Our Verdict

Founded in 2017 and headquartered in Seoul, South Korea, ProBit Global offers cryptocurrency trading services across more than 170 countries. Users can trade without mandatory KYC verification, subject to a daily withdrawal limit of $5,000. The platform follows industry-standard security practices and has no history of breaches, but lacks an insurance fund and Proof of Reserves, which could pose risks in the event of a hack.

ProBit Global provides access to around 500 cryptocurrencies and 600+ trading pairs, though its advanced trading tools are limited. While direct fiat deposits aren’t available, fiat-to-crypto transactions are facilitated through partners like Mercuryo and MoonPay, often at high fees. The platform charges a flat 0.2% trading fee for both makers and takers, which is competitive.

ProBit Global’s optional KYC makes it ideal for basic traders prioritizing anonymity.

ProBit Global Pros and Cons

Is ProBit Global Right for You?

Not all traders are the same. Some seek easy apps for trading on the go, while others look for advanced features like leverage or social trading. When reviewing exchanges, we cater to all types of traders, from beginners to advanced. We divided all traders into seven main target groups.

Our thorough yet straightforward method ensures a clear understanding of trading strategies and their requirements. By assessing, ranking, and recording key factors, we determine how well the exchange meets the needs of each target group. We use three types of rankings: perfect match, good choice, and not recommended. Here’s our verdict:

Casual Traders: Acceptable Choice

ProBit Global is an acceptable choice for casual traders like myself. It offers industry-standard security measures to help users to protect their funds. The platform supports spot trading with around 500 assets and 660 trading pairs available. Customer service is accessible only via email but responds quickly and efficiently. Additionally, the exchange offers many ways of buying crypto for fiat through its partners.

However, the fees charged by these partners are rather high. There is also no insurance for customers’ funds and no Proof of Reserves on ProBit Global, which may result in money losses in times of hacks. Those who look for other options may try platforms with direct fiat deposits like KuCoin and Binance.

Day Traders: Acceptable Choice

ProBit Global is an acceptable choice for day traders. Its desktop platform supports Market, Limit, and GTC orders. The charting tool includes default TradingView integration and offers search functionality for trading features. The trading fees are below the market average. The robust API library includes multiple features for automated trades, and the active bug bounty program offers substantial rewards for discovered weaknesses.

Although ProBit Global has never experienced a security breach, its rankings from independent security auditors are average due to the lack of deposit insurance. The platform also lacks several order types, such as Stop Limit and Trailing Stop.

Hodlers & Position Traders: Acceptable Choice

ProBit Global is an acceptable choice for hodlers and position traders. It offers industry-standard security features like 2FA and biometric authentication to safeguard user assets. The platform also provides staking services for passive income, and its selection of assets exceeds the industry average.

However, the absence of Live Chat support may pose challenges for resolving urgent issues. Additionally, the lack of Proof of Reserves and insurance on customer assets could lead to potential losses in the event of a hack.

Leverage & Derivatives Trading: Not recommended

ProBit Global is not recommended for leverage or derivatives trading, as these options are unavailable. Traders looking to diversify their portfolios with riskier assets may consider alternatives like Bitfinex, DigiFinex, or KuCoin.

Auto, Social & Copy Trading: Acceptable Choice

ProBit Global is an acceptable choice for auto trading, though it doesn’t provide any native bots. Instead, it offers official integrations with third-party services like Hummingbot, Deltabadger, and Margin.de.

However, the platform lacks social trading insights and doesn’t support copy-trading features. Traders seeking to copy strategies or access market trends in one place may prefer BitMart or HTX.

Algorithmic Traders: Not Recommended

ProBit Global is not recommended for algorithmic trading. While it provides API access and supports rapid trade execution, it lacks high-frequency trading strategies and a sandbox for testing. Traders seeking these features might prefer platforms like Binance or Crypto.com.

DCA Investors: Acceptable Choice

ProBit Global is an acceptable Choice for a Dollar-Cost Averaging (DCA) strategy. While it lacks native automation tools, it offers official integration with the advanced DCA bot Deltabadger.

