Binance vs Bybit: Which Exchange is Better in 2025?

Hey, it’s Lanzo 👋
👉 If you’re looking to start trading crypto in 2025, you’ve probably asked yourself: Binance or Bybit? Which one is better?

These two giants dominate the exchange space. Binance is the largest in the world, while Bybit has exploded in popularity among retail and pro traders alike. Let’s break them down simply, clearly, and without fluff.

We’ll cover:

• What Binance and Bybit actually are
• Key differences in fees, assets, and UX
• Security, regulations, and trust factors
• Benefits and risks of each exchange
• Which exchange might be best for you in 2025

Let’s dive in 🚀

What Are Binance and Bybit? 🤔

Binance:

• Founded in 2017, it’s the largest exchange by trading volume.
• Offers spot trading, futures, staking, savings, launchpads, and more.
• Has had regulatory challenges, especially in the U.S.

Bybit:

• Launched in 2018, initially focused on derivatives trading.
• Now offers spot, futures, copy trading, bots, options, and card services.
• Gained popularity for cleaner UX and transparent fee structure.

✅ Lanzo Tip: Think of Binance as the “Amazon of crypto” (huge selection, sometimes messy), and Bybit as the “Apple of crypto” (polished, user-friendly).

👉 Related: What Is Dollar-Cost Averaging (DCA) in Crypto?

How Do They Work? ⚡

Both platforms let you:

• Buy/sell crypto (spot markets)
• Trade with leverage (futures)
• Earn passive yield (staking, launchpools, lending)
• Deposit fiat via card, SEPA, or P2P

But the differences are in:

• Fees
• Supported coins
• UX/UI design
• Security history
• Regulations

👉 You can also explore our Coins overview to see which assets are most popular for trading.

Why This Comparison Matters in 2025 🌍

• Regulation is tightening → some exchanges may not survive.
• Security & trust are more important than ever.
• Fees eat your profit → small differences = big long-term cost.
• Beginner-friendliness → new users want simple, not confusing dashboards.

Key Comparisons 🏗️

1. Fees 💸

• Binance: ~0.1% spot fees, reduced with BNB holdings.
• Bybit: ~0.1% spot fees, often lower futures fees than Binance.
  ✅ Winner for derivatives: Bybit.

2. Supported Assets 📈

• Binance: 350+ coins.
• Bybit: ~400 coins, but fewer obscure ones.
  ✅ Winner for selection: Binance.

3. UX & Design 🎨

• Binance: Feature-rich but cluttered.
• Bybit: Cleaner interface, easier for beginners.
  ✅ Winner for simplicity: Bybit.

4. Security 🔒

• Both have strong 2FA, cold storage, and proof-of-reserves.
• Binance faced hacks in the past but compensated users.
• Bybit hasn’t had major breaches.
  ✅ Winner: Tie, but some trust Bybit more.

5. Regulations 📜

• Binance struggles in U.S. and Europe.
• Bybit EU is fully compliant, licensed in several regions.
  ✅ Winner for EU users: Bybit.

Benefits 🌟

Binance

• Largest liquidity = tight spreads.
• Huge range of products (NFTs, launchpads, earn programs).
• Strong reputation globally.

Bybit

• Simple, clean UX.
• Lower futures fees.
• Copy trading + bots for passive users.
• Strong EU compliance.

👉 Related: Crypto Starter Pack if you’re just beginning.

Risks ⚠️

Binance

• Regulatory uncertainty.
• Overwhelming for beginners.
• Risk of account freezes in some countries.

Bybit

• Smaller than Binance.
• Not available in the U.S. (yet).
• Fewer experimental products.

TL;DR

• Binance = massive liquidity, huge range, but regulatory risk.
• Bybit = simpler, cheaper futures fees, strong in EU, but smaller ecosystem.
• Best choice depends on your location + needs.

✅ My take:

• Beginners → Bybit
• Heavy traders → Binance (for liquidity)
• Long-term holders → Neither → Use Ledger

👉 Want to secure your assets? Read our Ledger Nano X guide.

Start Your Journey 🚀

Keep Your Assets Safe 🔒

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