Toobit Review 2025: Complete Exchange Overview

Today’s traders are looking for more than just a platform to execute trades—they want exchanges that offer robust security, transparent policies, and advanced features to protect their assets and ensure a seamless trading experience. 

With cybersecurity threats and regulatory challenges regularly impacting crypto exchanges, finding a reliable and trustworthy platform among the hundreds available can be a daunting task.

Enter Toobit — a relatively new player in the market that aims to meet these demands by combining technological innovation with a strong commitment to user security and privacy.

In this Toobit review, we’ll explore what the exchange has to offer, examining its security measures, trading features, and user experience to help you decide if it’s the right exchange for your needs.

Toobit Review Summary

Toobit is a Cayman Islands-based centralised cryptocurrency exchange launched in October 2022 by former senior members from platforms like HTX and Bybit. Operating across more than 100 countries, Toobit features robust security measures, a competitive fee structure, and a wide array of trading options suitable for both novice and experienced traders.

The Key Features of Toobit Are:

• Security and Privacy: Implements Two-Factor Authentication (2FA) on all users accounts, advanced AES-256 encryption, and cold storage for assets. Provides transparent Proof of Reserves to ensure the safety and integrity of user funds and data.
• Diverse Trading Options: Offers spot trading, leveraged futures with up to 150x leverage, copy trading, and advanced trading bots such as the Futures Grid Bot and Martingale Bot, catering to various trading strategies and experience levels.
• Extensive Cryptocurrency Support: Supports over 100 cryptocurrencies with 172 spot trading pairs and 289 perpetual contract pairs.
• Competitive Fee Structure: Utilises a tiered fee system based on VIP levels, offering reduced trading fees for higher trading volumes. Additionally, Toobit charges zero deposit fees on crypto and dynamically adjusts withdrawal fees based on network conditions.
• User-Friendly Interface: Features an intuitive platform with a mobile app, making it accessible and easy to navigate for both beginners and experienced traders.
• Referral & Affiliate Programme: Provides affiliate and referral programmes, enabling users to earn commissions by referring new traders to the platform.
• Educational Resources: Includes Toobit Academy, offering a range of informative articles to help users expand their cryptocurrency knowledge and trading skills.
• 24/7 Customer Support: Ensures continuous assistance with around-the-clock customer support to help users resolve any issues or queries promptly.

What is Toobit?

Toobit is a centralised cryptocurrency exchange based in the Cayman Islands, launched in October 2022 by former senior members from prominent crypto exchanges such as Huobi (now HTX) and Bybit.

Operating in over 100 countries, with exclusions such as the USA and several others, Toobit caters to both novice and experienced traders by offering a diverse range of services. These include spot trading, leveraged futures with up to 150x leverage, copy trading, and various trading bots. 

Security is a top priority at Toobit, as evidenced by its implementation of multi-factor authentication (2FA) for all users, advanced AES-256 encryption, and cold storage custody for the majority of assets. The platform also provides proof of reserves, with the majority of assets held in cold storage. Licensed under FinTRAC, Toobit adheres to international regulatory standards, partnering with compliance providers like Codevasp and Sumsub for robust KYC and AML procedures supported by advanced identity verification.

Toobit lists well over 100 cryptocurrencies, featuring high liquidity across many trading pairs with competitive fees. Trading is made convenient with a user-friendly mobile app, enabling users to manage investments on the go. For those looking to expand their crypto knowledge or learn more about Toobit’s features, the platform also includes the Toobit Academy, featuring a range of informative articles. Additionally, 24/7 customer support is available to assist with any questions.

Getting Started with Toobit

Whether you’re new or experienced in the crypto space, getting started with Toobit is simple and straightforward.

Creating Your Toobit Account

To kick things off, visit the Toobit homepage and click the “Sign Up” button in the top-right corner.

You’ll see prompts for all three sign-up methods—choose the one that suits you best:

• Through your email address
• Via your phone number
• Google account, Apple ID, or Telegram

If you choose to sign up via email, a verification code will be sent to your inbox. If you opt to use your phone number, the code will arrive as a text message. Once you enter the code, you’ll be ready to start exploring Toobit. You can find a full guide on signing up here.

