Paymium exchange review
Paymium is a centralized exchange that occupies #190 on Guru InvestingExchange Tracker. Paymium has trading volume US$45,405 in the last 24 hours and US$46,179,818 in the last 7 days.
Paymium currently has 2 cryptocurrencies, 1 paper currencies and 1 markets (cryptocurrency trading pairs). The most popular trading pair on Paymium is BTC/EURO.
Compare Platium next to other exchanges here: Exchange comparison tool.
Paymium cryptocurrency exchange is centralized exchange. The headquarters is located in Paris, France. The platform was created in 2011 and claims to be one of the first Bitcoin exchanges in Europe. In addition to this, he emphasizes the statement that this the first Bitcoin marketplace in Europe to comply with EU rules governing payment services. In addition, the Paymium crypto platform is registered in the Registre du Commerce et des Sociétés de Nanterre.
Paymium cryptocurrency exchange requires KYC examination. In addition, Paymium services are not available in some countries due to restrictions imposed by relevant regulatory authorities or because they are on the financial sanctions list. Some of these countries include Afghanistan, Democratic Republic of Congo, Cuba, Eritrea, Ethiopia, Iran, Iraq, Kenya, North Korea, Lebanon, Libya, Nigeria, Sudan and Syria.
Paymium services available on the web and mobile devices.
Markets
The only pair available on the Paymium spot market is BTC/EURO. Apart from this, there are no other Paymium trading pairs. This also implies that Paymium only supports crypto-fiat transactions.
The BTC/EURO trading pair accounts for the entire trading volume of Paymium. Trading commission for Paymium exchange starts from 0.6%. However, there is the option of limit order trading, in which a commission is charged only for executed orders. When using bank transfers, the fee for Paymium cryptocurrency is:
- Incoming SEPA EUR transfer: Free
- Outgoing transfer SEPA EUR: 0.99€
- Minimum Euro withdrawal: 20€
other services
The Paymium cryptocurrency exchange offers many specialized trading tools for bitcoin transactions. For example, there is OTC Desk, a trading platform that allows over the counter trade. This gives people access to increased liquidity, as well as personalized support and real-time assistance.
Also, the Paymium crypto exchange includes Referral program which helps reduce fees for successful transactions. Each participant receives a reward in the form of BTC and EUR equal to 30% of the total commissions paid by his referrals.
About company
Paymium is a cryptocurrency exchange based in France. It has been operating since 2011 and provides its services to clients around the world, including the USA.
Pierre Noizat co-founded Paymium with Gonzaga Granval and currently holds the position of CEO of the company. Before he came up with the idea for an exchange, he worked for a number of different companies, including Orange, DirectTV and Canal+. In addition, Noizat was one of the founders of the French Bitcoin Association.
It is noteworthy that in 2018, the creators of Paymium introduced another platform – Blockchain.io. Headquartered in Paris and subject to the same European laws as Paymium, Blockchain.io positions itself as a trusted European cryptocurrency exchange for both retail and institutional investors and traders. The difference between Paymium and Blockchain.io is that the former serves as a crypto-fiat exchange while Blockchain.io – crypto-crypto exchange. Additionally, Blockchain.io enables decentralized trading settlements.
Notably, there are a number of threads on Bitcointalk in which several people accuse David Francois and Gonzaga Granval of fraudulent activity through the exchange. Moreover, this is not the only accusation against Paymium and its founders. There have been several hacks that have affected Instawallet (founded by the founders of Paymium), as well as false calculations and SEC incompliance regarding Blockchain.io.
Paymium related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
