Our opinion on ProBit
The ProBit Global crypto stock exchange was launched in November 2018. This Korean exchange platform is one of the fastest and most fluid in the world, with a processing capacity of 1,500,000 transactions per second.
ProBit provides access to more than 500 different crypto-actives and stands out thanks to a clear and customisable interface. Offering a multitude of options, you will be able to diversify your trading strategies thanks to the Staking, IEO and other options available on the platform.
This promotional article was written in collaboration with ProBit.
Key features of ProBit
In addition to its wide range of cryptographic products available for trading, ProBit also offers a token launch platform, Initial Exchange Offering (IEO).
This IEO platform is regularly ranked among the top 3 most attractive. This is not surprising, as it has seen projects such as Cloudbit, Fiducia Network and Gaimin pass through its doors.
Cryptomoney staking is also available, and allows passive revenue generation within crypto projects with a consensus by Proof of Stake (PoS).
In addition, ProBit has its own native token, the PROB, giving you easy access to rich and varied benefits. Among other things, it will allow you to benefit from a reduction in transaction costs of up to 0.03%.
Headed by a former executive of the law firm
Kim&Chang (Korea’s most famous), the ProBit teams have made safety their number one issue. As a result, it has one of the best protections on the market, with notably a large majority of the funds invested in cold wallets (off-line).
It also strongly recommends that its users use double authentication (2FA) when using it.
ProBit registration process
Once you are on the official ProBit page, click on „Register“ at the top right.
You will first be asked to enter your email address and a password, which you will need to confirm to create your account (see below).
Once the page has been validated, you will be asked for a verification code (as below).
It will be included in an e-mail that you will receive via the e-mail address provided beforehand.
Although it is not immediately mandatory, the site recommends that you set up double authentication protection (2FA). As you can see in the screenshot below, you can choose to establish this 2FA security, either through a mobile application such as Google Authenticator, or via your mobile phone number and sending an sms. This optional step can be postponed by clicking on „Ignore for the moment“.
Once you have completed your registration, you will access your account dashboard, as described below. You will be able to easily change the language and the reference time zone, which is highly appreciated.
You will also be able to access the Customer Verification Process (KYC) from this page to unlock additional features to your account.
ProBit trading interface and options
By clicking on the „Exchange“ tab (located at the top of the page), you will arrive on the area dedicated to the exchange of cryptomonnages. ProBit’s trading interface is very comprehensive, with the price chart deployable via several time scales. Order book, limit orders (triggered at a given price) or direct purchase orders are also available.
Note that the „Trading View“ allows you to display prices using the excellent TradingView interface, giving you access to a large number of technical indicators. The trading environment can thus be adapted to all levels of requirements.
For more experienced users, ProBit offers several alternatives. Categorised under the names BTCBULL, BTCBEAR and BTCHEDGE, they give you the possibility of Short or Long Bitcoin Fast Profit with a leverage of x3 (Short 1x for the BTCHEDGE). You will therefore be able to diversify your trading approach, and generate profits regardless of market fluctuations.
Another option on the Korean platform panel is the „ProBit Exclusive“. This feature allows its users, in exchange for a PROB staking, to buy a popular token (Top 200 Market cap) at half price. The higher the staking of the PROB token, the higher the guaranteed allocation.
Finally, during each introduction of new tokens, trading competitions are systematically organised in order to improve the underlying liquidity and allow users to generate additional profits.
The ProBit staking option
One of the main originalities of the ProBit platform is that it offers integrated staking, which allows passive returns to be obtained in exchange for tokens.
The interface is once again very simple and intuitive: once you have chosen the crypto project you are interested in, you can see the interest rate (annualised) you will get in exchange for your tokens. This rate varies according to the staking duration (temporary locking).
ProBit’s challenge is to offer the staking of tokens that are still little known to the general public. Potentially very remunerative, you will have to be vigilant and carry out a personal research work. A safer option is to offer staking of native platform (PROB) tokens, with an annual return of 4%.
Between its extensive trading possibilities and its complementary offers for staking and issuing tokens by IEO, ProBit is an excellent choice because of its completeness.
Its clear and modular interface is suitable for both beginners and more experienced traders/investors. Its high level of security, as well as the advantages linked to its PROB token, are also undeniable advantages for this platform.