Binance vs Bybit

Binance and Bybit are both centralized exchanges that cover spot trading, futures, options, staking and copy trading. The main difference sits in what each one leans toward: Binance offers a wider spot menu and higher leverage, while Bybit puts more weight on futures and a much larger set of tokenized stocks.

Binance vs Bybit

Category	BBinance8.9/10	BBybit9/10
Overview
CryptoWinRate score	8.9/10	9/10 (higher)
Founded	2017	2018
Headquarters	Cayman Islands	Dubai
Founder	Changpeng Zhao	Ben Zhou
CEO	Richard Teng	Ben Zhou
KYC	Required	Required
MiCA licence	No	No
EU platform	—	Via Bybit EU
Availability
Available in your country	—	—
Restricted countries	35 countries	42 countries
Deposits and withdrawals
Deposit methods	8 methods	18 methods
Withdrawal methods	5 methods	6 methods
24-hour withdrawal limitKYC 0	—	$20,000
24-hour withdrawal limitKYC 1	$2,000,000	$1,000,000
24-hour withdrawal limitKYC 2	$8,000,000	$2,000,000
Trading fees
Spot maker fee	0.1%	0.1%
Spot taker fee	0.1%	0.1%
Futures maker fee	0.02%	0.02%
Futures taker fee	0.05% (lower)	0.055%
Options feesmaker/taker	0.024% / 0.024%	0.02% / 0.03%
Coins and markets
Spot assetscrypto	507 (higher)	380
Futures contractscrypto	602	711 (higher)
Options assets	8	8
Stocks	172	548 (higher)
ETFs	35 (higher)	18
FX pairs	1	65 (higher)
Indices	—	20
Commodities	8	22 (higher)
Leverage and margin
Max leverage	150×	100×
Spot margin	10×	10×
Features
Spot	Yes	Yes
Futures	Yes	Yes
Options	Yes	Yes
Prediction Markets	Yes	No
P2P	Yes	Yes
Demo Trading	Yes	Yes
Copy Trading	Yes	Yes
Trading Bots	Yes	Yes
Loans	Yes	Yes
Lending	Yes	Yes
Staking	Yes	Yes
Debit card	Yes	Yes
Security
Proof of reserves	YesAttestation ↗	YesAttestation ↗
Cold storage	Yes	Yes
Two-factor authentication	Yes	Yes
Withdrawal address whitelist	Yes	Yes
Anti-phishing passphrase	Yes	Yes
Reported hacks	YesSource ↗	YesSource ↗
Sign-up bonus
Bonus	—	$30,000
	Visit Binance ↗Read review →	Visit Bybit ↗Read review →

Availability in your country is checked live against each exchange's restricted-country list.

Who should choose Binance

Binance suits traders who want the broadest choice of coins to buy and hold. Its spot selection of 507 is the larger of the two, and its top leverage of 150x gives active futures traders more room than Bybit. Its futures taker fee of 0.05% is slightly lower too. Binance also runs prediction markets, which Bybit does not. Identity verification is required, and it does not hold a MiCA licence.

Who should choose Bybit

Bybit fits traders focused on derivatives and on stock tokens. It carries more futures coins at 577 and more futures markets at 711, plus a far bigger range of tokenized stocks at 548. Its futures taker fee of 0.055% is a touch higher than Binance, and its leverage tops out at 100x. Identity verification is required. Customers in the EU sign up with Bybit EU, a separate platform that holds a MiCA licence.

Verdict

Pick Binance if you want the widest spot coin selection, higher leverage and prediction markets. Pick Bybit if your focus is futures depth or trading a large range of stock tokens, and note that EU customers use Bybit EU with its MiCA licence.