Probit Global is a centralized cryptocurrency exchange (CEX). It’s the international version of a South Korean platform. The Probit Global crypto exchange offers a broad range of financial services, including spot trading, cryptocurrency purchases, and staking.
Probit Global is compliant with Know Your Customer (KYC) regulations. Users from more than 30 countries, including North Macedonia, Singapore, and the USA, are excluded from services that require KYC compliance.
The Probit Global spot market is the main service offered by the platform. Derivatives trading, such as futures and options, is unavailable. The platform does not support margin trading. However, leveraged tokens can be listed.
The platform supports crypto-crypto trading. While the platform does not list fiat currencies, stablecoins such as Tether (USDT) are available. The catalog contains more than 700 Probit Global trading pairs and over 500 digital assets.
Among the listed assets, customers can trade DeFi coins on the Probit Global spot market. This enables a one-stop shop to build a DeFi portfolio. DeFi coins on Probit are not subject to Ethereum gas fees.
Probit Global hosts its native asset, the Probit Token (PROB). It can be used for staking. Asset holders are eligible for discounted fee rates. PROB can be purchased on the platform using USDT as the payment method. You can learn more about the Probit Global crypto price and market performance by clicking here.
Although fiat currencies are not listed in the market, they can be used for credit card cryptocurrency purchases. The Probit Global crypto exchange supports more than 40 currencies. At the time of writing, five crypto assets can be purchased, including Bitcoin (BTC), Ethereum (ETH), and the USD Coin (USDC).
Customers can manually set up their preferred strategies or use one of the available automatization tools. Grid Trading enables traders on the Probit Global cryptocurrency exchange to place multiple buy/sell orders using a single trading pair. This service uses trading bots to execute orders automatically.
The Probit Global crypto fees are based on a multi-tier platform. Aside from the Standard tier, there are 11 VIP levels. By default, the trading fee is 0.2% without distinguishing between maker or taker fees. However, users that pay the fee with PROB have the rate reduced to 0.18%.
The VIP tiers are determined by the user’s PROB holdings, regardless of the Probit Global trade volume. Tier 1 requires at least 500 PROB tokens to be staked. The trading fee is reduced to 0.19%, or 0.17 if you pay with PROB.
The fees are proportionally reduced at each tier. Users holding at least 11 million PROB are considered VIP 11 and pay 0.05%. If the Probit Global crypto fee price is paid in PROB, the rate is reduced further to 0.03%.
There are no deposit fees on the platform. The withdrawal fees are asset-specific and dynamic. Users must pay a network fee for each withdrawal. While the fees are usually paid in the withdrawn asset, if the Probit Global volume and liquidity for the token are low, the payment must be made using mainnet coins.
Users that participate in the Referral Program can earn up to 30% of the Probit Global exchange fees if the users they invited trade actively. The referral rewards are paid out daily.
In addition to the Probit Global cryptocurrency exchange, the platform hosts additional financial services, such as staking and the Learn & Earn program. Additionally, Probit Global offers a native digital wallet where users can store their crypto assets.
Learn & Earn is a crypto education platform. Users can take courses on crypto-related topics, complete quizzes, and receive tokens as rewards.
Probit Exclusive is a subscription service that grants exclusive Probit Global crypto price rates. Users subscribe by staking PROB tokens. With the Exclusive plan, some assets can be bought at a 50% discount.
Probit IEO is a fundraising platform for new and upcoming blockchain startups. Developers can list their projects. Investors choose which projects to fund. At the end of the events, developers receive the project funding, while investors can earn the tokens in return. New assets may be listed on the Probit Global cryptocurrency exchange.
Developers can access open-source API documentation. This tool allows users to access data such as live market performance, order history, and balance.
About the Company
The Probit Global crypto exchange was founded by Hyunsu Do and Steve Woo in November 2018. While the company was launched in South Korea, its current headquarters are registered in Seychelles. Ronald Chan leads the global department.
On its third anniversary in November 2021, it was announced that the company surpassed 2 million registered users.
While Hyunsu Do and Steve Woo represent the Korean branch of the company, Ronald Chan is the CEO of the Probit Global crypto exchange. Chan studied Business Administration in International Trading at Singapore Management University. He was also part of the Huobi Singapore founding team.