Head to head · measured, not copied

Binance vs Bybit: liquidity against focus

Same headline fees. One is the largest venue in crypto; the other does fewer things and does them faster.

The short answer

Fees are identical at 0.10% maker and taker on the standard tier, so this comes down to what you trade. Binance wins on liquidity, coin selection and regulatory footprint. Bybit wins on derivatives execution and a cleaner interface.

BinanceBybit
Founded20172018
RegulationMiCA (EU), VARA (Dubai), Registered/licensed in multiple marketsVARA (Dubai), Registered in multiple markets
Minimum depositfrom $0from $0
Spot maker / taker0.1% / 0.1%0.1% / 0.1%
We measuredtesting in progresstesting in progress
Max leverageup to 1:125 (crypto derivatives)up to 1:100 (crypto derivatives)
Withdrawal (timed)testing in progresstesting in progress
Wrong forTraders who need direct local-currency rails in a market where Binance has paused fiat services.US and other restricted-region residents.

Where Binance wins

  • Deepest liquidity in crypto, which reduces slippage on larger orders
  • MiCA registration in the EU alongside VARA in Dubai
  • Widest spot coin selection among tier-one venues
Open Binance → Read the full Binance review

Where Bybit wins

  • Derivatives engine built for perpetual trading, with a faster feel under load
  • Less product sprawl, which is a genuine advantage when you are learning
  • P2P funding that works in markets where Binance fiat has been paused
Open Bybit → Read the full Bybit review

What it actually costs

Identical at 0.10% per side on the standard tier, so a $1,000 round trip costs $2 on both. Any fee difference you achieve will come from volume tiers or token discounts rather than the headline rate.

Published rates are only part of the bill. The spread is paid on both sides and never advertised, and the withdrawal fee is flat per transaction, which punishes small amounts hardest. Run your own volume through the fee calculator before deciding that a difference matters.

Our recommendation

Binance if size, selection and regulatory coverage matter. Bybit if you mainly trade perpetuals or want a simpler platform.

How we compare venues

Fee rates come from each venue's own published fee page, checked on 16 September 2026. Anything marked we measured was timed or read by us from a funded account, with the session and date recorded. Where we have not measured something ourselves it stays marked testing in progress rather than being filled in with a number copied from a marketing page. Referral links appear on this page and are disclosed on every page; the order of these verdicts is decided before any commission is considered. See our method and disclosure.

Frequently asked

Which is cheaper, Binance or Bybit?

Identical at 0.10% per side on the standard tier, so a $1,000 round trip costs $2 on both. Any fee difference you achieve will come from volume tiers or token discounts rather than the headline rate.

Which is safer, Binance or Bybit?

Binance: MiCA (EU), VARA (Dubai), Registered/licensed in multiple markets. Bybit: VARA (Dubai), Registered in multiple markets. A licence does not guarantee good execution, but it does buy recourse: rules about where client money sits, a body that can fine the firm, and in some jurisdictions a compensation scheme. Check which entity actually onboards you rather than the licence in the website footer.

Can I use both Binance and Bybit?

Yes, and many active traders do, usually for different jobs: one venue for fiat in and out, another for cheap execution. The cost is operational rather than financial, since capital split across venues is capital you cannot deploy in one place, and every extra account is another place your identity documents live.

Do these fees include everything?

No. Published maker and taker rates exclude the spread, which you pay on both sides and which is never published, and withdrawal fees, which are flat per transaction and set per network. On small positions the withdrawal fee often exceeds the trading fee entirely.

Are these numbers verified?

Fee rates come from each venue published fee page, checked 16 September 2026. Spreads and withdrawal times marked "we measured" were timed by us from funded accounts; anything else is marked testing in progress rather than estimated. We do not publish numbers we have not checked.

Trading is high risk and most retail accounts lose money. This comparison is education, not financial advice, and not a recommendation to open any account.