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Toobit Review 2026: Futures-Focused Crypto Exchange

Toobit is a centralized crypto exchange offering spot, perpetual futures, copy trading and bots, with high leverage and a heavy rewards focus. Its proof-of-reserves page is a plus, but regulatory details are not given publicly.

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

6.9/10

Good

Visit Toobit

Our verdict on Toobit

6.9/10

Toobit suits active traders who want perpetual futures, copy trading and bots in one place, and who are comfortable with a custodial exchange. Its main strengths are the broad product range, advertised zero-fee spot trading and published Proof of Reserves. The main caveat is risk: leverage of up to 500x is dangerous, no licence or audit is listed publicly, and most trust signals are self-reported. Beginners should start with the demo mode and small amounts.

Score breakdown

How Toobit scores

Security: 5.5/10
Ease of use: 7.5/10
Fees: 6.0/10
Features: 8.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Toobit?

Toobit is a centralized cryptocurrency exchange. Its homepage lists spot trading, USDT-M and USDC-M perpetual futures, event contracts, a prediction market, copy trading, trading bots and a TradFi section for metals and stocks. DefiLlama lists it under centralized exchanges since July 2024.

The exchange claims over 4 million active traders, a matching engine capable of 1 million transactions per second and 99.99% uptime. These are self-reported figures. DefiLlama shows about 71.7 million dollars in tracked assets across Bitcoin, Ethereum and BNB Chain, and no listed audits or token.

It also markets several awards, including a derivatives platform award from Hedgeweek in 2025. The pitch is aimed at active derivatives traders: high leverage, copy trading, bots and a rewards program.

How Toobit works

Toobit is a centralized exchange. Users deposit crypto or buy it with a card or P2P, and the funds are held in an account on the exchange. Orders are matched by the exchange's own engine rather than by smart contracts, so trades happen off-chain.

Spot trading is buying and selling coins directly. Perpetual futures let traders take long or short positions on a price with leverage and no expiry date, settled in USDT or USDC. Copy trading mirrors another trader's positions, and bots run grid or DCA strategies automatically.

The DEX+ feature gives access to on-chain tokens from the spot account. The exchange handles the routing, but the user's funds remain in a custodial account. Proof of Reserves is a periodic report meant to show the exchange holds assets backing user balances.

8 features

Key features

Perpetual futures

USDT-M and USDC-M perpetual contracts, with leverage the site says goes up to 500x. A Lite Perpetual mode is aimed at simpler trading.

Copy trading

Users can follow lead traders and copy their trades, or become a lead trader and earn commissions.

Trading bots and API

Automated grid and DCA strategies are offered, along with an API for custom scripts and apps.

Zero-fee spot and convert

Spot trading is advertised with zero fees, and Convert offers instant asset swaps with no fee.

DEX+ and Launchpad

DEX+ lets users trade on-chain tokens from their spot account, and a Launchpad gives access to early-stage token listings.

Event contracts and TradFi

Event contracts, a prediction market and a TradFi section covering precious metals and stocks are listed.

Demo trading

A demo mode lets users practice trading without risking funds.

Proof of Reserves

The exchange publishes monthly 1:1 Proof of Reserves, which users can use to check solvency claims.

Pros and cons

What we like

Wide product range: spot, perpetuals, event contracts, copy trading, bots, API and demo mode.
Spot trading and Convert are advertised as zero-fee.
Publishes monthly 1:1 Proof of Reserves and has a bug bounty program.
Many funding routes, including P2P, Visa, Mastercard and third-party providers.
Demo trading lets beginners practice without risk.

Watch out for

No third-party audit is listed on DefiLlama, and the homepage security claims (ISO certification, uptime, engine speed) come from the exchange itself.
Up to 500x leverage on futures is extremely risky and can wipe out a position on a small price move.
Regulatory status and licensing are not stated publicly, so users must check whether the exchange is available in their country.
Custodial model: funds sit on the exchange, so users carry counterparty and withdrawal risk.
Headline claims such as a 15,000 USDT sign-up reward depend on conditions that the homepage excerpt does not spell out.
Testimonials shown on the homepage are selected by the exchange and are not independent evidence.

Toobit fees

The homepage advertises zero fees on spot trading and on Convert, its instant swap feature. A VIP program is said to offer fee discounts, and a broker and affiliate program exist.

Futures fees, funding rates, withdrawal fees and the VIP tiers are not stated publicly. Users would find them in the fee schedule inside the app or on the website. Card purchases through third-party providers usually carry their own charges.

Is Toobit safe?

Toobit is custodial, so the exchange controls user funds and users depend on its solvency and withdrawal processes. It points to monthly Proof of Reserves, an ISO/IEC 27001:2022 certified security setup, a Toobit Shield page and a bug bounty program. DefiLlama lists no audits, and these claims are self-reported.

The project does not state a licence or regulator, so check the terms and whether the service is available in your country. High-leverage trading carries a high risk of loss, and users should only trade with money they can afford to lose. No hack or incident is mentioned publicly.

6 steps

How to get started with Toobit

1
Check that crypto derivatives trading is permitted where you live and that you meet the age requirement.
2
Create an account on the website or the iOS or Android app.
3
Complete any identity verification the platform asks for.
4
Fund the account by crypto deposit, P2P, card or a third-party provider.
5
Try Demo Trading first to learn the interface without risk.
6
Start with spot trading or low leverage, and review the Rewards Hub terms before relying on any bonus.

Open Toobit

Who Toobit is for

Toobit is aimed at active crypto traders who want futures, copy trading, bots and rewards on one platform. Beginners can use the demo mode and spot market, but they should avoid high leverage and confirm that the service is legal where they live.

Toobit FAQs

What is Toobit?

Toobit is a centralized cryptocurrency exchange. Its homepage lists spot trading, USDT-M and USDC-M perpetual futures, event contracts, copy trading, trading bots, a DEX+ feature and a TradFi section.

Is Toobit safe?

Toobit says it publishes monthly 1:1 Proof of Reserves and describes an ISO/IEC 27001:2022 certified security setup. These are the exchange's own claims, and DefiLlama lists no audits. As with any centralized exchange, funds are held by the platform, so only deposit what you can afford to risk.

How much leverage does Toobit offer?

The homepage says up to 500x leverage is available on futures. Leverage at that level can liquidate a position after a very small price move, so it is suited only to experienced traders who understand the risk.

Does Toobit charge trading fees?

The homepage advertises zero fees on spot trading and on its Convert feature. Futures fees, withdrawal fees and VIP discounts are not given publicly, so check the fee schedule in the app or on the site before trading.

How can I deposit on Toobit?

Toobit lists P2P trading, Visa and Mastercard card payments, third-party providers such as MoonPay, Advcash and Simplex, and direct crypto deposits. It also says more than 50 fiat currencies are supported. Available methods may vary by region.

Does Toobit have a sign-up bonus?

The homepage advertises a sign-up reward of up to 15,000 USDT and a Rewards Hub where completed tasks turn into trading bonuses. The exact conditions are not public, so read the terms in the Rewards Hub before relying on it.

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