Paymium
- Overview
- Security
- User Experience
Volume 24H: BTC/EUR 8/24h
Paymium (also known as Bitcoin-Central) is a France based BTC exchange, the first European Bitcoin marketplace compliant with EU regulations on payment services. They allow users to send Bitcoins via email for free and offer BTC payment integration for merchants through its open-source API.
As with any exchange, Paymium is best suited for trading BTC, not for keeping long term savings. Transactions are easy to carry out even for crypto beginners, while the design is intuitive and simple (perhaps too simple for advanced users). For users seeking privacy, Paymium provides anonymity only until you exceed 2500 € in transfers.
Crypto Currencies Support
- BTC
Traditional Currency Support
- EUR
Language Support
- English
- French
- German
- Italian
- Spanish
Country Support
- Australia
- Canada
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Api
- — Mobile App
- — Web Interface
Stock Market Options
Paymium states that BTC deposits are kept in cold storage, while EURO assets are held by their banking partner, HPME, an electronic money issuer supervised by the National Bank of Belgium. Back in 2013, while operating under the Bitcoin-Central name, the exchange was hacked and hundreds of BTC were taken from one of their hot wallets. No other security breach has been reported since.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | At Least 80 Of User Funds Are Stored In Cold Storage |
Paymium is a French company founded in 2011 by Pierre Noizat and Gonzague Grandval. The company has been in the news for its deal with Aquoba - a licensed payment services provider later replaced with HPME, but also for a security breach they suffered in 2013. In time, Paymium has discontinued other BTC products (Instawallet, Paytunia, Instawire) and focused on improving the exchange platform.
Summary:
Paymium stands out for its 6 years of continued work improving services with new features such as sending BTC by email and allowing merchants to accept BTC payments. The exchange is appropriate for those often trading BTC with EUR, provided they don't mind the fees and are willing to offer personal details once they've reached 2500 Euro in transfers.
| Ease of use | Intuitive |
| Transaction Fees | 0.5-0.79% |
| Deposit/Withdrawal Fee | It's Free (fees May Be Hidden) |
| Deposit/Withdrawal Fee For Bank Transfer | 1.1+ |
| Deposit/Withdrawal Fee For Credit Card | 1.1+ |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | 0.99eur/withdrawal |
| Anonymous Trading | Yes |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account, Send/Receive Crypto, Deposits using credit card for France only.
Functionality:
Paymium provides mobile apps, an API, and BTC/EURO exchange services. They allow deposit/withdrawal via BTC wallets or Bank Cards and SEPA Wire Transfers. Buying BTC with credit card is available only for users with a card issued by a French bank. Also, having a Euro account allows users to transfer up to 2500€ before having to verify the account (ID and a proof of residency).
Most common customer complaint:
— High transaction costs, Small volumes of transactions that generate higher prices