⚠️ Disclaimer: This material is for educational purposes only and does not constitute investment advice. Trading cryptocurrencies and derivatives involves high risk. Always check the regulations in your jurisdiction and consult licensed professionals before using the service.
Overview
Toobit
Last updated: August 22, 2025
Founded in 2022, the Toobit crypto exchange offers a full range of services for trading cryptocurrencies, including USDT-M perpetual contracts and spot trading without mandatory verification. It also provides opportunities to earn money through referral or affiliate programs. For beginners, Toobit has special tasks to help them get started and receive a welcome bonus, as well as weekly bonuses to encourage activity on the platform.
One of the important features of Toobit is the copy trading service, which allows users to copy the successful trading strategies of experienced traders. The exchange’s headquarters are located in the Cayman Islands. Experts have studied the functionality and conditions of the platform in detail to prepare this review.
⚠️ Disclaimer: This material is for educational purposes only and does not constitute investment advice. Trading cryptocurrencies and derivatives involves high risk. Always check the regulations in your jurisdiction and consult licensed professionals before using the service.
What is Toobit Exchange?
Toobit Exchange is a centralized crypto trading platform launched in 2022 and registered in the Cayman Islands. It offers spot and futures trading, margin with leverage up to 150x, and copy trading. To access Toobit, registration is required, but KYC is only mandatory when dealing with fiat.
Today, Toobit supports more than 99 cryptocurrencies and regularly adds new listings. The platform is designed for both beginners (Lite Futures, welcome bonuses) and advanced traders (API, extended copy trading, affiliate program up to 80%).
✅ Available to users worldwide, including the U.S.
✅ Mobile app for iOS and Android
❌ No P2P and no Earn section yet
General Information about Toobit
| Parameter | Data |
|---|---|
| Name | Toobit |
| Official Website | toobit.com - |
| Year Founded | 2022 |
| Registration | Cayman Islands |
| Company | Hopeful Technology Co., Ltd. |
| Trading Types | Spot, Margin, Futures |
| P2P | ❌ (planned) |
| Fees | Spot 0.2% • Futures 0.04%/0.06% |
| No-KYC Limit | Up to 5 BTC/day |
| Mobile App | iOS, Android |
| Referral Program | Up to 40% |
| Affiliate Program | Up to 80% |
| TrustPilot Score | 4.1 |
Registration and Login to the Official Website
- Go to the Toobit registration page.
- Enter your email or phone number.
- Verify with a code.
- Set up two-factor authentication (recommended).
You can use the exchange’s services via its official website or by downloading the mobile app.
To register, you will need either an email address or a mobile phone number.
Fill in the required fields and agree to the terms of service. You can opt out of receiving newsletters if you wish. Enter the confirmation code sent to the number or email address you provided to complete the account creation process.
We recommend that you immediately go to your account security settings and enable two-factor authentication. This will significantly increase the security of your account. It will be more difficult for an attacker to log into your account, even if they know your username and password.
KYC Verification and Limits
- Without KYC: up to 5 BTC/day, 30 BTC/month.
- Basic KYC: same limits + option to buy crypto with a card.
- Advanced KYC: up to 50 BTC/day with no restrictions.
The exchange does not require mandatory verification.
To complete KYC, open the “Identification” section in your personal account, then click “Verify now” at the next level.
Various types of documents can be used to confirm your identity, with the specific choice depending on your citizenship. For example, for Russia, a passport or driver’s license is acceptable.
After entering all the data and uploading the documents, you will need to wait up to two days for the verification to be completed.
How to Deposit on Toobit
- Crypto: deposits are free (network gas applies).
- Fiat: via Visa/MasterCard or AdvCash → USD/USDT.
❌ Deposits in RUB not supported.
There are two ways to make a deposit on the Toobit exchange:
Cryptocurrency transfer
Click the “Deposit” button on the main page. Select the cryptocurrency you want to deposit from the drop-down list. Then select the network for the transfer. For example, the stablecoin USDT is supported by the exchange on the Tron, BNB Chain, and Ethereum networks.
