Toobit review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Toobit suits beginners who want a custodial account, 503 coins and futures trading in the same place, and it publishes proof of reserves. Watch the funding side, because deposits run through card only and no bank transfer appears on the method list.
Key facts
- Best for
- A custodial exchange for readers who want a wide coin list and futures trading without self-custody
- Taker fee
- 0.03% to 0.06%↗
- Coins listed
- 503↗
- Regulators
- Money Services Business (MSB) registration↗
- Fiat deposit methods
- Card↗
- Maker fee
- 0.006% to 0.02%↗
- Proof of reserves
- Yes↗
- Derivatives
- Yes↗
- Exchange type
- Cex↗
- Legal entity
- Hopeful Technology Co. Ltd.↗
- Headquarters
- Cayman Islands↗
- Founded
- 2022↗
- Support channels
- Email, Help-centre, Community↗
- Features
- Custodial
- Official website
- toobit.com
Facts checked September 26, 2026, 5 sources
Pros and cons
Pros
- Proof of reserves is published, so the platform's claim about customer coins can be checked rather than taken on trust.
- 503 coins listed, above the exchange ranking median of 74.5.
- Accounts are custodial under custodial, which suits readers who do not want to manage a wallet themselves.
- Derivatives trading is offered, so hedging and larger directional positions sit alongside spot holdings.
- A help centre is listed under email, help centre and community, so account questions can be self-served.
Cons
- Deposits run through card only, so no bank transfer or SEPA payment appears on the method list.
- Support runs on email, help centre and community only, so there is no phone line for problems that need attention fast.
- Coins are held custodially under custodial, so trouble at the platform is trouble for the balance.
Who it suits
- Beginners who want an account that handles the wallet side for them.
- Futures traders who want 503 coins and a derivatives book in the same place.
- Readers who read a proof of reserves statement before adding money.
Who should look elsewhere
- Bitpanda, if a wider catalogue matters, since it lists from 650 coins against Toobit's 503.
- ActivTrades, if trading without commission matters, since its taker fee is listed as 0%.
- bunq, if keeping costs down matters, since its taker fee runs 0.25% to 1.99%, above Toobit's 0.03% to 0.06%.
Fees
Published futures fees are a maker fee of 0.006% to 0.02% and a taker fee of 0.03% to 0.06%. The maker figure is what you pay to add liquidity and the taker figure what you pay to remove it, and both are ranges, so the rate you meet depends on the volume you bring. Because the maker side is cheaper than the taker side, regular traders cut their bill by resting limit orders instead of taking them, and the saving builds up over many trades. Anyone who mainly buys and holds will meet neither number often, so the maker figure is the one worth checking first. The schedule quoted here is the futures one, so a spot buyer should not read these rates as a spot quote.
What you can hold and do
The catalogue covers 503 coins, which puts Toobit in the wider group in this comparison rather than at the small end. Derivatives trading is offered, so futures sit alongside the spot book instead of on a separate venue. That suits readers who want to hedge a spot holding or trade a larger position without moving coins to another platform. Funding runs through card, and card is the whole method list, so adding money is simple and narrow at the same time. Buying, holding and shorting all happen in the same custodial account, which is easier to follow for a beginner than running a wallet with its own key handling.
How your money is protected
Safety here rests on the registration behind the platform and on what it can prove about customer coins. Toobit publishes proof of reserves, and 84.1% of the exchanges in the ranking publish one as well, so a statement about reserves is a normal expectation rather than a selling point. Across the brands on the site, 79.4% publish one. The registration line is narrower: Money Services Business (MSB) registration in the US is the only entry named, and no compensation or deposit protection scheme is listed beside it, which leaves coins on the platform exchange-held. Read the statement together with the terms, because a claim about reserves is not a promise about what happens if the platform fails.
The company behind it
The operator is Hopeful Technology Co. Ltd., based in Cayman Islands, and the platform began trading in 2022. A business that is still young, offshore and holding customer balances is exactly the profile that makes a proof of reserves statement worth reading before adding anything. Support runs on email, help centre and community, so help comes by email, through a help centre and in a community channel, and there is no phone line on the list. That matters most when a position needs attention quickly. Across the exchange ranking, 82.1% of brands offer a help centre, so a self-serve library is the normal route for anything the terms do not answer.
