Toobit

Overview of Toobit

Toobit is a centralised cryptocurrency exchange launched in October 2022. Its current platform combines cryptocurrency Spot trading with USDT-M and USDC-M perpetual Futures, Copy Trading, trading bots, Convert, Earn products, Event Contracts, and DEX+ access. Toobit has also expanded into TradFi-linked perpetual products covering markets such as precious metals, stocks, and indices. These TradFi products are derivatives and should not be described as direct ownership of the underlying shares, metals or indices. Toobit's current About page states that the platform provides more than 1,000 trading pairs.

Toobit's current fee schedule separates standard Spot markets, Assessment Zone markets, and Futures. Standard Spot is presently listed at 0% maker and 0% taker across VIP tiers. Assessment Zone Spot pairs remain fee-bearing, starting at 0.0750% maker and 0.1000% taker at VIP 0. Perpetual Futures start at 0.0200% maker and 0.0600% taker at VIP 0, with lower rates at higher VIP levels. The exchange can also run pair-specific or temporary promotions, so the live rate shown for the relevant market remains the final trading cost.

Futures leverage is product-dependent. Toobit currently states that eligible crypto Futures can offer up to 200x leverage, while its XAUUSDT gold perpetual can reach 500x for the smallest notional tier. Many contracts have substantially lower limits, and leverage can decrease as position size increases.

Identity verification is tiered rather than compulsory for all ordinary trading. Toobit's September 2026 KYC guidance states that users can currently deposit crypto and trade Spot and Futures without completing KYC. Verification becomes necessary for certain services and higher account privileges, including fiat purchases and increased withdrawal limits. Toobit provides Basic and Advanced verification levels.

The platform supports web trading, official iOS and Android applications, Futures Demo Trading, and APIs for Spot, Futures, and Copy Trading. Its trading interface also includes technical indicators and native TradingView integration.

Toobit publishes Proof of Reserves using Merkle-tree verification and states that audits are conducted regularly. Its current Proof of Reserves page shows reserves above 100% for the principal assets displayed. Proof of Reserves is a transparency mechanism; it is not government-backed deposit insurance and does not guarantee recovery from every type of loss.

How to Get Toobit Rebates with HighFxRebates

To receive Toobit cashback through HighFxRebates,

1. Open a new Toobit account using the HFR referral link.
2. After registration, go to your HighFxRebates dashboard and open the Crypto Accounts section.
3. Enter your Toobit wallet address as the account number and submit it for review.

Once your account is confirmed, you'll be eligible for a 36% commission. Cashback is calculated daily and credited directly to your Toobit account.

• What is Toobit cashback
  Toobit cashback through HighFxRebates returns 36% of eligible trading commissions actually paid and reported by Toobit. Cashback reduces part of an eligible trading cost but does not reduce market or liquidation risk.
• How does Toobit cashback work?
  The account must be correctly linked to the HFR referral arrangement. When an eligible trade generates a qualifying commission, 36% of that eligible commission is returned according to the HFR-Toobit cashback arrangement.
• What is the HFR Toobit cashback rate?
  The HFR rate is 36% of eligible commissions paid.
• How do users register?
  Create an HFR account and register for Toobit using the HFR referral link. Submit the Toobit UID where requested and wait until attribution is confirmed.
• Can existing Toobit users participate?
  Yes, subject to Toobit approval. Existing clients should contact Toobit support and request that their account be transferred or linked under the HFR referral code HIGHFXREBARES.
• Which products qualify?
  Spot and Futures commissions.
• When and where are rebates paid?
  Eligible Toobit cashback is paid daily and directly to the user's Toobit account.
• Does cashback change Toobit trading conditions?
  No. Toobit's fees, execution, leverage, funding rates, and risk rules remain controlled by Toobit. HFR cashback is a separate rebate on eligible reported commissions.
• Can cashback stack with VIP discounts?
  Where Toobit allows the account arrangement and still reports the commission as eligible, HFR cashback is calculated from the qualifying commission actually paid after the applicable fee rate.
• What happens when a Spot pair has zero trading fees?
  If the eligible trading fee is zero, there is normally no trading commission from which to calculate HFR cashback.
• Can Toobit change its referral rules?
  Yes. Toobit's affiliate agreement allows it to change commission structures, eligibility criteria, and programme conditions. Attribution is determined by Toobit's systems.

