Hello guys, today we are analyzing the ProBit Exchange, a platform that has a lot in store for beginner and advanced crypto traders alike.
ProBit boasts low trading fees and a wide range of cryptocurrencies which can make your trading simple and safe.
Whether you want to spot trade, stake, or take advantage of the discounts offered through their native PROB token, ProBit has it all.
Now, let us see how this platform blends easy to use features with high security levels to give users the best experience in the world of cryptocurrencies.
Introduction
ProBit Exchange describes its business model as a global platform for cryptocurrency with a focus on specific reviewed projects.
The exchange has an impressive order matching speed of more than 1.5 million orders per second and offers a customizable interface.
Furthermore, ProBit supports more complex methods of authentication such as a hardware security key which works in tandem with two-factor authentication (2FA).
Know Quick Details About ProBit
| Feature | Details |
|---|---|
| Platform Type | Global coin-to-coin cryptocurrency exchange |
| Order Matching Speed | 1.5 million orders per second |
| User Interface | Customizable for a personalized trading experience |
| Security | Hardware security key option, 2FA (Two-Factor Authentication) |
| Crypto Listings | Only qualified and vetted cryptocurrency projects |
| Website | www.probit.com |
Some Popular Token Available On This Exchange
| Token Symbol | Token Name | Category | Key Use Case | Blockchain |
|---|---|---|---|---|
| BTC | Bitcoin | Cryptocurrency | Store of value, decentralized payments | Bitcoin Blockchain |
| ETH | Ethereum | Cryptocurrency | Smart contracts, decentralized apps | Ethereum Blockchain |
| XRP | Ripple | Cryptocurrency | Cross-border payments | XRP Ledger |
| SOL | Solana | Cryptocurrency | Fast transactions, decentralized apps | Solana Blockchain |
| TRX | TRON | Cryptocurrency | Decentralized content sharing, DApps | TRON Blockchain |
Trading Fees on ProBit
ProBit Global appeals to traders of all levels with its straightforward and competitive fee structure.
The platform employs a single fee per trade of 0.20%, which is lower than the fee charged by most in the sector.
This uniform rate is charged to both makers and takers, simplifying the trading process and eliminating any ambiguity.
Furthermore, PROB token holders can receive discounted rates when paying trading and withdrawal fees. This feature encourages the use of PROB while also benefiting traders who are frequent and increasing their overall experience in trading.
How to Start Trading on ProBit
Create an Account
Register on ProBit’s site using your email and password, then verify your email to finalize the signup process.
Complete KYC
Your limit for withdrawals increases after successful KYC processes that require identification documents.
Deposit Funds
Use various payment methods such as bank transfers, crypto transfers, or direct deposit of the Fiat and crypto into your ProBit account.
Choose a Trading Pair
After funding your account, pick a trading pair of your preference such as BTC/USDT from the available options.
Place an Order
Depending on your selected methods of trading, you can utilize the platform to set either a market or limit order.
Monitor Your Trade
In the section ‘Open Orders’, keep an eye on the trades you placed and based on the market changes, opt to cancel or modify your previous orders.
Withdraw Funds
After the trade is done, transfer your profits to your bank account or wallet.
ProBit Services and Features
Spot Trading: Includes more than 800 cryptocurrencies and an assortment of trading pairs.
Futures Trading: Trade crypto derivatives with the best fee structure in the market.
Copy Trading: Leverage automated trading through the top traders’ strategies.
Staking: Stake your cryptocurrencies to earn passive income.
NFT Marketplace: Buy, trade, or discover premium NFT collections.
API Services: High-speed, low-latency API endpoints for developers.
Institutional Services: Competitive fees, sub accounts, and credit lines for institutional clients.
24/7 Support: Always accessible customer service team.
Security: Advanced risk control systems features, hybrid hot/cold wallets, and multi-signature technologies.
User Friendly Interface: Supports a plethora of languages around the globe.
Here’s a table showing the supported countries and banned countries for ProBit:
| Supported Countries | Banned Countries |
|---|---|
| ✅ United States (for some states) | ❌ North Korea |
| ✅ United Kingdom | ❌ Iran |
| ✅ Canada | ❌ Syria |
| ✅ Australia | ❌ Cuba |
| ✅ European Union Countries | ❌ Crimea (Ukraine) |
| ✅ South Korea | ❌ Sudan |
| ✅ Japan | ❌ Afghanistan |
| ✅ Singapore | ❌ Venezuela |
| ✅ Hong Kong | ❌ Iraq |
ProBit PROS & CONS
| Pros | Cons |
|---|---|
| ✅ Low trading fees (0.20%) | ❌ Limited fiat deposit options in some regions |
| ✅ Discounts for using PROB token for fees | ❌ Some advanced features may require a learning curve |
| ✅ Wide selection of cryptocurrency pairs | ❌ No direct P2P trading option |
| ✅ High security features (2FA, hardware key) | ❌ Limited customer support channels |
| ✅ Advanced trading tools (spot, margin) | ❌ No direct support for some lesser-known tokens |
| ✅ Staking options to earn rewards | ❌ KYC required for higher withdrawal limits |
Is ProBit Secure?
ProBit Exchange utilizes various rigorous protective measures to assure users’ assets and information are kept safe. User accounts feature an added layer of safety through two-factor authentication (2FA).
Moreover, ProBit supports hardware security keys which enables users that are looking to improve their account’s security an even safer alternative. Moreover, the platform employs encryption of the highest standards to protect sensitive data.
Although strong security protocols are in place at ProBit, users are recommended to take necessary precautions, including the use of complex passwords and 2FA, to ensure greater security of their accounts.
ProBit Customer Support
Probit Exchange comes with an intuitive design and a comprehensive list of cryptocurrencies inclusive of relevant trading instruments.
Probit supports staking, charges low fees, and provides robust security making it suitable for both novice and expert traders.
The customer service is helpful, but the time taken to respond can differ which also depends on the monetary region. In summary, ProBit offers a promising solution to traders looking for a reliable exchange with enhanced features security.
Conclusion
ProBit Exchange has positioned itself as a preferred option in the crypto trading market owing to its rich selection of trade-able tokens, competitive fees, and robust security options which include two-step verification and hardware key authentication.
The platform has the potential to improve in terms of customer support response time. Nevertheless, the friendly nature of the platform, in addition to the advanced tools provided for trading, do make it an appealing option for both novice and experienced traders.
ProBit’s accent on secure and clear global trading makes it a formidable player in the crypto exchange ecosystem, and owing to its robust marketing presence, ProBit will remain a key player in the exchange market.
