Softwr

Software · head to head

MetaMask vs Bybit

MetaMask logo

MetaMask

Software

The crypto wallet for DeFi, Web3 dApps and NFTs

From
Free
Rated
-
Bybit logo

Bybit

Software

Where crypto traders come to win

From
Free
Rated
-

The short version

  • Each has a real cost: MetaMask metaMask's source code is publicly viewable on GitHub but is covered by a proprietary ConsenSys license that prohibits redistribution, modification, merging, or reverse engineering; it is not open source; Bybit unavailable in US, Canada, and UK due to regulatory restrictions
  • They diverge on capability: MetaMask covers Wallet Management, Bybit covers Perpetual Contracts.

Where they differ

Only the attributes on which MetaMask and Bybit actually diverge.

Attributes where MetaMask and Bybit differ
AttributeMetaMaskBybit
Pricing modelfreeUnknown
PlatformsWeb, Ios, Android, Chrome, FirefoxWeb, iOS, Android, Desktop
Founded20162018

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 MetaMask

  • Wallet Management
  • Token Swaps
  • Bridge
  • dApp Browser
  • Portfolio View
  • Ethereum
  • EVM chains
  • Hardware wallets

Only in Bybit

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

Both cover

  • Web support
  • Ios support
  • Android support

What people use each for

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

MetaMask

  • Walletsnot Bybit
  • Web3not Bybit
  • Browser Extensionnot Bybit

Bybit

  • Exchangesnot MetaMask
  • Derivativesnot MetaMask
  • Futuresnot MetaMask

Where each one falls short

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

MetaMask

  • MetaMask's source code is publicly viewable on GitHub but is covered by a proprietary ConsenSys license that prohibits redistribution, modification, merging, or reverse engineering; it is not open source

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

Pricing, plan by plan

MetaMask

Free
  • FreeFree
    • Wallet
    • Swaps
    • Bridge

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

Which should you pick?

Choose MetaMask if

  • You need wallet management.
  • You want to start without paying.
  • You work on Web, Ios, Android, Chrome, Firefox.
  • You also want token swaps.

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.

Questions people ask

Is MetaMask or Bybit better?
Neither clearly leads. MetaMask starts at Free and Bybit at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, MetaMask or Bybit?
MetaMask starts at Free and Bybit at Free.
Does MetaMask or Bybit run on more platforms?
MetaMask runs on Web, Ios, Android, Chrome, Firefox. Bybit runs on Web, iOS, Android, Desktop.
Can I use MetaMask for free?
Both have a free tier, so you can try either at no cost before committing.
What is MetaMask best used for?
MetaMask is most often used for wallets, web3, browser extension. Of those, wallets and web3 are not what Bybit is typically brought in for.
What can MetaMask do that Bybit cannot?
MetaMask covers Wallet Management, Token Swaps, Bridge, dApp Browser. Bybit covers Perpetual Contracts, Futures Trading, Spot Trading, Copy Trading. Both handle Web support, 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
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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