Toobit is a rising star in the cryptocurrency exchange world, offering you access to a wide range of digital assets and an intuitive trading experience. With over $15.6 billion in futures trading volume, this platform has quickly gained traction among both novice and seasoned traders. Its user-friendly interface makes it easy for you to navigate and trade, while advanced security measures ensure your assets and data stay protected.

However, with so many exchanges available, it’s essential to consider if Toobit fits your specific trading needs. While the platform excels in market diversity and ease of use, it’s always wise to explore other options to find the best match for your goals. Be sure to check out our guide to the best crypto exchanges for a broader comparison and make an informed choice that suits your trading style.

Stats	Toobit
🚀 Founded	2022
🌐 Headquarters	Cayman Islands
🔎 Founder	Ray Lee
👤 Active Users	500K+
🪙 Spot Cryptos	474+
🪙 Futures Contracts	171+
🔁 Spot Fees (maker/taker)	0.20% / 0.20%
🔁 Futures Fees (maker/taker)	0.04% / 0.06%
📈 Max Leverage	150X
🕵️ KYC Verification	Not Required
📱 Mobile App	Yes
⭐ Rating	4/5
💰 Bonus	$9,210 (Claim Now)

 

Toobit Overview

Toobit is a cryptocurrency exchange established in 2022 and headquartered in the Cayman Islands. It supports over 474 cryptocurrencies for spot trading and 171+ futures contracts, with leverage available up to 150x. No KYC is required for basic access, and unverified users can withdraw up to 1 BTC daily. Higher KYC levels unlock larger limits, reaching up to 50 BTC per day.

The platform’s futures segment sees much higher activity compared to spot, with daily volume exceeding $1.3 billion. Spot activity remains limited by comparison. Users can trade via web or mobile, with the Toobit app holding a 4.5-star rating on the Play Store. The interface includes live order books, charting tools, and various order types. Copy trading is also available for those who prefer to follow the strategies of experienced traders.

Toobit has also introduced a DEX platform that supports on-chain trading of Solana-based tokens, including memecoins and select stocks. This allows users to access decentralized trading directly from their wallets without going through the centralized exchange. Forex trading is also integrated into the platform, broadening its appeal beyond just crypto assets.

Deposits can be made using cryptocurrencies or third-party fiat gateways such as Banxa and Simplex, supporting currencies like USD, EUR, and GBP. Withdrawals, however, are limited to crypto only. Customer support is offered 24/7 via live chat and email, though response times and resolution quality may vary.

 

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Toobit Sign Up and KYC

Toobit is a great no-KYC crypto exchange, but verifying your identity unlocks more benefits and services. To get started, visit their website and click “Sign Up.” After that, all you need to do is provide a valid email or phone number, create a password, and check your inbox for the verification code to access your account.

While KYC isn’t required for deposits, trading, or withdrawals, completing it will give you full access to all platform features. Simply upload your personal info and a valid government-issued ID. Once verified, you can deposit funds and trade freely on Toobit!

 

 

Toobit Pros and Cons

👍 Pros	👎 Cons
✅ User-friendly trading interface	❌ Relatively new platform with limited reputation
✅ Integrated with TradingView	❌ Limited amount of supported cryptos
✅ Supports forex and on-chain trading features	❌ No proof of reserves
✅ Access to a DEX for trading Solana-based tokens and memecoins	❌ Spot trading tools and features are basic
✅ 24/7 customer support via live chat and email
✅ Offers up to 150x leverage on derivatives and perpetual contracts
✅ Adequate security

 

Toobit Fees

Toobit provides you with a comprehensive range of cryptocurrencies to trade, all within an interactive trading window. You can easily customize the tools, charts, and indicators to fit your trading style.

Integrated with TradingView, the Toobit trading window offers the right indicators along with pre-built strategies to help you make informed decisions while trading. Whether you’re interested in spot, futures, demo, lite perpetual, or copy trading, Toobit ensures you have a complete trading experience at your fingertips.

 

 

Toobit Deposit and Withdrawal Methods

Fiat

When you’re ready to move your funds in and out of Toobit, the platform makes the process smooth and flexible. But here’s the key – Toobit doesn’t charge any direct fees for deposits or withdrawals. Instead, they partner with well-known third-party providers like Moonpay, Advcash, and Simplex, each with its own fee structure.

This means you have the freedom to choose a service that suits your needs, whether it’s speed, convenience, or affordability you’re after. Keep in mind, the fees aren’t set by Toobit, so you’ll want to check the rates from these providers before making a move.

 

Crypto

If you want to deposit your cryptocurrency directly into your Toobit wallet, you won’t face any fees from Toobit itself, you’ll just need to cover the gas fees. Keep in mind that these gas fees can vary based on the network you’re using for the deposit.

