Binance.US vs Bybit

How Binance.US vs Bybit compare on our ratings, exchange specs, funding, pros and cons.

VS
Bybit3.3/5
Feature
Ratings
Our score4.1/53.3/5
User ratingNo reviews yetNo reviews yet
Fees5.04.0
Security & trust4.02.5
Asset selection4.04.0
Ease of use4.03.5
Support3.53.0
Specs
MarketsSpot, OTCSpot, Futures, Options, Margin, P2P, Copy trading
Maker fee0%0.1%
Taker fee0.02%0.1%
Coins listed200390
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHNot disclosed
KYC required YesNot disclosed
Accepts US customers YesNot disclosed
Proof of reserves YesNot disclosed
Staking / earn Yes Yes
Mobile app YesNot disclosed
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesVirtual Asset Platform Operator license, United Arab Emirate, MiCA crypto-asset service provider authorization, Austria, Electronic money institution license for Bybit Payments GmbH
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certifiedNot disclosed
Futures & perpetuals No Yes
Copy trading No Yes
P2P market No Yes
Earn / savings products Yes Yes
User protection fund NoNot disclosed
Referral program YesNot disclosed
Company
Founded20192018
HeadquartersUnited StatesBritish Virgin Islands
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1Not disclosed
Strengths and weaknesses
Pros
  • 0% maker fees across all 250+ spot trading pairs
  • Zero-fee fiat deposits and withdrawals through bank ACH transfers
  • SOC 2 Type II and ISO 27001 third-party security audits
  • Staking support across 25+ proof-of-stake cryptocurrencies
  • 0.02% base maker fee on USDT perpetual futures
  • 390 coins and 522 trading pairs
  • MiCA authorization from Austria's financial regulator
  • UAE virtual asset platform operator license
Cons
  • Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas
  • ACH fiat deposits carry a mandatory 7-day withdrawal hold
  • Centralized custody model requires full trust in the exchange for fund safety
  • Mandatory KYC identity verification required before trading or depositing
  • Approximately $1.5 billion was lost in the February 2025 hack
  • Centralized custody creates exchange counterparty exposure
  • Perpetuals and options carry liquidation and leverage risk
  • Withdrawal fees vary by coin and blockchain
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsPerpetual futures traders, Multi-market crypto traders, Copy trading users

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