The address to which the transfer should be made will be displayed. Also, pay attention to the information about the minimum deposit amount (if you send less, the payment will not be received) and the confirmation time. Expected arrival — how many blocks in the blockchain it will take for the coins to be credited to your account after sending. Expected unlocking — how many blocks after the coins arrive will it take to withdraw them from the exchange.
There is no commission for this type of deposit, but you pay the blockchain commission yourself when sending from your wallet (or, if you are sending from another exchange, the fee set by it).
Buying coins for fiat
If you don’t have any cryptocurrency yet, you can buy it for fiat directly through Toobit. To do this, go to the “Buy cryptocurrency” -> “Credit/debit card” section. Basic verification must be completed.
Select the fiat currency for exchange (rubles are not supported). Select the cryptocurrency you want to purchase. Enter the amount. There is a minimum limit for each currency; for USD, it is $33 at the time of writing.
The address to which the transfer should be made will be provided. Also, pay attention to the information about the minimum deposit amount (if you send less, the payment will not be received) and the confirmation time. Expected arrival — how many blocks in the blockchain it will take for the coins to be credited to your account after sending. Expected unblocking — how many blocks after arrival the coins can be withdrawn from the exchange.
There is no commission for this type of deposit, but you pay the blockchain commission yourself when sending from your wallet (or, if you are sending from another exchange, the fee set by it).
Toobit Trading
The exchange allows trading cryptocurrencies on the spot market, as well as USDT-M derivatives (with margin in USDT) on the contract market, and also supports a simplified Lite futures mode for beginners.
Spot Trading
- Over 99 trading pairs available.
- Fee: 0.2%.
- Orders: market, limit, trigger.
Trading on the Toobit spot market is different in that traders need to actually own the underlying asset. Spot trading usually means buying and holding cryptocurrency until its price goes up or until you need to swap it for another coin.
To start trading on the Toobit platform, log in and go to the “Trade” section. Then select a trading pair from the list on the left side of the screen.
Let’s take BTC/USDT as an example. If you want to exchange USDT for BTC, select the appropriate pair and pay attention to the order creation field located below the rate chart.
Next, place a limit or market order. A limit order involves a predetermined purchase or sale price, and the order is executed when the market price reaches that level.
A market order does not have a predetermined price — the trader simply specifies the amount they want to buy or sell, and the system executes the order at the best available price.
USDT-M Futures
- Leverage: up to 150x.
- Fees: 0.04% maker / 0.06% taker.
- Lite Perpetual mode available for beginners.
On the Toobit crypto derivatives market, investors do not own cryptocurrency themselves, but trade on assumptions about fluctuations in its value. They can open “long” positions, expecting the value to rise, or “short” positions, assuming it will fall. All transactions are conducted through contracts, eliminating the need to buy or sell real assets.
To start trading, log in to your account, go to the “Derivatives” -> “Perpetual USDT Contract” page, and select a trading pair.
Please note that in order to trade, you must transfer assets from your spot account to your futures account, which can be done in two ways: via the “Transfer” button on the trading page or on the “Contract Account” page in your personal account.
Users can change the leverage up to 150x before opening a position.
To open a position, you can use a limit or trigger order. When using a limit order, you must specify the price and amount, as well as select one of three parameters: “place only,” “execute or cancel,” or “execute immediately or cancel.” This is selected from the “Advanced Settings” drop-down list in the order creation field.
A trigger order requires setting a trigger price, buy/sell price, and amount.
After creating an order, the open position is displayed in the “Positions” section, where you can perform various operations. To close a position, you can use a limit order, trigger order, or market order, or perform the “Close Long/Short Position” operation.
Lite Futures
Lite Perpetual is a product on the Toobit exchange based on USDT perpetual contracts that offers a simplified interface for derivative trading. It differs from USDT perpetual contracts in that it has simpler operating methods, making it well-suited for beginners.
