BloFin vs Bybit

BloFin and Bybit are both centralized crypto exchanges built around spot and futures trading. The main difference is reach and access: Bybit carries a much wider range of markets and asks everyone to verify their identity, while BloFin keeps identity checks optional and pushes higher leverage.

BloFin vs Bybit

Category	BBloFin8.8/10	BBybit9/10
Overview
CryptoWinRate score	8.8/10	9/10 (higher)
Founded	2019	2018
Headquarters	Cayman Islands	Dubai
Founder	Matt Hu	Ben Zhou
CEO	Matt Hu	Ben Zhou
KYC	No KYC	Required
MiCA licence	No	No
EU platform	—	Via Bybit EU
Availability
Available in your country	—	—
Restricted countries	73 countries	42 countries
Deposits and withdrawals
Deposit methods	13 methods	18 methods
Withdrawal methods	2 methods	6 methods
24-hour withdrawal limitKYC 0	$20,000	$20,000
24-hour withdrawal limitKYC 1	$1,000,000	$1,000,000
24-hour withdrawal limitKYC 2	$2,000,000	$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	—	0.02% / 0.03%
Coins and markets
Spot assetscrypto	243	380 (higher)
Futures contractscrypto	462	711 (higher)
Options assets	—	8
Stocks	35	548 (higher)
ETFs	19 (higher)	18
FX pairs	—	65
Indices	—	20
Commodities	9	22 (higher)
Leverage and margin
Max leverage	150×	100×
Spot margin	—	10×
Features
Spot	Yes	Yes
Futures	Yes	Yes
Options	No	Yes
P2P	No	Yes
Demo Trading	Yes	Yes
Copy Trading	Yes	Yes
Trading Bots	Yes	Yes
Loans	No	Yes
Lending	Yes	Yes
Staking	No	Yes
Debit card	No	Yes
Security
Proof of reserves	YesAttestation ↗	YesAttestation ↗
Cold storage	Yes	Yes
Two-factor authentication	Yes	Yes
Withdrawal address whitelist	No	Yes
Anti-phishing passphrase	No	Yes
Reported hacks	—	YesSource ↗
Sign-up bonus
Bonus	$5,000	$30,000
Fee cashback	10%	—
	Visit BloFin ↗Read review →	Visit Bybit ↗Read review →

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

Who should choose BloFin

BloFin fits a trader who wants to start fast and trade with heavier leverage. Its optional identity verification means you can begin without handing over full documents, and its max leverage of 150x runs above Bybit’s ceiling. Futures fees are competitive, with a taker fee of 0.05% that comes in below Bybit’s. If your focus is straightforward spot and futures with copy trading, demo trading and bots, BloFin covers that without extra layers.

Who should choose Bybit

Bybit suits someone who wants a broad menu and more account features. It lists more spot coins at 380 and more futures coins at 577, plus options on 8 coins and a large set of tokenized stocks. It also adds a debit card, loans, staking and peer-to-peer trading. Verification is required, so plan to complete identity checks. Customers in the EU sign up through Bybit EU, a separate platform that holds a MiCA licence.

Verdict

Pick BloFin if you want optional verification, higher leverage and lower futures taker fees for lean spot and futures trading. Pick Bybit if you want the widest choice of coins, options, tokenized stocks and extra features like staking, loans and a debit card, and don’t mind verifying your identity.