Toobit Review [2025] | Cryptocurrency Trading 

In this review, we take a look at Toobit, a crypto exchange platform that offers a variety of services, including spot trading, contract trading, and copy trading for Bitcoin (BTC), Ethereum (ETH), and other popular cryptocurrencies.

About Toobit

However, as Toobit operates in a rather competitive industry, it raises questions about how the platform measures up in a highly competitive crypto industry. Hence, in this full-on review, we’ll break down every aspect of the platform—from usability and supported cryptocurrencies to trading tools, security features, and customer support.

Toobit overview and features

Toobit’s focus on user accessibility and core trading functionalities make it a solid option for traders looking for a relatively simple platform. It appears that Toobit balances simplicity with including features like futures trading and API integration, ensuring that it appeals to as wide as possible audiences.

The platform supports the following digital assets:

• Bitcoin (BTC);
• Ethereum (ETH);
• Tether (USDT);
• Tron (TRX);
• USD Coin (USDC);
• Axie Infinity (AXS)
• Frax Share (FXS);
• NEAR Protocol (NEAR);
• The Sandbox (SAND);
• Telegram Open Network (TON);
• Solana (SOL);
• Ripple (XRP);
• Dogecoin (DOGE);
• Polkadot (DOT);
• Cardano (ADA);
• Uniswap (UNI);
• Chainlink (LINK);
• Algorand (ALGO);
• Cosmos (ATOM);
• Tezos (XTZ);
• Kusama (KSM);
• Terra (LUNA);
• Trust Wallet Token (TWT).

Still, if we compare Toobit with its competitors, its offerings are somewhat limited in scope, making it better suited for traders who prefer a no-frills experience rather than some expansive, more advanced ecosystem.

Trading features

Toobit offers a range of trading features that cater to different levels of experience, from beginners making their first trades to advanced traders using algorithmic strategies.

The platform’s core trading options include:

• Spot trading: Spot trading is rather straightforward on Toobit. The trading interface is clean and features standard order types like market, limit, and stop-limit orders. This makes it easy for traders to buy and sell crypto assets, though the lack of advanced order options may be a limitation for some;

• Futures trading: Futures trading on Toobit is designed for experienced traders. With leverage options available, users can amplify their positions for greater potential profits (and losses). The platform supports popular futures pairs and provides real-time price data to help traders monitor their positions;

• Staking options: Toobit allows users to stake select cryptocurrencies to earn passive income. While the crypto staking rewards are competitive, the range of supported tokens is relatively small compared to platforms like KuCoin, which offers a broader selection of staking opportunities.

Additionally, the platform offers API integration for automation, making it a versatile choice for traders with varying needs, as well as a copy trading feature. So, let’s explore these additional features in more detail now.

API and copy trading

The platform’s API access is a significant feature for advanced users. Traders can automate strategies, retrieve market data, and execute orders. This is especially appealing for high-frequency traders and developers.

On the other hand, Toobit offers a copy trading feature that allows users to automatically replicate the trading actions of experienced and successful traders within the platform.

This feature is particularly appealing for those new to trading or those who wish to benefit from the insights of more seasoned traders. When the trader you are copying makes a move, the same trade is executed in your account based on the proportion you’ve set.

Toobit offers two main copy trading options—Instant Copy Trading and Pro Trader Copy Trading.

• Instant Copy Trading: This feature allows followers to immediately copy the trading strategy of a pro trader based on their existing positions;

• Pro Trader Copy Trading: The other copy trading feature enables pro traders to close independent orders without affecting other orders, providing more flexibility and efficient capital utilization. Pro traders on Toobit can also earn commissions from followers who copy their trades, with a 15% profit share for each trade copied.

Toobit Rewards feature

Toobit’s Rewards feature offers users various incentives to engage with the platform. Users can earn rewards such as USDT bonuses, discount vouchers, and other rewards by participating in different tasks and activities.

For example, new users can receive a bonus for their first deposit, and there are limited-time tasks that reward users for trading specific pairs or inviting friends to join the platform.

Toobit derivatives

Toobit offers a variety of derivative products to enhance users’ trading experience. These products allow traders to leverage their positions, automate strategies, and practice in a risk-free environment. Now, let’s take a look at each of these.

USDT-M Perpetual

Toobit offers USDT-M Perpetual Futures contracts, allowing users to trade with leverage. Users can earn rewards by trading these perpetual contracts, which are highly leveraged and come with strict risk management measures to ensure the safety of funds. Rewards may include USDT bonuses and other incentives for active trading.

Lite Perpetual

Lite Perpetual is a simplified version of USDT perpetual contracts designed for ease of use. It offers a user-friendly interface and streamlined trading operations. Users can earn rewards by trading Lite Perpetual contracts, benefiting from transparent pricing, high liquidity, and advanced risk management tools.

Demo trading

Demo Trading allows users to practice crypto trading without risking real money. Users can familiarize themselves with the trading platform and test strategies in a simulated environment.

Bots

Toobit offers Futures Grid Bots, which are automated trading tools that execute predefined strategies. Users can set up grid trading bots to automatically place buy and sell orders within a specified price range. By using bots, traders can maximize potential returns and earn rewards through successful trading strategies.

Liquidity and trading volume

Liquidity is a critical factor for any trading platform, as it directly affects the ease and efficiency of executing trades. In this area, Toobit performs well for major trading pairs like BTC/USDT and ETH/USDT, with minimal slippage. 

How to get started with Toobit: Step-by-step guide

Setting up an account on Toobit is an easy process, even for those new to cryptocurrency trading. Here’s a detailed guide to help you get started:

Step 1: Register an account

First things first. To get started, visit Toobit or download the official app from the App Store or Google Play Store. In case you use an Android device without access to the Play Store, you can also download the APK version of the app and install it independently.

Once you download and open the app, you’ll be greeted with the home screen. In the middle, you’ll see the Sign In or Sign Up button. Tap on the button and proceed by providing your email address or phone number and creating a password.

Follow that up by accepting the Terms of Use, choosing whether you want to receive promotional emails from Toobit, and tapping the Sign Up button.

Next, you’ll be greeted with email verification. So, check your email, enter the six-digit code that Toobit sent you, and submit it to confirm your account. After you do so, you’ll see the home screen showing the Make a Deposit button in the middle of the screen.

Step 2: Deposit funds and start trading

With an account ready, you’ll be able to make a deposit. Tap the already mentioned Make a Deposit button and choose between the two options—Deposit cryptocurrency or Buy Crypto if you don’t have digital assets already.

Finally, with assets in your account, you’ll be ready to explore Toobit’s trading options, including spot trading, futures, and staking.

Supported cryptocurrencies on Toobit

Toobit offers a decent selection of cryptocurrencies, including both popular coins and emerging altcoins. While the variety is suitable for most traders, it is not as extensive as on some other platforms.

Cryptocurrency	Symbol	Trading pairs	Liquidity
Bitcoin	BTC	BTC/USDT, BTC/EUR	High
Ethereum	ETH	ETH/USDT, ETH/BTC	High
Solana	SOL	SOL/USDT, SOL/BTC	Medium
Ripple	XRP	XRP/USDT, XRP/ETH	Medium
Dogecoin	DOGE	DOGE/USDT, DOGE/BTC	Medium

Table 1: Popular supported cryptocurrencies on Toobit.

Toobit pros and cons

Before diving deeper into the specifics, let’s take a look at the key strengths and limitations of Toobit, for a balanced view of what the platform offers.

Is Toobit safe?

Security is a top priority for cryptocurrency traders, and Toobit employs several measures to protect user accounts and funds. While the platform adheres to industry standards, it lacks some advanced safety features that other exchanges offer. Below is a breakdown of Toobit’s safety protocols and potential gaps:

• Two-factor authentication (2FA): Users can enable 2FA to add an extra layer of security during the login and withdrawal processes;

• Cold wallet storage: Toobit stores the majority of user funds in offline wallets, reducing exposure to hacking attempts. This is a standard practice among cryptocurrency exchanges;

• Data encryption: The platform employs encryption protocols to safeguard sensitive user data, such as personal information and account details;

• Regular security audits: Toobit conducts internal reviews and updates to ensure the platform remains secure.

Customer support

Toobit’s customer support is available through a dedicated support page where users can submit requests by detailing their issues and attaching relevant documents. The support team aims to respond promptly; however, for urgent matters, users can also reach out to the support team directly via email.

The customer support service covers various topics, including:

• Account recovery;
• Security concerns;
• Deposit and withdrawal issues;
• General platform inquiries.

Support is provided for tasks such as resetting phone or email verification and guidance on using the platform’s features. Toobit seeks to offer support to ensure users can navigate the platform effectively and securely.

How does Toobit compare to its competitors?

It’s no secret that Toobit operates in a competitive market, facing competition from major players. That said, let’s take a look at a comparison of Toobit’s features, strengths, and limitations against its key competitors.

• Fees and costs: Toobit’s trading fees are competitive and on par with Binance and KuCoin. However, unlike Kraken, Toobit does not charge higher fees for small-volume trades;

• Cryptocurrency selection: Toobit offers a limited range of cryptocurrencies compared to Binance and KuCoin, which support hundreds of tokens. This narrower selection may not meet the needs of traders looking for niche assets;

• Futures trading: Toobit provides futures trading with leverage options, a feature shared with Binance and KuCoin but absent on Kraken. While Toobit’s futures platform is functional, it lacks advanced features like cross-margin trading, which Binance offers;

• Security: Toobit provides standard security measures, such as 2FA and cold wallet storage, but lacks insurance for user funds, which is available on Coinbase and Kraken.

• Ease of use: Toobit’s simple interface makes it more beginner-friendly than KuCoin, which can feel overwhelming for new users due to its extensive features;

• Customer support: Toobit offers live chat support, but its response times and lack of phone support make it less robust than Kraken’s customer service, which is highly rated for its efficiency.

Toobit Academy and support channels

To find out more about the Toobit platform and what it offers, you can explore its official website and social media accounts. You can also check out its dedicated support page for more information on the project itself as well as additional content related to crypto. And if you want to educate yourself about crypto, Toobit also offers a learning platform.

The offered resources are tailored to different experience levels, from beginners to advanced traders, and include:

• In-depth articles;
• Advanced insights;
• Step-by-step user guides.

That said, Toobit is also present on all popular social media platforms and has dedicated pages for three different communities, including the UK, the Persian community, and Canada. When it comes to the UK community, you can follow Toobit on:

• X (formerly Twitter);
• Instagram;
• Telegram Group;
• Telegram Channel;
• Reddit;
• Discord;
• Facebook Page;
• Facebook Group;
• Medium;
• YouTube.

The bottom line

In summary, Toobit is a platform that caters primarily to users who value simplicity, affordability, and essential trading features.

The clean interface and competitive fee structure make Toobit a solid choice for beginners and casual traders who are looking to dip their toes into the cryptocurrency market without being overwhelmed by complex tools or an extensive range of features.

Also, the quick registration process, combined with straightforward spot trading and basic futures options, ensures that new users can get started without a steep learning curve.

However, Toobit is not without its limitations. Its relatively small selection of cryptocurrencies may restrict opportunities for diversification, especially for traders interested in niche or emerging tokens.

For more experienced traders, the absence of advanced features such as cross-margin trading or insurance funds may be a drawback. These traders may find other platforms better suited to their needs, as these exchanges provide more extensive ecosystems, advanced tools, and a broader range of assets.

That said, Toobit fills a specific niche in the market. It’s ideal for those who prefer a no-frills approach to crypto trading—offering the essential tools and functionality needed to trade effectively without unnecessary distractions. Its low fees and user-friendly design make it an attractive option for those who prioritize simplicity and cost-effectiveness over advanced trading features.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs on Toobit

What is Toobit?

Toobit is a cryptocurrency exchange platform that provides users with tools for trading digital assets, including spot trading, futures trading, and staking. It focuses on simplicity and affordability, making it accessible to beginners and casual traders.

Where is Toobit from?

Toobit is a global cryptocurrency exchange based in the Cayman Islands.

Is Toobit safe to use?

Yes, Toobit employs standard security measures such as two-factor authentication (2FA), cold wallet storage for the majority of funds, and encryption protocols. However, it does not offer insurance for user assets, which some competitors provide.

Is Toobit exchange legit?

Yes, Toobit is considered legit. It has a positive average user review on Trustpilot where it currently has a score of three out of five stars.

What cryptocurrencies can I trade on Toobit?

Toobit supports a range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Dogecoin (DOGE). However, its selection is more limited compared to some other platforms.

What are Toobit’s trading fees?

For spot trading fees, the taker fee is 0.2% and the maker fee is 0.02%, while for futures trading fees, the taker fee is 0.06% and the maker fee is 0.02%. Additionally, Toobit offers a VIP program with reduced fees based on trading volume and balance and a Market Maker Incentive Program with referral rebates.

Does Toobit support futures trading?

Yes, Toobit offers futures trading with leverage options. This feature allows traders to speculate on the future price of cryptocurrencies, either going long or short. However, beginners should use leverage cautiously due to the associated risks.

Can I stake cryptocurrencies on Toobit?

Yes, Toobit offers staking options for select cryptocurrencies, allowing users to earn passive income on their holdings. The platform provides clear information on staking rewards, but its staking portfolio is relatively limited compared to other exchanges.

Does Toobit allow fiat deposits?

No, Toobit does not currently support fiat deposits. Users need to deposit cryptocurrencies into their accounts to start trading. This could be a limitation for those new to crypto or transitioning from traditional financial systems.

Is Toobit available in my country?

Toobit is accessible in multiple regions worldwide, but certain features, such as futures trading, may be restricted in some jurisdictions due to local regulations. Check Toobit’s terms of service or contact customer support for region-specific details.

How do I register an account on Toobit?

You can register on Toobit by visiting its website or downloading its app, clicking on Sign Up, and providing your email address or phone number. After verifying your account through a code sent to your email or phone, you can start trading.

Does Toobit offer customer support?

Yes, Toobit provides 24/7 customer support through live chat and email. While the live chat is generally responsive, email queries may take longer to resolve. The platform also has an FAQ section for common issues.

How does Toobit compare to Binance and other competitors?

Toobit is more straightforward and beginner-friendly but lacks the extensive coin offerings, advanced tools, and educational resources provided by competitors like Binance and KuCoin. Its lower fees and simple design make it ideal for casual traders, while advanced users might prefer platforms with broader ecosystems.

Does Toobit have a mobile app?

Yes, Toobit offers a mobile app for iOS and Android devices. The app allows users to trade, monitor portfolios, and analyze market trends. It is reliable for on-the-go trading, although occasional connectivity issues have been reported.

What security measures does Toobit use?

Toobit uses two-factor authentication (2FA), cold wallet storage, and encryption to protect user accounts and data. However, it does not provide insurance for user funds in the event of a breach.