Full Comparison for Crypto Traders

When you look at a clear comparison of Bybit vs BingX, you avoid guessing when choosing a trading platform. You get the insights you need to understand how each exchange works, what they offer, and which one truly fits your trading style. Many traders struggle because the differences between these platforms aren’t always obvious, and relying on assumptions can lead to costly decisions.

We break everything down in simple language so you can make a confident choice. As you go through this guide, you’ll see how Bybit and BingX stack up in real-world use, from trading tools to fees and security. Keep reading, because the insights ahead can save you time, money, and unnecessary frustration.

Bybit vs Bingx: Overview Comparison

FeatureBybitBingXFounded20182018Base Spot Fee0.1% Maker / 0.1% Taker0.10% (maker/taker)User Base70 million users worldwide20 million users worldwideTrading TypesSpot, derivatives, copy trading, bots, stakingSpot, derivatives, copy trading, bots, grid tradingBase Futures Fee0.02% Maker / 0.055% Taker0.02% maker / 0.05% taker feesLeverageUp to 100x on derivativesUp to 150x on derivativesSupported Coins2,273+ cryptocurrencies1000+ cryptocurrenciesKYC RequirementOptional for basic use; required for full accessOptional for basic use; required for full accessMobile AppYes (iOS & Android)Yes (iOS & Android)Best ForHigh-volume traders, derivatives specialistsBeginners, social traders, copy trading users

What is Bybit?

Bybit is a global crypto exchange launched in 2018. It was created by Ben Zhou, an experienced fintech professional who wanted to build a fast, secure, and easy-to-use trading platform. Since then, Bybit has grown into a major player in the industry with more than 70 million users worldwide, prompting many investors to seek a more detailed look at what the exchange offers.

When you look at Bybit through the eyes of a trader, you can see why it’s gained so much trust. You get deep liquidity, quick order execution, and a clean interface that works well whether you’re new to crypto or already familiar with advanced strategies. The platform offers spot markets, futures, perpetual contracts, trading bots, earning products, and plenty of tools that help you manage your trades with confidence.

So what helps Bybit stand out today? It brings together strong trading features, a user-friendly design, and a reputation for reliability. If you’re thinking about giving it a try, you can start with our Bybit referral code to access special perks and boost your first steps on the platform.

Pros & Cons of Bybit

ProsConsStrong derivatives markets with deep liquidity on more trading pairsNot available in some countries because of regulatory restrictionsCompetitive trading fees, especially for futures tradersAdvanced tools may feel overwhelming for complete beginnersWide range of markets, including spot, futures, perpetual contracts, bots, and earning productsLeverage can increase risk if you’re not carefulUser-friendly interface suitable for both new and experienced tradersSome users report slow responses from customer support

Bybit is best for:

Traders who prefer using their phone, thanks to Bybit’s smooth and fully optimized mobile app.Anyone new to crypto who wants a simple interface and helpful learning guides.Users interested in copy trading, with access to a large pool of experienced traders to follow.People who enjoy learning from others and being part of an active trading community.Advanced traders who want high leverage options and a strong set of professional tools.Users looking for passive income through staking, savings, earning products, and other reward features.Traders from many regions, since Bybit is available in more than 150 countries.

What is BingX?

BingX is a global cryptocurrency exchange launched in 2018, created to give you a simple and supportive place to trade. The platform has grown quickly and now serves more than 20 million users worldwide. BingX focuses on making trading easier to understand, especially if you want guidance instead of guessing your way through the markets.

One of BingX’s key strengths is its copy trading system, which lets you follow experienced traders and learn from their strategies in real time, a major reason why many traders consider it one of the best crypto copy-trading platforms available today. You also get access to spot markets, futures, a wide range of digital assets, trading bots, and earning products without feeling overwhelmed. The design stays clean and approachable, even when you’re exploring more advanced features.

Security is another major focus. BingX maintains a $150 million protection fund, also known as its shield fund, which is dedicated to user safety and emergency coverage. This gives you extra peace of mind when you’re trading on the platform. If you want to try BingX for yourself, you can use BingX referral code, which gives you access to exclusive rewards and helps you begin with an advantage.

