Bybit and Bitget are two popular cryptocurrency exchanges. Both are popular choices for trading crypto and become a tough choice to go with.
While analyzing both the platforms we found some features to be similar and others to be unique. Both of the exchanges have its own benefits and downsides. If you are struggling to pick amongst the two, then you are at the right place. We have got it covered under our review.
This Bybit vs Bitget comparison guide comes in handy for traders both new and experienced. You can’t go with the flow when it comes to trading. Every trader has specific needs to which every exchange caters specific needs.
Table of Contents
Bybit vs Bitget: Key Differences
- Coin Support: Bybit supports 36% more tokens than Bitget (Bybit –1220 vs. Bitget -847).
- Fee structure: Bitget offers a competitive fee structure. (Bitget has lower trading and withdrawal fees for high-volume traders).
- Regulation: Bitget has wider regulatory compliance with VASP licenses in Poland and Lithuania. Bybit, on the other hand, has limited regulatory licenses (Dubai only).
- Insurance coverage: Bitget has a dedicated user protection fund of $400 million. Bybit does not offer any insurance fund.
- Offerings: Bitget offers higher staking returns and a more diverse range of Earn services.
Bybit | Bitget | |
|---|---|---|
| Launched Date | March 2018 | July 2018 |
| Founders | Ben Zhou | Gracy Chen |
| Key Features | Spot trading, derivatives (USDT, USDC, and inverse perpetual), margin trading, bots, API services, pre-market trading, staking, P2P trading, and Web3 wallet | Spot, futures, margin, copy trading, P2P trading, fiat OTC market, trading bots, earn services, Web3 Bitget wallet, and Launchpad |
| Supported Coins | 1220+ | 847+ |
| Fiat Currencies | USD, EUR, GBP, and +3 more | USD, EUR, GBP, and +12 more |
| Trading Fees | 0.1% maker/taker | 0.1% maker/taker |
| KYC Mandatory | Yes (withdraw up to $20,000 USDT without KYC) | Yes |
| Minimum Deposit |
Crypto: No requirements Fiat credit/debit cards: US$10 |
Crypto: 0.1 USDT Fiat credit/debit cards: US$10 |
| Maximum Leverage |
100x for BTC and ETH 75X for low cap altcoins |
125x for BTC and ETH 100X for altcoins |
| Insurance Fund | (Bitget protection fund: 6,500 BTC) | |
| Customer Support | Support Center, Live chat, E-mail | Support Center, Live chat, E-mail |
| Withdrawal Limits |
No-KYC: 20,000 USDT KYC 1: 100,000 USDT |
No-KYC: 20,000 USDT per day KYC: 1 Million USDT |
| Active User Base | 40 million users | 20 million users |
| Advanced Charting Tools | ||
| Supported Countries | 180+ | 190+ |
| Restricted Countries | the United States, the Chinese Mainland, Hong Kong, Singapore, Canada, France, the United Kingdom, North Korea | Afghanistan, Canada (Alberta), Hong Kong, Iran, Singapore, The United States, etc. |
| Read More… | Bybit Review | Bitget Review |
Pros and Cons of Bybit and Bitget
Bybit and Bitget Platform: Key Features
| Bybit | Bitget | |
|---|---|---|
| Spot Trading | Yes | Yes |
| Futures Trading | USDT, USDC, inverse perpetual contracts, and traditional futures | USDT-M, USDC-M, and Coin-margined contracts |
| Margin Trading | Yes (up to 10x leverage) | Yes (10x for isolated margin and 3x for cross margin) |
| Options Trading | Yes | – |
| Copy Trading | Yes | Yes |
| Leveraged Tokens | Yes | – |
| P2P Trading | Yes (4 crypto, 60+ fiat, and 300+ payment methods) | Yes (7 coins, 50+ fiat, and 140+ payment methods) |
| Crypto-to-Crypto Convert | Yes | Yes |
| Trading Bots | Grid bots, martingale, futures combo, and DCA | Grid, smart portfolio, martingale, DCA, Quant bots, and signal bot |
| Earn Services | Yes | Yes |
| NFT Marketplace | Yes | Yes |
| Web3 Ecosystem | Yes (Bybit wallet, swap, bridge, and more) | Yes (Bitget Wallet, DeFi Swap) |
| Crypto Debit Card | Bybit visa card | – |
| APIs | Yes | Yes |
Supported Cryptocurrencies and Types
Bybit and Bitget crypto exchanges support a wide range of crypto tokens. Both platforms support popular meme coins, new projects, and low-cap altcoins as well. Bybit offers 1220 tokens, which is approximately 36% more than what Bitget offers (847). Both crypto exchanges provide a wide range of crypto assets, including popular coins, low-cap altcoins, and new projects.
