4pay review: is it a safe exchange or scam? (04.2024)

What do we know about 4pay? According to the data we possess, it appears to be a not the most admired, still well established, fairly promising dealer aka exchanger. It's a broker operating for about 4 years. 4pay supports some of the popular crypto. 4pay operator is an unknown entity or a group of individuals, but we must add that it appears as the usual way to do crypto-related business in their jurisdiction.

Clients from all the 255 countries & territories are welcome here, together with your home country: United States! Broker serves the US and allows registrations from all the 56 states. Our visitors decided the customer service as below average; the process of the exchange takes super long time, it may take days (or smth close). Specific types of orders may require identity verification to exchange crypto on this broker.

Starting from 2020, 4pay.in is trying its best to earn the trust from the community. Despite that, our users hasn't yet rated or reviewed broker. Have you ever used the 4pay? If you did, please spend a minute to leave your valuable feedback, we really appreciate it and put our trust on you. Thanks! Despite the fact hadn't yet collected enough data to list these guys among the rest of the approved exchange services (more information below) and therefore can't yet assign the rating to this broker, we can propose a preliminary evaluation: 68/100. Not bad!

So, what's our opinion so far? Based on the information we currently hold, 4pay should be a not that bad site to swap Bitcoins; an exchange that should provide the service of acceptable quality. Let's appraise everything in details...

Overview: is 4pay safe?

4pay operates as the Broker. A project had started up in March 2020. Despite the fact that we couldn't find any information about the company that manages 4pay.in site (and are not even sure if there's a legal entity at all), we must say that it's rather a usual practice for the "exchangers" from Russia and the neighboring countries. The main reason for this is the uncertain local regulation; such exchange providers have no way to open a corporate bank account, etc.

Research: best alternative to 4pay

By reason of we can't (yet?) endorse the 4pay.in, you may feel safer choosing the website we've already appraised and checked in full. Therefore we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:

A glance at the service specifics confirms that 4pay employs the business model of a Broker; exchange started the business March 2020 and up-to-date operates for 4 years. It received some reviews and seems to be known on the local market. There is no information available about the company doing business as 4pay, etc. Please note that it's just a super-small snapshot of what we've discovered, details about the business model are available in the "what we already know about 4pay" section. Considering all the abovementioned, we were looking for another broker allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: TransCoin! Let's figure out what makes it the safest choice:

TRANSCOIN is also a Broker; exchange started to provide the services in May 2018. It is a really trusted, surely a respectable, well established, interesting exchange platform (broker) that supports 1 cryptocurrency: you can This is what we value the most about this great exchange service:

• It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
• The business model of an exchange broker doesn't require to store the customers' money, there are no accounts, etc. The crypto (or fiat) payment will be instantly delivered to a wallet (bank or fiat payment system) of your choice
• The exchange runs the business for a long time; project was started 5 years and 11 months ago
• TransCoin accepts the registrations from 255 countries; customers from United States can use the services
• Customers' testimonials are top notch, 100% (5 out of 5) wrote about the positive experience doing business with TransCoin.

According to our research and the community vote, TransCoin is the best Broker worldwide. That's a really outstanding result, considering that we compare 333 exchange platforms! Long story short, this means that transcoin.me truly stands out in terms of reliability, reputation, etc. - you name it... We are sure, you won't regret your choice!

So, let's conclude: the best alternative to 4pay is

TransCoin, a perfectly safe and trusted broker, rated 100/100. Such score is really, really hard to get, only very exchange services managed to get such a high rating! Let's break down how the transcoin.me exchange could get such a scoring.

Time in the business: 5 years 11 months

Feedback count: 5

Reviews: 5 positive, 0 negative, 0 neutral

Business model: licensed, fully compliant

Overall scoring for TransCoin: 100 / 100

TransCoin: the full review

4pay fees, limits, verification, etc.

Even though we still consider if we should add 4PAY to the list of approved exchange platforms and the individual dealers-exchangers and are in process of gathering and evaluating the information, we've already collected some data worth sharing. The business appears like a well-established broker running from Mar 2020. We could not find any information about the company administering the website; no signs if there's any legal entity at all. That's not a good indication, but sadly it's rather a usual practice for "exchangers" operating on/from the Russian and ex-USSR market.

