Choosing the right crypto exchange can make a big difference in your trading success. When comparing BingX vs Bybit in 2025, you’ll find each platform has distinct advantages that might suit different trading styles and needs.
Bybit excels with its extensive derivatives markets and beginner-friendly interface, while BingX stands out with its social and copy trading features. If you’re looking to trade a variety of derivatives with a smooth experience, Bybit might be your best choice. However, if you value being able to copy successful traders or want access to additional markets including stocks, BingX offers these unique advantages.
Both exchanges have built solid reputations in the crypto space, but they differ in fees, supported cryptocurrencies, and trading types. Understanding these differences will help you pick the platform that aligns with your trading goals, whether you’re focused on leverage trading, seeking a user-friendly experience, or looking for specific features like copy trading.
BingX Vs Bybit: At A Glance Comparison
When choosing between BingX and Bybit, several key differences can help you make an informed decision about which platform better suits your trading needs.
Trading Volume & Reputation
Bybit generally handles larger trading volumes than BingX and has established a stronger market position. Both exchanges offer cryptocurrency trading services, but Bybit is often ranked higher on major exchange listing sites.
Fee Structure
| Exchange | Maker Fees | Taker Fees | Withdrawal Fees |
|---|---|---|---|
| BingX | 0.1% | 0.1% | Varies by crypto |
| Bybit | 0.1% | 0.1% | Varies by crypto |
The basic fee structures are similar, but promotional bonuses differ. Bybit offers up to $30,000 in bonuses, while BingX provides around $5,000.
Trading Features
Both platforms support spot and futures trading, but Bybit offers a more comprehensive suite of trading tools and options for advanced traders.
User Experience
BingX tends to be more beginner-friendly with a simpler interface. Bybit caters well to both beginners and experienced traders with more advanced charting capabilities.
Security Measures
Both exchanges implement industry-standard security features including two-factor authentication and cold storage for funds. Neither has experienced major security breaches recently.
Supported Cryptocurrencies
Bybit typically supports more cryptocurrencies than BingX, giving you a wider range of trading options.
Mobile Experience
Both exchanges offer mobile apps for Android and iOS, allowing you to trade on the go with most of the desktop functionality intact.
BingX Vs Bybit: Trading Markets, Products & Leverage Offered
Both BingX and Bybit offer a range of trading options for crypto enthusiasts in 2025. Let’s compare what each platform provides.
Trading Markets
BingX and Bybit both support spot trading, futures, and options. You can access hundreds of cryptocurrencies on either platform, including major coins like Bitcoin and Ethereum, as well as newer altcoins.
Leverage Options
BingX provides leverage of up to 100x on certain trading pairs. Bybit offers similar high leverage options, with up to 100x on major cryptocurrency pairs. This allows you to amplify your potential returns, though it also increases risk.
Products Comparison
| Feature | BingX | Bybit |
|---|---|---|
| Spot Trading | Yes | Yes |
| Futures | Yes | Yes |
| Options | Yes | Yes |
| Copy Trading | Advanced | Basic |
| Demo Account | Yes | Yes |
BingX stands out with its more developed copy trading system, letting you follow experienced traders automatically. This is particularly helpful if you’re newer to trading.
Bybit offers a more comprehensive derivatives platform with USDT perpetual contracts, inverse perpetual contracts, and delivery contracts.
Both exchanges support mobile trading through well-designed apps. You can manage your trades on the go with either platform.
Trading fees are competitive on both platforms, though they vary based on your trading volume and membership level.
BingX Vs Bybit: Supported Cryptocurrencies
When choosing between BingX and Bybit, the variety of cryptocurrencies available for trading is an important factor to consider.
Bybit offers a more extensive selection of cryptocurrencies compared to BingX. Based on recent data, Bybit supports a wider range of coins and tokens for trading activities.
However, BingX counters this with a higher number of trading pairs, giving you more flexibility in how you can trade your assets.
Here’s a quick comparison of their cryptocurrency offerings:
| Feature | BingX | Bybit |
|---|---|---|
| Coin Variety | Good | Excellent |
| Trading Pairs | More options | Fewer options |
| Fiat Support | Limited | Broader |
Bybit stands out with its comprehensive fiat support breadth, making it easier for you to move between traditional currencies and crypto assets.
