Toobit is a centralized cryptocurrency exchange, offering a variety of trading options, including spot trading, derivatives, and copy trading. With a focus on security and user experience, Toobit aims to provide a reliable platform for traders worldwide, supported by a team distributed across multiple regions.
What is Toobit?
Toobit is a cryptocurrency centralized exchange (CEX) that was launched in October 2022. Registered in the Cayman Islands and licensed under FinCEN, Toobit operates in a decentralized manner. The exchange provides various trading services, including spot trading, derivatives, and copy trading.
Toobit's Global Team and Commitment
Toobit's team is globally distributed, with members located in regions such as Russia, South Korea, and Turkey. Committed to delivering a secure, efficient, and diverse trading experience, Toobit offers a range of products and services to meet the needs of different types of traders.
Supported Countries and Restrictions
Toobit offers its services to customers in over 100 countries, excluding countries with service restrictions such as Iraq, Congo, and Mainland China.
List of Supported Coins
Toobit lists over 100 crypto tokens, including major coins like BTC, ETH, SOL, MATIC, APE, LTC, DOGE, AVAX, DOT, SHIB, and more.
Toobit's Fee Structure
Toobit employs a tiered fee structure based on a maker-taker model. The fee tiers include non-VIP, VIP 1, VIP 2, VIP 3, VIP 4, VIP 5, and VIP 6, with fees determined by users' 30-day trading volumes.
Leverage and Margin Trading
Toobit provides futures trading with leverage up to 150X. Users can engage in margin trading with available products, including BTC/USDT, ETH/USDT, LPT/USDT, XRP/USDT, and more perpetual contracts.
Upcoming Features: OTC Trading and API Services
Toobit plans to launch over-the-counter (OTC) trading, facilitating large-scale transactions for users. Additionally, Toobit offers API services, enabling users to automate their trading using their own software.
In summary, Toobit aims to be a comprehensive cryptocurrency exchange platform catering to a global audience with a diverse range of features and services.
What are the trading fees on Toobit?
Toobit employs a tiered fee structure based on a maker-taker model. The fee tiers include non-VIP, VIP 1, VIP 2, VIP 3, VIP 4, VIP 5, and VIP 6, with fees determined by users' 30-day trading volumes.
Does Toobit offer leverage trading?
Toobit provides futures trading with leverage up to 150X. Users can engage in margin trading with available products, including BTC/USDT, ETH/USDT, LPT/USDT, XRP/USDT, and more perpetual contracts.
Is Toobit safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
