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Cryptocurrency & Blockchain · head to head

Bybit vs Alchemy

Bybit logo

Bybit

Cryptocurrency & Blockchain

Where crypto traders come to win

From
Free
Rated
-
Full reviewWebsite
Alchemy logo

Alchemy

Cryptocurrency & Blockchain

The web3 development platform

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Bybit unavailable in US, Canada, and UK due to regulatory restrictions; Alchemy the free tier is capped at 30M compute units a month and 25 requests per second
  • They diverge on capability: Bybit covers Perpetual Contracts, Alchemy covers Node APIs.

Where they differ

Only the attributes on which Bybit and Alchemy actually diverge.

Attributes where Bybit and Alchemy differ
AttributeBybitAlchemy
Pricing modelUnknownfreemium
PlatformsWeb, iOS, Android, DesktopApi, Web
Founded20182017

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

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 Bybit

  • Perpetual Contracts
  • Futures Trading
  • Spot Trading
  • Copy Trading
  • Launchpad
  • Bybit Wallet
  • Bybit Card
  • Ios support

Only in Alchemy

  • Node APIs
  • Enhanced APIs
  • NFT API
  • Webhooks
  • Mempool
  • 35+ chains
  • SDKs
  • Api support

Both cover

  • Web support

What people use each for

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

Bybit

  • Exchangesnot Alchemy
  • Derivativesnot Alchemy
  • Futuresnot Alchemy

Alchemy

  • Hosted blockchain node access across mainnets and testnetsnot Bybit
  • Backing a production web3 application without running nodesnot Bybit
  • Webhook-driven notifications for on-chain eventsnot Bybit
  • Scaling read throughput beyond self-hosted node limitsnot Bybit

Where each one falls short

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

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

Alchemy

  • The free tier is capped at 30M compute units a month and 25 requests per second
  • Free accounts are limited to 5 apps and 5 webhooks
  • Beyond the free allowance it is $0.45 per 1M compute units for the first 300M a month
  • Request cost varies by call complexity, from around 10 compute units to over 100, so spend is hard to predict from request counts alone
  • Signed SLAs and priority support require an Enterprise contract

Pricing, plan by plan

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

Alchemy

Free
  • FreeFree
    • 300M compute units
    • 5 apps
    • Core APIs
  • Growth$49/month
    • 400M compute units
    • 15 apps
    • Enhanced APIs
  • Scale$199/month
    • 1B compute units
    • Unlimited apps
    • Premium support

Which should you pick?

Choose Bybit if

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

Choose Alchemy if

  • You need node apis.
  • You want to start without paying.
  • You work on Api, Web.
  • You also want enhanced apis.
Alchemy review

Questions people ask

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

Answered from the vendors’ own pages

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
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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