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Bybit vs dYdX

Bybit logo

Bybit

Software

Where crypto traders come to win

From
Free
Rated
-
Full reviewWebsite
dYdX logo

dYdX

Software

Decentralized perpetual trading

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Bybit unavailable in US, Canada, and UK due to regulatory restrictions; dYdX newer platform with smaller liquidity pools compared to centralized exchanges
  • They diverge on capability: Bybit covers Futures Trading, dYdX covers Cross Margin.

Where they differ

Only the attributes on which Bybit and dYdX actually diverge.

Attributes where Bybit and dYdX differ
AttributeBybitdYdX
Pricing modelUnknownfree
PlatformsWeb, iOS, Android, DesktopWeb
Founded20182017

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

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

  • Futures Trading
  • Spot Trading
  • Copy Trading
  • Launchpad
  • Bybit Wallet
  • Bybit Card
  • Ios support
  • Android support

Only in dYdX

  • Cross Margin
  • Portfolio Margin
  • Governance
  • DYDX Token
  • Cosmos SDK

Both cover

  • Perpetual Contracts
  • Web support

What people use each for

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

Bybit

  • Exchangesnot dYdX
  • Derivatives
  • Futuresnot dYdX

dYdX

  • Definot Bybit
  • Dexnot Bybit
  • Derivatives

Both are used for derivatives, 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.

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

dYdX

  • Newer platform with smaller liquidity pools compared to centralized exchanges
  • Requires cryptocurrency wallet for trading, adding friction for new users
  • Limited fiat on/off ramps compared to centralized alternatives like Coinbase

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

dYdX

Free
  • FreeFree
    • Perpetual trading
    • Governance
    • Staking

Which should you pick?

Choose Bybit if

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

Choose dYdX if

  • You need cross margin.
  • You want to start without paying.
  • You also want portfolio margin.
dYdX review

Questions people ask

Is Bybit or dYdX better?
Neither clearly leads. Bybit starts at Free and dYdX at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Bybit or dYdX?
Bybit starts at Free and dYdX at Free.
Does Bybit or dYdX run on more platforms?
Bybit runs on Web, iOS, Android, Desktop. dYdX runs on 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 futures are not what dYdX is typically brought in for.
What can Bybit do that dYdX cannot?
Bybit covers Futures Trading, Spot Trading, Copy Trading, Launchpad. dYdX covers Cross Margin, Portfolio Margin, Governance, DYDX Token. Both handle Perpetual Contracts, 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
dYdX: What type of trading does dYdX specialize in?

dYdX is a decentralized platform for perpetuals and margin trading, allowing professional traders to trade crypto derivatives without expiry dates. Built on ZK-rollup technology, it enables trading 143+ cryptocurrencies with leverage up to 50x on selected contracts.

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
dYdX: How does dYdX maintain decentralization?

dYdX governance is fully community-driven, meaning token holders decide on protocol upgrades, fee structures, and risk parameters. The platform distributes 100% of its trading fees to stakers.

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
dYdX: What are dYdX's gas fee advantages?

Built on StarkWare's ZK-rollup technology, dYdX enables trading with near-zero gas fees while users maintain full custody of their assets.

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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