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 chose Bybit for the ability to work with different order types and risk management. I often use stops and take-profits, and everything works fine here. My deposit was 800 USDT, and I traded futures with moderate leverage. A few trades closed in loss, a few in profit, and the overall result was almost zero. The platform didn’t get in the way, which is already a plus.
-
Comment
I was looking for an exchange with a user-friendly mobile app so I could manage trades not just from a PC. Bybit’s app turned out to be functional, almost like the web version. I registered, completed basic verification, and deposited around 300 USDT. I traded spot, without leverage. Profits were small, around 25 USDT over two weeks. For me, it’s more of a practical tool than anything outstanding.
-
Comment
I considered Bybit as an alternative to my main exchange to diversify risks. I was interested in the hedging tools and perpetual futures. I started with the demo mode, then deposited 1,000 USDT. I mainly traded BTCUSDT and SOLUSDT. I liked the execution speed and the terminal’s stability during high-volatility periods. After a month, I ended up almost even, with a modest gain of around 12%, and experienced no major issues.
-
Comment
Bybit — один из самых известных криптовалютных брокеров и биржевых сервисов в мире цифровых активов. За последние годы платформа заметно выросла, расширила функционал и превратилась из площадки для деривативов в полноценную экосистему для трейдинга, инвестирования и хранения криптовалюты. Первое, что бросается в глаза — это удобство интерфейса. Платформа выглядит современной, логично структурированной и подходит как для начинающих, так и для продвинутых трейдеров. Навигация интуитивная, а торговый терминал предоставляет все необходимые инструменты для анализа: графики TradingView, индикаторы, различные типы ордеров, настройку плеча и риск-менеджмента. Bybit предлагает широкий выбор инструментов: спотовая торговля, фьючерсы, бессрочные контракты, опционы, копитрейдинг, стейкинг, launchpad-проекты и earn-программы. Это делает платформу универсальной — здесь можно не только активно торговать, но и инвестировать более консервативно. Отдельно стоит отметить высокую ликвидность и скорость исполнения ордеров. Проскальзывания минимальны, особенно на популярных торговых парах. Для активных трейдеров это критически важный фактор. Комиссии у Bybit конкурентные и ниже среднерыночных, особенно при использовании токена платформы или при больших торговых объемах. Система уровней VIP дополнительно снижает издержки для активных пользователей. Также стоит отметить мобильное приложение — оно стабильное, быстрое и функционально почти не уступает десктопной версии. Поддержка работает достаточно оперативно, а база знаний и обучающие материалы помогают быстрее освоиться на платформе.
-
Comment
I registered on Bybit primarily for derivatives and the ability to trade with leverage. Before that, I was trading spot on another exchange. Here, I opened a Unified Trading Account to avoid confusion between balances. I tested both spot and futures trading, with turnover of around 15–20 thousand USDT over a couple of weeks. Fees were standard, nothing unexpected. I didn’t make much profit, about 70 USDT, but overall the platform left a neutral impression.
Top 5 Reviews on Bitbank
-
Comment
I appreciated the security at Bitbank: the website states that funds are stored in cold wallets (cold storage), two-factor authentication (2FA) is used, and the company is regulated by the Japanese Financial Services Agency (FSA). This builds trust, especially when trading larger amounts. With a turnover of around ¥4,000,000, making a profit of +¥200,000 is a pleasant experience when trading in a reliable environment.
-
Comment
One of the advantages of using Bitbank was the mobile version and app: I could open trades on my phone and close them on my PC without losing positions. With a deposit of about $500, my trading volume reached around ¥800,000, with a profit of +¥40,000. The interface is responsive, and switching between trading pairs is fast. Bitbank shows that their mobile trading can be both convenient and efficient.
-
Comment
I liked that Bitbank offers a wide selection of cryptocurrencies and pairs, especially against the Japanese yen (JPY). I traded ETH/JPY, XRP/JPY, and LTC/JPY — turnover around ¥3,000,000, profit about ¥180,000. The liquidity on JPY pairs, as I observed, is good — entering and exiting trades is fast, and slippage is minimal. Bitbank clearly focuses on the local market and makes it convenient for those working with yen.
-
Comment
What I liked about Bitbank is that deposits are free of any fees — you can fund your account without losing money to the platform. I deposited JPY via bank transfer, then traded several cryptocurrencies with a turnover of around ¥2,000,000, earned a profit of ¥150,000, and was able to withdraw the funds. This makes it easy to start trading on Bitbank without “losing money on entry.”
-
Comment
I first learned about Bitbank as a Japanese exchange with a solid reputation, and I immediately appreciated that the maker fee is –0.02%, meaning you actually receive a rebate for placing limit orders, while the taker fee is 0.12%. I made a series of trades on the BTC/JPY pair with a total volume of around ¥1,500,000 (approximately $10,000) and earned a profit of about +¥120,000 (around $800) after accounting for fees. The “get paid as a maker” feature makes Bitbank especially appealing to those who prefer a “provide liquidity” trading strategy.
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.
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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.
