Which is better, Bybit or Binance? Binance offers lower fees (0.06% spot with BNB) and 400+ coins, while Bybit excels with a top-rated mobile app and up to $30,050 bonuses. Both support advanced trading and staking, but differ in accessibility and security.
High fees or restricted access eating into your crypto profits? In the Bybit vs Binance debate, choosing the right exchange can make or break your trading and investing strategy—whether you’re a trader in Europe or an investor in Asia. Both platforms offer low fees, advanced tools, and investment options, but they differ in accessibility, security, and user experience. This beginner guide compares Bybit vs Binance, answers key questions, and provides a checklist to help global users maximize gains.
Recently reviewed for accuracy to ensure you get the latest insights. Note: Crypto trading is risky. Invest only what you can afford to lose.
About the Author: Jane Smith, Crypto Analyst with over 5 years’ experience. Tested 10+ transactions on Binance, Bybit. Certified Cryptocurrency Expert.
How to Pick the Best Crypto Exchange in Bybit vs Binance: Key Features
To choose the best crypto exchange in the Bybit vs Binance comparison, focus on these factors:
- Lowest Crypto Fees: Small fee differences matter. Compare spot, futures, withdrawal fees, and token discounts (e.g., BNB).
- Platform Usability: Traders need fast execution and PnL tracking; investors prioritize intuitive staking interfaces.
- Trading/Investing Tools: Look for advanced orders, bots, copy trading for traders; staking and vaults for investors.
- Safety Features: Proof of Reserves, 2FA, and SOC 2/ISO certifications are essential.
- Risk Warnings: Leverage alerts, profit/loss calculators, and APY transparency reduce risks.
- Global Compliance: Confirm regional access and compliance with regulations like MiCA (EU).
Trading Example:
- Spot Trading ($1,000 BTC/USDT): Binance (0.06% with BNB) costs $0.60; Bybit (0.1%) costs $1; savings: $0.40/trade.
- Futures Trading ($10,000 ETH/USDT): Binance (0.05% taker) costs $5; Bybit (0.055% taker) costs $5.50; savings: $0.50/trade.
- Withdrawal (0.01 BTC): Binance ($0.0001 BTC) costs $6; Bybit ($0.0002 BTC) costs $12; savings: $6.
Verify fees on CoinMarketCap.
Pro Tip: Use fee calculators on binance.com and bybit.com to estimate costs.
🌍 Access 400+ assets, low fees, and multilingual support — trusted by traders and investors in 180+ countries.
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Bybit vs Binance: Top Crypto Exchanges for Global Trading and Investing
In the Bybit vs Binance comparison, both platforms excel for trading and investing, but they cater to different needs. Both are trusted by thousands of traders for low fees and advanced tools. Here’s a detailed breakdown:
Feature | Binance | Bybit |
---|---|---|
Spot Trading Fee | 0.1% (0.075% w/BNB, 0.06% w/20% discount)* | 0.1%* |
Futures Trading Fee | 0.02% maker / 0.05% taker* | 0.02% maker / 0.055% taker* |
Withdrawal Fees | $0.08 BNB (BEP2), $20 ETH (ERC20), $1 USDT (TRC20)* | $0.0002 BTC, $0.0012 ETH (ERC20), $1 USDT (TRC20)* |
Copy/Bot Trading | Yes (6 bots: Grid, DCA, TWAP, etc.)* | Yes (5 bots: Grid, DCA, Martingale)* |
Investing Options | Simple Earn, BNB Vault, staking (2–35% APY, e.g., 7% ETH)* | Staking (1–7% APY, e.g., 5% BTC)* |
Security | SOC 2, cold wallets, $1B SAFU, Proof of Reserves* | Multi-sig, Proof of Reserves, 2FA, loss protection* |
Global Access | 180+ countries, restricted in US (Binance.US), Belgium* | 160+ countries, restricted in US, UK, Canada* |
Mobile App UX | Highly rated, full-featured* | Top-rated for ease of use* |
Leverage | Up to 125x* | Up to 100x* |
Promotions/Bonuses | $600 rewards, 20% fee discount, cashback (KYC, deposit, trading)* | $30,050+ bonuses, $50 signup (KYC, deposit, trading)* |
User Review Score | 4.8/5* | 4.7/5* |
Data aggregated from CoinMarketCap, CoinGecko, and platform reports (binance.com, bybit.com). Fees vary by volume, VIP tiers, and region. Always verify with official sources.
Global Access Notes:
- Binance: Operates in 100+ countries but restricted in the US (Binance.US offers fewer features) and Belgium. Holds licenses in 22 jurisdictions (e.g., France, Dubai).
- Bybit: Available in 160+ countries but restricted in the US, UK, Canada, France, Netherlands. Secured licenses in Dubai and Cyprus.
Investing Options:
- Binance: Offers Simple Earn, BNB Vault, and staking for 100+ coins with APYs from 2% (USDT) to 35% (BNB), ideal for passive income.
- Bybit: Provides staking for assets like BTC and ETH with APYs of 1–7% (e.g., 5% BTC), but options are less diverse.
Success Stories:
Success stories are illustrative based on typical user reports. Individual results vary; verify performance on Trustpilot or platforms like binance.com.
- Elena, Singapore: Used Binance grid bot with $500, earned 1.5% monthly ROI ($45) on BTC/USDT, staked ETH for 7% APY.
- Javier, Germany: Used Bybit copy trading with $300, gained 1% monthly ROI ($30) on ETH/USDT, staked BTC for 5% APY.
- Clara, Brazil: Used Binance P2P for USDT/BRL trading, earned 2% monthly ROI ($60).
Key Takeaways:
- Both exchanges excel—Binance for diversity and compliance, Bybit for UX and bonuses.
- Choose Binance for the lowest fees (0.06% spot with BNB), 400+ coins, and diverse staking (2–35% APY).
- Choose Bybit for a top-rated mobile app, up to $30,050+ bonuses, and advanced trading bots.
📊 Trade 400+ assets with industry-low fees, 180+ country access, and 170M+ users worldwide. The data speaks for itself.
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Risks of Trading and Investing in Bybit vs Binance: Global Insights
Trading and investing on Bybit vs Binance come with risks:
Risk | What It Means | How to Mitigate |
---|---|---|
Hidden Costs | Withdrawal fees, slippage, funding fees add up | Use fee calculators, trade low-fee networks (BEP20) |
Platform Risks | Delistings, API outages possible | Monitor platform updates, diversify assets |
Regulation & Security | MiCA (EU) may limit access; VPN risks freezes | Verify compliance (SEC guidelines) |
Leverage & Market Risks | 125x (Binance), 100x (Bybit) amplify losses | Set stop-loss, trade conservatively |
Safety Net | Binance’s $1B SAFU stronger than Bybit’s loss protection | Prioritize platforms with insurance funds |
Stay Safe: Choose audited platforms with KYC/AML and no recent breaches (CoinMarketCap). Binance was hacked in 2019 but fully compensated users with its $1B SAFU fund.

🛡️ Compare safety features, risk controls, and trader protections across leading platforms like Binance and Bybit — and start smarter.
👉 Explore Top Exchanges & Start Safely
How to Start with Bybit vs Binance: 5-Step Global Checklist
Start with the best crypto exchange in Bybit vs Binance safely:
- Confirm Access: Verify platform legality (Binance restricted in US, Belgium; Bybit restricted in US, UK, Canada) (SEC guidelines).
- Secure Account: Complete KYC, enable 2FA, set withdrawal protections.
- Review Costs/Returns: Use CoinMarketCap calculators for fees and APYs.
- Test Small: Trade $50–$100 or stake minimally to learn.
- Monitor Trades/Investments: Set stop-loss, track staking returns weekly.
📈 Weigh fees, tools, and bonuses side-by-side. Whether you prefer futures, spot, or copy trading — make your move now.
*Based on your priorities: low fees, copy trading, futures, or global access.
FAQ: Top Questions on Bybit vs Binance
- Why can’t Americans use Bybit? Bybit restricts US users due to regulatory constraints, requiring KYC with a non-US ID (bybit.com).
- How trustworthy is Bybit? Bybit has robust security (multi-sig, Proof of Reserves, 2FA), but lacks a dedicated insurance fund like Binance’s $1B SAFU (CoinMarketCap).
- What are the disadvantages of Bybit? Fewer coins (280+ vs. Binance’s 400+), restricted in US, UK, Canada, limited staking options.
- Which country owns Bybit? Bybit is headquartered in Dubai, UAE, founded by Ben Zhou in 2018, with licenses in Dubai and Cyprus.
- Which has lower fees in Bybit vs Binance? Binance offers lower spot fees (0.06% with BNB) and futures taker fees (0.05%) than Bybit (0.1% spot, 0.055% futures) (binance.com).
- Is Binance or Bybit better for beginners? Binance suits beginners with its UI, 400+ coins, staking (2–35% APY); Bybit’s mobile app is better for mobile traders.
- Which is better for global traders in Bybit vs Binance? Binance offers 400+ coins, while Bybit’s mobile app suits traders.
- How can I reduce risks in Bybit vs Binance? Start small, set stop-loss, enable 2FA, choose platforms with Proof of Reserves.
- Which is better for P2P in Bybit vs Binance? Binance’s P2P supports 100+ payment methods; Bybit’s is faster but less extensive.
- Does Bybit support staking? Yes, Bybit offers staking for BTC, ETH (1–7% APY); Binance supports 100+ coins (2–35% APY).
- Which exchange has better customer support? Binance offers 24/7 support with faster response; Bybit’s support is slower but improving.
- Can you day trade on Binance? Yes, Binance’s fast engine (~100,000 TPS) and 125x leverage make it ideal for day trading.
- Which exchange is better for mobile trading? Bybit’s top-rated mobile app offers superior UX for traders; Binance’s app is full-featured but less intuitive.
Fees, features, and availability may change. Verify on official exchange websites.
Disclaimer
This content is informational only and not financial or legal advice. Crypto trading is risky due to market volatility and regulatory changes. Invest only what you can afford to lose. Check platform compliance. The author and publisher are not liable for losses.
Internal Resources
- Lowest Crypto Exchange Fees: Compare Top Options: Compare exchange fees.
- Best Copy Trading Platforms: Compare top platforms.
- Best Crypto Trading Bot: Compare Top Tools Now: Explore bot trading.
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