Both exchanges support major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and other popular altcoins. You’ll find the standard market leaders available on both platforms.
For traders looking for more obscure or newer altcoins, Bybit typically adds new tokens faster than BingX.
If you’re primarily interested in trading between different cryptocurrencies, BingX’s higher number of trading pairs might be more valuable to you despite having fewer total coins.
When selecting between these exchanges, consider which specific cryptocurrencies you plan to trade regularly and check their availability on each platform.
BingX Vs Bybit: Trading Fee & Deposit/Withdrawal Fee Compared
When comparing BingX and Bybit, their fee structures play a crucial role in your trading experience. Both exchanges offer competitive rates, but there are some differences worth noting.
Spot Trading Fees:
| Exchange | Maker Fee | Taker Fee |
|---|---|---|
| BingX | 0.1% | 0.1% |
| Bybit | 0.1% | 0.1% |
For spot trading, both platforms maintain identical fees of 0.1% for both maker and taker orders. This creates a level playing field if you primarily engage in spot trading.
Futures Trading Fees:
| Exchange | Maker Fee | Taker Fee |
|---|---|---|
| BingX | 0.02% | 0.05% |
| Bybit | 0.01% | 0.055% |
BingX offers a slightly lower taker fee for futures trading at 0.05% compared to Bybit’s 0.055%. However, Bybit has a more competitive maker fee at 0.01% versus BingX’s 0.02%.
Withdrawal Fees:
Both exchanges implement variable withdrawal fees depending on the cryptocurrency. These fees are subject to change based on network conditions and transaction costs.
You can reduce your trading fees on both platforms by increasing your trading volume or holding their native tokens. BingX and Bybit also offer VIP programs that provide progressively lower fees as you move up the tiers.
For deposits, both exchanges typically don’t charge fees, making it easy for you to fund your account without additional costs.
BingX Vs Bybit: Order Types
When trading on cryptocurrency exchanges, order types play a crucial role in your strategy execution. Both BingX and Bybit offer various order options to help you manage your trades effectively.
Bybit provides a comprehensive range of order types including:
- Market orders: Execute immediately at current market price
- Limit orders: Set specific price for execution
- Stop-limit orders: Trigger at a certain price, then execute as limit order
- Take-profit orders: Automatically close positions at profit targets
- Stop-loss orders: Protect your investments by closing positions at set loss levels
BingX offers similar core functionality with:
- Market orders
- Limit orders
- Stop orders
- OCO (One-Cancels-Other): A pair of orders where execution of one cancels the other
Both platforms support advanced conditional orders that help you automate trading strategies. This is particularly useful for implementing risk management techniques.
The interfaces for placing orders differ slightly between the exchanges. Bybit tends to provide more detailed options for advanced traders, while BingX’s order interface is often considered more streamlined.
For futures trading, both platforms allow you to set leverage levels and position sizes directly in the order form. Bybit generally offers higher maximum leverage on certain pairs compared to BingX.
If you’re new to trading, both platforms provide demo accounts where you can practice using different order types without risking real funds.
BingX Vs Bybit: KYC Requirements & KYC Limits
BingX and Bybit have different approaches to KYC (Know Your Customer) requirements that might impact your trading experience.
BingX offers KYC-free access to cryptocurrencies including BTC, ETH, SHIB, and hundreds of altcoins. This means you can trade without identity verification. KYC on BingX is optional, giving you more privacy.
However, unverified BingX users face some limitations compared to verified users. You’ll have restricted access to certain features if you choose not to complete KYC.
Bybit has more structured KYC requirements. While basic trading is possible without verification, Bybit imposes stricter withdrawal limits for unverified accounts.
Withdrawal limits comparison:
| Exchange | Without KYC | With KYC |
|---|---|---|
| BingX | Limited | Higher limits |
| Bybit | Very restricted | Significantly higher limits |
Both platforms are considered privacy-focused exchanges in the crypto market, making them popular choices if you value anonymity.
Your trading volume needs should influence your choice. If you plan to trade larger amounts, completing KYC on either platform will raise your limits substantially.
Neither exchange requires KYC for basic access, allowing you to start trading quickly without identity documents.
BingX Vs Bybit: Deposits & Withdrawal Options
Both BingX and Bybit offer various methods to deposit and withdraw funds from your trading account. Understanding these options can help you choose the exchange that best fits your needs.
