Service overview
dYdX
dydx.trade
Decentralised perpetuals order book on its own chain, traded from a self-custody wallet
Non-custodialNo registration
Privacy 7.7/10
Safety 7.0/10
Read the evidence
Toobit review
Centralised derivatives and spot exchange with two-level KYC
Privacy score
2.4/ 10
PoorHow much you reveal
See the score breakdown Safety score
4.3/ 10
CautionHow well you’re protected
See the score breakdown Identity policy
3/ 4 KYC level
ID on risk flag Read the policy Evidence
Documentation reviewed Grades based on published terms and documentation.
0 published tests Two grades. Different questions.Understand the methodology
The overview
The essentials, at a glance.
Toobit is an exchange. Its terms put it at KYC level 3 of 4: ID on risk flag. NoKYC Score grades it 2.4/10 for privacy (poor) and 4.3/10 for safety (caution). In its favour: company named. To watch: it may ask for ID and holds your funds while you use it. No incidents are on record.
What stands out
- Company named
The operating company and its jurisdiction are published.
Before you use it
- May ask for ID
The terms reserve the right to demand identity documents, often after a risk flag.
- Holds your funds
The operator controls user funds while they are on the platform.
No test transactions published yet.
About Toobit
Toobit is a centralised exchange offering spot, perpetual futures, copy trading, trading bots and a P2P desk. Its terms of use name Future Planet PTE. Ltd., a Cayman Islands company, as the contracting party for users outside the EU/EEA, and Elyndret Sp. z o.o. in Poland for EU/EEA users. The help centre describes two KYC levels, basic (name and document number) and advanced (document upload and face check), but the pages read did not state what an unverified account can do or its limits. The terms (section 18.4) require users to comply with reasonable requests for information and documents about any transaction, and allow suspension when information is suspected to be inaccurate.
Cite this review or read as plain text
NoKYC Score, "Toobit review", reviewed 23 Oct 2026, https://nokycscore.com/service/toobit
Open plain-text review ↗The feature review
Privacy, without the guesswork.
1 / 15 features confirmed2 warnings in the recorded terms
Identity
0 / 4 confirmed
- ID never requiredNo
The terms rule identity checks out, or the design makes them impossible.
- No account neededNot stated
Usable without creating an account, or the account is only a random number.
- No email neededNot stated
An email address is not required to sign up or use it.
- No phone numberNot stated
A phone number is never required.
Payment
0 / 3 confirmed
- Accepts MoneroNot stated
Monero hides sender, receiver and amount, so the payment cannot be traced to you.
- Accepts LightningNot stated
Bitcoin Lightning payments: fast, cheap and more private than on-chain.
- Accepts cashNot stated
Cash by post or in person: no bank and no blockchain record.
Access
0 / 2 confirmed
- Tor onion addressNot stated
An official .onion address, reachable only through Tor.
- Works without JavaScriptNot stated
Core functions work with scripts disabled, as in Tor Browser on its safest setting.
Trust
1 / 6 confirmed
- Never holds your fundsNo
The operator never controls user funds, so it cannot freeze them.
- Own liquidityNot stated
Fills orders from its own reserves, so no upstream exchange screens your deposit.
- Refund without IDNot stated
The terms commit to refunding a stopped order without identity documents.
- Independent auditNot stated
A third party audited the code or the no-logs claim, and the report is public.
- Company namedYes
The operating company and its jurisdiction are published.
- 5+ years operatingNot stated
Has operated continuously for five years or more.
Warnings
2 flagged
- May ask for IDYes
The terms reserve the right to demand identity documents, often after a risk flag.
- Screens depositsNot in terms
Deposits are scored by blockchain analytics; a flag can freeze them.
- Passes orders to partnersNot in terms
Orders go to upstream exchanges that apply their own screening.
- Holds your fundsYes
The operator controls user funds while they are on the platform.
- Email requiredNot in terms
An email address is required to use the service.
- Phone number requiredNot in terms
A phone number is required to use the service.
- Nobody accountableNot in terms
No company or person is publicly responsible for the service.
