Feature	Summary
Best for	Beginners and intermediate traders (but also offers advanced tools)
Available in	100+ countries (excluding US, Mainland China, Singapore, etc.)
Trading Products	1,000+ cryptocurrencies (spot); USDT/USDC perpetual futures; copy trading & bots
Fees	Spot: 0.075% maker / 0.10% taker; Futures: 0.02% / 0.06% (VIP discounts available)
KYC Requirements	Not mandatory for trading (up to 5 BTC/day withdrawal without ID); KYC needed for higher limits & fiat purchases
Deposit Methods	Crypto deposits only (no direct bank transfer); Buy crypto via credit/debit card or Apple Pay through partners
Max Leverage	200× on select futures pairs  (e.g. major coins)
Welcome Bonus	Up to 15,000 USDT for new users (in rewards for completing sign-up tasks)

 

 

What is Toobit?

Headquartered in the Cayman Islands, Toobit offers a comprehensive suite of trading services, including spot trading, perpetual futures contracts, copy trading and even built-in trading bots. Perhaps most notably, the platform operates under a no-mandatory-KYC policy, meaning that users can trade and withdraw up to a sizable limit of 5 BTC per day without identity verification.
 

Signing up is straightforward with options to register via email, Google/Apple ID, or even Telegram. Once logged in, users find a familiar trading dashboard with advanced charting, various order types, and a responsive UI across its web and mobile interfaces. 

Additionally, Toobit is accessible worldwide (with multilingual support in regions like Europe, MENA, LATAM, and Asia), requiring no VPN for access in supported countries. However, it does block certain jurisdictions due to regulations, notably the United States (as of July 2024), as well as Mainland China, Hong Kong, Singapore, and a few other restricted regions.
 

In terms of legitimacy, the exchange has registered itself a Money Service Business with FinCEN in the US while also holding at least one Virtual Asset Service Provider (VASP) license (Poland). 

You can get a deposit bonus of up to $30'000 with following this Toobit Deposit Bonus Guide. 

 

Is Toobit Safe and Legit?

Security is a critical concern for any exchange, and Toobit appears to take these matters quite seriously, as demonstrated by the fact that it has never suffered any major hacks or security breaches. To achieve this, the platform has employed industry-standard protections like mandatory two-factor authentication (2FA) for withdrawals and account changes, withdrawal whitelisting, and anti-phishing codes to protect users’ accounts. 
 

The exchange also keeps the vast majority of user funds in cold storage (offline multi-signature wallets) while employing a multi-signature approval process internally, so that no single staff member can unilaterally move funds.
 

Lastly, Toobit provides a real-time Proof of Reserves (PoR) system where customers can verify (on-chain) that their assets are fully backed 1:1 at all times. As of mid-2025, Toobit has publicly shown over $100 million in reserves backing user balances (while also having obtained ISO 27001 compliance on their security practices). 
 

If all this wasn’t enough, Toobit was named “Digital Asset Derivatives Platform of the Year” at the Hedgeweek Global Digital Assets Awards 2025, the “Best Crypto Exchange (MENA) 2025” during the the World Business Outlook Awards and Best New Exchange & Best for Derivatives at the 2025 WeMoney awards.

 

Toobit Key Features

Spot and Futures Markets

Users can trade over 1,000 cryptocurrencies ranging from major coins like BTC and ETH to a myriad of altcoins. All spot markets are crypto-to-crypto (primarily USDT pairs) and the order books are fairly liquid on popular pairs, and even smaller-cap coins benefit from Toobit’s growing user base. For example, one can find everything from top 20 coins to niche tokens (DeFi, meme coins, etc.) on Toobit’s spot section. 

For advanced traders, Toobit’s perpetual futures are a major draw, allowing leveraged trading up to 200× on certain pairs and enabling traders to long or short with margin. Perpetuals are settled in USDT or USDC (so-called USDT-M or USDC-M futures). 
 

Furthermore, liquidity on big futures pairs is good, as evidenced by the platform’s daily turnover of $20 billion. Not only that, traders can choose between cross or isolated margin and adjust their leverage per position (with support for both “Merged” and “Split” positions being available).
 

In split mode, each futures position is independent (i.e. users can hold separate long and short on the same contract), whereas the merged mode combines all same-direction orders into one position.

