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Crypto · head to head

Binance vs Bybit

Binance logo

Binance

Crypto

The world's leading cryptocurrency exchange

From
Free
Rated
-
Full reviewWebsite
Bybit logo

Bybit

Crypto

Where crypto traders come to win

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Binance unavailable to EU users after failing MiCA fit-and-proper test on July 1, 2026; Bybit unavailable in US, Canada, and UK due to regulatory restrictions
  • They diverge on capability: Binance covers Margin Trading, Bybit covers Perpetual Contracts.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Binance and Bybit actually diverge.

Attributes where Binance and Bybit differ
AttributeBinanceBybit
Pricing modelfreemiumUnknown
PlatformsWeb, iOS, AndroidWeb, iOS, Android, Desktop
Founded20172018

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Crypto).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Binance

  • Margin Trading
  • Staking
  • Binance Chain
  • Trust Wallet
  • Binance Pay
  • Desktop support

Only in Bybit

  • Perpetual Contracts
  • Copy Trading
  • Bybit Wallet
  • Bybit Card

Both cover

  • Spot Trading
  • Futures Trading
  • Launchpad
  • Web support
  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Binance

  • Exchanges
  • Tradingnot Bybit
  • Definot Bybit

Bybit

  • Exchanges
  • Derivativesnot Binance
  • Futuresnot Binance

Both are used for exchanges, on those jobs the choice comes down to price and fit rather than capability.

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Binance

  • Unavailable to EU users after failing MiCA fit-and-proper test on July 1, 2026
  • Restricted access in roughly two dozen jurisdictions globally with ongoing regulatory pressures
  • Derivatives restrictions in Europe, UK, and Australia due to regulatory requirements
  • US residents face significant restrictions and must use limited Binance.US platform
  • Withdrawal times in allowed US states extend to 72 hours versus minutes elsewhere
  • Past violations including failure to file suspicious activity reports and processing transactions for sanctioned jurisdictions

Bybit

  • Unavailable in US, Canada, and UK due to regulatory restrictions
  • Limited fiat currency deposit and withdrawal options compared to other major exchanges
  • Smaller selection of altcoins compared to Binance

Pricing, plan by plan

Binance

Free
  • StandardFree
    • Spot trading
    • Staking
    • Savings
  • VIPFree
    • Reduced fees
    • Priority support
    • API limits increase

Bybit

Free
  • Spot Trading$0.1/percent maker/taker
    • 0.1% base fee
  • Futures Trading$0.02/percent maker
    • 0.02% maker / 0.055% taker

Which should you pick?

Choose Binance if

  • You need margin trading.
  • You want to start without paying.
  • You work on Web, iOS, Android.
  • You also want staking.
Binance review

Choose Bybit if

  • You need perpetual contracts.
  • You want to start without paying.
  • You work on Web, iOS, Android, Desktop.
  • You also want copy trading.
Bybit review

Questions people ask

Is Binance or Bybit better?
Neither clearly leads. Binance starts at Free and Bybit at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Binance or Bybit?
Binance starts at Free and Bybit at Free.
Does Binance or Bybit run on more platforms?
Binance runs on Web, iOS, Android. Bybit runs on Web, iOS, Android, Desktop.
Can I use Binance for free?
Both have a free tier, so you can try either at no cost before committing.
What is Binance best used for?
Binance is most often used for exchanges, trading, defi. Of those, trading and defi are not what Bybit is typically brought in for.
What can Binance do that Bybit cannot?
Binance covers Margin Trading, Staking, Binance Chain, Trust Wallet. Bybit covers Perpetual Contracts, Copy Trading, Bybit Wallet, Bybit Card. Both handle Spot Trading, Futures Trading, Launchpad, Web support.

Answered from the vendors’ own pages

Binance: Is Binance available in the EU as of 2026?

No, Binance withdrew its MiCA license application in Greece on June 24, 2026, days before the July 1 deadline, and can no longer legally offer services to EU users. New registrations are halted and existing customer services have been suspended.

Source
Bybit: What trading products does Bybit offer?

Bybit offers spot trading, perpetual contracts (up to 125x leverage), futures with daily/monthly/quarterly contracts, and options on BTC, ETH, and SOL settled in USDC.

Source
Binance: What are the restrictions on US residents using Binance?

US residents must use the limited Binance.US platform. Residents of New York, Hawaii, Idaho, and Vermont cannot use the platform at all. In allowed states, withdrawal times extend to 72 hours with significantly smaller cryptocurrency selection.

Source
Bybit: What are Bybit's trading fees?

Spot trading fees start at 0.1% for both maker and taker. Futures fees are typically 0.02% maker and 0.055% taker, with discounts available for VIP tiers based on trading volume.

Source
Bybit: Where can I withdraw fiat from Bybit?

Bybit has limited fiat withdrawal options and is not available in the US, Canada, or the UK due to crypto regulations. Fiat withdrawals depend on your country of residence and banking partners.

Source
Bybit: Does Bybit support mobile trading?

Yes, Bybit offers a mobile app for iOS and Android with access to all trading features including spot, derivatives, and advanced order types.

Source
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