Probit Review: Pros, Cons, and More
You need to deposit funds into your ProBit account before you can buy and sell tokens. The main assets that can be traded on ProBit are coins that pair with Bitcoin (BTC), Ethereum (ETH), or Tether (USDT), so you need one of the three to start.
ProBit’s platform has a typical trading dashboard. It lists coin trading pairs on the left side of the screen, a chart that shows price movement and trading volume in the center, and the “order book,” or trade feed, on the right side. Beneath the order book are “Buy” and “Sell” boxes to place orders. The dashboard allows four kinds of limit orders to help traders minimize losses and maximize profits.
Staking is a way to earn profits with your unused coins on an exchange. ProBit offers a lot of different tokens and lockup periods. The rewards vary based on the token and lockup length. Heavy ProBit users should consider staking the ProBit utility token PROB to receive trading fee discounts, staking rewards, and referral bonuses.
ProBit Exclusives and VIP Membership Levels
To benefit from ProBit Exclusives, which lets you buy established coins at a discount before they list on ProBit, you must stake a minimum of 500 PROB. You must agree to lock up that staking amount for 180 days, and this also automatically enrolls you in the first level of VIP Membership.
As of this writing, there are 11 VIP levels. Each level requires a larger number of staked PROB, and has lower exchange fees than the lower levels.
The exchange has a native wallet, only accessible by downloading the wallet app separately to a desktop. We could not find a mobile digital wallet app for ProBit on Android or iOS app stores.