Our team loves and uses both exchanges and if we are forced to, we have to give a small edge to Binance that is simply a bit more versatile than Bybit. Binance Futures, another leading crypto derivatives exchange, offers 0.02 and 0.04 fees for makers and takers respectively. Ultimately, the choice between the two exchanges should be based on the individual trader's preferences and needs. Binance is a leading exchange in the industry offering a wide range of trading pairs and access to a large number of cryptocurrencies.īybit, however, is a more specialised exchange that focuses on derivatives trading, offering a range of options for margin and futures trading. Some of these include the universally recognised US Dollar (USD), along with others like the Russian Ruble (RUB), Mexican Peso (MXN), Brazilian Real (BRL), Argentine Peso (ARS), and the Turkish Lira (TRY).īoth Binance and Bybit are excellent cryptocurrency exchanges that offer a wide variety of features and tools for traders. On the flip side, Bybit, although not as extensive in fiat support as Binance, still offers a respectable variety with support for 10 fiat currencies. Which crypto exchange platform is cheaper Binance or Bybit Binance vs Bybit fees : r Bitcoin. For those opting for SEPA deposits, a nominal fee of 1 EUR is charged Both the platforms don’t charge any fee for depositing crypto or fiat currencies. However, Bybits range of 280 coins is still quite. Binance charges a maker fee of 0.01 and a taker fee of 0.05. Binance is the obvious winner in this section, with more than double the number of coins available. Again, this fee reduces with the increase in users’ trading volume. OKX is significantly ahead of Bybit when it comes to Web3, DeFi, and NFT innovation, and has an impressive number of products and features, better fiat support, lower fees, and offers a more user-friendly and aesthetically pleasing interface. But because of more trading pairs, your average fee will be less on Phemex. For derivatives trading, Bybit charges a base maker fee of 0.01 and a taker fee of 0.06. Depending on the type of trade (long or short), they offer a maker rebate of 0.025 and charge a taker fee of 0.075. However, it's worth noting that while convenience is an upside, depositing funds using a credit card incurs a 1.8% fee. Both exchanges follow a maker-fee and taker-fee pricing structure for all their futures contracts and have the same trading fee. On the other hand, for users who prioritise convenience and speed, Binance facilitates deposits via major credit card providers, VISA and Mastercard. Those inclined toward traditional banking systems can leverage Bank Transfers through channels such as SWIFT, Signet, SEPA, and FasterPayments.
In terms of deposit methods, Binance offers its users multiple options.
However, a noticeable exclusion from this impressive lineup is the US Dollar (USD).
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