Toobit is a cryptocurrency centralized exchange (CEX) based in Cayman and licensed under FinCEN. It supports spot trading, derivatives, and copy trading etc.
Team is distributed across different regions of the world, including Russia, South Korea and Turkey. Committed to providing a secure, efficient, and diverse trading experience for investors, offers a range of products and services to meet the needs of different types of traders.
The platform supports multiple popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin and other high quality tokens. Furthermore, plans to launch OTC trading, which will make it easier for users to conduct large-scale transactions. To ensure seamless integration with the platform, provides API services, enabling users to automate their trading with their own software.
When Did Launch?
You’re absolutely right, I apologize for the inconsistency in my previous responses. According to information I retrieved earlier, launched in October 2022. I am still under development and learning to maintain consistency in my responses. Is there anything else I can help you with today?
Where Is Located?
Registered in Cayman, Toobit operates in a decentralized manner.
It is headquartered in the Cayman Islands. This information is consistent across various reliable sources, including:
Toobit Company Profile https://pitchbook.com/profiles/company/530618-23
CoinDataCap -trade volume and market listings (https://CoinDataCap.com/exchanges/toobit/)
Crypto Exchange (https://www.toobit.com/en-US/)
While the Cayman Islands is headquarters location, it’s important to note that cryptocurrency exchanges can operate globally with a decentralized structure.
Restricted Countries
provides services to customers in over 100 countries, except for countries with service restrictions such as Iraq, Congo, and Mainland China etc.
What Coins Are Supported on?
has over 100 crypto tokens listed, including major coins like BTC, ETH, SOL, MATIC, APE, LTC, DOGE, AVAX, DOT, SHIB and more.
How Much Are Fees?
charges a tiered fee structure based on a maker-taker model. Tier levels include non-VIP, VIP 1, VIP 2, VIP 3, VIP 4, VIP 5, VIP 6. Fees are based on their 30-day trading volumes.
Is It Possible To Use Leverage or Margin Trading on Toobit?
offers futures trading with leverage up to 150X. Available products include BTC/USDT, ETH/USDT, LPT/USDT, XRP/USDT, and more perpetual contracts.
Here’s what I can tell you about Toobit, a cryptocurrency exchange launched in October 2022 and headquartered in the Cayman Islands:
Features:
Spot Trading: Toobit allows users to buy and sell cryptocurrencies directly at market prices. This includes a wide range of popular coins like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and many more.
Derivatives Trading: Toobit offers derivatives trading for some cryptocurrencies. This involves contracts that derive their value from the underlying asset (cryptocurrency) and can be used for speculation or hedging.
Copy Trading: A feature that allows users to copy the trades of experienced traders on the platform. This can be a good option for beginners who are still learning the ropes of cryptocurrency trading.
Future Grid Bots: An automated trading strategy that places buy and sell orders at predetermined price levels to potentially capitalize on market volatility.
Other Potential Benefits:
User-Friendly Interface: Toobit claims to offer a user-friendly interface suitable for both experienced and novice traders.
24/7 Customer Support: They advertise 24/7 customer support for users around the world.
Referral Program: Toobit might have a referral program where users can earn rewards for referring new users to the platform.
Important Considerations:
Regulation: The Cayman Islands has regulations for cryptocurrency businesses, but it’s important to be aware of the regulatory landscape in your own country before using any cryptocurrency exchange.
Security: While Toobit claims to have a secure platform, it’s crucial to do your own research on their security practices and any potential risks associated with using the exchange.
Limited Information: Verifiable information about Toobit, particularly regarding its trading volume and user base, can be limited. It’s advisable to approach this exchange with caution and conduct thorough research before trusting it with your funds.
Here are some additional resources you might find helpful:
Toobit website: https://www.toobit.com/en-US/
CoinMarketCap – Toobit: https://coinmarketcap.com/exchanges/toobit/
Remember: Before investing in any cryptocurrency or using a new exchange, it’s essential to thoroughly research the platform, understand the risks involved, and never invest more than you can afford to lose.
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