ProBit Review 2025: A Comprehensive Look at This Global Crypto Exchange

The cryptocurrency market is growing faster than ever, and with that comes the need for reliable, user-friendly, and secure platforms where traders and investors can buy, sell, and exchange digital assets. Enter ProBit – a rapidly expanding crypto exchange that’s making waves globally. But what sets ProBit apart in a crowded field of exchanges and is it truly the right platform for you? In this ProBit Review, we’ll dive deep into everything you need to know about this exchange, from its standout features, security measures, and supported coins, to the exclusive trading opportunities that could enhance your crypto experience in 2024.

Whether you’re a seasoned trader looking for advanced tools or a newcomer eager to explore the world of cryptocurrencies, ProBit claims to offer a seamless experience for all. But can it deliver on those promises? So, if you’re ready to discover whether ProBit is the right choice for your crypto journey, read on. By the end of this review by CoinReviews, you’ll have all the information you need to make an informed decision about this growing exchange. Let’s begin our in-depth exploration of ProBit, a platform that could redefine the way you trade in the digital economy.

What is ProBit?

ProBit is a global cryptocurrency exchange that provides you with the tools to trade a wide variety of digital assets, including Bitcoin, Ethereum, and numerous altcoins. It offers a straightforward and secure platform where you can buy, sell, and exchange cryptocurrencies with ease.

What sets ProBit apart is its accessibility to traders around the world. Whether you’re a beginner or an experienced trader, ProBit provides support in multiple languages and delivers features tailored to your needs. One of the key benefits of the platform is its native token, PROB, which allows you to enjoy reduced trading fees and access exclusive offers.

In addition to trading, ProBit also offers staking events, enabling you to stake specific cryptocurrencies and earn rewards over time. This gives you the opportunity not only to trade but also to generate passive income. ProBit places a strong emphasis on security, offering you robust measures such as two-factor authentication (2FA) to protect your account and funds, ensuring a safe trading experience.

ProBit is known for its wide selection of digital assets, low fees, and user-friendly interface, making it a great choice if you’re looking for a reliable and secure cryptocurrency exchange.

[button url=”https://www.probit.com/r/1626143″ target=”blank” style=”3d” background=”#49ef2d” color=”#FFFFFF” size=”10″ wide=”no” center=”yes” radius=”auto” icon=”icon: mail-forward” icon_color=”#FFFFFF” text_shadow=”none”]Visit ProBit[/button]

ProBit Review: Background and History of the Exchange

ProBit is a cryptocurrency exchange that was founded in 2017 and officially launched in November 2018. Based in Seoul, South Korea, it is led by CEO Huyunsu Do and CTO Steve Woo. ProBit aims to be a global, professional, and secure digital asset exchange that serves all types of traders.

ProBit operates under two main branches:

• ProBit Global: This branch targets cryptocurrency investors from around the world.
• ProBit Korea: This branch focuses solely on the South Korean market.

This structure allows ProBit to provide tailored services to meet the specific needs of different user groups.

ProBit Global is managed by ProBit Global Services Limited, which is registered in Seychelles with registration number 207189. The company’s address is Suite 9, Ansuya Estate, Revolution Avenue, Victoria Mahe. Being based in Seychelles helps ProBit attract a wide range of international traders.

On the other hand, ProBit Korea is operated by Oceans Inc., located in Gangnam-gu, Seoul, with registration number 262-88-00547. This branch complies with local regulations to serve the cryptocurrency enthusiasts in South Korea effectively.

Since its launch, ProBit has experienced significant growth and achieved many important milestones. The exchange is open to investors from all around the globe, and identity verification for global traders is optional. However, you should always be aware of local regulations regarding cryptocurrency trading, as some countries may have restrictions or outright bans.

ProBit’s platform is available in 40 languages, including English, Korean, Spanish, Russian, Vietnamese, and many more. This wide language support makes it accessible to a diverse audience worldwide.

If you’re unsure how to register or get started with ProBit, the exchange offers helpful resources, including the “Ultimate ProBit Beginner’s Guide,” which walks you through the process step by step. ProBit has quickly established itself as a reliable player in the cryptocurrency exchange landscape, committed to providing a safe and professional trading environment for everyone.

Probit Review: Key Features of the Exchange

ProBit Exchange stands out in the cryptocurrency landscape due to its array of user-centric features that cater to both novice traders and experienced investors. Below are the key features that make ProBit a noteworthy platform:

Comprehensive Trading Features

• Diverse Trading Pairs: ProBit offers a wide selection of over 340 cryptocurrencies available for trading across nearly 600 markets, allowing users to engage in a variety of trading strategies.
• Competitive Trading Fees: With a base fee of just 0.2% per trade, ProBit provides attractive rates, further enhanced by discounts for users holding the platform’s native PROB token.
• Flexible Order Types: The exchange supports various types of orders, including limit and market orders, giving traders the flexibility to execute strategies according to market conditions.

Enhanced Liquidity and Speed

• High Transaction Speed: ProBit can process up to 150,000 orders per second, ensuring quick transaction execution.
• Strong Liquidity: The exchange maintains substantial liquidity, which is crucial for executing trades efficiently without significant slippage.

