Wondering which one would be suitable for your trading needs, ProBit Global vs Bybit?
If yes, then let me answer the question for you.
Both ProBit Global and Bybit are quite different when it comes to their product offerings.
So there is a good chance that the features you are looking for as a trader might not be available on any of these two exchanges.
But not to worry, as I am going to compare these two exchanges at various key factors to help you make the right decision.
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ProBit Global vs Bybit: At A Glance Comparison
ProBit Global is one of the leading spot trading crypto exchanges out there. The exchange was launched back in 2018.
The best part about ProBit Global is that it allows users to buy and sell crypto using 40 global fiat currencies.
Also, it supports a wide range of payment methods, such as credit card or bank transfer through SEPA and UK Faster Payments via a secure payment gateway.
Bybit, on the other side, doesn’t have it limited to spot trading only.
In fact, it is one of the leading derivative trading platform that allow you to trade in margin, futures, and options markets.
The exchange was established in 2018, and it has quickly become the favourite choice for many traders because of the extensive features it offers.
Bybit is also known for having one of the lowest trading fees and offering high leverage for derivatives trading. Plus, you can use Bybit referral code to get deposit bonus.
ProBit Global vs Bybit: Trading Markets, Products & Leverage Offered
Now let’s talk about what trading markets and other features both these exchanges are offering:
ProBit Global
- Spot Trading
- IEO or Initial Exchange Offering
Bybit
- Spot Trading
- Margin Trading (5x Leverage)
- USDT Perpetual Futures & Inverse Futures Contracts (with leverage between 1x to 100x Leverage)
- USDC Perpetual Futures Contracts (with leverage between 1x to 125x)
- USDC Options
- Leveraged Tokens (2X Leverage)
- Copy Trading
- Bot Trading
Verdict: Bybit stands out as a solid winner. Since the exchange offers way more features than ProBit Global.
ProBit Global vs Bybit: Supported Cryptocurrencies
ProBit Global
ProBit Global supports a vast number of cryptocurrencies. Of course, being an IEO, the exchange is responsible for launching new tokens into the market from time to time.
As of today, ProBit Global features 700+ tokens along with trading pairs. Some of the listed tokens on the exchange are:
- PROB
- BTC
- EDGT
- ETH
- DOGE
- LINK
Bybit
Bybit is also not lacking behind in terms of supported crypto tokens. At the same time, it doesn’t support as many tokens as ProBit Global.
But it features 350+ crypto tokens and trading pairs. Also, Bybit stands out as a clear choice for many new crypto tokens to get launched. Some of the listed tokens on Bybit are:
- BTC
- LINK
- INJ
- SOL
- DOGE
- ETH
Verdict: ProBit Global supports way more crypto tokens than Bybit. Also, it launches new tokens from time to time which would help you diversify your portfolio. Hence, it is the winner for this section.
ProBit Global vs Bybit: Trading Fee & Deposit/Withdrawal Fee Compared
Now the question is, how costly trading on these exchanges are? Let’s now compare the trading fees charged by ProBit Global and Bybit:
ProBit Global Trading Fee
ProBit Global has an interesting way of charging you a trading fee. The exchange has different tiers, which are based on your staked PROB amount.
Additionally, it also offers you a discount on your trading fee when paying with PROB.
Also, the exchange ditched the maker-taker model. Instead, it charges you a flat trading fee, and here is what the whole trading fee program looks like:
| Membership Level | Staked PROB Amount | Trading Fee | Trading Fee (PROB Discount Enabled) |
| Standard | < 500 | 0.2% | 0.18% |
ProBit Global Deposit & Withdrawal Fees
There are two types of deposit/withdrawals method supported by ProBit Global.
First, if you deposit fiat using credit, debit card, SEPA, bank transfer, or any other payment options. Then it will be subjected to a transaction fee.
Secondly, if you are depositing/withdrawing crypto tokens, then for most crypto tokens, there are no deposit fees. But for certain currencies, you would see a deposit fee.
But for withdrawals of any token, you need to pay certain charges.
The fee varies from one currency to another. Also, the fee depends on the blockchain network conditions. Also, you are required to meet the minimum withdrawal amount.
Bybit Spot Trading Fee
Bybit also follows a tiered fee structure. However, its fee structure is much simpler and based on your 30 days trading volume.
However, it doesn’t offer you any additional discount. But you can reduce your trading fee by increasing your 30 days trading volume. The basic fee charged by the exchange is:
- Maker Fee: 0.10%
- Taker Fee: 0.10%
Bybit Futures Trading Fee
For futures trading, ByBit follows a similar structure as spot trading. There are no discounts, and the regular fee stands at:
- Maker Fee: 0.06%
- Taker Fee: 0.01%
Bybit Deposits & Withdrawal Fees
Just like ProBit Global, there are charges when it comes to depositing/withdrawing fiat using payment methods like credit/debit cards, bank transfers, etc.
However, when it comes to crypto deposits, there are no charges. But you have to pay withdrawal fees for withdrawing crypto tokens.
The withdrawal fees vary from one currency to another. Also, a lot of different factors determine the withdrawal fees.
However, if you don’t wish to pay deposit/withdrawal fees, you can use P2P trading at zero cost.
Verdict: Bybit’s trading fee is straightforward and much cheaper than ProBit Global’s. Hence, Bybit is the winner, and you go with the exchange for maximum savings on your trading fees.
