Probit Review 2024

Autor

Revisor

Last update: 9 months ago

Our veredict

ProBit Global presents a compelling option for cryptocurrency enthusiasts looking for a versatile trading platform. It’s particularly appealing for those interested in a range of initial exchange offerings (IEOs) and an expansive set of trading pairs. The platform’s user interface is praised for its thoughtful design, contributing to an efficient trading experience. Additionally, the absence of mandatory KYC requirements enhances its accessibility, allowing traders to engage with the platform with relative anonymity.

However, ProBit Global does have some limitations. The most significant is the restricted fiat currency trading options, which might deter traders looking to use traditional money to purchase cryptocurrencies directly. Moreover, the lack of margin trading capabilities could be a drawback for those looking to leverage their positions to enhance potential gains. Overall, while ProBit Global offers many advantageous features, these limitations might influence its suitability for certain traders, especially those new to the crypto environment or looking to trade using fiat currencies.

Pros

Cons

Investing risks losing your money

4,3

Threenvest Score

Fees

0,20%

U.S Legal

Yes

With the confidence of Threenvest

Security Measures: ProBit Global employs robust security protocols including cold storage for digital assets, two-factor authentication, and encryption, ensuring the safety and integrity of user data and funds.

High Trading Volume and Liquidity: ProBit is capable of handling up to 1.5 million transactions per second, demonstrating significant liquidity which is essential for executing trades efficiently and at competitive prices.

Reputation and Reviews: Since its launch, ProBit Global has built a strong reputation within the crypto community, supported by positive user feedback and a track record of reliability and user satisfaction.

Transparency: ProBit Global provides clear information on its fee structure, trading processes, and the use of its native token, PROB, which is used to gain discounts on trading fees, contributing to an open and transparent trading environment.

Customer Service: ProBit offers comprehensive customer support with a detailed FAQ section, quick response times, and support for various languages, enhancing user experience and trust.

Best Crypto Exchanges

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

About Probit

ProBit Global is a cryptocurrency trading platform that debuted in 2018, with its headquarters established in Seychelles. The platform distinguishes itself by offering an extensive range of services, including crypto-to-crypto exchanges and initial exchange offerings (IEOs), catering to a diverse clientele from seasoned traders to beginners seeking an accessible entry into the cryptocurrency market.

What is ProBit Global?

ProBit Global is designed as a comprehensive trading solution, supporting a wide variety of cryptocurrencies. The platform emphasizes security, a high-performance engine capable of executing up to 1.5 million transactions per second, and a user-friendly interface that appeals to both novice and experienced traders.

Background and History

Founded by Hyunsu Do and Steve Woo, ProBit Global quickly positioned itself as a significant player in the global cryptocurrency exchange space. The platform operates two distinct branches: ProBit Global serves international users, while ProBit Korea caters specifically to South Korean traders. This bifurcation allows ProBit to tailor its services and user experience to meet regional demands and regulatory requirements.

Founders

The founders, Hyunsu Do and Steve Woo, bring a blend of tech expertise and visionary leadership, setting the stage for ProBit’s rapid growth and innovation. Their leadership continues to drive the platform’s development towards introducing new cryptocurrencies and enhancing trading functionalities.

Interesting Facts

ProBit Global supports over 500 cryptocurrencies and offers more than 300 trading pairs, making it one of the most versatile platforms in terms of available trading options.
The platform’s unique approach to trading fees, where discounts are provided to users who pay fees using the ProBit token (PROB), incentivizes participation and investment within its ecosystem.
ProBit has become known for its robust security measures, including the use of cold storage for the majority of assets, two-factor authentication (2FA), and a customizable user interface that enhances trading efficiency.

These elements combine to make ProBit Global not just a marketplace for digital assets but also a gateway for innovative financial opportunities in the burgeoning field of cryptocurrencies.

Why Choose Probit?

Versatile Trading Options: ProBit Global supports an extensive array of cryptocurrencies and trading pairs, making it suitable for traders looking to diversify their portfolios beyond the more common digital currencies. The platform’s capability to handle a large volume of transactions ensures liquidity, which is crucial for executing trades at desired prices without significant slippage.

User-Friendly Interface: Designed to cater to both beginners and experienced traders, ProBit Global’s interface balances complexity and ease of use. This approach ensures that new users can navigate the platform comfortably while seasoned traders can access advanced trading tools efficiently.

Access to Initial Exchange Offerings (IEOs): For those interested in emerging crypto projects, ProBit Global offers unique access to IEOs. This feature is particularly attractive for users looking to invest in new cryptocurrencies at their inception, potentially maximizing returns on investments as these projects grow.

Where it falls short

Fiat Currency Support: One of the primary limitations of ProBit Global is its restricted support for fiat currency transactions. Expanding this capability would make the platform more accessible to a broader audience, particularly those new to cryptocurrencies who may prefer to start trading with traditional money. Enhancing fiat currency support could involve adding more fiat deposit options and fiat-to-crypto trading pairs.

Introduction of Margin Trading: Currently, ProBit Global does not offer margin trading, which is a significant feature for traders looking to leverage their positions to maximize potential returns. Incorporating margin trading would attract a segment of the trading community that prefers or specializes in this type of higher-risk, higher-reward strategy. Improving this area would align ProBit with other major exchanges that already offer leveraged trading options.

Features	Explanation
Minimum Trade	ProBit supports low minimum trade amounts, making it accessible for beginners to start trading without requiring significant initial investments.
Trading and Transaction Fees	ProBit Global offers competitive trading fees that are below the industry average, enhanced by discounts for using the PROB token.
Number of Cryptocurrencies	With over 500 cryptocurrencies available, ProBit Global provides one of the most extensive selections, catering to traders looking for variety and niche coins.
Crypto-to-Crypto Trading Pairs	The platform supports over 300 trading pairs, offering significant flexibility for trading strategies across a broad range of cryptocurrencies.
Website Transparency	ProBit is generally transparent about its fees and operations, though some users may seek more detailed information on certain operational aspects.
Credit/Debit Card	ProBit does not offer an exchange card for in-store purchases.
Storage Offering	ProBit provides secure storage options, including cold storage, although it doesn’t offer as diverse an array of wallet services as some larger platforms.
Staking and Rewards	The platform offers staking options and various rewards through the use of its PROB token, giving users additional ways to earn from their holdings.
Mobile App and Desktop	ProBit offers a functional mobile app and a user-friendly desktop platform, though some users might find the features somewhat basic compared to more advanced trading platforms.
Customer Service	Customer service is available and generally responsive, but feedback indicates that there is room for improvement in terms of speed and the breadth of support options.
Deposit and Withdraw	Deposits and withdrawals are supported efficiently on ProBit, but the options for fiat transactions are limited, and the structure for withdrawal fees can be complex.

Investing risks losing your money

Xavier Tarrasó

EIP and Cryptocurrency Investor

As one of the experts here at our website, I highly recommend ProBit Global for its impressive array of over 500 cryptocurrencies and more than 300 trading pairs. This diversity makes it an excellent platform for both new and seasoned traders looking to explore various investment opportunities. Moreover, its competitive trading fees, especially when using the PROB token, make it an economically smart choice. Whether you’re beginning your crypto journey or seeking new trading strategies, ProBit Global’s user-friendly and efficient platform stands out as a strong candidate in the crowded field of crypto exchanges.

Fees

ProBit Global’s fee structure is designed to be competitive and accessible for traders of all levels. The platform employs a flat trading fee model of 0.20%, which is slightly lower than the global industry average. This uniform fee applies to both makers and takers, simplifying the trading process and making it transparent for users. Additionally, significant discounts are available for those who choose to pay their trading fees with the PROB token, ProBit Global’s native cryptocurrency. This feature not only encourages the use of PROB within the platform but also offers an economical advantage to frequent traders, enhancing their overall trading experience.