4pay.in is a broker, sort of "crypto exchange bureau" online. Buying and selling aside, there's usually not much to do on such a website; but isn't it exactly what we are looking for? On a positive note, the brokers don't hold the clients' funds and typically require less trust, etc.

Dealing with a reputable service of the sort is virtually risk-free, especially if you don't send a lump sum at once. Just please remember that trading with an anonymous or almost anonymous dealer requires extra caution!

Fees & Limits at 4pay

We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the "watch list", while we are considering if we should add these sites or not. Unfortunately, due to some technical issues the integration with 4pay is not yet set, and therefore we can't state anything about the fees and purchase limits at this broker. Please accept our apologies!

4pay account verification

The broker may ask the customers to complete the user identification process (account verification) when certain conditions are met. Exchangers like 4pay operate in a gray area due to the fact that their target markets have no cryptocurrency regulation in place. Therefore such providers either have no KYC programs at all or maintain a very simple one. You'll get acquainted with the details during an order submission.

In the opinion of the actual 4pay customers: an average time how long it takes to verify your account is a couple of days, no less. It appears like this site team approves the customers' applications really slow. From the bright side, you have to identify yourself only once!

Supported countries

The website allows the user registrations from 255 countries. Actually it appears that absolutely all the countries and territories are supported by 4pay.in, it has no blacklisted geographies and no geo-restrictions!

Does 4pay allow the users from United States (US)?

That's right, it does! 4pay.in permits the registrations from the United States! Broker grants access to the customers from all the existing 56 states, territories, and commonwealths of the U.S.A..

American residents and the U.S. citizens are welcome to convert various crypto currencies offered by the broker.

Ops, sorry! Can't get an access to the data regarding the US operations of 4pay. While we are fixing that, please explore the exchange's website; there's a list of payment systems supported, etc.

Customers' testimonials

We still hadn't received any reviews of 4pay.in we could verify. We'd love to know what our valued visitors think of this website; based on that we'll decide should we approve the Broker or not. If you've already tried this service or know someone who did we are counting on you! What do you think about this exchange? Please share your experience, your thoughts... even just a few words testimonial is a great help!

FAQ about 4pay

4pay vs other exchanges

We understand that you likely are interested to choose a most trusted broker that has flawless reputation and great reviews so we took the liberty to compile a list of alternative sites you may use instead of 4pay. There are similar exchanges providing more or less the same services; let's see what else is available right away and compare it to the reviewed business! Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. And by the way, if you are eager to pick an exchange basing on a rate and fees mostly, our price comparison platform always finds the most reasonable exchange rates in United States!

4pay vs WMexpress

A comparison of the key features and the principal facts about WMEXPRESS versus 4pay; just take a glance to decide if WMexpress will be the optimal choice for you or at least if it's worth checking our full study:

review of WMexpress, users' testimonials

• WMexpress is a broker The way 4pay.in website functions fits the broker format, both following the same approach to the business.
• WMexpress had launched the service August 2015 4pay started the project March 2020 (WMexpress is operating for 4 years and 7 months longer).
• WMexpress operates without any registration or no information is available about the legal entity 4pay carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• WMexpress allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the 4pay being a resident of any of 255 countries; United States is granted with an access among all others (4pay & WMexpress authorize sign-ups from the same number of countries worldwide).
• According to our users feedback, the quality of customer care at the WMexpress is 5.0 / 5.0 The score that our visitors assigned to customers' service at 4pay happens to be 1.0 (4pay customers' care got lower rating).
• When the client needs to pass through the KYC process at WMexpress, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes no less than 1-2 days, as per the actual clientele survey results The process of Customer Identification at 4pay typically involves a few (varies case-by-case) individual procedures. It ordinarily requires up a couple of days (4pay & WMexpress alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
• As per our analysis of the community feedback, WMexpress currently process orders to deposit and withdraw funds in just few minutes The actual 4pay users reported that the process of a deposit or withdrawal took about a day or even more, delays were a usual matter there (4pay completes the deposit and withdrawal requests in a more delayed manner).
• Our visitors shared 7 reviews about WMexpress, 100% of those are positive As of today, 4pay gained 1 clients testimonials, 0% of these are positive (4pay got more judgemental, less favorable user reviews).

