ProBit review: ProBit is a cryptocurrency exchange platform that provides users with a secure and efficient way to trade digital assets. It was founded in 2018 and has quickly gained popularity in the crypto community. ProBit offers a wide range of features and services designed to meet the needs of both novice and experienced traders.
One of the key advantages of ProBit is its robust security measures. The platform implements various security protocols, including two-factor authentication (2FA), cold storage for user funds, and regular security audits. These measures help to protect user assets and ensure a safe trading environment.
ProBit supports a vast selection of cryptocurrencies, including popular options such as Bitcoin, Ethereum, and Ripple, as well as many lesser-known altcoins. This diverse range of available assets allows traders to have access to a wide array of investment opportunities.
| 📅 Year of Establishment | 2018 |
| 💱 Coins: | 500+ |
| 💰 Min deposit | ₿0.0005 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Seoul, South Korea |
Overall ProBit Review
In conclusion, ProBit is a reputable cryptocurrency exchange that offers a secure and feature-rich platform for trading digital assets. With its strong security measures, diverse selection of cryptocurrencies, intuitive trading interface, support for IEOs, and responsive customer support, ProBit has established itself as a popular choice among cryptocurrency traders.
Go to ProBit website
Top Reviews
Best customer reviews of ProBit
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
ProBit has an incredibly user-friendly interface that makes trading a breeze. The layout is clean and intuitive, allowing even novice traders to navigate the platform with ease. The charting tools and real-time market data provided are top-notch, providing valuable insights for making informed trading decisions. The order types available are diverse, catering to different trading strategies. Overall, ProBit's interface creates a seamless trading experience that is both efficient and enjoyable.
Russia
One aspect to consider when trading on ProBit is the liquidity of certain trading pairs. While the platform offers a wide selection of cryptocurrencies, some less popular trading pairs may have lower liquidity, resulting in potential difficulties in executing trades at desired prices. It is advisable to carefully evaluate the liquidity of specific pairs before engaging in trading activities to ensure a smooth trading experience.
Belarus
Unfortunately, my experience with ProBit's customer support was disappointing. The response time to my inquiries was significantly delayed, and when I did receive a response, the provided assistance was insufficient. It felt like my concerns were not given proper attention, and the overall support experience was lacking. Improvements in the responsiveness and effectiveness of the customer support team would greatly enhance the overall user experience on ProBit.
Ukraine
Expert Review
Expert Review of ProBit
As a financial expert, I have evaluated the reliability of the ProBit exchange and have some key observations to share. ProBit has established itself as a reputable cryptocurrency exchange, offering a secure platform for users to trade digital assets. The platform prioritizes security by implementing stringent measures such as two-factor authentication (2FA) and cold storage for user funds. These security protocols provide a strong level of protection against potential threats.
Furthermore, ProBit's commitment to regulatory compliance and transparency is commendable. The exchange adheres to industry standards and complies with relevant regulations, which instills confidence in users regarding the legitimacy of their operations. ProBit also conducts regular security audits to identify and address any potential vulnerabilities, further enhancing its reliability.
In terms of liquidity, ProBit offers a wide range of supported cryptocurrencies, ensuring ample trading options for users. This contributes to a healthy trading environment and enhances the liquidity of the platform. However, it's worth noting that the liquidity of some less popular trading pairs may be lower, which could result in potential challenges in executing trades at desired prices. Traders should consider the liquidity of specific pairs before engaging in trading activities.
In conclusion, ProBit demonstrates a high level of reliability as a cryptocurrency exchange. Its robust security measures, regulatory compliance, diverse range of supported cryptocurrencies, and user-friendly interface contribute to its overall reliability. However, there is room for improvement in terms of customer support. Traders should consider these factors when evaluating the suitability of ProBit for their trading needs.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading on ProBit, like any other cryptocurrency exchange, carries certain risks that users should be aware of. First and foremost, the volatility of the cryptocurrency market itself poses a significant risk. Prices of digital assets can fluctuate dramatically within short periods, leading to potential financial losses.
ProBit Ern
Investment Programs
While there are various ways to potentially earn money on ProBit, it is important to note that trading cryptocurrencies always carries inherent risks. Here are a few programs or strategies that users can consider on ProBit:
Staking involves locking your cryptocurrency on the blockchain for a specific duration to earn interest rewards, typically in the form of the same coin. When you participate in staking, you contribute to the validation of new transactions within the blockchain network. By staking, you actively support the network's security and integrity while being rewarded for your contribution.
Remember to conduct thorough research and consider factors such as staking rewards, lock-up periods, and the credibility of the staking program before participating. ProBit's staking interface should provide additional guidance and instructions specific to their platform.
