Toobit Exchange Review 2024

Advantages
of
Toobit

Toobit
sets
itself
apart
with
several
unique
offerings,
which
can
be
seen
as
an
advantage
but
we’re
making
it
it’s
own
thing.
For
starters,
its

support
for
split/merge
positions
provides
flexibility
for
advanced
traders,
while
its
integration
of

AI-powered
tools
simplifies
trading
for
less
experienced
users
impressed
us
right
off
the
bat.
The

Zero
Slippage
Copy
Trading
pairsoffer
a
groundbreaking
advantage,
ensuring
users
mirror
trades
with
unparalleled
precision.
The
platform
has
wowed
us
with
its
advantages,
but
we’re
going
to
let
you
see
for
yourself
what
makes
Toobit
stand
out
from
the
rest:

Support
for
Split/Merge
Positions

Toobit
provides
a
highly
flexible
trading
system
with
two
modes
for
position
management:

Split
Position
Mode
and

Merged
Position
Mode.
These
modes
are
designed
to
cater
to
the
diverse
needs
of
traders,
offering
tailored
solutions
for
managing
positions
and
executing
trading
strategies.Split
Position
Mode
and

Merged
Position
Mode
are
two
distinct
approaches
to
handling
trading
positions.
Each
mode
offers
unique
advantages
based
on
a
trader’s
strategy,
risk
appetite,
and
management
preferences.

Mode:
Split
Position

This
mode
divides
each
order
into
independent
units,
allowing
traders
to
manage
them
separately.

Position
Management

Each
order
operates
as
an
independent
entity.
This
means
traders
can
individually
adjust,
close,
or
modify
any
order
without
impacting
others.
This
granular
control
makes
it
an
ideal
option
for
traders
who
use
diverse
strategies.

Trading
Strategy
Split
Position
Mode
supports
both
long
and
short
positions
simultaneously.
This
flexibility
is
essential
for
traders
employing
multi-strategy
approaches,
such
as
hedging
or
arbitrage,
where
positions
in
opposite
directions
are
necessary.
Flexibility:

With
Split
Position
Mode,
traders
can
close
or
adjust
each
position
independently.
This
high
degree
of
flexibility
makes
it
easier
to
adapt
to
changing
market
conditions
or
pursue
simultaneous
opportunities.

Risk
Control:
Traders
can
set
separate
stop-loss
and
take-profit
levels
for
each
order.
This
capability
enhances
risk
management
by
allowing
traders
to
define
specific
risk
parameters
for
every
position
based
on
its
individual
strategy.
Target
Audience:
This
mode
is
ideal
for
investors
who
prefer
complex
trading
strategies,
such
as
multi-directional
or
multi-strategy
approaches.
It
suits
advanced
traders
who
want
maximum
control
over
each
order.

Mode:
Merged
Position

This
mode
combines
all
orders
in
the
same
direction
into
a
single
unified
position,
streamlining
management
and
execution.

Position
Management

Orders
placed
in
the
same
direction
(either
long
or
short)
are
merged
into
one
consolidated
position.
This
simplifies
management
by
presenting
the
trader
with
a
single,
comprehensive
view.

Trading
Strategy

Merged
Position
Mode
is
tailored
for
single-direction
trading.
By
consolidating
positions,
traders
can
focus
on
straightforward
strategies
without
the
complexity
of
managing
multiple
individual
orders.

Flexibility

Compared
to
Split
Position
Mode,
this
mode
has
lower
flexibility.
Traders
can
only
make
changes
to
the
entire
position,
which
is
more
suitable
for
those
who
prefer
simplicity
over
detailed
control.

Risk
Control

Stop-loss
and
take-profit
levels
are
set
for
the
entire
merged
position
rather
than
for
individual
orders.
While
this
reduces
customization,
it
ensures
consistent
risk
parameters
for
all
trades
in
the
same
direction.