So, is WMexpress a better alternative to 4pay? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score 4pay achieved: 68 vs WMexpress rated 71, we honestly believe that WMEXPRESS should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to 4pay, such as:

• 4pay vs WMexpress
• 4pay vs chby
• 4pay vs 100monet
• 4pay vs 1-online
• 4pay vs Newline

4pay vs chby

A comparison of the key features and the principal facts about CHBY versus 4pay; just take a glance to decide if chby will be the optimal choice for you or at least if it's worth checking our full study:

review of chby, users' testimonials

• chby is a broker The way 4pay.in website functions fits the broker format, both following the same approach to the business.
• chby had launched the service July 2018 4pay started the project March 2020 (chby is operating for 1 years and 8 months longer).
• chby operates without any registration or no information is available about the legal entity 4pay carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• chby allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the 4pay being a resident of any of 255 countries; United States is granted with an access among all others (4pay & chby authorize sign-ups from the same number of countries worldwide).
• According to our users feedback, the quality of customer care at the chby is 5.0 / 5.0 The score that our visitors assigned to customers' service at 4pay happens to be 1.0 (4pay customers' care got lower rating).
• When the client needs to pass through the KYC process at chby, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes no less than 1-2 days, as per the actual clientele survey results The process of Customer Identification at 4pay typically involves a few (varies case-by-case) individual procedures. It ordinarily requires up a couple of days (4pay & chby alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
• As per our analysis of the community feedback, chby currently process orders to deposit and withdraw funds in just few minutes The actual 4pay users reported that the process of a deposit or withdrawal took about a day or even more, delays were a usual matter there (4pay completes the deposit and withdrawal requests in a more delayed manner).
• Our visitors shared 6 reviews about chby, 100% of those are positive As of today, 4pay gained 1 clients testimonials, 0% of these are positive (4pay got more judgemental, less favorable user reviews).

So, is chby a better alternative to 4pay? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score 4pay achieved: 68 vs chby rated 70, we honestly believe that CHBY should do the job better than the reviewed broker; certainly worth testing!

Like reading? In fact, there are more exchanges worth comparing to 4pay, such as:

• 4pay vs WMexpress
• 4pay vs chby
• 4pay vs 100monet
• 4pay vs 1-online
• 4pay vs Newline

4pay vs 100monet

A comparison of the key features and the principal facts about 100MONET versus 4pay; just take a glance to decide if 100monet will be the optimal choice for you or at least if it's worth checking our full study:

review of 100monet, users' testimonials

• 100monet is a broker The way 4pay.in website functions fits the broker format, both following the same approach to the business.
• 100monet had launched the service December 2014 4pay started the project March 2020 (100monet is operating for 5 years and 3 months longer).
• 100monet operates without any registration or no information is available about the legal entity 4pay carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• 100monet allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the 4pay being a resident of any of 255 countries; United States is granted with an access among all others (4pay & 100monet authorize sign-ups from the same number of countries worldwide).
• According to our users feedback, the quality of customer care at the 100monet is 5.0 / 5.0 The score that our visitors assigned to customers' service at 4pay happens to be 1.0 (4pay customers' care got lower rating).
• When the client needs to pass through the KYC process at 100monet, they usually ask to provide some (it depends on various factors) documents and / or specific procedures The process of Customer Identification at 4pay typically involves a few (varies case-by-case) individual procedures. It ordinarily requires up a couple of days (4pay & 100monet alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
• As per our analysis of the community feedback, 100monet currently process orders to deposit and withdraw funds in approx. 5-15 mins The actual 4pay users reported that the process of a deposit or withdrawal took about a day or even more, delays were a usual matter there (4pay completes the deposit and withdrawal requests in a more delayed manner).
• Our visitors shared 6 reviews about 100monet, 83% of those are positive As of today, 4pay gained 1 clients testimonials, 0% of these are positive (4pay got more judgemental, less favorable user reviews).

So, is 100monet a better alternative to 4pay? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the 100MONET exchange service got a lower rating at our platform: 67 versus 68 that 4pay accomplished, our advice is either to go for 4pay, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!

