3.5 out of 5 stars
Did you know that the average turnover rate for crypto exchanges (without derivatives) is $931,000,000? Or that there are more than 600 crypto hedge funds worldwide?
The emergence of new digital currencies and the rapid development of the crypto community has inspired many optimistic forecasts about the future of blockchain-based finance. These projections have been buttressed by the introduction of countless new exchanges to the scene.
These platforms include ProBit exchange, an innovative brand incorporated in Seychelles and South Korea. The exchange accepts traders worldwide and offers a wide selection of cryptos and altcoins.
What else do you need to know about Probit? Keep reading for our full review of this up and coming curated crypto exchange.
What Is ProBit Exchange?
A global coin-to-coin cryptocurrency exchange, Probit proves incredibly discerning when it comes to the "qualified and deserving" crypto projects that it lists on its platform. The site has an order matching speed of a whopping 1.5 million orders per second.
What are some of the exchange's other benefits? They include a customizable user interface.
Customers also appreciate the exchange's emphasis on security. The platform comes with the option of a hardware security key in addition to two-factor authentication (2FA).
ProBit provides consumers with access to a wide array of DeFi tokens, altcoins, staking events, low-fee trading, and other popular crypto services. These are accessible via a straightforward and quick email registration process.
If you're a user living in Korea, you also have access to fiat trading. The current system only supports South Korean Won (KRW) trading.
What's more, fiat traders must provide additional identity verification. You won't deal with this verification hassle if you're a crypto-to-crypto trader worldwide, however.
The platform boasts an excellent design. It comes with comprehensive security measures, and its professional team makes it one of the best altcoin exchanges in the industry.
A Brief History of ProBit Exchange
ProBit dates to 2017, although the concept didn't officially launch until November 2018. It started in Seoul, South Korea, and is led by CEO Huynsu Do and CTO Steve Woo. Today, ProBit retains its vision of becoming the most professional, secure, and global digital asset exchange for crypto traders.
To better understand the company, you must know that its operations remain split between two functions:
- ProBit Global
- ProBit Korea
ProBit Global deals primarily with global crypto investors and is headquartered in Seychelles. ProBit Global Services runs this operation.
ProBit Korea handles the South Korean crypto exchange and is run by Oceans, Inc. Since its launch, ProBit has grown dramatically, achieving multiple milestones.
ProBit's Global Ambitions
For example, ProBit Global Services remains open to investors worldwide. But traders should be aware that restrictions based on local jurisdictions apply. For example, if you're in a country that attempts to prohibit the use of cryptos, you won't have the same access to ProBit as those in other nations.
Barring jurisdictional inconsistencies, ProBit remains committed to expanding into one of the most global exchanges out there today. To facilitate this vision, they've translated the platform into 40 languages. These languages include:
- Chinese (simplified and traditional)
Clearly, ProBit takes its goal of global domination seriously. No matter where you live, you'll likely have access to ProBit in a second language, if not your mother tongue.
Key Features of ProBit
What are some of the key features of Probit's approach to crypto trading on a global scale? This robust platform comes with many features consumers need to know about.
You'll also enjoy low trading fees with discounts offered when you transact in the exchange's native token, PROB. ProBit charges consumers a 0.2 percent per trade fee, but loyal traders will enjoy many different discounts available to dedicated traders.
Besides various discounts, the exchange provides users with an intuitive trading dashboard. This dashboard is highly user-friendly and makes for a pleasant trading experience.
ProBit boasts regular exchange offerings where consumers can purchase a variety of different coins with a discount. The exchange also lets consumers earn cryptos by staking them at the exchange, which represents a welcome incentive.
As you can see, there are many compelling reasons to give ProBit a whirl. This handy trading platform lends itself well to both newbs and crypto enthusiasts alike. You'll enjoy a wide selection of different coins, low trading fees, pseudonymous trading, staking, and innovative features.
Yet, you can rest assured your funds remain safe. For all of these reasons, ProBit continues to gain a following in the industry.
How to Create a ProBit Account
How easy is it to create a ProBit account? Start by navigating to the website and clicking on "Sign Up." Next, you'll fill out a brief form, check the Terms of Service box, and click "Register."
From here, you'll need to go through reCAPTCHA verification to prove you're not a robot and then verify your email. To verify your email address, copy and paste the verification code you receive and then click "Verify."
Next, head to the "Go to Login Page," where you'll need to enter your email address and password to log in. Go through the reCAPTCHA rigamarole again, and then you start using your account.
To gain access to the widest array of options, verify your identity. How do you do this? Go to your ProBit account page and complete the Know Your Customer (KYC) verification process.
KYC verification is entirely optional. Depending on where you're located, your nation may not support this form of identification.
Verification will unlock more exchange features, including the increased daily withdrawal limit. You can participate in Initial Exchange Offerings (IEOs) and trading competitions. And you can start depositing funds at ProBit.
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ProBit Exchange: The Takeaway
What's the takeaway when it comes to the ProBit exchange? This exchange provides everything a modern trader needs. It includes a wide selection of altcoins, tokens, and popular cryptos.
With ProBit, you'll also enjoy an excellent trading platform that's secure, offers low trading fees, hosts regular trading events, and much more. That said, some customers miss traditional features like margin trading with leverage.
But ProBit claims these additional features are on the horizon. In the meantime, you must consider all of your options when it comes to crypto exchanges before making a decision. Check out our written reviews spanning the DeFi and CeFi industries to learn about other popular exchanges.