Paymium: A Review of Europe's First Bitcoin Exchange

Founded in 2011, Paymium holds the distinction of being the first European Bitcoin exchange. This exchange platform provides users with the capabilities to buy, sell, and securely store Bitcoins. However, Paymium doesn't limit itself to just exchange services. It also extends its offerings to encompass merchant solutions, allowing businesses to accept Bitcoin payments. Through this merchant service, received payments are automatically converted into Bitcoin. The platform offers seamless integration with e-commerce and shopping plugins, making it an attractive choice for online business owners.

Paymium goes the extra mile by offering a six-month free trial for its merchant service, enabling business owners to utilize the service without incurring any fees. For those looking to convert Bitcoin to Euro, Paymium levies a trading fee of 0.59%, which is notably lower than the fees charged by most competitors. Furthermore, Paymium caters to users who prefer to hold onto the Bitcoin they receive as payment. The platform provides options to either store funds in secure cold storage or facilitate transfers to third-party storage solutions.

The process of setting up an account with Paymium is straightforward, but it's worth noting that the verification process might take around 1-2 weeks to complete. For added convenience, the Paymium app is available on both Android and iOS platforms, ensuring accessibility for a wide range of users.

In summary, Paymium stands as a robust service with a significant history as Europe's pioneer Bitcoin exchange. While it offers merchant solutions, they are not its central focus. This distinction might lead merchants to consider alternative services that place greater emphasis on merchant-related activities.