Seychelles
|5-10 years
Common Financial Service License|
Suspicious Overrun|
Medium potential risk
https://www.probit.com/en-us/
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Common Financial Service License
Common Financial Service License goes beyond their business with the South Korea KISA license (License No.: ISMS-KISA-2021-043), please be aware of the risk!
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⭐Features | Details |
⭐Exchange Name | PROBIT Global |
⭐Founded in | 2018 |
⭐Registered in | Seychelles |
⭐Cryoptocurrencies | 800+ |
⭐Trading Fees | 0.03% ~ 0.20% |
⭐24-hour trading volume | $1 billion |
⭐Customer Support | A ticket support system, social media |
ProBit Global is a cryptocurrency exchange that was founded in 2018. It is registered in Seychelles and has over 800 cryptocurrencies listed on its platform. ProBit Global has a high 24-hour trading volume of over $1 billion and offers a variety of features for traders, such as margin trading, stop-loss orders, and trailing stops. Trading fees range from 0.03% to 0.20%, depending on your trading volume.
ProBit Global excels in these areas:
ProBit Global lacks these areas:
Pros | Cons |
800+ cryptocurrencies available | Weak regulation |
Supports margin trading | Not available in some countries |
High 24-hour trading volume | customer service not decent |
Earn rewards by staking | No mobile App available |
Not transparent as other exchanges | |
Lower trading fees yet with large trading volumes. |
ProBit Global is registered with the KOREA INTERNET&SECURITY AGENCY and holds the Common Finance Service License under regulatory number ISMS-KISA-2021-043. However, the regulatory status is marked as “Exceeded.”
The Korea Internet & Security Agency (KISA) is a government agency under the Ministry of Science and ICT of South Korea. It was established in 2009 with the mission of “improving the global competitiveness of Korea's Internet industry.” KISA is a leading organization in the field of Internet security and promotion in South Korea. It plays a vital role in protecting the Korean Internet from cyberattacks and promoting the use of Internet technology for economic and social development.
ProBit Global boasts that it takes security very seriously and implements a number of measures to protect its users' funds. These measures include:
ProBit Global lists over 800 cryptocurrencies. This includes a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Tether, USD Coin, Binance Coin, XRP, Cardano, Solana, Terra, and meme coins like Dogecoin and Shiba Inu. Here is a table of the top 10 cryptocurrencies by market capitalization that are available on ProBit Global:
ProBit Global also lists a number of other cryptocurrencies, including meme coins, DeFi tokens, and stablecoins. ProBit Global is a hit among traders who want lots of different cryptocurrencies. Plus, they're quick with new coins – they can list them in just 24 hours after getting the request. That's faster than most other exchanges.
ProBit Global offers a diverse range of services catering to both seasoned crypto enthusiasts and newcomers, minus the basic cryptocurrency trading aspect. It features a vast selection of altcoins and decentralized finance (DeFi) tokens, allowing users to diversify their crypto portfolios. The platform is known for hosting staking events and offering low trading fees, which enhances the overall trading experience.
Furthermore, ProBit Global stands out with its 'ProBit Exclusive' premium listing platform and a VIP membership program. In this program, members can stake PROB, the platform's native token, to enjoy significantly reduced trading fees, sometimes as low as 0.03%. Special offers, such as discounts on cryptocurrencies like USDC, are also part of the ProBit Exclusive benefits.
The platform supports major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as quote currencies. Users have the convenience of buying cryptocurrencies using a credit card or bank transfer, with the purchased assets directly deposited into their ProBit Global wallets.
For advanced users and developers, ProBit Global offers an API (Application Programming Interface) for integrating real-time market status, orders, cancellations, or user history into personal systems or applications. This feature is particularly beneficial for those looking to automate trading strategies or merge ProBits data with other software tools. These combined services make ProBit Global a versatile platform in the cryptocurrency space.
Here are the steps on how to open an account with ProBit Global in around 6 steps:
1. Visit the ProBit Global website and click on the “Sign Up” or “Register” button to start the registration process.
2. Provide your email address, create a strong password, and agree to the terms and conditions of the exchange.
3. Verify your email address by clicking on the verification link sent to your registered email.
4. Complete the KYC (Know Your Customer) process, which typically involves providing personal information such as your full name, date of birth, and proof of identification. This step is important for regulatory compliance and to ensure the security and integrity of the platform.
5. Once your KYC documents are verified, you may need to set up additional security measures such as two-factor authentication (2FA) to enhance the security of your account.
6. After completing all the necessary steps, you should now have a registered account on ProBit Global and can start trading or using the platform's features and services.
To buy cryptocurrencies on ProBit Global, whether through bank transfer or credit card, the process is user-friendly and secure. Here's how you can do it:
Buying Crypto with Bank Transfer:
Buying Crypto with Credit Card:
These steps ensure a smooth and secure process for purchasing cryptocurrencies on ProBit Global, whether you prefer using a bank transfer or a credit card.
Trading fees range from 0.03% to 0.20%, depending on your trading activities.
Stake PROB tokens and enjoy reduced trading fees, starting as low as 0.05%.
Higher PROB stakes mean higher membership levels and even bigger fee discounts.
