. The latter is now recognized as a Financial Services Provider. This brief description of the company gives you a glimpse of where they come from, but what about their offerings? This is what we will see in the rest of this Paymium review.

Paymium Review: What Do Customers Think of the Platform?

Although the service is quite old in the industry, very few customers have actually commented on the platform. We observe all the same that the rating of the users is rather good and it is quite reassuring as a feedback. However, this is not enough to get a positive or even relevant Paymium opinion.

Paymium Services Key Figures

What are the Fees on Paymium?

• Exchange and trading fees;
• Bank transaction fees and payment methods;

Exchange and Trading Fees

These are the charges to be paid during your speculation sessions on the crypto-stock exchange or during your direct transactions on the currency market. At Paymium the pricing mainly depends on the type of investment. So you have:

• 0.1% on Maker orders;
• 0.5% on Taker orders;

These are more affordable when compared to what the competition offers. This is one of the strengths of the platform in this Paymium review.

Fees on transactions and means of payment

Paymium Deposits and Withdrawals: What Payment Methods Are Available?

• Transfer via SEPA;
• Credit/debit card (Visa, Mastercard, American Express, JCB…);
• Apple Pay;

As for the conditions of withdrawals on the Paymium platform, the terms depend mainly on the method used. Transfer euros to your online account by Bank transfers are limited, for example, to €100,000 per day and €500,000 per month.

If these barriers can annoy some investors, most members of the platform do not really see any major drawback. However, you must ensure that the names on your two accounts, including your bank and the Paymium platform, have similar identifying information.

When you choose to use the bank card (debit/credit) or Apple Pay, your daily transaction limit goes down. You are therefore limited to €10 for one day and €000 for the entire month. If we add to this that the fees on these payment methods can reach 50% of the amount, the pill becomes difficult to swallow. This leaves a slight bitter taste that can easily turn into a negative Paymium review.

Paymium, Serious Platform or Scam?

The Bouligne-Billancourt French platform offers almost all the guarantees offered by reliable and serious sites. It is totally legitimate to ask you about the reliability of the offer when you see the number of scams found on the internet.

In addition to our Paymium opinion, all the information we have to date does not mention any suspicious cases related to the services offered. In addition, the company enjoys credit due to its longevity in the sector.

In addition, Paymium is registered and authorized by the Autorité des marchés financiers (AMF). This is an important point that shows the seriousness of the platform in providing access to buying and investing in Bitcoin.

Is Paymium Regulated?

Paymium has an agreement from the PSAN (Digital Asset Services Provider) which allows it to provide Its platform and services operate throughout Europe. Indeed, it ensures that its activities comply with European laws and regulations. However, it should be noted that Paymium does not hold a regulatory license per se, as one might see with... eToro and CySEC for example.

The Paymium WebTrader and Cryptocurrency Exchanger

Paymium offers you to access your account and manage your market positions directly from a web portal on the platform's website. Indeed, the latter gives you the possibility of placing orders, carrying out your speculative analyzes and investing. You can also exchange your Bitcoins for Euros and vice versa.

The Paymium web portal is relatively smooth in navigation and animations. As for investments on the crypto-stock exchange, you can benefit from an optimization offered to professionals. Slightly rough in the finish, you still have an understandable and easy-to-use interface. A good point for the service in this Paymium review.

The Paymium mobile application

You want to continue to follow your positions on Bitcoin once you have left your computer, it is possible with the app of the French crypto exchange. Available on the PlayStore and the App Store, Paymium's mobile app helps you keep up to date with the progress of Bitcoin. Receive instant notifications when the price of Satoshi's cryptocurrency changes.

What is Paymium used for?

• Buy Bitcoin tokens;
• Sell ​​bitcoin tokens;
• Exchange cryptos against the euro;
• Make purchases and transactions through the platform;
• Trade the price of Bitcoin;
• bitcoin wallet;

As you will have understood, Paymium wants to position itself as an online broker and investment platform, for example for Bitcoin. It is in this that it multiplies the approaches to help you take advantage of the growth in the price of the native crypto-currency.

Investing in Cryptos with Paymium: Is it a Good Idea?

