We spend so much time discussing Bitcoin's price that it's easy to forget why it was created in the first place. https://t.co/RhiDAMWfIM
Toobit
Centralized crypto exchange with perpetual contracts up to 500x leverage and monthly proof of reserves
3.9/ 5
Our score
Good
Maker fee
0%
Taker fee
0%
KYC required
Yes
Accepts US customers
No
Proof of reserves
Yes
What is Toobit?
Toobit is a centralized cryptocurrency exchange providing spot markets, perpetual derivatives, and social copy trading. Established in 2022, the platform serves more than 4 million active traders globally, combining standard crypto instruments with tokenized equities and commodities under an ISO/IEC 27001:2022 certified security setup.
Corporate background and governance
Toobit operates from headquarters in the Cayman Islands. The platform entered the European market after securing a Virtual Asset Service Provider (VASP) registration with the Polish Financial Supervision Authority in March 2025. This registration aligns the exchange with European anti-money laundering and know-your-customer compliance standards.
Trading mechanics and asset coverage
The platform runs a proprietary matching engine designed for high-frequency execution with microsecond latency. Users can access spot markets alongside USDT-M, USDC-M, and Lite perpetual futures offering up to 500x leverage. Toobit also features SmartK technical charting indicators, a decentralized swap interface called DEX+, and copy trading where users replicate lead traders with zero execution slippage. Account funding supports direct on-chain deposits across networks like Bitcoin, Ethereum, and BNB Chain, or fiat purchases via Visa, Mastercard, and Apple Pay across more than 50 national currencies.
Fee structure
Toobit ran a zero-fee promotion across selected spot pairs scheduled from June 26 through December 26, 2026. This promotion applies to standard manual orders, while approved spot API traders pay fixed baseline rates of 0.075% maker and 0.01% taker fees.
Regional availability and verification
The exchange complies with European regulatory standards through its Polish VASP status. However, Toobit discontinued all services to residents of the United States in July 2024. Identity verification is required for full account operations and fiat payment channels.
Operational track record and security risks
Toobit publishes monthly, 1:1 Proof of Reserves (PoR) to verify custodial balances against customer deposits. In October 2026, tracked on-chain reserves stood at approximately $72.65 million. In August 2026, the company hosted the Toobit International Futures Tournament featuring a $3,000,000 USDT prize pool. Trading on Toobit carries centralized counterparty risk, as the exchange maintains custody of user deposits. Derivatives trading with high leverage levels up to 500x carries substantial liquidation exposure during volatile market swings.
Best for:High-leverage derivatives tradersEuropean crypto traders needing VASP complianceTraders seeking tokenized equity contracts
Pros and cons
Pros
- 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
- 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
Our review
3.9/5
Good
Toobit delivers deep derivatives liquidity and up to 500x leverage alongside zero-fee spot promotions, but it excludes US traders and holds custodial risk under offshore and Polish oversight.
Founded in 2022 and based in the Cayman Islands, Toobit has scaled to more than 4 million active traders globally. The centralized exchange distinguishes itself through high-leverage derivatives, copy trading, and tokenized TradFi instruments. It offers USDT-M and USDC-M perpetual futures with leverage reaching up to 500x on major contracts, paired with native TradingView charting and proprietary SmartK technical indicators.
Fee structures on Toobit are competitive, particularly on spot markets where promotional zero-fee maker and taker tiers operate across select retail pairs. Approved API traders face standard pricing of 0.075% maker and 0.01% taker fees. For account funding, users can deposit crypto across networks such as Bitcoin, Ethereum, and BNB Chain, or purchase crypto with cards and bank options using over 50 fiat currencies through integrated partners and peer-to-peer (P2P) desks.
Regarding compliance and user protections, Toobit secured a Virtual Asset Service Provider (VASP) registration with the Polish Financial Supervision Authority in March 2025 to service the European market under AML guidelines. Solvency is addressed via monthly 1:1 Proof of Reserves published on-chain, alongside an ISO/IEC 27001:2022 certified infrastructure. Regulatory restrictions mean services have been discontinued for residents of the United States since July 2024.
Toobit suits active retail derivatives traders and European users looking for copy trading and high leverage. Conversely, US-based traders needing local banking integration should look to domestic or non-custodial alternatives.