 

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Toobit Trading Platform

Toobit supports spot, futures, and demo trading, giving users access to essential tools and features across different market strategies.

 

Spot Trading

If you’re interested in low-risk but more options for trading, Toobit could be the right choice for you. With over 474+ cryptocurrencies to choose from, including BTC, ETH, SOL, and Doge, along with 100 high-quality trading pairs, you can be sure to find some of the hottest crypto in the market.

Plus, with TradingView integrated into the interface, users have access to familiar charting tools for technical analysis. As for fees, Toobit charges a flat 0.2% for both makers and takers on spot trades, which is higher than many competing platforms that offer tiered or discounted structures.

 

Derivatives Trading

Toobit offers you the opportunity to start your futures trading with the right tools and analytics, supporting over 171+ cryptocurrency pairs. Since futures trading is often used by experienced traders who opt for higher leverages, Toobit provides leverage of up to 150X to let you experience the thrill of futures trading. The fees are 0.04% for makers and 0.06% for takers.

 

Demo Trading

If you’re more of a hands-on learner, demo trading on Toobit lets you practice without any financial risk. It’s a great way for you to sharpen your skills in a completely safe environment. Demo trading gives you the space to experiment and get comfortable with the platform before putting any real money on the line.

By practicing in real-market conditions without the fear of losing your capital, you can build the confidence needed to take on live trades. Toobit gives you the tools to learn, experiment, and grow, making your path in the crypto world far less daunting.

 

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Toobit Products and Services

The Toobit features kit may not be as comprehensive as some other exchanges that offer web3 wallets, credit card integration, NFT marketplaces, and more crypto tools. This could be because Toobit focuses on providing a complete earning experience from crypto, keeping the platform simple and easy to navigate. With features like crypto trading, passive earning opportunities, demo trading for beginners, and low fees, you can consider Toobit a solid exchange if you want to concentrate solely on the trading aspect of the crypto world.

 

Toobit Trading:

Toobit covers most core trading needs with spot, futures, copy trading, and even a built-in DEX for memecoins and Solana assets. It also supports FX trading, which is rare for crypto platforms. While the trading options are solid, features like Web3 wallets or NFT tools aren’t part of the mix. If you’re here just to trade, it keeps things focused and simple.

 

Copy Trading

On Toobit, you have the opportunity to explore many dynamic trading options that make your journey into crypto trading much smoother, one of which is copy trading with copy trading, you can simply follow the strategies of experienced traders, allowing you to mirror their moves without needing to spend hours studying market trends.

It’s the perfect way for you to dip your toes into crypto, especially if you’re new to trading or just don’t have the time to be glued to the charts. All you need to do is choose a trader whose style fits your risk tolerance, and Toobit does the rest, executing trades for you based on their strategies.

 

 

Bot Trading

Not into active trading but still want to be part of the trading scene and earn passively? Toobit offers advanced trading bots that are pre-built to help you earn passively. While there are risks involved, using Toobit’s trading bots can be an excellent way to stay engaged in the markets.

 

Toobit Earn

Toobit offers an Earn section where you can stake your crypto and receive APR rewards. There are over 20+ supported assets, and the process is simple, no complex lockups or terms. It’s a useful option if you want to hold and earn at the same time without actively trading.

 

 

Toobit DEX

Toobit has also teamed up with Nova.meme, a platform where you can instantly launch and trade memecoins. It’s built for creators and early communities looking to grow fast. This integration makes it easier to get involved in meme culture directly from Toobit’s ecosystem.

 

Toobit FX Trading

Toobit also offers FX trading powered by crypto, letting you access major currency pairs with low fees and deep liquidity. It brings forex and crypto together in one platform, making it easy to switch between markets without needing separate tools.

 

Toobit x Nova.MEME

Toobit has also teamed up with Nova.meme, a platform where you can instantly launch and trade memecoins. It’s built for creators and early communities looking to grow fast. This integration makes it easier to get involved in meme culture directly from Toobit’s ecosystem.

 

Mobile App

If you’re the kind of person who values trading on the go, you’ll appreciate its user-friendly interface of the Toobit application that makes navigating through spot trading, futures, and even copy trading really easy. Toobit’s app delivers an intuitive experience that adapts to your needs. It offers real-time market updates, advanced charting tools, and the ability to track your portfolio in just a few taps.

 

 

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Toobit Security and Regulation

Toobit employs multi-layered security measures, including cold storage to safeguard your funds, two-factor authentication (2FA), and email verification for logins and withdrawals.

