Binance vs Bybit starts with how you trade: spot or futures, resting limit orders or orders that fill immediately. Fee schedules and product lists change, so every comparison needs a reference date.
Traders also want to know whether Binance is trustworthy after its 2023 US settlement and how Bybit handled the 2025 hack.
In this article, Backcom.io compares fees, products, security, deposits, withdrawals and regulation using figures checked on 14 October 2026, then considers which platform suits different trading styles.
Binance Vs Bybit: An Eight-Point Comparison
Binance vs Bybit means comparing the exchanges under the same conditions, especially for fees, available markets and licence coverage. The more useful differences concern futures taker costs, product choice and each exchange’s response to major incidents.
Binance.com has operated under Abu Dhabi’s FSRA framework since January 2026. Bybit EU GmbH received a MiCA licence in Austria in May 2025, while Bybit holds an SCA licence in the UAE.
| Criterion | Binance | Bybit |
|---|---|---|
| Licences checked | Abu Dhabi FSRA, since 01/2026 | Austria MiCA, 05/2025; UAE SCA |
| Standard spot maker / taker fee | 0.10% / 0.10% | 0.10% / 0.10% |
| USDT futures maker / taker fee | 0.02% / 0.05% | 0.02% / 0.055% |
| Active spot pairs | 1,380 | 527 |
| Major incident | US settlement and guilty plea, 11/2023 | Attack involving about USD 1.5 billion, 02/2025 |
| Proof of Reserves: BTC ratio | 100.25%, snapshot 01/08/2026 | 104%, snapshot 23/09/2026 |
| Local-currency P2P | Available, with methods depending on market | Available, with methods depending on market |
| Licence coverage | Varies by country. Check the relevant regulator’s register. | Varies by country. Check the relevant regulator’s register. |
Figures were checked on 14 October 2026, apart from the dated Proof of Reserves snapshots. The table compares individual criteria. It does not rank the exchanges.
If maker, taker or perpetual contracts are unfamiliar, learn those terms before comparing the fee rows.
Binance Vs Bybit Fees: Spot, Futures And BNB Or MNT Discounts
Binance vs Bybit fees only make sense when spot, futures and token-payment discounts are separated. A maker order rests on the order book and adds liquidity. A taker order fills against liquidity already there.
| Standard fee type (VIP 0) | Binance | Bybit |
|---|---|---|
| Spot maker / taker | 0.10% / 0.10% | 0.10% / 0.10% |
| Spot when paying fees with exchange token | 0.075% with BNB, a 25% reduction | Up to 25% reduction with MNT |
| USDT perpetual futures maker / taker | 0.02% / 0.05% | 0.02% / 0.055% |
| Futures when paying fees with exchange token | 10% reduction, bringing taker to 0.045% | Up to 10% reduction on certain contracts |
These VIP 0 schedules were compared on 14 October 2026. Your account shows the applicable rate. The Bybit figures matched a June 2026 comparison source, but its fee page could not be opened directly during the check.
The order type determines the practical difference:
- Spot: Both standard rates are 0.10%. Paying with BNB cuts the stated rate to 0.075%. An MNT reduction depends on the programme’s conditions.
- Futures maker: Both rates are 0.02%. A limit order counts as maker only if it actually rests on the book.
- Futures taker: The gap between 0.05% and 0.055% is 0.005 percentage points each time a market order fills.
For each opening or closing trade, the estimate is:
Trading fee = Position value × Fee rate (maker or taker)
| Hypothetical case, 100,000 USDT position | Binance | Bybit | Difference |
|---|---|---|---|
| Open as maker | 20 USDT | 20 USDT | 0 USDT |
| Open and close as taker | 100 USDT | 110 USDT | 10 USDT |
| Ten taker round trips | 1,000 USDT | 1,100 USDT | 100 USDT |
These are VIP 0 examples using rates checked on 14 October 2026. They exclude funding, slippage and token-payment discounts. For the fee calculation, see Binance Futures fee structure and calculations.
Bybit announced MNT Pass on 23 September 2025: paying with MNT can reduce spot fees by up to 25% and certain futures fees by up to 10%. It does not apply to API trades.
Perpetual futures also have a funding rate, a periodic payment between long and short positions. Include it when comparing the cost of holding a position.
