Assessing Toobit in 2025: Is Toobit a Secure Platform for Cryptocurrency Transactions?
Gear up for the lowdown on Toobit, the popular cryptocurrency exchange! Wondering if it's the right spot for your crypto trading journey? This review covers everything you need to know.
TL;DR:
- Offering an intuitive and feature-packed experience, Toobit is a go-to platform for both beginners and experts in the crypto space.
- So far, its security systems have remained untouched by hackers.
- The onboarding process is easy-peasy. However, if you're a US resident, you're outta luck as Toobit is not available in the USA.
- Pros of Toobit include its user-friendly interface, variety of trading options, advanced features for high-volume traders, Proof of Reserves, 2FA, cold storage, and decent liquidity.
- A major con is the absence of bank transfer support for withdrawals.
Toobit in 2025: Where to Start
Known as a centralized cryptocurrency exchange, Toobit hails from the Cayman Islands[1]. Registered in 2022, it's from the same island paradise that hosts many other crypto exchanges like BitMEX and, until recently, Binance. Toobit's services are accessible in more than 100 countries, offering a broad range of trading services, including spot trading, leverage trading, copy trading, trading bots, and more[1].
Its interface is familiar and easy to navigate, making it suitable for both newbies and artisan traders. This article highlights several key features, which we'll delve into further below[1]:
- Competitive fee structure
- User-friendly interface with multiple functionalities
- Extensive range of trading tools
- Emphasis on security and ongoing efforts in this regard
- Abundance of educational materials
- Support for numerous cryptocurrencies
Signing Up: KYC Guidelines
While Toobit is accessible in more than 100 countries, any residents of Mainland China, Hong Kong, Singapore, and high-risk regions like the US are outta luck[1]. If you're not on this list, opening an account on Toobit is a breeze. Just head to the signup button on the homepage, and choose among these four options: email, Google account, Apple account, or Telegram account. Use an active email address, and you'll receive an activation code to complete your registration[1].
Once registered, head to the account settings to verify your identity. Verify at either the basic or advanced level. Basic verification requires basic account information and allows 24-hour withdrawals up to 5 BTC, while advanced verification requires more documentation, allowing withdrawals of up to 50 BTC per day. Both options offer unlimited deposits and the ability to buy crypto with fiat currency[1].
*Insider tip: Activate two-factor authentication (2FA) through a phone number or an authenticator app like Google Authenticator immediately after account setup[1].
Deposits and Withdrawals
Toobit accepts crypto deposits on-chain, and you can also buy crypto using a debit or credit card, provided you pass at least the basic identity verification[1]. However, withdrawals can only be made on-chain, and Toobit doesn't support bank transfers[1].
Cryptocurrencies Supported
Toobit accommodates a wide range of cryptocurrencies for deposit, including BTC, ETH, USDC, SOL, USDT, and more[1].
Is Toobit Safe in 2025?
Yes, Toobit can be considered a secure platform in 2025. It regularly undergoes security audits from Hacken, Beosin, and Elliptic, and they implement Proof-of-Reserves to ensure that users' funds are backed 1:1 transparently. Their focus on privacy protection and global data compliance is top-notch, alongside AES-256 encryption and zero-trust architecture security measures[1].
Account-wide security measures
Similar to many other exchanges, Toobit offers account-wide security measures, including:
- Two-factor authentication through email, phone, or an authenticator app.
- Anti-phishing codes sent to email to prevent phishing attempts.
- Third-party account management: You can bind your account to your Google, Apple, or Telegram account[1].
Broader security measures
Toobit takes additional steps to safeguard its users' funds. Apart from the traditional account-wide measures, they've implemented several other security features[1]:
- Proof of Reserves
- Scalable and high-performance multi-cloud architecture
- AES-256 encryption, zero-trust architecture
- Multi-factor authentication
- Cold storage and regular security audits[1].
Trading on Toobit
Toobit offers a comprehensive suite of trading tools, catering to both beginners and seasoned traders[1]. The trading interface is familiar and offers a sense of familiarity.
Supported Cryptocurrencies for Trading
Toobit supports a vast array of cryptocurrencies available for trade in both its spot and derivative markets[1]. These include BTC, ETH, XRP, DOGE, ARB, LTC, SOL, SHIB, ETC, ADA, and hundreds more.
Order Types
For both spot and leverage trading, Toobit provides several order types. These include limit orders, market orders, and trigger orders[1].
