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Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Probit | FEATURES | Pdax |
|---|---|---|
|
ProBit supports low minimum trade amounts, making it accessible for beginners to start trading without requiring significant initial investments. |
Minimum Trade |
PDAX allows users to start trading with as little as PHP 50 per single trade, making it accessible for beginners and those with limited capital. |
|
ProBit Global offers competitive trading fees that are below the industry average, enhanced by discounts for using the PROB token. |
Trading and Transaction Fees |
The trading fees range between 0.40% to 0.50%, which is moderately competitive within the region but higher compared to global averages. |
|
With over 500 cryptocurrencies available, ProBit Global provides one of the most extensive selections, catering to traders looking for variety and niche coins. |
Number of Cryptocurrencies |
Supports over 37 cryptocurrencies, which is decent for a regional exchange but less compared to larger international platforms. |
|
The platform supports over 300 trading pairs, offering significant flexibility for trading strategies across a broad range of cryptocurrencies. |
Crypto-to-Crypto Trading Pairs |
PDAX primarily focuses on PHP-to-crypto pairs, limiting options for those looking to trade directly between cryptocurrencies. |
|
ProBit is generally transparent about its fees and operations, though some users may seek more detailed information on certain operational aspects. |
Website Transparency |
The website provides clear information about trading fees, minimum trade amounts, and other essential policies, although some users may find certain operational details lacking. |
|
ProBit does not offer an exchange card for in-store purchases. |
Credit/Debit Card |
This lack of a dedicated card offering means that PDAX users cannot directly utilize their crypto holdings for everyday transactions outside the platform. |
|
ProBit provides secure storage options, including cold storage, although it doesn’t offer as diverse an array of wallet services as some larger platforms. |
Storage Offering |
Provides secure wallet services regulated under Philippine law, ensuring safety for digital assets, though it lacks some of the advanced features found in dedicated crypto wallets. |
|
The platform offers staking options and various rewards through the use of its PROB token, giving users additional ways to earn from their holdings. |
Staking and Rewards |
Currently, PDAX does not offer staking services or rewards, which is a significant drawback for users looking to earn through these mechanisms. |
|
ProBit offers a functional mobile app and a user-friendly desktop platform, though some users might find the features somewhat basic compared to more advanced trading platforms. |
Mobile App and Desktop |
The mobile app is user-friendly and provides a robust trading experience on the go, although the desktop version could be enhanced with additional trading tools. |
|
Customer service is available and generally responsive, but feedback indicates that there is room for improvement in terms of speed and the breadth of support options. |
Customer Service |
Offers multiple channels for support including email and social media, but there are reports of delays and the lack of immediate response options like phone support or live chat. |
|
Deposits and withdrawals are supported efficiently on ProBit, but the options for fiat transactions are limited, and the structure for withdrawal fees can be complex. |
Deposit and Withdraw |
PDAX supports various local payment methods, which is convenient for Filipino users. International users, however, might find options limited. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S