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- Exchanges: 1,863
- Market Cap: $2.13T 0.11%
- 24h Vol: $76,727,795,110 4.92%
- Dominance: BTC: 54.8% ETH: 14.2%
- Gas: 1 GWEI
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Want to instantly compare Binance vs Bybit & see which cryptocurrency exchange takes the top spot? Take advantage of this comprehensive Cryptocurrency Exchange Comparison Tool and see which brand wins!
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Binance vs Bybit - Comparison at a Glance
To represent the data of Binance vs Bybit comparison as accurately as possible, we have divided our thorough fact-based analysis results into 8 different categories. For an instant Binance vs Bybit main metric comparison at a glance, take a look at the general overview table below.
Binance vs Bybit cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.8, while Bybit gathered an overall score of 9.6. If we look at the ease of use, it’s clear that in this Binance vs Bybit comparison, Binance has better & smoother user experience than Bybit.
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|
BINANCE |
BYBIT | |
|---|---|---|
| Overall Score | 9.8 | 9.6 |
| Best For | Buying, trading, and holding a wide variety of cryptocurrencies | More Advanced Users |
| Operating Countries | Turkey, Russia, Argentina, Vietnam, Ukraine, + 40 more | Russia, South Korea, United Kingdom, Ukraine, Turkey, +150 more |
| Verdict | One of the leading crypto exchange platforms in the industry. | A popular crypto derivatives exchange with some super-low trading fees. |
| Visit site Read review | Visit site Read review |
Binance vs Bybit In-depth Feature Breakdown Comparison
Analyze all the most important metrics of your chosen cryptocurrency exchange brands & compare the fact-checked data side by side with his extensive Binance vs Bybit comparison chart. Simply browse the information below & get answers to all of your crypto exchange questions!
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|
BINANCE |
BYBIT | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Value For Money | | |
| Customer Support | | | | | | Very Poor Average Excellent | | | | | | Very Poor Average Excellent |
| Ease of Use | | |
| Latest Coupons | CLAIM $600 REWARD | UP TO $30,000 BONUS |
| Stats | ||
| Active Users | 128M | 10M |
| Acceptable Crypto Currencies | 1. BTC 2. ETH 3. LTC 4. XRP + 350 more | 1. BTC 2. ETH 3. XRP 4. ARB + more |
| Fiat Currency Trading | USD/EUR + more | USD/EUR + more |
| Features | ||
| Analytical Tools | ||
| Mobile App | ||
| Security | | | | | | Very Poor Average Excellent | | | | | | Very Poor Average Excellent |
| Social Trading | ||
| Copy Trading | ||
| Additional Features | A Comprehensive User Center that Displays All The Information You Need in One Place | One-Click Buy, Launchpad |
| Anonymity | ||
| Pricing | ||
| Maximum Trading Amount (Daily) | - | - |
| Withdrawal Fees | 3.50% (min. $10.00) | 0.0005 BTC |
| Trading Fees | 0.10% | 0.075% |
| Payment Methods | ||
| MasterCard | ||
| Wire Transfer | ||
| Card | ||
| Company’s info | ||
| Full Company Name | Binance | Bybit |
| Headquarters | Malta | United Arab Emirates |
| Year of Origin | 2017 | 2018 |
| Check Official Website | Visit site Read review | Visit site Read review |
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Binance vs Bybit Comparison Result Analysis
Value for money is one of the most important metrics that one should take into account while comparing cryptocurrency exchanges, as it shows whether the brand offers acceptable quality compared to the price. In this case, Binance has a higher value for money score than Bybit.
It’s also very useful to look at the number of active users. Clearly, if comparing Binance vs Bybit, the bigger active user base is gathered by Binance with around 128M users. Whereas Bybit has around 10M active users. If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Binance has a higher number of acceptable crypto than Bybit.
It’s also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Binance vs Bybit comparison, it’s clear that Binance has the lowest trading fee percentage of 0.10%, while the second place goes to Bybit with a fee of 0.075%.
Comparison Summary
So, what do you think about the layout of the exchange? Does Binance have the cryptocurrency that you want to buy?
Let me know if you enjoyed my Binance exchange review!
Read Full Binance Review
Best User Reviews of Compared Crypto Exchanges
M
Margot234
4.8/5.0 - Binance User
May 26, 2024
Low fees
I was very happy with the low trading fees and security they offer, but still feel that more info could be provided for beginner traders
R
RJ
4.8/5.0 - Binance User
May 30, 2024
Almost perfect!
Overall great platform! I would even say perfect aside from the hassle with depositing funds. I wish they made some changes and improved customer experience in that sense.
W
wilma93ozumvjfs
5.0/5.0 - Bybit User
July 30, 2024
3 month plus
Been with them for three month plus, and their service have been superbly but strict.
Read All Binance User Reviews
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BINANCE
KUCOIN
9.8
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8.6
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BINANCE
KRAKEN
9.8
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9.4
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How Is This Binance vs Bybit Comparison Created?
1. We Collect
The data represented in this Binance vs Bybit crypto exchange comparison is fact-based & collected from trusted, verified sources only. In this way we make sure that the reader’s decision is measured & based on real facts.
2. We Examine
To filter out the gathered data, our researchers examine & analyze it by using data science methods. Whether it’s user feedback, service features or pricing, everything passes through our strict review process in order to filter out false info & advertising claims.
3. We Score
In order for this Binance vs Bybit cryptocurrency exchange comparison to help you easily decide which brand is the best, each feature is represented with a score, a grading system or in any other commonly understandable format.
4. You Choose
When the gathered data is aggregated, analyzed & put into a comprehensive chart, it’s your time to browse it and choose the best cryptocurrency exchange according to your preferences. But always make sure to know your crypto goals first!
FAQ
Which features are the most important in this Binance vs Bybit cryptocurrency exchange comparison?
The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. But have in mind that if you're looking for specific features, these evaluation points might be less important to you than others.
Which features are the most important in this :versusTitle cryptocurrency exchange comparison?
The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. But have in mind that if you're looking for specific features, these evaluation points might be less important to you than others.
Which features are the most important in this :versusTitle cryptocurrency exchange comparison?
The most important features to analyze while choosing the best crypto exchange are trading fees and other paid features, level of security, supported cryptocurrencies, accepted payment methods, operating countries & the overall reputation of the brand. But have in mind that if you're looking for specific features, these evaluation points might be less important to you than others.
Which cryptocurrency exchange is best for beginners?
Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.
What is the difference between a crypto exchange and a brokerage?
In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.
Are all the top cryptocurrency exchanges based in the United States?
No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.
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