Pros

Competitive Fees: ProBit's trading fees are set at a flat rate of 0.20%, which is competitive within the industry, appealing especially to active traders.
Discounts with PROB Token: Users benefit from lower fees when they use ProBit’s native PROB token to pay for transactions, providing an incentive to engage with the platform's ecosystem.
Fee Rebates on High Volume: For traders with high trading volumes, ProBit offers additional discounts, reducing the fee potentially to as low as 0.05%, which is highly advantageous for high-frequency traders.

Cons

Limited Fiat Options: The fee advantages mainly apply to crypto-to-crypto transactions, as the platform's fiat options are limited, which could be a barrier for traders wishing to use traditional currencies.
Complexity for New Users: The varying levels of fee discounts based on the use of PROB tokens and trading volumes might confuse new users who are not yet familiar with the platform’s operations or the specific benefits of using PROB tokens.

Product selection

ProBit Global offers a diverse array of services and products, positioning itself as a versatile cryptocurrency exchange suitable for various trading needs. The platform provides access to over 500 cryptocurrencies and 300 trading pairs, catering to both seasoned traders and newcomers with its user-friendly interface. Noteworthy features include no mandatory KYC procedures for basic trading levels, a variety of initial exchange offerings (IEOs), and competitive trading fees that can be reduced through the use of its native PROB token. ProBit’s integration of advanced security measures and a robust trading engine capable of handling up to 1.5 million transactions per second ensures a secure and efficient trading experience for all its users.

Pros

Extensive Cryptocurrency Selection: ProBit Global supports a wide array of over 500 cryptocurrencies and 300 trading pairs, providing great diversity and options for traders.
User-Friendly Interface: The platform is known for its intuitive design, making it accessible for beginners while still offering advanced features for experienced traders.
No KYC for Basic Trading: ProBit allows users to trade without completing KYC verification for basic trading levels, which simplifies the entry process and enhances privacy.

Cons

Limited Fiat Options: ProBit’s focus is primarily on crypto-to-crypto transactions, which can be a barrier for users looking to trade directly with fiat currencies.
Lack of Advanced Trading Features: While ProBit offers essential trading tools, it lacks more advanced trading features like algorithmic trading or extensive automated trading support, which might deter some professional traders.

Read more about product selection in Probit

ProBit Global offers an extensive range of services and products designed to cater to a wide audience within the cryptocurrency market, from beginners to advanced traders. Here’s an overview of the comprehensive features available on ProBit Global:

Cryptocurrencies and Trading Options ProBit supports trading in over 500 cryptocurrencies and 300 trading pairs, providing a broad spectrum for trading and investment. This includes major coins like Bitcoin, Ethereum, and lesser-known altcoins, offering users a wide array of choices to diversify their portfolios.
Initial Exchange Offerings (IEOs) One of ProBit’s standout features is its robust IEO platform, which allows users to participate in the launch of new tokens. This service is highly valued by users looking to invest in new blockchain projects from their inception.
Trading Interface ProBit’s trading platform is designed to accommodate both novice and experienced traders. It includes an intuitive interface and advanced charting tools powered by TradingView, which offers a range of technical indicators and drawing tools for comprehensive market analysis.
Staking and Financial Products The exchange offers staking services, where users can earn rewards by holding certain cryptocurrencies. This feature appeals to users who are looking for passive income from their crypto holdings.
Leveraged Tokens, Futures, and Derivatives ProBit provides options for leveraged trading, including futures and derivatives. These products allow experienced traders to speculate on price movements and use leverage to amplify their trading results.
API Access For users who prefer automated trading, ProBit offers API access that enables them to use trading bots, further enhancing trading strategies and efficiency.
Security Features ProBit employs industry-standard security measures including SSL encryption, 2FA (two-factor authentication), and cold storage systems for the majority of user funds, ensuring high levels of security against unauthorized access.
Education and Support ProBit provides a comprehensive education center filled with articles, tutorials, and videos designed to help users understand cryptocurrency trading and the platform’s features. Additionally, customer support is available via multiple channels including email, live chat, and a detailed FAQ section, ensuring users have the support they need.
Wallet Services The platform includes a built-in wallet for each cryptocurrency, facilitating easy deposits, withdrawals, and storage of funds.
Mobile App ProBit offers a mobile app available on both Android and iOS, allowing users to trade and manage their accounts from anywhere, at any time.

