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 |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
ByBit vs CoinDCX: Trading Conditions
| Trading Conditions | ByBit | CoinDCX |
|---|---|---|
Minimum Deposit |
$1 |
100 INR |
Trading Platforms |
ByBit |
TradingView |
Max Leverage (Futures) |
1-100 |
1-20 |
Number of Markets |
320 |
250+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Crypto |
Cryptocurrencies, INR |
ByBit vs CoinDCX: Fees
Trading Fees
| Fee | ByBit | CoinDCX |
|---|---|---|
Max Maker |
0.1% |
0.200% |
Max Taker |
0.1% |
0.200% |
Min Maker |
0.1% |
0.040% |
Min Taker |
0.1% |
0.060% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | ByBit | CoinDCX |
|---|---|---|
Max Maker |
-0.025% |
0.200% |
Max Taker |
0.075% |
0.200% |
Min Maker |
-0.025% |
0.040% |
Min Taker |
0.075% |
0.060% |
Non-Trading Fees
| Fee | ByBit | CoinDCX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
- |
Not supported |
Debit/Credit Card Withdrawal Fee |
0 |
Not supported |
BTC Withdrawal Fee |
0.0005 BTC |
0.0005 BTC |
Inactivity Fee |
No |
No |
ByBit vs CoinDCX: Trading Assets
| Asset Name | ByBit | CoinDCX |
|---|---|---|
Overall |
320+ |
250+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
No |
NFT |
Yes |
No |
Crypto ETF |
No |
No |
ByBit or CoinDCX: Investment Programs
| Asset Name | ByBit | CoinDCX |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
Yes |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Liquidity mining, Principal-Protected Investment, Guaranteed yield savings |
No |
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
Bybit educational resources have really helped my early career in crypto trading. The trainings from videos, and seminars is helping me learn how to make more informed decisions on traders. Also guides to trading in bear markets, how to protect your account, a guide to MT4 crypto trading, are informative and I am really improving as a trader. There is also the ByBit Learn portal which is where I got to learn how to use the platform. The demo trading interface is rich and friendly but it took me time to carefully identify each feature. Although I don’t know how some of these indicators work for now but I know I will over time.
-
Comment
The Bybit designed for every level of crypto traders. the simple user interface has been helpful. I only have one concern but I cannot say it is an issue at the moment. This has to do with when i reached out with the customer care to inquire if i can trade futures. The response that i can trade a range of USDC-settled contracts including both USDC Perpetual and USDC Futures Contracts came, but when it did i was off my screen and attending to other things. Can't say if the slow response is due to network or other external issues. I don't know if it is too early to conclude that the customer service is slow.
-
Comment
Guys, it is normal to see trading as a game of chance. Nonetheless, iif you can learn how to use analyze financial markets using tools like line charts, indicators, and other trading tools, you will minimize the rate at which you lose out on profitable trades when you trade with real money. When you register on a platform like Bybit, get familiar with the various trading tools available and how to use them. There are also useful tools you can use to see what will happen if a trade goes your way or against you. Just like the one tool I use daily before I open a trade position which is the pre order calculator. I use this tool to calculate and know the possible profit and loss and ROI if I open trade with any strategy I created
-
Comment
At first I doubted whether to work with Bybit. The conditions here are favorable, but I was still afraid to work with the company I knew nothing about. But I decided to try with small amounts and realized that the broker works well. The money was withdrawn quickly and the fee was minimal, so I stopped being afraid. I’ve been a grateful client of this company for six months now!
-
Comment
I was looking for a reliable exchange and paid attention to Bybit, which has long been on the market and has a good reputation. My friend, who has been trading on Bybit for many years, also recommended this company. Now, after a few years I consider myself a more experienced trader and I am sure that I chose the right one. I am pleased with Bybit’s work, although the income is not too high, but stable. Withdrawals are very fast, but everything depends on the chosen payment system.
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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.