Lighter vs Toobit
Lighter has the higher grade on both axes: Safety 6.2 against 4.3, and Privacy 7.5 against 2.4.
Lighter
Zero-fee perpetuals and spot order book on an Ethereum layer 2, used with your own wallet
Privacy
7.5/ 10
Strong
Safety
6.2/ 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
| Lighter | 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 | USDC, ETH, BTC, LIT | BTC, ETH, USDT, SOL, XRP, TON, DOGE |
| Pay with | Crypto | Crypto, Card |
| Fees | Standard accounts: 0% maker and taker on regular orders, 0.01% on TWAP/advanced orders and RFQ; Premium/Advanced from 0.004% maker / 0.028% taker | Not published |
| Jurisdiction | Not published | Cayman Islands (non-EU users); Poland (EU/EEA users) |
| Not available in | United States, Canada, United Kingdom, China, North Korea, Russia, Ukraine, Cuba, Iran, Venezuela, Syria | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Lighter
No registrationNo email neededNo phone neededNon-custodialExcludes US users
Both
Nothing distinct
Only Toobit
CustodialClosed sourceMay request IDLegal entity disclosedRuns an affiliate programme
Where they sit among no-kyc exchanges
Questions
Is Lighter or Toobit safer?
Lighter has the higher Safety grade: Lighter 6.2, Toobit 4.3, out of 10.
Does Lighter or Toobit require KYC?
Lighter is KYC level 1 (no ID mentioned). Toobit is KYC level 3 (ID on risk flag).
Which has more incidents on record?
Lighter has 0 and Toobit has 0 documented incidents in the registry.