A Non-Comprehensive Review Of The Comprehensive Toobit Exchange Review

By B18 | B18CCS | 29 Aug 2023

@Publish0x-PRs recently posted a sponsored article pretending to be a comprehensive review of the 5 best crypto exchanges. It appeared to be sponsored by Toobit exchange, as the Toobit exchange review was written in the first person. The other 4 reviews were in the 3rd person.

But what got me was it was the only one of the 5 crypto exchanges reviewed that did not require KYC. Marketing 101, but it worked.

The Comprehensive Review Of 5 Best Crypto Exchanges Of 2023 Has Been Unveiled

And the lead image was a clue too.

Toobit

With no KYC, Toobit was worth a test run.

Downloaded the Toobit app.

First thing I noticed was they offered token deposits in

ERC20
BEP20
TRC20
ARBITRIUM and OP (both suspended)

That immediately solved a small problem for us. The @cryptofaucets had changed some of their site payouts to the BEP20 network. And we had been searching for about a year for an easy simple and cheap way to cash them out.

When we found out @cryptofaucets had changed the $ETH and $LINK sites to BEP20 network, we just stopped playing.

But our referrals keeping plugging away and the amount just kept abreast of the changing minimum withdrawal. Was 0.002 $ETH and now 0.005 $ETH but we have 0.006 $ETH. Bingo instant transfer to Toobit exchange. Swap for USDT. Quickly before anything changes.

$SPOT, $AMPL and the $OP Dilemma

The dilemma of what to do with the $SPOT and $AMPL tips has recently been solved with the introduction of $OP tips. We will start with $10 of $OP. But what to do with the $OP?

Toobit exchange accepts $OP deposits. Boom Boom!!!

Toobit Rewards

Earn $10 USDT. $5 USDT for creating an account and $5 for depositing minimum $10 USDT worth tokens.

Completed!!!

More FREE money.

https://tb.abc-t1.com/en-US/register?invite_code=PZKDu5

Invite friends to sign up for a Toobit account through a referral code/link/ QR code

The invitee makes a spot or futures trade and 40% of the commission will be credited to the inviter's account after the trade is completed

The commission rewards will be issued to the invitee's account the day after the trade is completed (T+1) . You can check the commission details through [Assets] - enter the spot/contract account and check for [Financial Record].

Assuming one will receive USDT as your reward. The money launders and criminals choice of stablecoin.

Chainlink

Only ERC-20

Thats a bummer.

Withdrawals

At first glance on the Toobit Home Page there was no visible withdrawal option, only deposits.

go to Assets (bottom right hand corner of Home Page)
click Spot Account

Before you can withdraw you need two verifications.

Note: We use a dummy email that did not require mobile verification. A number of emails were setup a few years ago using a bogus date of birth. They come in handy for getting free clean crypto.

To withdraw USDT you have 3 choices

ERC20, min 16.58628 USDT, fee 6.59436 USDT
TRC20, min 16.528 USDT, fee 1.528 USDT
BEP20, min 10.34864 USDT, fee 0.34868 USDT

As a general rule we have found exchanges charge approximately 10x the network fee.

Conclusion

Thunderbirds are Go!!!

Will kept you posted.

The End

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