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Toobit was established in 2022 and is a centralized cryptocurrency exchange registered in the Cayman Islands. Currently, there are 92 coins and 100 trading pairs on the exchange. Besides, It is reported that Toobit’s 24-hour volume has changed by -37.46% in the last 24 hours compared to the previous day, amounting to $927,111,897.88.
Related: ALL EXCHANGE GUIDES
As Coin Engineer, we reviewed the details of using the Toobit exchange, a next-generation crypto financial trading platform, for you.
1) Registration Process (Toobit)
From here, enter the registration page. Firstly, sign up with your email address or phone number, enter your password and referral code, and then select “I accept the service information and terms.” Click on Create Account and enter the verification code to complete the account registration.
Our registration link that you can use to register on the Toobit exchange
After logging in, let’s activate the verifications to increase the security of our account.
Security Settings: We recommend enabling two-factor authentication to increase your account security level, protect your assets, and trade smoothly on the platform. Go to [Security Settings] and enable any two security items from email, mobile phone, and Google verification.
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You can also continue with advanced settings, asset passwords, and phishing protection codes to further protect your account security. Definitely do not lose the asset password and phishing protection code you set. If you lose them, there will be a 24-hour withdrawal ban on your withdrawable balance after a password reset or phishing code reset.
Now, let’s proceed with KYC (identity verification) processes.
Go to [Identity Verification] for basic and advanced verification. After completing basic verification, you can withdraw money, trade fiat currency, and set up API. By completing advanced verification, you can increase your transaction limit.
2) Deposit – Withdrawal
Deposit: If you don’t have any assets in your Toobit account and need to transfer your assets from another exchange/wallet, enter [Assets] – [Spot Account], select [Deposit], choose the coins to be deposited, and copy the address. Pay attention to the quick information on the deposit page, and then you can deposit your digital assets.
Withdrawal: If you want to withdraw the coin in your Toobit account to other exchanges/wallets, go to [Assets] – [Spot Account], select [Withdraw], select the target coin, enter the recipient address and amount, and make the payment. However, pay attention to the notifications on this page, and then you can send your withdrawal request after review.
3) Spot Trading
If you already have cryptocurrency in your account and want to swap it with other currencies, you can place an order by going to the spot market. For example, the BTC/USDT trading pair can be understood as buying BTC with USDT or exchanging USDT with BTC.
4) Perpetual Futures
Bitcoin (BTC) and Tether (USDT) allow you to trade without an expiration date. You can profit from both rising and falling markets. To start, click on the [derivatives] option on the main page and select the [USDT Perpetual] or [Lite Perpetual] option. Then, choose the leverage you want to increase your potential earnings while managing risks. After that, enter your transaction details and execute your trades. Remember to be careful and start with an amount you can afford to lose.
5) Reward Center
You can also access coupons or different rewards you will earn from the Toobit exchange sections. To access it, click on the avatar in the top right corner of the main page and select “Reward Center”. Discover tasks, earn rewards, and take advantage of benefits that suit your interests. Furthermore, the most attractive reward is to deposit 100 USDT and earn 5 USDT.
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