Toobit KYC

Like every reputable CEX, Toobit prioritises the security and compliance of its platform, requiring users to undergo Know Your Customer (KYC) verification to access all features. The KYC process has two levels:

• The Basic Verification level allows withdrawals of up to 5 BTC per day and provides access to fiat-to-crypto purchases and bonus vouchers. Only basic authentication details are required.
• The Advanced Verification level, meanwhile, raises the withdrawal limit to 50 BTC per day and requires additional identification, such as a passport or driver’s licence, along with facial recognition.

To complete identity verification on Toobit:

• STEP 1: Click the profile icon in the top-right corner and go to the "Identification" page.
• STEP 2: Select "Verify" under Advanced Verification.
• STEP 3: Choose your country/region and identity document type, then upload the required proof of identity.
• STEP 4: Upload your document photo or file.
• STEP 5: Complete a facial recognition scan using your device's camera.

Funding Your Toobit Account

Once your account is set up and verified, you can fund your Toobit account using various methods:

• Cryptocurrency Deposit:
  
  
  • Deposit a wide range of popular cryptocurrencies, including BTC, ETH, SOL, MATIC, APE, LTC, DOGE, AVAX, DOT, SHIB, and others.
     
• Buy Crypto with Fiat:
  
  
  • Purchase cryptocurrencies using fiat currencies such as USD, EUR, and more via credit or debit cards.

Security and Privacy at Toobit

Toobit is committed to the security of user funds and data privacy, having reported no known breaches of either since its inception. Currently, Toobit holds a BBB security rating and a 73/100 security score from CER.live, ranking it at 41st among crypto exchanges at the time of writing.

While Toobit implemented proof-of-reserves relatively recently, on June 21, 2024, users can view the reserves here. Most assets are securely stored in cold storage, and regular security audits are conducted to ensure the safety of user funds.

For additional security, Toobit enforces 2FA on all user accounts, and all sensitive data is encrypted using AES-256 encryption.

In short, Toobit meets industry-standard privacy protections expected from a reputable crypto exchange.

Supported Cryptocurrencies and Deposit Options

Toobit provides a broad selection of cryptocurrencies for trading, including the most established ones like Bitcoin, Ethereum, Solana, Dogecoin, Polkadot, and Polygon, along with many others. Currently, the exchange supports 172 spot trading pairs and 289 perpetual contract pairs as of November 2024.

Deposit Options

Users can conveniently purchase cryptocurrencies with credit or debit cards, with Toobit supporting nearly 40 fiat currencies through third-party providers. However, bank transfers are not available, which often come with lower fees than card purchases but can take longer for funds to arrive. Additionally, Toobit supports a wide range of cryptocurrency deposits, all with zero fees.

Order Types on Toobit

Understanding the various order types available on Toobit is essential for executing trades effectively and managing your trading strategy. Toobit offers a range of order types tailored to meet different trading needs, from basic executions to more advanced strategies.

Limit Orders

Limit orders allow traders to specify the exact price at which they wish to buy or sell an asset. This type of order ensures that the trade is executed only at the desired price or better, providing greater control over trade executions. The types of limit orders are the following:

Normal Limit Orders

Executed when the market price matches the specified price. Ideal for traders looking to enter or exit positions without immediate execution.

• Example: If BTC is at $65,000, placing a buy limit order at $64,500 will execute only if the price drops to $64,500 or below.

Advanced Limit Orders

GTC (Good Till Cancelled): The order remains valid on the order book until it is either fully executed or cancelled by the trader.

• Example: Placing a buy limit order at $65,500 when the current price is $65,400 ensures the order stays on the order book until it matches with a seller or is cancelled by the trader.

IOC (Immediate Or Cancel): Executes as much of the order as possible immediately, and any unfilled portion is cancelled.

• Example: Placing a buy limit order for 0.04 BTC at $65,999 will result in the system filling 0.019 BTC immediately and cancelling the remaining 0.021 BTC if not fully filled.

