Bybit vs Binance
Pick Bybit if you are derivatives-focused traders outside the US, Canada and Singapore who want a large centralised exchange with perpetuals, options and copy trading. Pick Binance if you are traders outside the US, Canada, the Netherlands, the UK and the EU who want a large centralised exchange with low base spot and futures fees and a BNB fee discount.
Checked 2026-10-27 · both venues' fee pagesBybit is a Dubai-headquartered centralised crypto exchange founded in 2018 by Ben Zhou. It offers spot, perpetual futures, options, copy trading and an on-chain Alpha section. The base tier charges 0.10% spot maker and taker and 0.055% taker on perpetuals. It does not serve the US, Canada or Singapore, and suffered a roughly $1.4-1.5B theft in February 2025.
Binance is a centralised crypto exchange founded in 2017 by Changpeng Zhao, now run under Abu Dhabi (ADGM) entities regulated by the FSRA. It offers spot, margin, futures, options, earn products and P2P. Regular users pay 0.10% spot maker and taker (0.075% when paying fees in BNB) and 0.02%/0.05% on USDT-margined futures. It does not serve the US, Canada or the Netherlands; Binance.US is a separate company.
Side by side
| Bybit | Binance | |
|---|---|---|
| Type | Exchange | Exchange |
| Status | live | live |
| Chains | ||
| Platforms | web, ios, android | web, ios, android, desktop |
| Custody | Custodial | Custodial |
| KYC | required | required |
| Platform fee, round trip | 0.2% | 0.2% |
| $1,000 round trip | $2.00 | $2.00 |
| Sign-up perk | Task rewards for both sides: $50 on the referee's first trade of $50 or more, $100 when they trade $500, and $100 when they trade $10,000 (up to $250 total) | Referral Lite: trading fee rebate vouchers worth up to $1,100 (up to $100 after buying more than $50 of crypto and up to $1,000 after trading more than $100 via Spot or Convert, both within 14 days). Referral Pro: a fee rebate if the referrer chooses to share part of their commission. |
| Perps taker / maker | 0.055% / 0.02% | 0.05% / 0.02% |
| United States | Not available | Not available |
| United Kingdom | Partly available | Not available |
| European Union | Partly available | Not available |
| Launched | 2018 | 2017-07 |
| Reported incidents | 4 | 5 |
What your trade costs on each
Cost of a round trip (buy + sell). Platform fee only; network and pool fees are extra.
Features
| Feature | Bybit | Binance |
|---|---|---|
| spot trading | ✓ | ✓ |
| perpetual and futures | ✓ | — |
| options | ✓ | ✓ |
| copy trading | ✓ | ✓ |
| trading bots | ✓ | ✓ |
| Bybit Alpha on-chain trading | ✓ | — |
| P2P trading | ✓ | ✓ |
| earn products | ✓ | ✓ |
| Bybit Card | ✓ | — |
| TradFi CFDs and stocks | ✓ | — |
| proof of reserves | ✓ | ✓ |
| VIP program | ✓ | ✓ |
| demo trading | ✓ | — |
| margin trading | — | ✓ |
| USDT- and COIN-margined futures | — | ✓ |
| TradFi futures | — | ✓ |
| stock trading | — | ✓ |
| Convert | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Bybit: watch out for
- Not available in the US, Canada or Singapore, and the UK service is spot and P2P only without FCA authorisation.
- Lost about $1.4B in ETH to a North Korea-attributed hack in February 2025.
- Custodial exchange with mandatory identity verification.
Binance: watch out for
- Not available in the US, Canada or the Netherlands, closed to new UK users since 2023, and restricted for EU users since July 2026.
- Pleaded guilty in 2023 to US anti-money laundering and sanctions violations and agreed to pay about $4.3B.
- Custodial exchange with mandatory identity verification before any service.
FAQ
Is Bybit better than Binance?
Pick Bybit if you are derivatives-focused traders outside the US, Canada and Singapore who want a large centralised exchange with perpetuals, options and copy trading. Pick Binance if you are traders outside the US, Canada, the Netherlands, the UK and the EU who want a large centralised exchange with low base spot and futures fees and a BNB fee discount.
Which is cheaper, Bybit or Binance?
We could not compare published fees for both.
Can I use Bybit or Binance in the US?
Bybit: not available. Binance: not available. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Bybit - Trading fee structure (spot, derivatives, options, special zones, VIP criteria) — checked 2026-10-27
- Bybit - Alpha FAQ (fixed 0.5% fee, gas) — checked 2026-10-20
- Bybit - Referral program page and terms — checked 2026-10-20
- Bybit - Service restricted countries — checked 2026-10-27
- Bybit Virtual Asset Platform Operator terms (updated 2026-10-16) — checked 2026-10-17
- Wikipedia - Bybit (founding, HQ, hack, licences, regulatory actions) — checked 2026-10-17
- Binance - Spot and USDS-M futures fee schedule, VIP levels and BNB discount — checked 2026-10-27
- Binance - Crypto deposit and withdrawal fees and minimums — checked 2026-10-27
- Binance Terms of Use (ADGM entities, effective 2026-07-21): eligibility, identity verification, withdrawals — checked 2026-10-27
- Binance - List of Prohibited Countries (updated 2026-01-05) — checked 2026-10-27
- Binance - FAQ on Referral Pro mode (commission tiers, binding rules) — checked 2026-10-27
- Binance - FAQ on Referral Lite mode (trading fee rebate vouchers) — checked 2026-10-27