Key facts
Lv0 under the VIP schedule effective 1 February 2025; futures rates from the exchange's own fee example.
About
Toobit is a young derivatives exchange launched in October 2022 and registered in the Cayman Islands. Its core products are perpetual futures with up to 200x leverage and copy trading, alongside spot and Earn.
Fees are below average: 0.075%/0.1% on spot and 0.02%/0.06% on futures. Proof of reserves is verified by Hacken. Beyond a US MSB registration, though, it holds no serious licences, and very high leverage makes trading there inherently risky.
Pros
- Low spot fees
- Hacken-verified proof of reserves
- No known hacks
Cons
- No serious licences
- Up to 200x leverage invites high risk
- Short track record
Verification (KYC)
Verification needed for higher limits and some features.
For users in Russia
Likely available: 2026 reviews do not list Russia among restricted countries (they cite Iraq, Congo, mainland China and others), but we could not check the official list.
Security
No hacks found. Proof of reserves is verified by Hacken and shows over 100% coverage for BTC, ETH, USDT and USDC; the exchange holds ISO/IEC 27001 certification.
Licenses and registrations
- FinCEN MSB registration (US)
Products
Sources
Other top-3 exchanges
Binance
Bybit
MEXCLinks to exchanges with a bonus are affiliate links: if you sign up through them, CoinLab may earn a commission and you get the exchange bonus. This does not affect the data in the table. Check whether an exchange is available in your country before signing up. Not investment advice.