Robust Security Measures

• Two-Factor Authentication (2FA): ProBit prioritizes user security by offering 2FA, adding an extra layer of protection for accounts.
• Cold Wallet Storage: User assets are safeguarded through cold wallet storage, minimizing the risk of hacks and theft.

User-Friendly Interface

• Intuitive Design: The platform features an easy-to-navigate interface that is accessible to both beginners and experienced traders, making the trading experience enjoyable.
• Multi-Language Support: ProBit caters to a global audience with support for multiple languages, including Vietnamese and English, ensuring users can trade comfortably in their preferred language.

Innovative Trading Tools

• Automated Trading: ProBit supports automated trading through integrations with platforms like Bituniverse and Hummingbot, allowing users to set up trading bots that can execute trades based on predefined strategies.
• Grid Trading Feature: This feature enables traders to capitalize on small market fluctuations, allowing for systematic buying and selling with minimal manual intervention.

PROB Token and Its Benefits

• Introduction to PROB Token: ProBit’s internal cryptocurrency, the PROB token, is designed to provide users with benefits such as reduced transaction fees (up to 25%) when utilized for trading on the platform.
• Staking Opportunities: Users can earn rewards by staking their PROB tokens, providing an additional income stream while holding assets on the exchange.

Initial Exchange Offerings (IEOs)

• Access to New Tokens: ProBit frequently conducts IEOs, allowing users to participate in early-stage token sales and gain access to potentially lucrative investment opportunities.

ProBit Exchange offers a robust and versatile trading platform with a multitude of features tailored to meet the diverse needs of cryptocurrency traders. With its competitive fees, extensive trading options, strong security protocols, and user-friendly experience, ProBit is well-positioned to serve both new and seasoned crypto enthusiasts effectively.

Types of Products Offered by ProBit

ProBit offers a diverse range of products and services designed to cater to various trading preferences. Here’s a closer look at what you can expect from the platform:

Spot Trading

ProBit facilitates spot trading, which allows you to buy and sell a wide range of cryptocurrencies at current market prices. This form of trading is straightforward and is the most common method for conducting transactions on the exchange.

Leveraged Tokens

While traditional futures trading is not available, ProBit offers leveraged tokens. These tokens, such as ETHBULL and ETHBEAR, provide exposure to price movements of cryptocurrencies without the liquidation risk associated with margin trading. This feature allows you to capitalize on price fluctuations while managing risk more effectively.

Margin Trading

ProBit supports margin trading, enabling you to borrow funds to increase your trading positions beyond your account balance: 

• Potential: This can amplify your gains but also increases the risks involved.
• Recommendation: Best suited for experienced traders who understand the implications of leverage.

Staking

The platform allows you to stake various cryptocurrencies, offering the opportunity to earn rewards simply by holding specific tokens in your account. Staking not only helps secure the networks of the cryptocurrencies you own but also generates passive income for you.

Initial Exchange Offerings (IEOs)

ProBit conducts Initial Exchange Offerings (IEOs), allowing you to participate in token sales for new projects. This gives you access to tokens at an early stage, often at lower prices before they become 

• How it Works: To participate, you must complete a verification form detailing your project information and whether your token is classified as a utility or security.
• Access to Early Tokens: IEOs allow you to buy tokens at an early stage, often at discounted rates before they are listed on the wider market.

ProBit Launchpad

This feature supports new blockchain projects in raising funds by launching their tokens on the ProBit platform. Participating in these launches can provide you with access to innovative investment opportunities.

ProBit Wallet

ProBit offers a built-in digital wallet for securely managing your cryptocurrencies. The wallet enables you to deposit and withdraw various tokens conveniently, ensuring you maintain control over your assets.

API Trading

For advanced users, ProBit provides an API (Application Programming Interface) that allows for algorithmic trading. This feature enables you to automate trading strategies and efficiently access market data, catering to those who prefer a more technical trading approach.

• Functionality: Communicates via HTTP/WebSocket and uses JSON strings to handle market data, open orders, trade history, and account balances.
• Security: You can register withdrawal addresses through the API, providing you with greater control over API key functions.

Educational Resources

ProBit is dedicated to improving your trading skills by offering educational resources, including webinars, articles, and tutorials. These materials help you stay informed and enhance your trading knowledge.

Promotions and Bonuses

ProBit regularly runs promotions and bonus programs, including trading competitions and referral bonuses. These initiatives can provide additional incentives and rewards for engaging with the platform.

ProBit’s diverse range of products, from spot trading and leveraged tokens to staking and IEOs, ensures that you have ample opportunities to engage with the cryptocurrency market, whether you’re a beginner looking to invest or an experienced trader seeking advanced trading options. 

What is ProBit’s PROB Token?

ProBit Exchange features its own native cryptocurrency, the ProBit Token (PROB), which is built on the Ethereum blockchain as an ERC-20 token. PROB plays a crucial role in the ProBit ecosystem, offering various benefits to its holders and facilitating interactions within the exchange. Here’s a closer look at what PROB is used for and its significance within the ProBit platform.

