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Author Topic: About probit exchage do you have experience to use this exchange?  (Read 147 times)
crairezx20 (OP)
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July 19, 2019, 02:50:56 PM
 #1

Hi guys I just want to ask for those who already use this exchange if this exchange is safe to trade some coins?

I have some altcoin there that listed recently but I'm afraid if I exchange some of my coins then turn my account lock or block if I withdraw them again. Just like what happened to me in some not well-known exchange.

Do you think is it safe to trade in this exchange?
1Referee
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July 19, 2019, 07:52:00 PM
 #2

It's a South Korean exchange, which I by default wouldn't really trust due to how other South Korean exchanges have treated their foreign users.

The positive thing however is that this exchange seperates itself from the rest of the South Korean exchanges were random shitcoins generate 10-100x the volume of their Bitcoin pairs. Probit's Bitcoin pairs generate the most volume which you should expect from an exchange. https://coinmarketcap.com/exchanges/probit-exchange/

They have a decent volume but an awful lot ot shitcoins listed. I think the best thing to do here is to just try out the exchange with a very low amount to see how it works and how friendly it is towards a foreign user. If you can trade and withdraw without problems you could choose to increase the amounts over time. Better safe than sorry.
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July 19, 2019, 11:30:41 PM
 #3

I don't think if this is a Korean exchange look at the registrant contact below.
Quote
Registrant Contact
Name:Super Privacy Service LTD c/o Dynadot
Street:PO Box 701
City:San Mateo
State:California
Postal Code:94401
Country:US
Phone:+1.6505854708
Email:email@superprivacyservice.com

Ow I see they have a Korean version too but it's not a Korean exchange.

They have two exchange the global and the Korean version you can trade on both website. probit.com and probit.kr.

For me, we can use them now but not good to put big amount to risk in this exchange they are still not well-known exchange and I can't find any issue yet here on the forum.

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joniboini
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July 20, 2019, 03:38:04 AM
 #4

Probit Team is South Korean iirc. They ran a bounty campaign previously here https://bitcointalk.org/index.php?topic=5060498.0. Most participants were paid as promised though there are some irregularities here and there.

They ran a lot of IEOs recently and most of them are not listed yet. AFAIK they don't require KYC but has limited volumes for an unverified profile. I trade here a couple of times and never got the problem that you're afraid of. But as always, proceed with caution and DWYOR.


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crairezx20 (OP)
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July 20, 2019, 04:10:38 PM
 #5

I thought there are some traders here who already trade on this exchange.
Anyway I exchange some of the tokens it seems fine but still, I don't trust my coins to hold them there for a long time.

Maybe it is better to wait for another exchange to announce here.
bL4nkcode
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July 21, 2019, 04:58:31 PM
 #6

I don't think if this is a Korean exchange look at the registrant contact below.
[snip]
I'm sure it's covered by whoisguard.

By saying you have coins there, I assume it came from bounty campaigns but the coins only available to that exchange then that's okay since you don't have any choice, you can try to trade them since your coins are already deposited there and if possible don't try to hold your funds there for long time.
 
But if you're saying that you really use the site for your regular trading habit, I'm asking why? While there are some reputed site out there.
I'm not saying that the site is cannot be trusted, it's just that I just heard that site and I'm very skeptical having my coins storing there since most korean exchanges are quite vulnerable of hacking.
milewilda
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July 21, 2019, 10:33:20 PM
 #7

I don't think if this is a Korean exchange look at the registrant contact below.
[snip]
I'm sure it's covered by whoisguard.

By saying you have coins there, I assume it came from bounty campaigns but the coins only available to that exchange then that's okay since you don't have any choice, you can try to trade them since your coins are already deposited there and if possible don't try to hold your funds there for long time.
 
But if you're saying that you really use the site for your regular trading habit, I'm asking why? While there are some reputed site out there.
I'm not saying that the site is cannot be trusted, it's just that I just heard that site and I'm very skeptical having my coins storing there since most korean exchanges are quite vulnerable of hacking.
For an old member who tends on using up an unknown or not popular exchange then most probably he had coins that can be only sold into that exchange which leaves no choice but to deposit into that exchange,its risky but same as suggested pull out funds when you already converted your coins into BTC or other top coins.Theres no reason for you to stay into these exchangers.

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July 21, 2019, 10:39:34 PM
 #8

I traded sold tokens there (veil), I did not have any issues with them, trade went on smoothly and withdrawal was without delays. You can make withdrawal to a certain limit without KYC ( I think 10K USD in 24 hrs). Trade volume for many coins are low, you may want to consider that for your specific coin. I wouldn't leave my coin with them after trade though.
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