Cryptocurrency & Blockchain · head to head
PancakeSwap vs Bybit
PancakeSwap
Cryptocurrency & Blockchain
The most popular DEX on BNB Chain
- From
- Free
- Rated
- -
The short version
- Each has a real cost: PancakeSwap no custody of user funds, users must manage wallet security; Bybit unavailable in US, Canada, and UK due to regulatory restrictions
- They diverge on capability: PancakeSwap covers Token Swaps, Bybit covers Perpetual Contracts.
Where they differ
Only the attributes on which PancakeSwap and Bybit actually diverge.
| Attribute | PancakeSwap | Bybit |
|---|---|---|
| Pricing model | free | Unknown |
| Platforms | Web | Web, iOS, Android, Desktop |
| Founded | 2020 | 2018 |
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 PancakeSwap
- Token Swaps
- Yield Farming
- Syrup Pools
- Lottery
- NFT Marketplace
- CAKE Token
- BNB Chain
Only in Bybit
- Perpetual Contracts
- Futures Trading
- Spot Trading
- Copy Trading
- Launchpad
- Bybit Wallet
- Bybit Card
- Ios support
Both cover
- Web support
What people use each for
The jobs each tool is most often brought in to do.
PancakeSwap
- Definot Bybit
- Dexnot Bybit
- Bnb Chainnot Bybit
Bybit
- Exchangesnot PancakeSwap
- Derivativesnot PancakeSwap
- Futuresnot PancakeSwap
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
PancakeSwap
- No custody of user funds, users must manage wallet security
- Decentralized governance means limited recourse for issues
- Subject to cryptocurrency market volatility and regulatory uncertainty
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
PancakeSwap
Free- FreeFree
- Token swaps
- Farming
- Lottery
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 PancakeSwap if
- You need token swaps.
- You want to start without paying.
- You also want yield farming.
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 PancakeSwap or Bybit better?
- Neither clearly leads. PancakeSwap 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, PancakeSwap or Bybit?
- PancakeSwap starts at Free and Bybit at Free.
- Does PancakeSwap or Bybit run on more platforms?
- PancakeSwap runs on Web. Bybit runs on Web, iOS, Android, Desktop.
- Can I use PancakeSwap for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is PancakeSwap best used for?
- PancakeSwap is most often used for defi, dex, bnb chain. Of those, defi and dex are not what Bybit is typically brought in for.
- What can PancakeSwap do that Bybit cannot?
- PancakeSwap covers Token Swaps, Yield Farming, Syrup Pools, Lottery. Bybit covers Perpetual Contracts, Futures Trading, Spot Trading, Copy Trading. Both handle Web support.
Answered from the vendors’ own pages
PancakeSwap: What blockchain does PancakeSwap use?
PancakeSwap was launched in September 2020 on the Binance Smart Chain (BSC). The platform also integrated trading services with BNB Chain, Base, and Arbitrum One to expand beyond its original network.
SourceBybit: 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.
SourcePancakeSwap: What wallets does PancakeSwap support?
PancakeSwap supports several wallet options including MetaMask, Trust Wallet, WalletConnect, and Binance Chain Wallet.
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