Toobit
⭐ Trust Score: 8/10
🏆 Arbi.TEAM 6/10
📋 Basic information
📊 Trading statistics
📖 About exchange
ℹ️ Toobit is a global cryptocurrency exchange and derivatives trading platform that has been operating since 2022. The platform positions itself as a service for traders of all levels and has a strong presence in countries such as Turkey, Poland, Italy, Portugal, while also expanding into markets in Europe, the Middle East, Africa, and Latin America.
🪙 Trading Products and Instruments
Toobit offers diverse trading formats.
Spot Trading
Over 1000 cryptocurrencies
Futures Trading
Leverage up to 200x
Passive Income
Copy trading and trading bots
Copy Trading: Built-in feature for copying trades of successful traders
Trading Bots (Grid Bots): Automation of trading strategies
🔐 Security and Support
The platform's security is a subject of debate, with user experience varying greatly.
Security Measures
- Advanced encryption algorithms
- Bee-Safe technology: Hardware encryption, AI risk control
- Proof of Reserves: Real-time 1:1 reserve verification
Regulation
The platform is not regulated and does not have a license
Support
24/7 multilingual support, contradictory user reviews
💳 Deposits and Withdrawals
Toobit has certain limitations in working with fiat currency.
Verification (KYC)
Not mandatory for basic cryptocurrency operations
Account Funding
Visa/Mastercard in EEA countries
Withdrawals
Numerous complaints about blocks and frozen assets
👍 Advantages and Disadvantages
Based on the analysis of user reviews and official information, the platform's strengths and weaknesses can be highlighted.
Advantages
- ✅ Over 1000 cryptocurrencies and trading pairs
- ✅ No mandatory KYC for main operations
- ✅ Copy trading and trading bots
- ✅ High leverage for futures (up to 200x)
- ✅ Multilingual interface with Russian language
Disadvantages
- ❌ Numerous complaints about account blocks and withdrawals
- ❌ Low trust level on independent platforms
- ❌ Lack of regulation and license
- ❌ Low traffic volumes and weak SEO
- ❌ Limited support for fiat currencies
💡 Tips for Beginners
Check Reviews
Study independent reviews about withdrawal problems
Understand the Risks of No KYC
Unregulated platform complicates dispute resolution
Beware of High Leverage
Leverage up to 200x carries extremely high risk
Check Availability
Ensure your jurisdiction is not prohibited by the platform
🌐 Interface & Accessibility
Interface: Multilingual.
🌏 Countries with Restricted Access
Toobit does not provide services to residents of the following countries and regions:
Countries under complete ban:
- Belarus
- Cuba
- Democratic People's Republic of Korea (North Korea)
- Israel
- Myanmar
- Sudan
- South Sudan
- Syria
- Venezuela
- Yemen
- China
Important Note: Unlike many other exchanges, Toobit is available to residents of the USA and Canada. However, always check the current information on the official website, as lists may change.