Head to head
Binance or Bybit? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
The deepest liquidity and the cheapest headline fees in crypto — attached to the weakest regulatory record of any venue this size.
The derivatives exchange that survived the largest theft in crypto history — and then got itself properly licensed in the EU.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
Four decision axes, each derived from the recorded data.
Overall Bybit takes it, 4.0 against 3.9 out of 5. The two pricing models cannot be converted like for like; the fee rows in the table carry the detail. Bybit scores 57 against 53 out of 100 on the group index. Your account's protection depends on its legal entity. Both cover 6 of 14 asset classes. On platform and app Binance is ahead, 4.6 against 4.5 out of 5. Which one is right depends on which of these axes matters for your trading profile.
Up to four brokers at once — every row a decision point.
Data as of: 30 Aug 2026
| Criterion | ||
|---|---|---|
| Overall score | 3.9 | 4.0 — Better |
| Group index | 53 of 100 | 57 of 100 |
| Best for | High-volume active tradersCrypto derivatives and perpetuals tradersAPI and algorithmic tradersCost-sensitive spot traders outside the EEATraders who need altcoin depth | Perpetual futures tradersCopy-trading followersAPI and algorithmic tradersCost-sensitive spot tradersEEA investors wanting a MiCA venue |
| Regulation | JFSAFSRAVARAFinCEN | FMAFMAVARAAFSANBG |
| Top-tier licences | 1 | 2 — Better |
| Investor protection | None | None |
| Listed group | No | No |
| Banking licence | No | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | No | No |
| Audited financials | No | No |
| Disclosed regulatory actions | 4 | 3 |
| Founded | 2017 | 2018 |
| Headquarters | No declared global headquarters; Binance Holdings Ltd. is registered in the Cayman Islands, KY | Dubai, AE |
| Fees | 4.6 — Better | 4.4 |
| Safety & regulation | 2.4 | 3.1 — Better |
| Trading platform | 4.6 — Better | 4.5 |
| Product range | 4.5 — Better | 4.4 |
| Mobile app | 4.5 — Better | 4.4 |
| Research | 3.8 — Better | 3.6 |
| Customer support | 3.2 | 3.6 — Better |
| Deposit & withdrawal | 3.2 | 3.8 — Better |
| Account opening | 3.4 | 4.2 — Better |
| Education | 4.2 — Better | 3.7 |
| Reference order EUR 5,000 | €5.00 | Not offered |
| Minimum deposit | None | None |
| Stocks (per order) | 0.1 % | Not offered |
| US stocks | n/a | n/a |
| ETFs | 0.1 % | Not offered |
| Options | tiered | tiered |
| Futures | tiered | tiered |
| Crypto | tiered | tiered |
| Bonds (order) | n/a | n/a |
| Funds (order) | n/a | n/a |
| EUR/USD spread | n/a | n/a |
| Index CFD spread | n/a | n/a |
| FX conversion | n/a | n/a |
| Inactivity fee | None | None |
| Custody fee | None | None |
| Withdrawal fee | n/a | n/a |
| Deposit fee | Crypto deposits are free. Fiat pricing varies by rail and by promotion: SEPA Instant euro deposits have run under a standing zero-fee campaign, while standard SEPA bank transfers have carried a EUR 1 flat fee. Card deposits on Visa and Mastercard cost roughly 1.8% to 2%, and Apple Pay, Google Pay and PayPal roughly 2%. All fiat deposits from EEA residents are suspended as of 1 July 2026. | Crypto deposits are free. In the EEA, Bybit Payments GmbH holds an Austrian e-money licence and issues dedicated IBANs, which makes SEPA the cheap route; card and third-party payment-provider deposits carry the provider's own percentage charge, typically low single digits. P2P trading is used for local fiat rails in markets without a direct banking connection. |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 6 | 6 |
| Exchanges | n/a | n/a |
| Stocks | Yes | No |
| ETFs | Yes | No |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| Forex | No | No |
| CFDs | No | No |
| Crypto | Yes | Yes |
| Bonds | No | No |
| Funds | No | No |
| Commodities | No | Yes |
| Indices | No | Yes |
| Warrants | No | No |
| Spread betting | No | No |
| Social trading | Yes | Yes |
| Platforms | Binance webBinance desktop appBinance mobile appBinance APITradingView integrationBinance Copy TradingBinance VIP and Institutional | Bybit webBybit desktop appBybit mobile appBybit APIBybit Copy TradingTradingView integrationBybit EU (bybit.eu) |
| Demo account | Yes | Yes |
| Fractional shares | Yes | No |
| Maximum leverage | 1:125 | 1:100 |
| Account opening | Fully online and usually complete within minutes to a few hours once identity verification clears; EEA residents cannot open an account at all as of August 2026 | Fully online; registration takes minutes and identity verification usually clears the same day. EEA residents are routed to Bybit EU GmbH under the Austrian MiCA authorisation |
| Account types | Regular (VIP 0)VIP 1–9Binance Copy TradingBinance VIP and InstitutionalBinance.US | Standard (non-VIP)VIP and Pro tiersBybit EUCopy Trading (lead trader)Bybit Institutional |
| Payment methods | SEPASEPA InstantBank transferCredit cardDebit cardApple PayGoogle PayPayPalCrypto | SEPASEPA InstantBank transferCredit cardDebit cardApple PayGoogle PayCrypto |
| Account currencies | USDEURGBPTRYBRLAEDPLN | USDEURGBPTRYBRL |
| Deposit time | Crypto deposits confirm in minutes; SEPA Instant is near-instant and standard SEPA takes 0–2 business days; card and wallet deposits are instant. Fiat deposits from EEA residents are suspended as of 1 July 2026 | Crypto deposits confirm in minutes; SEPA and SEPA Instant through the Austrian e-money entity are same-day to instant; card deposits are instant |
| Withdrawal time | Crypto withdrawals typically process within minutes once security holds clear; fiat withdrawals 0–3 business days depending on the rail | Crypto withdrawals typically clear within minutes after security holds; SEPA withdrawals 0–2 business days |
| Free withdrawals | n/a | n/a |
| Languages | EnglishGermanFrenchSpanishItalianDutchPortuguesePolishRomanianCzech+11 | EnglishGermanFrenchSpanishItalianDutchPortuguesePolishCzechTurkish+9 |
| Channels | Live chatEmailTicket system | Live chatEmailTicket system |
| Availability | 24/7 live chat and ticketing; no published retail telephone line | 24/7 live chat in multiple languages, backed by a ticket queue; no published retail telephone line |
Editorial assessment based on the recorded data.
Binance
The deepest liquidity and the cheapest headline fees in crypto — attached to the weakest regulatory record of any venue this size.
Pros
Cons
Best for
Bybit
The derivatives exchange that survived the largest theft in crypto history — and then got itself properly licensed in the EU.
Pros
Cons
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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