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Switchere

Switchere is a website for buying and selling cryptocurrencies by card, active since at least 2019. It no longer provides crypto services itself: run by Lithuania's SH Europe UAB, it gives access to Paybis, whose European company has held a Latvian MiCA licence since 12 May 2026.

Riccardo CuratoloBy Riccardo Curatolo 3 min read How we work
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Service reorganised. Since at least January 2025 Switchere has no longer provided cryptocurrency services directly. According to the terms of use, the website, owned by the Lithuanian company SH Europe UAB, gives access to the buying and selling service of its partner Paybis: anyone who buys or sells accepts the terms of Paybis, which carries out the transactions, verifies customers' identity and handles refunds and chargebacks. There is no record of any announcement of Switchere being acquired by Paybis. Source: Switchere terms of use. Updated 26 October 2026.

What Switchere is

Switchere is an online service for buying cryptocurrencies with a credit or debit card; the earliest archived versions of the website, from November 2019, already show it in operation. Today it also allows users to sell cryptocurrencies. The operator has changed over time: at least until March 2023 it was the Estonian company FITEUM OÜ, based in Tallinn; it was later replaced by the Lithuanian company SH Europe UAB, based in Vilnius. The virtual currency services are provided by the Paybis group, whose purchase window is embedded in the website. Fees are shown before confirmation; the terms of use warn that they may be higher or lower than those Paybis charges on its own website. (Verified: October 2026)

Regulation and licences

(Verified: October 2026)

  • MiCA: NO for Switchere. SH Europe UAB does not appear in the ESMA register of authorised crypto-asset service providers (CASPs), updated on 22 October 2026; under its own terms, it does not provide exchange services.
  • Paybis's European company is MiCA-authorised. On 12 May 2026 SIA Paybis Europe (Riga) obtained authorisation from the Bank of Latvia, valid throughout the European Economic Area. Paybis's terms of service, updated on 1 July 2026 and referred to in Switchere's terms, name this company as the provider (authorisation no. 27-55/2026/6) and specify that the customer's counterparty is the Paybis entity indicated before the order is confirmed.
  • Switchere's footer, by contrast, names Paybis Poland Sp. z o.o. "and its affiliated entities" as the provider. Paybis Poland does not appear in the ESMA register: according to Paybis's terms, it is a group company that temporarily manages part of the payments infrastructure, which is being transferred to the Latvian entity, and it does not provide crypto-asset services in its own right.
  • Warnings: no blocking order from CONSOB (Italy's securities regulator) concerns Switchere, Paybis or their domains (notices from July 2019 to 23 October 2026).

Security

There are no significant public incidents on record, such as hacks or insolvencies (Verified: October 2026). Under the current model the counterparty is Paybis: identity checks, any refusal of transactions, refunds and chargebacks are the responsibility of the partner, not of Switchere. Paybis's European entity is supervised by the Bank of Latvia, which customers can turn to if they are not satisfied with the response to a complaint.

Headquarters and contacts

  • SH Europe UAB, Lvivo g. 25-701, Vilnius (Lithuania), company code 306126973: owner and operator of the website (terms of use, October 2026).
  • SIA Paybis Europe, Brīvības iela 171, Riga (Latvia): authorised provider of Paybis's services in the EU. Paybis Poland Sp. z o.o., Hoża 86/210, Warsaw (Poland): the company named in Switchere's footer.
  • The Tallinn address (Roosikrantsi 2) belonged to the previous operator and is out of date.
  • Official website: https://switchere.com/

Alternatives

MiCA-authorised operators in the European Union:

  • Revolut — buying and selling cryptocurrencies in the app, MiCA licence from Cyprus's CySEC (20 October 2025)
  • Crypto.com — app and exchange, MiCA licence from Malta's MFSA (27 January 2025)
  • Kraken — exchange, MiCA licence from the Central Bank of Ireland (25 June 2025)

FAQ

Is Switchere authorised to operate in the European Union? The company that runs the website, SH Europe UAB, is not MiCA-authorised. The service Switchere gives access to, however, is that of Paybis, whose Latvian entity has been authorised since 12 May 2026 and can operate throughout the European Economic Area. (Verified: October 2026)

Has Switchere been bought by Paybis? There is no record of any acquisition announcement. Switchere's terms of use describe Paybis as a "partner" and Switchere as a website that gives access to the partner's service.

Is Switchere based in Estonia? No longer. The Tallinn address belonged to the previous operator, FITEUM OÜ; today the website belongs to SH Europe UAB, based in Vilnius.

Verified sources

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