Like reading? In fact, there are more exchanges worth comparing to 4pay, such as:

• 4pay vs WMexpress
• 4pay vs chby
• 4pay vs 100monet
• 4pay vs 1-online
• 4pay vs Newline

4pay vs 1-online

A comparison of the key features and the principal facts about 1-ONLINE versus 4pay; just take a glance to decide if 1-online will be the optimal choice for you or at least if it's worth checking our full study:

review of 1-online, users' testimonials

• 1-online is a broker The way 4pay.in website functions fits the broker format, both following the same approach to the business.
• 1-online had launched the service February 2017 4pay started the project March 2020 (1-online is operating for 3 years and 1 months longer).
• 1-online operates without any registration or no information is available about the legal entity 4pay carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• 1-online allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the 4pay being a resident of any of 255 countries; United States is granted with an access among all others (4pay & 1-online authorize sign-ups from the same number of countries worldwide).
• According to our users feedback, the quality of customer care at the 1-online is 5.0 / 5.0 The score that our visitors assigned to customers' service at 4pay happens to be 1.0 (4pay customers' care got lower rating).
• When the client needs to pass through the KYC process at 1-online, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes no less than 1-2 days, as per the actual clientele survey results The process of Customer Identification at 4pay typically involves a few (varies case-by-case) individual procedures. It ordinarily requires up a couple of days (4pay & 1-online alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
• As per our analysis of the community feedback, 1-online currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds The actual 4pay users reported that the process of a deposit or withdrawal took about a day or even more, delays were a usual matter there (4pay completes the deposit and withdrawal requests in a more delayed manner).
• Our visitors shared 5 reviews about 1-online, 100% of those are positive As of today, 4pay gained 1 clients testimonials, 0% of these are positive (4pay got more judgemental, less favorable user reviews).

So, is 1-online a better alternative to 4pay? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the 1-ONLINE exchange service got a lower rating at our platform: 67 versus 68 that 4pay accomplished, our advice is either to go for 4pay, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!

Like reading? In fact, there are more exchanges worth comparing to 4pay, such as:

• 4pay vs WMexpress
• 4pay vs chby
• 4pay vs 100monet
• 4pay vs 1-online
• 4pay vs Newline

4pay vs Newline

A comparison of the key features and the principal facts about NEWLINE versus 4pay; just take a glance to decide if Newline will be the optimal choice for you or at least if it's worth checking our full study:

review of Newline, users' testimonials

• Newline is a broker The way 4pay.in website functions fits the broker format, both following the same approach to the business.
• Newline had launched the service March 2016 4pay started the project March 2020 (Newline is operating for 4 years and 0 months longer).
• Newline operates without any registration or no information is available about the legal entity 4pay carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
• Newline allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the 4pay being a resident of any of 255 countries; United States is granted with an access among all others (4pay & Newline authorize sign-ups from the same number of countries worldwide).
• According to our users feedback, the quality of customer care at the Newline is 5.0 / 5.0 The score that our visitors assigned to customers' service at 4pay happens to be 1.0 (4pay customers' care got lower rating).
• When the client needs to pass through the KYC process at Newline, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes no less than 1-2 days, as per the actual clientele survey results The process of Customer Identification at 4pay typically involves a few (varies case-by-case) individual procedures. It ordinarily requires up a couple of days (4pay & Newline alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
• As per our analysis of the community feedback, Newline currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds The actual 4pay users reported that the process of a deposit or withdrawal took about a day or even more, delays were a usual matter there (4pay completes the deposit and withdrawal requests in a more delayed manner).
• Our visitors shared 4 reviews about Newline, 100% of those are positive As of today, 4pay gained 1 clients testimonials, 0% of these are positive (4pay got more judgemental, less favorable user reviews).

So, is Newline a better alternative to 4pay? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the NEWLINE exchange service got a lower rating at our platform: 65 versus 68 that 4pay accomplished, our advice is either to go for 4pay, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!

Like reading? In fact, there are more exchanges worth comparing to 4pay, such as:

• 4pay vs WMexpress
• 4pay vs chby
• 4pay vs 100monet
• 4pay vs 1-online
• 4pay vs Newline

Conclusion: is 4pay legit or scam?

Seems it's time to finalize the report, to make a judgment call. Is 4pay a scam or is it a legitimate exchange? How secure the 4pay.in website is? Can you trust 4pay with your money? And (in our case) the most frequently asked question: Why the broker is not yet ranked at ExchangeRates.Pro? Let's start by answering the last question and, you'll see, the replies to the rest will follow. Can't wait? Help yourself jumping to the final verdict!

