ProBit Exchange review - Part 2: How to create a ProBit account? And How does ProBit work?

[nguyendu1997 140]

How to create a ProBit account?

Creating an account on the ProBit Global exchange is fairly easy.

1. Go the ProBit Global official website and click on the Register button.
2. You need to fill out the provided form and check all the boxes before clicking on the Register button.
3. You will get a pop-up, check the ‘I am not a robot’ box.
4. A verification code will be sent to your email. Copy the code and paste it at the provided box and verify.
5. You need to complete the ProBit Exchange KYC level 2 in order to trade on this platform. Fill out the Verification form with your personal information. Upload a photo of your passport or ID as well as a picture of yourself holding the ID.
6. Click Submit and there you have it!

How does ProBit work?

Understanding how ProBit exchange operates is not that hard. Typically, ProBit acts as an intermediary for you to convert your cryptos from one coin to the other. Also, the platform grants you the chance to hold your cryptos by their wallet.

More importantly, ProBit will allow its users to mine cryptos very soon. The beauty of this platform is the service they offer. I’m sure you are wondering what you can get from ProBit, right? Well, here are some of the services that ProBit offers:

Crypto exchange

ProBit has over three hundred cryptos hence making it one of the biggest exchanges in the world. You can easily open a new trade in the ProBit app:

• Make sure you deposited some crypto to trade. Preferably Bitcoin.
• Go to Exchange.
• Select your favorite trading pair. We chose BTC/USDT.
• You can choose between a Limit and Market order:
  • Limit order: the order will be filled at your desired price.
  • Market order: the order will be executed for the current market price.
• Place a Sell order to exchange your BTC for USDT.

Easy-to-use interface

There’s nothing more satisfying than finally finding a platform that’s easy to understand and operate. That’s what ProBit does for you. What’s more, even if you are new to the crypto world, you can learn how to operate ProBit in a matter of minutes.

Low Fees

These days, exchanges charge a lot for every trade you make. They use these fees to develop their platforms. However, when it comes to ProBit, every trade has a low fee of up to 0.20% for every trade. Additionally, ProBit also offers a ton of discounts for their loyal customers by holding their native token.

Earn through Staking

You can stake in the exchange and earn by just holding a certain crypto. You can find the staking services on the Stake tab.

Top Performance

ProBit offers state-of-the-art tech. The engine itself can handle up to 1.5 million transactions every second. That’s one of the fastest and most robust tech in the crypto-world. Therefore, traders can take advantage, especially when trading.

ProBit fees

ProBit is generally considered a low-fee exchange, meaning that it doesn’t charge a high maker and taker fees. The exchange instead has what is called the “flat fee model”. That means the exchange offers a flat trading fee of 0.20%, but when you have a larger trading volume, they offer you trading fee discounts.

That said, when you have a large trading volume, you can have trading fees that are as low as 0.05%. But if you pay your trading fees with PROB, the native token of the exchange, your fees can go even lower down to 0.03%.

All in all, the fees and discount rates on ProBit are subjected to change following the market conditions in the crypto market. When you want to withdraw BTC they charge a withdrawal fee of 0.001 BTC. Also, it is essential to note that ProBit accepts only cryptos as a deposit method.

Is ProBit safe?

ProBit started way back in 2017, and the company was launched in Seoul, South Korea. Over the years, the company split into two branches: ProBit Global and Korea. Different enterprises operate each of these branches. Additionally, the platform has grown to be one of the most successful exchanges worldwide.

ProBit is translated to over 40 languages to make it convenient for each country. More importantly, it’s one of the most secure platforms in the world. ProBit security emphasizes creating a safe environment for its users.

With this platform, you can now store your assets in the cold storage, which is also known as offline storage. That’s one of the ideal ways to protect cryptos from breaches and hackers. What’s more, ProBit uses one of the most robust algorithms to store data.

To take their privacy to the next level, ProBit uses multiple encryption methods to protect personal information and private keys of their customers. It doesn’t get any better than that! With the new 2FA security, you can now create a private encryption to your wallet using Google Authenticator. That makes your wallet more secure from hackers and security breaches. Check out these measurements you can take to protect your account. In the next chapter of this ProBit review you can read our conclusion.

Conclusion ProBit review

Cleary, ProBit is an exchange that’s worth your time. That’s all thanks to its advanced features and worldwide coverage. More importantly, with ProBit, you can trade on any pair of your choice. The best part is that you don’t have to worry about hacks or breaches since the platform takes extra precautions to protect its clients. ProBit hasn’t been hacked before, but you should always be on your guard with a cryptocurrency exchange. Don’t leave your funds at this exchange, but transfer it to a safer offline hardware wallet.

ProBit also has its token that comes with discounts and other perks when you are trading or holding the token on their platform. That’s an opportunity that every trader would like to take advantage of. All in all, whether you are a newbie or an advanced trader, there’s something for you on ProBit. Stick around for more exciting topics.

All ProBit reviews:

There are no reviews yet. Be the first one to write one.

 

Tell us what you think of ProBit.

[tranthanh9722 1]

Thanks a lot for the post, it is very complete and informative about this exchange probit.