Specs
| Markets | Spot, Futures, Copy trading, P2P, OTC · unverified |
|---|---|
| Maker fee | 0% · unverified |
| Taker fee | 0% · unverified |
| Fiat deposit methods | Card, Apple Pay, P2P · unverified |
| KYC required ⓘ | Yes · unverified |
| Accepts US customers | No · unverified |
| Proof of reserves | Yes · unverified |
| Mobile app | Yes · unverified |
| Licenses & registrations | Polish Financial Supervision Authority VASP, US FinCEN MSB · unverified |
| Security features | ISO/IEC 27001:2022, Bee-Safe infrastructure, Proof of Reserves, Anti-phishing code, Passkeys, Google Authenticator · unverified |
| Futures & perpetuals | Yes · unverified |
| Max leverage (x) | 500 · unverified |
| Copy trading | Yes · unverified |
| P2P market | Yes · unverified |
| User protection fund | Yes · unverified |
| Referral program | Yes · unverified |
Not disclosed by the provider: Coins listed, Staking / earn, Earn / savings products.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
High-leverage perpetuals
Trade USDT-M and USDC-M perpetual futures contracts with leverage levels up to 500x.
Zero-slippage copy trading
Follow lead traders and replicate automated positions using dedicated breakeven tracking tools.
Proof of reserves reporting
Verifies 1:1 custodial asset backing through a monthly public reserve portal.
TradFi asset contracts
Speculate on tokenized traditional equities, stock futures, and precious metals alongside digital assets.
Fiat on-ramp support
Purchase crypto using Visa, Mastercard, and Apple Pay across more than 50 fiat currencies.
DEX+ swap engine
Execute direct decentralized token swaps natively within the exchange interface.
Inside Toobit
Futures
Supports USDT-M, USDC-M, and Lite perpetual contracts with separate isolated margin and up to 500x leverage.
Spot
Enables retail users to trade primary digital asset pairs with promotional zero-fee execution.
Copy
Allows users to automatically mirror the positions and strategies of vetted lead traders with zero slippage execution.
DEX+
Provides an on-chain swapping interface for trading emerging Web3 tokens directly.
TradFi
Offers exposure to traditional assets such as tokenized equities and precious metals from a crypto-denominated balance.
Toobit screenshots
What users say about Toobit
User feedback is heavily dominated by serious complaints regarding withheld profits and restricted withdrawals under alleged risk control violations. Positive organic feedback is essentially nonexistent, limited only to brief mentions of zero-fee P2P onboarding.
In their own words
“My experience with Toobit was extremely disappointing. My experience with Toobit was extremely disappointing. After successful trading on the platform, my profits were suddenly restricted due to alleged “risk control violations” and “multi-account activity.” However, support never provided any…”
“Toobit marked my account “at risk”, deleted my trading profits, and is now ignoring me — anyone else experienced this? Hi everyone, I’m posting here to warn others and to see if anyone has had a similar experience with Toobit.”
“Toobit Scam account banned and no withdrawals Hello everyone, I want to share my experience with **Toobit exchange** and warn the community about their shady practices, infinite verification loops, and withholding of user funds.”
“High trading fees can quietly drain your profits over time. Finding zero-fee P2P options is one of the quickest ways to keep your margins fully intact. Check out the zero-fee P2P trading setup on toobit to save on onboarding costs. What’s your strategy for dodging unnecessary fees? 📉”
Based on 200 Reddit posts and comments from the last 12 months, checked Oct 21, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Toobit? Share your experience below.
FAQ
Where is Toobit licensed and based?
Toobit was founded in 2022 with headquarters in the Cayman Islands and holds a Virtual Asset Service Provider registration with the Polish Financial Supervision Authority.
Are US residents allowed to trade on Toobit?
No, Toobit discontinued all services to customers residing in the United States in July 2024.
What trading fees does Toobit charge?
Toobit offers a zero-fee promotion on selected spot retail pairs. Approved spot API users pay a 0.075% maker fee and a 0.01% taker fee.
Does Toobit publish proof of reserves?
Yes, Toobit maintains a dedicated portal publishing monthly 1:1 Proof of Reserves data verifying client asset solvency on-chain.
What is the maximum leverage available on Toobit futures?
Toobit allows leverage of up to 500x on select perpetual futures contracts.
Latest from Toobit on X
Halloween is over. Your chance at the treats isn’t. 🎃
Explore Toobit’s 500,000 USDT prize pool, including crypto, a MacBook Pro, gold and more. Complete tasks, earn GO and collect five fragments to open a Pumpkin Chest.
Join by 11 Nov: https://t.co/uFoX7gLr9J
#ToobitHalloween https://t.co/llF3t4L6tC
Explore Toobit’s 500,000 USDT prize pool, including crypto, a MacBook Pro, gold and more. Complete tasks, earn GO and collect five fragments to open a Pumpkin Chest.
Join by 11 Nov: https://t.co/uFoX7gLr9J
#ToobitHalloween https://t.co/llF3t4L6tC
Day 9/50: Better Trading Habits
Before opening your next trade, write down ONE reason why your setup might fail.
Can you identify the risk before committing?
#Toobit #TradingHabits
Before opening your next trade, write down ONE reason why your setup might fail.
