Binance vs Bybit
Binance scores higher overall in our review. The full comparison is below, and the fee rows are the ones we verify on a schedule.
| Binance | Bybit | |
|---|---|---|
| Rating | 4.5 | 4.1 |
| Maker fee | 0.100% | 0.100% |
| Taker fee | 0.100% | 0.100% |
| Founded | 2017 | 2018 |
| Headquarters | Entity and regulator vary by region | Dubai, United Arab Emirates |
| Products | spot, perp, futures, options, bots, copy, earn | spot, perp, futures, options, bots, copy, earn |
| Max leverage | 125x | 150x |
| Identity verification | required | tiered |
| Fiat deposits | Yes | Yes |
| Proof of reserves | Published | Published |
| Spot markets we track | 1,362 | 541 |
| Perp markets we track | 569 | 812 |
Binance
The largest catalogue we measure, excellent execution on majors, and more product complexity than a beginner should ignore.
- **1,927 active markets in our database:** 1,358 spot and 569 perpetual instruments.
- **Deep major-pair books** and a price that independently contributes to our composite.
- **Regular futures fees of 0.020% maker and 0.050% taker.**
Bybit
Deepest perp book of the venues we track, with a security record that needs reading in full.
- **Perpetual fees of 0.055% taker, 0.02% maker.** Less than half the spot rate and competitive with anything we track.
- **804 perpetual and 546 spot markets** in our own database, the widest derivatives coverage of any venue we collect from.
- **Perpetuals on Tesla, Nvidia and gold**, margined from the same balance as the crypto contracts.
Which one to pick
Fee difference matters most if you trade often and in size; on a handful of trades a year it is noise next to whether the venue lists what you want to trade and lets you withdraw without a fight. Market counts above are what we actually track on each venue, not what either one advertises.