The ProBit Exchange Platform
Today’s world has seen a great change, exchanges are moving into the digital world, and with this kind of changes occurring most of the modern market players and investors don’t stand in the trading and bidding halls, where there is an exciting atmosphere that gives them the drive to eagerly get rich. This is because of the use of what we call the internet which has brought about the connectivity of several computers turning our world today into a global village where information can be shared easily and bringing about a system of connectivity where individual are connected together through the use of the internet. This kind of connectivity brought about by the internet has made computer prone to cyber theft and hacking. With this kind of connectivity, one can sit in the comfort of his or her home and participate in several other biddings and exchanges
Since this also applies to exchange platform where the fund is stored on an online wallet in today’s digital world through the use of the internet, a platform called PROBIT was developed to solve all the issues facing the exchange platforms today. PROBIT, as called, has its wallet stored in what we call the cold store which is not affected by internet access making it difficult to hacked and providing that kind of security that investors needs.
Some of the problems facing the cryptocurrency exchange platforms include poor platform security, limited trading pairs, cumbersome and complex user interface, lack of speed. One can not forget that safety and the rest of the stated above are one of the great concern for an investor in the financial sector and also on some exchange platforms in today’s crypto ecosystem.
With thorough and great research and studies done PROBIT team has adopted a more advanced security system and several other features of blockchain technology in creating the PROBIT exchange platform.
Some of the features developed include secured platform to keep it investors funds safe, availability of several trading pairs and providing both an advance and simple interface as well as allowing for about 1500000 exchanges to be made to avoid the waste of time. With all this said, one can say that the main aim of PROBIT is to satisfy it customer by providing them with the stated above by solving all the great problems facing the world of cryptocurrencies today as well as it exchange platforms.
The platform is based on superior technology with a matching engine considered as one of the world’s fastest compared with other well-known platforms. This Exchange platform can handle more than 1,500,000 transactions within one second. With this kind of transaction speed, users can process transactions on the ProBit Exchange platform very fast, and also presents a reliable system which will allow users to take advantage of the crypto market.
Crypto traders are much concern security in terms of which exchange platform they use for trading. Security is one of the highest priority when it comes to the ProBit Exchange Platform. The ProBit Exchange platform is the safest platform that traders can feel secure to invest and trade. The platform has three key security features that make it extremely unique from another exchange platform. These three (3) key features are;
• The platform stores up to 95% and more of digital assets in cold wallet (an offline storage) which reduces the risk of them being hacked to 0%.
• The second aspect is that data is also stored with the strongest encryption algorithm. This data may include privacy information of users and wallets private keys.
• The final part of these security features is that ProBit platform supports FIDO U2F hardware security keys. This hardware runs a software similar to Google’s 2FA authenticator.
Since security is one of the issues that prevent widespread acceptance of cryptocurrency as an investment asset, the ProBit platform has also adopted some additional security protocols in addition to the three key security features. These security protocols include;
• The platform uses HTTPS (SSL) which protect the platform against various malicious attacks such as SQL injection, cross-site scripting and DDoS.
• The ProBit platform sessions are monitored entirely for any form of inactivity and initiate timeout sessions when required.
Looking at the trading environment of ProBit platform, it has a comprehensive interface that presents an equal opportunity for both professional and novice traders to use the exchange platform. A key significant software feature of the platform is the modular dashboard which supports full customization. This allows users to customize the layout on their dashboard which will be built on their preference with only the most relevant and prevalent information. ProBit trading system will support various professional trading options such as:
• Limit trades (GTC, IOC, FOK, Post only order)
• Market trades
• Stop limit trades
In addition to these, the ProBit platform will provide users with a wide range of the most trusted coins and tokens on the crypto market and abundant trading pairs. The base coins for the ProBit platform will be Bitcoin BTC), Ethereum (ETH), Tether (USDT), EOS (EOS) and BoriBit Token (PROB). These coins will be the possible coins traders can trade their coin or token for. The platform will have about 150 and more cryptocurrencies listed on it.
Considering the ProBit platform, the main source of income or revenue will be the trading fees charged on trades done on the platform. This will be done with a base rate of 0.100% for Takers and 0.050% for makers but if the trading fees are paid with PROB (the ProBit’s platform token), a discount of up to 50% will be taken out the initial trading fees.
The Team behind ProBit Exchange platform believes that charging a very low fee to makers (i.e. the base rate of 0.050%) is their commitment to creating abundant liquidity by giving advantages to market making. They believe this pricing, as well as mining of PROB, will encourage liquidity in exchange and provide benefits for makers.
The same applies to exchange platforms that store their majority funds on online wallets. Many of the breaches of exchange platforms that have ever been recorded in the crypto space all stored the funds of its members on online wallets other than cold wallets. Cold wallets are offline wallets that are not connected to any internet hence hackers cannot have an access to such wallets. The good news is that ProBit Exchange platform stores 95% of its funds on a cold wallet making it secure from any loss even if the platform is accessed by unauthorized third-parties. This also means that in case the platform is breached by hackers, the majority of the funds of its members can be refunded.
For more information about ProBit Exchange, visit the links below;
Official Website: http://www.probit.com/#utm_source=content&utm_medium=bi&utm_campaign=12bounty
Telegram: http://bit.ly/ProbitTelegramENbi
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Bitcointalk Username; Tissuecoin
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