• As a platform and in view of what the competition offers, We do not recommend Paymium for investing in cryptocurrencies. While the offering may seem perfectly suited to most investors in some respects, certain flaws or shortcomings limit this French cryptocurrency exchange platform. This Paymium review notably shows that the site does not offer other tokens such as Ethereum, Litecoin, and many others. Choosing a crypto broker restricts your portfolio diversification strategy. Furthermore, some of the best CFD providers, such as eToro et AvaTrade, offers you complete access to thirty tokens.
• However, Paymium remains a top choice for investing in Bitcoin. As a pioneer in providing this type of service to clients, the platform has acquired the necessary expertise to offer you the best experience. Furthermore, the fact that Paymium is a French company with local offices in case of disputes is a major advantage. So, we're not telling you who to choose, but you'll find our perspective on the matter in this Paymium review.

What Leverage does Paymium offer?

The crypto exchange platform based in France does not allow its investor clients to benefit from a leverage effect. Although the feature is increasingly popular with users and traders, Paymium did not wish to extend this benefit to its members. You will therefore need to turn to CFD brokers such as Vantage or, AvaTrade if you are looking for significant investment margins for the cryptocurrency market. Which takes away a few points from the platform in this Paymium review.

What are the Cryptos Available at Paymium?

At Paymuim, you only have the option of investing in one cryptocurrency in all of its offers. The latter is none other than Bitcoin. No other token is offered on the platform, even the most popular such as Ethereum, Bitcoin Cash or Dogecoin. One of the negative points that is missing in this Paymium review.

What are the Wallets offered by Paymium?

Paymium only offers a Bitcoin wallet, which is the sole service available on its platform. This French exchange, based in Boulogne-Billancourt, is therefore not a digital wallet like some other sites. The retail investor account for Bitcoin allows you to generate a QR code and make cross-platform transactions.

What are the A's?vantages of Paymium?

• The platform is authorized by the AMF: Paymium, as a French website and company based in France, was required to obtain AMF approval. Consequently, it registered with the organization in 2019 as a Digital Active Service Provider.
• Mobile trading app for smartphones and tablets: Enjoy a mobile experience to track your investments wherever you are. Paymium offers an optimized app that's virtually a replica of its web portal.
• Multiple payment methods: The crypto exchange platform allows you to top up your balance in several ways. Indeed, you can use the usual methods such as cards and bank transfers, or turn to... Apple Pay and SEPA.

What are the Disadvantages of Paynium?

• Lack of European and international regulations: While Paymium is a licensed platform, it still lacks robust regulatory licenses. This is especially concerning given that such licenses ensure compliance with the best financial services legislation. This is a significant drawback for the site, as highlighted in this Paymium review.
• Insufficient cryptocurrency offerings: While the platform's strategy is undoubtedly to focus on the largest cryptocurrency by market capitalization, this remains a significant weakness. The crypto landscape is constantly evolving, and some compelling blockchains are emerging. The limited selection of cryptocurrencies on a platform of Paymium's caliber is becoming a real drawback.
• Too high fees for the transfer of funds from the bank card and ApplePay: Up to 8% of the amount transferred may be retained as a commission by the company. This is excessive for investors, regardless of the size of their portfolio. This is one of the weaknesses of this Paymium review that most struck us.

Conclusion: Does Paymuim have a Better Alternative?

Paymium can be considered a serious exchange platform, but it There are much better options for investing in cryptocurrencies. This is the case, for example, with brokers such as...eToro, AvaTrade or even Vantage as we could see in this Paymium review. Not only do they offer you better investment conditions through optimized applications and tools, you also benefit from unbeatable rates.

What is the minimum deposit at Paymium?

You do not have a minimum amount to deposit on Paymium. This is one of Paymuim's strengths in this platform review. However, the amounts you inject into your balance with the crypto broker must take into account the price of Bitcoin, because it is on the latter that you will invest.

How to Contact Paymium Customer Service?

Is Paymium Authorized in France?

Yes, Paymium is authorized to provide its services to investors residing on French soil. As a French company, it is registered with the AMF as Financial Asset Services Providers.

Can I get started in cryptocurrencies with Paymium?

Yes, the platform offers some interesting articles to help you get started. However, Paymium is not optimized for beginner investors. We recommend that you turn to eToro and its CopyTrading to facilitate your first investments.

Does the Paymium professional account allow you to benefit from leverage?

No, the platform's professional trading account does not allow you to benefit from the leverage effect either.