Supported Countries and Regions

ProBit Global is available in around 175 countries thanks to its integration with third-party payment gateways. This helps the platform achieve broader coverage compared to its competitors, who rely on in-house fiat gateways and often encounter regulatory obstacles.

However, users in certain regions may face challenges due to geographical restrictions imposed by ProBit Global’s partners. For example, Simplex, which usually offers the best exchange rate, doesn’t operate in the US, Turkey, the Philippines, and some other regions.

In addition, ProBit Global maintains its own list of restricted countries, making its services unavailable in regions such as the United States, Barbados, Bolivia, Burkina Faso, Cuba, Ecuador, Haiti, Iran, Jamaica, Mali, Myanmar, North Korea, Senegal, Singapore, South Sudan, Syria, Venezuela, and Yemen.

ProBit Global Bonuses and Special Offers

ProBit Global does not offer regular or welcome bonuses but frequently runs promotional campaigns, such as AMA sessions, airdrops, and trading competitions. The Announcements Center provides the latest updates.

ProBit Global enables its users to earn additional rewards via a referral program. The program allows users to earn 10-30% of the referees’ incurred trading fees. The size of the reward depends on the amount of PROB staked. To get the highest reward, one must stake at least 100,000 PROB.

Join the exchange using the FXempire affiliate link.

ProBit Global Background

Establishment: ProBit Global was founded in 2017 in South Korea. Later, the company moved its headquarters to Tallinn, Estonia.

Leadership: ProBit Global was founded by Hyunsu Do and Steve Woo. Do left the company in March 2024, while Woo still holds the position of CTO.

Security & Transparency

Verified Trusted Scores

When evaluating cryptocurrency exchanges, we prioritize assessments from reputable independent security auditors like CER.live, CertiK, and CryptoCompare, which examine factors such as liquidity, cybersecurity, and user traffic.

ProBit Global employs standard security measures to safeguard user assets. However, its security rankings are quite low, partly due to the absence of proof of reserves and insurance for both fiat and crypto deposits. Additionally, ProBit’s KYC and AML policies allow unverified users to trade and withdraw up to $5,000 daily, which may impact its overall security score.

Cyber Security Measures. The desktop app offers three types of 2FA: Google 2FA, a Passkey, and a Security Key. During my tests, I could also set up a login password. The mobile app offers biometric authentication in addition to the same security measures.

General Reliability. ProBit Global runs an active bug bounty program via the service HackerProof. Its rewards range between $50 and $10,000 depending on the severity of the discovered bugs, which corresponds with the industry average.

Corporate Communication Structure and Transparency. ProBit Global’s official website doesn’t provide any information about its founders or other key team members, and its official LinkedIn group doesn’t either. However, the company is active on Twitter (X) and LinkedIn and has an active community in its Telegram group.

Know You Customer (KYC)

KYC is not obligatory for ProBit Global users. Non-verified users have access to most features and have a daily withdrawal limit of $5,000. Those wishing to increase this limit must pass verification by submitting the following information:

• Applicant data
• ID document
• Liveness check

During my tests, I easily obtained a fully verified account. The app processed the submitted data in about five minutes.

Is ProBit Global Safe to Trade With?

The lack of insurance for customers’ assets poses a risk of monetary loss if ProBit Global is ever hacked. Additionally, since the platform doesn’t mandate KYC, it could attract users involved in money laundering or other illegal activities.

However, ProBit Global implements industry-standard security measures and has never experienced a security breach. In my opinion, it can be a good solution for active traders, provided they store most of their assets in self-custodial wallets.

Trading Experience

Trading Test

For our trading test, we thoroughly evaluated the ProBit Global platform. Our process included signing up, completing the KYC (Know Your Customer) verification, logging in, depositing funds, and making withdrawals. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Here’s our detailed analysis:

Step 1: Setting Up and Funding Your Account

You can create a new account on ProBit Global by providing an email address. The service is also integrated with Google and Apple accounts.

After signing up, I discovered that most features on ProBit Global are accessible without mandatory KYC. However, I decided to complete the verification process by uploading a passport scan and taking a selfie using my laptop camera. The system handled everything smoothly, and my documents were approved within five minutes.

