Toobit
About
Company Background
Overview
Core Features
| Feature | Details |
|---|---|
| Spot Trading | 1,300+ trading pairs · 0% maker/taker promo on standard pairs (through Sep 26, 2026) |
| Futures / Perpetuals | USDT-M & USDC-M perpetuals · up to 500x leverage on eligible markets |
| TradFi Access | Tokenized US stocks, forex, metals, commodities & indices, settled in USDT |
| AI Trading Tools | Synapse AI assistant · open-source MCP-based AI Agent Trade Kit (65+ tools) |
| Copy Trading & Bots | Follow top traders · automated trading bots · demo trading mode |
| Optional KYC | Trade without ID verification · card purchases require KYC |
| API | REST & WebSocket API · Spot · Futures · Account management |
(Note: Toobit's headline figures — trader counts, daily volume, pair counts — are the exchange's own marketing disclosures rather than independently audited numbers. Fee promotions like the current 0% spot campaign are also time-limited. Always check Toobit's live fee page before trading.)
Supported Blockchains & Assets
Supported Networks
Ethereum (ERC-20) · BNB Chain (BEP-20) · Tron (TRC-20) · Solana + More
Supported Assets
BTC · ETH · USDT · USDC + hundreds of listed cryptocurrencies
Deposits & Withdrawals
Multi-chain deposits · Visa/Mastercard purchases in eligible regions (EEA + non-EEA) · Crypto withdrawals
Order Types & Trading Engine
Order Types
Market · Limit · Stop-Limit · Trigger orders
Advanced Trading
Cross & isolated margin · Copy Trading · Trading Bots · TradingView-linked futures charts
Trading Engine
Built for high-activity retail derivatives trading, with deep liquidity across its futures book
AI & TradFi Tools
Synapse AI Assistant
Built-in AI assistant for market research, strategy generation, and position analysis — no separate subscription needed
AI Agent Trade Kit
Open-source, Model Context Protocol (MCP) based framework with 65+ tools, letting compatible AI agents manage orders and track portfolios via natural-language commands, with credentials stored locally rather than sent to a third party
TradFi Contracts
US stocks, forex, metals, commodities, and indices — all settled in USDT from the same account used for crypto
Fee Discounts
Reduced via VIP volume tiers and Market Maker programs rather than a native exchange token
Fees
| Fee Type | Standard | Current Promo |
|---|---|---|
| Spot Maker | 0.075% | 0% (thru Sep 26 2026) |
| Spot Taker | 0.10% | 0% (thru Sep 26 2026) |
| Futures Maker | 0.02% | Lower for Market Makers |
| Futures Taker | 0.06% | 0.02% for MM1/MM2 |
| Crypto Deposit | Free | — |
| Withdrawal | Network-dependent | Dynamic |
Deposit & Withdrawal
| Method | Deposit | Withdraw | Speed | Status |
|---|---|---|---|---|
| Bitcoin (BTC) | Free | Dynamic | ~10 min | Live |
| Ethereum (ETH) | Free | Dynamic | ~2 min | Live |
| USDT | Free | Network-dependent | ~5 min | Live |
| Card (Visa/Mastercard) | Available in eligible regions | ❌❌❌ | REGION-DEPENDENT | |
| P2P / OTC | Available | Available | No fee |
Withdrawal & Security Policies
Minimum Deposit
Different network different criteria.
Deposit Confirmations
BTC: network-standard confirmations · Other assets: Network dependent
Withdrawal Confirmations
Network dependent
Address Whitelisting
Supported
Withdrawal Restrictions
Limits vary by verification level and account history rather than a single fixed cap
KYC & Verification
| Level | Trading & Card Purchases | Requirements |
|---|---|---|
| No KYC | Spot & futures trading allowed | None |
| Identity Verification | Card purchases & higher limits | ID document + facial verification |
Security & Regulation
Corporate & Legal Structure
Operating Base
George Town, Cayman Islands
Legal Entity
Also referenced as Hopeful Technology Co. Ltd, registered in Victoria, Seychelles
Regulatory Registrations
KNF VASP registration (Poland) · AUSTRAC registration (Australia) · US MSB registration (No. 31000234013623)
Regulatory Note
These are anti-money-laundering-style registrations, not consumer-protection licenses or endorsements — and Toobit has since suspended US service entirely despite the MSB registration
Founder
Ray Lee, Co-Founder & CEO
Transparency Snapshot
API & Developer Platform
API
REST API · WebSocket API
Trading Support
Spot · Futures · Account Management
Authentication
API Key · Secret Key
AI Agent Access
Open-source MCP-based Trade Kit for connecting LLMs directly to trading functions, runnable locally
Charting
Native TradingView integration for futures data
Rate Limits
VIP-level based · Endpoint-specific
API Security
IP restrictions · API permissions · Key management
Pros
- ↗ Trade without mandatory KYC, including on futures
- ↗ Very low base futures fees (0.02%/0.06%), plus a temporary 0% spot fee promo
- ↗ Hacken-verified Proof of Reserves covering 640,000+ accounts, all above 100%
- ↗ AAA rating from CER.live, placing it among the top 10 rated exchanges (May 2026)
- ↗ Genuinely broad product range — spot, futures, copy trading, bots, and TradFi assets in one account
- ↗ Open-source AI Agent Trade Kit lets you run trading automation with locally stored credentials
- ↗ ISO/IEC 27001 certified information security management
- ↗ High Market Maker referral rebate — up to 50% of referred trading fees
Cons
- ↘ Not available to US residents — service was suspended in August 2024
- ↘ Also exited Singapore and Hong Kong, on top of its standard sanctioned-country list
- ↘ Offshore registration (Cayman Islands/Seychelles) sits outside Tier-1 regulatory oversight
- ↘ Headline trader/volume figures are Toobit's own marketing disclosures, not independently audited
- ↘ Newer exchange (founded 2022) with a shorter track record than long-established platforms
- ↘ Extremely high leverage (up to 500x) can amplify losses for inexperienced traders
- ↘ No native exchange token, so no token-based fee-discount layer beyond VIP/Market Maker tiers
Affiliate Program
Earn with Toobit
Market Makers earn a referral rebate of up to 50% of the trading fees generated by users they refer.
Eligible Trading
Spot · Futures
Referral Link
Custom Affiliate Code/Link
Age Requirement
Affiliates must be at least 18 years old
Compliance Rules
No pump-and-dump promotion, wash trading, spoofing, or guaranteed-profit claims allowed
Jurisdictional Rule
Affiliates may not target users in Toobit's Restricted Jurisdictions
Frequently Asked Questions
What is Toobit?
Is Toobit available in the United States?
Do I need KYC to trade on Toobit?
How much leverage does Toobit offer?
Does Toobit have a native token?
Is there a mobile app?
How does Toobit prove it holds user funds?
Links & Resources
Sources
- Toobit official site — toobit.com
- Company profile, founding date, awards & certifications — Wikipedia
- US suspension, Singapore/Hong Kong exit & MSB registration — Coin Bureau
- Proof of Reserves, Shield Fund & reserve ratios (May 2026) — Cryptonews
- Fee schedule, VIP tiers & Market Maker rebates — Toobit Support Center
- Regulatory registrations (Poland, Australia, US) & AI features — Cryptonews Review
- Restricted country list (User Agreement) — Toobit User Agreement
- Founder, funding & team size — PitchBook