How Toobit compares
9.1 vs 9.5- 9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.7Its taker fee is listed as 0%, so it suits traders who want to avoid commission while Toobit charges 0.03% to 0.06%.
9.1 vs 9.4
9.1 vs 9.6
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 9.0
9.1 vs 8.2
9.1 vs 8.2
9.1 vs 9.7
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 8.7
9.1 vs 8.6
Where Toobit is available
- Available
- United States
- Licence in United States
- Money Services Business (MSB) registration, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to trade on Toobit?+
The published futures fees are a maker fee of 0.006% to 0.02% and a taker fee of 0.03% to 0.06%. Makers add liquidity and takers remove it, and both figures are ranges, so the rate you meet depends on the volume you bring. If you mostly buy and hold, neither number touches you, but regular traders should read the maker figure first.
Is Toobit regulated and is my money protected?+
The licence line holds Money Services Business (MSB) registration in the US, and nothing else is named there. No compensation or deposit protection scheme is listed beside it, so coins left on the platform are exchange-held rather than scheme-protected. Proof of reserves is published, which shows what the platform says it holds.
How do I deposit money into Toobit?+
Deposits go in by card, which is what card lists. Nothing else is on the method list, so a bank transfer or SEPA payment has no route in. Card is used by 51.7% of the platforms in this comparison, so the setup is familiar even if the choice is narrow.
Does Toobit publish proof of reserves?+
Yes, proof of reserves is published for Toobit. That is worth something because 79.4% of the brands on the site publish one, while 15.9% of the exchanges in the ranking do not. A published statement does not remove the risk of holding coins on an exchange, but it gives you something to check.
How many coins can I trade on Toobit?+
The listing shows 503 coins, well above the 74.5 median in the exchange ranking and above the 62 median across the brands on the site. On coins listed, Toobit sits at 25 of 172 in this comparison, so the breadth is in the upper group.
Can I trade derivatives or futures?+
Derivatives trading is offered, so futures positions sit alongside spot holdings instead of needing a second venue. That suits readers who want to hedge a spot position or take a larger directional bet. 50% of the brands in this comparison also offer derivatives, so it is a common addition rather than a rare one.
Who runs Toobit and where is it based?+
The operator is Hopeful Technology Co. Ltd., based in Cayman Islands, and the platform began trading in 2022. The registration in the US sits alongside a KY home office, and that pairing is why the proof of reserves statement matters more here than the fee schedule.
How do I contact Toobit support?+
Support runs on email, help centre and community, which is email, a help centre and a community channel. A help centre is the most widely offered route in the exchange ranking, at 82.1% of the brands there, so expect to self-serve first. Phone support is not on the channel list, which is a limit when speed matters.
Sources
- coingecko.com/en/exchanges/toobit checked September 26, 2026
Backs: Coins listed, Founded, Exchange type, Regulators, Licences
“id=toobit; coins=503; pairs=508”
- defillama.com/cex/toobit checked September 26, 2026
Backs: Proof of reserves
“slug=toobit; category=CEX; tvl=73869264.94542235”
- toobit.com/en-US/support checked September 26, 2026
Backs: Fiat deposit methods, Support channels
“Bank card Pay with Visa or Mastercard ... Accepted Payment Methods Credit Card”
- toobit.com/en-US/support/perpetual-futures-how-are-future... checked September 26, 2026
Backs: Derivatives, Maker fee, Taker fee
“USDT-M Perpetual Contracts settled in USDT ... CoinGecko lists Toobit as a Centralized Exchange with Perpetuals and Futures tabs”
- toobit.com/support/toobit-terms-of-use checked September 26, 2026
Backs: Features, Headquarters, Legal entity
“The Virtual assets will be transferred to the Platform's address for an omnibus user account”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Toobit
A custodial exchange for readers who want a wide coin list and futures trading without self-custody