INTRODUCTION

The financial system has undergone several changes for quite some years now advancing from the use of only fiat currency to the use of electronic payment system. About a decade ago another payment method was introduced by a crypto enthusiasts popularly known as Satoshi Nakamoto. Cryptocurrencies were developed to be a digital system of payment which was very secured, fast and users had to bear little transactional cost compared to the use of both electronic and fiat currencies. Initially many people were against the use of cryptocurrencies describing it is some sort of scam but the pioneers of cryptocurrencies saw the liberty that the world could have by using cryptocurrencies to make payments and kept up with the good work.

Gradually many countries and nations are starting to embrace the use of cryptocurrencies as another medium of making payment for transactions. Also, several online marketing platforms such as Amazon, Ebay and other companies like Samsung have announced the future acceptance of cryptocurrencies as a medium of payment for transactions. Even though bitcoin was the first cryptocurrency to be generated several other cryptocurrencies such as Ethereum, Litecoin, Dash, Ripple, Stellar Lumens etc. Crptocurrencies these days are mostly used as an asset for investment and exchange platforms are the medium through which people get to invest into projects that are flooding in the cryptospace. There are numerous numbers of exchange platforms but prominent among them are Binance, Bittrex, Cryptobridge, Coinbene, Ethfinex etc. These exchange platforms have served the cryptospace for a while but have not given the best of services to the crypto community.

It is based on these setbacks that existing exchange platforms are facing that Probit has developed an exchange platform with the very best of security features for cryptopreneurs.

SETBACKS FACING EXISTING CRYPTOCURRENCIES EXCHANGE PLATFORM.

Poor Platform Security

Safety of funds is one of the major concerns of most investors both in the financial sector but what do we see some exchange platforms in the crypto community? We do hear of exchange platform from time to time where investors lose their funds without any form of reimbursement. About some months ago a Coinrail was hacked and robbed of cryptocurrencies worth about $400,000 US and about a week [Coincheck](https://www.ccn.com/infamous-crypto-exchange-coincheck-unsure-about-reopening-after- 500-million-hack/) has shut down without any hope of returning into operation after it was hacked of funds worth $500 Million US. News of this nature brings about fear into most cryptopreneurs and other investors who engage in trading activities on several exchange platforms. 

Day Traders most especially are greater risk of losing huge amount of funds as they engage in daily trading on several exchange platforms and the high volatility of cryptocurrencies sometimes make it a little bit inconvenient from moving funds in and out of exchange wallets. The number of exchange platforms that have had security breaches on their platforms are uncountable and this is really tarnishing the image of crypto investments even though it is much way profitable than bank investments. Issues of insecurity on exchange platforms have contributed to the long argument of whether cryptocurrencies should be legalized or not.

Limited Trading Pairs

Everybody knows perfectly that bitcoin and Ethereum are the major cryptocurrencies in the crypto community but must it always be these two cryptocurrencies that crypto enthusiasts can trade in? No, because this system limits traders in their activities especially when they wish to trade in cryptocurrencies such as Litecoin, Tether, EOS, Ripple etc. Traders who might not have either Bitcoin or Etheruem would have to spend extra cost of money to purchase them in order to conduct trading on most exchange platforms.

Complex and Cumbersome User Interface

Most exchange platforms that are circulating in the crypto community have poor defined interface that enables users to conduct trading with ease. Most existing exchange platforms do not factor in the designing of their platform that day in and day out the crypto community is flooded with crypto noobs who need very simple and basic user interface which they can conduct their trading activities. These complex and cumbersome user interface of some exchange platforms make it uncomfortable for investors to purchase cryptocurrencies.

THE SOLUTION PROBIT OFFERS IN TERMS OF CRYPTOCURRENCY EXCHANGE PERFORMANCE

The Team of ProBit have adopted several features of the blockchain technology and the most advanced security systems in developing the ProBit exchange platform which would be launched soon. Below is a short review of the advanced ProBit Exchange platform.

