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 Founder

According to Ray LeeCrunchbase, he is the founder and CEO of Toobit, a cryptocurrency exchange established in 2022 and headquartered in Victoria, Seychelles.

Under his leadership, Toobit has rapidly expanded its services and user base, positioning itself as a significant player in the global crypto market.

Ray Lee's strategic vision has been instrumental in driving Toobit's growth and expansion.

His leadership has enabled the platform to navigate the complex and ever-evolving landscape of cryptocurrency markets, positioning it as a trusted and reliable destination for traders and investors.

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 Toobit registration 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.

How to Trade on Toobit

The steps for spot trading on Toobit are straightforward. Follow the instructions below:

#1 Go to the Spot Trading Section

Sign in to your Toobit account at toobit.com. From the homepage, click on “Trading” in the upper-left menu and go to the “Spot” section.

#2 Select Trading Pair

Now choose the trading pair you want to start with. For example, let’s take BTC/USDT.

If you’d like to swap USDT for BTC, select BTC under the USDT option to open the market view (see image below).

#3 Place an Order

You’ll now be able to place either a limit order or a market order.

A limit order allows you to set a target buy/sell price. The trade will only execute once the market reaches your chosen price.

If the set price is below the current market, the system executes at the best available price when triggered; if it’s above, it will also execute accordingly.

A market order doesn’t require you to set a price. You simply enter the amount you want to buy or sell, and the system completes the trade instantly at the best price available in the market.

Once your order is placed, you can review active trades under Open Orders or check past activity in the Order History section at the bottom of the page.

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:

• Toobit Android App
• Toobit iOS App
• Toobit Web Platform

Toobit Trading Volume

According to Toobit CoinGecko, over the last three months, Toobit has recorded a highly dynamic trading activity, with daily volumes frequently fluctuating between $1B and $5B.

The chart shows several notable spikes, with the largest surges in mid-July and mid-to-late August, where volumes briefly crossed the $5B mark. These peaks indicate heightened trader participation and strong liquidity flow during specific market conditions.

Despite the fluctuations, Toobit’s trading volume demonstrates consistent engagement across both retail and institutional participants, reflecting the platform’s growing presence in the global crypto exchange market.

Toobit Services

Using the chart below, users can get a sense of the trading services Toobit exchange offers:

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.

Toobit Security Rankings

Toobit CertiK Skynet review demonstrates a balanced security framework, with strong scores in operational safety, market reliability, and cybersecurity.

While its fundamental score leaves room for improvement, the exchange maintains a solid overall rating that reflects a reliable trading environment.

On Toobit CER.live, Toobit achieves a BBB rating with impressive highlights: full scores in user security, penetration tests, and bug bounty programs, as well as strong server protection.

Although it does not yet hold ISO 27001 or CCSS certifications, the presence of funds insurance adds an extra layer of confidence for users.

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 BTC Deposit Guide

Toobit BTC deposit is a streamlined 3-step process that enables users to transfer Bitcoin into their Toobit account via the BTC network.

The minimum deposit amount is 0.0000095 BTC, and transactions are typically confirmed within minutes.

Once verification on Toobit is completed, all deposit and withdrawal options become available through the exchange dashboard.

#1 Opening the Funding Section from Dashboard

Click the "Deposit" button in the top navigation menu of the Toobit exchange dashboard to begin the BTC deposit process.

#2 Selecting Bitcoin and Generating the Wallet Address

Choose “BTC” as the currency and ensure the Bitcoin blockchain network is selected. Click "Get Address" to generate your wallet deposit address and QR code.

Use this address to transfer funds from your personal crypto wallet.

#3 Tracking Confirmations and Viewing Wallet Credit

Scroll to the Transaction History section in your dashboard. Your BTC deposit will display with its current status and number of confirmations. Click "Details" to view full transaction information.

Note: This BTC deposit method is also available for withdrawals. Traders can conveniently cash out funds using Toobit’s BTC withdrawal process.

Toobit BTC Withdrawal Guide

Toobit BTC withdrawal is a secure 3-step process that enables verified users to transfer Bitcoin from their Toobit account to a personal wallet. The estimated network fee is 0.0004 BTC.

#1 Visiting the Withdraw Section

Navigate to the Assets menu in the top bar and select Withdraw to begin your Bitcoin cash-out request.

#2 Completing the Withdrawal Form and Verification

On the withdrawal page, you’ll see two tabs:

• On-chain Transfer: Send Bitcoin to an external wallet;
• Internal Transfer: Transfer funds instantly to another Toobit account using UID, email, or phone number (0% fee).

For sending Bitcoin to your personal wallet, choose On-chain Transfer, then:

1. Select BTC as the coin and Bitcoin as the transfer network;
2. Paste your wallet address in the required field;
3. Enter the withdrawal amount;
4. Review available balance, network fee, minimum limits, and daily cap;
5. Add remarks for reference (Optional);
6. Click “Withdraw” to proceed.

To finalize the request, complete two layers of security verification:

• Enter the email verification code received in your inbox;
• Open your Google Authenticator app and input the one-time password (2FA).

This dual verification ensures the security of your BTC withdrawal.

#3 Tracking the Withdrawal Status

Scroll down to the “Recent Withdraw History” section on the same page to review transaction details. You can track:

• Transaction time
• Amount
• Current status

Note: Internal transfers between Toobit users are free of charge, while on-chain BTC withdrawals incur the standard 0.0004 BTC network fee.

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:

• Toobit Trustpilot: 3.6/5, based on +110 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:

Toobit Bonus

Toobit provides exciting bonuses for different tasks that users complete. Below you can see the details for each bonus.

Welcome Bonus

New users can unlock initial rewards by registering and completing early tasks:

• 5 USDT granted immediately upon registration;
• Additional rewards up to 300 USDT, activated via first on-chain deposit and optionally doubled through futures trading within 72 hours;
• Some regions may offer expanded bonuses ranging up to 9,210 USDT based on deposit + futures trading volume milestones.

Rewards Hub (New User Zone)

The Rewards Hub provides structured tasks and challenges for new users, offering up to 15,000 USDT in total bonuses.

• Flash Tasks:
• 10 USDT for account creation;
• 20 USDT for the first on-chain deposit (≥ 50 USDT);
• 20 USDT for the first spot or futures trade (≥ 500 USDT).
• Deposit & Trade Challenges:

Rewards ranging from 10 USDT bonus to 6,000 USDT trial fund based on progressive deposit and futures trading thresholds.

Referral & Affiliate Program

Users benefit from inviting others to Toobit:

• With referral code, enjoy up to 10% lifetime trading fee discount;
• Access to welcome bonus opportunities totaling up to 9,210 USDT, unlocked via connected tasks.

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.