How to Legally Buy $1 Million in Cryptocurrency: A Complete Service Review

Buying crypto shouldn't feel like you're doing something shady. But here's the reality: grab a service from Bestchange, skip registration, score a decent rate—and then your bank freezes your account because the transaction looked "suspicious." Fun times, right?

Let's talk about a different approach: using a verified cryptocurrency service where everything's above board, your bank stays happy, and you can actually buy substantial amounts without drama. We'll walk through exchange rates, verification processes, and why sometimes doing things the proper way isn't just safer—it's actually smarter.

Getting Started: What Registration Actually Looks Like

Paybis operates as a UK-based cryptocurrency exchange working across 189 countries and 48 US states. They handle 47 fiat currencies and 36 cryptocurrencies. The big difference? Everyone goes through verification. No exceptions.

Here's what that means practically: you'll confirm your email, verify your phone number, upload an ID photo, and provide your actual address. The passport check happens in minutes. Address verification might take up to half an hour—grab coffee.

Your personal data isn't stored on Paybis servers. They use an external KYC service with restricted server access. It's not perfect, but it's better than trusting random exchangers with zero accountability.

For purchases over $10,000, expect additional requests: purchase purpose, bank card photo, proof of residence, or income certificate. Sounds like a hassle? Sure. But you only do it once. And here's the thing—the exchange rate updates every minute during verification, so you're not locked into a bad price while waiting.

How Buying and Selling Works

Payment options include credit cards, debit cards, bank transfers, Skrill, and Neteller. You can buy any supported cryptocurrency. Selling is more limited—only Bitcoin for US dollars or British pounds.

The order window shows everything upfront: transaction fees, service fees, payment system fees. No surprises at checkout.

👉 Ready to see how verified crypto purchases can simplify your investment strategy?

When buying DOGE for €1 million (because why not), Paybis charges €9,900 in fees. Your bank adds another €500 for the transfer. Transaction limits range from $20,000 to $1 million depending on payment method.

Working with exchanges, payment providers, and crypto industry partners means Paybis can execute million-euro deals at 3 AM on a Tuesday. That liquidity matters when you're moving serious money.

The Rate Comparison Nobody Wants to Do

Let's get real about costs. We compared Paybis against major processors like Simplex and Moonpay, plus the best-rated exchangers available at the time. Here's buying Bitcoin with a card across different currencies (rates from October 2025):

20,000 RUB purchase (BTC rate: 1 BTC = 4,237,423 RUB):
Paybis delivered competitive rates compared to Simplex and Moonpay, with significantly lower commissions.

10,000 UAH purchase (BTC rate: 1 BTC = 1,568,550 UAH):
Similar story—Paybis fees came in two to three times lower than popular crypto-processing services.

$1,000 purchase (BTC rate: 1 BTC = 59,393 USD):
Exchangers on Bestchange showed the best rates, unsurprisingly. But here's the catch: they cap purchases around $2,000. Try buying $100,000 worth? Good luck.

Paybis sits in the middle ground. Not the absolute cheapest, but also not the "wow, that's expensive" territory of major processors. And unlike random exchangers, you can actually move substantial amounts without your bank having a meltdown.

Who This Actually Makes Sense For

If you're buying $100 worth of crypto for fun, this probably isn't your service. The verification process alone takes longer than the transaction.

But if you're a business needing regular crypto purchases, or an investor moving five or six figures, the picture changes completely. Verification from 180+ countries, support for 40+ currencies, legal compliance that keeps banks comfortable, and the ability to execute million-dollar transactions—these things matter.

The main limitation? You can only sell Bitcoin, and only for euros or British pounds. If you're holding a diverse portfolio and need to liquidate various assets quickly, this creates friction.

Final Thoughts

Cryptocurrency purchases shouldn't require choosing between good rates and legal compliance. The "find a random exchanger and hope for the best" approach works until it doesn't—usually at the worst possible moment.

For larger transactions or business needs, verified services provide something exchangers can't: accountability, legal compliance, and actual customer support when things go sideways. The verification hassle happens once. The peace of mind lasts considerably longer.

👉 Discover why verified exchanges work better for serious crypto investments and substantial purchases

Is this the right choice for everyone? Absolutely not. But if you've ever had a bank freeze your account over a $5,000 crypto purchase, or tried to buy six figures worth of Bitcoin through an exchanger with a Gmail address and vague promises—you already know why verified services exist.