Target
Audience

Merged
Position
Mode
is
perfect
for
investors
with
a
single-direction
trading
strategy.
It
is
particularly
beneficial
for
beginners
or
traders
who
prioritize
simplicity
and
ease
of
management.

Offers
Multiple
Trading
Tools

Asides
that,
Toobit
also
provides
traders
with
a
range
of
advanced
tools
to
optimize
their
trading
strategies.
Two
standout
features
are

Futures
Grid
and

Futures
DCA
(Martingale),
designed
to
cater
to
different
trading
needs
and
preferences.

Futures
Grid

The
Futures
Grid
trading
tool
is
a
powerful
automation
feature
that
enables
traders
to
profit
from
market
fluctuations
by
setting
predefined
price
levels.

How
It
Works:

The
grid
bot
creates
buy
and
sell
orders
at
regular
intervals
within
a
selected
price
range.
When
prices
move,
the
bot
executes
trades,
ensuring
consistent
profit
capture.

Who
It’s
For:

This
tool
is
ideal
for
traders
aiming
to
take
advantage
of
market
volatility
without
constantly
monitoring
price
movements.
It’s
particularly
beneficial
for
sideways
markets
where
prices
oscillate
within
a
range.

Futures
DCA
(Martingale)

The
Futures
DCA
(Dollar-Cost
Averaging)
with
Martingale
strategy
is
another
smart
trading
tool
offered
by
Toobit.

How
It
Works:

This
approach
involves
incrementally
increasing
position
sizes
after
a
loss
to
recover
losses
and
secure
profit
upon
reversal.
The
DCA
aspect
spreads
investment
over
time,
while
Martingale
adjusts
positions
based
on
market
movements.

Who
It’s
For:

Suitable
for
traders
seeking
to
average
their
entry
prices
while
capitalizing
on
market
reversals.
This
tool
is
particularly
effective
in
trending
markets
or
when
scaling
into
larger
positions
with
calculated
risk.
Together,
these
tools
provide
flexibility
and
automation
for
traders,
helping
them
maximize
returns
while
minimizing
manual
effort.

Zero
Slippage
Copy
Trading
Pairs

Toobit
stands
out
in
the
industry
by
offering

Zero
Slippage Copy
Tradingon
a
wide
selection
of
trading
pairs,
making
it
a
go-to
platform
for
efficient
and
accurate
copy
trading.

Over
40
Trading
Pairs
Supported:

Toobit
provides
access
to
more
than
40
zero
slippage
copy
trading
pairs,
ensuring
that
users
have
a
diverse
selection
of
markets
to
choose
from,
including
popular
cryptocurrencies
like
BTC,
ETH,
and
USDT
pairs.

Zero
Slippage
Advantage:

Unlike
traditional
copy
trading
platforms
where
slippage
can
erode
profits,
Toobit’s
zero
slippage
feature
ensures
that
copied
trades
are
executed
at
the
exact
price
of
the
leader
trader’s
entry.
This
eliminates
discrepancies
caused
by
market
volatility
and
ensures
fair
execution
for
followers.

Who
It’s
For:

Perfect
for
beginners
or
those
without
the
time
to
develop
their
strategies,
this
feature
allows
users
to
replicate
the
success
of
top
traders
seamlessly.

Experienced
traders
can
also
benefit
by
becoming
leaders,
earning
commissions
for
their
followers’
trades.
Overall,
Zero
Slippage
Copy
Trading
ensures
precision
and
transparency,
enabling
traders
to
execute
their
strategies
with
confidence.
By
offering
a
broad
range
of
supported
pairs,
Toobit
empowers
users
to
diversify
their
investments
across
multiple
markets.

