What is Toobit?
Toobit is a cryptocurrency exchange that allows users to trade a variety of cryptocurrencies. It provides a platform for both spot and futures trading, catering to traders of all experience levels.
Who is the Founder?
The specific founder details of Toobit are not widely publicized, as it operates under a team of professionals in the blockchain industry.
When Did It Start Operations?
Toobit began operations in 2022.
Where Is It Based?
Toobit is headquartered in Singapore.
In Which Countries Is It Banned?
Toobit primarily serves users globally but may face restrictions in certain regions, including:
- United States: Toobit has limited services for U.S. residents due to regulatory constraints.
- China: Cryptocurrency exchanges are banned.
- Other Countries: Various jurisdictions may have regulations that limit access to Toobit’s services.
What Is the Trading Fee?
Toobit’s trading fees typically range from 0.1% to 0.2%, depending on the specific trading pair and the user’s trading volume.
Is Margin Trading Available?
Yes, Toobit offers margin trading, allowing users to trade with leverage. This feature enables traders to increase their positions by borrowing funds, which can amplify potential returns but also increases risks.