It is important to note that trading on the ProBit exchange involves certain risks that traders should be mindful of. The dynamic nature of the cryptocurrency market introduces volatility as a key risk factor. Digital asset prices can experience significant fluctuations, resulting in potential financial losses.
Best Copy Trading Platforms
Conditions
Trading Conditions for ProBit Users
ProBit offers a proprietary developed mobile application and web terminal as its trading platform. Users can access their accounts through the Standard account type, and the platform supports account currencies in BTC, ETH, XRP, and other cryptocurrencies. Replenishment and withdrawal options include bank transfers (SEPA and SEPA Instant, UK Faster Payments, PIX), credit cards, and cryptocurrencies. The minimum deposit required is ₿0.0005, and the leverage provided is 1:1.
ProBit does not offer PAMM-accounts, but users have access to a wide range of instruments, with over 800 cryptocurrencies and tokens available for trading. The commission rates on ProBit range from 0.03% to 0.2% depending on the specific transaction. The platform does not have a margin call or stop-out policy.
While ProBit does not act as a liquidity provider, it supports mobile trading through its mobile applications. The exchange also offers an affiliate program for users to earn additional rewards. The platform does not support order execution, but it provides features for trading with bots. ProBit occasionally offers contests and bonuses, such as discounts on the purchase of premium tokens and trading competitions.
Regarding commissions and fees, the standard trading commission on ProBit is 0.2% for both takers and makers. However, users can lower their fees by staking PROB tokens or paying exchange fees with PROB. The amount of discount depends on the number of PROB tokens held, and users can achieve different VIP statuses. The lowest commission threshold on ProBit is 0.03%. The exchange does not charge deposit or withdrawal fees, but network fees apply.
| 📅 Year of Establishment | 2018 |
| 💱 Coins: | 500+ |
| 💰 Min deposit | ₿0.0005 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ❌ |
| 🔓 Demo account | ✅ |
| 🚀 Launchpad | ❌ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | Seoul, South Korea |
Risk Warning
Comparison
Comparison of ProBit with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
ProBit Accounts, Commissions & Fees
ProBit offers various account types to cater to the different needs of its users. The main account type is the Standard account. The specific details of ProBit's account types, commissions, and fees are as follows:
Account Types:
- Standard Account: This is the default account type available to all users on ProBit. It provides access to the platform's standard trading features and services.
Commissions: The trading commission on ProBit varies depending on the specific transaction. The standard trading commission is 0.2% for both takers (market orders) and makers (limit orders). However, users have the opportunity to reduce their fees through the following options:
- Staking PROB Tokens: By staking and holding ProBit's native PROB tokens, users can enjoy reduced trading fees. The discount on trading commissions ranges from 10.5% to as low as 0.03%, depending on the number of PROB tokens held.
- Paying with PROB Tokens: Users can also choose to pay their trading fees directly with PROB tokens, further reducing the commission fees compared to paying with other cryptocurrencies.
Fees: ProBit does not charge any deposit fees for cryptocurrency deposits. However, network fees may apply depending on the specific blockchain network used for the deposit. Withdrawal fees vary depending on the cryptocurrency being withdrawn.
It is important to note that the commission rates and fees mentioned above are subject to change. Traders should refer to the official ProBit website or contact their customer support for the most up-to-date and accurate information regarding the specific account types, commissions, and fees.
ProBit has its own token called PROB. The PROB token is an ERC-20 token created on the Ethereum blockchain. It serves various purposes in the ProBit ecosystem and offers various benefits to token holders.
Membership level-based trading fees and benefits
| Membership Level | Staked PROB Amount | Trading Fee | Trading Fee (when paying with PROB) | Fee Discount Rate (when paying with PROB) | Referral Bonus |
|---|---|---|---|---|---|
| Standard | < 500 | 0.2% | 0.18% | 10% | 10% |
| VIP 1 | ≥ 500 | 0.19% | 0.17% | 10.5% | 10% |
| VIP 2 | ≥ 3,000 | 0.18% | 0.16% | 11.1% | 10% |
| VIP 3 | ≥ 8,000 | 0.16% | 0.14% | 12.5% | 20% |
| VIP 4 | ≥ 20,000 | 0.14% | 0.12% | 14.3% | 20% |
| VIP 5 | ≥ 50,000 | 0.12% | 0.10% | 16.7% | 20% |
| VIP 6 | ≥ 100,000 | 0.1% | 0.08% | 20% | 30% |
| VIP 7 | ≥ 200,000 | 0.09% | 0.07% | 22.2% | 30% |
| VIP 8 | ≥ 300,000 | 0.08% | 0.06% | 25% | 30% |
| VIP 9 | ≥ 500,000 | 0.07% | 0.05% | 28.6% | 30% |
| VIP 10 | ≥ 800,000 | 0.06% | 0.04% | 33.3% | 30% |
| VIP 11 | ≥ 1,000,000 | 0.05% | 0.03% | 40% | 30% |
It is crucial to understand and acknowledge the risks associated with trading on the ProBit exchange. The cryptocurrency market's inherent volatility presents a significant risk, as digital asset prices can experience substantial fluctuations, potentially leading to financial losses.