Since ProBit Global doesn’t support direct fiat deposits, I explored its fiat payment gateways like Simplex and Banxa. However, I opted for a crypto deposit instead, as I had some USDT in my DigiFinex account. The platform generated a USDT deposit address on Polygon, along with a QR code to prevent errors.

Transferring the funds was straightforward, my USDT appeared in the ProBit account within a minute. ProBit Global didn’t apply any deposit fees, which was a nice bonus.

Step 2: Trading

Unlike DigiFinex and other platforms I’ve tested, ProBit Global doesn’t differentiate between account types, so my funds were immediately available for trading.

During my tests, I exchanged USDT for LTC. The platform displayed a pop-up with the order details, and after confirming, the transaction was completed instantly. The trading fee, as shown in the trade history, was displayed in USDT. My calculations confirmed it was 0.2%, exactly as stated on the platform’s fee page.

Step 3: Withdrawal and Review

When attempting to withdraw LTC by pasting my TrustWallet address, ProBit Global flagged it as invalid. Adding it to the address book also failed.

However, adding a MetaMask address succeeded. This suggests ProBit Global may have blacklisted TrustWallet addresses. Consequently, I withdrew funds to my DigiFinex account. ProBit Global charged a 0.005 LTC (approximately $0.44) withdrawal fee, nearly double DigiFinex’s 0.003 LTC (about $0.26) fee.

ProBit Global Desktop Version

As a casual trader, I found the desktop version of ProBit Global fairly straightforward, although the cluttered interface made navigation a bit challenging. The layout is standard, but the number of trading tools is limited compared to competitors like DigiFinex and Crypto.com. What sets ProBit apart are its regular trading competitions with tangible prizes, making it an appealing option for high-volume traders looking to earn extra rewards.

Trade Navigation: In my opinion, ProBit Global’s layout is standard, but the interface feels cluttered due to an excess of small, unnecessary details that create visual noise. I found the scrolling banners at the top and bottom of the page particularly distracting.

Withdrawal Navigation: The “Withdrawal” button is accessible via the drop-down menu under the “Wallet” tab in the top menu.

Order Book: ProBit Global includes a standard order book, which provides a clear overview of all open buy and sell orders for a specific trading pair. The table displays the price, amount, and total sum for each order.

Third-Party Sign-in: The platform allows users to create new accounts via email and integrates with Google and Apple accounts, simplifying the process.

User-Friendly Search Functionality: Users can locate trading tools through a dedicated search field built into the trading interface. The Quick Search feature is also accessible via the hotkey (Ctrl+K).

Wallet Protection Measures: ProBit Global features an address book and highlights the withdrawal address field if there is a typo. Losing assets by accidentally sending them to a non-existent address is impossible.

Conditional Orders: ProBit Global supports Market and Limit orders, with GTC (Good Till Canceled) as the default expiration type for Limit orders. However, the platform lacks other advanced order types, such as Stop Limit or Iceberg orders, which might make it less suitable for traders relying on these features for specific strategies or large trades

ProBit Global regularly conducts trading competitions for specific coins. Users must stake at least 100 PROB tokens to participate, and they can track their positions on the leaderboard. The winners also receive rewards in PROB tokens.

Integration with third-party trading bots. ProBit Global supports integration with third-party trading bots, enhancing its appeal to advanced traders. The platform offers DCA bots through Deltabadger (a leading dollar-cost-averaging bot) and integrates with Margin.de (a crypto trading terminal that features highly customizable bots for Market and Limit orders).

Additionally, ProBit collaborates with Hummingbot, providing access to market-making strategies. However, this feature is limited to users who registered before October 2023.

My Key Takeaways After Testing ProBit Global

ProBit Global’s trading platform offers a broad selection of tradable assets but a relatively small number of trading tools. The platform lacks conditional orders, leverage options, and copy trading.

The exchange may appeal to high-volume traders due to its regular trading competitions, where rewards are paid in its native token, PROB. Holding larger amounts of PROB is also advantageous, as it reduces trading fees. Additionally, the platform supports trading automation through official integrations with external bots like Hummingbot and Margin.de, making it a versatile option for traders looking to streamline their strategies.

Mobile App

The ProBit Global mobile app is available for both Android and iOS. It offers the same functionality as the desktop version but with minor differences. The interface is more user-friendly and lightweight, making the app suitable for beginners in crypto trading.

