Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 331 Exchanges: 320 Offers:
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Paynote review & testimonials (updated 04.2020)

Paynote user interface: the home page in English

What is Paynote in a nutshell? It's recently added to our monitoring, respectable, well established, promising exchange service (broker) supporting some popular crypto: you can exchange these using the website. Exchange service started the business Oct 2016, it's a fully compliant, licensed financial company.

This Broker welcomes customers from 255 countries (including your country: United States!). It serves the US and allows registrations from all the 56 states and territories. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of Paynote, maybe you know how fast Paynote processes the orders? If you do, please share the knowledge! Thanks a lot! Depending on the order details, you may need to verify your account to exchange crypto on this Broker.

Since 2016, Paynote is working hard to get great testimonials from the users. Although, since this Broker was recently added to our price comparison platform, we have no user reviews yet. Maybe you can help? If you have any experience dealing with Paynote, can you please leave your testimonial? It will surely be a great help for us and all the community, thanks!

Based on all these facts, our verdict is the following: Paynote is a legit, but promising, although not yet reviewed much by our visitors place to exchange Bitcoins, an interesting exchange that we believe will get some nice feedback soon!

Overview: is Paynote safe?

Paynote is the Broker; Aardo OÜ (dba Paynote) started the business in October 2016. The company is based in the Estonia with the headquarters located in the Tallinn. Official Paynote address is Punane tn 6, Lasnamäe district, Tallinn, Harju county, 12917. The firm is a licensed MSB, regulated by the Estonian Financial Intelligence Unit (FIU); it holds the Cryptocurrencies exchange license.

Paynote CEO is Sergei Krõlov.

Answering the question how safe is Paynote:

We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this Broker (please continue reading), but our policies require to collect more testimonials from the users of Paynote to draw a conclusion. Do you have any experience dealing with this service? Please add your feedback, this will be a great help! Or maybe you know someone who does? Kindly ask him/her to tell us about it here! We really appreciate your participation.
Time in the business: 3 years 5 months
Business model: licensed, fully compliant

Overall rating for Paynote: N/A
Although we have not collected enough testimonials to assign a rating to Paynote, we can pre-estimate the rating (considering there will be no user complaints) as 100/100.

Pros & Cons of Paynote

Although Paynote is not yet rated by our visitors, common sense tells us it should have both strong sides and some downsides. Let's check it out:

  • It's very stable and reliable exchange service operating from 2016.10. Fully compliant and regulated business, service provided by licensed financial company.
  • Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
  • Paynote doesn't hold the clients funds, delivering the funds directly to your wallet.
  • Exchange broker provides no other services besides the buy/sell/exchange crypto.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at Paynote! Try Paynote today and let us know how you like it!

Services, Paynote Provides

The platform provides the following cryptocurrency exchange-related services:

  • Helps the visitors to exchange the electronic currencies.

As we can see, Paynote doesn't provide any services besides the cryptocurrency exchange, althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?

Currencies & Payment Systems

Paynote provides the service of various cryptocurrencies exchange.

If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Cryptocurrencies backed by assets to invest in 2020.

Paynote fees

Unfortunately, the integration data from Paynote is missing, seems that there are some technical issues preventing our bot to crawl the information. We are sorry, but we can't analyze the fees without an access to the data feed, although you can check everything by yourself at the exchange website.

Buying and selling limits

This Broker has the following limits, applicable when you buy or sell cryptocurrencies:

We are sorry, but at the moment the data feed from Paynote is missing, so we can't provide you with this information. Please don't hesitate to either check by yourself at their website or just come back later!

Supported countries

Platform allows the users from 255 countries to use the exchange. The following countries are supported by the broker:

  • Afghanistan (AF)
  • Aland Islands (AX)
  • Albania (AL)
  • Algeria (DZ)
  • American Samoa (AS)
  • Andorra (AD)
  • Angola (AO)
  • Anguilla (AI)
  • Antarctica (AQ)
  • Antigua & Barbuda (AG)
  • Argentina (AR)
  • Armenia (AM)
  • Aruba (AW)
  • Ascension Island (AC)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahamas (BS)
  • Bahrain (BH)
  • Bangladesh (BD)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bolivia (BO)
  • Bosnia & Herzegovina (BA)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • Cambodia (KH)
  • Cameroon (CM)
  • Canada (CA)
  • Canary Islands (IC)
  • Cape Verde (CV)
  • Caribbean Netherlands (BQ)
  • Cayman Islands (KY)
  • Central African Republic (CF)
  • Ceuta & Melilla (EA)
  • Chad (TD)
  • Chile (CL)
  • China (CN)
  • Christmas Island (CX)
  • Cocos (Keeling) Islands (CC)
  • Colombia (CO)
  • Comoros (KM)
  • Congo - Brazzaville (CG)
  • Congo - Kinshasa (CD)
  • Cook Islands (CK)
  • Costa Rica (CR)
  • Côte d’Ivoire (CI)
  • Croatia (HR)
  • Cuba (CU)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Ecuador (EC)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • Ethiopia (ET)
  • Falkland Islands (FK)
  • Faroe Islands (FO)
  • Fiji (FJ)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • French Southern Territories (TF)
  • Gabon (GA)
  • Gambia (GM)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Gibraltar (GI)
  • Greece (GR)
  • Greenland (GL)
  • Grenada (GD)
  • Guadeloupe (GP)
  • Guam (GU)
  • Guatemala (GT)
  • Guernsey (GG)
  • Guinea (GN)
  • Guinea-Bissau (GW)
  • Guyana (GY)
  • Haiti (HT)
  • Heard Island and McDonald Islands (HM)
  • Honduras (HN)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • Iceland (IS)
  • India (IN)
  • Indonesia (ID)
  • Iran (IR)
  • Iraq (IQ)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lebanon (LB)
  • Lesotho (LS)
  • Liberia (LR)
  • Libya (LY)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Macau SAR China (MO)
  • Macedonia (MK)
  • Madagascar (MG)
  • Malawi (MW)
  • Malaysia (MY)
  • Maldives (MV)
  • Mali (ML)
  • Malta (MT)
  • Marshall Islands (MH)
  • Martinique (MQ)
  • Mauritania (MR)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Micronesia (FM)
  • Moldova (MD)
  • Monaco (MC)
  • Mongolia (MN)
  • Montenegro (ME)
  • Montserrat (MS)
  • Morocco (MA)
  • Mozambique (MZ)
  • Myanmar (Burma) (MM)
  • Namibia (NA)
  • Nauru (NR)
  • Nepal (NP)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nicaragua (NI)
  • Niger (NE)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • Northern Mariana Islands (MP)
  • North Korea (KP)
  • Norway (NO)
  • Oman (OM)
  • Pakistan (PK)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Réunion (RE)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Samoa (WS)
  • San Marino (SM)
  • São Tomé & Príncipe (ST)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Seychelles (SC)
  • Sierra Leone (SL)
  • Singapore (SG)
  • Sint Maarten (SX)
  • Slovakia (SK)
  • Slovenia (SI)
  • Solomon Islands (SB)
  • Somalia (SO)
  • South Africa (ZA)
  • South Georgia & South Sandwich Islands (GS)
  • South Korea (KR)
  • South Sudan (SS)
  • Spain (ES)
  • Sri Lanka (LK)
  • St. Barthélemy (BL)
  • St. Helena (SH)
  • St. Kitts & Nevis (KN)
  • St. Lucia (LC)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • St. Vincent & Grenadines (VC)
  • Sudan (SD)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Syria (SY)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • Uganda (UG)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Uruguay (UY)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Uzbekistan (UZ)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

Does Paynote allow the users from United States (US)?

USA flag

Yes, Paynote allows the registrations from the United States! Broker permits the users from 56 states and territories to register at and use the services exchange provides:

  • Alabama (AL)
  • Alaska (AK)
  • American Samoa (AS)
  • Arizona (AZ)
  • Arkansas (AR)
  • California (CA)
  • Colorado (CO)
  • Connecticut (CT)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Georgia (GA)
  • Guam (GU)
  • Hawaii (HI)
  • Idaho (ID)
  • Illinois (IL)
  • Indiana (IN)
  • Iowa (IA)
  • Kansas (KS)
  • Kentucky (KY)
  • Louisiana (LA)
  • Maine (ME)
  • Maryland (MD)
  • Massachusetts (MA)
  • Michigan (MI)
  • Minnesota (MN)
  • Mississippi (MS)
  • Missouri (MO)
  • Montana (MT)
  • Nebraska (NE)
  • Nevada (NV)
  • New Hampshire (NH)
  • New Jersey (NJ)
  • New Mexico (NM)
  • New York (NY)
  • North Carolina (NC)
  • North Dakota (ND)
  • Northern Mariana Islands (MP)
  • Ohio (OH)
  • Oklahoma (OK)
  • Oregon (OR)
  • Pennsylvania (PA)
  • Puerto Rico (PR)
  • Rhode Island (RI)
  • South Carolina (SC)
  • South Dakota (SD)
  • Tennessee (TN)
  • Texas (TX)
  • U.S. Virgin Islands (VI)
  • Utah (UT)
  • Vermont (VT)
  • Virginia (VA)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

Americans are welcome to exchange various cryptos that are supported by the broker.

Please visit the exchange's website to check the offers that are currently active!

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Paynote? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at Paynote

The broker may require the customers to pass through the user identification (account verification) process. Paynote may require you to verify some information about your identity; the details depend on order amount, exchange direction, payment systems used, etc.

You'll see all the details during an order creation.

According to the customers surveys results, the average time to verify an account at Paynote is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast Paynote does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

According to the data we have, Paynote processes all or most of the orders without an automation; orders require staff attention to be completed. The speed of money transfer varies a lot on such services, so it's good to know the situation here at this exchange.

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Paynote? Can you please add your testimonial? This will help everyone a lot, thanks!

Is Paynote instant?

So, what can we see? In accordance with the data we know about the broker, orders at Paynote are not instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.

Customers' testimonials

There are currently no users testimonials about the Paynote. Do you have any experience using this broker? If you do, please say a couple of words about it!

FAQ about Paynote

Does Paynote holds my funds?

It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.

Is Paynote a good broker?

Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is Paynote licensed? Does it hold e-money license?

Yes, Aardo OÜ (entity doing business as Paynote exchange) is licenced and regulated financial company. It holds Cryptocurrencies exchange license and is regulated by the Estonian Financial Intelligence Unit (FIU) of the Estonia.

Is Paynote a ripoff?

It is not a ripoff, although we have not rated Paynote yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is Paynote legit or scam.

Paynote vs other exchanges

Let's compare Paynote to other similar exchange services with similar features: others of broker type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

Paynote vs Bitonic

Let's compare the key features of these two platforms to see which one suits you best:

  • Bitonic is a broker Paynote is a broker, both are using the same business model.
  • Bitonic had started the business May 2012 Paynote started the business October 2016 (Bitonic is working for 4 years and 5 months longer time).
  • Bitonic has all the required business licenses and permissions Paynote has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying and selling cryptocurrencies, Bitonic provides the following extra services: Merchant Services Paynote provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 1 fiat currencies are available at Bitonic Paynote doesn't allow to use any fiat currencies (Paynote supports 1 fiat currencies less).
  • Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks Paynote doesn't support fiat payments in any form (Paynote supports 3 banks and fiat payment systems less).
  • Bitonic allows registrations from 46 countries; we are sorry, but United States is not supported this time You may register at Paynote if you reside in one of 255 countries; it serves United States among others (Paynote supports more countries worldwide).
  • During the account verification Bitonic usually asks for 3 documents and/or procedures: (id verification, phone confirmation, a bank account verification) User identification at Paynote usually consists of some (it depends) different procedures (Paynote 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Bitonic or Paynote — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Paynote vs BTCBIT

Let's compare the key features of these two platforms to see which one suits you best:

  • BTCBIT is a broker Paynote is a broker, both are using the same business model.
  • BTCBIT had started the business May 2017 Paynote started the business October 2016 (Paynote operates 7 months longer).
  • BTCBIT has all the required business licenses and permissions Paynote has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides the digital currencies exchange, BTCBIT provides no extra services Paynote provides the same number of services as BTCBIT: it just exchanges cryptos.
  • BTCBIT allows registrations from 221 countries; United States is among the supported ones You may register at Paynote if you reside in one of 255 countries; it serves United States among others (Paynote supports more countries worldwide).
  • During the account verification BTCBIT usually asks for some (it depends) documents and/or procedures User identification at Paynote usually consists of some (it depends) different procedures (Paynote 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — BTCBIT or Paynote — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Paynote vs XMLGold

