As per Forklog, Toobit is a centralized cryptocurrency exchange launched in 2022 and registered in the Cayman Islands. The platform offers spot trading with over 500 digital assets and 860 trading pairs, as well as perpetual futures with up to 200x leverage. Toobit also provides copy trading, event contracts, and earn products. The exchange does not require mandatory KYC, but offers two verification levels with increased withdrawal limits. Security measures include KYT monitoring, cold storage with Fireblocks and Cobo, and regular audits by Hacken and SlowMist. Trading fees for new users are 0.1% for takers and 0.075% for makers on USDT pairs, with no fees on USDC pairs. Toobit also offers a VIP program, referral rewards, and a welcome bonus of up to 15,000 USDT in the Rewards Center.
Toobit Review: Optional KYC and 200x Leverage on Derivatives
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