Key Uses of PROB Token

Trading Fee Discounts:
PROB holders enjoy significant discounts on trading fees, with reductions varying based on the amount of PROB held and the user’s membership level. Premium users can benefit from discounts ranging from 10% to as high as 50% when using PROB to pay for fees.

Voting Rights:
Holders of PROB tokens can participate in governance decisions, specifically voting on proposals for listing new tokens on the exchange. The voting power is proportional to the amount of PROB held, giving users a say in the platform’s development.

Referral Bonuses:
The PROB token enhances referral programs, allowing users to earn increased bonuses when their referrals make trades on the platform. Depending on their membership level, users can receive bonuses of up to 20-50%.

Early Access to Features:
PROB holders often get early access to new features and functionalities rolled out by the exchange, providing a first-hand experience of the latest developments.

Participation in Initial Exchange Offerings (IEOs):
Users can utilize PROB tokens to participate in IEOs hosted on the ProBit platform, providing opportunities to invest in new projects at an early stage.

PROB Token Distribution and ICO Details

The total supply of PROB is capped at 200 million tokens, with the allocation as follows:

• 100 million (50%) for Trade Mining and Stake Mining: This allows users to mine PROB tokens through trading activities and staking. For eligible transactions, users can earn PROB as a reward based on 80% of the trading fee charged, while stake mining enables users to earn annual yields by staking their PROB tokens.
• ICO Insights: ProBit conducted its pre-ICO from November 5 to November 28, 2018, followed by the ICO from December 11 to December 12, 2018. The initial price for PROB was set at USD 0.20, with a goal to raise USD 4.5 million by distributing 20 million tokens. However, the ICO did not meet its hard cap, raising only USD 110,000.

PROB Repurchase Program

ProBit is committed to maintaining the value of its token through a repurchase program, where 20% of the exchange’s profits are allocated to buy back PROB tokens from the market. This program aims to repurchase a total of 100 million tokens (50% of the total supply) and store them in a cold wallet. The repurchased tokens serve as a reserve fund, ensuring the exchange can cover unexpected expenses and maintain its operational stability.

ProBit’s PROB token is integral to enhancing user engagement and providing various benefits within the ProBit ecosystem. By offering trading fee discounts, voting rights, and opportunities to earn through mining and staking, PROB stands as a valuable asset for those active on the platform.

Security & Safety: Is ProBit Trustworthy?

When it comes to centralized crypto trading platforms, security is a top priority, and ProBit takes this aspect very seriously. With a relatively short operational history and no reported security breaches, ProBit has quickly established a reputation for its robust security measures. Let’s delve into the key elements that contribute to ProBit’s safety and overall trustworthiness.

ProBit’s Security Measures

Cold Storage: ProBit prioritizes user fund safety by storing over 95% of its assets in cold wallets. This offline storage method is widely recognized as a best practice for safeguarding digital assets against theft and unauthorized access.

Data Encryption: To protect sensitive user information, ProBit employs advanced encryption algorithms. All private data and keys are encrypted multiple times, ensuring that your information remains confidential and secure.

Two-Factor Authentication (2FA): Users are encouraged to enhance account security through various software authentication methods, including Google Authenticator, Microsoft Authenticator, and more. Implementing 2FA adds an essential layer of protection against unauthorized access.

Universal 2nd Factor (U2F): For those seeking even greater security, ProBit supports U2F authentication. Users can secure their accounts with hardware keys, making it nearly impossible for unauthorized users to gain access without physical possession of the key.

Session Management: ProBit actively monitors for any suspicious activity, with measures in place to timeout sessions when necessary, further protecting user accounts.

Website Security: The exchange employs HTTPS (SSL) across its platform, safeguarding against common cyber threats such as SQL injection, cross-site scripting, and DDoS attacks.

Physical Security: ProBit ensures the safety of its facilities, which includes regular monitoring of server security and management protocols.

These measures collectively establish ProBit as a highly secure exchange, boasting an impressive record free of hacks or data breaches. Users have the ability to fortify their accounts with comprehensive security options, making it difficult for potential scammers to compromise their funds.

Trustworthiness of ProBit

Despite its custodial nature—meaning users must entrust ProBit with the security of their funds—ProBit’s robust security protocols foster a sense of trust within the cryptocurrency community. Users are advised to practice prudent security habits, such as not storing all assets on the exchange and utilizing private wallets for long-term storage.

ProBit’s commitment to security and its proactive measures solidify its reputation as a trustworthy platform for cryptocurrency trading. By following recommended security practices and taking advantage of the tools provided, you can significantly enhance the safety of your trading experience on ProBit.

ProBit Fees: A Detailed Overview

When evaluating a cryptocurrency exchange, understanding the fee structure is crucial, and ProBit is known for its competitive fee offerings. Here’s an in-depth look at the fees associated with ProBit, including trading and withdrawal fees.

Trading Fees

ProBit is recognized as a low-fee exchange, primarily generating revenue through trading fees. These fees can fluctuate based on market conditions, alongside other sources such as listing fees and Initial Exchange Offerings (IEOs). The trading fee on ProBit typically ranges from 0.03% to 0.2%.