This extensive range of services and products makes ProBit Global an attractive option for anyone looking to engage with the cryptocurrency market, whether they’re looking to trade actively, invest in new projects, or earn through staking and savings.

Account opening

Opening an account with ProBit Global is a straightforward and user-friendly process designed to facilitate quick access to the cryptocurrency market. The platform requires minimal personal information for basic account setup, making it accessible for users across the globe. Once you sign up, you can begin trading immediately with crypto-to-crypto transactions. For users who wish to access higher trading limits and additional features, completing a KYC verification process is necessary, which involves submitting identification documents to ensure compliance with financial regulations. This blend of easy initial access with the option for expanded functionality through verification makes ProBit Global a versatile choice for both casual and serious traders.

Pros

Fast and Simple Setup: ProBit Global allows users to quickly set up an account with only an email and password, facilitating immediate access to trading.
No Mandatory KYC for Basic Trading: Users can start trading without undergoing a KYC verification process for basic account levels, enhancing privacy and ease of use.
Optional KYC for Higher Limits: For users seeking higher trading limits and additional services, KYC verification is available, providing flexibility based on the user's needs and preferences.

Cons

Limited Functionality Without KYC: While basic trading is available without KYC, access to full platform features and higher transaction limits requires completing the KYC process, which might be a barrier for some users.
Potential Delays in Verification: The KYC process, when opted for, can sometimes involve delays and require substantial documentation, which could be a hindrance for users eager to access higher trading capabilities promptly.

Read more about account opening in Probit

Detailing the entire account opening process on ProBit Global involves several steps aimed at ensuring ease of use while adhering to security standards. Here’s a comprehensive guide:

How to Sign Up on ProBit Global

Visit the Official Website: Navigate to ProBit Global’s homepage.
Register: Click on the ‘Sign Up’ button usually located at the top right corner of the page.
Enter Your Details: Fill in your email address and create a password. Agree to the terms and conditions after reading them carefully.
Email Verification: Check your email for a verification link and click on it to confirm your email address. This step is crucial for activating your account.

Opening an Account

After signing up, you can immediately begin using your account for trading. However, to fully utilize all features and increase your trading limits, you may need to complete additional verification steps.

How to Buy Your First Cryptocurrency

Deposit Funds: Before buying cryptocurrency, deposit funds into your account. If you have completed KYC, you might be able to use fiat currencies; otherwise, you can transfer cryptocurrencies from another wallet.
Navigate to the Trading Interface: Find the trading pair you’re interested in.
Place an Order: You can choose between different types of orders (e.g., market, limit) to buy your cryptocurrency.

Account Types

ProBit Global typically offers different account types based on the level of verification:

Basic Account: Allows trading with limited features and lower limits; no KYC required.
Verified Account: After completing KYC, users get higher limits and access to additional features like fiat transactions.

How to Use ProBit Global?

Interface Navigation: Familiarize yourself with the interface. ProBit offers a user-friendly dashboard where you can view your portfolio, set up trades, and access various tools.
Utilize Trading Tools: Use the provided tools for technical analysis to make informed trading decisions.

Registration and KYC

To unlock all features:

Complete KYC: Provide personal information, upload an ID document, and possibly a proof of address. This is necessary for higher withdrawal limits and fiat transactions.
Security Settings: It’s advisable to set up two-factor authentication (2FA) for additional security.

By following these steps, users can seamlessly navigate their initial experience on ProBit Global, making it a practical platform for both beginners and experienced traders looking to explore the vast possibilities in the crypto market.