Risk Warning
Final review
Detailed review of ProBit
ProBit is an established cryptocurrency exchange platform that has gained significant traction in the digital asset trading community since its inception in 2018. It provides users with a secure and efficient environment for buying and selling cryptocurrencies. ProBit's popularity stems from its robust security measures, extensive range of supported coins, user-friendly interface, and various additional features.
ProBit's trading interface is designed with user-friendliness in mind. Its intuitive layout and navigation make it easy for both novice and experienced traders to execute transactions efficiently. Additionally, ProBit provides a variety of order types, including market orders, limit orders, and stop orders, granting users the flexibility to implement their preferred trading strategies. Advanced charting tools and real-time market data are also available to help traders make informed decisions.
One of the standout aspects of ProBit is its unwavering commitment to security. The platform prioritizes user protection by implementing rigorous security protocols, such as two-factor authentication (2FA), cold storage for funds, and regular security audits. These measures ensure that users can trade with peace of mind and have confidence in the safety of their assets.
Another standout feature of ProBit is its support for initial exchange offerings (IEOs). ProBit hosts IEO events, allowing users to directly purchase newly issued tokens from project teams. This feature provides early access to potentially promising projects and enables users to capitalize on their future growth.
ProBit fosters a sense of community and rewards users through its referral program. By inviting friends and family to join the platform, participants can earn referral commissions based on the trading activity of their referred users. This incentivizes user growth and cultivates a vibrant ecosystem within ProBit.
In summary, ProBit is a trusted cryptocurrency exchange platform that excels in providing a secure and feature-rich environment for trading digital assets. Its emphasis on security, extensive range of supported cryptocurrencies, user-friendly interface, support for IEOs, and responsive customer support have established ProBit as a popular choice among cryptocurrency traders.
Advantages:
The main advantages of the ProBit exchange:
ProBit Regulator
ProBit is a cryptocurrency exchange and, as such, is subject to the rules and laws of the jurisdictions in which it operates.
ProBit has stated on its website that it complies with applicable laws and regulations of the jurisdictions in which it operates. However, specific regulatory details and licensing information may vary depending on the country and its regulatory framework.
To ensure compliance and a safe trading environment, ProBit may implement Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to verify the identity of its users and prevent illegal activity.
As regulations related to cryptocurrencies continue to evolve, it is advisable to visit ProBit's official website or contact customer support for the most up-to-date information on the company's regulatory status and any licenses or registrations it holds.
Risk Warning
Promotions
Bonuses Paid by the ProBit
Bonuses
ProBit offers various bonuses and incentives to its users. Some of the bonuses paid by ProBit include:
It's important to note that the specific bonuses and incentives offered by ProBit may vary over time, and the availability of bonuses may be subject to certain conditions or requirements. Users should refer to the official ProBit website or announcements for the most up-to-date information regarding bonuses and promotions offered by the platform.
Education
Review of the ProBit Education Program
The ProBit Academy aims to provide educational resources and courses to enhance users' knowledge and skills in cryptocurrency trading. Here is an overview of their educational program:
Online Courses:
ProBit Academy offers a variety of online courses to enhance users' knowledge and skills in cryptocurrency trading. Here are three examples of their online courses:
These courses are designed to cater to both beginners and intermediate-level traders, providing them with the necessary knowledge and skills to navigate the cryptocurrency markets effectively. It's important to note that the specific courses available on ProBit Academy may vary over time, and it's recommended to visit their website for the most up-to-date information on their course offerings and additional educational resources.
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Rating and Comments
ProBit Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
Transparency is a significant concern with ProBit. There have been instances where my orders mysteriously disappeared or were executed at unfavorable prices, leaving me suspicious about the fairness and integrity of their trading environment.
I had a terrible experience with ProBit. The platform’s performance is incredibly unreliable, with frequent lags and crashes, making it impossible to execute trades efficiently.
The fees on ProBit are exorbitant. They charge excessively for transactions and withdrawals, significantly eating into my profits and making it difficult to justify using their platform.