Last Updated on 8 January 2023 by CryptoTips.eu
ProBit review (2024)
We can all agree, what every digital asset exchange is aiming at offering is an intuitive interface to trade cryptocurrencies. Something that’s not only adaptable but also easily accessible to users. Most of the exchange platforms in the market today are trying to offer a toggle between the primary and more advanced models.
However, this has proven to be not enough to meet the needs of the broad scope of users, each with unique trading habits. That is why what the market needs right now is a comprehensive exchange that can support full customization for individual users.
But we are in luck as ProBit Exchange aims at offering that and more. With that in mind, in this article, we will cover the features, fees, among other details of the ProBit Exchange platform. So, let’s get into it and read this ProBit review to learn everything about this exchange.
Up to 40% discount on trading fees by holding PROB
What is ProBit?
ProBit Global is an exchange based in South Korea. Steve Woo launched it alongside Hyunsu Do back in November 2018. According to the ProBit exchange whitepaper, this global exchange platform comes with quite an advanced and accessible website. Hence, it offers a wide range of services for the crypto community ranging from IEOs to trading.
Unlike other trading platforms, ProBit comes with a set of unique high authority features that sets it apart from other exchanges. The global exchange boasts of being the fastest exchange, all thanks to its capability to handle at least 1,500,000 transactions per second.
On top of that, this exchange platform distinguishes itself by providing the global coin-to-coin exchange. Also, ProBit prioritizes the security of the users and the wallets. Therefore, it uses HTTPS (SSL), cold wallets and custodial wallets.
Why should you choose ProBit?
- Top-notch security programs: ProBit offers its users three essential security features. First, it uses cold or offline storages to store at least 95% of the digital assets. This protects the assets from loss or theft. On top of that, they have an encryption program that helps to store all the data safely.
- Unique trading experience: The exchange platform is designed to offer its users convenience and easy accessibility. The exchange platform aims at putting in place a fully customizable interface that can easily be set according to the user’s preferences. That will help to show the trader only information that’s most prevalent and relevant to them.
- A wide range of currency pairs: ProBit also comes with more than 150 currencies that you can exchange. The platform continues to list more pairs as the market grows. In that, ProBit ensures the exchange is well updated as per the current market trends.
- IEO launchpad: ProBit has its own IEO launchpad where you can invest in new blockchain startups. ProBit facilitates a full in-depth review before launching a project, and they are responsible for the token distribution and listing.
- On-platform Staking: Earn a passive income with their on-platform crypto staking environment.
- BitUniverse Grid Trading: ProBit users can use the BitUniverse app to grid trade.
- FTX Leveraged Tokens: Over 8 FTX coins listed.
- ProBit Exclusive: Promising blockchain project tokens with exclusive huge discounts.
Up to 40% discount on trading fees by holding PROB
Key Features of this ProBit Review
What makes ProBit an interesting exchange to trade?
Native Probit Token advantages
People who hold the native ProBit Token (PROB) will receive interesting rewards. You can receive a trading fee discount up to 0.03% for only holding the token (based on the amount you hold). With staking you can earn PROB tokens to get a 100% refund on your trading fees. Partners will get a higher referral bonus for holding PROB.
Top-notch security
ProBit has one of the best security protection money can buy. You will also get instant authentication, and you can access your account without worrying about hacking attacks.
Conducive trading platform
With ProBit, you will get one of the best environments to conduct your trades seamlessly in real-time. It’s a good platform for newbies who don’t understand the dynamics of trading. You will have access to an user-friendly layout that will provide you with the relevant information. With this platform, you can analyze and enter trades at the best moment.
Over 150 trading pairs
ProBit has over 150 cryptocurrencies and a vast number of pairs that you can enjoy trading. The countless numbers of trading markets give the customers a chance to profit from any pair of their choice.
Support
As a trader, you are bound to face some challenges in your daily trading. That said, having access to quick and responsive customer support is always a plus. Thankfully, ProBit has a 24/7 customer coverage equipped in different languages.
Therefore, they can accommodate your queries in most of the native languages. More importantly, the application is compatible with most, if not all, mobile and desktop devices. You don’t have to worry about accessing your account at home or even at your workplace.
How to create a ProBit account?
Creating an account on the ProBit Global exchange is fairly easy.
- Go the ProBit Global official website and click on the Register button.
- You need to fill out the provided form and check all the boxes before clicking on the Register button.
- You will get a pop-up, check the ‘I am not a robot’ box.
- A verification code will be sent to your email. Copy the code and paste it at the provided box and verify.
- You need to complete the ProBit Exchange KYC level 2 in order to trade on this platform. Fill out the Verification form with your personal information. Upload a photo of your passport or ID as well as a picture of yourself holding the ID.
