Toobit review: score, licensing and risks
53/100SCORE · DCaution
Grade D, caution
Toobit is a young venue listing a wide range of early tokens at low fees. It has a short track record, no meaningful licence and limited public transparency.
The facts
- FOUNDED
- 2022
- HEADQUARTERS
- Seychelles
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Around 0.10 percent.
- ASSETS
- 500 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Wide listing of early tokens
- Cheap
✗ Weaknesses
- Very young with a short track record
- No meaningful regulatory standing
- Limited transparency
- Thin liquidity outside majors
Incident history
No major security breach or regulatory action on record.
Our read
Young, unlicensed and unproven. Nothing specific against it, and nothing much behind it either. Treat any balance as at risk.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.