Bitbuy vs Bybit

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

Bitbuy4.0/5
VS
Bybit3.3/5
Feature
Ratings
Our score4.0/53.3/5
User ratingNo reviews yetNo reviews yet
Fees3.54.0
Security & trust4.52.5
Asset selection3.54.0
Ease of use4.03.5
Support4.03.0
Specs
MarketsSpot, OTCSpot, Futures, Options, Margin, P2P, Copy trading
Maker feeNot disclosed0.1%
Taker feeNot disclosed0.1%
Coins listed45390
Fiat deposit methodsBank transferNot disclosed
KYC required YesNot disclosed
Accepts US customers NoNot disclosed
Staking / earn Yes Yes
Mobile app YesNot disclosed
Licenses & registrationsOSC Marketplace & Restricted Dealer, CSA Marketplace & Restricted Dealer, CIRO Member Dealer, FINTRAC MSBVirtual Asset Platform Operator license, United Arab Emirate, MiCA crypto-asset service provider authorization, Austria, Electronic money institution license for Bybit Payments GmbH
Security featuresCold Storage, Custodial Insurance, CIPF ProtectionNot disclosed
Futures & perpetuals No Yes
Copy trading No Yes
P2P market No Yes
Earn / savings products Yes Yes
User protection fund YesNot disclosed
Referral program YesNot disclosed
Company
Founded20162018
HeadquartersCanadaBritish Virgin Islands
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Operates under CIRO member dealer status registered with the OSC and CSA
  • Cash balances covered up to $1M CAD per account by CIPF
  • Digital assets stored 1:1 in cold storage with insured custodians
  • Instant CAD deposits and withdrawals supported through Interac e-Transfer
  • 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
  • Services are restricted entirely to residents of Canada
  • Mandatory identity verification (KYC) required before any trading
  • No derivatives, perpetuals, or margin trading available
  • 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 forCanadian retail crypto buyers, Canadian high-net-worth OTC traders, Businesses holding crypto balance sheetsPerpetual futures traders, Multi-market crypto traders, Copy trading users

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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