Bybit vs Toobit

Bybit and Toobit play the same game. The difference shows up in transfer costs and in where a position is calmer to hold.

SpreadRadar editorial · pryanik.io · · about authorship and sources

Compared by the numbers

These figures come from the venues themselves. Volume is missing on purpose: every exchange counts it its own way, and on a few the top of the book is tokenised equities. The bottom row counts the P2P currencies our scanner reaches, not everything the venue lists.

Bybit Toobit
USDT pairs392533
Futures contracts788375
Networks for USDT2010
Cheapest USDT withdrawal0.0700 POLYGON0.10 OPTIMISM
P2P currencies in our scanner89 currencies10 currencies

In short: the difference

Bybit is a venue built for leveraged trading. On the market since 2018, jurisdiction: Dubai, UAE, its own MNT token.

Toobit is a venue built for leveraged trading. On the market since 2022, jurisdiction: Seychelles, its own TBT token.

What Bybit gives you

Next to a derivatives terminal, Bybit answers with something else: A venue with a strong derivatives pedigree and an unusually comfortable interface. Spot, perpetual futures and options, P2P, Earn savings, copy trading with open trader statistics, trading bots and a card. Twenty networks for USDT withdrawals — more than anyone we cover — and several of them free.

Strong sides: 20 withdrawal networks, several of them free, an even book on the main pairs, transparent copy trading.

What Toobit gives you

The terminal is strong on contracts, but Toobit has its own ground: A young venue with a derivatives character: over seven hundred USDT perpetuals and five hundred-plus spot pairs. There is P2P, copy trading, Earn savings and its own TBT token. A distinctive trait is the spread of withdrawal prices across networks: the gap between cheapest and dearest is wider here than anywhere, and choosing well saves money.

Strong sides: 700+ perpetuals, P2P in dozens of currencies, a notably cheap network if you pick right.

What decides it

  • Age. Bybit has run since 2018, Toobit since 2022 — a gap of 4 years. It guarantees nothing on its own, but the older venue has been through more market cycles.
  • Jurisdiction. Bybit sits in Dubai, UAE, Toobit in Seychelles. It shapes both the checks you pass and what the venue has to disclose.
  • Native tokens. Bybit has MNT, Toobit has TBT: holders usually get fee discounts and access to launches.
  • Strengths side by side. Bybit: 20 withdrawal networks, several of them free, an even book on the main pairs, transparent copy trading; Toobit: 700+ perpetuals, P2P in dozens of currencies, a notably cheap network if you pick right.
  • Which job. Bybit is a natural second venue in a route: cheap transfers and predictable execution, while Toobit is for derivatives trading and for anyone who picks the network by price.
  • Worth remembering. Bybit: the spot listing is slimmer than the Asian venues with thousands of pairs. Toobit: coins bought on P2P become withdrawable the next day — plan around it.

Which one fits you

Bybit — a natural second venue in a route: cheap transfers and predictable execution.

Toobit — for derivatives trading and for anyone who picks the network by price.

What people ask most

Bybit: Is Bybit good for spot? Fine for major pairs: nearly four hundred USDT pairs with no random coins on an empty book. For the long tail of new listings keep a wide-listing venue alongside.

Bybit: Are there options here? Yes, a proper section. Options are uncommon among exchanges, and Bybit is one of the few venues with the full derivatives set.

Bybit: What is the unified trading account? A mode where spot, futures and options share collateral. A coin bought on spot backs your futures position, and free funds never sit idle in a separate wallet — the whole balance works.

Toobit: Which network is cheapest for USDT withdrawals from Toobit? Neither Ethereum nor TRON: the BNB-based and Aptos networks come cheapest, and the gap to Ethereum runs into the hundredfold. Exact figures per network are in the table at the top of this page.

Toobit: How do I withdraw? Same place: Assets → Spot Account → Withdrawal, then coin, destination address and amount, submitted for review. The fee depends on the network, and Toobit’s spread between networks is the widest of any venue we cover.

Toobit: How reliable is Toobit? It has operated since 2022 from the Seychelles — the youngest venue in our coverage. We would not advise parking long-term balances there, as with any exchange.

Both at once

Most people end up keeping both: one for daily trades, the other for what the first one lacks. Keeping both pays off on funding: the rate on the same pair diverges between venues, and that gap is exactly what a delta-neutral pair earns.

Live numbers

Everything in the table above is recomputed together with the rest of the site — pairs, contracts, P2P, networks and the withdrawal fee. Bybit and Toobit can be compared on facts rather than promises.

What the numbers say

The spot lists differ by 1.4× — 533 USDT pairs on Toobit, 392 on the other side. The futures list runs longer on Bybit: 788, against 375. USDT leaves Bybit over 20 networks and Toobit over 10: the wider the choice, the easier a cheap bridge is to find. The cheapest chain for USDT sits on Bybit: POLYGON at 0.0700, where Toobit charges 0.10 OPTIMISM. P2P coverage is wider on Bybit: 89 currencies against 10 on Toobit.

Snapshot from 30 September 2026; on the page the figures refresh on every visit.

Bybit ↗Toobit ↗

Other comparisons and walkthroughs

Binance or BybitThe biggest exchange in the world against the best derivatives terminal. A feature-by-feature look at what each one gives you.Bybit or OKXThe best derivatives terminal against the most complete ecosystem. A feature-by-feature look at where the line falls.Bybit or BitgetTwo venues that grew out of derivatives from opposite directions. A look at where the line falls.WEEX or ToobitTwo young derivatives-first venues. A look at what each one is useful for.Bybit or WEEXA mature derivatives venue against a younger, more flexible one. A look at what each one offers.Binance vs ToobitAn all-rounder against a terminal: Binance has the deeper book and wider service set, Toobit the smoother contract trading.Bybit vs GateYou go to Gate for new listings and to Bybit for leverage. Picking one is rarely necessary — people keep both.Bybit vs MEXCYou go to MEXC for new listings and to Bybit for leverage. Picking one is rarely necessary — people keep both.How to trade on BybitAn exchange built on derivatives and licensed in Dubai: one of the best futures terminals, a unified account, and a record twenty withdrawal networks.Trading on ToobitThe youngest venue in our review: over seven hundred perpetuals, each with an exact funding settlement time — rare on this market.