 

Copy Trading

One of Toobit’s key USPs is its ‘Copy Trading’ module which allows users to automatically mirror the trades of experts operating on the exchange (i.e. copying their strategies in real time). Individuals can browse a leaderboard of “top traders” with stats like ROI, win rate, and follower count, then allocate funds to follow the trader of their choice. 
 

Once a person starts copying someone, any positions they open are simultaneously executed in their account as well (at the same entry price, thanks to Toobit’s zero-slippage execution on copy trades).  

Risk management is also flexible, such that followers can set stop-loss levels on a copied portfolio or un-follow the trader at anytime. Since Toobit matches the leverage and position size proportionally (relative to one’s allocation vs. the lead’s funds), users don’t have to worry about manually adjusting trade sizes.

 

Automated Trading Bots

For those who prefer algorithmic trading, Toobit offers a suite of built-in trading bots to automate strategies. For instance, users can deploy grid trading bots as well DCA (Dollar-Cost-Averaging) bots on futures markets, allowing them to profit from market volatility or trend movements without constantly monitoring the screen.

 

• Futures Grid Bot: This bot creates a grid of buy and sell orders within a configured price range meaning that it buys low and sells high in increments (making it ideal for range-bound or sideways markets).  

 

• DCA Bot (Martingale): This bot is a bit more advanced, combining a classic Martingale strategy with DCA principles. In practice, it adds to a losing position incrementally (Martingale) so that when the market reverses, the average entry price is improved, and a small move back can recover losses. The tool is suited for trending markets or for those who want to systematically “buy the dip” and potentially profit on the bounce-back.

 

Earn Program (Staking & Savings)

Beyond active trading, Toobit also provides opportunities to earn passive income on their crypto holdings. These avenues include:
 

(i) Flexible Earn: This is akin to a savings account for crypto where a user can deposit supported assets and earn interest calculated hourly, with the ability to withdraw anytime without penalties,
 

(ii) Fixed Earn: For those seeking higher returns and don’t mind locking up their funds, ‘Fixed Earn’ lets them deposit funds for a set term (e.g. 7 days, 30 days, 90 days) at a designated interest rate. Interest is calculated daily, and when the term ends, investors get their original deposit plus interest credited back in their account (usually within 72 hours after maturity).
 

Other Notable Features

• Fiat On-Ramp: While Toobit doesn’t support direct bank transfers, it does integrate third-party services for buying crypto with fiat. Users can purchase tokens like BTC or USDT via credit/debit card, Apple Pay, or services like Simplex and AdvCash. That said, these transactions typically require completing a quick KYC with the payment provider.  

 

• Mobile App: Toobit offers a mobile app (for iOS and Android) that mirrors most of the functionality of its web platform. This means users can trade, monitor markets, perform copy trading, and even utilize bots right from the smartphones. ers who want to react to the market on-the-go.

• Demo Trading: Toobit’s demo mode is a great educational tool that can currently be accessed via its web interface as well as mobile app. It is perfect for practicing complex features like futures or testing how copy trading works with virtual funds. 

 

• Education & Support: Toobit has an extensive learn section (Toobit Academy) filled with articles on trading basics, platform guides, and crypto concepts. There’s also a detailed FAQ in their support center covering common questions as well as a 24/7 live chat support module.

Trading Fees on Toobit

Trading on Toobit comes with a competitive fee structure, on par with many of today's top exchanges. To elaborate, the platform uses a tiered VIP system (levels 0 through 6) based on an individual’s 30-day trading volume or account balance, which can significantly reduce fees if you’re an active trader. 

Spot Trading Fees

The standard fee for spot trades is 0.075% maker / 0.10% taker at VIP 0. This means if a user places a limit order (maker) that adds liquidity, they pay 0.075%, and if they execute against an existing order (taker), a fee of 0.1% needs to be paid. These base rates are slightly better than some industry leaders (for example, Binance’s base is 0.1%/0.1%). 
 

For high-volume traders, Toobit’s VIP tiers can lower spot fees to as low as 0.0125% maker / 0.0375% taker (at the highest level), which is excellent by any standard. Most regular users fall in the mid-tiers and see gradual fee reductions as they trade more, e.g., VIP 2 brings spot fees down to 0.06%/0.08%, and so on.