“Not stated” means the service’s own pages do not say. Expand a group to see every check.
Identity requirements
Does Toobit require KYC?
Level 3 of 4
ID on risk flag
- 0 Never
- 1 Not mentioned
- 2 Rare
- 3 On risk flag
- 4 Mandatory
Not for standard use, but Toobit's terms let it hold funds and ask for ID or proof of source of funds after a risk flag, or above a usage limit. Checked against its own terms.
- Account required
- Email may be asked
- Phone may be asked
- ID possible after a flag
KYC level 3: ID on risk flag. The terms allow funds to be held and identity demanded after an automated risk flag.
Terms section 18.4: "You shall comply with any reasonable requests by us for information, documents, and agreements related to any transaction". Limits for unverified accounts were not stated on the pages read (not confirmed).
Transparent by design
Every point, explained.
Both grades start at 50 points and move by fixed, published amounts. Nothing is adjusted by hand. The total is divided by ten.
Privacy
2.4/ 10
- Starting points 50
- KYC level 3: ID on risk flag -14
- Custodial -3
- Closed source -2
- May request ID -7
- Total, clamped to 0–100 24
Safety
4.3/ 10
- Starting points 50
- Custodial -5
- Closed source -3
- May request ID -4
- Legal entity disclosed +5
- Total, clamped to 0–100 43
Evidence, not promises
Test ledger 0
Published test transactions, with the route, amount and outcome available to inspect.
No test transactions published yet
The grades above rest on Toobit’s terms and documentation. Tests will appear here with the date, route, amount band and result as they are run.
The track record
Incidents 0
No incidents on record
We have no documented cases for Toobit. An empty record does not guarantee a service is risk-free.
Community experience
What users are saying 0
Reviews never change a grade. Reviews with a transaction reference are marked.
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Alternatives to Toobit
All alternatives → Service overview
Hyperliquid
hyperliquid.xyz
On-chain order-book exchange for perpetuals and spot, used with your own wallet
Non-custodialNo registration
Privacy 7.5/10
Safety 6.7/10
Read the evidence
Service overview
NightTrader Exchange
nighttrader.exchange
Order-book exchange using two-key deposit accounts with timelocked refunds
Non-custodial
Privacy 6.5/10
Safety 6.4/10
Read the evidence
Service overview
Lighter
lighter.xyz
Zero-fee perpetuals and spot order book on an Ethereum layer 2, used with your own wallet
Non-custodialNo registration
Privacy 7.5/10
Safety 6.2/10
Read the evidence
Toobit vs dYdXToobit vs HyperliquidToobit vs NightTrader ExchangeToobit vs Lighter
Toobit: common questions
Does Toobit require KYC?
Toobit is rated KYC level 3 of 4 on this site: ID on risk flag. Terms section 18.4: "You shall comply with any reasonable requests by us for information, documents, and agreements related to any transaction". Limits for unverified accounts were not stated on the pages read (not confirmed).
Is Toobit safe to use?
Toobit has a Safety grade of 4.3 out of 10 and a Privacy grade of 2.4 out of 10. No incidents are on record. Evidence level: documentation reviewed.
Is Toobit legit?
Toobit is a working exchange. It publishes the company that runs it, in Cayman Islands (non-EU users); Poland (EU/EEA users). Being real is not the same as being safe: its Safety grade here is 4.3 out of 10, built from custody, liquidity, track record and incidents.
Is Toobit a scam?
NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. No incidents are on record for Toobit. Its terms also allow it to hold a flagged deposit and ask for identity documents.
Does Toobit have a Tor onion address?
No official onion address was found on Toobit's own pages.
Which cryptocurrencies does Toobit support?
Toobit supports BTC, ETH, USDT, SOL, XRP, TON, DOGE.
Is Toobit custodial?
Yes. Toobit holds funds during a trade, which means it is able to delay or freeze them.
Can I use Toobit over Tor?
Toobit does not publish an official onion address.
Listing history
- Listing added. Facts and KYC level set from the service's own terms and documentation.