Bybit and Bitget are equally responsive to list emerging crypto tokens, creating an equal market opportunity for its customers. They provide dedicated launchpool services that allow the customers to invest in hot new projects before others.
Winner: Bybit outranks Bitget in terms of coin support (1220 vs. 847).
Bybit vs Bitget: Regulatory Compliance
| Bybit | Bitget | |
|---|---|---|
| U.S. Regulated | ||
| VARA | ||
| FINRA Protection | ||
| Other Licenses | VASP in Dubai and Cyprus. | VASP in Poland and Lithuania |
Bybit Fees vs Bitget Fees Comparison
| Bybit | Bitget | |
|---|---|---|
| Spot Trading Fees | 0.1% maker/taker | 0.1% maker/taker (20% discount with BGB token) |
| Futures Fees (Vip 0 users) | 0.02% maker and 0.055% taker | 0.02% maker and 0.06% taker |
| Options Fees | 0.2% maker/taker | – |
| P2P Transaction Fees | Free | Free |
| Debit/Credit Card Purchase Fee | No fees | No fees |
| Account Opening Fee | 0% | 0% |
| Deposit Fee | 0% | 0% |
| Bank Transfer Withdrawal Fee | Not supported | 1 EUR for SEPA transfer |
| Debit/Credit Card Withdrawal Fee | N/A | N/A |
| Bitcoin (BTC) Withdrawal Fee | 0.0006 BTC (Bitcoin network) | 0.00008 BTC (Bitcoin network) |
| Ethereum (ETH) Withdrawal Fee | 0.005 ETH (ERC20 network) | 0.0016 ETH (Ethereum network) |
Bybit VIP Fees
Bybit has several VIP tiers for spot trading. Each tier offers lower fees based on trading volume. For example, VIP 1 traders must have a 30-day volume of at least 1 million USD. They receive lower maker and taker fees than standard users.
As traders move up to VIP 2 and VIP 3, which require volumes of 2.5 million USD and 5 million USD, fees drop even more. This system rewards traders who trade frequently and in high volumes.
For futures trading, VIP 1 is for those with a 30-day volume of 10 million USD or more. This tier offers a maker fee of 0.018% and a taker fee of 0.04%. VIP 2, for traders with a 30-day volume of 25 million USD or higher, lowers the maker fee to 0.016% and the taker fee to 0.0375%.
Bybit also has advanced VIP levels for institutional and professional traders, offering greater fee discounts based on volume. For current fee details, visit Bybit’s official platform.
Bitget VIP Fees
Spot Trading Fees on Bitget Bitget has a tiered fee system for spot trading. Maker and taker fees go down as trading volume increases. Non-VIP users pay a fee of 0.10%. At the highest VIP level, fees drop to 0.02% for makers and 0.032% for takers.
Futures Trading Fees on Bitget Futures trading fees also decrease with higher volumes. At the top VIP levels, traders enjoy very competitive rates. Maker fees can be as low as 0.0072%, while taker fees are at 0.028%.
For more details, check the full Bitget fee structure. It shows how their VIP system rewards active traders.
Winner: Bitget has lower trading fees and withdrawal fees for high-volume traders than Bybit.
Earn Passive Income and Rewards
| Bybit | Bitget | |
|---|---|---|
| Fixed-Term Staking | Up to 14% of APY | Up to 21% of APY |
| Flexible-Term Staking | Up to 100% APR on 7-day, 14-day, and 30-day locking periods | Up to 180% APR for locking |
| Mining Pool | No | No |
| Structured Products | Dual asset, double buy, smart leverage, and discount buy | Dual Investment, Smart Trend, Shark Fin |
| Crypto Loans | Yes | Yes |
| Signup Bonuses | 30,000 USDT worth of rewards | 1,000 USDT in rewards |
Check out our Bybit referral code and Bitget referral code for sign-up rewards and trading fee rebates.