One of the key features of ProBit’s fee structure is its membership system, which consists of 12 tiers, from Standard to VIP 11. Your membership level is determined by the amount of PROB tokens you stake. Here’s a brief overview of the trading fees associated with each tier:

Moreover, users can pay trading fees using PROB tokens, receiving an additional 0.02% discount per transaction. If you engage in trade mining with certain pairs like BTC, ETH, or XRP, the trading fees may convert into PROB tokens as rewards.

Withdrawal Methods and Fees

Withdrawing cryptocurrencies from ProBit is as simple as depositing them. You can withdraw any supported crypto from your wallet, but keep in mind that ProBit charges network fees for each withdrawal. These fees vary depending on the blockchain used by the cryptocurrency you’re transferring.

For example, withdrawing Bitcoin (BTC) incurs a different fee than withdrawing Ethereum (ETH) or Ripple (XRP). Always double-check the fee structure before proceeding with withdrawals.

Here are some examples of withdrawal fees for popular cryptocurrencies:

ProBit’s fees align with industry averages, offering various discounts and rewards to help loyal users minimize their costs. While not the lowest in the market, ProBit provides a balance of competitive trading fees and robust loyalty programs, making it an appealing choice for many traders. Additionally, the withdrawal processing time can vary. If the network is busy, you might experience delays, but during off-peak times, withdrawals are processed much faster.

ProBit Review: Deposit and Withdrawal Methods

Navigating deposits and withdrawals on ProBit is relatively straightforward but differs depending on whether you’re using ProBit Global or ProBit Korea. Here’s a closer look at the available options and important details you need to know.

Crypto-Only Deposits at ProBit Global

If you’re using ProBit Global, you’re limited to cryptocurrency deposits only. Unfortunately, this means there are no options to deposit or withdraw fiat currencies like USD, EUR, or others. However, ProBit Global supports a wide range of cryptocurrencies, including popular ones like Bitcoin (BTC), Ethereum (ETH), and many altcoins.

The great news for crypto enthusiasts is that ProBit Global doesn’t charge deposit fees, making it a cost-effective way to move your digital assets into the platform. All you need to pay is the network fee when you withdraw funds.

ProBit Korea: KRW Deposits and Withdrawals

For users in South Korea, ProBit Korea offers additional features. Local users can deposit and withdraw South Korean Won (KRW), but this requires you to complete the KYC verification process. Once verified, ProBit Korea provides a bridge between traditional banking and crypto trading, allowing for fiat transactions through South Korean banks.

This flexibility makes ProBit Korea an attractive option for local users who want to trade between crypto and fiat currencies without relying on third-party exchanges or intermediaries.

Payment Methods and Limits on ProBit Global

As ProBit Global is crypto-only, there’s no direct way to use credit/debit cards or bank transfers to deposit fiat currencies. The minimum deposit for cryptocurrencies is very low, allowing you to start with as little as $10 if you want to test the platform before making larger trades.

Withdrawal limits depend on whether or not you’ve completed KYC verification:

• Non-KYC users: Daily withdrawal limit of $5,000.
• Verified users (KYC): Daily withdrawal limit of up to $500,000.

For small traders, the platform allows anonymous crypto trading up to $5,000 daily without KYC, giving more flexibility for those concerned about privacy.

Future Possibilities for Fiat Support

At the moment, ProBit Global doesn’t support fiat deposits, but with the platform’s expanding user base and growing global presence, there’s potential for credit card support or fiat on-ramps in the future. This would make ProBit even more accessible to users worldwide who wish to directly purchase cryptocurrencies using traditional financial methods.

How to Withdraw Funds on ProBit?

Withdrawing your funds from ProBit is a simple process. After selecting the cryptocurrency you wish to withdraw, you need to:

• Enter the destination wallet address where you want the funds sent.
• Confirm the withdrawal by following the prompts.

Even though KYC verification is optional for most users, you will need to complete it if you wish to withdraw tokens from ProBit’s Initial Exchange Offerings (IEOs). This extra layer of security ensures smooth transactions and compliance with local regulations.

How to Register an Account to ProBit?

Creating an account on ProBit is quick and user-friendly. Here’s a step-by-step guide to help you get started:

• Visit the ProBit Website:

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• Select “Register”: At the top right corner of the homepage, click the “Register” button.
• Enter Your Email Address: Input your email in the registration field.
• Create a Password: Choose a strong, secure password for your account, and re-enter it to confirm.
• Agree to Terms: Review and agree to the Terms & Conditions and personal data collection policies. Additional options like newsletters or promotions are optional.
• Complete the Registration: Once all fields are complete, click “Register” at the bottom of the form.
• Verify Your Email: You’ll receive a confirmation email. Click on the verification link in the email to activate your account.

After completing these steps, your account will be set up and ready for basic usage on ProBit.

ProBit Review: Identity Verification (KYC) Requirements

ProBit offers a flexible approach to identity verification, with optional KYC (Know Your Customer) procedures for most users. While not mandatory, completing the verification process unlocks several important benefits, such as higher daily withdrawal limits and easier recovery options in case you lose access to your password or two-factor authentication (2FA). Users who complete the KYC process can also enjoy smoother account management and enhanced security measures.