Let's compare the key features of these two platforms to see which one suits you best:

  • XMLGold is a broker Paynote is a broker, both are using the same business model.
  • XMLGold had started the business May 2006 Paynote started the business October 2016 (XMLGold is working for 10 years and 4 months longer time).
  • XMLGold is an ordinary company without licenses, etc. Paynote has all the required business licenses and permissions (Paynote utilizes a safer and more stable business model).
  • Besides the digital currencies exchange, XMLGold provides no extra services Paynote provides the same number of services as XMLGold: it just exchanges cryptos.
  • XMLGold allows registrations from 255 countries; United States is among the supported ones You may register at Paynote if you reside in one of 255 countries; it serves United States among others (Paynote & XMLGold support the same number of countries and territories).
  • During the account verification XMLGold usually asks for some (it depends) documents and/or procedures User identification at Paynote usually consists of some (it depends) different procedures (Paynote 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — XMLGold or Paynote — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Paynote vs PayBis

Let's compare the key features of these two platforms to see which one suits you best:

  • PayBis is a broker Paynote is a broker, both are using the same business model.
  • PayBis had started the business April 2015 Paynote started the business October 2016 (PayBis is working for 1 years and 6 months longer time).
  • PayBis is an ordinary company without licenses, etc. Paynote has all the required business licenses and permissions (Paynote utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, PayBis provides no extra services Paynote provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 3 fiat currencies are available at PayBis Paynote doesn't allow to use any fiat currencies (Paynote supports 3 fiat currencies less).
  • PayBis accepts deposits from and allows withdrawals to 7 fiat payment systems / banks Paynote doesn't support fiat payments in any form (Paynote supports 7 banks and fiat payment systems less).
  • PayBis allows registrations from 241 countries; United States is among the supported ones You may register at Paynote if you reside in one of 255 countries; it serves United States among others (Paynote supports more countries worldwide).
  • During the account verification PayBis usually asks for 3 documents and/or procedures: (id verification, phone confirmation, address confirmation) User identification at Paynote usually consists of some (it depends) different procedures (Paynote 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — PayBis or Paynote — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Paynote vs MagneticExchange

Let's compare the key features of these two platforms to see which one suits you best:

  • MagneticExchange is a broker Paynote is a broker, both are using the same business model.
  • MagneticExchange had started the business May 2011 Paynote started the business October 2016 (MagneticExchange is working for 5 years and 5 months longer time).
  • MagneticExchange is an ordinary company without licenses, etc. Paynote has all the required business licenses and permissions (Paynote utilizes a safer and more stable business model).
  • Besides buying, selling and exchanging cryptocurrencies, MagneticExchange provides no extra services Paynote provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 5 fiat currencies are available at MagneticExchange Paynote doesn't allow to use any fiat currencies (Paynote supports 5 fiat currencies less).
  • MagneticExchange accepts deposits from and allows withdrawals to 24 fiat payment systems / banks Paynote doesn't support fiat payments in any form (Paynote supports 24 banks and fiat payment systems less).
  • MagneticExchange allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at Paynote if you reside in one of 255 countries; it serves United States among others (Paynote supports more countries worldwide).
  • During the account verification MagneticExchange usually asks for 2 documents and/or procedures: (id verification, card verification) User identification at Paynote usually consists of some (it depends) different procedures (Paynote 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — MagneticExchange or Paynote — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is Paynote legit or scam?

Now it's time to draw a conclusion, is Paynote a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign Paynote a rating, but according to our research it's a good exchange. We have found no evidence that this broker is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the Paynote:

  • It is licensed, regulatory compliant financial company
  • The broker doesn't hold customers' funds, instantly delivering monies to your wallet
  • This company has being in the business for a long time; exchange was started 3 years and 5 months ago
  • Paynote allows registrations from 255 countries; people from United States may use the service

Overall rating for Paynote: N/A
Although we have not collected enough testimonials to assign a rating to Paynote, we can pre-estimate the rating (considering there will be no user complaints) as 100/100.