Proof
of
Reserves
–
Uncompromised
Safety
and
Compliance

A
common
misconception
is
that
the
absence
of
a
KYC
requirement
on
an
exchange
automatically
makes
it
unsafe.
Toobit,
a
game
changer,
has
emphasized
its
commitment
to
robust
security
protocols
and
high
regulatory
standards,
ensuring
a
safe
and
reliable
trading
experience
for
its
users,
while
maintaining
a
no
KYC
feature.In
2024,
Toobit
continually
enhanced
its
services,
emphasizing
its
commitment
to
innovation
and
security.
With
a
strong
foundation
in

ISO
27001
compliance
and
a
transparent

Proof
of
Reserves
system,
the
platform
not
only
prioritizes
the
safety
of
user
assets
but
also
fosters
trust
within
its
growing
community.Furthermore,
the
implementation
of
multi-signature
technology
ensures
that
no
single
individual
within
the
organization
can
independently
access
or
transfer
funds.
This
approach
requires
multiple
approvals
for
any
transaction,
significantly
reducing
the
risk
of
internal
fraud.
Toobit
also
ensures
it
holds
ample
reserves
to
cover
all
user
transactions,
guaranteeing

liquidity and
operational
reliability.
These
reserves
are
carefully
managed
and
transparently
documented,
reinforcing
user
confidence
in
the
platform.
This
level
of
transparency
assures
users
that
their
funds
are
secure
and
that
the
platform
can
process
withdrawals
without
unnecessary
delays.

Exclusive
VIP
Club

And
last
but
not
least,
we
can’t
forget
Toobit’s
VIP
Club,
that
is
very
much
so
worthy
of
a
highlight
when
it
comes
to
a
review
of
the
platform.
The
VIP
Club
offers
a
range
of
exclusive
benefits
to

high-volume
traders.
To
become
a
part
of
this
club,
users
simply
have
to

increase
their
30-day
trading
volume.
Once
you
reach
over
$10
million,
you
gain
VIP
1
status.
The
levels
go
up
to
VIP
6,
which
users
gain
once
hitting
over
$500
million
in
trading
volume.
One
of
the
primary
benefits
of
the
Toobit
VIP
Program
are
the

trading
fee
discounts.
Depending
on
your
VIP
level,
you
can
get
a
50-90%
discount
on
maker
fees
and
a
40-60%
discount
on
taker
fees.
In
addition
to
this,
Toobit
also
offers
the
Market
Maker
Incentive
Program
to
get
maker
fee
rebate.
Looks
like
the
benefits
are
pretty
much
endless!

Disadvantages
of
Toobit

While
Toobit
boasts
numerous
benefits,
it
does
come
with
some
limitations.
The
platform
is
not
yet

available
in
all
countries,
which
could
restrict
its
global
accessibility.
Additionally,
as
a

newer
player
in
the
cryptocurrency
space,
Toobit
lacks
the
longstanding
reputation
of
established
crypto
giants.
However,
its
rapid
growth
and
innovative
features
suggest
a
strong
potential
to
bridge
this
gap
over
time.

How
To
Sign
Up
for
Toobit

Creating
a
Toobit
account
is
your
first
step
in
beginning
your
trading
journey.
This
is
a
step-by-step
tutorial
on
how
to
create
a
Toobit
account.

Visit
the
Toobit
homepage
and
click
the
Sign
Up
button.
You
can
also
opt
to
sign
up
via
Google
or
Apple.

Create
your
account
by
typing
your
email
address
or
phone
number.
For
this
example,
we
have
used
an
email
address.
Next,
create
your
password.
Do
note
that
your
password
must
contain
8-20
characters
and
contain
both
case
letters
and
numbers.
Agree
to
the
Terms
of
Services,
Privacy
Policy,
and
newsletters
by
ticking
the
boxes.
Once
you’re
done,
click
on
the ‘Create
Account’
button.

You
will
be
prompted
with
an
email
verification
code
sent
to
your
email
address.
There
is
a
10
minute
timer
for
this
action,
so
please
verify
your
account
according
to
the
time
given.

The
verification
email
sent
to
your
email
address
will
contain
your
6
digit
verification
code.
The
email
will
look
like
this
and
your
code
will
be
in
the
first
line
of
the
email
body.
After
entering
your
code,
click “Submit”
on
Toobit’s
sign
up
page.

