Toobit logo
Exchange review
CEX (Spot), CEX (Derivatives) Active

Toobit

Founded 2022

Best for

Crypto traders looking for spot markets, perpetual futures, copy trading, and flexible verification options in supported jurisdictions.

Summary

Toobit is a centralized exchange for spot trading, founded in 2022. It uses basic identity checks, supports fiat onramps, and discloses proof of reserves.

Quick snapshot

KYC
Basic
Fiat onramp
Available
Support
24/7 via Live Chat, Support Tickets, Email
Proof of reserves
Assets + liabilities
Base fees
Not listed

Brokerate score

80 / 100

The score reflects the published trust, fees, transparency, and support signals we could verify on this profile.

Founded
2022
Check official site

Use the official site to confirm live fees, regional access, and reserve reporting before funding an account.

Quick evaluation

A fast read on the main decision areas before the detailed profile sections.

Security

6 security controls are listed, including Two-factor authentication and Withdrawal whitelist.

Fees

Base maker and taker fees are not listed. Deposit and withdrawal fee policies are disclosed.

KYC & fiat

Basic KYC is listed, fiat onramp is available, and support is listed as 24/7 via Live Chat, Support Tickets, Email.

Transparency

Proof of reserves covers assets and liabilities. No recent reserve report date is listed.

Pros

  • Reserve reporting covers assets and liabilities.
  • Fiat onramp is available.
  • 24/7 support is listed.

Cons

  • Base maker and taker fees are not listed.

Full exchange details

Overview

Company profile

HQ country

—

Founded 2022

KYC level

Basic

Fiat support

Available

Access & funding

Support channels

Live Chat, Support Tickets, Email

24/7 support listed.

Proof of Reserves

Assets + liabilities

Fee snapshot

Not listed

Deposit and withdrawal policy disclosed.

Transparency

Proof of Reserves

Assets + liabilities

Reserve reporting covers assets and liabilities.

Assets proof

Yes

Last report

Not listed

View reserve report
Liabilities proof

Yes

Method

Merkle tree

Security & trust

Account protection signals disclosed in the profile and the latest trust context we could verify.

Status
Active
Confidence
80/100

High-impact protections

3 of 4 higher-impact protections are listed, including Two-factor authentication and Withdrawal whitelist.

Listed

3/4

Two-factor authentication

Listed in the profile

Yes

Hardware 2FA

Not disclosed in the profile

No

Withdrawal whitelist

Listed in the profile

Yes

Anti-phishing code

Listed in the profile

Yes

Additional checks

Session management
Yes
Bug bounty
Yes
Public pentest
Yes
Insurance disclosed
No

Fees & policies

Trading fee disclosure, tier schedules, and any related policy notes in the profile.

Base maker and taker fees are not listed.

3 fee policy notes are listed.

Fee policy details

Deposit fees policy

Toobit does not charge a platform fee for cryptocurrency deposits. Blockchain network fees may apply when assets are transferred from external wallets or exchanges.

Withdrawal fees policy

Toobit applies dynamic cryptocurrency withdrawal fees that vary by asset, network, and market conditions. The applicable withdrawal fee and minimum withdrawal amount are displayed in the withdrawal interface before confirmation. Internal transfers between Toobit accounts may be fee-free.

Fee notes

Standard VIP 0 futures fees are 0.02% maker and 0.06% taker. Selected spot markets currently qualify for a temporary zero-fee promotion scheduled through December 26, 2026. Assessment Zone spot markets are excluded and have standard VIP 0 fees of 0.075% maker and 0.10% taker. Rates vary by VIP level, trading market, and applicable promotions. Futures funding payments are separate from trading commissions.

Incidents

Publicly documented incident history in our current dataset.

No publicly documented incidents found in our current dataset.

Absence of incidents in this dataset is not a guarantee of safety or uninterrupted operations.

Product context

Listed product coverage and short editorial background for deeper comparison.

Coverage

Spot trading Futures Perpetuals Copy trading API (REST) API (WebSocket)

Background

Toobit is a centralized cryptocurrency exchange operating since 2022, offering spot trading, perpetual futures, copy trading, and other crypto trading services. The platform provides access to cryptocurrency markets through its website and mobile applications. Its trading service...

Read full background

Toobit is a centralized cryptocurrency exchange operating since 2022, offering spot trading, perpetual futures, copy trading, and other crypto trading services.

The platform provides access to cryptocurrency markets through its website and mobile applications. Its trading services include standard spot orders, leveraged derivatives, and copy trading for users who want to follow other traders' strategies.

Toobit offers a tiered trading fee structure based on account balances and trading volume. Standard perpetual futures fees start at 0.02% for makers and 0.06% for takers. Selected spot markets are eligible for a temporary zero-fee promotion, while other markets may have different rates.

The exchange publishes Proof of Reserves reports using a Merkle tree-based verification system. Users can independently check whether their eligible account balances were included in a published reserve snapshot. However, Proof of Reserves does not eliminate custody, operational, or counterparty risks.

Toobit supports multiple identity verification levels. Certain crypto trading activities may be accessible without completing full KYC, but withdrawals are subject to limits, compliance monitoring, and possible additional verification.

Important considerations: Toobit offers leveraged products that carry significant liquidation risk. Regional restrictions, changes to trading fees, and withdrawal verification requirements should be reviewed before depositing funds. Users should independently evaluate the exchange's regulatory status and security practices.

Why should this article be recommended to others?

  • Spot and perpetual futures trading
  • Copy trading features
  • Public Proof of Reserves
  • Multiple KYC verification levels
  • Tiered VIP trading fees
  • Mobile trading applications
  • REST and WebSocket APIs

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