Although it is a rather new platform (launched in November 2018), ProBit offers interesting services. The Korean company, which has a large panel of Asian users, is winning over more and more Europeans. The site is in fact now available in several languages including French.
Of course, as there are more users, the liquidity becomes greater, making it a good trading platform.
Also, in general, we already have our trading platform and we may wonder why switch and use probit for example?
This is indeed a very good question and you will see that very often, we discover ProBit more for its services rather than for pure trading. Indeed, we can do staking, participate in IEO (Initial Exchange Offering) and even have discounts on certain cryptocurrencies.
This is in fact why the Probit platform is gaining interest from crypto-holders.
However, with more than 500 crypto assets on the platform, it remains a good platform where you can trade all the cryptos of your choice.
Now, for this Probit review, let's see the services that the platform offers us.
What are the services offered by probit?
Although it was originally a trading platform, the company has expanded the range of its services. We can now participate in IEOs for example, participate in trading competitions or stake on certain cryptocurrencies.
Take advantage of exclusive offers with discounted tokens
It is certainly the most interesting service of probit, so that's why we start there. You can have access to known and reputable tokens at very attractive prices.
For example, in a few days – as we write this article – a sale at less than 50% of the MANA token from Décentraland, for example.
So, don't be fooled either, to have access to it, you will still need to own PROBIT (the native token of the Probit platform). For example, you must have 500 PROB to be able to access this exceptional offer. Today, 500 PROBIT is trading at around €230.
This lasts a few days and should be seen as a sort of exclusive gift for users of the platform and for those who own PROB token.
It is in fact a relatively widely used incentive method in trading platforms. This encourages new users to use the platform and also rewards active traders on the platform.
Trading platform
The trading platform is relatively simple and would be more suitable for a beginner. There are not several trading tools for example or even the possibility of having indicators or others. That said, to simply buy cryptocurrencies of your choice, this will be more than enough.
You can place limit orders or market price orders for all cryptocurrencies. In the tab on the right, you will have the transaction fees.
We will talk about fees again in the dedicated paragraph but it is always an element to take into account when you use a platform.
Staking on Probit
You can also do staking on Probit. That said, not all cryptocurrencies allow you to do this. These are generally young projects that have just been listed. The principle of staking is very simple. You buy and lock for a certain period (60 days in general) an amount in crypto and you receive remuneration according to a given AYP rate.
The longer you stake for a period of time, the more interest you earn on it, QED.
Do you need to have the PROB token and what is it for?
The PROB token is the platform token. It is therefore, as with all platforms, like BNB from Binance, it is the token that can be used to reduce transaction fees.
Probit fees can be reduced by having PROB which can go up to 0,2%.
By owning PROB, you can reduce these fees by up to 0,03%, clearly making it one of the cheapest platforms on the market.
By obtaining PROBs, you can also activate VIP levels and benefit from exclusive offers such as lower price sales or other events of this type.
Also note that in terms of fees, there are generally zero fees on deposits but there are generally some on the platform for withdrawals.
Sometimes, withdrawals can even be quite high and we advise you to carefully check the token you wish to withdraw before depositing. That said, this remains relatively close to the prices displayed by other platforms.
How to register on ProBit?
To register on Probit, you will need to have your phone with you to activate two-factor authentication and guarantee the security of your account. Moreover, in terms of security, the platform has a secure and reliable platform including the use of offline wallets to limit exposure to hacking for example.
Likewise, you can trade immediately, without having to provide an identity document, but be aware that you will still need to validate your identity if you want to trade larger volumes.
You should also know that you cannot buy cryptocurrencies directly by bank card or by transfer on the platform. You must therefore first have cryptocurrencies that you will deposit in your wallets to be able to trade on the platform.
It's certainly a small handicap but most certainly, Probit will open and allow the purchase of cryptocurrencies in the near future.
So, here is our review of Probit. We believe that it has potential and that it seeks to innovate in particular by offering IEOs and offering exclusive sales. That's really great. That said, it remains a simplistic platform for our taste and above all, the fees are sometimes high with relatively high minimum withdrawals, compared to others.
Likewise, you must already own cryptocurrencies on another type platform. Binance to send them can prove to be an obstacle for experienced traders.
This is our objective opinion on Probit. It's good but there is still progress to be made ;)
Note: No financial advice is given on the zonebitcoin blog. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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