Binance vs Bybit
Binance is the better choice for traders outside the United States who want a low flat spot rate and are comfortable checking their own country's funding rules; Bybit is better for traders funding in crypto rather than cash, since the fiat pairs cost twice as much to take. Binance lists 85 assets against Bybit's 89, and Binance is available in more locations.
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Side-by-Side
| Binance | Bybit | |
|---|---|---|
| Type | centralized exchange | centralized exchange |
| Founded | 2017 | 2018 |
| Headquarters | Cayman Islands | British Virgin Islands |
| Licenses recorded | 1 | 0 |
| Fiat currencies | — | USD, EUR, GBP, CHF, BRL, MXN, ARS, COP, PEN, CLP, BOB, CRC, UYU, PLN, RON, HUF, CZK, VND, AED |
| Payment methods | bank transfer, card, Apple Pay, Google Pay | bank transfer, credit card, debit card, Apple Pay, p2p |
| Maker / taker fee | 0.1% / 0.1% | 0.1% / 0.1% |
| KYC required | Yes | Yes |
| Proof of reserves | Yes | Yes |
| Assets listed | 85 | 89 |
| Locations available | 16 | 8 |
| Trust score | — | — |
Fee Comparison
| Binance | Bybit | |
|---|---|---|
| $100 | — | — |
| $1,000 | — | — |
| $10,000 | — | — |
Estimates include trading fee, published spread, and deposit fee. See our methodology.
Where Each Is Available
7 shared jurisdictions; 9 only on Binance; 1 only on Bybit.
Our Verdict
What you fund with decides this one. As of September 2026, Binance charges a regular user 0.100% maker and 0.100% taker on spot pairs, near 0.075% when fees are paid in BNB (source: Binance spot fee schedule). Bybit matches that at 0.1000% on both sides for crypto-to-crypto pairs at VIP 0, but charges 0.1500% maker and 0.2000% taker on fiat-to-crypto pairs (source: Bybit trading fee structure page). Buying with cash on Bybit therefore costs twice as much to take as routing through a stablecoin pair. Binance suits traders outside the United States buying with fiat, and Bybit suits people already funding in crypto.
Frequently Asked Questions
- Which has more coins?
- Bybit, with 89 of the assets we track against 85.
- Can I use both?
- Yes, in the 7 jurisdictions where both are available. Binance and Bybit can be used side by side; many buyers keep accounts on more than one exchange.