Futures Trading Fees

Futures fees on Toobit start at 0.02% maker / 0.06% taker for regular users (VIP 0), the latter is identical to Bybit’s, and the former on par with Binance’s futures. With volume-based discounts, futures fees can drop to 0.006% maker / 0.030% taker at VIP 6; however, those ultra-low rates at top tiers cater mainly to institutional or very high-volume retail traders. 
 

That said, it bears mentioning that even mid-tiers (such as VIP 3 or 4) offer futures fees around 0.01-0.014% maker and 0.035-0.04% taker, which beat many competitors easily. 

 

Deposits & Withdrawals

Crypto deposits are free, but for withdrawals, fees are variable depending on the coin and network conditions. Toobit uses an “automatically adjusted” withdrawal fee model, meaning the fee takes into account network transaction costs (and are thus subject to change based on blockchain congestion). 
 

Also, as highlighted earlier, the platform imposes withdrawal limits based on one’s KYC verification level. Without KYC (“Registered” status), users can withdraw up to 5 BTC per 24 hours (and up to 30 BTC per month) across all assets. However, completing advanced KYC raises limits to a whopping 50 BTC per day
 

It’s worth noting that large withdrawals may trigger a manual review or a KYC request even if one is under the daily limit, especially if the transaction is deemed suspicious. Toobit’s policy states this quite clearly online (primarily as an anti-fraud measure).

 

How to Get Started on Toobit

Getting started on Toobit is quick and easy with users having to simply follow a few steps (which have been listed below):

 

1. Account Registration: To create an account, users need to click on Sign Up and register using an email address, Google account, Apple ID, or even Telegram. After setting a secure password and applying a referral code or link (such as Whaleportal’s, to unlock bonuses), a verification code is sent by email. Once confirmed, the account is ready to use.

 

2. Security Setup: during the first login, it is strongly recommended that users enable two-factor authentication (2FA), available through Google Authenticator or SMS. Setting an anti-phishing code further protects against fraudulent emails. These steps greatly enhance account security. At this stage, users also gain access to the Rewards Hub, where completing tasks such as verifying an email, depositing funds, or placing a first trade can unlock portions of the 15,000 USDT welcome bonus.

 

3. Deposit Funds: To start trading with real assets, users need to navigate to the ‘Assets’ page and then click on Deposit (followed by the cryptocurrency they wish to transfer e.g., USDT or BTC). Following this, they can generate a deposit address on which their required funds can be sent.

 

4. Start Trading: Once funded, the trading dashboard offers access to different markets, order books, charts, and order panels. Spot traders can place market or limit orders, while futures traders can adjust leverage (up to 200× on some pairs like BTCUSDT and XAUTUSDT) and choose between cross or isolated margin. 

 

5. Withdrawals: Profits can be withdrawn by choosing the desired coin, and entering the destination wallet address/network. A fee is displayed before submission and processing is typically quick, although large withdrawals can trigger additional verification for security reasons.

 

Toobit vs Other Exchanges

Bitunix

Bitunix is another rising no-KYC exchange that shares a lot of similarities with Toobit, starting with their spot and futures fee structures being roughly the same (Bitunix also has 0.02%/0.06% futures fees and a large deposit bonus). However, one key differentiator is their feature set, such that while Toobit has integrated trading bots and a comprehensive earn program, Bitunix offers P2P trading and staking services. Moreover, Toobit lists far more coins (1000+ vs Bitunix’s ~400 pairs), giving it an edge for altcoin hunters.  
 

BTCC

BTCC is one of the oldest crypto exchanges in the market (est. 2011) but unlike Toobit, its asset base is fairly modest (~150 coins). That said, it does offers unique markets like tokenized stocks and commodities trading, which Toobit does not.

 

Also, both exchanges excel in derivatives, with BTCC allowing up to 150×–500× leverage on some futures, whereas Toobit has set a cap at 200×. In terms of fees, both structures are comparable but Toobit does hold an advantage in modern features (BTCC lacks copy trading and bots, and has no passive income products as of 2025). 
 

Blofin

Blofin is another newcomer that, like Toobit, emphasizes derivatives (350+ perpetuals) and no-KYC trading. Blofin has a slick platform and even more listed futures pairs in some areas, but it hasn’t achieved the same user adoption yet. Toobit’s reported daily volume and user count are significantly higher with both platforms offering similar fee structures (around 0.02%/0.06% futures fees).
 

