Cryptocurrency & Blockchain · head to head
Bybit vs Phantom
Phantom
Cryptocurrency & Blockchain
The friendly crypto wallet for Solana and beyond
- From
- Free
- Rated
- -
The short version
- They diverge on capability: Bybit covers Perpetual Contracts, Phantom covers Wallet.
Where they differ
Only the attributes on which Bybit and Phantom actually diverge.
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
- Web support
Only in Phantom
- Wallet
- NFT Gallery
- Token Swaps
- Staking
- dApp Browser
- Solana
- Ethereum
- Polygon
Both cover
- Ios support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Bybit
- Exchangesnot Phantom
- Derivativesnot Phantom
- Futuresnot Phantom
Phantom
- Walletsnot Bybit
- Solananot Bybit
- Nftnot 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
Phantom
Nothing recorded yet. See the Phantom review.
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
Phantom
Free- FreeFree
- Multi-chain wallet
- NFT gallery
- Swaps
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.
Choose Phantom if
- You need wallet.
- You want to start without paying.
- You work on Chrome, Firefox, Ios, Android.
- You also want nft gallery.
Questions people ask
- Is Bybit or Phantom better?
- Neither clearly leads. Bybit starts at Free and Phantom at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Bybit or Phantom?
- Bybit starts at Free and Phantom at Free.
- Does Bybit or Phantom run on more platforms?
- Bybit runs on Web, iOS, Android, Desktop. Phantom runs on Chrome, Firefox, Ios, Android.
- 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 Phantom is typically brought in for.
- What can Bybit do that Phantom cannot?
- Bybit covers Perpetual Contracts, Futures Trading, Spot Trading, Copy Trading. Phantom covers Wallet, NFT Gallery, Token Swaps, Staking. Both handle Ios support, Android 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.
SourceBybit: 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.
SourceBybit: 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.
SourceBybit: 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