What is Paymium?
Paymium, a prominent French cryptocurrency exchange, has been a key player in the crypto space since its establishment in 2011. Recognized as a Digital Asset Provider (DASP) by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) on April 8, 2021, Paymium commits to adhering to the highest standards of compliance and governance for cryptocurrency operators in France.
Market Presence
In the limited landscape of cryptocurrency exchanges in France, Paymium stands out as the largest platform. Its enduring presence since 2011 underscores its reliability in the volatile world of cryptocurrencies.
Geographic Restrictions
While Paymium caters to investors worldwide, there are some notable exceptions. Investors from countries such as Afghanistan, Iran, USA, and others are restricted from using the platform due to regulatory considerations.
Mobile Support
Paymium offers convenient mobile support, allowing users to engage in cryptocurrency transactions on-the-go. The mobile interface is designed to facilitate seamless trading experiences directly from cell phones.
OTC Trading
For users with substantial cryptocurrency holdings, Paymium provides an Over The Counter (OTC) desk. This feature allows for the execution of large trades outside the regular market, mitigating potential impacts on market prices and addressing issues related to thin order books.
Trading View
Paymium provides a customizable trading view, allowing users to tailor their interface based on personal preferences. The platform typically displays order books, price charts, and order history, with buy and sell boxes for efficient trading.
Trading Fees
While Paymium's taker fees are slightly higher than the global industry average at 0.50%, the platform incentivizes liquidity by offering makers a fee of -0.10%. This unique feature means that makers are actually paid for trading, making Paymium a compelling choice for certain users.
Withdrawal Fees
Notably, Paymium distinguishes itself by not charging any withdrawal fees for Bitcoin (BTC) withdrawals. Additionally, the platform covers the network fees associated with BTC transactions, a departure from the norm in the industry.
Deposit Methods
Paymium accommodates diverse deposit methods, including wire transfer and credit cards. This flexibility is particularly beneficial for newer crypto investors. Notably, the platform underwent a banking partner change in March 2019, resulting in faster and more reliable fiat currency deposits and withdrawals.
In summary, Paymium's extensive features, commitment to compliance, and unique fee structures position it as a noteworthy cryptocurrency exchange in the French and global markets.
What are the trading fees on Paymium?
While Paymium's taker fees are slightly higher than the global industry average at 0.50%, the platform incentivizes liquidity by offering makers a fee of -0.10%. This unique feature means that makers are actually paid for trading, making Paymium a compelling choice for certain users.
Does Paymium offer leverage trading?
Paymium does not currently offer margin trading or leverage options.