One key difference, however, is liquidity as Toobit’s liquidity reserves are stronger across the board (being in the top ranks of CMC’s relevant leaderboards), meaning less slippage for large orders.  

 

Conclusion! Is Toobit Right for You?

For crypto traders who value a combination of privacy, diverse trading options, and low fees, Toobit is absolutely worth considering. It embodies the modern no-KYC exchange ethos without sacrificing the advanced features found on bigger regulated platforms. Also, the ability to trade hundreds of altcoins, engage in high-leverage futures, copy top traders, and even automate strategies (all on one platform) serves as a compelling package. 
 

Security-wise, Toobit has done everything right so far, given that no major security incidents have been observed to date and that its users can verify reserves at any time. Even more importantly, Toobit seems to be listening to its community and iterating quickly (shown by its growing number of features like demo trading, more language localizations, and constant new listings). Even the lack of P2P fiat trading or certain other products may be addressed in the future as the exchange continues to mature.

Join Toobit Exchange today and receive up to $30'000 in Deposit Bonuses. 

 

 

Frequently Asked Questions (FAQs) about Toobit

Q: Does Toobit require KYC verification?
A: No, for most of Toobit’s features, KYC is not required. One can sign up with just an email (or social login) and start trading immediately, no ID documents needed. Even withdrawals up to 5 BTC per day are allowed without identity verification. For more exchanges with no KYC, check the best no-KYC exchanges.

 

Q: Is Toobit allowed in the US and other countries?
A: No, Toobit is not available to U.S. residents. In mid-2024, Toobit officially ceased service in the United States. This means users from the US (and certain other restricted regions like Mainland China, Hong Kong, Singapore, etc.) cannot register or access the platform. Using a VPN to bypass region blocks is also against its ToS and is not recommended.

 

Q: What fees does Toobit charge?
A: Toobit’s fees are quite competitive. Deposits are free while spot trading incurs a 0.075% maker fee and 0.10% taker fee for regular users. Similarly, futures trading fees are 0.02% maker and 0.06% taker by default. These fees can be reduced significantly if users achieve higher VIP levels through trading volume, with high rollers possibly getting futures fees down to 0.006%/0.030% at the top tier. 

 

Q: Is Toobit safe to use?
A: Yes, as of 2025 Toobit is considered safe and legitimate, thanks to the platform having implemented strong security measures, such as all user funds being held in secure wallets (mostly cold storage), 2FA, etc. Furthermore, the exchange has obtained licenses like the U.S. FinCEN MSB.

 

Q: What cryptocurrencies and markets are available on Toobit?

A: Toobit offers a huge selection of cryptos, with over 1,000 different coins being tradable on the platform. On the spot market front, traders can find all major coins (BTC, ETH, XRP, ADA, SOL, etc.), stablecoins, DeFi tokens, meme coins, and many more. On the Futures side, Toobit provides perpetual swaps for dozens of trading pairs, mostly USDⓈ-M contracts (USDT or USDC settled). Users can trade perpetual futures on popular assets like BTC, ETH, BNB, XRP, DOGE, LTC, and plenty of altcoins with leverage.

 

Q: Does Toobit offer copy trading?
A: Yes, Toobit has a popular copy trading feature. It allows users to follow the trades of experienced traders automatically.

 

Q: Does Toobit have a demo or practice trading mode?
A: Yes, it does. Toobit offers a ‘demo trading’ mode where users can practice trading with virtual funds. This feature is fantastic for beginners or anyone wanting to test strategies risk-free.

 

Q: Is Toobit better than other exchanges like Binance or Bitget?
A: “Better” is subjective and depends on what one is looking for. Toobit shines in areas like no-KYC trading, a massive selection of altcoins, and innovative features (copy trading, high leverage, built-in bots) that some exchanges don’t offer in one place. If one values privacy and doesn't want to go through KYC, Toobit definitely has an edge over a KYC-mandatory platform like Binance (which now requires KYC for full access). Also, Toobit’s fee structure for futures is comparable or even slightly better at VIP0 than Binance’s, and it has more alt futures than some competitors like Bitget.