Security

ProBit Global incorporates multiple layers of security to protect user assets and data. This includes the use of cold storage for the majority of funds, which isolates them from online systems and potential cyber threats. Additionally, the platform employs two-factor authentication (2FA) for all accounts, which significantly enhances account security by requiring a second form of verification in addition to the password. To safeguard user information, ProBit Global uses advanced encryption protocols to encrypt sensitive data, preventing unauthorized access or data breaches. The platform also regularly undergoes security audits and tests to identify and address vulnerabilities, which helps maintain a secure trading environment. Moreover, ProBit Global’s infrastructure is designed to withstand high traffic and potential cyber attacks, ensuring stability and reliability even during market volatility or attempted security breaches. The commitment to security is evident in ProBit Global’s operational practices and is a fundamental reason why it is trusted by traders worldwide.

Pros

Robust Cold Storage: ProBit Global secures the majority of its digital assets in cold storage, minimizing the risk of theft from cyberattacks. This approach is widely recognized as best practice for safeguarding large volumes of cryptocurrency.
Two-Factor Authentication (2FA): The mandatory implementation of 2FA for all user accounts significantly enhances account security, providing an additional layer of defense against unauthorized access.
Advanced Encryption: ProBit Global employs state-of-the-art encryption techniques to protect sensitive user data, ensuring that personal and transaction information remains secure from interception or exposure.

Cons

Lack of Regulatory Oversight: As ProBit Global is based in Seychelles, it operates with less stringent regulatory requirements compared to exchanges in jurisdictions like the U.S. or Europe. This might raise concerns about the level of oversight and compliance.
No Insurance on User Funds: Unlike some other major platforms, ProBit Global does not publicly advertise any insurance policy to cover user funds in the event of a security breach, which might be a point of concern for users considering the potential risks of cryptocurrency exchanges.

Is ProBit Legit?

ProBit Global, established in Seychelles, operates with a strong emphasis on security but lacks the rigorous oversight that comes with stricter regulatory frameworks found in jurisdictions like the USA or EU. However, its operational history and substantial user base do lend it credibility as a legitimate trading platform in the crypto community.

Regulation and Licensing

While ProBit Global does not fall under the top-tier regulatory bodies, it follows industry-standard security practices to protect its users. The absence of stringent regulation may concern users from regions with strict financial controls, but it also allows ProBit more flexibility in its operations.

Is ProBit Safe?

Security Measures:

Cold Storage: A significant portion of digital assets on ProBit is stored in cold storage, ensuring their safety against online threats.
Two-Factor Authentication (2FA): This mandatory feature adds an extra layer of security, safeguarding user accounts from unauthorized access.
Encryption and Security Protocols: ProBit uses advanced encryption to protect user data and communications across its platform.

Security History

ProBit Global has maintained a clean security record with no significant breaches, underscoring its effective security measures and management’s commitment to user safety.

Comprehensive Security Analysis

ProBit Global’s approach to security is multifaceted, focusing on both technological safeguards and procedural measures to prevent unauthorized access and data leaks. Its security framework includes regular audits and updates to stay ahead of potential cybersecurity threats.

Conclution

While the lack of top-tier regulatory oversight might be a drawback for some users, ProBit Global’s robust security practices and clean operational history present a strong case for its safety as a crypto exchange. The platform continues to build its reputation in the crypto exchange market, prioritizing user security and continuously enhancing its protective measures to ensure a safe trading environment for its global user base.

Customer service

ProBit Global’s customer service is structured to cater to a global audience with support available via email, Telegram, and a live chat system, ensuring that help is readily accessible around the clock. The platform provides an extensive FAQ section that covers a broad range of topics, from account setup and security to trading and withdrawals, aiming to address common queries promptly. Despite its robust support channels, the service occasionally faces challenges such as response delays during peak times and limited phone support, which can affect users requiring immediate assistance. Overall, ProBit maintains a commitment to user support, focusing on continuous improvement and user satisfaction.

