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.
| Feature | Bybit | BingX |
| Founded | 2018 | 2018 |
| Base Spot Fee | 0.1% Maker / 0.1% Taker | 0.10% (maker/taker) |
| User Base | 70 million users worldwide | 20 million users worldwide |
| Trading Types | Spot, derivatives, copy trading, bots, staking | Spot, derivatives, copy trading, bots, grid trading |
| Base Futures Fee | 0.02% Maker / 0.055% Taker | 0.02% maker / 0.05% taker fees |
| Leverage | Up to 100x on derivatives | Up to 150x on derivatives |
| Supported Coins | 2,273+ cryptocurrencies | 1000+ cryptocurrencies |
| KYC Requirement | Optional for basic use; required for full access | Optional for basic use; required for full access |
| Mobile App | Yes (iOS & Android) | Yes (iOS & Android) |
| Best For | High-volume traders, derivatives specialists | Beginners, social traders, copy trading users |
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 |
| Strong derivatives markets with deep liquidity on more trading pairs | Not available in some countries because of regulatory restrictions |
| Competitive trading fees, especially for futures traders | Advanced tools may feel overwhelming for complete beginners |
| Wide range of markets, including spot, futures, perpetual contracts, bots, and earning products | Leverage can increase risk if you’re not careful |
| User-friendly interface suitable for both new and experienced traders | Some users report slow responses from customer support |
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 |
| Easy-to-use interface that works well for beginners | Not available in every country because of regulations |
| Strong copy trading features with many skilled traders to follow | Copy trading results depend on the trader you choose |
| Wide range of assets, including spot and futures markets | Fewer advanced charting tools than some pro-focused exchanges |
| $150 million protection fund for added user security | Some users may outgrow the platform’s simpler layout |
| Helpful trading bots and earning products | Futures trading still carries risk, especially with leverage |
| Trading Feature | Bybit | BingX |
| Spot Trading | Supports a wide range of spot pairs with strong liquidity | Offers spot trading on many assets with simple tools for beginners |
| Futures and Derivatives | Provides futures, perpetual contracts, margin trading and high leverage options | Includes futures and perpetual contracts with leverage and straightforward controls |
| Copy Trading | Offers a copy trading section where you can follow experienced traders | Known for its strong copy trading system with clear trader profiles and real-time tracking |
| Trading Bots and Automation | Includes grid bots, automated strategies, and advanced order types such as limit, market, and conditional orders | Provides trading bots, simplified automated tools and beginner-friendly layouts |
| Product / Service | Bybit | BingX |
| Earn Products | Offers flexible and fixed-term staking, savings, liquidity mining, dual-asset products, and structured earning options | Provides BingX Wealth with flexible and fixed-term earn products, plus principal-protected Shark Fin investments |
| Web3 Wallet | Includes a secure Web3 wallet for exploring decentralized applications and managing on-chain assets | Does not offer a dedicated Web3 wallet |
| Fiat Onboarding | Supports fiat deposits and withdrawals through multiple payment methods | Supports fiat services, including deposits, withdrawals, and easy buy options |
| Crypto Card | Does not currently offer a crypto debit card | Offers the BingX Card, a Mastercard-supported crypto debit card |
| Launchpad / Launchpool | Features a launchpad for early access to new crypto projects and token airdrops | Does not have a dedicated launchpad for new project listings |
| Fee Type | Bybit | BingX |
| Spot Trading Fees | Maker fee is 0.1 percent, and taker fee is 0.1 percent | Maker and taker fees are both 0.10 percent for standard spot trades |
| Perpetual Futures Fees | 0.02% Maker / 0.055% Taker | 0.02% maker / 0.05% taker fees |
| Fiat Deposit Fees | Varies depending on the payment method used | SEPA deposits are free. Other fiat options depend on the provider |
| Fiat Withdrawal Fees | Depends on the payment method or region | SEPA withdrawals carry a 0.1 percent fee |
| Copy Trading Fees | Charges a 10 percent profit share on copied trades | Profit sharing depends on the trader you follow, which may vary |
| VIP Discounts | Offers lower fees through tiered VIP levels based on trading volume and asset holdings | Provides reduced fees based on 30-day trading volume or account balance |
| Metric | Bybit | BingX |
| Coins Supported | Supports 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 Pairs | Strong 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. |
| Liquidity | Known 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 Volume | Handles 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. |
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.
| Program or Feature | Bybit | BingX |
| Referral Code | NFTP | WYMSQVR5 |
| Referral Program Overview | Runs a referral program that rewards both you and the person you invite when they sign up, deposit at least 100 USDT, and complete qualifying trades | Provides a referral program where you can share a referral link or code and earn rewards when your invited users trade |
| Referral Earnings or Bonuses | Offers bonuses for new users, such as deposit rewards, trading volume rewards, and occasional mystery box rewards, along with commission on trading fees | Lets referrers earn a share of the trading fees generated by invited users, and the reward rate can grow based on referral performance |
| Commission Structure | Allows referrers to earn up to 30 percent commission on trading fees from each referred user | Offers tiered commissions that can rise as your referrals trade more or reach higher referral levels |
| Affiliate Program | Provides an affiliate system for partners who want long term commissions and access to promotional materials to help grow their audience | Offers an affiliate program aimed at influencers and content creators with commissions that can reach up to 50 percent of referred trading fees |
| New User Incentives | Gives new users potential bonuses when they register through a referral link and meet deposit and trading requirements | May offer fee rebates or bonuses to new users who sign up with a referral link and begin trading |
| Requirements for Referral Qualification | Requires the invited user to sign up with Bybit referral code, deposit within seven days, and reach a minimum trading volume within thirty days | Requires the user to sign up with BingX referral code, and the reward rate increases based on trading activity and referral tiers |
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.
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.
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.
If you prefer a larger ecosystem or more supported coins, Binance or OKX may feel stronger. If your focus is derivatives and liquidity, Bybit remains one of the top choices. Ultimately, the best crypto exchange depends on whether you value deep liquidity, broader asset variety, or a more all-in-one trading experience.
BingX is a solid option for spot and futures trading, and it stands out for its copy trading tools and beginner-friendly design. It’s especially useful if you want an easy learning curve while still accessing advanced features when you’re ready to scale your trading.
Spot fees match, while futures fees vary slightly, with Bybit offering lower maker fees and BingX offering lower taker fees in some cases. The best choice often depends on your trading volume and whether you prioritize lower costs for opening or closing positions.
Asking which exchange is more beginner-friendly between Bybit and BingX highlights that BingX is easier for most beginners. Its simple layout and copy trading features help new traders learn faster, while Bybit is better suited for advanced users.
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