Download the Paybito App

Introduction

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A Crypto currency is a digital asset developed using the technology of cryptography and decentralized/distributed database, which works as medium of exchange and controls the creation of additional units of the asset with extremely secure environment.

Since the launch of first Crypto Currency - Bitcoin in 2009, various cryptocurrencies have been created. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems.

As of present day, over a thousand cryptocurrency specifications exist; most are similar to the first fully implemented decentralized cryptocurrency, Bitcoin.

In this system the safety, integrity and balance of ledgers is maintained by a community of mutually distrustful parties referred to as miners – members of the general public using their computers to help validate and timestamp transactions and then add them to the ledger in accordance with a particular timestamping scheme, known as CryptoNight, Blake, SHA-3, X11 etc, also referred as hashing algorithm.

Simplistic way to buy and sell Cryptocurrencies

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ID Verification

Once you login to the app you'll be asked to provide your ID Proof. Verify by filling the info and uploading the ID.

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Add money

For buying Cryptocurrencies add money to the Money Wallet. The amount transferred to our bank account will reflect in your Wallet in the app.

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Buy/Sell

In your app go to buy and sell option. Enter amount either as money value or cryptocurrency quantity to place buy or sell order.

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Disclaimer: Trading in bitcoins and cryptocurrencies is subject to market, technical and legal risks.

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IMPORTANT NOTE:

1. Please be adviced to avoid any scheme stating a fixed return in Cryptocurrency trading or mining - that might be a Ponzi Scheme. It is susceptible to high risk. We are not associated with such scheme/plan. We are simply a platform for buying and selling cryptocurrencies.

2. We don't accept cash payments. Do not entertain anyone who pose as our employees or authorised third party. We are not associated with any third parties to take cash payments on our behalf. Don't even provide sensitive information, like your OTP, PIN etc. to anyone.

3. Don't use the Cryptocurrencies to any illicit purpose. We might have to close your account otherwise. As we did KYC, you'll never be able to open account with us in the future once your account got closed.