Pros

Multiple Channels of Support: ProBit Global offers customer support through various channels, including email, live chat, and Telegram, ensuring that users can reach out via the method that is most convenient for them.
24/7 Availability: The support team is available around the clock, which is crucial for a platform operating in the global crypto market, where users may need assistance at any hour due to the 24/7 nature of cryptocurrency trading.
Extensive FAQ and Help Section: ProBit provides a comprehensive FAQ section that covers a wide range of topics, helping users quickly find answers to common questions, which can reduce the need for direct contact with support staff.

Cons

Response Times Can Vary: During periods of high demand, such as market surges or downtimes, response times can be slower, which may lead to frustration for users needing urgent help.
No Phone Support: ProBit does not offer phone support, which can be a limitation for users who prefer or require direct verbal communication to resolve their issues, especially in complex situations where written explanations are insufficient.

Read more about customer service in Probit

For ProBit Global, the customer service section is robust and designed to handle a variety of user inquiries efficiently. Here’s a detailed overview of their customer support features:

Customer Support

ProBit Global’s customer support team is accessible through multiple channels:

Email: Users can send detailed inquiries and receive responses directly from support staff.
Live Chat: Available on the website, this provides immediate assistance for urgent issues.
Social Media and Telegram: These platforms are used for real-time communication and updates, providing a more informal way to reach support.

Reputation and Customer Feedback

ProBit enjoys a generally positive reputation among its users for responsive and helpful customer support.
User reviews often highlight the effectiveness of the live chat feature and the helpfulness of the support team in resolving issues promptly.

Contact Methods

ProBit Global emphasizes digital communication channels, ensuring global accessibility without the need for telephonic contact, which can be limiting due to different international time zones and language barriers.

Response Time

The response time varies depending on the channel used. Live chat and Telegram usually offer the quickest responses, while emails may take longer, especially during high-volume periods.

Additional Customer Support Needs

ProBit also offers a comprehensive Help Center that includes FAQs, user guides, and tutorial videos to help users understand the platform’s features and solve common problems independently.

Overall, ProBit Global’s customer service infrastructure is well-equipped to support a global user base, with a focus on accessibility, timely responses, and comprehensive resources to ensure user satisfaction and platform reliability.

Is probit Right for You?

Trading Preferences and Experience Level: ProBit Global is particularly suited to users who are comfortable with crypto-to-crypto transactions and do not require fiat-to-crypto trading. Its platform supports a wide array of cryptocurrencies and trading pairs, making it ideal for traders looking to explore diverse markets. The user-friendly interface combined with advanced tools powered by TradingView makes it suitable for both beginners and experienced traders. However, if you’re new to cryptocurrencies and prefer to start trading with fiat currencies, you might find the lack of fiat options a significant barrier.
Interest in Diverse Cryptocurrency Products: If you are interested in engaging with a variety of cryptocurrency trading options such as spot trading, futures, and potentially high-risk but high-reward activities like staking and participating in initial exchange offerings (IEOs), ProBit Global offers these features. The platform’s structure supports both speculative trading and long-term investment strategies, making it a good choice for users looking to expand their crypto trading beyond just buying and selling.
Security and Regulatory Considerations: ProBit Global employs robust security measures including cold storage of assets, two-factor authentication, and encrypted data communication. However, it operates out of Seychelles and may not have the same level of regulatory oversight as exchanges based in jurisdictions with stricter financial regulations. If you highly value regulatory compliance and the additional security it can provide, you might want to consider this aspect carefully. ProBit Global is best for users who are comfortable trading on less regulated platforms that still maintain strong internal security protocols.

Evaluating these aspects can help you decide if ProBit Global aligns with your trading needs and security preferences, ensuring you choose a platform that fits your approach to cryptocurrency trading.