Deposit Methods
BingX supports cryptocurrency deposits along with bank transfers and some credit/debit card options. Bybit similarly offers crypto deposits and fiat payment options through third-party providers.
Withdrawal Options
Both platforms allow cryptocurrency withdrawals to external wallets. Bybit users can withdraw to bank accounts in supported regions, while BingX also provides fiat withdrawal capabilities.
Fee Structure
Withdrawal fees vary based on the cryptocurrency and network you choose:
| Exchange | Crypto Withdrawal Fees | Fiat Withdrawal Fees |
|---|---|---|
| BingX | Varies by coin | Depends on payment method |
| Bybit | Network-based fees | Provider fees apply |
Processing times for withdrawals are typically faster for cryptocurrencies than fiat methods on both platforms. Most crypto withdrawals process within minutes to hours.
It’s worth noting that both exchanges implement security measures like withdrawal address whitelisting and two-factor authentication to protect your funds.
Minimum deposit and withdrawal amounts differ across cryptocurrencies and payment methods, so you should check the current requirements before initiating any transactions.
BingX Vs Bybit: Trading & Platform Experience Comparison
When choosing between BingX and Bybit, the trading platform experience plays a crucial role in your decision. Both exchanges offer user-friendly interfaces, but with notable differences.
BingX provides a simpler platform that’s easier for beginners to navigate. You’ll find its copy trading feature particularly useful if you want to mirror successful traders’ strategies automatically.
Bybit, on the other hand, offers a more robust trading experience with advanced charting tools. You can access more complex order types and technical indicators to fine-tune your trading strategy.
Trading Features Comparison:
| Feature | BingX | Bybit |
|---|---|---|
| User Interface | Beginner-friendly | More technical |
| Copy Trading | Strong focus | Limited options |
| Mobile App | Intuitive | Feature-rich |
| Charting Tools | Basic | Advanced |
| Order Types | Standard | Comprehensive |
Both platforms support leverage trading, but Bybit typically offers higher leverage options for experienced traders. If you’re new to crypto trading, BingX’s simplified approach might feel less overwhelming.
The mobile experience differs as well. BingX focuses on simplicity and social trading elements, while Bybit’s app includes most features from its desktop version.
Response time matters during volatile markets. Bybit generally offers slightly better execution speeds, which can be important if you’re an active trader making frequent transactions.
BingX Vs Bybit: Liquidation Mechanism
Liquidation in crypto trading happens when your position’s losses reach a certain threshold. Both BingX and Bybit have systems to handle this process, but they work a bit differently.
Bybit uses a tiered liquidation system that gives traders more protection. When your margin ratio approaches the danger zone, you’ll first receive warnings. If your margin continues to drop, Bybit transfers your position to their insurance fund rather than immediately liquidating it.
BingX employs a more straightforward liquidation process. Your position will be automatically closed when your margin ratio hits the liquidation price. This happens to protect the platform from significant losses.
The liquidation prices on both platforms depend on your leverage level. Higher leverage means your liquidation price will be closer to your entry price, giving you less room for market movement.
Key Differences:
- Bybit offers partial liquidation options that can help save portions of your position
- BingX liquidation tends to be more immediate and complete
- Bybit provides more detailed notifications before liquidation occurs
Both exchanges calculate liquidation prices based on:
- Your initial margin
- The leverage you’re using
- Current market price
- Maintenance margin requirements
You can reduce your liquidation risk on either platform by using lower leverage and setting stop-loss orders to exit positions before they reach liquidation levels.
BingX Vs Bybit: Insurance
When trading crypto, insurance is a key safety feature you should consider. Both BingX and Bybit offer some form of protection for user funds, but there are important differences.
Bybit has established a more robust insurance system. They maintain a dedicated insurance fund that helps protect traders from auto-liquidations during extreme market volatility. This fund has grown consistently over time, showing Bybit’s commitment to user security.
BingX also provides insurance protection, but their fund is typically smaller than Bybit’s. This might affect the level of security offered during major market movements.
Insurance Fund Comparison:
| Feature | BingX | Bybit |
|---|---|---|
| Insurance Fund | Yes (smaller) | Yes (larger) |
| Transparency | Monthly reports | Daily updates |
| Coverage Scope | Basic protection | Comprehensive |
| Fund Growth | Moderate | Substantial |
Both platforms publish regular updates about their insurance funds. Bybit tends to be more transparent with daily updates, while BingX typically shares this information monthly.
