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+ · Binance: 350+ |
| 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 (100+) |
| Available in India | Bybit: Yes · Binance: Yes |
| 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.
Is Bybit available in India? +
Yes. Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.
Is Binance available in India? +
Yes. Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.
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 2026-06-29.
Reviewed by Arjun Mehta
Crypto analyst; 8+ years covering exchanges, wallets and DeFi
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