Toobit vs. Coinlocally: Which Platform Offers More for Traders?

It starts with a papercut. You are missing just one feature to breathe a sigh of relief. Then, just before clicking “buy,” a momentary flicker of lag. Now they are a thousand. Before you know it, trading strategy is no longer about the markets but instead is about coming up with elaborate workarounds to outwit the very platform paid to be used.

This slow-burn frustration had become my background noise-the static of my daily existence. For those who know me (looking at you, Carl), my entire have-a-flick-around world was inside Coinlocally. It is a perfectly fine exchange, and I’d mastered it. But my mastery was the list of “don’ts” and “can’ts.”

The best traders adapt, right? We learn to live with the tools we have. A missing feature becomes a challenge to overcome. A clunky interface becomes muscle memory…

But when another twenty frantic minutes had been spent cobbling together a workaround for something so basic that any modern platform should possess, and looked up just to find I’d missing the move in the market, it was as if some switch went off inside me.

I’m done with this toxic relationship, It wasn’t a rage-quit; it was a quiet, nagging question: Is this really as good as it gets?

And so began Day One of my quest for a new trading home.

Really, Toobit?

Today’s candidate is a fairly new but popular exchange called Toobit, and we weren’t hopeful.

Like really, the name is Toobit? It’s a little on the nose isn’t it, William Shakespeare?

We fully expected to spend the next few hours fumbling around, trying to find the “buy” button. Instead, the immediate reaction was suspicion.

It was all too easy, too clean. The layout made sense. It felt a little strange, honestly. My muscle memory, trained by years of cluttered interfaces and needless complexity, was suddenly useless.

Honestly, it made me ask: have just been conditioned to expect chaos, or is this platform as straightforward as it appears?

This demanded a closer look. So, we decided to break down the experience, piece by piece, to see how the effortless design of Toobit really compares to the familiar friction of Coinlocally.

Comparing Toobit and Coinlocally

• Trading pairs

Toobit offers over 400 USDT-margined Futures pairs and 300 spot trading options, while Coinlocally has 110 spot pairs and no easily found futures data. CoinMarketCap also has a lack of visible trading volume, making it difficult to execute strategies beyond the usual suspects.

• Leverage

Next, we compared leverage. Toobit provides up to 200x, while Coinlocally stops at 125x. On the surface, both numbers sound high, but the practical difference in capital efficiency is subtle and important.

The goal for a professional trader isn’t to simply “go long at 200x.” It’s about having the option to use less of your own capital to hold the same size position, freeing up the rest of your funds for other opportunities or simply keeping it safer on the sidelines.

That extra headroom Toobit provides? It’s a is a nuanced feature. It doesn’t scream at you, but for those who manage risk carefully, it’s a quiet and significant advantage.

• USDC-settled Futures

One of my biggest pet peeves is “winning” a trade only to find my profit was eroded because my collateral (like BTC) dumped. It’s a headache I’d rather avoid.

So, seeing that Toobit offers USDC-settled futures was a quiet relief. It means your P&L is in dollars, plain and simple.

You’re betting on the asset’s move, not on the stability of your margin. Coinlocally doesn’t offer this, so you’re always playing two games at once, which feels unnecessarily complicated.

• Built-in automation

The demands of continuous market monitoring and the potential for emotional decisions can be taxing for any trader, especially when precise entry and exit strategies are necessary.

Toobit streamlines this approach with powerful, integrated tools like DCA (Dollar-Cost Averaging) and Futures Grid trading bots. These automated solutions execute complex strategies for you, perfect for managing ranging markets or disciplined accumulation, ultimately freeing up your time and reducing emotional influence.

This provides a clear advantage over Coinlocally, which offers only basic Grid bots, but notably lacks support for DCA, limiting its usability in sideways or accumulation-focused markets.

• Break-even price display

Toobit’s feature provides break-even price on positions, including fees, saving time and allowing quicker decision-making. This is a significant improvement over Coinlocally, which relies on fuzzy math to determine profit. It eliminates the need for mental gymnastics and calculators.

• Copy trading

Toobit’s feature provides break-even price on positions, including fees, saving time and allowing quicker decision-making. This is a significant improvement over Coinlocally, which relies on fuzzy math to determine profit. It eliminates the need for mental gymnastics and calculators.

• Position control

Toobit offers advanced traders precise control over their positions, enabling complex hedging and multi-layered strategies. It supports split and merged position modes, allowing independent management of multiple positions on the same asset. Coinlocally lacks this control, limiting strategic precision.

• Welcome bonus

I’m usually skeptical of welcome bonuses, but free capital is free capital.

Toobit’s offer is pretty straightforward, giving you up to 15,000 USDT for doing basic things like signing up and making a trade. It’s a decent runway to test the platform with their money.

Coinlocally offers something similar, but it tops out at a lower number (around 6,840 USDT), so the runway is just shorter.

• Guaranteed TP/SL orders

There’s nothing worse than wasting time setting up a perfect stop-loss, only to have the price pop through it in a volatile spike, leaving you with a far bigger loss than you intended.

Toobit provides guaranteed TP/SL orders, which absolutely means that your exit happens at the stipulated price, end of discussion. An easy promise that offers so much peace of mind.

This feature is not available on Coinlocally, which makes it a pure gamble every time the volatility picks up.

• Mark price transparency

I’ve always been paranoid about how exchanges calculate the mark price used for liquidations.

Toobit addresses this directly by utilizing a robust 6-exchange index for calculating mark prices on its Futures products. This multi-source model ensures greater fairness and resilience against price manipulation, providing enhanced user protection during high volatility.

Coinlocally on the other hand, has not disclosed its pricing sources or mark price mechanism, leaving traders like us to speculate about the integrity of their liquidation parameters and the fairness of their system.

• Passive earning

Beyond active trading, many crypto holders seek ways to grow their assets passively and generate yield from their idle funds. I DCA quite a bit, so there’s always some extra funds lying around.

Toobit caters to this need by providing a full suite of Earn products, including both Fixed-Term and Flexible savings options. This allows users to generate passive income from their cryptocurrency holdings, appealing to long-term investors and yield seekers who want their assets to work for them.

Coinlocally? No Earn or stacking products at all. That’s a big miss for long-term holders and passive income seekers.

• Liquidity

Proper trading has deep liquidity, smooth execution, and minimal slippages. During live sessions, Toobit held tighter spreads and cleaner market order fills, even with mid-cap altcoins. For slippage-conscious and execution-oriented traders, this is a real distinction in profitability.

Coinlocally’s order books, on the other hand, felt much thinner and occasionally would lag, especially with elevated volatility.

It’s not just about statistics; it’s the feeling when you hit the button. Toobit felt snappy and professional. Coinlocally felt… okay, a little thin.

• Transparency

Toobit builds trust in exchanges through transparency, publicly disclosing reserves exceeding $100 million USD, signaling strong capital backing and accountability. Coinlocally, on the other hand, has not released any reserve disclosures, raising concerns about asset security.

Verdict: One platform clearly leads

They argue that Coinlocally is not a bad platform, but a limited one that they have outgrown. They suggest that Toobit is better for modern traders due to its wider asset selection, automation, and transparency.