Review of the ProBit global exchange
ProBit Global is a centralized exchange that occupies #36 on Guru InvestingExchange Tracker. ProBit Global has trading volume US$155,102,115 in the last 24 hours and US$53,145,358,377 in the last 7 days.
ProBit Global currently has 521 cryptocurrencies, 0 paper currencies and 668 markets (cryptocurrency trading pairs). The most popular trading pair on ProBit Global is BTC/USDT.
Compare ProBit Global next to other exchanges here: Exchange comparison tool.
Probit Global is a centralized cryptocurrency exchange (CEX). This is the international version of the South Korean platform. Cryptocurrency exchange Probit Global offers a wide range of financial services, including spot trading, cryptocurrency purchase and staking.
Probit Global matches Know your customer (KYC) regulations. Users from more than 30 countries, including North Macedonia, Singapore and the United States, are excluded from services that require KYC compliance.
Markets
Probit Global spot market is the main service offered by the platform. Trading of derivatives such as futures and options is not available. The platform does not support margin trading. However, leveraged tokens can be listed.
The platform supports cryptocurrency trading. Although the platform does not list fiat currencies, stablecoins such as Tether (USDT) available. The catalog contains over 700 Probit Global trading pairs and over 500 digital assets.
Among the listed assets, clients can trade DeFi coins on the Probit Global spot market. This allows you to create your DeFi portfolio in one central location. DeFi coins on Probit do not incur Ethereum gas fees.
Probit Global is placing its own asset, Probit Token (PROB). It can be used for betting. Asset owners are entitled to preferential commission rates. PROB can be purchased on the platform using USDT as a payment method. You can learn more about Probit Global cryptocurrency price and market performance by clicking Here.
Although fiat currencies are not on the market, they can be used for credit card purchases of cryptocurrency. Probit Global crypto exchange supports more than 40 currencies. At the time of writing, there are five crypto assets available for purchase, including Bitcoin (BTC), Ethereum (ETH)And US Dollar Coin (USDC).
Clients can manually configure their preferred strategies or use one of the available automation tools. Network trade allows Probit Global cryptocurrency exchange traders to place multiple buy/sell orders using one trading pair. This service uses trading bots for automatic order fulfillment.
Probit Global’s crypto fees are based on a multi-tier platform. In addition to the standard level, there is 11 VIP levels. The default trading fee is 0.2%, with no difference between maker and taker fees. However, for users who pay fees using PROB, the rate drops to 0.18%.
VIP levels are determined by the user’s PROB holdings, regardless of Probit Global trading volume. Level 1 requires a minimum of 500 PROB tokens. Trading fees drop to 0.19% or 0.17 if you pay with PROB.
Commissions are reduced proportionally at each level. Users with at least 11 million PROB are considered VIP 11 and pay 0.05%. If the Probit Global cryptocurrency fee price is paid in PROB, the rate is reduced to 0.03%.
There are no deposit fees on the platform. Withdrawal fees vary by asset and are dynamic. Users must pay a network fee for each withdrawal. While fees are typically paid in the withdrawn asset, if Probit Global volume and token liquidity are low, the payment must be made using mainnet coins.
Users participating in Referral program can earn up to 30% of Probit Global exchange commissions if the users they invite are actively trading. Referral rewards are paid daily.
other services
In addition to the Probit Global cryptocurrency exchange, additional financial services are available on the platform, such as staking and the Learn & Earn program. In addition, Probit Global offers your own digital wallet where users can store their crypto assets.
Learn and earn is a cryptocurrency educational platform. Users can take courses on cryptocurrency-related topics, take quizzes, and receive tokens as rewards.
Probit Exclusive is a subscription service that provides exclusive pricing for Probit Global cryptocurrency. Users subscribe by staking PROB tokens. With the Exclusive plan, some assets can be purchased at a 50% discount.
Broken IEO is a platform for raising funds for new and upcoming blockchain startups. Developers can post their projects. Investors themselves choose which projects to finance. Based on the results of the events, developers receive project funding, and investors can receive tokens in return. New assets can be listed on the Probit Global cryptocurrency exchange.
Developers can access Open source API documentation. This tool allows users to access data such as real-time market dynamics, order history, and balance.
About company
Cryptocurrency exchange Probit Global was founded Hyunsoo Do and Steve Woo in November 2018. The company was founded in South Korea, but its current headquarters is registered in the Seychelles. Ronald Chan heads the global department.
On its third anniversary in November 2021, it was announced that the company had surpassed 2 million registered users.
Hyunsoo Do and Steve Woo represent the Korean branch of the company. Ronald Chan is the CEO of the crypto exchange Probit Global. Chan studied business administration in international trade at Singapore Management University. He was also part of the founding team of Huobi Singapore.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
