Denmark based CASP4.8/5Penning vs Paybis — the MiCA-licensed Danish alternative
Paybis is a Latvia-based crypto on/off-ramp and brokerage founded in 2014, MiCA-authorised and holding a PSD2 payment-institution licence, serving 180+ countries. Paybis and Penning are licensing peers — both hold a MiCA CASP authorisation, and Paybis additionally holds a PSD2 payment-institution licence. The comparison is about product scope rather than regulatory standing: Paybis is an on/off-ramp and brokerage, so it is authorised to advise but not to manage a portfolio, and its card-funded flow prices differently from a bank rail.
Comparison
Penning vs Paybis — feature by feature
Paybis is based in Latvia. The comparison below reflects published information about each platform's product offering.
| Penning | Paybis | |
|---|---|---|
| Regulatory status | CASP (Danish FSA, FTID 10902) — authorised 15/01/2026 | CASP + PSD2 payment institution via SIA Paybis Europe (Latvijas Banka), authorised 12/05/2026Source: ESMA CASP register + Latvijas Banka licence release · checked 17 Jul 2026 |
| Portfolio management | Authorised for MiCA service (i) — the only Danish CASP that is — and offers it as Penning Invest | Authorised for advice (service h), not portfolio management (service i)Source: ESMA CASP register · checked 17 Jul 2026 |
| Product scope | Full platform — broker desk, OTC, Native Swap, and managed strategies | On/off-ramp and brokerage; no order book, no maker/taker tiers advertisedSource: paybis.com product pages · checked 17 Jul 2026 |
| Custody | Not held — crypto delivered to your own wallet | Both: delivery to an external wallet, or an optional custodial Paybis Wallet where the provider stores the private keySource: Paybis wallet + custodial-risk help pages · checked 17 Jul 2026 |
| Fiat rails | DKK via Danish bank + EUR via SEPA | SEPA in EUR, plus card, Apple/Google Pay, PayPal, Skrill and 40+ methods; DKK appears as a card/e-money transaction currencySource: paybis.com/dkk-to-btc + FAQ · checked 17 Jul 2026 |
| Pricing model | Transparent fee shown pre-trade; no monthly fee | Bank transfer via SEPA is quoted at 0.99% service plus roughly 0.05% processing; card-funded purchases carry a materially higher processing feeSource: Paybis fee-comparison blog (SEPA figure confirmed; card figures pending verification) · checked 17 Jul 2026 |
| Native cross-chain swap | Native Swap — settles in the destination asset on 28+ chains | Not advertisedSource: paybis.com product pages · checked 17 Jul 2026 |
| Who you contract with | Penning Financial Services ApS, Copenhagen — supervised by Finanstilsynet | SIA Paybis Europe, Riga (incorporated 19/03/2026); the wider group also operates UK, US and Polish entitiesSource: Paybis Terms of Service · checked 17 Jul 2026 |
Good fit
Who Penning is a good fit for
Penning fits if you want a Danish counterparty, DKK bank rails, crypto delivered to your own wallet, and the option of a managed strategy. Paybis is a credible licensed choice if you want a fast card-funded on-ramp across a wide range of countries and payment methods.
Alternatives
Other comparisons
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