Bitbank vs ByBit: Fees, Coins, Safety Comparison
| Feature | Bitbank | ByBit |
|---|---|---|
Overall |
2.0 |
4.9 |
2.6 |
3.1 |
|
2.3 |
5.0 |
|
1.9 |
5.0 |
|
Investment Instruments |
1 |
5.0 |
Platforms and Charting Tools |
2.4 |
4.9 |
Deposit and Withdrawal |
2.2 |
4.0 |
Research |
3.1 |
4.2 |
Education |
2.2 |
4.1 |
Support |
2.7 |
4.5 |
Bonuses |
1.6 |
5.0 |
|
Your capital is at risk.
|
Bitbank vs ByBit: Pros and Cons
Bitbank is a marketplace for buying and selling cryptocurrencies. You can trade Bitcoin (₿), Ethereum (Ξ), Bitcoin Cash, MonaCoin, Stellar Lumen, OMG, and dozens of other crypto assets. The only fiat currency represented is the Japanese yen (JPY). Funds can be deposited through the most popular channels, including direct fiat transfers from a bank card. The exchange is known for one of the lowest rates of trading commissions: 0.12% for the taker, and -0.02% for the maker. There are no deposit fees, and withdrawal fees are also low. There is no minimum deposit, and registration and verification take a minimum amount of time. The exchange does not have specialized solutions for beginners, and investment and referral programs are not offered. From the position of the interface, experts estimate the platform as one of the most convenient and well-thought-out.
The Bybit cryptocurrency exchange first appeared in 2018. It is a standalone derivatives trading platform with inverse and perpetual futures contracts with up to 1:100 leverage. Quarterly USD futures are available at Bybit in combination with BTC, ETH, XRP, EOS, LTC, and multiple tokens. There is a linear futures contract on BTC/USDT. The exchange has several technological advantages: it provides for mutual insurance of market participants against possible sharp price movements. There are offsets for long and short positions, and there is market depth.
| Bitbank | ByBit | |
|---|---|---|
| Overall Pros | dozens of popular cryptocurrencies and tokens are traded on the exchange; | Trading With Leverage up to 1:100 |
| trading fees are significantly lower than the market average; | Derivatives, NFT Available | |
| no minimum deposit, no deposit fees; | Zero fee spot trading | |
| all funds of exchange clients are kept cold; | Deposit Fee – 0% | |
| the exchange has a state-of-the-art security system for users’ data; | Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | |
| there is a mobile application in addition to the terminal in the browser; | Strong Research | |
| terminal and application include tools for market analysis. | ||
| Overall Cons | absence of fiat currencies except for the Japanese yen; | No tier-1 regulation |
| there is no investment or referral program. | No Fiat Deposit and Withdrawal |
Bitbank vs ByBit: Safety and Regulation
| Regulated By: | Bitbank | ByBit |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
No |
Yes |
Other countries |
Japan |
Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan |
Bitbank vs ByBit: Trading Conditions
| Trading Conditions | Bitbank | ByBit |
|---|---|---|
Minimum deposit, USD or USDT |
1000 JPY |
1 |
Futures leverage |
Not allowed |
100 |
Spot leverage |
3 |
10 |
Supported Coins |
35 |
638 |
Trading platform |
||
DFSA in UAE |
||
P2P |
0 |
1 |
Perpetual contracts |
0 |
1 |
Bitbank vs ByBit: Fees
| Fee | Bitbank | ByBit |
|---|---|---|
Spot Taker fee |
0,15 |
0,1 |
Spot Maker fee |
0,12 |
0,1 |
Futures Taker fee |
No |
0,055 |
Futures Maker fee |
No |
0,02 |
Deposit fee |
No |
No |
Withdrawal fee |
0,0006 BTC 0,005 ETH |
0,000111 ВТС 0,0015 ETH (ERC20) |
P2P taker fee |
Not supported |
No |
P2P fee rate, maker fee |
Not supported |
No |
Bitbank vs ByBit: Trading Assets
| Asset Name | Bitbank | ByBit |
|---|---|---|
Coins Supported |
35 |
638 |
P2P |
No |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
No |
Yes |
Crypto Options |
No |
Yes |
Futures |
No |
Yes |
Bitbank or ByBit: Investment Programs
| Asset Name | Bitbank | ByBit |
|---|---|---|
Staking |
No |
Yes |
Copy trading |
No |
Yes |
Yield farming |
No |
No |
Affiliate program |
No |
Yes |
Trading Platforms: ByBit or Bitbank
| Bitbank | ByBit | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: ByBit or Bitbank
| Bitbank | ByBit | |
|---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: ByBit or Bitbank
| Bitbank | ByBit | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: ByBit or Bitbank
| Bitbank | ByBit | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: ByBit or Bitbank
| Bitbank | ByBit | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
Bitbank vs ByBit: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bitbank | ByBit |
|---|---|---|
Bank Transfer |
Yes |
No |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Bitbank vs ByBit: Research
| Research Type | Bitbank | ByBit |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Bitbank vs ByBit: Education
| Education Type | Bitbank | ByBit |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
No |
ByBit vs Bitbank: Support
| Support Features | Bitbank | ByBit |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
FAQs |
Telegram |
Bitbank vs ByBit: Crypto Bonuses and Promo
| Promo | Bitbank | ByBit |
|---|---|---|
Crypto Bonus |
Welcome bonuses |
Complete tasks and get up to $580 |
Affiliate Program |
No |
$20 per invited user, up to $50 deposit bonus |
|
Your capital is at risk.
