Bitget vs Bybit | Who Is The Crypto Exchange King?

bitget vs bybit image
Jack Moreau
Feb 2024
7 min read
Fact checked

Are you a crypto trader looking for the best exchange to maximise your profits? With so many options available, it can be overwhelming to choose. That's why we have compared two popular exchanges, Bitget vs Bybit. Our in-depth analysis covers everything from the features, trading fees, KYC requirements, deposit methods and more! By the end, you'll have all the information to make an informed decision!

Bybit

+450 Cryptocurrencies

Spot, Perps, Margin, Bots

0.1% Spot Fees & 100X Leverage

Great Design & UX

Visit Bybit
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Bitget

+550 cryptos & 0.1% spot fee

Spot, Futures, Perps, Margin

+100 countries (N/A US & CA)

Fiat Deposits/Withdrawals

Visit Bitget
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Bitget vs Bybit Comparison

Bitget
Bybit
MEXC
Founded
2018
2018
2018
Registered
Seychelles
Singapore
Seychelles
Countries N/A
US, CA
US, CA, UK, CH, SG
OFAC
Users
20M
20M
6M
Cryptos
550
+450
1780
Spot Fees
0.1%
0.1%
0.2%
KYC Required
Yes
Yes
No
Best for
Perpetual Futures & 125X Leverage
Best For Traders
Altcoins & 200X Leverage
Rating
Signup
Bitget
Your Capital is at risk.
Bybit
Your Capital is at risk.
MEXC
Your Capital is at risk

If you're looking for a reliable and secure cryptocurrency trading platform, you may have come across both Bitget and Bybit.

Bitget was founded in 2018 and is registered in Seychelles with headquarters in Singapore. With over 1000 employees and support for over 100 countries, Bitget has become a popular choice for over 20 million cryptocurrency traders around the world.

Bitget Exchange
Bitget Exchange

Bitget is licensed by FinCEN, MSB in the US and Canada, and MAS in Singapore, ensuring that the platform is compliant with all relevant regulations.

The platform offers a range of trading products, including spot trading, margin trading, futures trading, and options trading.

Bitget app
Bitget app

Bybit was founded in 2018 and is based in Singapore and has 1000 employees and in over 200 countries.

Bybit has quickly become a major player in the cryptocurrency trading space by offering a range of trading products, including perpetual contracts, futures trading, and spot trading.

Bybit exchange
Bybit exchange

When it comes to the number of cryptocurrencies available, Bybit offers over 350 cryptocurrencies while Bitget offers over 450.

In terms of user base, Bitget has over 8 million users while Bybit has over 10 million users. Both platforms have a large and active community of traders with many positive reviews.

In terms of app downloads, Bitget has 1 million downloads with a 3.2-star rating based on 10,000 reviews, while Bybit has 5 million downloads with a 4.1-star rating based on 50,000 reviews.

Bybit app
Bybit app

Both platforms offer mobile apps for both iOS and Android, allowing traders to stay up-to-date with their trades on-the-go.

Bitget vs Bybit KYC Requirements

Bitget and Bybit are two cryptocurrency exchanges that require only require KYC verification for certain features. Here's what you need to know about each one.

Bitget requires KYC verification for all users who want to buy or deposit fiat currencies. However, you can still trade cryptocurrencies without KYC verification.

The signup process is easy and only requires an email and password. For those that want you complete the KYC verification for Bitget, it usually takes 5-10 minutes to complete and in worst cases up to 24 hours.

Bitget signup & KYC
Bitget signup & KYC

Creating an account on Bybit is also very easy, simply register with your phone number or email and you can deposit cryptocurrencies and start trading right away.

Bybit signup process
Bybit signup process

However, if you want to participate in earn, one click fiat buy or do fiat deposits, you will need to complete the KYC verification process. This usually takes around 10 minutes, but can take up to 48 hours in some cases due to the complexity of information verification.

Bybit KYC
Bybit KYC

Bitget vs Bybit: Products & Services

When it comes to cryptocurrency exchanges, Bitget and Bybit are two names that have been making waves in the trading world. Both offer a range of trading services such as spot, futures, margin, perps, and options.

Additionally, they have other features such as copy trading, trading bots, staking, lend & borrow, and more. But when it comes down to the nitty-gritty, which one offers the best value?

Let's start with Bitget which is a multifaceted cryptocurrency platform offering a wide array of services to meet the diverse needs of crypto traders.

Its primary trading services includes spot and futures trading, supplemented by advanced features like margin and copy trading, which allows users to replicate the strategies of successful traders.

Bitget spot trading
Bitget spot trading

Bitget's leverage is extensive, providing 3X for cross margin and up to 10X for isolated margin, ensuring flexibility for traders across different risk profiles.

Bitget Copy Trading
Bitget Copy Trading

In terms of futures trading, Bitget provides an impressive maximum leverage of 125x, which is geared towards experienced traders looking for high-risk, high-reward strategies.

Bitget futures trading
Bitget futures trading

Aside from its core trading offerings, Bitget provides an assortment of additional products that expand the platform's utility.

These include staking, earn products, trading bots, and peer-to-peer (P2P) trading. Significantly, Bitget also maintains a 'proof of reserves' policy, adding an extra layer of transparency and trust for its users.

Bitget earn products
Bitget earn products

In terms of user experience, Bitget is well-received for its intuitive and user-friendly interface, akin to popular platforms like Bybit, KuCoin, and OKX.

It successfully delivers a wide range of products and services without overwhelming users, allowing for easy navigation and efficient operation.

Bitget savings
Bitget savings

Bitget also boasts strong market liquidity, as evidenced by its substantial average daily spot trading volume which often exceeds $500 million.

This robust liquidity profile contributes to an efficient and reliable trading environment, reducing slippage and ensuring seamless transaction execution.

Bitget cryptocurrencies
Bitget cryptocurrencies

This exchange has an average daily spot trading volume over $390 million, and offers 125X leverage in both cross and isolated positions, with 3X for cross margin and 10X for isolated margin.

The user experience on Bitget is quite nice, offering quite a few products and services without overwhelming the user. The website is similar to Bybit, Kucoin, and OKX, making it easy to navigate for those who are already familiar with those platforms.

In the past five years, Bybit has experienced significant growth both in its user base and in its product offerings. This exchange caters primarily to retail users and professional traders, offering a wide variety of products.

Bybit Product Offering
Bybit Product Offering

Despite the diversity of these offerings, Bybit stands out for its user-friendly platform. It's designed for ease of navigation, allowing even beginners to quickly get up to speed.

The core service of Bybit is spot trading, where users can trade a substantial range of over 450 cryptocurrencies.

Bybit Spot Trading
Bybit Spot Trading

This selection includes most of the major large-cap coins and tokens, as well as a significant assortment of altcoins, providing a comprehensive trading experience.

Bybit Crypto Markets
Bybit Crypto Markets

For traders interested in using leverage to go long or short different assets, Bybit offers margin trading with options for up to 10X leverage.

Bybit Margin Trading
Bybit Margin Trading

Additionally, it provides leveraged tokens, where users can leverage up to 3X on 30 different cryptocurrencies without the risk of liquidation.

Bybit Leveraged Tokens
Bybit Leveraged Tokens

Bybit has also developed a variety of trading bots to automate different trading strategies, including futures grid, futures martingale, spot grid, and DCA.

Bybit Trading Bot
Bybit Trading Bot

These tools help users manage their trading strategies more efficiently. Furthermore, Bybit offers copy trading, allowing users to follow the trades of professional traders or replicate strategies with proven track records.

Bybit Copy Trading
Bybit Copy Trading

The platform also includes futures trading, with over 180 perpetual contracts and leverage options of up to 100X.

Bybit Perpetual Trading
Bybit Perpetual Trading

These products range from USDT perpetuals and inverse perpetual & futures to USDC perpetual & futures, as well as USDC Options.

Bybit Perpetual Products
Bybit Perpetual Products

Options traders on Bybit have access to European-style cash-settled options that are priced and settled in USDC. Bybit also offers both isolated margin and cross margin, giving users the flexibility to manage their trading margins as per their preferences.