- Limit orders execute at a pre-specified (or better) price, while market orders execute immediately at the best available market price.
- Trigger orders mean that if the market reaches the trigger price, the system automatically places an order based on a pre-set order price and quantity. You can choose between a market and a limit order[1].
In addition to these order types, Toobit offers advanced tools like OCO (One-Cancles-the-Other) for professional and experienced investors[1].
Fee Structure
Fees on Toobit depend on whether you're trading spot or futures, as well as your VIP status, which is based on your account balance[1]. Here is a comprehensive breakdown:
How to Trade Spot on Toobit
Trading spot on Toobit is straightforward[1]. Just select your order type and set the parameters. Click the corresponding buy or sell button, depending on which asset you want[1].
How to Trade Futures on Toobit
Trading futures on Toobit requires a bit more work than trading on the spot[1]. Here's a step-by-step guide:
- Select the margin mode (Cross or Isolated) in the top right corner. Cross means all positions share the same asset cross margin balance, and Isolated means each position only takes the margin you've posted for that specific position.
- Choose your desired leverage from the leverage button. Anything above 5x is risky, and even 5x is considered a lot. Be cautious!
- Select your order type (limit, market, or trigger).
- Click the "Buy Long" or "Sell Short" button depending on the direction of your prediction.
- Monitor and close your positions as needed.
Copy Trading on Toobit
Copy trading is a popular feature, and Toobit has hopped on board[1]. Simply click the Copy Trading button from the top navigation menu. Set the parameters for copying a trader's moves.
Insider tip: Copy trading comes with risks. The trader you're following may use different position sizes, have a different risk appetite, and have numerous other unique factors[1].*
Trading Bots
From the top navigation menu, access the Derivatives Trading section, and check out the available trading bots[1]. Keep in mind that setting up successful trading bot strategies requires expertise.
TradingView Integration
Toobit has successfully integrated its futures trading platform with TradingView, the industry-leading, trusted, and feature-rich charting solution[1].
Toobit Convert
Toobit offers a converter to switch coins directly on its platform[1]. This feature is available for all cryptocurrencies supported in its Spot Account conversion feature.
Toobit Gifts
Toobit has a Gifts feature that allows users to send spot cryptocurrency as gifts to their Telegram contacts[1]. Choose between a standard gift, which splits the specified amount evenly, or a lucky gift, which send a random amount for a more exciting experience.
Toobit Customer Support
Toobit offers a variety of customer support formats. Its educational materials and FAQs will help users resolve their queries more independently. However, genuine concerns might require human intervention. There is an AI-based support agent for basic inquiries, and for complex issues, open a ticket through their help center[1].
FAQs
Is Toobit regulated?
Yes, Toobit has obtained a financial license supervised and issued by the Money Services Business (MSB) in the United States under registration number: 31000234013623[1].
Does Toobit have Proof-of-Reserves?
Yes, Toobit implements Proof-of-Reserves as part of its security efforts to transparently prove that users' deposits are backed 1:1 by exchange balances[1].
Does Toobit require KYC?
While KYC is not required to register an account, passing some form of identity verification (either basic or advanced) is necessary to make withdrawals[1].
Final Verdict: Toobit Review 2025
After a thorough exploration of the exchange and its documentation, we conclude that Toobit offers an intuitive, user-friendly trading experience. Its focus on security is evident, as it hasn't experienced any reported security incidents. However, some questions remain unanswered. For example, if Toobit has obtained an MSB license in the US, why is it not accessible for US traders? Additionally, the lack of bank transfer support for withdrawals is a significant drawback. Other than these, Toobit provides a holistic trading experience.
This review has been prepared in collaboration with Toobit.
- Toobit, a popular cryptocurrency exchange based in the Cayman Islands, offers an extensive range of trading services, including spot trading, copy trading, trading bots, and leverage trading.
- Security is a priority for Toobit, with regular security audits, Proof of Reserves, AES-256 encryption, and zero-trust architecture security measures in place.
- US residents are currently unable to access Toobit as it is not available in the USA.
- Toobit's trading interface is user-friendly and offers a variety of trading tools, as well as support for numerous cryptocurrencies.
- Toobit's onboarding process is straightforward and includes KYC guidelines, with basic and advanced verification levels available.
- Withdrawals can only be made on-chain, and bank transfer support is not available.
- Educational materials, customer support, TradingView integration, and the Toobit Convert feature are additional highlights of the Toobit platform.