- Click Submit and there you have it!
How does ProBit work?
Understanding how ProBit exchange operates is not that hard. Typically, ProBit acts as an intermediary for you to convert your cryptos from one coin to the other. Also, the platform grants you the chance to hold your cryptos by their wallet.
More importantly, ProBit will allow its users to mine cryptos very soon. The beauty of this platform is the service they offer. I’m sure you are wondering what you can get from ProBit, right? Well, here are some of the services that ProBit offers:
Crypto exchange
ProBit has over four hundred cryptos hence making it one of the biggest exchanges in the world. You can easily open a new trade in the ProBit app:
- Make sure you deposited some crypto to trade. Preferably Bitcoin.
- Go to Exchange.
- Select your favorite trading pair. We chose BTC/USDT.
- You can choose between a Limit and Market order:
- Limit order: the order will be filled at your desired price.
- Market order: the order will be executed for the current market price.
- Place a Sell order to exchange your BTC for USDT.
Easy-to-use interface
There’s nothing more satisfying than finally finding a platform that’s easy to understand and operate. That’s what ProBit does for you. What’s more, even if you are new to the crypto world, you can learn how to operate ProBit in a matter of minutes.
Low Fees
These days, exchanges charge a lot for every trade you make. They use these fees to develop their platforms. However, when it comes to ProBit, every trade has a low fee of up to 0.20% for every trade. Additionally, ProBit also offers a ton of discounts for their loyal customers by holding their native token.
Earn through Staking
You can stake in the exchange and earn by just holding a certain crypto. You can find the staking services on the Stake tab.
Top Performance
ProBit offers state-of-the-art tech. The platform itself can handle up to 1.5 million transactions every second. That’s one of the fastest and most robust tech in the crypto-world. Therefore, traders can take advantage, especially when trading during busy times.
ProBit fees
ProBit is generally considered a low-fee exchange, meaning that it doesn’t charge a high maker and taker fees. The exchange instead has what is called the “flat fee model”. That means the exchange offers a flat trading fee of 0.20%, but when you have a larger trading volume, they offer you trading fee discounts.
That said, when you have a large trading volume, you can have trading fees that are as low as 0.05%. But if you pay your trading fees with PROB, the native token of the exchange, your fees can go even lower down to 0.03%.
All in all, the fees and discount rates on ProBit are subjected to change following the market conditions in the crypto market. When you want to withdraw BTC they charge a withdrawal fee of 0.001 BTC. Also, it is essential to note that ProBit accepts only cryptos as a deposit method.
Up to 40% discount on trading fees by holding PROB
Is ProBit safe?
ProBit started way back in 2017, and the company was launched in Seoul, South Korea. Over the years, the company split into two branches: ProBit Global and Korea. Different enterprises operate each of these branches. Additionally, the platform has grown to be one of the most successful exchanges worldwide.
ProBit is translated to over 40 languages to make it convenient for each country. More importantly, it’s one of the most secure platforms in the world. ProBit security emphasizes creating a safe environment for its users.
With this platform, you can now store your assets in the cold storage, which is also known as offline storage. That’s one of the ideal ways to protect cryptos from breaches and hackers. What’s more, ProBit uses one of the most robust algorithms to store data.
To take their privacy to the next level, ProBit uses multiple encryption methods to protect personal information and private keys of their customers. With the new 2FA security, you can now create a private encryption to your wallet using Google Authenticator. That makes your wallet more secure from hackers and security breaches. Check out these measurements you can take to protect your account. The security of an exchange is one thing, you are also responsible for a good security. Always withdraw your funds do a cold storage wallet when you’re not trading with it.
In the next chapter of this ProBit review you can read our conclusion.
Conclusion ProBit review
Cleary, ProBit is an exchange that’s worth your time. That’s all thanks to its advanced features and worldwide coverage. More importantly, with ProBit, you can trade on any pair of your choice. The best part is that you don’t have to worry about hacks or breaches since the platform takes extra precautions to protect its clients. ProBit hasn’t been hacked before, but you should always be on your guard with a cryptocurrency exchange. Don’t leave your funds at this exchange, but transfer it to a safer offline hardware wallet.
ProBit also has its token that comes with discounts and other perks when you are trading or holding the token on their platform. That’s an opportunity that every trader would like to take advantage of. All in all, whether you are a newbie or an advanced trader, there’s something for you on ProBit. Stick around for more exciting topics.
Up to 40% discount on trading fees by holding PROB
Do you want to share your own ProBit review? Please leave your own experience below.
Contact details:
PROBIT GLOBAL SERVICES Limited
8th Floor, 28 Teheran-ro 4-gil
Yeoksam-dong
Gangnam-gu
Seoul
South Korea
Company Number:
207189
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