Paymium cryptocurrency exchange is a centralized exchange. It has its headquarters in Paris, France. The platform was established in 2011, and it claims to be one of the first Bitcoin exchanges in Europe. In addition to this, it emphasizes the claim that it is the first Bitcoin marketplace in Europe that complies with EU regulations governing payment services. Also, the Paymium crypto platform is registered with the Registre du Commerce et des Sociétés de Nanterre Registry.
Paymium crypto exchange requires KYC verification. Besides, Paymium's services are unavailable in a few countries due to restrictions imposed by their respective regulatory authorities or because they are on a financial sanctions list. Some of these countries include Afghanistan, the Democratic Republic of the Congo, Cuba, Eritrea, Ethiopia, Iran, Iraq, Kenya, North Korea, Lebanon, Libya, Nigeria, Sudan, and Syria.
The Paymium services are available on the web and mobile devices.
Markets
The only available pair on the Paymium spot market is BTC/EURO. Besides this, there are no other Paymium trading pairs. This also implies that Paymium only supports crypto-fiat trades.
BTC/EURO trading pair makes up the whole Paymium trade volume. The Paymium exchange fees for trading start from 0.6%. However, there’s a possibility of limit order trading, in which fees are charged only for the executed orders. When using bank wires, the Paymium crypto fees are as follows:
- Incoming SEPA EUR wire: Free
- Outgoing SEPA EUR wire: 0.99€
- Minimum Withdrawal EUR: 20€
Other Services
Paymium cryptocurrency exchange offers a variety of specialized trading tools for Bitcoin transactions. For instance, there is the OTC Desk, which is a trading platform that allows over-the-counter trading. It gives individuals access to increased liquidity, as well as individualized support and assistance in real time.
Also, the Paymium crypto exchange includes a referral program that encourages the reduction of commissions for successful transactions. Each participant receives a reward in the form of BTC and EUR equal to 30% of the total amount of fees paid by their referrals.
About the Company
Paymium is a cryptocurrency exchange that is based in France. It has been in business since 2011 and provides its services to customers all around the world, including those in the United States.
Pierre Noizat co-founded Paymium together with Gonzague Grandval and is now serving as the company's Chief Executive Officer. Before he came up with the idea for the exchange, he worked for a number of different companies including Orange, DirectTV, and Canal+. Additionally, Noizat was one of the people who started the French Bitcoin Association.
Notably, the creators of Paymium also unveiled another platform in 2018 – Blockchain.io. With its main office in Paris and compliance with the same European laws as Paymium, Blockchain.io bills 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, whilst Blockchain.io is a crypto-crypto exchange. Besides, Blockchain.io allows decentralized trade settlement.
Notably, there are a number of threads on Bitcointalk where several individuals accuse David François and Gonzague Grandval of operating fraudulent activity through the exchange. Besides that, this is not the only accusation related to Paymium and its founders. There were several hacks that affected the Instawallet (founded by Paymium founders), as well as false settlements and incompatibility with SEC regarding Blockchain.io.
