Is Bybit or Binance cheaper?

It depends on what you trade and your VIP tier. Bybit's standard spot fee is 0.1% and USDT-perp taker is 0.055%; Binance is the same 0.1% spot but a touch cheaper on futures taker at 0.05%. Both run tiered discounts and native-token cuts (MNT on Bybit, BNB on Binance), so check the current rates on the markets you actually trade.

Can I use both Bybit and Binance in my country?

Availability differs by jurisdiction and changes over time, and neither serves every country — check the current availability and restrictions for your specific country before signing up.

bybit-vs-binance

Bybit vs. Binance: How the Two Exchanges Compare

By TradeCookbook EditorialPublished June 30, 2026

Difficulty: Beginner
Time: 1 min

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Quick answer

Bybit and Binance are both large crypto exchanges with spot, derivatives and a wide product range. The right pick depends on availability in your country, the fees on what you actually trade, and which products you need — compared side by side below. Verify all figures, especially availability, before deciding.

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On this page

Both Bybit and Binance are large, full-range crypto exchanges — the better choice comes down to where you are, what you trade, and which products you need. Here's the side-by-side.

Bybit vs. Binance — key numbers side by side; check current figures on each exchange · figures as of June 2026
	Bybit	Binance
Founded	2018	2017
Headquarters	Dubai, UAE	No single HQ
Spot fee (taker)	0.1%	0.1%
USDT-perp fee (taker)	0.055%	0.05%

Fees compared

Spot is identical at 0.1% / 0.1% on both. On USDT-perp futures both start at 0.02% maker, with Binance's taker (0.05%) marginally below Bybit's (0.055%). Both cut fees via VIP tiers and a native-token discount — MNT on Bybit, BNB on Binance. See Bybit fees explained.

Features compared

Both run spot, USDT/USDC perpetuals, copy trading, bots and Earn. Binance has the deepest liquidity on major pairs and the widest product range; Bybit leans derivatives-first with a streamlined UX, strong copy trading, and USDC options. Max leverage favours Binance (up to 125x on top pairs vs Bybit's 100x).

Which should you choose?

Pick Bybit if you want a derivatives-first venue with copy trading, or you value its post-hack transparency (Hacken proof-of-reserves). Pick Binance if you want the deepest liquidity and broadest asset range, or slightly cheaper futures taker fees — where it's available to you. Neither serves US persons, and availability shifts, so check both for your country first.

Newer to the products both offer? See Crypto futures, explained and Copy trading, explained.

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TradeCookbook Editorial

Written & tested by the TradeCookbook team

The TradeCookbook team tests crypto exchanges and forex brokers on real, funded accounts and documents each step with original, dated screenshots. Every guide is fact-checked against primary sources and updated as platforms change.

Hands-on testing on real, funded accounts
Original, dated screenshots — never stock imagery
Claims fact-checked against primary sources

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