Hyperliquid vs Toobit
Hyperliquid has the higher grade on both axes: Safety 6.7 against 4.3, and Privacy 7.5 against 2.4.
Hyperliquid
On-chain order-book exchange for perpetuals and spot, used with your own wallet
Privacy
7.5/ 10
Strong
Safety
6.7/ 10
Fair
No ID mentioned KYC 1 Docs reviewed Full review →
Toobit
Centralised derivatives and spot exchange with two-level KYC
Privacy
2.4/ 10
Poor
Safety
4.3/ 10
Caution
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| Hyperliquid | Toobit | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | No ID mentioned | ID on risk flag |
| Custody | Non Custodial | Custodial |
| Sign-up | No account needed | Not published |
| Open source | No | No |
| Tor onion address | No | No |
| Coins | BTC, ETH, SOL, USDC, USDT, HYPE | BTC, ETH, USDT, SOL, XRP, TON, DOGE |
| Pay with | Crypto | Crypto, Card |
| Fees | Perps base tier 0.045% taker / 0.015% maker; spot 0.070% taker / 0.040% maker, lower with 14-day volume | Not published |
| Jurisdiction | Not published | Cayman Islands (non-EU users); Poland (EU/EEA users) |
| Not available in | United States, Ontario (Canada) and sanctioned jurisdictions; outcome markets have further exclusions | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Hyperliquid
No registrationNo email neededNo phone neededNon-custodialExcludes US usersIndependent audit
Both
Closed sourceRuns an affiliate programme
Only Toobit
CustodialMay request IDLegal entity disclosed
Where they sit among no-kyc exchanges
Questions
Is Hyperliquid or Toobit safer?
Hyperliquid has the higher Safety grade: Hyperliquid 6.7, Toobit 4.3, out of 10.
Does Hyperliquid or Toobit require KYC?
Hyperliquid is KYC level 1 (no ID mentioned). Toobit is KYC level 3 (ID on risk flag).
Which has more incidents on record?
Hyperliquid has 0 and Toobit has 0 documented incidents in the registry.