While testing, I found that ProBit Global offers industry-standard security measures such as phone and Google 2FA, a Passkey, a Security Key, device management, and biometric authentication. When withdrawing assets, the app also allows QR code scanning to avoid typos in wallet addresses.

Key features and tools on ProBit Global Mobile include:

• Trading features: The mobile app provides a slightly different set of trading tools. Only Market and Limit orders are available.

• Market Discovery: The app’s index page includes a block displaying market information, including Top Cryptos, Popular, Gainers, and New Coins.
• All Services: The app features a page listing all available services and tools, simplifying navigation.

• Watchlist Management: A standard star icon allows users to add or remove favorite coins from their watchlist.
• Portfolio Clarity: The app displays coin balances on the Wallet page, including PROB tokens and popular assets like BTC, ETH, and USDT.

My Key Takeaways After Testing ProBit Global on ProBit Global Mobile

ProBit Global Mobile comes with the same tools and features as the desktop version, but the interface is cleaner and more user-friendly, making the app a better fit for beginners. During my tests, the app showed excellent performance, loading all pages without any delay. ProBit Global Mobile also offers robust security measures that can help traders protect their assets in case their devices are stolen or lost.

Fees

Spot Maker/Taker Fees

In our review of spot fees, we examine spot fees across three distinct tiers, focusing on the fees for different trading volumes. We focus on the essentials and potential savings through native tokens and various discount schemes. Our unique methodology provides a clear view of fee structures and how they benefit traders of all levels.

The first tier typically represents casual traders, as they don’t usually trade more than $10,000 per month, while the higher tiers often relate to more advanced traders. Using this method, we’re categorizing users not only by their trading style but also by the amount of money they spend on the exchange.

Additionally, we also compare these fees with industry standards to give a thorough perspective on each exchange’s affordability.

The trading fees at ProBit Global are lower than the industry average, with makers paying the same charges as takers. Such an approach creates balance, encouraging traders to both create liquidity and fulfill existing orders available at a given moment.

Deposit fees

Unlike exchanges like Binance or Crypto.com, which enable direct fiat deposits, ProBit Global integrates different payment gateways like Simplex and MoonPay for fiat-to-crypto transactions. There are no additional deposit fees, but these services usually charge their own fees, which may be rather high, resulting in poor exchange rates.

Withdrawal fees

ProBit Global doesn’t offer fiat withdrawals. To lock in profits, traders can only convert assets into stablecoins. Alternatively, they may cash out their assets on platforms like Crypto.com or Binance.

When withdrawing crypto to my personal wallet, I had to pay a small fee that varied depending on the asset, while internal transfers were free of charge. For Litecoin, I paid 0.005 LTC.

Withdrawing USDT to an external wallet incurred a fee of 2 USDT, which is double the fee charged by BitMart and HTX for similar transactions. However, the fee was transparently displayed on the withdrawal page and deducted from the withdrawal amount.

Fee Discounts

ProBit Global doesn’t offer any volume discounts or promo coupons. Users wishing to reduce fees can do so with the help of its native token, PROB, in two ways:

• Stake PROB. The more tokens staked, the higher the membership level and trading fee discounts. Users staking 1,000,000 PROB or more pay only 0.05% per trade.
• Pay trading fees using PROB. An additional 0.02% discount is applied when using PROB for transaction fees.

Are ProBit Global Fees Competitive?

While trading on ProBit Global, I confirmed that the fees charged matched those listed on the platform’s dedicated fee page, indicating transparency with no hidden charges.

ProBit Global’s trading fees are below the industry average, and PROB token holders can reduce them further. However, fiat-to-crypto transactions via the platform’s partners tend to be more expensive than those on exchanges offering direct fiat deposits.

Keep in mind that fees may vary, so check ProBit Global’s official website for the latest updates. Overall, the platform’s competitive fee structure makes it a solid choice for active traders.

Cryptocurrencies Available on ProBit Global

Stablecoins

There are no fiat-to-crypto trading pairs on ProBit Global. However, most assets can be traded against USDT. Additionally, I found a few other fiat-backed stablecoins, such as TUSD, GUSD, and USDG.

