FibitPro Review 2023: Scam Or Safe? In-depth Research Report

Fibitpro review

FibitPro Review 2023: Scam Or Safe? In-depth Research Report

Table of Contents

FibitPro is a state-of-the-art discount broking Crypto exchange created especially for Indian Crypto investors & traders. The exchange platform has been active since 2019. Despite being in the industry for such a considerable time, the lack of information about the platform has put its potential users in utmost perplexity. So we took it to ourselves and decided to create a deeply analyzed report through the detailed FibitPro.com Review. 

At a glance, the exchange platform looks a little different from regular Crypto exchanges. The interface seems easy and quite impressive. Furthermore, FibitPro’s NFT marketplace and staking features make it stands out. The listing doesn’t end here, and not our testing. 

We have evaluated the exchange’s services based on various aspects, which majorly include its legitimacy, safety and product listing. This FibitPro Review will have comprehensive insights into the exchange, so in the end, you’ll be able to make a more informed decision. 

What is FibitPro Exchange?

FibitPro exchange is an Indian-based Crypto investment platform that allows users to invest, trade and stake cryptocurrencies all in one place. 

The platform claims to be the world’s first discount broking Crypto exchange. To what extent are these claims true, we will find through our detailed FibitPro review. 

In addition to Crypto trading, it offers an NFT marketplace for NFT trading, Fixed deposit and Staking features, which allows Crypto traders to earn passively with the platform. 

Is FibitPro Safe Or Scam?

We discovered that FibitPro.com is extremely safe after thorough research. As a Crypto exchange, it is exempted from abiding by any regulations, but its proven track record in the Indian financial market speaks a lot about its legitimacy. 

Additionally, the platform’s methods and costs are transparent to provide you with a better trading experience. Meanwhile, the exchange keeps clients’ funds segregated from the company’s funds, ensuring the funds’ safety. 

Even though the platform is not regulated, our previous review indicated that individuals were very much satisfied with it, and that’s the reason why it managed to secure a 4.5/5 star rating on Trustpilot. 

Who Are Its Target Traders?

Although anyone with Crypto trading experience can trade on FibitPro, the platform’s advanced features & sophisticated user interface makes it more suitable for professional traders. The platform can be unintuitive to new users, leading to frustration and mistakes. 

The platform offers all the necessary tools that help expert traders to complete their trades without any hassle. Meanwhile, the fee structure remains the same for all sorts of traders. At the same time, most of this exchange clientele is from India. 

What Cryptocurrencies Are Available On FibitPro.com?

The exchange platform offers 30+ Cryptocurrencies to trade against USDT, BTC and fiat Currency – INR. The prices of these Crypto coins are listed with ticker symbols, so you can have a better idea of their current value. 

According to our analysis report from FibitPro Review, the platform’s coin listing isn’t much impressive and comparatively lower than their Crypto exchanges. 

Let’s have a look at the available Cryptocurrencies on the platform: 

  • 1INCH
  • Cardano
  • ALPHA
  • BAKE
  • BAT Coin
  • BNX
  • BTC
  • BUSD
  • CAKE
  • CNC
  • COMPOUND COIN
  • CREAM
  • DOGECOIN
  • ETHEREUM
  • FibitPro Coin
  • LOOM
  • MARS
  • MXBU
  • NFC
  • SHIB
  • SRC
  • SXP
  • UNI
  • USDC
  • WIN
  • XEC
  • XRP
  • XTZ
  • ZEC
  • ZIL

How To Get Started?

Getting started on the FibitPro exchange is quite easy; all you need to do is create an account, make funding and start trading with your preferred Cryptocurrency. Here’s a step-by-step process to get started on the exchange. 

Opening An Account: How To Open An Account on FibitPro?

Unlike many other Crypto exchanges, which require a lengthy registration process, the Fibitpro account opening is quick and hassle-free. Just visit the official website -www.fibitpro.com and click on the ‘Register’ icon. Now, fill in the following data:

  • Name (first and last)
  • Password
  • Phone number
  • E-mail address

After completing the account registration, upload a scanned copy of your government-issued documents to verify your account. Now, sign in again using the Fibit Pro.com login credentials to start trading right away. 

Account Deposits & Withdrawals

The platform supports all major fiat payment methods for deposits and withdrawals. Meanwhile, there is a Crypto wallet – Fibit Pro.com Wallet that allows convenience deposits and withdrawals. 

Users can deposit funds into their Fibit wallet through the following payment methods:

  • Bank Transfer
  • Credit/Debit Cards
  • E-wallets

Main Features & Unique Offerings of  FibitPro

Main Features & Unique Offerings of  FibitPro

For people planning to trade with Fibit, we have compiled a list of a few features that make it stand out from other Crypto exchanges. 

NFT MarketPlace

The exchange offers a dedicated NFT marketplace that allows investors to buy, sell or trade NFTs. However, we didn’t find anything special on this platform. 

Crypto Staking

The staking feature allows investors to stake their FBT coin in decentralized pools to earn APY upto 180%, which is quite impressive. 

Crypto Fixed Deposits

Crypto FD is probably the unique feature of the platform, which allow investors to earn upto 14.70 % APY. 

Learning Program

Fibit’s team channel offers detailed Crypto learning programs. And the best part is they are free to participate. Additionally, you can read trading-related blogs on the website. 

Bonus

The exchange platform offers FBT tokens upto 100 INR on successful completion of KYC applications. 

FibitPro Token (FBT)

FBT is a utility token on the Fibit ecosystem. With this Coin, traders can have discounts on trading fees, play games and fund their accounts. The total supply of the token was capped at 223,00,00,000, from which 30% were sold as tokens and the rest were issued to the group and angel investors. The current FibitPro Coin price is $0.000911. 

Fibit Play

FibitPlay Gaming is the unique feature that distinguishes the platform from others. The platform users can play games like Teen Patti, Poker, Rummy, Ludo & Roulette and can use Fibit Token as chips for real money. 

Refer & Earn

The FibitPro referral program is unique in the sense it offers a higher payout than other Crypto exchanges. After signing up, you can earn through the refer and earn program. Upon successful account creation, you can earn by sharing your unique Fibit Pro referral code. 

FibitPro Fees & Other Charges

As a discount broker, Fibitpro offers a low-cost trading experience. And when we analyzed its fee structure, all these claims seemed true. The trading fee and all other charges associated with it are comparatively lower. Here’s a fee model for Fibitpro: 

  • Trading Fees – 0.1% or $1, whichever is lower
  • Exchange Fees – 0.1 (fixed)
  • Withdrawal Fees – Chargeable (but exact amount unknown)
  • Margin Fees – Chargeable (but exact amount unknown)

 

Available Trading Platforms of Fibit Pro & User-Friendliness

Available Trading Platforms of FibitPro & User-Friendliness

The traders can get started with the platform through its web-based platform or a proprietary mobile application available for iOS and Android. The user interface of both these platforms was clean and sleek. Let’s find out all the features of these platforms. 

Web-Based Platform

  • Simple & Lucid User Interface
  • Sleek design
  • Trading chart
  • Quick navigation functions between pairs
  • Favorite pair selection and many more

FibitPro App

  • Available for both iOS and Android                
  • Trading chart
  • Quick navigation functions between pairs
  • Favorite pair selection and many more
  • Straightforward User Interface
  • Sleek design

Customer Support Service

The 24×7 customer support offered by the Crypto exchange is average, with no dedicated phone support. The only way to contact customer support is by raising a support ticket or E-mail. 

The unavailability of phone support is somewhere considered the platform’s downside. Meanwhile, e-mail support also takes longer than expected time to address users’ complaints. 

Final Verdict On FibitPro Review

The detailed analysis report based on FibitPro Review indicates the platform to be well-suitable for experienced Crypto traders. Meanwhile, beginners may find it a little advance & sophisticated.

The stand-out features of FibitPro exchange include low fees, fixed deposits, staking, and gaming. However, the biggest drawback of the platform includes its unregulated nature, below-average customer support, and unavailability of some major Crypto coins. 

In the end, if you ask our opinion, we wouldn’t recommend the platform, especially to beginners. You should opt for a safer trading platform like Capitalix or InvestFW

FAQs

How To Deposit Funds In Fibit Pro.com?

To deposit funds on the platform, follow these steps: 

  • On the dashboard, click on ‘Deposit’ and now enter the amount. 
  • Choose your preferred payment method. 
  • Submit your request and the funds will be deposited in your wallet instantly. 

How To Withdraw Money from Fibit Pro.com?

To withdraw funds from the platform, follow these steps: 

  • On the dashboard, click on ‘Withdraw’ and now enter the amount. 
  • Choose your preferred payment method. 
  • Submit your request and the funds will be credited in your source account in 3-5 business days. 

How To Transfer Crypto From FibitPro To WazirX?

To transfer Cryptocurrency from Fibitpro to WaziX, follow the below-mentioned steps:

  • On the dashboard, Click on the ‘Withdraw’ icon. 
  • Now, choose the Cryptocurrency, WazirX wallet transfer & destination tag. 
  • Verify all details and click on the Submit button. 

How To Delete Fibit pro.com Account?

To delete your Fibit account, raise a request with the customer support team. After submitting the request, the team will take action in 3-5 business days. 

What Is FibitPro Customer Care Number?

The FibitPro exchange lacks dedicated phone support. However, users can still raise complaint requests with the team through E-mail. 

Is FibitPro Scam?

The platform is not a scam but a legit Crypto exchange. Although it lacks regulatory approvals, the platform holds a good reputation in the market. 

What Is Your Review Of FibitPro?

The exchange is more focused on experienced Crypto traders. The stand-out features of FibitPro exchange include low fees, fixed deposits, staking and gaming. Overall, the FibitPro exchange is better than other Crypto exchanges in India. 

Who Is FibitPro Owner?

Varsha Dusane is the business owner of Fibitpro. 

What Are FibitPro Reviews?

According to the Fibitpro reviews, the platform has managed to secure 4.1/5 star ratings on Trustpilot.

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