FOK (Fill Or Kill): Requires the entire order to be filled immediately; otherwise, the order is cancelled entirely.

• Example: Placing a sell limit order for 0.05 BTC at $64,500 will be cancelled if only 0.047 BTC is available to fill immediately.

Market Orders

Market orders prioritise speed and certainty, executing immediately at the best available market price. Useful for traders needing swift entry or exit without waiting for a specific price.

• Example: A market buy order for BTC at around $65,000 will execute instantly at the current price.

Trigger Orders

Trigger orders allow traders to set specific conditions under which orders are automatically placed, providing strategic entry and exit points.

• Functionality: Users pre-set a trigger price, order price, and quantity. When the market reaches the trigger, the system places the order as a limit order.

Example: 

• Buy Trigger Order:
  
  
  • Trigger Price: $68,000
     
  • Order Price: $67,500
     
  • Amount: 0.2 BTC
     
  • Outcome: The order is triggered when the latest price reaches $68,000, placing a buy limit order at $67,500 for 0.2 BTC.

Take-Profit and Stop-Loss Orders (TP/SL Orders)

TP/SL orders are essential tools for risk management, allowing traders to automatically secure profits or limit losses based on predefined conditions.

• Functionality: These orders are position-closing orders triggered when the latest or mark price reaches a specified trigger price. They convert into limit orders to take profit or stop loss.

OCO (One Cancels the Other) Orders

OCO orders allow traders to set both a take-profit and a stop-loss order. When one is triggered, the other is automatically cancelled.

Example: 

• For a BTC position opened at $65,000:
  
  
  • Take-Profit Limit: $68,000
     
  • Stop-Loss Trigger: $63,000

If the price hits $68,000, the take-profit order executes, cancelling the stop-loss order. Conversely, if the price drops to $63,000, the stop-loss executes, cancelling the take-profit order.

How to Trade Spot on Toobit

If you’re ready to start spot trading on Toobit, here’s a quick guide to get you going:

STEP 1: Log In to Your Account

• Visit the Toobit homepage and log in using your registered email address or phone number along with your password.

STEP 2: Navigate to the Trade Tab

• Once logged in, locate the “Trade” tab at the top left of the homepage. 

STEP 3: Select Your Desired Trading Pair

• Browse through the list of available trading pairs and select the one you wish to trade. For example, to trade Bitcoin (BTC) against Tether (USDT), choose the BTC/USDT pair.

Step 4: Choose an Order Type

Choose the order types that best fit your needs:

• Limit Order
   
• Market Order
   
• Trigger Order
   
• OCO Order

Step 5: Place Your Order

Choose to either buy or sell from the boxes next to each other, enter your order details, and submit the order.

Step 6: Monitor Your Orders

Open Orders:

• View all active orders that have yet to be filled out.
   
• Modify or cancel open orders as needed.

Order History:

• Access a detailed history of all your past trades, including executed and cancelled orders.

Leverage on Toobit

Leverage is a powerful tool in crypto trading, often used by experienced traders to boost their positions and potentially increase returns. However, this also means taking on significantly higher risk. Here’s how leverage and margin work on Toobit, along with essential considerations for traders.

Margin Requirements: The Basics

To enter leveraged positions, Toobit requires traders to meet specific margin requirements, divided into two key types:

• Initial Margin: This is the upfront collateral required to open a position. The higher the leverage, the lower the initial margin needed. However, high leverage also brings higher risks, as smaller price fluctuations can quickly impact the position.
   
• Maintenance Margin: Once a position is open, traders need to maintain a minimum balance (maintenance margin) to keep it active. Falling below this margin prompts a margin call, requiring additional funds to avoid liquidation. 

Choosing the Right Margin Mode

Toobit offers two margin modes to help manage risk:

• Isolated Margin Mode: Each position has a separate margin allocation, meaning the risk is confined to that specific trade. In the event of a loss, only the margin for that position is impacted, preserving the rest of the account.
   
• Cross Margin Mode: This mode shares the margin across all positions, maximising capital efficiency. However, it also increases exposure to risk, as a loss on one position could impact others by drawing from the shared margin pool.

Leverage Options

Toobit provides high leverage on various trading pairs, allowing traders to magnify their positions:

• BTC/USDT: Up to 150x leverage
   
• ETH/USDT: Up to 125x leverage
   
• Other Pairs: Vary, from 25x to 100x

❗IMPORTANT❗ Margin trading involves significant risks and should only be undertaken by experienced traders who understand the complexities and potential pitfalls associated with leveraging positions.

Risk Management: Liquidation Process

Toobit’s risk management includes an automatic liquidation mechanism:

If the margin ratio—reflecting the adequacy of collateral—falls to or below 100%, Toobit’s liquidation engine may close the position to prevent a negative account balance, selling at the “bankruptcy price” to cover losses. Monitoring margin ratios is essential, as positions nearing the liquidation threshold may be automatically closed to avoid further losses.

Copy Trading on Toobit

Copy Trading on Toobit allows traders of all levels to participate in the crypto market by following the strategies of experienced professionals. This feature simplifies trading by enabling users to choose between a set of vetted traders and automatically replicate their strategies.  

What is Copy Trading?

Copy Trading is an investment management tool that enables users to mirror the trading actions of seasoned professionals in real-time. By selecting a Pro Trader to follow, users—known as Copiers—automatically replicate the trader’s buy and sell orders in their own accounts. This hands-off approach eliminates the need for extensive market analysis and active trade management, potentially making it an attractive option for those who may lack the time or expertise to trade independently.

That being said, it’s important to remember that even professional traders experience losses, and these losses are carried forward to Copiers as well. So while Copy Trading can simplify the trading process, Copiers should remain mindful of the risks involved and choose Pro Traders whose strategies align with their own risk tolerance.

While you're here, you'd do well to check out our top picks for the best copy trading platforms.

How It Works

For Pro Traders, Toobit provides a platform to showcase their trading strategies and performance. These traders execute their trades, which are then mirrored by their followers. In return, Pro Traders earn a 15% share of the profits generated by their Copiers, incentivising them to maintain high performance and attract more followers.

Copiers benefit by accessing the strategies of successful traders without needing to develop their own. They can browse through a list of Pro Traders, review their performance metrics, and select the ones that align with their investment goals and risk tolerance. Once a Copier selects a Pro Trader, all of the trader’s future trades are automatically replicated in the Copier’s account in real-time, ensuring that they benefit from the trader’s expertise without manual intervention.

Fees on Toobit

Toobit employs a tiered fee structure based on VIP levels, determined by your account balance or 30-day trading volume. As your VIP level increases, trading fees for both futures and spot trading decrease. Here’s a table showcasing the different levels:

Like most exchanges, Toobit charges zero deposit fees for crypto. Withdrawal fees are dynamically adjusted based on network conditions, such as congestion and transaction size.

As a reminder, users who sign up using the “coinbureau” code will be upgraded to VIP Level 1 for life as long as they meet certain conditions.

👉 Sign Up For Toobit

Trading Bots on Toobit

Toobit offers two types of trading bots: the Futures Grid Bot and Futures DCA (Martingale) Bot, which can be helpful tools for those who may not have extensive trading experience.

However, it’s important to remember that trading bots come with their own risks and require regular monitoring and adjustments, as they do not guarantee profits. That said, let’s dive into each bot type.

Futures Grid Bot

Toobit’s Futures Grid Bot helps traders capitalise on market fluctuations by automatically placing buy and sell orders within a set price range. Ideal for sideways markets, the bot divides the selected range into multiple price levels, or “grids,” buying low and selling high as prices oscillate.

• Customisable Price Range: Allows traders to specify an upper and lower price boundary for trades.
• Grid Customisation: Traders can define the number of grids, determining the spacing and frequency of orders.
• Flexible Leverage: Choose leverage settings to amplify potential returns, although higher leverage can increase risk.
• Risk Management: Features options for Take Profit (TP) and Stop Loss (SL), providing control over gains and losses.

