Binance vs Bybit
By Itai Varochik | Updated 2026
Quick Verdict
Overall Winner: Binance (4.5/5)
We tested Binance and Bybit side-by-side. Binance comes out ahead overall, but Bybit may be better for specific use cases.
Score Breakdown
| Criteria | Binance | Bybit |
|---|---|---|
| Features | 9.5/10 | 8.5/10 |
| Ease of Use | 6.5/10 | 7.5/10 |
| Value for Money | 9.5/10 | 8.5/10 |
| Customer Support | 6/10 | 7/10 |
| Overall | 8.5/10 | 7.9/10 |
Feature Comparison
| Feature | Binance | Bybit |
|---|---|---|
| Spot Trading | Yes | Yes |
| Futures Trading | Yes | No |
| Staking | Yes | No |
| Launchpad | Yes | Yes |
| P2P Trading | Yes | No |
| NFT Marketplace | Yes | No |
| Options Trading | Yes | Yes |
| Copy Trading | Yes | Yes |
| Derivatives Trading | No | Yes |
| Web3 Wallet | No | Yes |
| Bybit Earn | No | Yes |
Pricing Comparison
Binance: 0.1% per trade
Bybit: 0.10% spot / 0.02% futures maker
Binance Pros & Cons
Pros
- Industry-leading low trading fees, especially with BNB discounts
- Largest selection of cryptocurrencies (350+ pairs) and trading pairs
- Comprehensive suite of advanced trading tools and order types
- Highest liquidity across numerous trading pairs, ensuring efficient execution
- Extensive crypto ecosystem including DeFi, NFTs, and launchpad access
- Robust security measures including Proof of Reserves and SAFU insurance fund
Cons
- Significant regulatory scrutiny and compliance challenges in various jurisdictions
- Complex and potentially overwhelming interface for new or casual users
- Severely limited availability and functionality for US residents via Binance.US
- Customer support response times can be slow, especially during peak periods
- Centralized nature contrasts with core decentralized crypto principles
Bybit Pros & Cons
Pros
- 100,000 TPS execution speed ensures minimal slippage and rapid order fulfillment.
- Lowest futures maker fees at 0.02%, providing cost-effective derivatives trading.
- Over 500 spot trading pairs, offering diverse investment and trading opportunities.
- Extensive derivatives market with 200+ futures pairs, including perpetual and inverse contracts.
- Advanced copy trading features, allowing users to replicate successful traders' strategies.
- Intuitive and customizable trading interface suitable for advanced users.
Cons
- Not available to users in the United States due to regulatory restrictions.
- Operates with less regulatory oversight compared to exchanges in highly regulated jurisdictions.
- Can be overwhelming for beginners due to its advanced features and derivatives focus.
- Limited fiat on/off-ramps in some regions compared to global competitors.
Key Specifications
| Spec | Binance | Bybit |
|---|---|---|
| Rating | 4.5/5 | 4.2/5 |
| Pricing | 0.1% per trade | 0.10% spot / 0.02% futures maker |
| Year Founded | 2017 | 2018 |
| Headquarters | Dubai, UAE | Dubai, UAE |
| Employees | 8,000+ | N/A |
| Best For Region | Global (not US) | N/A |
| Futures Trading | Up to 125x leverage | N/A |
| Proof of Reserves | Yes | N/A |
Our Verdict
Binance wins overall. Choose Binance if you value Active crypto traders seeking the absolute lowest fees. Choose Bybit if you prioritize Futures traders seeking high leverage and deep liquidity..
Frequently Asked Questions
Is Binance better than Bybit?
Based on our testing, Binance scores higher with a rating of 4.5/5 compared to Bybit's 4.2/5. However, the best choice depends on your specific needs.
What is the main difference between Binance and Bybit?
Binance is known for: The world's largest crypto exchange by volume with the lowest trading fees.. Bybit is known for: Derivatives-focused crypto exchange with 100K TPS execution speed..
Which is cheaper, Binance or Bybit?
Binance pricing: 0.1% per trade. Bybit pricing: 0.10% spot / 0.02% futures maker.
Can I use Binance and Bybit together?
While both tools serve similar purposes in the Crypto Exchanges category, some users do use complementary features from both platforms.
What are the pros of Binance?
Industry-leading low trading fees, especially with BNB discounts. Largest selection of cryptocurrencies (350+ pairs) and trading pairs. Comprehensive suite of advanced trading tools and order types
What are the pros of Bybit?
100,000 TPS execution speed ensures minimal slippage and rapid order fulfillment.. Lowest futures maker fees at 0.02%, providing cost-effective derivatives trading.. Over 500 spot trading pairs, offering diverse investment and trading opportunities.
Which crypto exchanges should I choose?
Choose Binance if you value Active crypto traders seeking the absolute lowest fees. Choose Bybit if you prioritize Futures traders seeking high leverage and deep liquidity..