Bybit vs Binance
Rating at a glance
Fee comparison
| Maker fee | Bybit: 0.10% spot (0.01%–0.06% derivatives) · Binance: 0.10% (spot, lower with BNB/VIP) |
|---|---|
| Taker fee | Bybit: 0.10% spot · Binance: 0.10% |
| Withdrawal | Bybit: Varies by asset · Binance: Varies by asset/network |
Feature comparison
| Rating | Bybit: 4/5 · Binance: 4.4/5 |
|---|---|
| Type | Bybit: CEX · Binance: CEX |
| Supported assets | Bybit: 300+ assets · Binance: 350+ assets |
| Best for | Bybit: Derivatives traders comfortable with an offshore exchange · Binance: Active traders who want the deepest liquidity and lowest fees |
KYC, regulation & country availability
| KYC required | Bybit: Yes · Binance: Yes |
|---|---|
| Regulated | Bybit: Limited · Binance: Yes |
| Country availability | Bybit: Global (many) · Binance: Global (excludes EU since 1 July 2026) |
| Availability summary | Bybit: Available globally, with some regional restrictions · Binance: Available globally, with some regional restrictions |
| Notable incidents | Bybit: February 2025: ~$1.5B Ethereum hot-wallet hack (largest crypto theft to date); Bybit covered customer funds and remained solvent. · Binance: 2019 hot-wallet hack (~7,000 BTC, reimbursed via SAFU); 2023 US DOJ/CFTC settlement ($4.3B). |
Which should you choose?
- Choose Bybit if derivatives traders comfortable with an offshore exchange. Avoid if you require a fully regulated, onshore platform.
- Choose Binance if active traders who want the deepest liquidity and lowest fees. Avoid if you want a simple, fully us-regulated beginner exchange.
Bybit vs Binance FAQ
What is the difference between Bybit and Binance? +
Bybit is best for derivatives traders comfortable with an offshore exchange; Binance is best for active traders who want the deepest liquidity and lowest fees.
Which has lower fees, Bybit or Binance? +
Bybit: taker 0.10% spot. Binance: taker 0.10%. Confirm current fees on each site.
Is Bybit or Binance safer? +
Bybit: lightly regulated/non-custodial; February 2025: ~$1.5B Ethereum hot-wallet hack (largest crypto theft to date); Bybit covered customer funds and remained solvent.. Binance: regulated; 2019 hot-wallet hack (~7,000 BTC, reimbursed via SAFU); 2023 US DOJ/CFTC settlement ($4.3B)..
Does Bybit require KYC? +
Yes.
Does Binance require KYC? +
Yes.
Where is Bybit available? +
Available globally, with some regional restrictions. Availability, regulation and tax treatment vary by country. Check your local laws before trading, and confirm current details on the official site.
Where is Binance available? +
Available globally, with some regional restrictions. Availability, regulation and tax treatment vary by country. Check your local laws before trading, and confirm current details on the official site.
Can you use both Bybit and Binance? +
Yes. Many users keep accounts on more than one platform and use each where it is strongest.
When was this comparison last verified? +
Last verified on 2026-07-04.
Reviewed by Arjun Mehta
Editorial lead overseeing FlixoCrypt's research, sourcing and verification process
Last verified: