⭐ Quick Verdict

Rating: 8.2 / 10

Toobit has grown fast since its 2022 launch, offering 1,000+ cryptocurrencies, high-leverage futures, copy trading, grid/DCA bots, and optional KYC. Its clean UI and low fees make it ideal for beginners and altcoin traders in global markets. 

But Toobit comes with mixed user reviews, limited fiat channels, and some withdrawal-delay complaints — meaning it’s best suited for active traders who manage risk and don’t store long-term funds on exchanges.

What Is Toobit?

Toobit is a centralized cryptocurrency exchange founded in 2022, operating globally with a focus on:

• Spot Trading (1,000+ assets)
• High-Leverage Perpetual Futures (up to ~200×)
• Copy Trading
• Automated Trading Bots (Grid & DCA)
• Crypto Staking & Earn Products
• Simple fiat gateways via third-party payment partners

Its mission is accessibility first: fast onboarding, optional verification, and beginner-friendly design.

Toobit sits somewhere between MEXC, Gate.io, and Bitunix — but leans more toward simplicity and automation tools.

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Supported Regions & Restrictions

✔ Available in Most Regions Worldwide

Toobit is open to users from:

• Africa (South Africa, Nigeria, Kenya, Ghana)
• Europe (most EU regions)
• LATAM (Brazil, Argentina, Colombia)
• MENA (UAE, Saudi Arabia, Turkey)
• Asia-Pacific (India, Philippines, Pakistan, Indonesia)

Its global availability is one of its strongest selling points.

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❌ Restricted Countries

Toobit does not support:

• United States
• Singapore
• Mainland China
• Hong Kong
• Some sanctioned regions

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Regulatory Overview

Toobit claims:

• MSB registration
• Proof-of-reserves audits
• Regular third-party security reviews

But it does not hold Tier-1 licenses like Coinbase or Kraken.

Bottom line:
Good global access, but not suitable for traders who need top-tier compliance.

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KYC Requirements

One of Toobit’s biggest appeals is its flexible verification model.

KYC Optional (Tier 0)

Without verification, users can:

• Trade spot
• Trade futures
• Withdraw up to ~5 BTC/day (varies by region)
• Use bots
• Use copy trading

KYC Required (Tier 1+)

Needed for:

• Larger withdrawals
• Fiat card purchases
• VIP fee tiers
• Proof-of-residency requirements

This hybrid system makes Toobit ideal for privacy-focused and emerging-market users.

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Toobit Trading Features

1. Spot Trading 

Toobit lists a massive catalogue of:

• Major coins (BTC, ETH, SOL, BNB, XRP)
• Meme coins
• Emerging AI tokens
• GameFi/NFT tokens
• Micro-cap altcoins
• Trending new listings

The interface is:

• Clean, uncluttered
• TradingView-powered
• Beginner-friendly
• Fast and responsive

Liquidity:
Strong on majors; mixed on small caps — typical for high-listing exchanges.

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2. Futures Trading (up to 200× Leverage)

Toobit’s perpetual futures are a major selling point:

• 200× maximum leverage
• USDT-M futures
• Wide selection of contracts
• Isolated & cross-margin
• Clear liquidation indicators
• Competitive funding rates

It’s not as advanced as Bybit or Hyperliquid, but it’s more than sufficient for:

✔ Retail futures traders
✔ Copy-trading users
✔ Grid/DCA futures strategies

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3. Copy Trading 

Toobit’s copy trading is simple but effective:

• Access to ranked top-traders
• PnL, win rate, AUM, drawdown metrics
• Auto-copy & manual allocation
• Flexible stop-loss and take-profit

This attracts new traders who want hands-off exposure.

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4. Grid Bots & DCA Bots

Built-in:

• Grid trading bots for sideways markets
• DCA bots for long-term positioning
• Customisable bot parameters
• Strategy suggestions

This is a huge edge for beginners who want automated trading without external tools.

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5. Earn & Staking

Toobit includes:

• Staking pools
• Flexible rewards
• Dual investments
• Seasonal high-yield events

Returns vary, but offerings cover the basics.

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Toobit Fees 

Toobit’s fee schedule is competitive compared to MEXC, Bitunix, and Bybit.

Spot Fees

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Futures Fees

These are industry-standard and competitive for retail futures.

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Supported Assets & Markets

Toobit supports:

• 1,000+ cryptocurrencies
• Hundreds of futures markets
• New token listings weekly
• Stablecoins (USDT, USDC)

For users wanting long-tail exposure, Toobit ranks among the top.

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Security & Transparency

✔ Security Features

• 2FA
• Biometric login (mobile)
• Cold-storage wallets
• Anti-phishing authentication
• Multi-signature controls
• Proof-of-reserves audits

✔ Third-Party Audits

• Hacken audit
• Internal and external pen-testing

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BUT — User Complaints Exist

Trustpilot rating: ~2.8 / 5

Common issues:

• Withdrawal delays
• “Additional verification requested after profits”
• Slow support responses

These are NOT universal but are important for users to know.

Recommendation:
Avoid holding long-term funds on Toobit. Withdraw profits regularly.

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User Experience & Support

Desktop/Web

Pros:
✓ Clean UI
✓ Smooth charting
✓ Simple navigation
✓ Great for new traders

Mobile App

• iOS & Android
• Fully featured (spot, futures, bots, copy-trading)
• Good performance

Customer Support

• 24/7 live chat
• Email ticket system
• Telegram communities

Some users report slow responses — typical for mid-tier exchanges.

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Toobit Pros & Cons

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Toobit vs Competitors

Toobit vs Bitunix

Toobit wins on features; Bitunix wins on simplicity.

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Toobit vs MEXC

MEXC wins for deep liquidity. Toobit wins for simplicity.

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Toobit vs Bybit

Bybit is objectively stronger, but Toobit appeals to privacy-focused users.

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⭐ Final Rating: 8.2 / 10

Best For:

✔ Beginners
✔ Altcoin traders
✔ Privacy-focused traders
✔ Users who want bots and copy trading
✔ Emerging-market traders

Not Ideal For:

✗ Institutional traders
✗ U.S. users
✗ Traders needing deep liquidity
✗ Anyone who wants Tier-1 regulation
✗ Users who want strong fiat banking

Final verdict:
Toobit is a feature-rich, globally accessible crypto exchange offering strong tools and optional KYC. It’s powerful for beginners and mid-level traders — but users should remain mindful of withdrawal complaints and avoid parking large balances on the exchange.

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Toobit 

Is Toobit safe?
Technically well-secured, but user complaints about withdrawals require caution.

Does Toobit require KYC?
No — users can trade and withdraw moderate amounts without verification.

Does Toobit support the US?
No — U.S. traders are restricted.

How many cryptocurrencies does Toobit offer?
Over 1,000 assets across spot and futures.

Are Toobit fees low?
Yes — spot ~0.075% and futures ~0.02%/0.06%.

Does Toobit have copy trading and bots?
Yes — both are built in and beginner-friendly.

Get started on Toobit.