ProBit Global vs. ProBit Korea Verification

There are notable differences in the verification requirements between ProBit Global and ProBit Korea:

• ProBit Global allows users to complete KYC verification up to KYC Level 2. This level is sufficient for most global users who want to withdraw higher amounts of cryptocurrency or participate in certain trading activities.
• ProBit Korea offers more comprehensive verification, allowing users to verify their accounts up to KYC Level 4. This higher level is necessary for engaging in Initial Exchange Offerings (IEOs) and making deposits or withdrawals in South Korean Won (KRW). Users on ProBit Korea who want to perform any fiat transactions must go through this level of verification.

Benefits of Account Verification

Although ProBit users are not required to verify their identity to start trading, verified accounts receive the following perks:

• Higher withdrawal limits: Verified users can withdraw more funds within a 24-hour period.
• Enhanced security and account recovery: If you lose access to your account or 2FA device, verification makes it easier to recover your account.
• Access to IEOs (ProBit Korea): Investors in ProBit Korea who complete KYC Level 4 can participate in exclusive token sales via ProBit’s Initial Exchange Offering platform.

Countries Restricted from KYC Verification

Certain countries are restricted from completing KYC verification on ProBit due to regulatory reasons. These include:

• Algeria
• Bangladesh
• Bolivia
• Cuba
• Ecuador
• The Islamic Republic of Iran
• Iraq
• North Korea
• Pakistan
• Seychelles
• Sri Lanka
• Venezuela
• Cambodia
• The Republic of Macedonia
• Morocco
• Nepal

How to Complete KYC Verification on ProBit?

To begin the KYC process, users need to navigate to the Account section of their ProBit dashboard and select Verification. The platform will then guide them through the steps required for their verification level.

For KYC Level 2, the following information is typically required:

• Nationality: Your country of residence.
• Personal Information: Including your full name, gender, and date of birth.
• Residential Address: Full address details including city, state/province, and postal code.
• Identification: A clear photograph of a government-issued ID or passport.
• Selfie: A photo of yourself holding your ID or passport for identity verification.

Once all documents are submitted, ProBit’s verification team will review the information. While the process is usually quick, it may take several days during periods of high demand.

ProBit Global KYC Levels

• KYC Level 1: This is the standard account creation with basic functionality and low withdrawal limits.
• KYC Level 2: Users gain higher withdrawal limits and access to more advanced account features.

ProBit Korea KYC Levels

• KYC Level 1-2: Similar to ProBit Global, this level grants standard benefits for crypto-only trading and withdrawals.
• KYC Level 3-4: Available only for ProBit Korea users, this level allows users to deposit and withdraw fiat currencies like KRW and participate in IEOs.

By completing the verification process, ProBit users can unlock these additional benefits, making their trading experience more secure and efficient. This structure encourages users to verify their identity, even though it is not strictly required, by offering them practical advantages such as higher withdrawal limits and account security.

How to Trade on ProBit?

Steps to Buy, Sell, and Exchange Assets

Trading on ProBit is designed to be intuitive for both beginners and experienced traders. Follow these steps to start trading:

Deposit Funds:

• If you’re using ProBit Global, you can deposit cryptocurrencies like BTC, ETH, or USDT into your ProBit wallet.
• ProBit Korea users can deposit KRW after completing KYC verification.

Choose Your Market: Navigate to the trading section and select the market for the asset you want to trade (e.g., BTC/USDT).

Place a Buy or Sell Order: Select your desired trading pair and decide whether you want to buy or sell:

• Buy: Choose the amount of crypto you wish to purchase, and the system will show the equivalent amount in the currency you’re paying with.
• Sell: Enter the amount of crypto you wish to sell, and the equivalent amount you’ll receive will be displayed.

Confirm Your Order: After reviewing the order details, confirm your trade. ProBit will match your order with a seller or buyer, depending on market conditions.

Using Transaction Orders

ProBit offers various types of orders to cater to different trading strategies:

• Market Order: This is the simplest form of order. When you place a market order, the trade will be executed at the current market price. It’s ideal for users who want their trade executed immediately.
• Limit Order: With a limit order, you can specify the price at which you want to buy or sell an asset. The trade will only be executed once the market reaches the price you set. This is great for traders who want more control over the price they pay or receive.
• Stop-Limit Order: This type of order allows you to set a stop price, which, once reached, will convert the order into a limit order. It’s often used to minimize losses in volatile markets.
• Take-Profit Order: A take-profit order allows you to set a target price at which you’d like to close a trade for a profit. Once the price is hit, the trade will execute, locking in your gains.

Monitoring Your Trades

Once you’ve placed your trade, you can view the status in the Order History section of your account. Here, you can track ongoing trades and view completed orders for your records.

By following these steps and understanding the different types of orders available on ProBit, you’ll be able to effectively manage and execute trades. Whether you’re buying, selling, or exchanging crypto assets, ProBit provides the tools to do so with ease.

