Toobit is a relatively new cryptocurrency exchange, founded in 2022. Since then, it has attracted over 3 million users, which is a good sign for a newcomer to the cryptocurrency market. Toobit boasts an intuitive and user-friendly interface that even beginners can navigate, as well as low trading fees on the spot market.
Fees
- Spot (USDT): Maker - 0.75% / Taker - 0.1%
- Spot (USDC): Maker - 0.00% / Taker - 0.00%
- Futures: Maker - 0.02% / Taker - 0.06%
Toobit offers low trading fees for spot trading when trading in USDT, or zero fees when trading in USDC. Trading fees for futures trading are also low — in fact, they can be considered the gold standard in the crypto market.
You can also receive additional discounts on trading fees based on the amount of assets held in your balance or your trading volume. Moreover, these discounts also apply to futures trading, which is great, as many other crypto exchanges offer discounts only on spot trading.
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Key Features
Trading
At Toobit, you can trade on the spot market, use instant conversion (which is convenient for beginners), or integrate and trade on the spot market via API.
On the futures market, you have access to USDT-M, COIN-M contracts, a simplified version of futures trading, as well as demo trading and trading bots. You can configure the trading bots yourself or copy the settings of pre-configured bots.
Copy trading
Copy the trades of top traders so that the system automatically executes trades for you exactly as the trader you are copying does. This is relevant for those who do not want to get into trading themselves or want to diversify their trading risks.
Copy trading on Toobit is currently available only on the futures market. Keep in mind the risks involved, as copy trading is carried out by real people. If they make mistakes, you could lose your money as well. Therefore, choose your trader carefully and responsibly.
Earnings
Earn passive income from the tokens you hold long-term instead of letting them sit idle. You can choose between a fixed or flexible subscription plan to generate earnings.
Currently, the Toobit crypto exchange offers a small selection of tokens for earning opportunities, but at least some options are available. We hope to see more tokens and earning opportunities added in the future.
Toobit is a young but promising cryptocurrency exchange. Although it is currently difficult to compete with giants like Binance and ByBit, Toobit has the potential to carve out its own place in the crypto world if we see strategic partnerships and the introduction of new features such as P2P, lending, crypto cards, and more in the future.
If you have experience using the Toobit crypto exchange, be sure to leave your review!
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