Bybit vs SimpleSwap

Bybit3.3/5

VS

SimpleSwap4.1/5

Feature	BybitVisit	SimpleSwapVisit
Ratings
Our score	3.3/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	4.0	3.0
Security & trust	2.5	4.0
Asset selection	4.0	5.0
Ease of use	3.5	4.5
Support	3.0	4.0
Specs
Markets	Spot, Futures, Options, Margin, P2P, Copy trading	Spot
Maker fee	0.1%	Not disclosed
Taker fee	0.1%	Not disclosed
Coins listed	390	2,800
Fiat deposit methods	Not disclosed	Card
KYC required	Not disclosed	No
Staking / earn	Yes	Not disclosed
Mobile app	Not disclosed	Yes
Licenses & registrations	Virtual Asset Platform Operator license, United Arab Emirate, MiCA crypto-asset service provider authorization, Austria, Electronic money institution license for Bybit Payments GmbH	Not disclosed
Security features	Not disclosed	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	Yes	No
Copy trading	Yes	No
P2P market	Yes	No
Earn / savings products	Yes	Not disclosed
Referral program	Not disclosed	Yes
Company
Founded	2018	2018
Headquarters	British Virgin Islands	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	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	No account registration required for standard crypto-to-crypto swaps Non-custodial model delivers converted assets directly to personal wallets Extensive catalog covering more than 2,800 cryptocurrencies Choice between fixed guaranteed rates and floating market rates
Cons	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	Built-in exchange spreads can exceed traditional spot order-book trading fees Transactions flagged by automated AML risk scoring trigger sudden KYC holds No order books, limit orders, futures, or margin trading Fiat purchases rely on third-party processors with separate fees and verification
Best for	Perpetual futures traders, Multi-market crypto traders, Copy trading users	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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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