ProBit Global Cryptocurrency Exchange Review : Pros & Cons

About ProBit Global

ProBit Global Exchange 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.

Information Table

How To Register At ProBit Global Exchange ?

To register on ProBit Global, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your ProBit Global Cryptocurrency Account ?

There is no mandatory verification at ProBit Global, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 0.00434 ETH. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the ProBit Global, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At ProBit Global Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From ProBit Global Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your ProBit Global Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

ProBit Global Commissions & Fees

ProBit Global charges a fee for each trade made on the platform. The exact fee amount varies depending on the trading pair, with different fees for taker and maker orders. Trading fees for taker orders (orders that take liquidity from the order book) are generally higher than maker fees (orders that add liquidity to the order book). The fee structure at ProBit Global is designed to incentivize users to provide liquidity to the order book, promoting market stability and reducing spread.

In addition to trading fees, ProBit Global also charges fees for deposit and withdrawal of funds. These fees vary depending on the deposit/withdrawal method and the asset being deposited/withdrawn. It is important to note that fees and commission structures are subject to change, and users should regularly check the ProBit Global website for the latest information.

Membership level-based trading fees and benefits

Features Of ProBit Global Crypto Exchange

Available At Android & IOS Store

ProBit Global Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading .

Cryptocurrencies Available

Wide range of cryptocurrencies available for trading, including Bitcoin, Ethereum, and others.

Supports

Supports multiple fiat currencies for deposits and withdrawals, including USD and TWD (Taiwanese Dollar).

New Traders

User-friendly interface, making it easy for both experienced and new traders.

Convenient Trading

Mobile app available for convenient trading on-the-go.

Secure wallet storage

Strict security measures in place, including two-factor authentication and secure wallet storage.

Trading fees

Competitive trading fees, offering low-cost trading options for users.

Trade Leverage

Supports margin trading, allowing users to trade with leverage.

Analysis Tools

Provides up-to-date market information and analysis tools to assist in making informed trading decisions.

Earn Rewards

Offers a referral program, allowing users to earn rewards for bringing in new users.

Customer Support

Dedicated customer support, providing prompt and effective assistance for users.

ProBit Global Conclusion

ProBit Global is a cryptocurrency exchange offering a wide range of digital assets for trading. The platform has a user-friendly interface, mobile app, and supports multiple languages. With low trading fees and strict security measures in place, ProBit Global offers a competitive option for traders looking to buy, sell, and trade cryptocurrencies.

However, it’s important to keep in mind that ProBit Global is still a relatively new exchange with limited geographical availability and lower liquidity compared to other established exchanges. Before starting to trade on the platform, it’s important to carefully review and understand the fees and commission structure, as well as the risks associated with cryptocurrency trading.