ProBit Review: Design and Usability

Platform Design

ProBit stands out as an excellent platform tailored for everyday traders interested in exchanging Bitcoin and a wide array of altcoins. Its user interface is sleek and thoughtfully designed, distinguishing it from many other exchanges that often mimic each other. This platform features various preset trading views, appealing to a diverse range of crypto traders and enhancing the overall trading experience.

Performance

Beyond aesthetics, ProBit boasts impressive performance capabilities, processing over 1.5 million transactions per second. This robust performance ensures that users enjoy a smooth and efficient trading experience, which is crucial in the fast-paced world of cryptocurrency trading.

Key Features

ProBit’s trading platform encompasses all the essential functionalities expected from a modern cryptocurrency exchange, including:

• Main Menu/Navigational Tools: Easy access to different sections of the platform.
• Markets Navigation Panel: Quickly locate various trading pairs.
• User Balances: Instant overview of your available assets.
• Market Information/Charts: Real-time data to inform trading decisions.
• Order Book: Detailed insight into active buy and sell orders.
• Order Placing Window: Supports multiple order types, including:
  • Limit Orders
  • Good Till Canceled (GTC)
  • Immediate or Cancel (IOC)
  • Fill or Kill (FOK)
  • Post-Only Orders
  • Buy/Sell Orders
• Trade Feed/Market History: Track recent trades and market movements.
• User’s Open Orders, Order History, and Trade History: Comprehensive record-keeping for all trading activities.

While ProBit offers a solid array of features, some experienced traders may find the platform lacking in advanced order types, such as stop-loss options or margin trading. However, ProBit has indicated that these features are in development, promising future enhancements.

Currency Support

Currently, ProBit supports three primary base currencies: Tether (USDT), Bitcoin (BTC), and Ethereum (ETH). Fully verified South Korean users can also access KRW (Korean Won) markets. With support for over 340 cryptocurrencies, ProBit is known for being one of the first exchanges to list a variety of new and trending tokens.

Additional Services

ProBit also simplifies navigation between various sections of its exchange, including:

• IEO Platform: Participate in vetted initial exchange offerings, with new opportunities available almost weekly.
• ProBit Exclusive Offers: Buy popular tokens at discounts of up to 50% in limited-time sales.
• Trading Competitions: Engage in competitions for a chance to win prizes, often requiring a stake in PROB tokens for entry.
• Staking Options: In addition to staking PROB, users can stake various other tokens to earn attractive yields.
• Events Section: Stay informed about ongoing events and promotions within the platform.

Customer Support

ProBit offers an extensive customer support center and a comprehensive FAQ section to address common inquiries.

ProBit excels in providing a user-friendly, performance-driven trading environment, equipped with a variety of essential features and services. Its design prioritizes usability, making it accessible for both novice and seasoned traders, while ongoing developments promise to enhance its functionality even further.

Mobile App Overview

ProBit has a mobile application available for both Android and iOS users, providing a convenient way to trade cryptocurrencies while on the move. Here are the key features:

• User-Friendly Interface: The app is designed to be intuitive, making it easy for both beginners and experienced traders to navigate.
• Trading on the Go: Users can perform trades, manage their accounts, and access real-time market data directly from their mobile devices.
• Asset Management: The app allows for seamless deposits and withdrawals, enabling users to manage their assets efficiently.
• Accessibility: With the app available on iOS, Apple users can take advantage of ProBit’s features just as easily as Android users.

Overall, the ProBit mobile app enhances the trading experience by providing flexibility and functionality at your fingertips. For more detailed information, you can visit ProBit’s official website or check their app listing in the App Store.

ProBit Review: Supported Countries and Restrictions (2024)

Supported Countries

ProBit Exchange allows users from various countries to create accounts and participate in trading activities. However, to complete the Know Your Customer (KYC) verification process, users from certain jurisdictions are restricted due to local regulations.

While ProBit does not impose geographical restrictions on account creation, users must be aware of the following limitations for KYC verification:

Restricted Countries (2024)

The following countries are not permitted to complete the KYC process on ProBit Exchange: Afghanistan, Albania, Algeria, Bahamas, Bangladesh, Barbados, Bolivia, Burkina Faso, Cambodia, Cayman Islands, China, Cuba, Ecuador, Ghana, Haiti, Iran, Iraq, Jamaica, Jordan, North Korea, Myanmar, Nepal, Nicaragua, Pakistan, Panama, Seychelles, Singapore, Sri Lanka, Syria, United States, Uganda, Venezuela, Yemen, Zimbabwe.

Cryptocurrency Support

ProBit Exchange supports a wide array of over 600 different cryptocurrencies, encompassing more than 1,000 trading pairs. This includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and numerous altcoins. Such a diverse selection allows traders to explore various opportunities within the cryptocurrency market.

This section provides a detailed overview of supported and restricted countries, ensuring clarity for users interested in using ProBit Exchange.

ProBit Review: Customer Support

When it comes to customer support, ProBit provides a comprehensive and user-friendly system designed to assist its users effectively. The platform features an extensive customer support center that includes a detailed Frequently Asked Questions (FAQ) section. This FAQ is a valuable resource, addressing a variety of common queries about the exchange’s services, processes, and functionalities.