Bybit vs Bitget: Security measures
 |  | |
|---|---|---|
| 2FA | ||
| Withdrawal Address Allowlisting | ||
| Restrict Withdrawal Limits | ||
| SSL Encryption | ||
| KYC & Anti-Money Laundering (AML) protocols | ||
| Regulatory Licenses | ||
| User Protection Fund | ($400 million) | |
| Past Hacking Incidents | (no Incidents so far) |
Payment Methods Compared
Bybit vs Bitget: Deposit Methods
| | |
|---|---|---|
| Bank Transfer | ||
| Credit/Debit Card | ||
| Apple Pay and Google Pay | ||
| Crypto Deposits | ||
| Third-Party Payment Processors | Banxa, XanPool, MoonPay, Mercuryo, Neofi, GEO Pay, and Onramp | Mercuryo, Banxa, Alchemy Pay, GEO Pay (Swapple), Onramp Money, and more. |
| P2P Deposit Methods | 300+ | 150+ |
Bybit vs Bitget: Withdrawal Methods
| | |
|---|---|---|
| Bank Transfer | ||
| Credit/Debit Card | ||
| Apple Pay and Google Pay | ||
| E-Wallets | ||
| Crypto Withdrawals | ||
| Third-Party Withdrawals |
Final Verdict
Bybit and Bitget offer unique advantages for cryptocurrency traders. Bybit is known for its wide range of cryptocurrencies and advanced trading tools. This makes it a great choice for experienced traders who want flexibility and comprehensive features.
In contrast, Bitget draws users in with its low fees and strong user protection fund. These features appeal to those focused on cost savings and security.
Ultimately, choosing between Bybit and Bitget depends on your trading goals. If you prefer advanced tools, Bybit is ideal. If minimizing costs is key, Bitget is worth considering. Both platforms deliver reliable options to enhance your crypto trading experience.
FAQs: Bitget vs Bybit
Which is a better crypto exchange, Bybit or Bitget?
Both Bybit and Bitget offer unique benefits. Your choice depends on your trading style.
Bybit shines with advanced tools and over 1,220 cryptocurrencies. It has a competitive fee structure and strong security, making it reliable for various trading needs.
Bitget, however, is known for lower trading and withdrawal fees. This is great for high-volume traders. It also offers more staking options with higher returns, appealing to those seeking cost efficiency and passive income.
If minimizing fees and exploring diverse options is your goal, Bitget might be a better fit. But if you prefer advanced tools and a wide selection of cryptocurrencies, Bybit is a strong contender.
Which is more user-friendly between Bybit and Bitget?
Bybit and Bitget both offer easy-to-use platforms for web and mobile users. Bybit is known for its fast trading engine, which ensures smooth transactions without price slippage. Its demo trading feature is also excellent for beginners to practice and learn.
On the other hand, Bitget has simple navigation and helpful tools like copy trading and trading bots. These features make trading easier for newcomers.
Both platforms cater to novice and experienced traders, making them similarly user-friendly.
What is Bybit?
Bybit is a well-known day trading cryptocurrency exchange. It launched in March 2018, founded by Ben Zhou. The platform provides various trading options like spot trading, derivatives, margin trading, and staking. Bybit supports more than 1,220 cryptocurrencies and offers advanced tools for experienced traders. It also features a Web3 wallet and APIs for developers.
Traders favor Bybit for its low fees, strong security, and useful copy trading features. While it does not operate in the U.S., it is available in over 180 countries. Bybit is recognized as a top crypto derivatives exchange and futures crypto exchange.
What is Bitget?
Bitget is the top copy trading cryptocurrency exchange. It began in July 2018, founded by Gracy Chen. The platform offers spot, futures, and margin trading. It also features copy trading and trading bots. Bitget supports over 847 cryptocurrencies and has a user protection fund of $400 million.
Users can earn through various methods, like high-return staking. The platform is available in more than 190 countries but not in the U.S. Bitget is known for low fees and extensive trading options. This makes it a popular choice for new and experienced traders.
Are Bybit and Bitget good crypto platforms?
Bybit and Bitget are both well-known cryptocurrency platforms, each with unique benefits for traders. Bybit is known for its strong trading engine, advanced tools, and wide range of cryptocurrencies. It also emphasizes user security and offers good rewards through its referral program.
On the other hand, Bitget is recognized for its lower fees and various trading options, like copy trading. It has a large user protection fund, which makes it attractive to cost-conscious traders who want a secure platform.
Both platforms are trusted by millions worldwide and meet many trading needs. However, neither platform is available in the U.S., which may limit some traders.
Are Bybit and Bitget available in the USA?
Bybit and Bitget are not available in the United States. Bybit also faces restrictions in other areas, like Mainland China, Hong Kong, Singapore, Canada, France, the UK, and North Korea.
Bitget, like Bybit, is not accessible in the U.S. It has limits in places such as Afghanistan, Alberta, Hong Kong, Iran, and Singapore. Crypto investors in these regions will need to find alternative platforms that comply with local laws.