Why we hadn't yet ranked and fully listed 4PAY and what does it mean?

The routine for adding a new exchange, especially if it's a Broker, to ExchangeRates.Pro listing is rather a long process and it depends on few factors we don't control directly. Our approach to the process is «better be safe than sorry»; we already have 37 well-tested platforms providing similar to 4pay functionality. 22 different exchange websites of broker type are among those and additionally, there are 4 peer-to-peer marketplaces. 10,265 exchange offers are available right away; these cover almost all the payment systems and local banks available in United States and North America for buying and selling BTC, cryptos, and tokens with US Dollar, EURos, whatever. Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves. It takes time. Moreover, there are two circumstances that are out of our direct control:

1. All the exchange services, most notably the broker type ones are staying in the "pending approval" state until we collect at least a few reviews from the genuine customers, the ones we can actually verify. In addition, we monitor the clients' testimonials at the trusted review platforms, social networks, etc., and postpone the approval until we find enough evidence that the broker has no unresolved complaints and there are enough convincing users recommendations.
2. We receive the new applications daily and like over 90% are from the other Brokers. It consumes a lot of time to check each and every one; there's a large queue and we have to be selective when choosing which applications to process first. Considering there's 278 pending applications from other "exchangers", websites that are very similar to 4pay, we can't promise that we'll process this one very fast, our apologies.

Exceptions from these two rules may happen only in very rare extraordinary cases. As you can see, we move forward with listing new exchanges slowly and the queue for Brokers is the largest one, but as a consequence, only the best brokers are getting approved. Although we can't endorse 4pay and hadn't rated it (in full) yet, we believe that it could likely receive approval after some time considering there won't be any complaints and we'll encounter more trusted reviews.

So is 4pay a legit exchange or a fraud?

According to the data we currently have, 4pay is not a scam. However, the rating score the broker got is not very impressive. At this time 4pay is not looking like a service we'd add to the approved list anytime soon; even though we also can't state it's a bad exchange or something like that. Should you use 4pay.in to exchange crypto? We are not endorsing it nor we are strongly advising to keep away from it. The decision is up to you, just don't forget about the alternatives! There are some perfectly safe exchange platforms we can suggest: reliable brokers and much more!

Alternative solution: how to find the best rate to exchange BTC & crypto in United States and North America

There is another way of finding the most worthy alternative to 4pay that will work best for you. What if instead of opposing the features of various exchanges we'll compare the terms of the specific offerings that all the marketplaces, brokers, dealers, and even individual exchangers provide? That's exactly what our platform does! We assist you in choosing the most appropriate deal considering:

• The fees and rates provided at the moment by 21 exchange websites of a "Broker" type and 10,265 other offers.
• BTC/USD exchange rate at those ; the availability of service for the residents of United States.
• Which local banks & payment systems out of 154 serving US are the fastest, most convenient and cost-efficient personally for you.
• Amount you need to swap: say, the conditions for exchanging USD 1 will be significantly different from the terms of $64,385.0 conversion.
• And of course, you see the rating, users reviews (up-to-date 529 real clients testimonials), etc. for all the offers available!

Our platform could find 51 offers to buy, sell, exchange BTC available to users from United States, and 41 of these are for the US Dollar currency. There are totally 27 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as e-wallet, P2P Marketplace, Trading Platform, etc. 5 exchanges has active offers for these currencies right now; you can buy/sell using 20 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 16 local banking institutions and the payment systems. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Etana, that's a local payment system. The most popular domestic options for purchasing BTC @ US:

• Barter from Flutterwave | 50 ads
• GoBank Card | 34 ads
• MyVanilla Reloadable | 22 ads
• JCPenney | 13 ads
• Cash in Person | 5 ads
• Other Gift Cards | 4 ads
• Nike | 4 ads
• Cash App (Square) | 4 ads
• Paypal | 4 ads
• Any Local Bank | 3 ads

Our software couldn't get an access to the data what's available at 4pay.in for the clients from United States, however we are sure that you'll find a worthy alternative on one of 36 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 16 domestic banks supported. Besides, you may find something interesting browsing 10,265 offers available with 20 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.