Binance Vs Bybit Futures, Spot, Options And Copy Trading
Binance vs Bybit futures and spot listings can matter more than a small fee gap if you need a particular asset or contract.
| Product, counted 14 October 2026 | Binance | Bybit |
|---|---|---|
| Active spot pairs | 1,380 | 527 |
| Stablecoin-margined perpetual contracts | 789, including 221 TradFi contracts | 866 |
| Stablecoin-margined dated futures | 4 | 40 |
| Coin-margined contracts | 30 | 26 |
| Options listings | 1,706 across 8 assets | Approximately 2,412 across 6 coins |
| Maximum BTCUSDT leverage | 150x | 150x |
Listings were counted from public APIs at approximately 19:40 UTC+7 on 14 October 2026. They are a snapshot, so check whether the exact market you want remains available.
Both displayed 150x maximum BTCUSDT leverage. First-tier maintenance margin was 0.40% at Binance and 0.33% at Bybit when checked; the logic is similar to how margin is calculated for leveraged CFDs. Before increasing leverage, understand how your liquidation price changes.
Binance lets you choose the margin mode contract by contract. Bybit’s Unified Trading Account (UTA) applies one mode across the account. Whether you use cross or isolated margin affects which capital may absorb a losing position.
Both exchanges also offer:
- Copy trading: Available on both. Review the copied trader’s drawdown history.
- Trading bots: Both have grid and DCA bots, but automated strategies can still lose money.
- Earn: Binance offers Simple Earn, while Bybit offers Bybit Earn. Yield depends on the product.
- New-token programmes: Binance has Launchpool, Megadrop and HODLer Airdrops. Bybit has Launchpad and Launchpool.
Binance Vs Bybit Security And Transparency: Which Is Safer?
Binance vs Bybit security calls for more than a reserve percentage. Both publish Proof of Reserves, comparing assets in identified wallets with customer balances at a particular point in time.
Those reports have three limits:
- Timing: A dated snapshot cannot show what happened to balances afterward.
- Data: The exchange supplies customer-balance data. A Merkle tree lets users check that their own balance is included.
- Scope: A reserve ratio is not a full audit of every corporate liability and operation.
Is Binance Safe? The 2023 Settlement, SAFU And Proof Of Reserves
Is Binance safe? Its legal record and response to losses both matter. Neither a reserve ratio nor an incident in isolation settles the question.
Three dated points deserve attention:
- US settlement: On 21 November 2023, the US Treasury announced a USD 3.4 billion FinCEN settlement and a USD 968 million OFAC settlement, with five years of compliance monitoring. Binance pleaded guilty in the Justice Department case. The material checked on 14 October 2026 contained no official confirmation that the monitoring term had ended early.
See the US Treasury announcement on the Binance settlements.
- SAFU fund: In February 2026, the fund moved to 15,000 BTC, with a commitment to replenish it if its value fell below USD 800 million.
- Proof of Reserves: Crypto Briefing reported on 6 August 2026 that the 1 August snapshot showed BTC and ETH each at 100.25% and USDT at 103.62%.
Following the 11 October 2025 crash, Binance announced more than USD 280 million in compensation for exchange-caused losses, according to CoinDesk.
Bybit Hack 2025: What Happened On 21 February And How It Responded
The Bybit hack 2025 involved approximately USD 1.5 billion in digital assets, according to the FBI. The agency attributed the 21 February theft to a North Korean group it calls TraderTraitor. Bybit calls the group Lazarus.
See the FBI announcement dated 26 February 2025.
The response can be followed through three points:
- Attack route: Bybit’s 27 February statement, citing Verichains and Sygnia, said a Safe{Wallet} developer’s credentials were compromised. Attackers deceived signers into approving a malicious multisignature wallet transaction. Neither investigator found evidence that Bybit’s own infrastructure was compromised.
See Bybit’s statement on the Safe{Wallet} investigation.
- Immediate response: Bybit said it processed more than 350,000 withdrawal requests within 12 hours.
- Later measures: Its 4 June 2025 statement cited nine security audits in one month and more than 50 new measures, including stronger wallet protection and transaction-approval procedures.
For reserves, Crypto Briefing reported a Bybit snapshot dated 23 September 2026 showing BTC at 104%, ETH at 103% and USDT at 110%.
Deposits, Withdrawals And P2P In Local Currencies
P2P in local currencies lets users buy or sell USDT directly with each other while the exchange hosts the marketplace. Both exchanges offer multiple fiat currencies and local payment methods. The ads available to you depend on your currency and location.