Copy Trading
- Follow trades of successful traders.
- Transparent stats and position control.
- Professional traders earn commission from followers’ profits.
The Toobit crypto exchange supports a copy trading feature designed to simplify the trading process for professional traders and their subscribers. It allows users to copy trades, enabling them to make a profit without significant time and effort.
To start using the copy trading feature on Toobit, go to the “Copy Trading” page. Then filter traders by various criteria to select the most suitable one. Click “Start Copying” and set your investment parameters. Confirm your selection and start copying trades.
The developers note that currently, transfers to the copy trading account are only supported from spot accounts. If there is no free balance in the spot account, it must be replenished in advance.
Toobit Fees
| Type | Fee |
|---|---|
| Spot | 0.2% |
| Futures | 0.04% maker / 0.06% taker |
| Withdrawal | depends on coin (BTC — 0.0005) |
| Deposit | Free |
VIP users have their own commission levels. These depend on the user’s trading volume over 30 days or their total balance.
The commission for withdrawing funds depends on the specific cryptocurrency. Deposits are not subject to fees from the exchange.
Toobit vs Competitors
| Exchange | Founded | P2P | Earn | Max Leverage | Spot Fees |
|---|---|---|---|---|---|
| Toobit | 2022 | ❌ | ❌ | 150x | 0.2% |
| Bybit | 2018 | ✅ | ✅ | 100x | 0.1% |
| KuCoin | 2017 | ✅ | ✅ | 125x | 0.1% |
| Binance | 2017 | ✅ | ✅ | 125x | 0.1% |
Toobit Reviews
The Toobit exchange receives mostly positive reviews. Users note fast transaction execution, low transaction costs, and a convenient app with attractive features for users. The exchange is praised for its ease of use and high speed of operations. Beginners highly rate Toobit for its user-friendly interface and informative website, including useful newsletters.
There are also some negative aspects. Some users complain that the exchange does not withdraw money to their wallets. There are also reviews stating that the exchange has few trading pairs and no p2p. There are complaints about security issues, with some customers having difficulty logging into the system on several occasions. Against this backdrop, there are accusations of fraud. However, positive feedback still prevails.
Those who wish to do so can fill out a form on the exchange’s official website to express their opinions and wishes.
- John Miller (TrustPilot, Dec 2024): “The interface is clean, withdrawals hit my wallet in under 15 minutes.”
- Emily Johnson (Google Play, Jan 2025): “The mobile app is stable, but I’d like more trading pairs.”
- Daniel Roberts (App Store, Feb 2025): “Lite Futures are great for beginners, very easy to use.”
- Sophia Lee (TrustPilot, Mar 2025): “No P2P or Earn yet, waiting for updates.”
- Michael Brown (Reddit, Mar 2025): “Copy trading is a solid passive income option.”
- Olivia Davis (Twitter, Apr 2025): “Support was fast, helped me recover access.”
- James Wilson (TrustPilot, Apr 2025): “Occasional delays with withdrawals, but they get resolved.”
- Sarah Thompson (YouTube, May 2025): “A nice alternative to KuCoin, especially for newcomers.”
Conclusion
Toobit Exchange is a young but rapidly growing platform focused on futures and copy trading. Main strengths: no mandatory KYC, 150x leverage, easy-to-use app, and attractive affiliate terms. Main weaknesses: no P2P, no Earn, no Proof-of-Reserves.
Launched in 2022, the Toobit exchange has already attracted the attention of many traders thanks to its advantages. Particularly noteworthy are the lack of verification requirements, the possibility of margin trading with leverage of up to 150x, the availability of copy trading and low commissions, as well as bonuses.
In terms of functionality, Toobit lags behind the market leaders—it lacks P2P trading, a section for passive income, and much more. The Russian translation of the interface leaves much to be desired. It is worth remembering that Toobit is a relatively new platform on the cryptocurrency market, so many features may be added and improved in the future.
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