No, Toobit doesn’t require KYC. Toobit is considered to be a no-KYC crypto exchange. You can trade, deposit, and withdraw on Toobit without personal identification.
While most features are accessible to everybody, some features are locked for unverified Toobit users. Read on to learn more.
Toobit Withdrawal Limits
Toobit is a no-KYC crypto exchange with withdrawal limits based on your KYC level. A higher KYC level results in higher withdrawal limits.
There are three KYC levels on Toobit. Unverified, Basic Verification (KYC 1), and Advanced Verification (KYC 2).
You can see the exact withdrawal limits in the table below. The limits reset every 24 hours, and there is no cumulative limit. The Toobit withdrawal limit is calculated in Bitcoin (BTC).
| KYC Level | 24h Withdrawal Limits |
|---|---|
| Unverified (KYC 0) | 1 BTC |
| Basic Verification (KYC 1) | 5 BTC |
| Advanced Verification (KYC 2) | 50 BTC |
Is Toobit Safe To Use Without KYC?
We consider Toobit to be a relatively secure crypto exchange. The platform has never been hacked, offers generous daily withdrawal limits, and offers reliable service. Users can trade, deposit, and withdraw without having to undergo the KYC identification process.
However, we recommend you never keep your investments on a centralized exchange. Always withdraw your funds to your personal wallet when you are done with trading.
Toobit KYC Requirements
In order to verify your identity on Toobit, you must submit personal information, including government-issued documents. See all required details below:
Basic Verification (KYC 1)
The requirements for the first KYC level are as follows:
- Name
- ID number
Advanced Verification (KYC 2)
The requirements for the second KYC level are as follows:
- Government-issued ID
- Selfie with a note stating:
- Name, Toobit, Date of application
FAQ
Does Toobit require KYC?
No, Toobit doesn’t require KYC verification. You can trade without the identification process on Toobit.
Is Toobit legit?
Toobit is a relatively new crypto exchange with over 2 million users. While Toobit appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet.
Is Toobit available in the United States?
Yes, Toobit is allowed in the United States. US citizens can register, deposit, trade, and withdraw on Toobit due to its MSB license. They can also verify their identity.