Pros & Cons of BingX

ProsConsEasy-to-use interface that works well for beginnersNot available in every country because of regulationsStrong copy trading features with many skilled traders to followCopy trading results depend on the trader you chooseWide range of assets, including spot and futures marketsFewer advanced charting tools than some pro-focused exchanges$150 million protection fund for added user securitySome users may outgrow the platform’s simpler layoutHelpful trading bots and earning productsFutures trading still carries risk, especially with leverage

BingX is best for:

Beginners who want a simple, clear platform to learn onUsers who want to follow experienced traders through copy tradingTraders who prefer having a wide mix of assets in one placePeople who want extra peace of mind from a large protection fundAnyone who values a clean, mobile-friendly designUsers looking for trading bots and flexible earning toolsTraders who want a platform that keeps things easy without removing useful features

Bybit vs BingX: Trading Features

Trading FeatureBybitBingXSpot TradingSupports a wide range of spot pairs with strong liquidityOffers spot trading on many assets with simple tools for beginnersFutures and DerivativesProvides futures, perpetual contracts, margin trading and high leverage optionsIncludes futures and perpetual contracts with leverage and straightforward controlsCopy TradingOffers a copy trading section where you can follow experienced tradersKnown for its strong copy trading system with clear trader profiles and real-time trackingTrading Bots and AutomationIncludes grid bots, automated strategies, and advanced order types such as limit, market, and conditional ordersProvides trading bots, simplified automated tools and beginner-friendly layouts

Bybit vs BingX: Platform Products and Services

Product / ServiceBybitBingXEarn ProductsOffers flexible and fixed-term staking, savings, liquidity mining, dual-asset products, and structured earning optionsProvides BingX Wealth with flexible and fixed-term earn products, plus principal-protected Shark Fin investmentsWeb3 WalletIncludes a secure Web3 wallet for exploring decentralized applications and managing on-chain assetsDoes not offer a dedicated Web3 walletFiat OnboardingSupports fiat deposits and withdrawals through multiple payment methodsSupports fiat services, including deposits, withdrawals, and easy buy optionsCrypto CardDoes not currently offer a crypto debit cardOffers the BingX Card, a Mastercard-supported crypto debit cardLaunchpad / LaunchpoolFeatures a launchpad for early access to new crypto projects and token airdropsDoes not have a dedicated launchpad for new project listings

What Bybit Offers:

A variety of earnings products, including staking, savings, liquidity mining, and dual asset investmentsA secure Web3 wallet for managing on chain assets and exploring decentralized applicationsFiat onboarding with multiple payment methods for deposits and withdrawalsEarly access to new crypto projects through a launchpad and launchpool system with token airdropsPeer-to-peer trading and fiat support in regions where it is availableA protection fund that helps safeguard user assetsVIP and institutional services for high volume traders and professional users

What BingX Offers:

Flexible and fixed-term earning products through the BingX Wealth program, including principal protected Shark Fin investmentsA crypto debit card called the BingX Card, which is supported by MastercardFiat deposits and withdrawals make it easier to move money in and out of the platformA peer-to-peer trading service with an escrow system to support secure user transactionsA protection fund valued at around 150 million dollars to help protect user assetsA simple platform with strong social and copy trading features suited for beginners and casual traders

Bybit vs BingX: Fee Structures

Fee TypeBybitBingXSpot Trading FeesMaker fee is 0.1 percent, and taker fee is 0.1 percentMaker and taker fees are both 0.10 percent for standard spot tradesPerpetual Futures Fees0.02% Maker / 0.055% Taker0.02% maker / 0.05% taker feesFiat Deposit FeesVaries depending on the payment method usedSEPA deposits are free. Other fiat options depend on the providerFiat Withdrawal FeesDepends on the payment method or regionSEPA withdrawals carry a 0.1 percent feeCopy Trading FeesCharges a 10 percent profit share on copied tradesProfit sharing depends on the trader you follow, which may varyVIP DiscountsOffers lower fees through tiered VIP levels based on trading volume and asset holdingsProvides reduced fees based on 30-day trading volume or account balance

Bybit vs BingX: Coins, Liquidity & Volume

MetricBybitBingXCoins SupportedSupports more than 2,273 cryptocurrencies across spot markets and derivatives. This includes major assets and a wide selection of altcoins.Offers trading access to over 1,000 cryptocurrencies, giving users a very broad range of assets to choose from.Trading PairsStrong coverage of popular pairs such as BTC/USDT, ETH/USDT, SOL/USDT, XRP/USDT, and DOGE/USDT.Provides a large list of active markets, including major pairs like BTC/USDT and many emerging tokens.LiquidityKnown for deep liquidity on major assets, which makes it suitable for large order sizes with minimal slippage.Maintains high liquidity on leading pairs with competitive spreads, especially on BTC/USDT and other top markets.Daily Trading VolumeHandles significant trading volume, with BTC/USDT and ETH/USDT among its highest-activity markets.Supports strong daily activity across spot and futures markets, even though specific totals vary from day to day.