Launchpad

ProBit Global operates its own Launchpad, allowing projects to apply for listing through a form. Users can buy newly listed tokens with bonuses typically ranging from 5% to 25%. However, residents of Singapore, Cuba, Bolivia, and several other regions are restricted from participating in Launchpad sales.

Liquidity

ProBit Global offers strong liquidity for popular assets like BTC and ETH, but many other assets have low liquidity, making it challenging for traders to handle large volumes. During my tests, I found over 100 assets with daily trading volumes under $100. While ProBit Global regularly delists low-liquidity coins, the process appears less efficient compared to platforms like HTX or Binance.

Deposits & Withdrawals

ProBit Global Deposit Options

ProBit Global handles fiat-to-crypto transactions with the help of third-party payment gateways. The platform integrates these services within a single interface, helping users find the best exchange rate in real time.

ProBit Global offers more payment options compared to platforms like Binance and KuCoin. However, the platform’s partners often charge substantial fees that may negatively impact the final exchange rate.

Note that deposit options can vary significantly from region to region. Always check the exchange’s official site for the most accurate and region-specific deposit information.

ProBit Global Withdrawal Methods

ProBit Global doesn’t support fiat withdrawals, but crypto withdrawals are simple and easy to navigate. The “Withdrawal” button is located under the “Wallet” tab in the drop-down menu. Users can transfer assets to external wallets for a small fee or send them to other platform users via internal transfers free of charge.

During my tests, I attempted to withdraw USDT to my Tronlink wallet. Initially, my balance showed as zero on the withdrawal page, despite funds being available. After submitting a ticket to customer support, the issue was resolved, and I was able to complete the withdrawal.

ProBit Global Daily Withdrawal Limits

The minimum withdrawal amount varies depending on the asset. For Ethereum, it is 0.005 ETH, while withdrawing Bitcoin requires sending at least 0.0006 BTC.

Non-verified users can withdraw up to 5,000 USDT daily. After passing verification, this amount grows up to 10,000 USDT. Having activated 2FA, it is possible to withdraw up to 500,000 USDT.

Customer Service

ProBit Global Customer Support Test

To evaluate the quality of customer services for diverse user needs, we created a unique trading test. We personally contact support using all available methods and present hypothetical problems that users might face. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. This method effectively measures the capability of customer support to assist both active traders and casual investors.

While performing my tests, I encountered a problem with withdrawals, as my balance showed zero on the corresponding page. I submitted a ticket on Saturday and received a response on Monday morning. The agent informed me that there was no restricted balance on my wallet. When I checked the withdrawal page again, I was able to successfully retrieve my assets into my personal wallet.

My experience shows that ProBit Global’s support is responsive and efficient. However, the lack of live chat makes it less convenient compared to platforms like Changelly and BitMart.

FAQ

Is ProBit Global trustworthy?

Our research shows that ProBit Global appears to be a legitimate platform with headquarters in South Korea. It runs a bug bounty program and has not experienced any major security incidents.

Can US Citizens Use ProBit Global?

US citizens cannot complete KYC verification on ProBit Global using their documents. However, non-verified users can still buy crypto through the platform’s partners and withdraw up to $5,000 daily.

Has ProBit Global ever been hacked?

ProBit Global has never had any security breaches. Users can boost their account safety by turning on 2FA and other security options.

Does ProBit Global require KYC?

ProBit Global has a KYC procedure, but it’s not mandatory. Non-verified users can withdraw up to $5,000 daily.

Can I use leverage or margin trading on ProBit Global?

No, ProBit Global doesn’t support derivatives trading. The platform offers only spot trading.

Is my money safe on ProBit Global?

According to our research, ProBit Global is a trustworthy platform that offers various security measures, such as 2FA, passkeys, and biometric authentication.

Is ProBit Global regulated?

ProBit Global is not regulated by the FCA or any other official financial authority. However, the exchange implements various security measures and has never experienced any security incidents.

Does ProBit Global offer any bonuses, welcome offers, or referral rewards to its users?

ProBit Global frequently runs promotional campaigns, including AMA sessions, trading competitions, and airdrops. Use our affiliate link to join the exchange.