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Former JP Morgan Wealth Manager. Trading crypto since 2014, tested 200+ brokers.
Last Updated: February 16, 2026
Toobit entered the crypto exchange scene in 2022 from the Cayman Islands and has grown surprisingly fast for such a young platform. After testing it for several weeks, I found a few things that stand out: the 0.075% maker fee undercuts many established competitors, the demo trading account is genuinely useful for beginners, and the selection of 1,000+ tokens matches much older exchanges. Futures with up to 150x leverage and copy trading round out the feature set. The trade-off? Toobit has a thin track record, no insurance fund, and Cayman Islands-only registration that leaves serious traders wanting more regulatory assurance.
Toobit
VerifiedOur Expert Verdict
Toobit is a promising newcomer that punches above its weight in some areas. The 0.075% maker fee is genuinely competitive, the demo trading account is a thoughtful addition for beginners, and listing 1,000+ tokens at just three years old is impressive. Futures with 150x leverage match industry heavyweights. But the elephant in the room is trust: Toobit launched in 2022, has only Cayman Islands registration, offers no insurance fund, and hasn't weathered a major market crisis yet. I'd use it for active trading with moderate amounts, but I wouldn't park my life savings here.
Best For: Fee-conscious traders wanting low maker fees, beginners who want demo trading before risking real money, altcoin hunters looking for variety, derivatives traders who want 150x leverage.
Skip If: You need strong regulatory protection, you want to hold large amounts long-term, you prefer exchanges with a proven track record, you need an insurance fund for peace of mind.
Toobit Overview 2026: A Fast-Growing Newcomer
Toobit launched in 2022 from the Cayman Islands and has rapidly scaled to over 3 million registered users. For a platform barely three years old, that growth rate is notable. When I started testing it in early 2026, I found an exchange that feels more mature than its age suggests.
The platform lists over 1,000 cryptocurrencies with 600+ trading pairs, which is an impressive catalog for a young exchange. Daily trading volume ranges between $200 million and $500 million, placing it in the top 30 globally. The standout feature during my testing was the 0.075% maker fee, which undercuts many established competitors including Binance (0.10%) and Bybit (0.10%).
Key Facts About Toobit:
- Founded: 2022 in the Cayman Islands
- Registered Users: 3+ million globally
- Cryptocurrencies: 1,000+ listed tokens
- Trading Pairs: 600+ pairs
- Daily Volume: $200M-$500M
- Trading Fees: 0.075% maker / 0.10% taker
- Futures Leverage: Up to 150x
- Demo Trading: Available
- Mobile App: Available on iOS and Android (4.1/5 rating)
Toobit Fees: Surprisingly Competitive for 2026
Toobit's fee structure is one of its strongest selling points. The 0.075% maker and 0.10% taker fees on spot trading are genuinely competitive:
| Exchange | Spot Maker | Spot Taker | Futures Maker | Futures Taker |
|---|---|---|---|---|
| Toobit | 0.075% | 0.10% | 0.02% | 0.05% |
| Binance | 0.10% | 0.10% | 0.02% | 0.05% |
| OKX | 0.08% | 0.10% | 0.02% | 0.05% |
| Bybit | 0.10% | 0.10% | 0.02% | 0.055% |
The VIP tier system scales well: $100K monthly volume drops to 0.06%/0.08%, and the top tier at $1M+ reaches 0.02%/0.04%. Futures fees are industry-standard at 0.02% maker and 0.05% taker. Withdrawal fees follow the standard: 0.0005 BTC, 1 USDT (TRC20), 5 USDT (ERC20). Credit card purchases carry a 3.5% surcharge.
How to Get Started on Toobit
Registration on Toobit took me about 8 minutes. Sign up with email, complete basic KYC (name, ID, about 1-2 hours processing), enable Google Authenticator 2FA, then deposit crypto or buy via credit card. A standout feature: you can start with the demo trading account using virtual funds before risking real money. This is genuinely useful for testing the interface and strategies. For deposits, USDT via TRC20 (1 USDT fee) is the cheapest route. The interface defaults to a clean beginner view with an advanced TradingView option.
Toobit Security: Young but Cautious
Toobit's security is a mixed bag. On the positive side, the platform has never been hacked, stores approximately 75% of user funds in cold storage, and supports Google Authenticator 2FA. They've been operating since 2022 without a major incident, which is encouraging.
The concerns are significant though. There's no insurance fund or protection pool, no published security audit from a recognized firm, no bug bounty program, and only Cayman Islands registration. For a platform handling hundreds of millions in daily volume, the lack of third-party security verification is a notable gap. I'd recommend keeping only active trading funds on Toobit and using a hardware wallet for longer-term holdings.
Toobit Trading Features and Tools
Toobit packs more features than expected for its age. Spot trading covers 600+ pairs with standard order types. USDT-margined perpetual futures go up to 150x leverage, slightly above the 125x offered by Binance and Bybit. The demo trading account lets you practice with virtual funds - I spent a week testing futures strategies there before committing real capital. Copy trading allows following top performers with customizable allocation. The Earn section offers flexible staking on select tokens (APYs 3-12%). Grid trading and DCA bots handle automated strategies, though they're more basic than dedicated platforms.
Best Toobit Alternatives in 2026
Binance - Higher spot fees (0.10%) but deeper liquidity, stronger regulation, and a proven track record. The obvious upgrade if trust matters more than maker fee savings.