It’s worth noting that neither platform offers complete insurance coverage for all types of losses. Hacks, technical failures, and other issues may not be fully covered.
For optimal protection, you should consider using cold storage for long-term holdings regardless of which platform you choose.
BingX Vs Bybit: Customer Support
When choosing a crypto exchange, good customer support can make a big difference in your trading experience. Both BingX and Bybit offer customer support services, but there are some differences worth noting.
Bybit provides 24/7 customer support according to the search results. This means you can get help at any time, which is crucial for crypto traders who operate across different time zones. Their support system includes a recovery model that aims to resolve your issues efficiently.
BingX also offers customer support, though specific details about their availability aren’t mentioned in the search results. Both platforms likely provide support through common channels such as live chat, email, and help centers.
The quality of support matters just as much as availability. Response times, helpfulness of agents, and language options can vary between the two platforms.
Consider checking user reviews about customer support experiences before deciding which platform to use. Real user feedback often provides valuable insights into actual support quality.
If you need intensive support or are new to crypto trading, you might want to prioritize the platform with stronger customer service options. Bybit’s guaranteed recovery model might be an advantage if you encounter serious account issues.
Remember that support needs may vary based on your trading experience level and the complexity of issues you might face.
BingX Vs Bybit: Security Features
When choosing a crypto exchange, security should be your top priority. Both BingX and Bybit offer strong security features to protect your assets.
BingX Security Features:
- Two-factor authentication (2FA)
- Cold wallet storage for most user funds
- Regular security audits
- Advanced encryption for user data
- Anti-phishing measures
Bybit Security Features:
- Two-factor authentication (2FA)
- Multi-signature wallets
- SSL encryption for all transactions
- Regular penetration testing
- 24/7 security monitoring
BingX stores approximately 90% of user assets in cold wallets, keeping them offline and safe from potential hackers. Their security team conducts regular audits to identify and fix vulnerabilities.
Bybit uses a multi-signature system that requires multiple approvals for withdrawals. This adds an extra layer of protection against unauthorized access to your funds.
Both platforms have never experienced major security breaches, which speaks to their commitment to security. However, Bybit’s security approach is slightly more comprehensive with its multi-signature wallet system.
For additional protection, you should enable all available security features on either platform. This includes using strong passwords, enabling 2FA, and being cautious of phishing attempts.
Remember that while exchanges provide security measures, you also play a role in keeping your account safe by following security best practices.
Is BingX A Safe & Legal To Use?
BingX has established itself as a legitimate cryptocurrency exchange since its founding in 2018. With over one million users worldwide, the platform has built a reputation for reliability in the crypto trading space.
Security is a priority for BingX, which implements robust safety measures to protect user funds and information. The exchange offers proof of reserve, allowing users to verify that their assets are properly backed and secured.
When comparing BingX to competitors like Bybit, both exchanges maintain similar standards for security. However, according to search results, BingX may offer greater asset diversity, giving traders more options.
The platform’s interface is designed to be user-friendly while still providing advanced trading tools. This balance makes it accessible for beginners while satisfying the needs of experienced traders.
While not as globally accessible as larger exchanges like Binance or Kraken, BingX operates legally in the regions where it’s available. Before using the platform, you should verify it’s permitted in your location.
BingX offers competitive fee structures and a VIP program that rewards regular traders. These features contribute to its overall value proposition as a trading platform.
Remember to conduct your own research before using any cryptocurrency exchange. While the available information suggests BingX is legitimate, your personal comfort with the platform’s security measures should guide your decision.
Is Bybit A Safe & Legal To Use?
Bybit has built a strong reputation for safety in the crypto exchange world. It has never experienced a security breach or loss of customer funds, which is impressive in an industry often plagued by hacks.
The exchange uses two-factor authentication (2FA) to protect user accounts. This extra layer of security helps keep your funds safe from unauthorized access.
Bybit’s perfect safety record can be attributed to its bug prevention measures and security protocols. These systems work together to create a secure trading environment for users.
