Summary
Looking for a trusted platform in the crypto market? Look no further than Toobit. The platform, which offers a beginner-friendly interface, strips away the unnecessarily complex features available in other platforms, making it both ideal for novices while experts won’t feel out of place. Let’s review this cryptocurrency exchange by taking a look at its various features.
What is Toobit?
Launched in 2022, Toobit is a relatedly new cryptocurrency exchange, which is headquartered in the Cayman Islands. It offers a range of services, not limited to spot trading, futures trading and staking options. With support for over 300 cryptos and over 421 trading pairs, it stands as one of the most versatile platforms of its type.
Basic Features
Let’s take a look at some of the basic features of Toobit
- Industry Position Offerings: With Toobit, users get access to unique features such as AI copy trading, dynamic trend trading, one click position close, lite perpetuals, set own order capitals, open reverse contracts and holding multiple positions with double directions.
- Unique Position Offers: Toobit supports both split and combined order positions at the same time, something which most exchanges lack.
- Institutional Support: Toobit supports institutional trading, with features such like higher liquidity, along with other trading functions.
- API Integrations: One can integrate APIs for algorithmic trading and portfolio management with Toobit. High volume traders have access to institutional-grade tools.
- Debit Card: Toobit uses third-party providers for debit and credit card services.
- Automation: Traders can access automated trading tools like Dollar-Cost Averaging. However, certain asset types may have restrictions.
- Min/Max Trade Amount for Single Transactions: The standard minimum trade amount for a single investment transaction is $10, while the maximum trade depends on the asset and market conditions.
- Limits for Deposits and Withdrawals: There are no limits on deposits. However, the withdrawal limit depends on the user’s verification tier. It is adjustable upon request for institutional or high-net-worth users.
- Referral: Toobit offers both referral and affiliate programs. Here, users earn bonuses or commission for each successful referral. This is based on the referred user’s trading activity.
- Bonuses: For new customers, a myriad of bonus types, such as welcome bonuses, deposit rewards, and trading fee discounts are available.
Why Choose Toobit?
Toobit provides a number of features that are seldom found in other crypto exchanges.
- Split and Merge Positions
First off, Toobit has got an excellent feature aimed at managing trades. This feature is called Split and Merge Positions. Split position is for those who prefer multi-strategy trading. Here, every order stands on its own, allowing the trader to go long and short at the same time. They can tweak or close each order according to their wishes, and can set stop-loss or take profit for each as well.
Split position is perfect for those who like juggling different moves. However, for those who like one-direction trading, the Merged Position is here to make things simple. This feature combines all the trader’s orders going the same way into one big position. While the hassle involved is less, traders can only set stop-loss or take-profit for the whole thing.
In a world where crypto headlines can feel like a rollercoaster of despair, Toobit’s Proof of Reserves (PoR) is a breath of fresh air. It’s like a financial security blanket, ensuring your assets are safe and sound. Think of it as Toobit saying, “We’ve got nothing to hide—go ahead, check our homework.” And trust me, darling, you’ll want to stick with an exchange that’s this transparent.
Toobit boasts liquidity so deep, you’ll feel like you’re swimming in an ocean of opportunity. No more frustrating trade executions or missed chances. Whether you’re placing a modest order or swinging for the fences, Toobit ensures your trades glide through effortlessly. High liquidity isn’t just a feature—it’s a promise.
Toobit has equipped you with an entire workshop. Futures Grid? Check. Futures DCA (Martingale)? Double check. These tools are like the trusty sidekicks you never knew you needed, helping you navigate the wild west of crypto trading with finesse. And if you’re feeling overwhelmed, don’t worry—I’ll hold your hand through this (digitally, of course).
With Toobit’s support for over 40 zero-slippage copy trading pairs, you can copy the strategies of other expert traders and use it in your own trades. Zero slippage means your trades execute exactly as planned—no nasty surprises.
Let’s talk about fees, or, in Toobit’s case, the lack thereof. Their fees are so low, you’ll wonder if they accidentally forgot to charge you. More money in your pocket means more opportunities to trade, invest, or, you know, treat yourself to that latte you’ve been eyeing.
Toobit has got a veritable buffet of trading products to satisfy anyone who likes to trade USDT. These include Cryptocurrencies, derivatives, copy trading and trading bots. For those who like to test the waters before diving in, demo trading is your risk-free playground. Whatever your trading style, Toobit has a product with your name on it
The Team Behind Toobit
Toobit has a dream team of tech wizards, industry thought leaders, operations gurus, and security engineers hailing from the likes of Huobi, Bybit, and even Xiaomi. This isn’t just a team—it’s a powerhouse. With their expertise, Toobit has been leading crypto markets since 2022, building a global empire that spans over 100 countries.
Toobit has over 200,000 community members worldwide. More than 2 million active traders. A daily trading volume exceeding 15 billion. And let’s not forget the 450+ trading instruments at your fingertips. Whether you’re in the USA, UK, East Asia, or the CIS, Toobit’s trader communities are buzzing with activity. Oh, and they speak your language—literally—with support for over 11 tongues and a dedicated Telegram Miniapp to keep you connected.
Toobit has busy in the partnership front as well. With investments from heavyweights like ByBit, Huobi Ventures, Coda Ventures, C2 Ventures, and NEWVentures, it’s clear that Toobit is more than a flash in the pan. These industry titans don’t just throw money at anyone, darling—they invest in excellence.
Toobit Security
Toobit has an excellent history of suffering no breaches. They proudly declare that there have been no instances of sales of customer information as well. The crypto exchange also mandates KYC in some regulated areas.
Besides the normal measures such as Security PINs, compulsory 2FA (SMS, 3rd party, Email 2FA)
and cold and hot wallet storage, it has provided something extra. It requires clients to assign a recognized device. So, any login attempts from unrecognized devices will be notified by the exchange. This is a welcome move at a time when security breaches have become more common.
Additionally, customer service can help users via the official website, email, mobile app, Telegram and WhatsApp.
Final Verdict
After reviewing the platform, it is evident that Toobit has focused on delivering an intuitive, well-designed user interface. This makes things natural, providing both novices and experts with a powerful way of trading crypto. Standout features such as Split and Merge Positions, Copy Trading, Proof of Reserves and others make it a crypto exchange to watch out for in 2025.
PROS and CONS
- Toobit has a very beginner-friendly interface.
- The exchange provides a wide range of trading options, with a diverse selection of trading bots.
- Innovative features like Split and Merge Positions make it stand out.
- It is very easy to sign up and start trading.
- It is not available to all countries.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