Congratulations,
you
are
officially
a
Toobit
user!
You
will
automatically
be
redirected
to
the
Toobit
Rewards
Hub,
where
New
User
Tasks
will
earn
you
special
rewards.
In
order
to
check
your
account,
you
can
navigate
to
the
upper
right
hand
corner
of
the
website
and
hover
over
the
blue
circle
icon,
which
will
reveal
your
Toobit
ID,
your
UID,
as
well
as
a
general
view
of
all
your
account
settings.

How
To
Buy
Crypto
on
Toobit

Now
that
we’ve
signed
up
for
an
account,
it’s
time
to
get
started
with
some
crypto
on
Toobit!
Here
is
a
guide
to
take
you
through
the
process
of
buying
crypto
on
Toobit.

Register
or
sign
into
your
Toobit
account.
Verify
your
account.
Toobit
takes
user
privacy
seriously,
so
it’s
not
mandatory
to
require
users
to
complete
a
verification
process.
Although,
to
deposit
and
withdraw
large
amount
of
USDT,
you
will
require
verification.
Therefore,
it
is
encouraged
to
complete
your
verification.
This
usually
involves
providing
proof
of
identity,
such
as
a
government-issued
ID,
and
proof
of
address,
such
as
a
utility
bill.

Before
you
can
buy
Crypto,
you’ll
need
to
deposit
funds
into
your
Toobit
account.
To
do
this,
click
on
the “Buy
Crypto”
button
and
select
your
preferred
payment
method.
Toobit
supports
various
payment
options,
such
as
credit
card,
debit
card,
and
USDT.
Choose
the
option
that
works
best
for
you
and
follow
the
instructions
to
complete
the
deposit.

Once
you
have
added
funds
to
your
account,
you
can
now
buy
cryptocurrency
on
Toobit!
Click
on
the
“Trade”
button
and
select
the
cryptocurrency
you
want
to
purchase.
For
this
example,
we’ve
highlighted
Bitcoin
as
our
token
of
choice.
You
have
a
couple
of
options:
market
order,
limit
order,
trigger
order,
or
TP/SL
order.
A
market
order
will
execute
immediately
at
the
current
market
price.
A
limit
order
allows
you
to
set
a
specific
price
at
which
you
want
to
buy
your
tokens.
Make
sure
to
choose
the
option
that
suits
your
preference,
then
enter
the
amount
of
cryptocurrency
you
want
to
purchase.

Conclusion

Overall,
Toobit
is
a
relatively
new
crypto
exchange
that
has
proven
itself
as
a
worthy
contender
in
the
game.
All
of
the
platform’s
new
additions
this
year
truly
makes
2024
a
standout
year
for
Toobit.
As
a
derivatives
trading
platform
that
is
focused
on
being
user-friendly
and
having
no
KYC,
Toobit
has
quite
an
impressive
arsenal.
The
platform’s
secure
and
compliant
exchange
also
provides
efficient
trading
options
and
numerous
ways
to
earn
rewards.
After
all,
Toobit
also
supports
high
leverage
and
offers
some
of
the
lowest
fees
amongst
cryptocurrency
platforms.

Toobit’s
emphasis
to
the
platform’s
dedication
to
convenience,
security,
and
growth
is
one
that
is
striking.
Discover
for
yourself
today
why
Toobit
truly
is
a
bit
more
than
crypto.

Toobit Exchange Review 2024

Advantages of Toobit

Support for Split/Merge Positions

Mode: Split Position

Mode: Merged Position

Offers Multiple Trading Tools

Futures Grid

Futures DCA (Martingale)

Zero Slippage Copy Trading Pairs

Proof of Reserves – Uncompromised Safety and Compliance

Exclusive VIP Club

Disadvantages of Toobit

Sponsors for Industry Events

How To Sign Up for Toobit

How To Buy Crypto on Toobit