Probit compared to other crypto exchanges

Threenvest score

4,3

Fees

0,20%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Threenvest score

4,9

Fees

0,08%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

bingx

Threenvest score

4,7

Fees

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Available cryptocurrencies and countries available

ProBit Global supports a wide range of cryptocurrencies, offering over 500 different types including major players like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). This extensive selection caters to a diverse trading audience looking to engage in both popular and niche markets. However, it’s important to note that some cryptocurrencies like Cardano (ADA) and Polkadot (DOT) may not be available, which could be a limiting factor for traders interested in these specific markets.
In terms of geographic accessibility, ProBit Global serves a vast array of countries, making it accessible to users from continents like Asia, Europe, and Africa. Key countries with access include South Korea, the United Kingdom, Canada, and Germany, among others. However, ProBit Global is not available to residents of the United States and Japan due to regulatory restrictions. This exclusion is significant as it limits access for potential users in two of the largest economies with substantial numbers of cryptocurrency traders.

This setup ensures that while ProBit Global offers broad crypto options and geographical coverage, certain limitations in terms of cryptocurrency availability and restricted access from specific key markets like the USA and Japan should be considered when deciding if ProBit Global meets your trading requirements.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Tether (USDT)
Ripple (XRP)
Litecoin (LTC)
Bitcoin Cash (BCH)
EOS (EOS)
TRON (TRX)
Monero (XMR)
Dash (DASH)

Main countries where you can open an account

South Korea
United Kingdom
Canada
Germany
India
Australia
Brazil
South Africa
Netherlands
Singapore

FAQs

1. What cryptocurrencies can I trade on ProBit Global?

ProBit Global offers a diverse range of over 500 cryptocurrencies, including major names like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), as well as a variety of altcoins and less common digital currencies.

2. Can I use fiat currencies to purchase crypto on ProBit Global?

ProBit Global primarily supports crypto-to-crypto transactions and does not widely support direct fiat-to-crypto trading. Users will need to deposit cryptocurrencies to trade on the platform.

3. Is ProBit Global available in the United States?

No, ProBit Global is not available to residents of the United States due to regulatory restrictions.

4. What are the trading fees on ProBit Global?

ProBit Global charges a flat trading fee of 0.20%, which can be reduced further by using the platform’s native PROB token for transactions. This fee structure is competitive compared to industry standards.

5. How does ProBit Global ensure the security of my funds?

ProBit Global prioritizes security with measures like cold storage for the majority of assets, two-factor authentication (2FA) for all accounts, and advanced encryption protocols to protect user data.

6. Does ProBit Global require KYC verification?

For basic trading activities, KYC verification is not mandatory on ProBit Global. However, for higher trading limits and certain functionalities, completing KYC verification may be required.

7. How can I withdraw funds from my ProBit Global account?

To withdraw funds, navigate to the ‘Wallet’ section, select ‘Withdraw’, enter the amount and the recipient’s wallet address, and confirm the transaction. Withdrawals are subject to fees, which vary depending on the cryptocurrency being withdrawn and the current network conditions.

Final opinion on Probit

Threenvest’s review of ProBit Global highlights it as a formidable platform in the cryptocurrency exchange landscape, particularly appealing to users who value a wide array of crypto-to-crypto trading options and innovative features like IEO access and staking opportunities. ProBit’s strength lies in its extensive selection of over 500 cryptocurrencies, competitive trading fees that can be further reduced by using the PROB token, and robust security measures that protect user assets and data. These features position ProBit favorably against competitors, especially for traders looking to explore a broad spectrum of digital assets without the complexities often associated with large, more regulated exchanges.

However, ProBit Global also presents certain limitations that could influence its appeal. The lack of support for direct fiat currency transactions may deter newcomers who are not yet comfortable navigating crypto-only trading environments. Additionally, the absence of regulatory oversight in a stricter financial jurisdiction might concern users who prioritize legal compliance and institutional backing. Despite these challenges, ProBit Global offers a compelling service, especially for users in markets not served by more heavily regulated exchanges. For Threenvest users considering ProBit, it offers a balanced mix of advanced trading tools and user-centric features, making it a worthy contender in the global cryptocurrency exchange market.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Do not invest unless you are fully prepared to lose the entire amount of your investment. This is a high-risk activity, and you should not rely on any guarantees of protection if something goes wrong.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.

Investing risks losing your money