ProBit Global vs Bybit: Order Types
ProBit Global
- Limit
- Market
- GTC
- GTCPO
- IOC
- FOK
Bybit
- Limit
- Market
- Conditional
Verdict: ProBit Global is the winner by offering a few extra order types. However, with Bybit’s conditional order type, you can place advanced order types.
ProBit Global vs Bybit: KYC Requirements & KYC Limits
ProBit Global
To trade on ProBit Global, there is no need to verify your identity. However, with basic verification, your deposit and withdrawal limit would be restricted.
To get a higher withdrawal and deposit along with the ability to buy crypto using fiat, you need to verify your account.
By verifying your account, you will get an increased withdrawal limit of up to $500,000. Plus, you will get access to IEO as an early adopter.
But if you want to verify your account, you can still deposit and withdraw crypto from another wallet or exchange.
Bybit
Bybit is also a no kyc crypto exchange. This means you can use the exchange without needing to complete your identity verification.
However, without verifying your identity, you are only allowed to deposit/withdraw funds via another crypto wallet or exchange. And you won’t be able to use P2P trading or deposit fiat.
Rest you are allowed to trade, stake, or enjoy any other feature.
Also, with the basic verification, you are getting a daily withdrawal limit of 20K USDT and a monthly withdrawal limit of 100,000 USDT.
KYC Limits
ByBit has two different levels of KYC. These are:
| Level 1 | $20 K Daily fiat top-up | 1,000,000 USDT daily coin withdrawal limit |
| Level 1 | $100 K Daily fiat top-up | 2,000,000 USDT daily coin withdrawal limit |
Verdict: As both exchanges can be used without completing your KYC, it is a tie between the two.
ProBit Global vs Bybit: Deposits & Withdrawal Options
ProBit Global
- Method 1: Buy crypto using payment options like Banxa, Legend Trading, Guardarian & MoonPay.
- Method 2: Deposit or withdraw crypto tokens using another crypto exchange or wallet.
Bybit
- Method 1: Buy crypto using payment options like bank card, AirTM, Advcash, Zelle, Wise etc.
- Method 2: Deposit or withdraw crypto tokens using another crypto exchange or wallet.
- Method 3: Use ByBit P2P trading to deposit or withdraw funds.
Verdict: ByBit offers you a few extra ways to deposit and withdraw funds. So it is the winner for this section.
ProBit Global vs Bybit: Trading & Platform Experience Comparison
ProBit Global
- Technical chart powered by TradingView
- Multiple trading pairs
- Trading pair details
- Easy-to-use order form
- Open orders, order history & trade history
- Dark mode support
Bybit
- Multiple technical charts, including TradingView
- Trading pair details
- Order book & Recent trades
- Positions, Current orders, order history, trade history & closed P&L
- Easy-to-use order form
- Easy-to-use mobile app
To know more about the exchange, here is a quick guide on How to use Bybit.
Verdict: Without any doubt, Bybit is a much better choice and the winner when it comes to having a better trading experience. Bybit is much more advanced and offers you tons of features, advanced order types, and deep liquidity compared to ProBit Global.
ProBit Global vs Bybit: Customer Support
ProBit Global
ProBit Global doesn’t offer extensive ways to contact the support team. Instead, the only option it offers is raising support tickets.
However, they do have a faster response time. Apart from support tickets, there is no live chat or support through the social media option.
Bybit
Unlike ProBit Global, Bybit does offer you multiple ways to contact the support team. First of all, you can contact them via the live chat option available on the website.
Secondly, you can also contact them through email.
Or you can reach out to them on Twitter. Overall, the exchange also has a quicker response time and different help guides. So you can solve your queries at the earliest.
Verdict: As ByBit offers multiple ways to contact the support team, it is the winner.
ProBit Global vs Bybit: Security Features
ProBit Global
- Two-factor authentication
- Device management
Bybit
- Two-factor authentication
- Fund Password
- Anti-phishing Code
- Real-Time Monitoring
- Withdrawal Address Whitelist
- Withdraw via Address Book
- Trusted Devices Management
- Triple Layer Asset Protection & Platform Security
- Advanced-Data Protection
Verdict: Bybit is the clear winner because of the amount of security features it offers. On the other hand, ProBit Global’s security features are pretty limited.
Is ProBit Global Safe & Legal To Use?
ProBit Global is definitely the safe and legal platform for crypto trading. It uses a combination of advanced security features and cold storage to keep its user’s data and funds protected.
Plus, it supports multi-factor authentication and keeps more than 90% of assets in offline storage.
Also, the exchange has received the Information Security Management System (ISMS) certification, which only ensures that your funds are safe and protected.
Is Bybit Safe & Legal To Use?
Bybit is known as one of the reputable platforms for trading cryptocurrency derivatives.
The exchange doesn’t have any history of security breaches, and it uses cold storage to keep its users’ funds protected.
Along with that, it also has implemented several security features to ensure users’ safety and security. Plus, users are also getting an extensive amount of security features.
ProBit Global vs Bybit Conclusion: Why not use both?
ProBit Global and Bybit are both reputable exchanges in their respective fields. However, from a trader’s point of view, Bybit is a better choice.
The exchange allows you to trade in multiple market types, offers you higher leverage, and has lower trading fees.
But ProBit Global is also a great exchange. If your primary goal is crypto investing and not trading, then the exchange would surely meet your needs.
Our 2023's Recommendation |
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See how ProBit Global & Bybit compares to other exchanges:
