According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5
- Toobit proprietary browser platform
- High level of security, Zero Slippage copy-trading Pairs supported, multiple trading tools (Futures Grid and Futures DCA(Martingale))
Our Evaluation of Toobit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Toobit is a moderate-risk cryptocurrency exchange with the TU Overall Score of 6.33 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Toobit clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Toobit is a reliable, user-friendly cryptocurrency trading platform offering high-security standards and a variety of trading tools. It's perfect for retail traders seeking a simple and efficient way to trade cryptocurrencies.
Brief Look at Toobit
Toobit is a modern cryptocurrency trading platform offering a wide range of trading tools and services. Users can trade popular cryptocurrencies like Bitcoin, Ethereum, and various altcoins. Toobit is committed to providing a secure and user-friendly environment for traders of all experience levels.
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- A wide selection of cryptocurrencies for trading.
- High-security standards, including two-factor authentication and cold storage of assets.
- Low transaction fees.
- An intuitive interface is suitable for both beginners and experienced traders.
- Not available for all countries.
TU Expert Advice
Financial expert and analyst at Traders Union
Toobit is a modern, secure platform for cryptocurrency trading. It offers a wide range of cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).
The main advantages of the Toobit platform lie in its high level of security and low transaction fees. The platform ensures two-factor authentication and cold storage of assets, guaranteeing the safety of user funds.
Additionally, the platform offers low transaction fees and a user-friendly, intuitive interface for seamless trading.
I believe that Toobit is a reliable platform, suitable for both experienced traders and novice investors seeking a secure and convenient trading environment.
Toobit Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Toobit proprietary browser platform |
|---|---|
| 📊 Accounts: | Cryptocurrency accounts |
| 💰 Account currency: | USD, BTC, ETH, and others |
| 💵 Deposit / Withdrawal: | Bank accounts and cards, crypto wallets |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | Up to 1:150 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No minimum order size |
| 💱 Commission: |
Spot: 0,2%-0,2% Futures: 0,04%-0,06% |
| 🔧 Instruments: | 354 supported coins, Futures, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | App available for iOS and Android |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit order, Market order |
| ⭐ Trading features: | High level of security, Zero Slippage copy-trading Pairs supported, multiple trading tools (Futures Grid and Futures DCA(Martingale)) |
| 🎁 Contests and bonuses: | No |
Toobit offers trading conditions suitable for both institutional and retail investors. It is a unified platform that allows trading in various cryptocurrencies and derivatives from a single account. Additionally, the platform supports copy trading, enabling less experienced traders to benefit from the strategies of more successful and experienced ones.
Toobit Key Parameters Evaluation
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Regulation and safety
With a 5.5/10 score, Toobit demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Cold wallet storage
- No successful hacks history
- Facial recognition
- 2FA
- Not tier-1 regulated
- No investor protection fund
- Not government-regulated
- Not U.S regulated
Toobit Security Factors
We also compared Toobit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Toobit | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | Yes | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Toobit a regulated crypto exchange?
Toobit is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Toobit is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Toobit?
Yes, KYC verification is mandatory at Toobit. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Toobit available?
Toobit complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Singapore, China, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Toobit support.
Is Toobit available in the USA?
Yes, Toobit is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Toobit commissions and fees
Toobit received a 4.5/10 score for its commission structure, indicating that its fees are higher than the market average based on an evaluation of over 100 cryptocurrency exchanges.
- No deposit fee
- Futures fees above industry average
- Spot fee above industry average
- Withdrawal fee may be applied
What are Toobit trading fees?
We analyzed Toobit’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Toobit trading fees vs competitors
| Toobit | Huobi Global | WhiteBIT | Industry average | |
| Spot, maker fee (%) | 0,2 | 0,2 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,2 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,04 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,06 | 0,05 | 0,05 | 0.053 |
What are Toobit deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0004 ВТС 0,0044 ЕТН |
Does Toobit offer P2P trading?
No, Toobit does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Toobit received a 5/10 rating for its deposit and withdrawal services. While Toobit covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- No deposit fees
- Google Pay supported
- Many cryptocurrencies for deposits and withdrawals
- No support for bank card payments
- No P2P transfer option
- Withdrawal fee applies
Deposit and withdrawal options
Toobit supports the following deposit and withdrawal options: Crypto, Advcash Wallet, Google Pay, Apple Pay.
Toobit Deposit and withdrawal options vs competitors
What is Toobit minimum deposit?
The minimum deposit at Toobit is 5 USD/USDT or 0,0005 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Toobit minimum deposit vs competitors
| Toobit | OKX | Kraken | |
| Minimum deposit, USD or USDT | 5 | 10 | 10 |
| Minimum deposit, BTC | 0,0005 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Toobit support fiat money?
Toobit supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Toobit received a score of 6.5/10 in this category, reflecting a solid selection of tradable assets and markets. Toobit supports 354 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Fiat currencies supported
- Crypto futures available
- Crypto copy trading available
- Yield farming not available
- Crypto options not available
Toobit supported coins and markets vs competitors
We compared Toobit with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Toobit | OKX | Kraken | |
| Supported coins | 354 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Toobit passive income options vs competitors
We also compared Toobit with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Toobit received a score of 8/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Positive user feedback on the iOS app
- Advanced tools and automation with API
- Automated trading with bots
- Fast and secure login with Face ID
- No access to TradingView features
- No standalone desktop access
- Advanced orders not available
Trading apps
Toobit provides web and mobile apps for both Android and iOS users, with an average rating of 4,9 on the App Store and 4,5 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Toobit platform is for mobile use.
| Toobit | Bybit | |
| 2FA | Yes | Yes |
| Face ID | Yes | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | Yes | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Toobit offer a desktop app?
No, Toobit does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Toobit offer advanced charting with TradingView integration?
No, Toobit does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://www.toobit.com/en-US |
|---|
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