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Software · head to head

Bybit vs Remitly

Bybit logo

Bybit

Software

Where crypto traders come to win

From
Free
Rated
-
Full reviewWebsite
Remitly logo

Remitly

Software

Send money faster to loved ones abroad

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Bybit has a free tier, so it costs nothing to try first.
  • Each has a real cost: Bybit unavailable in US, Canada, and UK due to regulatory restrictions; Remitly no fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor
  • They diverge on capability: Bybit covers Perpetual Contracts, Remitly covers International remittances.

Where they differ

Only the attributes on which Bybit and Remitly actually diverge.

Attributes where Bybit and Remitly differ
AttributeBybitRemitly
Starting priceFreeOn request
Pricing modelUnknowntransaction
Free tierYesNo
PlatformsWeb, iOS, Android, DesktopWeb, IOS, Android
Founded20182011

Identical on both: 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

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

Only in Remitly

  • International remittances
  • Multiple delivery methods
  • Send money to 200+ countries
  • Currency conversion
  • Bank accounts
  • IOS support

Both cover

  • Web support
  • Android support

What people use each for

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

Bybit

  • Exchangesnot Remitly
  • Derivativesnot Remitly
  • Futuresnot Remitly

Remitly

  • Sending cross border remittances from a phone or browsernot Bybit
  • Delivering funds to bank accounts, cash pickup and mobile wallets abroadnot 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

Remitly

  • No fee schedule, exchange rate margin or transfer limit is published; the cost is disclosed only after starting a transfer for a specific corridor
  • The Express and Economy delivery options have no published price difference

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

Remitly

On request
  • Express$undefined/month
    • Fast transfers
    • Multiple delivery methods
  • Economy$undefined/month
    • Lower cost option
    • 3-4 day delivery

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 Remitly if

  • You need international remittances.
  • You work on Web, IOS, Android.
  • You also want multiple delivery methods.
Remitly review

Questions people ask

Is Bybit or Remitly better?
Neither clearly leads. Bybit starts at Free and Remitly at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Bybit or Remitly?
Bybit has a free tier; the other does not. Paid plans start at Free for Bybit and On request for Remitly.
Does Bybit or Remitly run on more platforms?
Bybit runs on Web, iOS, Android, Desktop. Remitly runs on Web, IOS, Android.
Can I use Bybit for free?
Yes. Bybit has a free tier, so you can try it without paying. Remitly starts at On request.
What is Bybit best used for?
Bybit is most often used for exchanges, derivatives, futures. Of those, exchanges and derivatives are not what Remitly is typically brought in for.
What can Bybit do that Remitly cannot?
Bybit covers Perpetual Contracts, Futures Trading, Spot Trading, Copy Trading. Remitly covers International remittances, Multiple delivery methods, Send money to 200+ countries, Currency conversion. Both handle Web 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
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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