Software · head to head
Phantom vs Bybit
The short version
- They diverge on capability: Phantom covers Wallet, Bybit covers Perpetual Contracts.
Where they differ
Only the attributes on which Phantom and Bybit actually diverge.
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 Phantom
- Wallet
- NFT Gallery
- Token Swaps
- Staking
- dApp Browser
- Solana
- Ethereum
- Polygon
Only in Bybit
- Perpetual Contracts
- Futures Trading
- Spot Trading
- Copy Trading
- Launchpad
- Bybit Wallet
- Bybit Card
- Web support
Both cover
- Ios support
- Android support
What people use each for
The jobs each tool is most often brought in to do.
Phantom
- Walletsnot Bybit
- Solananot Bybit
- Nftnot Bybit
Bybit
- Exchangesnot Phantom
- Derivativesnot Phantom
- Futuresnot Phantom
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Phantom
Nothing recorded yet. See the Phantom review.
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
Phantom
Free- FreeFree
- Multi-chain wallet
- NFT gallery
- Swaps
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 Phantom if
- You need wallet.
- You want to start without paying.
- You work on Chrome, Firefox, Ios, Android.
- You also want nft gallery.
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 Phantom or Bybit better?
- Neither clearly leads. Phantom 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, Phantom or Bybit?
- Phantom starts at Free and Bybit at Free.
- Does Phantom or Bybit run on more platforms?
- Phantom runs on Chrome, Firefox, Ios, Android. Bybit runs on Web, iOS, Android, Desktop.
- Can I use Phantom for free?
- Both have a free tier, so you can try either at no cost before committing.
- What is Phantom best used for?
- Phantom is most often used for wallets, solana, nft. Of those, wallets and solana are not what Bybit is typically brought in for.
- What can Phantom do that Bybit cannot?
- Phantom covers Wallet, NFT Gallery, Token Swaps, Staking. Bybit covers Perpetual Contracts, Futures Trading, Spot Trading, Copy Trading. 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