Binance.US vs Toobit

How Binance.US vs Toobit compare on our ratings, exchange specs, funding, pros and cons.

VS
Toobit3.9/5
Feature
Ratings
Our score4.1/53.9/5
User ratingNo reviews yetNo reviews yet
Fees5.04.5
Security & trust4.03.5
Asset selection4.04.0
Ease of use4.04.0
Support3.53.5
Specs
MarketsSpot, OTCSpot, Futures, Copy trading, P2P, OTC
Maker fee0%0%
Taker fee0.02%0%
Coins listed200Not disclosed
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHCard, Apple Pay, P2P
KYC required Yes Yes
Accepts US customers Yes No
Proof of reserves Yes Yes
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesPolish Financial Supervision Authority VASP, US FinCEN MSB
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certifiedISO/IEC 27001:2022, Bee-Safe infrastructure, Proof of Reserves, Anti-phishing code, Passkeys, Google Authenticator
Futures & perpetuals No Yes
Max leverage (x)Not disclosed500
Copy trading No Yes
P2P market No Yes
Earn / savings products YesNot disclosed
User protection fund No Yes
Referral program Yes Yes
Company
Founded20192022
HeadquartersUnited StatesCayman Islands
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1Not disclosed
Strengths and weaknesses
Pros
  • 0% maker fees across all 250+ spot trading pairs
  • Zero-fee fiat deposits and withdrawals through bank ACH transfers
  • SOC 2 Type II and ISO 27001 third-party security audits
  • Staking support across 25+ proof-of-stake cryptocurrencies
  • Registered as a Virtual Asset Service Provider with the Polish Financial Supervision Authority
  • Publishes monthly 1:1 proof of reserves data
  • Perpetual contract leverage available up to 500x
  • Card and Apple Pay deposits supported across 50 fiat currencies
Cons
  • Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas
  • ACH fiat deposits carry a mandatory 7-day withdrawal hold
  • Centralized custody model requires full trust in the exchange for fund safety
  • Mandatory KYC identity verification required before trading or depositing
  • Discontinued all services for United States customers in July 2024
  • Requires full KYC verification for fiat and standard operations
  • Centralized custody model exposes user deposits to platform insolvency risks
  • Zero-fee promotional spot rates exclude API trading activity
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsHigh-leverage derivatives traders, European crypto traders needing VASP compliance, Traders seeking tokenized equity contracts

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.