Bybit Derivatives
Bybit Derivatives

Bybit is a strong player in the market in terms of trading volumes, ranking in the top 10 for spot trading with over $1 billion, and in the top 5 for derivatives trading with over $7 billion in 24-hour trading volumes.

Bybit Trading Volumes
Bybit Trading Volumes

The platform also supports demo trading, allowing beginners to test trading strategies without risk before they start trading with real money.

For those looking to earn interest on their digital assets, Bybit offers multiple products such as lending and borrowing, liquidity mining, dual asset, and more.

Bybit Earn
Bybit Earn

Users can earn interest on various digital assets, including BTC, ETH, USDT, USDC, and other coins.

Additionally, Bybit offers a unique Master Card, enabling users to spend their digital assets in the real world with the benefit of up to 10% cashback in rewards.

Bybit Mastercard
Bybit Mastercard

Recently, Bybit has also introduced the buying and selling of NFTs on blockchains like Ethereum, Solana, Polygon, Tezos, and BNB Chain.

Bybit NFTs
Bybit NFTs

Bybit’s launchpad is another popular feature among retail which offers early-stage projects an opportunity to launch their tokens to an audience with a higher risk appetite.

Bybit Launchpad
Bybit Launchpad

Users can commit MNT or USDT tokens to subscribe to these new projects and receive allocations based on their commitment.

Lastly, Bybit provides an OTC desk for high-net-worth individuals and institutions, facilitating the instant settlement of large trades up to $10 million.

Bybit OTC
Bybit OTC

This comprehensive suite of services positions Bybit as one of the most versatile platforms on the market today.

Bitget
Bybit
MEXC
Spot Trading
Yes
Yes
Yes
Futures
Yes
Yes
Yes
Perps
Yes
Yes
Yes
Margin
Yes
Yes
-
Options
-
Yes
-
OTC Desk
-
Yes
-
Copy Trading
Yes
Yes
Yes
Trading Bots
Yes
Yes
-
Staking
Yes
Yes
Yes
Lend & Borrow
Yes
Yes
Yes
NFTs
-
Yes
-
Web 3 Wallet
-
Yes
-
Debit Card
-
Yes
-
Signup
Bitget
Your Capital is at risk.
Bybit
Your Capital is at risk.
MEXC
Your Capital is at risk

Bitget vs Bybit Fees

When comparing the trading fees of Bitget and Bybit, it's important to note that both offer competitive rates in the market. However, there are some differences that may make one more advantageous than the other.

Starting with Bitget Fees, this exchange charges a spot maker and taker fee of 0.10%, which is consistent with some of its competitors. Additionally, the futures maker fee of 0.02% and futures taker fee of 0.06% which is also very competitive.  

Bitget spot fees
Bitget spot fees

On the other hand, Bybit's spot maker and taker fees are also at 0.10%. However, the futures maker fee of 0.01% and taker fee of 0.06% are slightly lower than Bitget's rates. Bybit also offers margin trading with a fee of 0.10%.

Bybit trading fees
Bybit trading fees

Overall, both Bitget and Bybit offer similar fees for spot and futures trading, as well as margin trading. However, Bybit has a slight advantage with lower futures maker fees.

That being said, traders should also consider other factors such as platform user-interface, security, liquidity, and customer support when determining which exchange is right for them.


Bitget
Bybit
MEXC
Spot (mkr)
0.1%
0.10%
0.2%
Spot (tkr)
0.1%
0.10%
0.2%
Futures (mkr)
0.02%
0.01%
0%
Futures (tkr)
0.02%
0.06%
0.02%
Signup
Bitget
Your Capital is at risk.
Bybit
Your Capital is at risk.
MEXC
Your Capital is at risk

Bitget vs Bybit: Deposit Methods

When it comes to buying and depositing crypto, Bitget and Bybit offer different options and advantages.

Bitget supports over 40 fiat currencies for buying crypto with a credit/debit card and charges a 1-3% commission fee. Besides this, Bitget does not provide support for any type of fiat deposits.

Bitget buy crypto with card
Bitget buy crypto with card

On the other hand, Bybit offers support for over ten fiat currencies such as USD, EUR, GBP, RUB, TRY and others. They also offer multiple deposit methods such as bank transfer, SEPA, FPS, QiWI, and Advcash.

Bybit fiat deposit
Bybit fiat deposit

Bybit also charges a fixed $8 deposit fee via wire transfer and cheaper options with traditional bank deposits. When it comes to fiat deposits, Bybit has a big advantage over Bitget which unfortunately does not offer support for any fiat currencies.

Bitget
Bybit
MEXC
USD
-
Bank transfer, Visa/MC
-
EUR
Yes
Bank transfer, SEPA
-
GBP
Yes
Faster Payments, VIsa/MC
-
Signup
Bitget
Your Capital is at risk.
Bybit
Your Capital is at risk.
MEXC
Your Capital is at risk

Bitget vs Bybit: Withdrawal Methods

Bitget and Bybit offer different withdrawal options for their users. While Bitget only allows cryptocurrency withdrawals, Bybit supports fiat withdrawals for multiple fiat currencies including USD, EUR, GBP, RUB, BRL, TRY and others.

Bybit fiat withdrawals
Bybit fiat withdrawals

For Bitget users, the withdrawal process is straightforward and the exchanges does not charge high crypto withdrawal fees. However, those who prefer the convenience of fiat withdrawals will have to look elsewhere.

Bybit on the other hand offers zero fee bank withdrawals for TRY and BRL, but users looking to withdraw USD via wire transfer will have to pay a steep $25 fee.

And for those that wish to withdraw from Bybit with lower withdrawal fees, they offer multiple free to low cost methods such as Advcash, ZEN and free bank transfers.

Nevertheless, the option to withdraw fiat currencies is a significant advantage for those who want to sell their assets and return money to their bank accounts.

Bitget
Bybit
MEXC
USD
-
Bank transfer, Visa/MC
-
EUR
Yes
Bank transfer, SEPA
-
GBP
Yes
Faster Payments, VIsa/MC
-
Signup
Bitget
Your Capital is at risk.
Bybit
Your Capital is at risk.
MEXC
Your Capital is at risk
Bitget
Bybit
MEXC
Bitcoin
0.0005 BTC
0.0002 BTC
0.0003 BTC
Ethereum
0.0006 ETH
0.0006 ETH
0.0001 ETH
Solana
0.0074 SOL
0.01 SOL
0.01 SOL
USDT (ERC-20)
3 USDT
3.7 USDT
$4 USDT
Signup
Bitget
Your Capital is at risk.
Bybit
Your Capital is at risk.
MEXC
Your Capital is at risk

Is Bitget better than Bybit?

Determining whether Bitget is superior to Bybit largely hinges on the individual needs and preferences of each trader.

Both exchanges offer a wide range of products and services can cater to different trading styles including spot, futures and perps with 100X leverage.

In addition to a wide range of products, they also each offer over 400 cryptocurrencies that users can buy, sell, trade and earn with.

Trading fees are another crucial factor to consider as they can significantly influence profitability, especially for those who trade in high volumes.

Once more Bitget and Bybit offer very similar and equally compelling trading fees with low spot and futures fees with the option for lower fees for high volume degen traders.

The user interface and overall user experience of course also plays a significant role and once more, both Bitget and Bybit have done a great job producing modern interfaces that are easy even for beginners to navigate.

So which exchanges comes out on top? While this is a very close contest, we give the slight edge to Bybit as they offer a few more products than Bitget and a more beginner friendly platform overall.

Bybit

+450 Cryptocurrencies

Spot, Perps, Margin, Bots

0.1% Spot Fees & 100X Leverage

Great Design & UX

Visit Bybit
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Bitget

+550 cryptos & 0.1% spot fee

Spot, Futures, Perps, Margin

+100 countries (N/A US & CA)

Fiat Deposits/Withdrawals

Visit Bitget
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.

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