Secured Platform to keep the funds of Investors safe

Probit understands the essence of security when it comes to safe keeping of funds of its members hence have put in the very best of security features that would prevent unauthorized access of third-parties to have access to the funds of users on the platform. First of all, ProBit is among one of the few exchange platforms that stores majority of funds of their exchange platform in cold wallets which can not be accessed by hackers in case the security of the platform is breached. To add to the level of security measures on the platform ProBit combines both Fast Identity Online and Universal 2nd Factor to help in the authentication process when users are logging in and accessing their funds on the exchange platform. Furthermore, it also timely log out sessions and 2FA Security either in the form of google authenticator or sending SMS to ensure that visitors who mistakenly have access to the computers of registered users would not be able to conduct any transaction with the funds of users. With all these security measures in place you can be rest assured that the funds of users on the platform are very secured.

Provision of both Simple and Advanced User Interface

There are different types of crypto traders within the crypto community with some being experienced and others having moderate knowledge about trading. In view of this, ProBit satisfies both customers by developing two user interfaces which are an advanced and basic interface so that users can easily switch to the interface that is suitable to them. This would solve the problem that most crypto noobs face on several exchange platforms. The user graphic interfaces of both the advanced and basic interface are well-defined with clearly labels that would guide users in their trading activities.

To make things a bit different from other exchange platforms, ProBit allows users to customize their exchange dashboard and add up certain features that they wish to see on the platform.

Availability of Several Trading Pairs

The days of only Bitcoin and Ethereum trading pairs are over with the upcoming of ProBit Exchange platform which provided its users with about five trading pairs that is Bitcoin, Ethereum, Tether, EOS, ProBit Token. By granting users the ability to conduct trading with several cryptocurrencies it will save the extra cost of transaction that traders have to incur when converting cryptocurrency to another. Users would have the flexibility of trading with all these pairs of cryptocurrencies on the ProBit Exchange platform.

To compound to all the features of this platform, ProBit Exchange would be accessible on all smart devices and also compatible with the Operating Systems available being it Android or IOS. Most traders face the problem of not having all the features of some exchange platform on some browsers and other devices but ProBit provides all features no matter the browser or operating system you are using.

TOKEN AND TOKEN SALES

The ProBit token (PROB) is the utility token at ProBit Exchange. PROB provides benefits for traders including trading fee discounts, voting rights for listing of new tokens, increased referral bonus, and early access to new features on the platform. PROB is currently in the Pre-Sale phase where participants can get a special 10% bonus upon purchasing the ProBit Token.

ROADMAP

TEAM MEMBERS

This project is backed by a group of hardworking individuals who have gained in-depth experience in their various fields of discipline. Their hardworking spirit towards this project has led them to develop a demo version of the platform already and are fully poised to launch the full version in no time. Below are some of the team members, please refer to the whitepaper to get to know the entire team behind this project. 

(CONCLUSION)

As a crypto enthusiasts and an investor myself I urge all investors to put their funds into projects that have developed their products to a certain level than just to invest in a bunch of ideas which sometimes don’t get realized. Here Probit has a working demo platform you can try it out and have a feel of how this exchange platform would serve the crypto community.

For more information:

• Pre-Sale: https://www.probit.com/en-us/pre-sale
• Website: https://www.probit.com/en-us
• Whitepaper: https://www.probit.com/assets/whitepaper/whitepaper_probit_en.pdf
• Telegram: https://t.me/ProbitEnglish
• Facebook: https://www.facebook.com/probitexchange
• Twitter: https://twitter.com/ProBit_Exchange
• Medium: https://medium.com/@ProBit_Exchange
• Linkedin: https://www.linkedin.com/company/probit-exchange/
• Bitcointalk thread: https://bitcointalk.org/index.php?topic=5060498.0 

Author:

• Bitcointalk username:  princessjenyz 
• Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=889812;sa=summary