With real-time monitoring and encryption protocols in place, your assets and personal information are well protected from potential threats. Toobit is also registered as a Money Services Business (MSB) under FinCEN, adding an extra layer of legitimacy and regulatory compliance, so you can trade with confidence.

 

Toobit Customer Support

Toobit offers 24/7 assistance via live chat. Whether you’re experiencing technical issues or just need help navigating the platform, the support team is available to assist you. However, we found Toobit’s support team to be rather unreliable and inexperienced, which resulted in a poor customer support experience. We had to repeat questions several times before getting a somewhat reasonable answer, and sometimes, we received replies in different languages, such as Chinese.

Additionally, Toobit features an extensive FAQ section and knowledge base on its website, helping you find answers to common questions quickly without needing to wait for support.

 

 

Why Choose Toobit?

As a crypto trader or investor, here are some key reasons why you might choose Toobit for your trades:

• User-Friendly Interface: You’ll find Toobit’s trading interface easy to navigate, especially if you’re a beginner. The platform also includes advanced trading tools like order books and real-time charts, making it a great choice for experienced traders as well.
• Wide Variety of Passive Income Products: Toobit is recognized as one of the best crypto exchanges for earning passive income. You can explore various ways to earn money, including copy trading, bonus tasks, referral programs, and affiliate programs.
• Adequate Security: Toobit prioritizes your security with advanced measures such as encryption, cold storage, and two-factor authentication, ensuring a reliable and secure trading environment. The platform has never been hacked.

 

Toobit Alternatives

Toobit is a newer exchange with high leverage, but if you’re exploring other options, consider these:

1. Tapbit: Tapbit is another newer exchange with high leverage and a growing selection of cryptocurrencies.
2. Bybit: Bybit is a well-established exchange with a wider range of features, deep liquidity, and a strong reputation.
3. BloFin: If you’re looking for a no-KYC option with competitive fees and a good selection of cryptocurrencies, BloFin is worth checking out.

Feature	Toobit	Tapbit	Bybit	BloFin
Established	2022	2022	2018	2019
Headquarters	Cayman Islands	British Virgin Islands	Dubai, UAE	Cayman Islands
24h Spot Volume	$1.74B+	$3.02B+	$3.38B+	$166.20M+
24h Futures Volume	$15.6B+	$44.14B+	$28.77B+	$1.71B+
Spot Fees (Maker/Taker)	0.20% / 0.20%	0.10% / 0.10%	0.10% / 0.10%	0.10% / 0.10%
Futures Fees (Maker/Taker)	0.02% / 0.06%	0.02% / 0.06%	0.02% / 0.055%	0.02% / 0.06%
Max Leverage	150x	150x	100x	150x
KYC Required	No	No	Yes	No
Supported Cryptos (Spot)	474+	418+	726+	564+
Trading Bonus	$5,125	$9,210	$30,000	$5,000
Key Features	• No KYC required • High leverage (150x) • Multiple trading bots	• No KYC required • High leverage (150x) • Good futures volume	• Most advanced features • Highest trading volume • Extensive crypto selection	• No KYC required • High leverage (150x) • Strong futures volume
Sign Up	Sign Up	Sign Up	Sign Up	Sign Up

 

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Bottom Line

Toobit is more than just a standard crypto exchange, it’s growing into a multi-product trading platform that covers everything from high-leverage futures to DEX-based memecoin launches and FX markets. While it may not offer Web3 wallets or NFT tools yet, its range of passive income options, copy trading, and on-chain support for Solana assets make it a compelling choice for active traders. Spot fees are slightly above average, but the intuitive interface and solid derivatives market help balance that out. For users seeking a simple yet diverse trading environment with no KYC barrier, Toobit is worth considering.

 

FAQs

Is Toobit Safe?

Yes, Toobit is a safe and reliable trading platform equipped with adequate security measures to ensure the safety of user assets.

 

Can you deposit fiat on Toobit?

No, fiat currencies are not supported for deposits on Toobit. This means that Toobit is designed for users who already own some cryptocurrency. However, you can purchase crypto via credit/debit cards on the platform.

 

Does Toobit Require KYC to trade?

No, KYC is not required on Toobit in order to deposit, withdraw, or trade cryptocurrencies on the platform.

 

Can you Buy Crypto on Toobit?

Yes, you can buy crypto using your debit or credit cards via any of the third-party payment providers on Toobit. The process is very secure and reliable.

 

Does Toobit have a mobile app?

Yes, Toobit has a mobile app for trading on the go. The exchange’s app is available for both IOS and Android users with a 4.5/5 star rating on the Google Play Store.

 

What is the Maximum Leverage on Toobit?

Toobit offers leverage of up to 150x on derivatives and perpetual contracts with access to over 100 trading pairs for active trading.