Besides, you can get a discount by staking PROB. By staking PROB, your membership level rises, leading to more significant trading fee reductions.
Use PROB for Fee Payment: Use your PROB tokens to cover trading fees and receive discounts of up to 40%.
Additionally, when you pay with PROB, enjoy an extra 0.02% reduction on transaction fees.
Membership Level | Staked PROB Amount | Trading fee (when paying with fiat) | Trading fee (when paying with PROB) | Fee Discount Rate | Referral Bonus |
Standard | 35,000 | 0.20% | 0.18% | 10% | 10% |
VIP 1 | 25,000 | 0.19% | 0.17% | 10.50% | 10% |
VIP 2 | 23,000 | 0.18% | 0.16% | 11.10% | 10% |
VIP 3 | 28,000 | 0.16% | 0.14% | 12.50% | 20% |
VIP 4 | 20,000 | 0.14% | 0.12% | 14.30% | 20% |
VIP 5 | 250,000 | 0.12% | 0.10% | 16.70% | 20% |
VIP 6 | 100,000 | 0.10% | 0.08% | 20% | 30% |
VIP 7 | 220,000 | 0.09% | 0.07% | 22.20% | 30% |
VIP 8 | 230,000 | 0.08% | 0.06% | 25% | 30% |
VIP 9 | 250,000 | 0.07% | 0.05% | 28.60% | 30% |
VIP 10 | 280,000 | 0.06% | 0.04% | 33.30% | 30% |
VIP 11 | 1,000,000 | 0.05% | 0.03% | 40% | 30% |
*This is a guess of the real trading fee, considering the PROB rewards you get.
ProBit Global only accepts cryptocurrency deposits, meaning you can't use regular money to buy or sell digital assets there. For deposits, you can only use cryptocurrencies.
ProBit Global Korea traders can put in South Korean Won (KRW) deposits, but it's only for those who prove who they are on the platform. ProBit Global doesn't charge any fees for putting in deposits, but there might be network fees when you take your crypto coins out of your wallet. How long it takes to withdraw depends on the crypto you're taking out and the network it's on. You can check the full list of deposit and withdrawal fee here: https://www.ProBit Global.com/en-us/transfer-fee
ProBit Global offers learning materials to help clients understand how it operates, how to earn rewards and how to complete quiz.
ProBit Global provides lots of help to customers, including a big list of frequently asked questions (FAQs). Traders can also ask the support team for help. The support team is there all day, except on Saturdays and Sundays. They're open from 10:00 to 12:00 and 14:00 to 17:00 UTC, but they're closed on public holidays.
ProBit Global is also quite active on social media platforms, engaging with its audience and providing updates and information.
ProBit Global maybe a good exhange for traders in the following types:
Yes, ProBit Global has experienced some controversy in the past.
In 2019, the exchange was hacked and over $10 million worth of cryptocurrency was stolen. The exchange was able to recover most of the stolen funds, but this incident did raise some concerns about the security of the exchange.
In addition, ProBit Global has been accused of wash trading. Wash trading is a form of market manipulation in which traders buy and sell the same cryptocurrency in order to create the illusion of increased trading activity. This can artificially inflate the price of cryptocurrency and make it seem more popular than it actually is.
Features | ||||
Trading Fees | 0.03% ~ 0.20% | Maker: 0.04%, Taker: 0.075% | Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5% | Maker: 0.5%, Taker: 4.5% |
Cryptocurrencies | 800+ | 500+ | 11 | 200+ |
Regulation | KISA ( Exceeded) | Regulated by NMLS, MAS/FinCEN (Exceeded) | Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS | Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded) |
Q: What cryptocurrencies are available for trading on ProBit Global?
A: ProBit Global offers over 800 cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, Ripple, Litecoin, and more.
Q: How can I register an account on ProBit Global?
A: To register on ProBit Global, you can visit their website and click on the “Sign Up” or “Register” button. Then, you will need to provide your email address, create a strong password, and agree to the terms and conditions.
Q: What are the fees for trading on ProBit Global?
A: Trading fees range from 0.03% to 0.20%, depending on your trading activities.
Q: What deposit and withdrawal methods are supported by ProBit Global?
A: ProBit Global may support various deposit options such as bank transfers, credit/debit cards, or cryptocurrency transfers. Similarly, withdrawal methods may include bank transfers or cryptocurrency withdrawals to external wallets. Users are advised to review the exchange's policies and guidelines for specific details.
Q: Can US citizens Use ProBit Global?
A: No, US citizens can not trade on ProBit Global.
Q: Are there any controversies surrounding ProBit Global?
A: Yes, ProBit Global has experienced some controversy in the past. In 2019, the exchange was hacked and over $10 million worth of cryptocurrency was stolen. The exchange was able to recover most of the stolen funds, but this incident did raise some concerns about the security of the exchange.
Q: How can I assess user satisfaction with ProBit Global?
A: To assess user satisfaction with ProBit Global, individuals can gather insights from online forums, review websites, and social media platforms where users may share their experiences regarding various aspects of the exchange. This can help form an objective and neutral understanding of user satisfaction.
2021-09-09 12:21
2021-06-24 11:28
2021-03-02 14:38
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