For users who may require more personalized assistance or have specific questions that are not covered in the FAQ, ProBit allows individuals to submit requests directly to the customer support team. This option ensures that users can receive tailored guidance based on their unique situations.

Availability: ProBit’s customer support operates Monday through Friday, from 10:00 to 12:00 and 14:00 to 17:00 UTC. This schedule is designed to ensure that support staff are available to assist users during peak times, although it’s important to note that support services are unavailable during public holidays.

Response Time: According to the information available on the contact page, users can expect to receive a response within a maximum of 14 days. However, many users report quicker turnaround times, as the support team typically aims to resolve inquiries as swiftly as possible. This efficiency is especially beneficial for traders who may need urgent assistance with their accounts or transactions.

ProBit’s customer support framework is structured to provide timely and effective assistance, helping users navigate their trading experiences with confidence.

ProBit’s Featured Programs and Events

ProBit offers a range of innovative programs and events designed to enhance your trading experience and provide opportunities for profitable investments. From exclusive token sales to engaging staking options, ProBit caters to both novice and seasoned traders, ensuring there’s something for everyone.

ProBit Exclusive

ProBit Exclusive is a unique platform feature that allows users to purchase specific tokens at discounted prices. To participate, users must stake a certain amount of PROB tokens, which varies depending on their membership level (VIP1 to VIP5). Each membership level has a corresponding subscription limit, meaning the more you stake, the higher your maximum subscription amount. Past token sales have included notable cryptocurrencies like Bitcoin (BTC), Polkadot (DOT), and Polygon (MATIC), making it an attractive option for traders looking to invest in promising new projects at lower prices.

IEO (Initial Exchange Offering) Event

ProBit hosts a variety of Initial Exchange Offerings (IEOs) that provide users with opportunities to invest in new and vetted projects before they hit the broader market. Users can participate in these IEOs by purchasing tokens directly through the ProBit platform, ensuring they are part of the early investment rounds for exciting projects. ProBit’s IEO events are frequently updated, allowing users to keep track of the latest offerings and participate as soon as they launch.

Staking and Rewards

ProBit offers a comprehensive staking service that allows users to earn rewards by locking up their tokens for a specified period. This feature includes options with fixed date ranges, meaning users can only unlock their staked tokens after the end of the staking term. Benefits of participating in staking on ProBit include earning rewards based on the amount and duration of tokens staked, as well as receiving lower trading fees and referral bonuses through their PROB stake mining program. Additionally, users can view upcoming and ongoing staking events directly on the ProBit website, making it easy to stay informed about potential earnings.

ProBit provides a variety of engaging features through its ProBit Exclusive program, IEOs, and staking options, catering to a wide range of traders and investors. Whether you’re looking to buy tokens at a discount, participate in new project launches, or earn rewards through staking, ProBit offers a well-rounded platform to enhance your cryptocurrency trading experience.

Summary of Probit Regression

Probit regression is a statistical technique used to model binary outcome variables, predicting the likelihood of an event occurring (e.g., success/failure) based on one or more independent variables. Here are the main points about probit regression:

Key Features:

• Underlying Assumption: Probit regression is based on the assumption that the errors in the model follow a normal distribution. This differentiates it from logistic regression, which uses a logistic distribution.
• Model Specification: The model estimates the probability that a dependent variable equals one (e.g., a yes/no decision) using the cumulative distribution function of a standard normal distribution.
• Applications: It is widely used in various fields, including economics, social sciences, and healthcare, particularly in situations where the outcome is binary (e.g., whether a patient responds to treatment).
• Comparison to Logistic Regression: While both probit and logistic regression are used for binary outcomes, the interpretation of coefficients differs slightly due to their mathematical foundations. Probit coefficients relate to changes in the probability of the outcome through the normal distribution, while logistic coefficients relate to changes through the logistic function.
• Computational Considerations: Probit regression may involve complex calculations due to the need for numerical integration, although advances in computational tools have streamlined this process.

Considerations for Use:

• The choice between probit and logistic regression often depends on the specific context of the data and the researcher’s preference for interpretation. Both methods generally yield similar results, but can diverge in specific cases, especially with small sample sizes or extreme probabilities.

This statistical method is valuable for researchers seeking to understand binary outcomes and the factors influencing them, providing robust insights into various fields of study.

ProBit Review: Pros and Cons

When considering a cryptocurrency exchange, it’s essential to weigh the pros and cons to determine if it aligns with your trading needs. Below is an overview of the advantages and disadvantages of using ProBit.

