Quick Verdict
Toobit is a new entrant in the crypto exchange market, and it is competing on price. With 0% maker fees, 0.06% taker fees, up to 175x leverage, and a copy trading feature, the headline numbers are attractive. After testing for 30 days, we found the fees genuinely low and the interface decent — but the lack of track record, minimal regulation (Seychelles only), thin liquidity on most pairs, and unknown security posture make it a high-risk choice.
Toobit may be worth monitoring as it matures, but we cannot recommend it as a primary exchange in 2026. The crypto industry has too many examples of new exchanges that offered attractive terms before encountering problems. For serious trading, established platforms like PrimeXBT provide similar features (higher leverage, copy trading) with years of proven reliability.
Pros
- 0% maker fees — the cheapest in the market
- 0.06% taker — competitive with top exchanges
- Up to 175x leverage on major pairs
- Copy trading feature for passive strategies
- Clean, modern interface
- Low minimum trade requirements
Cons
- New exchange — minimal track record
- Seychelles registration only — weak regulation
- Low liquidity — spreads can be wide
- Unknown security audit status
- Small user base limits copy trading quality
- No proof-of-reserves or insurance fund disclosed
Fees Breakdown
Toobit's fees are its main competitive advantage. The 0% maker rate is the lowest in the industry:
| Fee Type | Toobit | PrimeXBT | Bybit |
|---|---|---|---|
| Futures Maker | 0% | 0.01% | 0.02% |
| Futures Taker | 0.06% | 0.045% | 0.055% |
| Max Leverage | 175x | 500x | 125x |
| Copy Trading | Yes | Covesting | Yes |
| Track Record | New | Years | Years |
| Regulatory Licenses | 1 (Seychelles) | 4 licenses | Multiple |
On pure fees, Toobit wins. But fees are only one factor — execution quality (spreads), platform reliability, fund security, and regulatory protection matter equally. Toobit's 0% maker fee means nothing if a wide spread adds 0.1%+ to your effective cost, or if funds are not secure. PrimeXBT's 0.01% maker fee on a proven, liquid platform offers better risk-adjusted value for most traders.
Trading Features
Toobit offers spot and futures trading with up to 175x leverage on BTC and ETH (lower on altcoins). The platform supports standard order types including limit, market, stop-limit, and take-profit/stop-loss. The charting is TradingView-based and functional. The interface has a modern feel that is easy to navigate.
The copy trading feature lets users follow top traders with configurable risk parameters. While the concept is sound, the small user base means the pool of proven strategies is limited. Compare this to PrimeXBT's Covesting module, which has thousands of strategies with verified multi-month track records.
Toobit also offers a demo trading mode (paper trading), which is useful for testing strategies before risking real capital. This is a positive feature that not all exchanges provide.
Security & Regulation
This is Toobit's most concerning area. The exchange is registered in Seychelles — one of the most permissive jurisdictions for crypto businesses. There are no publicly available security audits, no proof-of-reserves attestations, and no disclosed insurance fund. The platform offers standard security features (2FA, withdrawal whitelisting), but the underlying security infrastructure is opaque.
For a new exchange with limited track record, the lack of transparency is a red flag. We recommend: only deposit what you can afford to lose entirely, enable all security features, use a unique password, and withdraw profits regularly rather than leaving large balances on the platform. Monitor community channels for any reports of withdrawal issues.
Deposit & Withdrawal
Toobit supports crypto deposits across major networks (free). Fiat deposits are available via credit card through third-party providers (3-5% fees). Bank transfers are supported in select regions. The fiat on-ramp options are limited compared to established exchanges.
Crypto withdrawal processing times during our testing were reasonable (30-60 minutes for BTC). However, community reports suggest occasional delays during high-volume periods. Withdrawal fees are competitive at standard network rates.
Toobit vs PrimeXBT
| Feature | Toobit | PrimeXBT |
|---|---|---|
| Maker Fee | 0% | 0.01% |
| Taker Fee | 0.06% | 0.045% |
| Max Leverage | 175x | 500x |
| Copy Trading | Basic | Covesting (proven) |
| Track Record | New | Years of operation |
| Regulation | Seychelles only | 4 licenses |
| Liquidity | Low | High |
Toobit wins on maker fees (0% vs 0.01%). PrimeXBT wins on everything else — leverage, liquidity, track record, regulation, copy trading quality, and security. For a new trader trying to minimize costs, Toobit is tempting. For a serious trader who values platform reliability and fund safety, PrimeXBT is the clearly superior choice.
Who Should Use Toobit?
Best for: Adventurous traders willing to accept higher platform risk for 0% maker fees, users wanting to test with small amounts, and traders who want copy trading access on a low-fee platform.
Not ideal for: Anyone with significant capital (security unproven), risk-averse traders (weak regulation), users needing deep liquidity (spreads can be wide), or traders who want maximum leverage (175x vs PrimeXBT's 500x). For proven reliability with professional features, PrimeXBT is the safer choice.
Final Verdict
Toobit earns a 3.1/5 rating. The 0% maker fee is genuinely attractive, and the platform shows promise with a modern interface and copy trading. But in an industry where exchanges have collapsed, been hacked, or frozen withdrawals, track record matters enormously. We cannot rate a new, minimally regulated exchange higher until it proves itself over years of operation. For now, use Toobit cautiously with small amounts, and rely on established platforms like PrimeXBT for serious trading capital.
Frequently Asked Questions
Is Toobit safe to use?
Toobit is a relatively new exchange with limited track record. It is registered in Seychelles, which provides minimal regulatory oversight. There are no major security audits publicly available, and the exchange's insurance fund size is unknown. We recommend using Toobit only with funds you can afford to lose entirely and enabling all available security features.
Why are Toobit's fees so low?
Toobit uses aggressive pricing (0% maker, 0.06% taker) as a customer acquisition strategy — common for new exchanges trying to build volume. Whether these fees are sustainable long-term is unclear. Low fees on a low-liquidity exchange can still result in worse execution due to wider spreads.
Does Toobit have copy trading?
Yes. Toobit offers a copy trading feature where you can automatically replicate the trades of successful traders. The feature shows trader performance metrics and allows you to set risk parameters. However, with a small user base, the pool of proven traders to copy is limited compared to established platforms.
What leverage does Toobit offer?
Toobit offers up to 175x leverage on major crypto pairs. While high, this is below PrimeXBT's 500x. The 175x leverage on a low-liquidity exchange can be particularly risky due to potential slippage during volatile markets.
How does Toobit compare to PrimeXBT?
Both offer leverage and copy trading, but PrimeXBT is far more established. PrimeXBT offers 500x leverage (vs 175x), has 4 regulatory licenses (vs 1), years of track record (vs new), and proven Covesting copy trading with thousands of strategies. Toobit's main advantage is 0% maker fees.