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 $1.7 billion in 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.
Key Takeaways:
Here’s what you need to know about Toobit:
- KYC is not mandatory for trading.
- Access to over 300 cryptocurrencies and 421 trading pairs.
- Leverage of up to 150x for futures trading.
- Low trading fees: 0.04% for makers, 0.06% for takers.
- User-friendly trading interface with advanced tools.
- Earn passive income through referral and affiliate programs.
- Available mobile app with a 4.5/5 star rating.
- Robust security measures including two-factor authentication.
Toobit Overview
Toobit was launched in 2022 and is headquartered in the Cayman Islands. The platform is committed to providing you with a secure, efficient, and diverse trading experience, offering a range of products and services tailored to different types of traders. You have access to over 300 cryptocurrencies and more than 421 trading pairs for seamless trading.
Toobit is also one of the best crypto exchanges for earning passive income. You can take advantage of exclusive welcome bonuses, affiliate programs, referral programs, and bonus tasks to boost your earnings while trading on the platform.
The trading interface is simple yet powerful, featuring advanced tools like order books, technical indicators, and real-time charts, making it a great choice for both beginners and experienced traders.
You can access Toobit through a web-based exchange or its mobile app, available for both iOS and Android users. With a 4.5/5-star rating on the Google Play Store, the mobile app is user-friendly and efficient for trading on the go.
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!
We strive to keep this information up-to-date, but regulations may change. While we regularly update this data, we make no guarantees, and it is your responsibility to verify whether your country is supported before using the platform. Due to regulations, Toobit does not support every country. To ensure that you are eligible to register on the exchange, you can use our free Toobit country checker.🌍 Free Toobit Country Checker
Simply type in your country and see if you can use the platform or if your country is restricted.
Toobit Pros and Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ User-friendly trading interface | ❌ Relatively new crypto exchange |
| ✅ Integrated with TradingView | ❌ Limited amount of supported cryptos |
| ✅ Low trading fees | ❌ No proof of reserves |
| ✅ Wide variety of passive income products | ❌ Lower spot volume |
| ✅ 24/7 customer support via live chat and email | ❌ Limited spot trading features |
| ✅ Offers up to 150x leverage on derivatives and perpetual contracts | ❌ Lacks some services like web3 wallets and NFT marketplaces |
| ✅ Adequate security |
Toobit Trading
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.
Spot Fees
0.20% Maker
0.20% Taker
Future Fees
0.04%% Maker
0.06% Taker
Spot Trading
If you’re interested in low-risk but more options for trading, Toobit could be the right choice for you. With over 170 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, you’ll have the right tools to make informed money-making decisions. As for fees, Toobit operates on a 0.2% maker and taker fee structure, making it a great option for both beginners and advanced traders.
Derivatives Trading
Toobit offers you the opportunity to start your futures trading with the right tools and analytics, supporting over 270 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 0.0400% for makers and 0.0600% 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.
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.
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.
Rewards Centre
Entering Toobit for trading not only opens up a world of cryptocurrency options but also provides you with chances for earning rewards by completing simple tasks. By participating in various limited-time and weekly challenges, you can increase your earnings through bonuses just for trading and inviting friends. This engaging approach allows you to enhance your trading experience while also reaping extra benefits, making your time on the platform even more rewarding.
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.
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.
Toobit Security and Regulation
Security is a top priority at Toobit for you. The platform 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 excels in customer support, offering you round-the-clock assistance via live chat and email. Whether you’re experiencing technical issues or just need help navigating the platform, the support team is available 24/7 to provide fast and effective solutions. 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.
Bottomline
Toobit stands out as a comprehensive crypto broker, going beyond typical offerings on the crypto market. Whether you’re a beginner or an experienced trader, Toobit caters to all levels of expertise.
What makes it particularly enjoyable is the wide variety of income-earning opportunities on the platform. This makes it very appealing for users who want to earn more income aside from trading profits.
Toobit is also equipped with advanced trading tools for active trading. Its focus on security, ease of use, and comprehensive customer support makes it an excellent choice for both beginner and seasoned crypto traders. If you’re in the market for a reliable and feature-rich cryptocurrency exchange, Toobit is definitely worth exploring.
Why Choose Toobit?
As a crypto trader or investor, here are some key reasons why you might choose Toobit for your trades:
Low Futures Trading Fees: Toobit offers some of the lowest trading fees in the futures market. With a standard fee of just 0.04% for makers and 0.06% for takers, plus leverage of up to 150x on derivatives and perpetual contracts, Toobit is an attractive option for advanced futures trading.
- 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.
- 24/7 Customer Support: Toobit provides reliable customer support around the clock, helping you enjoy a seamless trading experience on the platform.
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.
Is Toobit Registered and Licensed?
Yes, Toobit has officially obtained the financial license supervised and issued by Money Services Business (MSB) in the United States, which enables it to carry out legal and compliant crypto-asset financial transaction business across all 50 states of the United States, providing convenience for global users.
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 Tapbit?
Tapbit offers leverage of up to 150x on derivatives and perpetual contracts with access to over 100 trading pairs for active trading.
