Today it is impossible to think of the crypto world without exchanges. And it is that, in a short time these companies have become a fundamental part of the crypto market. Connecting the different cryptocurrencies with each other through exchanges, and therefore allowing the creation of a much more interconnected crypto community. That is why it is so important to choose an exchange with which we feel comfortable to operate. Which is why today we bring you our review of the ProBit exchange.
Basic Data of the ProBit exchange
Foundation year: 2018
Country of registration: Seychelles
Minimum deposit: Does not have
In the crypto market we have become accustomed to the presence of a few world-class exchanges. Large companies such as Binance, Huobi or Coinbase seem to dominate transactions between cryptocurrencies, with no room for new platforms to challenge their dominance.
However, from time to time exchanges such as ProBit emerge which, thanks to their unique features and ease of use, manage to quickly conquer the market. Becoming extremely popular, and challenging the dominance of the big exchanges.
Thus, since its inception in 2018, ProBit has managed to climb positions to consolidate itself as one of the main cryptocurrency exchanges in the world. This thanks to the wide range of trading pairs that it offers to its users, reaching 600 virtual currencies listed today. In addition to the design of its trading platform, elegant and simple so that long trading sessions are as comfortable as possible.
Also offering a series of products and services related to cryptocurrencies. Having currently available the possibility of staking in 9 different virtual currencies. Constant trading competitions for your users. And exclusive offers of discounts on commissions for operations in specific assets
Deposits and withdrawals
Unlike other exchange platforms, ProBit is specialized in the direct exchange between cryptocurrencies. Therefore, deposits within the platform must be made in the exchange’s wallets enabled for each of the available tokens. Without having any commission for deposits except for the cryptocurrencies NNN, Paxos Gold and WBX.
Different case of withdrawals, where a minimum withdrawal amount is established, as well as a commission for each cryptocurrency. They can be as low as 0.01 ETH charged for Ethereum withdrawals or 0.0005 BTC for Bitcoin withdrawals.
Trading on the ProBit exchange
However, the true strength of ProBit today is the investment experience it offers its users. Having two advantages that position the exchange as one of the best in the entire crypto world.
On the one hand, ProBit offers a fast and easy-to-use trading platform, with a mobile version so that you can trade from your phone. All this with trading commissions ranging from 0.03% for VIP users to 0.18% for standard users.
But even more important during this boom time in decentralized finance. It is ProBit’s decision to use its platform to facilitate the exchange of DeFi tokens. Creating trading pairs with USDT, BTC, and KRW for the virtual currencies of the main DeFi tokens such as YFI, SUSHI, UMA, among others.
One of the main advantages of the crypto world is its competition without barriers. Well, it allows new projects to constantly arise that improve the capabilities of the crypto market. Offering better quality products and services at lower prices.
And it is thanks to this free competition that exchanges such as ProBit arise, analyzed in today’s review. Which not only offers a top-notch trading platform for cryptocurrency users. But it also takes advantage of the possibilities of a booming sector such as decentralized finance, to offer us what is undoubtedly one of the best exchanges in the world.