ProBit Global Cryptocurrency Exchange Review: BitUniverse Grid Trading Now Available

About ProBit Global

ProBit Global Exchange (www.probit.com) describes itself as a global coin-to-coin cryptocurrency exchange. ProBit Exchange only lists what it deems to be ‘qualified and deserving’ cryptocurrency projects. ProBit Exchange reportedly has an order matching speed of over 1.5 million orders per second and a customizable user interface. In addition, ProBit Exchange claims to provide users with the option of a hardware security key in addition to 2 Factor Authentication.

ProBit Global Cryptocurrency is an excellent platform for everyday traders who are interested in exchanging bitcoin and altcoins. It has a well-designed trading platform that is unlike other copycat exchanges that have proliferated the crypto market.

Operating Company 

Supported Cryptocurrencies

It currently offers trading in 40+ different cryptos. But, according to information on the ProBit-website, 100+ other cryptos are “ready to be listed”. We’re not entirely sure what “ready to be listed” means, but it’s probably fair to assume that the number of supported cryptos at this trading platform will increase rapidly in the near future.

How Does ProBit Work?

Comprehending how ProBit Exchange works are exceptionally straightforward, and new investors can efficiently operate on the exchange. ProBit exchange allows traders to mine digital coins on the platform, which is the beauty of the exchange. To know more about how the exchange works, read the following to get an in-depth understanding of the platform:-

To start trading on ProBit, users need to maintain funds in the account. Without funds, buying and selling activities are prohibited. The significant cryptos supported on the platform are – Bitcoin (BTC), Tether USD (USDT), and Ethereum (ETH). So, a ProBit account or wallet must deposit either of these coins to start trading.

ProBit Trading fees

This trading platform doesn’t charge different fees between takers and makers. Instead, the exchange has a so called “flat” fee model. They offer a flat trading fee of 0.20%. The global industry average has for a long time arguably been 0.25%. Today, however, we are seeing more and more exchanges moving to lower trading fees, such as 0.10% and 0.15%. New industry averages are accordingly being established.

For the time being however, ProBit’s trading fees are still in line with industry average.

ProBit Global Cryptocurrency also offers trading fee discounts when you have a larger trading volume. Trading fees can become as low as 0.05% if you have a large trading volume, and even lower (0.03%) if you pay your trading fees with the exchange’s native token, the PROB-token.

ProBit Withdrawal fees

Withdrawal fees are usually fixed and vary from crypto-to-crypto. If you withdraw BTC, you pay a small amount of BTC for the withdrawal. If you withdraw ETH, you pay ETH. The last time they did an empirical study of the BTC-withdrawal fees in the crypto exchange market, they found that the average BTC-withdrawal fee was approx. 0.0006 BTC per BTC-withdrawal. ProBit charges 0.0005 BTC per BTC-withdrawal, which is slightly below the global industry average.

All in all, the trading fees and withdrawal fees here are in line with the industry averages.

• Coin Name
  • Blockchain type Minimum Withdrawal Amount Deposit fee
    • Network Fee
  • AFX Afrix
    • Zynecoin0 AFX0 AFX
      • 0.5 ZYN
  • XGP XGP
    • XGP0 XGP0 XGP
      • 1 XGP
  • OVO Ovato
    • OVO0 OVO0 OVO
      • 0.01 OVO
  • LBY Libonomy
    • Libonomy0 LBY0 LBY
      • 10 LBY
  • TOMO Tomo Chain
    • TomoChain0.01 TOMO0 TOMO
      • 0.01 TOMO
  • FJB Lets Go Brandon Coin
    • Binance Smart Chain BEP20 (BSC)0 FJB0 FJB
      • 0.001 BNB
  • SFXSUBX FINANCE LAB
    • Binance Smart Chain BEP20 (BSC)0 SFX0 SFX
      • 0.001 BNB
  • GEMS Algogems
    • Algorand0 GEMS0 GEMS
      • 0.01 ALGO

Deposit Methods

ProBit Global Cryptocurrency does not accept any other deposit method than cryptos, so new crypto investors are restricted from trading here. If you don’t have any cryptos but want to start trading here, it is not overly difficult however. The process consists of two steps:

Step 1: Purchase cryptos from another exchange.

Step 2: Deposit them at ProBit.

You can do that, right?

Referral Program

Create Account – Create your ProBit account.

Invite Friends – Invite your friends by email, referral link, referral code or sharing on social media.

Earn Rewards – Receive rewards of up to 30% of your friends’ trading fees daily!

ProBit Security

Exchanges store a massive amounts of valuable personally identifiable info. From names to addresses, to government identification details, taxpayer ID number and a lot more. More importantly though, exchanges handle a lot of cash or crypto deposits. If the security at your exchange makes the exchange vulnerable to attacks, that means that also the cryptos or fiat currency assets you hold at such exchange might be vulnerable to attacks.