Check each marketplace before moving funds:
- Binance P2P: Its P2P guide describes trading in local currencies with a choice of payment methods. Check the number of active ads, their trade limits and whether your preferred method is available.
- Bybit P2P: Its P2P guide describes currency and payment-method filters. Apply the same checks to its ads. Assets go to the Funding wallet, and the payment account name must match the account’s KYC details.
- Prices and fees: Advertisers set their own prices. P2P fee sources do not support one common rate for both exchanges, so review the terms of the specific offer.
P2P payments carry counterparty and source-of-funds risks. Prefer verified advertisers, review their trading history and confirm that the payment details match the verified account before transferring money.
For USDT withdrawals, the blockchain network determines the fee and whether the receiving address can accept the transfer. Binance public data on 14 October 2026 listed BEP20 at 0.01 USDT, ERC20 at 0.5 USDT and TRC20 at 1.5 USDT, with a 5 USDT minimum withdrawal. Bybit’s current fee was not verified. Check its withdrawal screen. The sending and receiving networks must match to avoid losing assets.
Check local availability before trading: A licence in one jurisdiction does not establish permission in every country. Check each exchange’s current eligibility terms and your regulator’s register for the products you intend to use. Tax treatment and exchange eligibility are separate questions under your local rules.
Bybit Or Binance: Which Fits Your Trading Style?
Bybit or Binance has no universal answer. Start with the markets you need, the orders you usually place and the risk you can bear:
- Buy and hold a broad spot selection: Binance had more active pairs at the check date. Beginners should understand how spot differs from futures before considering leverage.
- Trade futures with frequent market orders: Binance’s standard taker fee was lower in the comparison above.
- Need options on SOL, XRP, DOGE or MNT: Bybit had more listings in this group when counted. Binance listed gold and silver options and additional TradFi contracts.
- Want one margin mode across the account: Bybit’s UTA supports that approach. Binance lets traders set the mode by contract if they want to separate margin treatment.
- Use copy trading or bots: Both offer them. Review drawdowns and decide how much capital each strategy may use, for example with the 1% risk rule.
Backcom.io does not rank one exchange above the other on every measure. Fees, listings and margin controls meet different needs, and traders should also check the licence status that applies in their country.
Frequently Asked Questions (FAQ) About Binance Vs Bybit
Binance Vs Bybit Fees: Which Exchange Is Cheaper?
For VIP 0 traders, the main difference in these tables is the futures taker fee. On 14 October 2026, both charged 0.10% for spot and 0.02% for futures maker orders. Taker rates were 0.05% at Binance and 0.055% at Bybit. Check your own account rate and usual order type before estimating total cost.
Binance Vs Bybit For Beginners: Which Fits Better?
Neither is automatically better. If you begin with spot, both standard fees are 0.10%, while the counted spot pairs were 527 at Bybit and 1,380 at Binance. Choose an interface you understand, use capital you can afford to lose and avoid highly leveraged futures until you understand liquidation prices.
Does Bybit Support P2P In Local Currencies?
Yes. Bybit’s P2P marketplace lets you filter offers by fiat currency and payment method. The number of ads and usable methods may differ where you live. Before transferring funds, check the available offers, choose a verified advertiser and make sure the payment details match the account’s KYC information.
Are Binance And Bybit Licensed In Every Country?
No single licence establishes coverage everywhere. The licences listed above identify specific jurisdictions, not a worldwide permission to serve every customer or offer every product. Before trading, check the relevant regulator’s register and each exchange’s current country and product eligibility terms. Website access alone does not answer those questions.
Should You Use Binance And Bybit At The Same Time?
You can if you need products on both and can manage two accounts. Spreading assets can reduce reliance on one venue, but it adds another login to protect. Enable two-factor authentication, keep transfer records and leave only the capital you are using on an exchange.
Conclusion
Binance vs Bybit shows similar standard spot and futures maker fees, but different futures taker fees, product ranges and approaches to margin management.
Decisions about Binance’s trustworthiness, the Bybit hack and which exchange suits you should rely on dated records, incident responses and current terms. Before any futures trade, work out how leverage changes your liquidation price.
Disclaimer: Backcom.io compiled this content for information only. It is not investment advice, an exchange recommendation or legal advice. Conditions may change after 14 October 2026. Leveraged futures can cost you your entire capital.
