HomeExchangeProbit Crypto Exchange Review: It Is Good Or Bad?

Probit Crypto Exchange Review: It Is Good Or Bad?

About Probit

ProBit is a relatively small cryptocurrency exchange. It does some things very well — such as basic crypto trading and initial exchange offerings (initial coin offerings that are safer for investors) — and some things not at all. Though U.S. investors can easily access the platform, make sure your state allows full access.

ProBit Cryptocurrency Exchange which was founded in 2017 and is based in Seoul, South Korea. The exchange has a global platform that is crypto-only, as well as a local exchange which provides fiat trading pairs with the South Korean won. Over time, the platform has become known for its many initial exchange offerings (IEOs) and large selection of trading pairs. Exchange Basic Points

Min Withdraw 0.000049850.00004985
Fiat DepositYes
Deposit FeesFree. Small deposit fees apply.
Easy To Use Yes
Security High
Taker Fee0.098%
Maker Fee0.075%
Customer Support Available At Ticket & Live Chat
Official SiteHomepage

How To Start ?

How To Sign Up At Probit Crypto Exchange ?

bitfinex sign up button

It Is Very Easy To Sign Up At Probit Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Probit Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Probit Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Currencies and Payment Methods

ProBit’s global exchange does not support any fiat currencies, making it a crypto-only exchange. It does, however, support one of the largest selections of cryptocurrency assets and trading pairs on the market. This includes: Major cryptocurrencies such as BTC, ETH, BNB, USDT, and more. A DeFi token section. Recently-launched IEO tokens. FTX leverage tokens.

Deposits and Withdrawals

ProBit charges no fees on deposits, with the exception of WiBX (WBX) which requires network fees. Withdrawal fees apply to cover network transaction costs, as is the case with most exchanges.

Trading Fees When it comes to trading fees,

ProBit has a competitive default trading fee of 0.2% for even the smallest traders. Whereas most exchanges reduce fees for higher-volume traders, ProBit instead decreases fees in tiers relating to a user’s staked balance of PROB, the exchange’s native token. The minimum fee a user can achieve is 0.05%, when staking 1,000,000 PROB tokens. It’s also worth mentioning that ProBit has a “trade mining” feature, which compensates users in PROB tokens when making trades. The more PROB tokens that a user has staked, the more PROB they will earn for their trades.

Trading Volume

The daily volume is around 5000-6000 BTC, which at today’s value is about 60 million USD per day. The volume on the exchange is not very big, but it is more than sufficient to ensure secure trading and low spreads on the major cryptocurrencies pairs. The most traded pairs on ProBit are BTCKRW, SOCKRW, ETHBTC, and BTCUSD with a daily volume in the millions.

Affiliate Program

The ProBit partner program is very simple. People register via your referral link and you receive 10%. The standard percentage is 10, but it can be increased by up to 30% by using the native token on the platform.

ProBit Features

  1. Trading Experience: The user experience is designed to prioritize convenience and ease of use. Probit aims to put in place a fully customizable dashboard that can be set up according to user preference showing the most relevant and prevalent information for the trader.
  2. More currency pairs : It is a platform with more than 150 currencies to exchange. As the market matures, the new currencies are being listed. Probit ensures to keep the trading pairs updates as per the market trends
  3. Security: There are three key security features which Probit offers users. It uses offline or cold storage, storing 95% or more of digital assets in cold wallets, which protects its users against theft or loss. There is also a strong encryption program to store data is in place.
Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things