Regarding legality, Bybit’s status varies by location. As of January 2025, Bybit has temporarily paused several services for Indian users due to regulatory changes. This highlights how crypto regulations differ across countries.
Before using Bybit, you should check if it’s legal in your jurisdiction. Crypto regulations change frequently, and what’s allowed in one country may be restricted in another.
Key safety features of Bybit include:
- Two-factor authentication (2FA)
- No history of security breaches
- Robust bug prevention systems
- Regular security updates
While Bybit offers a secure platform, you should always practice good security habits like using strong passwords and being cautious with phishing attempts.
Frequently Asked Questions
Traders considering BingX and Bybit often have specific questions about fees, performance, and features. These answers provide clear comparisons to help you make an informed decision for your trading needs.
What are the differences in trading fees between BingX and Bybit?
BingX and Bybit use tier-based fee structures that reward higher trading volume. Bybit typically charges 0.1% for spot trading makers and 0.1% for takers, while BingX offers similar rates at 0.1% for makers and 0.1% for takers.
VIP traders on both platforms enjoy significant discounts. Bybit’s VIP program has more tiers, providing greater fee reduction potential for high-volume traders.
For futures trading, Bybit often has slightly lower fees, particularly for USDT perpetual contracts.
How do BingX and Bybit platforms compare in terms of liquidity and price slippage?
Bybit generally offers superior liquidity compared to BingX. The search results indicate Bybit has higher trading volume, which typically results in tighter spreads and less slippage.
Higher liquidity on Bybit means your large orders are more likely to be filled at the expected price. This becomes especially important during volatile market conditions.
BingX compensates with competitive pricing but may show more noticeable slippage during market turbulence.
Which platform offers a more user-friendly experience, BingX or Bybit?
BingX excels with its copy trading feature, making it more approachable for beginners. This allows you to automatically mirror the trades of successful traders.
Bybit offers more comprehensive charting tools and trading features that appeal to advanced traders. Its interface is clean but packed with professional trading tools.
Mobile experiences differ as well, with BingX focusing on simplicity while Bybit provides more detailed market analysis tools on its app.
What security measures do BingX and Bybit implement to protect users’ funds?
Both exchanges employ industry-standard security practices including two-factor authentication and cold storage for most funds.
Bybit appears to have stronger regulatory approval according to the search results, which may provide additional security assurances. They maintain insurance funds to protect against trading losses.
BingX implements risk management systems but faces some questions about its licensing status in certain regions, despite operating in more countries.
How does the customer support of BingX compare to that of Bybit?
Bybit offers 24/7 customer support through live chat, email, and an extensive knowledge base. Response times are generally quick, within minutes for chat support.
BingX also provides round-the-clock support but may have longer response times during peak periods. Their support is available in fewer languages compared to Bybit.
Both platforms offer community forums where users can discuss issues, though Bybit’s community appears more active and established.
Which exchange offers a wider range of cryptocurrencies, BingX or Bybit?
Bybit supports a greater variety of coins than BingX according to the search results. This gives you more options for diversifying your crypto portfolio.
While BingX counters with a higher number of trading pairs, Bybit’s larger coin selection provides access to more unique cryptocurrencies.
Bybit also offers better fiat support breadth, making it easier to deposit and withdraw using traditional currencies from more countries.
BingX Vs Bybit Conclusion: Why Not Use Both?
Both BingX and Bybit offer valuable features for crypto traders. Bybit leads in trading volume, coin variety, and fiat support options. It’s more established in the market, which may give some traders more confidence.
BingX counters with a higher number of trading pairs and still provides solid trading options. It might not have all the advanced features of Bybit, but it works well for many trading needs.
You don’t have to choose just one platform. Many experienced traders use multiple exchanges to take advantage of different strengths.
Using both exchanges gives you access to:
- More trading pairs across both platforms
- Different fee structures to optimize your trading costs
- Backup options if one platform experiences downtime
- Unique features that each platform offers
When market conditions change, having accounts on both Bybit and BingX lets you quickly move to the platform with better liquidity or pricing for your specific trades.
Starting with small amounts on each platform can help you test which interface and features work best for your trading style.
Remember to consider security when using multiple exchanges. Use strong passwords, enable two-factor authentication, and keep track of your accounts carefully.
The best strategy often isn’t picking a single “winner” but using multiple tools that complement each other for your crypto trading journey.
