● HEAD-TO-HEAD · EXCHANGES WINNER: BYBIT (DERIVATIVES) · BINANCE (SPOT & SCALE)
Bybit vs Binance
An independent head-to-head comparison of fees, security, regulatory standing, and coin support.
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§ 01 HEAD-TO-HEAD
Side-by-Side
| Criteria | Bybit | Binance |
|---|---|---|
| Our Score | 7.4/10 | ✓ 7.9/10 |
| Trading Fees | 0.02% maker / 0.055% taker (futures) | ✓ 0.02% maker / 0.04% taker (futures) |
| Coins Supported | ✓ 600+ | 350+ |
| Trustpilot | ✓ 3.4/5 | 2.2/5 (18,400 reviews) |
| Derivatives | Industry-leading perpetuals & futures | Full suite — deep liquidity |
| Copy Trading | ✓ Yes — one of the best implementations | Yes — newer feature |
| Security Record | $1.5B hack Feb 2025 (funds restored) | ✓ $40M hack 2019 (reimbursed) |
| US/UK Availability | Not available | Not available (Binance.US only) |
| Customer Support | ✓ 24/7 live chat — highly rated | Ticket-based — common complaints |
§ 02 PROS & CONS
Pros & Cons
Bybit
- +Industry-leading perpetual and futures trading
- +Copy trading feature
- +Competitive fees
- +Strong 24/7 customer support
- +Good mobile app
- –Not available for US, UK, Singapore users
- –Less regulated than Kraken/Coinbase
- –$1.5B+ Bybit hack in February 2025 (customer funds restored)
- –Weaker spot offering vs Binance
Binance
- +Deepest liquidity of any exchange
- +Lowest fees in the industry (0.075% with BNB)
- +Largest coin selection (350+)
- +Comprehensive product suite (spot, futures, earn, card)
- +Strong mobile app
- –Regulatory issues in US, UK, Canada (restricted/banned)
- –2.2/5 Trustpilot score — user complaints about account freezes
- –Overwhelming UI for beginners
- –CZ founder pled guilty to US money laundering charges (2023)
- –Not available for US residents
§ 03 FAQ
Frequently Asked Questions
Is Bybit better than Binance for futures trading? +
Bybit is widely considered to have the best perpetual futures platform — the UI is clean, execution is fast, and the product was purpose-built for derivatives. Binance has deeper liquidity on major pairs but a more cluttered interface. For professional derivatives traders, Bybit is the preferred choice.
Is Bybit safe after the 2025 hack? +
Bybit suffered a $1.5B+ hack in February 2025 — the largest in crypto exchange history. Importantly, all customer funds were restored within days. Bybit has since upgraded its security infrastructure. However, the incident is a serious mark against Bybit's security record vs competitors like Kraken (zero hacks in 13 years).
Can I use Bybit in the US or UK? +
No. Bybit is not available to residents of the US, UK, or Singapore. US and UK traders should use Coinbase or Kraken for regulated alternatives. Bybit operates primarily across Europe, Asia, Latin America, and the Middle East.
Which has better copy trading — Bybit or Binance? +
Bybit's copy trading feature is more mature and widely used. It was one of the first major exchanges to implement it. Binance's copy trading is newer but benefits from its larger user base. For dedicated copy trading, Bybit is the stronger platform.
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