ProBit Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ₿0.0005
- Webterminal
- Mobile Apps
- The platform supports trading with bots
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ₿0.0005
- Webterminal
- Mobile Apps
- The platform supports trading with bots
Our Evaluation of ProBit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
ProBit is a high-risk cryptocurrency exchange with the TU Overall Score of 2.98 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ProBit clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. ProBit ranks 134 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
ProBit is an exchange with low commissions and a wide range of cryptocurrency pairs available for trading. Leverage is not allowed, and all deposit and withdrawal operations are performed only in digital currencies.
Brief Look at ProBit
The ProBit exchange has been providing traders with services for buying, selling, and storing crypto assets since 2017. The list of currencies is constantly expanding. At the moment, over 800 altcoins can be traded on the exchange, as well as Bitcoin and the exchange's proprietary token called PROB. The number of traders registered on ProBit Global is over 3 million, a third of them are active market participants who trade through this exchange regularly. In addition to trading cryptocurrency pairs, ProBit offers solutions for passive investors such as staking, algorithmic trading, and an affiliate program.
- the size of the minimum deposit is available even to a novice trader and it is just ₿0.0005 (BTC);
- competitive trading commissions;
- a functional trading platform with the ability to place both market and limit orders of various types;
- a wide variety of digital assets available for transactions;
- no deposit and withdrawal fees from the exchange;
- several options for gaining passive income;
- the opportunity to reduce trading commissions and increase the size of the referral bonus through the use of the exchange's token.
- margin trading is unavailable;
- exchange doesn’t allow withdrawal of earnings in fiat currencies;
- slow speed of support service;
- lack of online chat on the site and in trading applications.
TU Expert Advice
Financial expert and analyst at Traders Union
For over 5 years ProBit has offered its clients cryptocurrency exchange services. The choice of pairs here is wide, and the site regularly expands the list of trading instruments. In March 2022, a new option of buying cryptocurrencies with a credit card became available on ProBit Global. Thanks to this innovation clients can buy over 500 altcoins using fiat money from their cards in US dollars, euros, pounds, and Brazilian reals in a couple of clicks.
ProBit regularly holds trading competitions among active users and offers them to buy some cryptocurrencies at discounts of up to 50%. The exchange allows algorithmic trading using third-party bots. The trading platform is based on TradingView and supports 13 timeframes and 4 types of limit orders. Technical support is available through the ticket system and popular messengers.
ProBit has minimum withdrawal amounts for each cryptocurrency. In addition, the exchange has a 24-hour withdrawal limit of up to 5,000 USD or its equivalent. It can be increased up to $500,000 after two conditions are met which include two-factor authentication and KYC level 2 verification (e.g., scanned document verification to confirm identity).
ProBit Summary
| 💻 Trading platform: | Proprietary developed mobile applications and web terminal |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | BTC, ETH, XRP, and other cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank transfer (SEPA and SEPA Instant, UK Faster Payments, PIX), credit cards, cryptocurrencies |
| 🚀 Minimum deposit: | ₿0.0005 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | 0.03-0.2% |
| 🔧 Instruments: | Over 800 cryptocurrencies and tokens |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No |
| ⭐ Trading features: | The platform supports trading with bots |
| 🎁 Contests and bonuses: | Discounts on the purchase of premium tokens, trading competitions |
ProBit only accepts deposits and allows to withdraw money in Crypto. Bitcoin transfers and over 500 altcoins are available. Cryptocurrencies can be purchased directly from the card for fiat USD, EUR, GBP, and BRL.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 0.2% of the transaction amount = $2 per trade volume of $1,000 | There is a fee for transactions in a blockchain |
Find the comparison of trading commissions of three cryptocurrency exchanges, including ProBit Global in the table below. Each of them, based on a comparison with ProBit’s competitors, was assigned the appropriate level of commission by Traders Union analysts.
| Broker | Average commission | Level |
|---|---|---|
|
$2 | |
|
$20 | |
|
$0.1 |
Investment Options
The exchange provides several solutions for passive income. Here you can earn through staking and the referral program. Also, ProBit supports automated trading (without human intervention) through the connection of various bots such as DCA, Hummingbot, Grid, etc. All bots are produced by third-party developers, which are not affiliated with ProBit Global. Hummingbot is available in demo mode.
Passive income via staking
Staking is the process of storing a certain amount of tokens in an e-wallet. The result is the account owner receives income in the form of a percentage of the number of funds frozen. Like most exchanges, ProBit pays remuneration for storing certain cryptocurrencies. The list is periodically updated, and the current offers can be found on the official website in the Stake section. Placed tokens are blocked by the exchange for the period specified in the offer, during which they become unavailable for any use (exchange, withdrawal, or trade).
The terms of remuneration at the time of this review:
Lucretius (LUC): 30 days — 80%, 60 days — 100%, 90 days — 120%;
VELAS (VLX): 30 days — 18.25%, 60 days — 19.16%, 90 days — 20.07%.
Special conditions apply to PROB token holders. They don’t receive a storage fee, but they can increase the referral bonus to 30% and reduce the trading commission to 40%. There are no minimum and maximum investment amounts for staking. There is also no limit on the total amount of remuneration. The money is paid after the expiration of the lock-in period specified in the contract.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
ProBit’s affiliate program:
The referral program carries a remuneration from 10 to 30% of the trading commission of connected users. The amount of charges depends on the status of the referral.
Initially, all clients are assigned the status of a Standard account, which provides a minimum percentage of the referral bonus. A total of 12 fiats are available. To upgrade the status, the trader must deposit 500 PROB into the wallet for further storage under the staking program. To get a 20% bonus, a trader must deposit at least 8,000 PROBs, and to get 30%, you must deposit at least 100,000 PROB.
User Satisfaction