ByBit vs CoinDCX: Fees, Coins, Safety Comparison
| Feature | ByBit | CoinDCX |
|---|---|---|
Overall |
4.9 |
2.2 |
3.1 |
1 |
|
5.0 |
2.7 |
|
5.0 |
2.8 |
|
Investment Instruments |
5.0 |
2.1 |
Platforms and Charting Tools |
4.9 |
2.4 |
Deposit and Withdrawal |
4.0 |
2.2 |
Research |
4.2 |
2.5 |
Education |
4.1 |
2.1 |
Support |
4.5 |
1.7 |
Bonuses |
5.0 |
2.2 |
|
Your capital is at risk.
|
ByBit vs CoinDCX: Pros and Cons
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.
The CoinDCX exchange is a platform for spot, margin, and futures trading using cryptocurrencies and tokens. CoinDCX’s clients have access to Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, AAVE, NEO, PAX, and many other assets. Only Indian rupees are represented as fiat currency. The leverage for the spot is x6 and x20 for margin trading. Fees for trades are determined by the volume of trades. The largest fee is 0.1% for taker/maker. The exchange offers several options for investing in cryptocurrencies, including staking and lending in addition to cryptocurrency trading. There is a referral program with fixed payments for each partner. An exchange feature is its proprietary academy with an extensive database and guides, including video courses on cryptocurrency trading.
| ByBit | CoinDCX | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | the most popular cryptocurrencies and coins are present; |
| Derivatives, NFT Available | significant leverage for spot and margin; | |
| Zero fee spot trading | all major cryptocurrencies are traded on the exchange; | |
| Deposit Fee – 0% | simple and functional TradingView terminal; | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | proprietary applications for mobile trading; | |
| Strong Research | low commission fees (up to 0.04/0.06% for maker/taker); | |
| several options for investing in cryptocurrency; | ||
| convenient investment system with a customizable portfolio; | ||
| high levels of security; | ||
| Overall Cons | No tier-1 regulation | only Indian rupees are represented in the range of fiats; |
| No Fiat Deposit and Withdrawal | demo accounts are not available; |
ByBit vs CoinDCX: Safety and Regulation
| Regulated By: | ByBit | CoinDCX |
|---|---|---|
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 |
Yes |
No |
Other countries |
Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan |
India |
ByBit vs CoinDCX: Trading Conditions
| Trading Conditions | ByBit | CoinDCX |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
1000 INR |
Futures leverage |
100 |
20 |
Spot leverage |
10 |
6 |
Supported Coins |
638 |
200 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
1 |
1 |
ByBit vs CoinDCX: Fees
| Fee | ByBit | CoinDCX |
|---|---|---|
Spot Taker fee |
0,1 |
0,2 |
Spot Maker fee |
0,1 |
0,2 |
Futures Taker fee |
0,055 |
0,07 |
Futures Maker fee |
0,02 |
0,025 |
Deposit fee |
No |
No |
Withdrawal fee |
0,000111 ВТС 0,0015 ETH (ERC20) |
0,001 BTC |
P2P taker fee |
No |
0,2 |
P2P fee rate, maker fee |
No |
0,2 |
ByBit vs CoinDCX: Trading Assets
| Asset Name | ByBit | CoinDCX |
|---|---|---|
Coins Supported |
638 |
200 |
P2P |
Yes |
Yes |
Perpetual contracts |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
Yes |
No |
Futures |
Yes |
Yes |
ByBit or CoinDCX: Investment Programs
| Asset Name | ByBit | CoinDCX |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yield farming |
No |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: CoinDCX or ByBit
| ByBit | CoinDCX | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: CoinDCX or ByBit
| ByBit | CoinDCX | |
|---|---|---|
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: CoinDCX or ByBit
| ByBit | CoinDCX | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: CoinDCX or ByBit
| ByBit | CoinDCX | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: CoinDCX or ByBit
| ByBit | CoinDCX | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
ByBit vs CoinDCX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | CoinDCX |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes (Only deposit) |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs CoinDCX: Research
| Research Type | ByBit | CoinDCX |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
No |
ByBit vs CoinDCX: Education
| Education Type | ByBit | CoinDCX |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Webinars |
No |
No |
CoinDCX vs ByBit: Support
| Support Features | ByBit | CoinDCX |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
Telegram |
No |
ByBit vs CoinDCX: Crypto Bonuses and Promo
| Promo | ByBit | CoinDCX |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
Bug Bounty program |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
Each user who follows this link and actively trades on the exchange will bring you ₮25 (USDT). |
|
Your capital is at risk.
|
Top 5 Reviews on CoinDCX
-
Comment
coindcx is a normal crypto broker, although not very popular. It should run an advertising campaign to have more clients. coindcx has something to show. The performance of the platform is something that few companies can boast of. The conditions may not be the most favorable, but they are acceptable. I have already traded with it enough to understand that my choice is right. The broker is honest.
-
Comment
I switched to CoinDCX from another broker, for some reason I decided that this is a great company. As a result: the trading platform works disgustingly, there are hidden commissions when withdrawing money, and in general, the withdrawal takes a long time. I can't say enough good things about this company.
-
Comment
For the CoinDCX company, I can note that it was opened for money laundering in the cryptocurrency market. There are already so many reviews about CoinDCX that it would be simply disrespectful to yourself not to bypass this broker.
-
Comment
Initially, I came to the CoinDCX cryptocurrency exchange for active trading. There is a large selection of digital currencies and tokens, as well as low commissions for makers and takers. However, then I discovered that this company also offers earnings on loans. You can lend digital currencies to your colleagues and get up to 10% interest. Alternatively, CoinDCX also offers staking, but the rate will be lower there. The company expects long-term cooperation with its investors, therefore, it works honestly.
-
Comment
CoinDCX doesn't just offer tutorials for beginners and professionals, there are really smart articles and guides here. I think that it was thanks to this and the client-oriented policy of the company that I did not lose my deposit. You can rely on the support. The staff of the brokerage organization helped me sort out both trading on the site and investment opportunities. The exchange has made sure that traders are comfortable working with it. I am ready to recommend this trading platform to others.
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.
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.