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Crypto · head to head

Bybit vs Phantom

Bybit logo

Bybit

Crypto

Where crypto traders come to win

From
Free
Rated
-
Full reviewWebsite
Phantom logo

Phantom

Crypto

The friendly crypto wallet for Solana and beyond

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Bybit unavailable in US, Canada, and UK due to regulatory restrictions; Phantom age requirement of 18 or older to apply for debit card
  • They diverge on capability: Bybit covers Perpetual Contracts, Phantom covers Wallet.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Bybit and Phantom actually diverge.

Attributes where Bybit and Phantom differ
AttributeBybitPhantom
Pricing modelUnknownfree
PlatformsWeb, iOS, Android, DesktopChrome, Firefox, Ios, Android
Founded20182021

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 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

  • Cryptocurrency trading including spot and perpetual futuresnot Bybit
  • Prediction markets for trading on cultural and global eventsnot Bybit
  • Quick money movement between accounts and payment card usagenot Bybit
  • Advanced terminal access for power tradersnot 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

  • Age requirement of 18 or older to apply for debit card
  • Visa debit card fees may apply but specific amounts not disclosed
  • Debit card limited to Apple Pay, Google Pay, or Visa acceptance
  • Platform operates as fintech, not a bank, with limited banking protections
  • No disclosed transaction limits or commission rates for trading features
  • Technical specifications and supported blockchains lack documentation

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.
Bybit review

Choose Phantom if

  • You need wallet.
  • You want to start without paying.
  • You work on Chrome, Firefox, Ios, Android.
  • You also want nft gallery.
Phantom review

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.

Source
Phantom: Does Phantom have access to my cryptocurrency funds?

No. Phantom operates on a self-custodial model where you control your funds. The company explicitly states they never have access to your assets.

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
Phantom: What security features does Phantom provide?

Phantom includes scam detection that flags malicious transactions instantly, Ledger hardware wallet integration, transaction transparency so you always know what you're signing, and an open-source blocklist to prevent phishing attacks.

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
Phantom: Does Phantom track my personal information?

No. Phantom prioritizes privacy and states they never track any personally identifiable information or asset balances.

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
Phantom: What security vulnerabilities qualify for Phantom's bug bounty program?

Phantom offers bug bounty rewards up to $50,000 for discovering vulnerabilities that could result in user fund loss.

Source
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