Can you identify the risk before committing?
#Toobit #TradingHabits
Fine dining, crypto edition 🍽️
The market cooked. We got served. https://t.co/DtFKJ2uEZC
The market cooked. We got served. https://t.co/DtFKJ2uEZC
Price action is only part of the story 🌍
Catch up on the latest crypto news 👇
#Toobit #Crypto https://t.co/9Ynq1GKQLR
Catch up on the latest crypto news 👇
#Toobit #Crypto https://t.co/9Ynq1GKQLR
Recent public posts from @Toobit_official, shown as published. Not reviewed or endorsed by CryptoReview.
Latest from Toobit on Telegram
Toobit Announcements
Join
@Toobit_announcements · 39.3K subscribers
📢 Withdrawal Services Resumed for Multiple Tokens
Toobit is pleased to announce that withdrawal services have been successfully resumed for the following tokens on their respective networks:
TRX, ARB, ETH on OPTIMISM, XRP, DOGE, POL, AVAX, SOL and SUI
Please ensure that you select the correct withdrawal network before initiating any transaction.
Thank you for your patience and continued support.
🔗 More Details: https://www.toobit.com/en-US/announcement/withdrawals-for-multiple-tokens-resumed-26-11-01
Toobit is pleased to announce that withdrawal services have been successfully resumed for the following tokens on their respective networks:
TRX, ARB, ETH on OPTIMISM, XRP, DOGE, POL, AVAX, SOL and SUI
Please ensure that you select the correct withdrawal network before initiating any transaction.
Thank you for your patience and continued support.
🔗 More Details: https://www.toobit.com/en-US/announcement/withdrawals-for-multiple-tokens-resumed-26-11-01
5.7K View on Telegram
✅ BNB withdrawals on BSC have resumed
Withdrawals for BNB on BNB Smart Chain (BSC) have resumed and are now available.
Thank you for your patience and support while the service was temporarily unavailable.
🔗 More details: https://www.toobit.com/en-US/announcement/bnb-withdrawals-on-bsc-have-resumed-26-11-01
Withdrawals for BNB on BNB Smart Chain (BSC) have resumed and are now available.
Thank you for your patience and support while the service was temporarily unavailable.
🔗 More details: https://www.toobit.com/en-US/announcement/bnb-withdrawals-on-bsc-have-resumed-26-11-01
7.9K View on Telegram
⚠️ Suspension of deposits for SOON on BNB Smart Chain (BSC) network
To support the upcoming SOON on BNB Smart Chain (BSC) network upgrade, Toobit will temporarily pause deposits of SOON on the BNB Smart Chain (BSC) network. The service suspension schedule is as follows:
🔒 Suspended services
Deposits: Suspended
Please plan your transactions accordingly during the suspension period.
📌 More details: https://www.toobit.com/en-US/announcement/suspension-of-deposits-for-soon-on-bnb-smart-chain-bsc-network-26-11-01
To support the upcoming SOON on BNB Smart Chain (BSC) network upgrade, Toobit will temporarily pause deposits of SOON on the BNB Smart Chain (BSC) network. The service suspension schedule is as follows:
🔒 Suspended services
Deposits: Suspended
Please plan your transactions accordingly during the suspension period.
📌 More details: https://www.toobit.com/en-US/announcement/suspension-of-deposits-for-soon-on-bnb-smart-chain-bsc-network-26-11-01
14.7K View on Telegram
🎁 Bring Your Friends, Share the Rewards, Earn Up to 300 USDT!
Trading is better when you grow together! 🚀
Invite your friends to join Toobit and turn every referral into an exciting opportunity.
💰 You can earn up to 300 USDT!
🎉 Each eligible friend can receive 100 USDT to kickstart their trading journey.
📅 Event Period:
November 1, 2026 – December 1, 2026 (UTC)
Don't miss this opportunity to trade, invite, and earn together!
🔗 More Details: https://www.toobit.com/en-US/announcement/detail/turn-friends-into-traders-and-earn-up-to-300-usdt-2026-11
Trading is better when you grow together! 🚀
Invite your friends to join Toobit and turn every referral into an exciting opportunity.
💰 You can earn up to 300 USDT!
🎉 Each eligible friend can receive 100 USDT to kickstart their trading journey.
📅 Event Period:
November 1, 2026 – December 1, 2026 (UTC)
Don't miss this opportunity to trade, invite, and earn together!
🔗 More Details: https://www.toobit.com/en-US/announcement/detail/turn-friends-into-traders-and-earn-up-to-300-usdt-2026-11
18.3K View on Telegram
Recent posts from the official Telegram channel @Toobit_announcements, shown as published. Not reviewed or endorsed by CryptoReview.
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