ProBit Review: Pros

• User-Friendly Interface: ProBit features an intuitive platform that is easy to navigate, with links to different sections readily available on almost every page. This design minimizes the need to backtrack, enhancing the overall user experience.
• Extensive Cryptocurrency Selection: The exchange offers a vast array of cryptocurrencies and trading pairs, accommodating traders with diverse investment strategies.
• Exclusive Features and Earning Opportunities: Users can take advantage of various exclusive features, including opportunities to earn rewards through staking and purchasing tokens at substantial discounts. ProBit also has a generous referral program.
• Simple Account Creation: Setting up an account is straightforward and can be completed within minutes, requiring only an email address and password.
• No KYC for Basic Activities: Users can engage in normal trading activities such as buying and selling without undergoing KYC verification, making it a convenient option for many traders.
• Low Minimum Deposit: The minimum deposit size is accessible to novice traders, set at just ₿0.0005 (BTC), making it easier to start trading.
• Competitive Trading Fees: ProBit maintains competitive trading commissions, allowing users to maximize their trading profits.
• Functional Trading Platform: The platform supports various order types, including market and limit orders, enhancing trading flexibility.
• Wide Range of Digital Assets: Users have access to a diverse selection of digital assets for transactions.
• No Deposit or Withdrawal Fees: ProBit does not charge fees for deposits or withdrawals from the exchange, allowing users to retain more of their earnings.
• Passive Income Opportunities: There are several options for generating passive income through staking and other activities on the platform.
• Reduced Fees with PROB Token: Users can lower their trading commissions and increase referral bonuses by utilizing the exchange’s native token, PROB.

ProBit Review: Cons

• Limited Fiat Options: ProBit has few options for depositing or transacting fiat currencies unless using Korean Won, which may limit accessibility for some users.
• Transparency Issues: There is limited transparency regarding security measures beyond the standard two-factor authentication (2FA), which may concern security-conscious traders.
• No Futures Trading: While ProBit does not offer futures trading, it provides leveraged tokens as an alternative for those looking for more advanced trading options.

• Margin Trading Unavailability: ProBit does not offer margin trading, which may limit options for experienced traders looking to leverage their positions.
• No Fiat Withdrawals: Users cannot withdraw their earnings in fiat currencies, which can be a drawback for those who prefer cashing out in traditional money.

This format clearly outlines the pros and cons of ProBit, providing readers with a balanced perspective to help them make informed decisions.

Is ProBit a Good Choice in 2024?

As of 2024, ProBit Global has attracted over 5 million users globally, showcasing its growing presence in the cryptocurrency exchange market. The platform features access to over 800 cryptocurrencies and more than 1,000 trading markets, which positions it among the more extensive exchanges available.

ProBit stands out as a competitive option due to several key features:

• User-Friendly Interface: The platform is designed to be accessible for both beginners and experienced traders.
• Low Trading Fees: With trading fees around 0.2%, it remains appealing for active traders.
• Security Measures: ProBit employs strong security protocols, including cold storage for most of its assets.
• Unique Features: The platform offers Initial Exchange Offerings (IEOs) and staking options, allowing users to earn rewards and participate in new projects.

ProBit is considered a solid choice for cryptocurrency trading in 2024, though the best option will ultimately depend on individual preferences and trading needs.

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ProBit Review – Frequently Asked Questions

Is Probit Global legit?

Yes, Probit Global is considered a legitimate cryptocurrency exchange. It implements various security measures, including two-factor authentication (2FA) and cold storage for assets. However, as with any platform, users should exercise caution and conduct their own research before trading.

Is Probit Global a good exchange?

Probit Global is generally considered a reputable exchange, known for its wide variety of cryptocurrencies and trading pairs. Users appreciate its user-friendly interface, security features, and staking options. However, like any exchange, experiences can vary. Some users have reported slow customer support and limited fiat transaction options. Overall, it can be a good choice depending on your specific needs and preferences in the crypto market.

Is Probit Global available in the USA?

Probit Global is accessible in the USA; however, users from certain states may face restrictions due to regulatory compliance. It’s important to check local regulations before using the exchange.

How big is the Probit Global Exchange?

Probit Global is one of the larger cryptocurrency exchanges, offering over 600 different cryptocurrencies and more than 1,000 trading pairs. Its extensive market offerings position it among the more significant exchanges in terms of variety, though its trading volume may not match larger players like Binance or Coinbase.

What is the Probit Global Exchange?

Probit Global is a cryptocurrency exchange platform that enables users to buy, sell, and trade a wide range of cryptocurrencies. It offers features like Probit Exclusive for discounted token purchases, staking options for passive income, and various trading competitions to engage users.

Who owns Probit Exchange?

Probit Exchange is owned by Probit Financial, a company founded in 2017. The exchange has established itself as a player in the crypto market, focusing on providing a secure and versatile platform for traders.

Where is Probit Global based?

Probit Global is based in South Korea. The exchange has leveraged its location to build a robust user base in the Asian market while also expanding its global presence.

Conclusion

ProBit Review highlights that ProBit Global is a comprehensive cryptocurrency exchange, boasting a vast selection of over 600 cryptocurrencies and various trading pairs. The exchange’s unique features, such as the ProBit Exclusive token sales, staking options, and engaging trading competitions, provide users with additional opportunities to earn rewards. ProBit does have its downsides. The limited fiat deposit options, concerns about security transparency, and the absence of certain trading features, like margin trading, might deter some users.

For beginners, ProBit can be a suitable starting point due to its ease of use and the ability to trade without extensive verification. Experienced investors may appreciate its extensive offerings but should carefully consider the pros and cons based on their trading strategies and individual needs. Rest assured, the information presented in this ProBit review has been thoroughly verified and is reliable, as sourced from CoinReviews, ensuring you have an accurate understanding of what ProBit Global offers.

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