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!
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
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 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.
Application Bitget
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.
Bourse Bybit
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.
Application Bybit
Both platforms offer mobile apps for both iOS and Android, allowing traders to stay up-to-date with their trades on-the-go.
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.
Inscription Ă Bitget et 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
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
Bitget vs Bybit : Produits et 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?
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
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.
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 gagne des produits
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.
Économies de bitcoins
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.
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
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
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
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
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 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
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
The platform also includes futures trading, with over 180 perpetual contracts and leverage options of up to 100X.
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
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 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
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
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
Recently, Bybit has also introduced the buying and selling of NFTs on blockchains like Ethereum, Solana, Polygon, Tezos, and BNB Chain.
NFT Bybit
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
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
This comprehensive suite of services positions Bybit as one of the most versatile platforms on the market today.
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. Â
Frais ponctuels Bitget
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%.
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.
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
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 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 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
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.
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.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