For instance, if BTC is trading at $65,000, the Futures Grid Bot might place buy orders at $64,500 and $64,000, and sell orders at $65,500 and $66,000.

Futures DCA (Martingale) Bot

The Futures DCA (Martingale) Bot employs a strategy of increasing position sizes following a loss, aiming to recover losses as the market turns favourable.

• Adaptive Position Sizing: Adjusts position size with each cycle to increase recovery potential.
• Cycle-Based Management: Operates in cycles that restart after hitting the TP target.
• Controlled Risk: Includes TP and SL settings, helping manage potential losses and secure profits.

For example, if a trader starts with a $100 investment and experiences a loss, the Martingale Bot will automatically place a $200 trade in the next round. This continues until a winning trade occurs or stop loss is triggered.

Setting Up Trading Bots on Toobit

Here's how to set up a trading bot on Toobit:

STEP 1: Accessing and Choosing a Trading Bot

• Log in to your Toobit account.
   
• Navigate to the "Derivatives" tab in the main navigation bar, and then select "Trading Bots" from the dropdown menu.
   
• Select either the Futures Grid Bot or Futures DCA (Martingale) Bot based.

STEP 2: Configure Bot Settings

• Futures Grid Bot: Set parameters such as the number of grids, price range, and leverage.
   
• Futures DCA (Martingale) Bot: Define initial investment amounts, escalation factors, and stop-loss levels to manage risk.
   
• AI Strategy: Choose an AI strategy without the need to make configurations yourself.

STEP 3: Launch the Bot

• Review your settings and click “Create Strategy” to activate your bot.
   
• Your Trading Bot will now operate automatically, executing trades according to your configured strategy.

Toobit Referral & Affiliate Programme

Toobit Affiliate Programme

The Toobit Affiliate Programme is designed for influencers, content creators, and individuals with extensive followings. It offers commissions for referring new users to the platform, enabling influencers to earn income by promoting Toobit.

Key Features:

• High Commission Rates: Affiliates can earn up to 50% of trading fees from the users they refer, making it a lucrative option for those with a large following.
• Real-Time Tracking: Affiliates gain access to an analytics dashboard, allowing them to monitor the performance of their referrals in real-time.
• Dedicated Support: Affiliates have access to resources, support, and product updates from Toobit, ensuring they can engage effectively with their communities.

Toobit Referral Programme

The Toobit Referral Programme is intended for average users who wish to earn commissions by inviting friends to trade on the platform. This programme is simple to join, offering a flat 10% commission on trading fees generated by referred friends.

Key Features:

• 10% Commission Rate: Referrers earn 10% of the net trading fees from each invitee’s transactions.
• Easy to Share: Users can access their unique referral code, link, or QR code directly in the Toobit app, making it easy to share with friends or community members.
• No Limits on Earnings: The more active traders a user refers to, the higher their potential income. 

Toobit Review: Closing Thoughts

While Toobit is a relatively new exchange in the cryptocurrency space compared to its established peers, it nevertheless offers most of the features that seasoned traders expect. From competitive trading fees to a comprehensive suite of trading options—including spot trading, leveraged futures, copy trading, and advanced trading bots—Toobit caters to both newcomers and experienced traders alike.

Toobit is also notably user-friendly, ensuring that even those new to cryptocurrency trading can navigate the platform with ease. The exchange is clearly committed to its users' security and the safety of their funds, implementing robust measures such as Two-Factor Authentication (2FA) on all accounts, conducting regular security audits, and holding the majority of assets in cold storage. Additionally, Toobit provides transparent Proof of Reserves, further ensuring users of the platform's financial integrity.

Overall, Toobit provides a reliable cryptocurrency exchange experience, covering essential features with a strong focus on security, diverse trading tools, and a competitive fee structure, making it a viable choice for a broad spectrum of users.

Disclaimer: This is a paid review, yet the opinions and viewpoints expressed by the writer are their own and were not influenced by the project team. The inclusion of this content on the Coin Bureau platform should not be interpreted as an endorsement or recommendation of the project or product being discussed. The Coin Bureau assumes no responsibility for any actions taken by readers based on the information provided within this article.