Bybit vs Binance
Bybit or Binance – which is better for UK traders 2024? Compare Bybit and Binance in this detailed breakdown of their platforms, features and fees.
Bybit | Binance |
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Bybit is ranked #83 among crypto brokers. | Binance is ranked #83 among crypto brokers. |
Bybit has closed or no longer accepts UK clients.
Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018. |
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. |
Pros | |
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Cons | |
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FCA Regulated | |
No | No |
Instruments | |
Cryptos, Futures | Cryptos |
Demo Account | |
Yes | No |
Minimum Deposit | |
$0 | $0 |
Payment Methods | |
Minimum Trade | |
0.001 Lots | $10 |
Mobile Apps | |
Yes (iOS & Android) | Yes |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | No |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | Yes |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
Yes | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
Yes | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
Yes | Yes |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Via 3rd party software | |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge. | |
Social Trading | |
No | No |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | No |
Account Currencies | |
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Cryptocurrency | |
Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options. | Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. |
Spread | |
Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1% | Variable fees with account tiers |
Coins | |
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Crypto Lending | |
Yes | Yes |
Crypto Mining | |
Yes | No |
Crypto Staking | |
Yes | Yes |
Auto Market Maker | |
No | No |
Bybit | Binance |
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