Coinranking
Coin listings
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Markets
About ProBit
Launched in 2018 by Hyunsu Do and Steve Woo, it’s a centralized crypto exchange with roots in South Korea and now based in Seychelles (ProBit Global), with a Korean arm too. It’s built for traders worldwide, boasting over 3 million users, and aims to be a top spot for crypto action as of May 30, 2025!
What’s Cool About It?
- Trading Options: Trade 485 coins and 600+ pairs like ETH/BTC (with $447M daily volume) across multiple markets, with a 24-hour volume hitting $767M recently—pretty impressive!
- Low Fees: Starts at 0.2% for both makers and takers, dropping to 0.18% if you pay with PROB, and VIP tiers (based on PROB holdings) cut it further to 0.03%.
- Neat Features: Get iOS/Android apps, a Learn & Earn program, staking, IEOs (over 200 rounds), and tools like Grid Trading bots—plus 46 languages supported!
- Wide Access: Open globally (U.S. restricted), with tiered KYC—Level 1 (email) for up to $5K withdrawals, Level 2 (ID) for $500K, no KYC needed for basic crypto trades.
- Solid Security: Claims 95% cold storage, 2FA, and no major hacks since 2018, with a focus on high-speed matching (1.5M orders/second).
What to Watch Out For?
- Regulation Vibe: Seychelles-based with minimal oversight—just GDPR claims—so trust is on you to judge.
- User Buzz: Some love the low fees and token variety, but posts found on X mention withdrawal delays, frozen accounts, and scam rumors—treat this as inconclusive sentiment.
- Liquidity Check: That $767M volume looks big, but a -58.76% drop in 24 hours and a low trust score suggest it might be inflated—smaller pairs could lag.
- Support Hiccups: Mixed reviews on Trustpilot (4 stars) note slow responses and deposit delays, so don’t expect instant help.
- Activity Dip: Recent server issues and a focus on IEOs over core trading might mean it’s less active than it seems.
ProBit’s a solid pick for altcoin lovers and IEO fans with its low fees and global reach, but its regulatory gaps and mixed feedback suggest starting small. Check it out at https://www.probit.com and see if it’s your fit!