MEXC - Zero maker fees on spot beat Toobit's 0.075%, with 2,000+ tokens. Similar regulatory position but longer track record.
OKX - Slightly higher fees (0.08%/0.10%) but much stronger regulatory standing and a more polished DeFi wallet integration.
Bybit - Better for derivatives with excellent futures platform. Same spot taker fee but higher maker (0.10%). More established brand.
BingX - Similar positioning as a newer exchange with copy trading focus and competitive fees. Good alternative if Toobit's specific features don't match your needs.
What Real Users Say About Toobit
Toobit is still building its reputation online. Trustpilot reviews are limited (3.5/5 from a few hundred reviews). Common praise: low fees, easy interface, useful demo account. Common complaints: withdrawal delays during peak times, limited customer support responsiveness, and concerns about the exchange's youth. Reddit mentions are sparse but generally neutral. The overall sentiment: a decent exchange for its age, but not yet proven enough for conservative traders.
Toobit vs Binance, MEXC and Bybit: Comparison
| Feature | Toobit | Binance | MEXC | Bybit |
|---|---|---|---|---|
| Spot Maker | 0.075% | 0.10% | 0% | 0.10% |
| Spot Taker | 0.10% | 0.10% | 0.05% | 0.10% |
| Cryptos | 1,000+ | 400+ | 2,000+ | 600+ |
| Max Leverage | 150x | 125x | 200x | 125x |
| Demo Account | Yes | No | No | Yes |
| Founded | 2022 | 2017 | 2018 | 2018 |
Toobit wins on maker fees versus Binance and Bybit, and offers a demo account that most competitors lack. MEXC beats everyone on fees with zero maker. Toobit's 150x leverage tops Binance and Bybit. However, Toobit falls behind on trust, liquidity, and track record. Best for fee-conscious traders who don't mind the younger platform.
Complete Fee Breakdown
Complete Fee Breakdown
| Type | Fee |
|---|---|
| Maker Fee | 0.075% |
| Taker Fee | 0.1% |
| Currency | Network | Fee |
|---|---|---|
| BTC | Bitcoin | 0.0005 |
| ETH | Ethereum | 0.005 |
| USDT | TRC20 | 1 |
| USDT | ERC20 | 5 |
🧮Fee Calculator
* Fees shown are per trade on Toobit. Actual fees may vary based on volume discounts and VIP levels.
Security Features
Security Features
Pros & Cons
What We Like
- Low maker fees (0.075%) below most competitors
- Demo trading account with virtual funds
- Futures leverage up to 150x
- 1,000+ cryptocurrencies listed
- P2P trading available
- Competitive futures fees (0.02%/0.05%)
What Could Be Better
- Very new exchange (founded 2022)
- Limited regulatory oversight (Cayman Islands only)
- No insurance fund or protection pool
- Smaller community and lower liquidity
- No bug bounty program
Overall Score
Toobit vs Exchanges
| Feature |  |  |  |  |
|---|---|---|---|---|
| Overall Rating | 7.2/10 | 9.4/10 | 8.8/10 | 8.8/10 |
| Trading Fees | 0.075% / 0.1% | 0.1% / 0.1% | 0.4% / 0.6% | 0.075% / 0.075% |
| Cryptocurrencies | 1000+ | 490+ | 260+ | 350+ |
| Security | 6.8/10 | 9.2/10 | 9.8/10 | 9/10 |
| Best For | Low maker fees (0.075%) below most compe | Low fees at 0.1% maker/taker, 25% BNB di | Only major exchange that has NEVER been | Excellent Visa card program with up to 5 |
| Read Review → | Read Review → | Read Review → | Read Review → |
Frequently Asked Questions
Toobit is a legitimate exchange registered in the Cayman Islands, operating since 2022 with 3+ million users. It has never been hacked and stores 75% of funds in cold storage. However, it lacks insurance, third-party security audits, and strong regulatory licenses. Use with moderate amounts.
Toobit charges 0.075% maker and 0.10% taker on spot trading, which is lower than Binance and Bybit. Futures fees are 0.02% maker / 0.05% taker. VIP tiers start at $100K volume with fees dropping to 0.02%/0.04% at the highest tier. Withdrawals: 0.0005 BTC, 1 USDT (TRC20).
Yes, Toobit offers a demo trading account with virtual funds. You can practice spot and futures trading without risking real money. This is one of the platform's standout features, especially useful for beginners learning crypto trading or testing new strategies.
No, Toobit does not serve US residents. Restricted regions include the US, mainland China, North Korea, Iran, and Syria. US-based traders should consider regulated exchanges like Coinbase, Kraken, or Gemini.
Yes, Toobit offers USDT-margined perpetual futures with leverage up to 150x, which exceeds the 125x offered by Binance and Bybit. Futures fees are competitive at 0.02% maker / 0.05% taker. You can also practice futures trading in the demo account first.
Most crypto withdrawals process within 30 minutes to 2 hours. During peak periods, delays of up to 24 hours have been reported. Standard fees apply: 0.0005 BTC, 1 USDT (TRC20), 5 USDT (ERC20). Large withdrawals may require additional verification.
MEXC offers zero maker fees with even more tokens (2,000+). Binance provides better trust and liquidity. Bybit has a superior derivatives platform. For EU regulation, try Bitstamp or Kraken. BingX is the most similar competitor with copy trading focus.
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