Toobit Review 2025

Toobit is a Seychelles-based crypto exchange with over 6M monthly visitors and over $27B daily trading volume. The company charges fees based on the trading volume/asset balance. The commissions range from 0.2% to 0.008% for spot trading and 0.02% to 0.006% for the futures market.

Toobit Information + Regulation

Toobit was established in 2022 in Victoria, Beau Vallon, Seychelles, under the legal name Hopeful Technology Co. Ltd. The company has a team of 51-100 people and was founded by Ray Lee.

Based on the available data, the exchange allows trading without KYC.

Toobit Exchange Summary of Specifications

This platform is made up of some unique and common features.

Here's a quick overview of what it offers:

Notable Pros and Cons

Like any trading platform, Toobit has its strengths and weaknesses. Let's take a look at some of the important benefits and drawbacks:

User Leveling System

Cryptocurrency exchanges usually offer different levels for their verification procedure.

Toobit has designed a 3-level system for "identification":

Trading Fees and Other Commissions

Toobit employs a tiered user level structure that rewards active traders with reduced fees and additional benefits. It depends on the asset balance and the trading volume.

We will review the costs for spot trading in the table below:

The futures trading fees will be discussed in the second table here:

There are no costs for making deposits and withdrawals via the platform. You can use crypto profit calculator tools to calculate the output of a position based on fees, asset price, and other parameters..

Coin Offerings and Tradable Assets

Toobit offers a list of over 860 trading pairs based on 100+ digital assets available.

These coins/tokens are from several categories, including:

• GameFi
• Infrastructure
• AI
• NFT
• Metaverse
• Fan Tokens
• Storage
• Meme
• And a few more

The number of tradable assets isn't the largest in the industry, compared to some other exchanges with 600-700 cryptocurrencies or more.

Futures Trading and Margin Options on Toobit

This platform does offer futures and margin trading options, catering to more advanced traders who seek higher potential returns and are willing to take on additional risk.

The company offers futures trading in the form of "USDT-M Perpetual" and "Lite Perpetual" contracts; as stated on the website, the latter is more suitable for beginners.

There are more than 320 futures trading pairs available with a maximum leverage of 150x.

Account Opening and Verification Guide

Creating an account on Toobit is totally simple and quick. The following sections will provide a complete tutorial on signing up and identification.

#1 Visiting the Website

At the first step, navigate to the exchange's website and click on the "Sign Up" button.

#2 Form Completion

After opening the form, enter your email address or phone number, and create a strong password that meets the conditions. Alternatively, use a Google, Apple, or Telegram account.

Then, check the box next to the statement agreeing with the T&C, then click "Create Account".

Provide the verification code sent to your inbox.

After these steps, you will have created your account on the platform.

#3 Verification

For basic verification, you will be required to submit additional information. For advanced-level verification, you must provide supporting documents.

Trading Platform and Software

Toobit offers a proprietary trading platform, available across web, Android, and iOS. The terminal is similar to that of many other exchanges in the industry, providing essential and useful options and analysis tools for trading. Access it via these links:

• Android
• iOS
• Web

Toobit Platform's Safety Measurements

Security is a paramount concern in the cryptocurrency world, and the mentioned exchange has revealed little information about this matter on its website; it only says that they use "cutting-edge encryption algorithms" to maintain the security and safety of the assets.

We investigated the website's SSL certificate; it was issued by ESET SSL Filter CA, and is valid until March 7, 2025.

Per our research, there have been no records of successful hacks and attacks on the platform.

What Payment Options Are Provided?

Toobit offers limited payment methods to its users, accepting only cryptocurrencies as direct deposits/withdrawals. Note that there's an option for buying/selling digital assets with fiat currencies via credit/debit cards, but it's not possible to deposit any.

Toobit Trust Scores and Evaluations

Trust scores on reliable sources such as Trustpilot and ScamAdviser helps us learn about the quality of an exchange's services. Here's how Toobit fares:

• Trustpilot: 3.5/5, based on +40 user reviews
• ScamAdviser: 100/100 Trustscore, but 3.1/5 user score with +50 ratings

Toobit Features

Here's an overview of the additional features and products provided on the platform:

Support Contact Channels and Open Hours

Most crypto exchanges provide no phone number for their support department; Toobit is no exception. Here are the customer service channels:

• Live Chat: Available via the website for everyone
• Email: support@toobit.com
• Ticket System: Accessible to registered users

Also, there's a help center covering frequently asked questions on the website.

Does Toobit Offer Copy Trading and Passive Income Options?

The exchange offers 2 investment features for earning passive income:

• Copy Trading: Users can automatically copy the strategies and signals of professionals or become pro traders themselves;
• Bots: Access automated trading bots that can execute trades based on predefined strategies.

In copy trading, Pro Traders earn 15% of the copier’s net profit as a commission.

What Countries and Regions Are Restricted?

While Toobit aims to serve a global audience, some restrictions prevent the platform from operating in certain jurisdictions. Users from the following countries and regions may face restrictions:

• United States
• Singapore
• Quebec
• Ontario
• North Korea
• Cuba
• Crimea
• Sevastopol
• Sudan
• Mainland China

How Toobit Stands in Comparison to Competitors

This table compares the reviewed exchange against its peers based on the main parameters:

Writer's Opinion and Final Words

Toobit offers access to +100 coins/tokens from GameFi, AI, NFT, Metaverse, meme, and other categories. Futures trading is available with a leverage of up to 150x.

The company has a 3.1/5 user rating on the ScamAdivser platform.