Binance vs Bybit
Side-by-side comparison of Binance and Bybit across fees, products, geographic coverage and editorial rating. Data verified quarterly. Where one exchange is the clear leader on a metric, we highlight which — but the right choice for any individual depends on your own jurisdiction, asset mix and use case.
| Metric | Binance | Bybit | Winner |
|---|---|---|---|
| Editorial rating | 4.7 / 5 | 4.6 / 5 | Binance |
| Headline taker fee | 0.10% | 0.10% | Tie |
| Headline maker fee | 0.10% | 0.10% | Tie |
| Daily spot + derivatives volume | $22.5B | $12.0B | Binance |
| User count (millions) | 240M | 60M | Binance |
| Spot trading | ✓ | ✓ | Tie |
| Futures / perpetuals | ✓ | ✓ | Tie |
| Options | ✓ | ✓ | Tie |
| Staking | ✓ | ✓ | Tie |
| Copy-trading | ✓ | ✓ | Tie |
| P2P fiat | ✓ | ✓ | Tie |
| Crypto card | ✓ | ✓ | Tie |
| Founded | 2017 | 2018 | Binance |
| HQ | Cayman Islands | British Virgin Islands | — |
Binance pros
- Largest spot + futures liquidity worldwide
- Lowest fee tier with BNB discount
- 250+ trading pairs
- Native staking, savings, and copy-trading
Cons
- Not available to US residents
- KYC required for fiat deposits
- Complex UI for first-time users
Bybit pros
- Strongest derivatives liquidity outside Binance
- Generous referral and trader-rewards programs
- Copy-trading with public leaderboards
- Fast KYC turnaround
Cons
- Not available in the US
- Spot product range narrower than Binance
- Some advanced features hidden behind verification tiers
How we compare exchanges
Editorial ratings reflect a multi-criteria assessment: fee competitiveness, liquidity depth, product breadth, regulatory standing, and security record. Ratings are reviewed quarterly and were last verified against each exchange's published fee schedule and product pages. Some links on this page are affiliate links — if you sign up through them we may earn a commission at no cost to you. This does not influence the ranking; our editorial verdicts are decided before any commercial relationship.
This page is general information, not investment or tax advice. Exchange features, fees, and jurisdictions change — always verify on the exchange's own site before depositing.