• What is Toobit?
  Toobit is a centralised cryptocurrency exchange offering Spot markets, perpetual Futures, Copy Trading, trading bots, DEX+, Convert, Event Contracts, and selected TradFi-linked derivatives.
• Where is Toobit based?
  For legal-contract purposes, Toobit's Terms identify Hopeful Technology Co. Ltd. in the Cayman Islands for non-EU/EEA users and Elyndret SpóÅ‚ka Z OgraniczonÄ… OdpowiedzialnoÅ›ciÄ… in Poland for EU/EEA users. Toobit does not present one simple operational headquarters location in its current About page.
• When was Toobit founded?
  Toobit launched in 2022. Contemporary launch material dates the exchange's launch to 16 October 2022.
• Is Toobit regulated?
  Toobit has regulatory registrations, but these should not be described as comprehensive global exchange regulation.
  Its Polish entity is listed in Poland's virtual-currency activity register as RDWW-1593. Poland's competent authority now states explicitly that this registration does not provide MiCA CASP authorisation. Toobit also reports a US FinCEN MSB registration; FinCEN states that MSB registration is not government certification or endorsement.
  No current Toobit/Elyndret MiCA CASP authorisation was confirmed in the official ESMA materials reviewed for this update.
• Does Toobit provide deposit insurance?
  No government-backed deposit insurance was confirmed. Toobit's Proof of Reserves and other security arrangements are not equivalent to bank deposit insurance.
• Is KYC required?
  Not for basic Spot or Futures trading under Toobit's current rules. Users can deposit crypto and trade Spot and Futures without KYC. Verification is required or relevant for services including fiat purchases, P2P, higher withdrawal limits, and read/write API permissions.
• How are deposits and withdrawals made?
  Users can deposit and withdraw supported cryptocurrencies through supported blockchain networks. Toobit also provides card-based crypto purchases through third-party providers and P2P transactions using methods such as bank transfers and e-wallets. These third-party and P2P methods should not be described as native Toobit bank deposits.
• What are Toobit trading fees?
  Standard Spot is currently shown at 0% maker/taker on Toobit's fee-rate page, with Assessment Zone and API exceptions. VIP 0 Futures cost 0.020% maker and 0.060% taker. Higher VIP tiers receive lower Futures rates.
• What products can be traded?
  Toobit provides Spot crypto markets, USDT-settled perpetual Futures, and TradFi perpetual contracts. Its TradFi section includes derivative exposure linked to stocks, indices, metals, and commodities.
• Is margin or leverage available?
  Yes. Toobit uses margin for leveraged perpetual Futures and supports isolated and cross-margin modes. A separate conventional Spot-margin borrowing service was not confirmed in the current official materials reviewed.
• What is the maximum leverage?
  Eligible crypto Futures can offer up to 200x. Toobit currently advertises up to 500x for its XAUUSDT gold perpetual contract. Limits depend on product, position size and risk tier.
• Does Toobit offer Copy Trading?
  Yes. Toobit provides Futures Copy Trading with leader and follower accounts.
• Does Toobit offer social trading?
  No separate social-trading network was confirmed. Toobit's Copy Trading service allows users to follow lead traders, but it should be listed separately from a conventional social-trading community.
• Does Toobit provide API access?
  Yes. Toobit provides trading and market-data APIs, including Futures and Copy Trading API functionality.
• Does Toobit offer demo trading?
  Yes. Toobit provides Futures Demo Trading on its website and app using virtual USDT. It also introduced an Instant Demo mode. Demo balances have no real value and results do not represent live-trading performance.
• What security features are available?
  Toobit supports two-factor authentication, passkeys and anti-phishing codes. It also provides Proof of Reserves and publishes information about its security controls.
• Does Toobit publish Proof of Reserves?
  Yes. Toobit's Proof of Reserves uses a Merkle Tree process and allows users to verify whether their account balance was included in the relevant audit snapshot. Proof of Reserves is not deposit insurance.
• What support is available?
  Toobit provides a Support Centre, online customer support, and the [email protected] email address. Its website describes support as available 24/7.