|
Top 5 Reviews on ByBit
-
Comment
I discovered Bybit through recommendations in trader chats. What first caught my attention was the low minimum deposit — just $1 — so I decided to try trading derivatives. I trade BTC/USDT and ETH/USDT pairs and was pleased with the deep order book and fast execution speed. The leverage goes up to 1:100, which is useful for testing different strategies. After a month of active trading on Bybit, I managed to grow my deposit by 12%. I also liked the mutual loss protection feature — when prices drop sharply, part of the losses is covered. The trading fees are market-standard: not the lowest, but still reasonable.
-
Comment
I signed up to take advantage of up to 1:100 leverage and to assess the order book depth. Orders are executed quickly. Commissions are market-standard, but there are maker bonuses that help reduce costs. Among derivatives, I use EOS/USDT and LINK/USDT. Withdrawals are only available in crypto, but I haven't encountered any issues. There's a single account for all types of futures, which is convenient — no need to switch between accounts.
-
Comment
Bybit is a platform focused specifically on futures and derivatives, while classic crypto trading is limited — mostly USDT pairs. The minimum entry is just $1, and the maximum leverage is 1:100. That’s great, but it requires discipline. I also give a plus for the fact that the BTC/USDT futures contract costs just $1 — perfect for testing strategies without much risk. I don’t use the mobile app; I trade exclusively through the web.
-
Comment
The order system is well thought out. There are both market and conditional orders, plus the market depth through the order book allows you to assess volumes. I trade BTC/USDT and ETH/USDT — everything works smoothly with them. The trading commission is about standard. I top up my account via Visa, and it's convenient that the fiat gateway is supported. I trade futures with a leverage of 1:50 — optimal for risk management.
-
Comment
After using Bybit for crypto, I decided to try Forex trading through MT5. At first, I didn’t fully understand how automatic leverage works, but eventually figured it out - it’s fixed per contract and cannot be changed. It’s good that deposits are free and withdrawals have fixed rates depending on the coin. I haven’t seen any hidden fees or markup. Everything is ECN as stated. Trading via the MT5 mobile version is convenient, but support response times can be slow.
Top 5 Reviews on Bitbank
-
Comment
I opened an account on Bitbank without any problems — registration and verification took less than a day. I was pleasantly surprised that the exchange offers one of the lowest trading fees — takers pay 0.12%, while makers even receive a 0.02% rebate. Considering that most platforms charge fees above 0.2%, this is a competitive advantage. The exchange doesn’t offer investment products or bonuses for beginners, but as a trading platform for active traders, it’s quite suitable.
-
Comment
Bitbank seemed like a convenient platform for regular crypto trading. I trade here with BTC/JPY and ETH/JPY pairs — the trading fees are around 0.12% for takers and -0.02% for makers, which is lower than market averages. There is no minimum deposit, and the terminal interface based on TradingView is intuitive. It’s convenient that all assets are stored in cold wallets, and I have never experienced delays when withdrawing. However, the absence of fiat currencies other than the Japanese yen slightly limits trading flexibility.
-
Comment
Bitbank is a Japanese centralized crypto exchange. A good plus is that this exchange is registered in a well-known country. Minus - all volumes are only for the BTC/JPY pair. Moreover, trading volumes are very large. Fiat currencies include JPY, USD, and EUR. But there is no normal trading with these currencies. Bitbank is quite specific. Although you can trade cryptocurrency here too.
-
Comment
This is a dubious resource. The Bitbank exchange entices customers with cheap fees and favorable rates. But in reality, it's not like that at all. There are many hidden fees on this exchange, which you only find out about after the fact. Moreover, these fees can change, meaning the Bitbank exchange shamelessly increases fees when it suits them. I don't recommend dealing with this platform!
-
Comment
I didn't have a good experience with the Bitbank exchange. The processing of market orders is consistently delayed, and limit orders may not open at all. The exchange's website often freezes, making it impossible to access my account. Additionally, the conditions at Bitbank are not very suitable. Dealing with the Japanese currency is inconvenient, and there are excessively high fees for conversion.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.