Bybit vs BingX: Security Comparison

Security is one of the first things you should look at when choosing a trading platform. Both Bybit and BingX invest heavily in protecting user funds, but each platform handles security in its own way. Here’s what you should know before deciding which one feels safer for your needs.

Bybit Security Measures

Uses industry-standard cold storage to keep most user assets offline and away from external threatsRuns real-time monitoring systems to detect unusual activity on accounts or withdrawalsRequires two-factor authentication (2FA) for logins, withdrawals, and important account changesEmploys a multi-layer security architecture designed to keep trading and transactions stableMaintains a protection fund to help safeguard user assets during unexpected eventsOffers withdrawal whitelisting so only approved wallet addresses can receive funds

BingX Security Measures

Keeps the majority of user funds in cold storage with limited access for added protectionUses a combination of identity verification tools and account security features such as 2FAHolds a large protection fund valued at around 150 million dollars to support users during emergenciesMonitors transactions and account behavior to identify suspicious activity earlyAdds withdrawal security options, including address whitelisting and verification stepsProvides an escrow system in P2P trading to help protect buyers and sellers

Bybit vs BingX: Affiliate & Referral Programs

Program or FeatureBybitBingXReferral CodeNFTPWYMSQVR5Referral Program OverviewRuns a referral program that rewards both you and the person you invite when they sign up, deposit at least 100 USDT, and complete qualifying tradesProvides a referral program where you can share a referral link or code and earn rewards when your invited users tradeReferral Earnings or BonusesOffers bonuses for new users, such as deposit rewards, trading volume rewards, and occasional mystery box rewards, along with commission on trading feesLets referrers earn a share of the trading fees generated by invited users, and the reward rate can grow based on referral performanceCommission StructureAllows referrers to earn up to 30 percent commission on trading fees from each referred userOffers tiered commissions that can rise as your referrals trade more or reach higher referral levelsAffiliate ProgramProvides an affiliate system for partners who want long term commissions and access to promotional materials to help grow their audienceOffers an affiliate program aimed at influencers and content creators with commissions that can reach up to 50 percent of referred trading feesNew User IncentivesGives new users potential bonuses when they register through a referral link and meet deposit and trading requirementsMay offer fee rebates or bonuses to new users who sign up with a referral link and begin tradingRequirements for Referral QualificationRequires the invited user to sign up with Bybit referral code, deposit within seven days, and reach a minimum trading volume within thirty daysRequires the user to sign up with BingX referral code, and the reward rate increases based on trading activity and referral tiers

BingX vs Bybit: User Experience

When it comes to user experience, BingX shines for simplicity and approachability. Its clean design and copy-trading options make it ideal if you’re new or prefer quick, easy trades. The layout is straightforward, and onboarding feels smooth. Bybit, on the other hand, offers a rich platform built for serious traders. Its more advanced tools and deep liquidity cater to those comfortable with complexity, but that can feel overwhelming if you’re not prepared. In short, BingX is friendly and beginner-oriented, while Bybit suits experienced users looking for robust trading power and advanced features.

BingX vs Bybit: Customer Support 

Customer support on BingX tends to be friendly and accessible, especially for newer traders. They offer live chat, email support, and useful help guides that make it easier if you need help getting started or run into simple questions. Bybit provides a more advanced support system suited to active or professional traders. They offer 24/7 support, detailed FAQs, and multiple support channels to address trading issues, withdrawals, or account security. For basic questions or onboarding help, BingX feels easier. For deeper or more complex support needs, Bybit likely has more robust resources and backup options.

Conclusion

When you compare Bybit and BingX, the better choice depends on what you want from a trading platform. Bybit is stronger for experienced traders who value deep liquidity, advanced tools, and a wide mix of markets. It offers the kind of power that active users appreciate. BingX focuses on simplicity and guidance, making it a comfortable fit if you want an easier start, social trading, and a more supportive learning curve. Both platforms are reliable and offer solid features, so the right option simply depends on whether you prefer a more professional trading environment or a beginner-friendly experience that helps you grow.

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