ByBit vs Crypto.com: Fees, Coins, Safety Comparison
| Feature | ByBit | Crypto.com |
|---|---|---|
Overall |
4.9 |
4.2 |
3.1 |
3.5 |
|
5.0 |
4.2 |
|
5.0 |
4.7 |
|
Investment Instruments |
5.0 |
3.7 |
Platforms and Charting Tools |
4.9 |
4.4 |
Deposit and Withdrawal |
4.0 |
3.0 |
Research |
4.2 |
4.4 |
Education |
4.1 |
3.8 |
Support |
4.5 |
4.0 |
Bonuses |
5.0 |
3.5 |
|
Your capital is at risk.
|
Your capital is at risk.
|
ByBit vs Crypto.com: 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.
Crypto.com is a crypto exchange where traders can invest, trade, and stake cryptocurrencies. The platform also has an NFT market and other notable features. Allowing users to trade over 200 cryptocurrencies, the platform has reasonable commission fees and offers discounts to traders who hold a significant share of the native token called CRO.
| ByBit | Crypto.com | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | 2 FA Authentication |
| Derivatives, NFT Available | Low Minimum Deposit | |
| Zero fee spot trading | Passive Income With Staking | |
| Deposit Fee – 0% | Wide choice of markets | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | Max Leverage – 1:10 | |
| Strong Research | Derivatives, NFTs are Available | |
| Overall Cons | No tier-1 regulation | Uncertain regulation in the US |
| No Fiat Deposit and Withdrawal | High derivatives trading fees |
ByBit vs Crypto.com: Safety and Regulation
| Regulated By: | ByBit | Crypto.com |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Electronic Money Institution (EMI) License from the Malta Financial Services Authority (MFSA) |
ByBit vs Crypto.com: Trading Conditions
| Trading Conditions | ByBit | Crypto.com |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
ByBit |
Web, Mobile, Mobile Pro |
Max Leverage (Futures) |
1-100 |
1:10 |
Number of Markets |
320 |
169 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Crypto |
Crypto |
ByBit vs Crypto.com: Fees
Trading Fees
| Fee | ByBit | Crypto.com |
|---|---|---|
Max Maker |
0.1% |
0.4% |
Max Taker |
0.1% |
0.4% |
Min Maker |
0.1% |
0.04% |
Min Taker |
0.1% |
0.1% |
Debit/Credit Card Purchase Fee |
0 |
Not supported |
Futures Trading fees
| Fee | ByBit | Crypto.com |
|---|---|---|
Max Maker |
-0.025% |
0.05% |
Max Taker |
0.075% |
0.07% |
Min Maker |
-0.025% |
0 |
Min Taker |
0.075% |
0.015% |
Non-Trading Fees
| Fee | ByBit | Crypto.com |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
- |
0 |
Debit/Credit Card Withdrawal Fee |
0 |
Not supported |
BTC Withdrawal Fee |
0.0005 BTC |
- |
Inactivity Fee |
No |
No |
ByBit vs Crypto.com: Trading Assets
| Asset Name | ByBit | Crypto.com |
|---|---|---|
Overall |
320+ |
|
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
For non US Users |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto ETF |
No |
No |
ByBit or Crypto.com: Investment Programs
| Asset Name | ByBit | Crypto.com |
|---|---|---|
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: Crypto.com or ByBit
| ByBit | Crypto.com | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Crypto.com or ByBit
| ByBit | Crypto.com | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
Yes |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Crypto.com or ByBit
| ByBit | Crypto.com | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
No |
Mobile trading: Crypto.com or ByBit
| ByBit | Crypto.com | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
Yes |
Face ID |
No |
Yes |
Types of orders: Crypto.com or ByBit
| ByBit | Crypto.com | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
ByBit vs Crypto.com: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | Crypto.com |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
No |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs Crypto.com: Research
| Research Type | ByBit | Crypto.com |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
No |
ByBit vs Crypto.com: Education
| Education Type | ByBit | Crypto.com |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
No |
Crypto.com vs ByBit: Support
| Support Features | ByBit | Crypto.com |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
Telegram |
No |
ByBit vs Crypto.com: Crypto Bonuses and Promo
| Promo | ByBit | Crypto.com |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
Deposit Bonus |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Crypto.com
-
Comment
Crypto.com has a lack of transparency regarding certain features and promotions, leading to confusion and mistrust among clients. Crypto.com may offer some attractive features and services, but these problems with customer support, fee transparency, and communication detract from its appeal as a crypto exchange.
-
Comment
In the course of my activity as an investor and financier, I came across different crypto exchanges. They have become very popular during the past three years. I have an account with the Crypto.com exchange. There are many advantages and disadvantages. In terms of cryptocurrency trading, there are companies with better conditions. In the investment space, Crypto.com has gone further and created some good opportunities. I would rate the activities and conditions of the exchange as "normal".
-
Comment
My acquaintance with the Crypto.com exchange began six months ago. I mainly traded with various Forex brokers and did not think about switching to cryptocurrency. But I saw how the bitcoin rate has changed over the past few years and decided to try crypto trading. I opened an account on the exchange and passed a difficult verification. Then I transferred my Bitcoins here and started trading. I must say that in all the time I have not encountered any failures in the trading platform. As far as I understand, they use the TradingView terminal here, and it is famous for being a fast and stable terminal. I withdrew funds once and the money came very quickly.
-
Comment
I read reviews that Crypto.com does not withdraw funds and blocks accounts. I was greatly outraged by such an outright lie. I have been trading on the stock exchange for the second year, and there has never been such a case where it blocked my withdrawals. True, a couple of times there were delays in payments. But technical support never refused to accept my claims and did not ignore my requests. And the last time, when payments came late, I was credited with 100 CRO as compensation. So I want to say that the Crypto.com exchange is not a scam in any way.
-
Comment
Recently, I have been looking for an opportunity to invest on the internet. The risk of running into scammers is great, but the risk is worth it. I had about 1 BTC on my wallet. I just wanted to exchange crypto for fiat and came to the Crypto.com exchange. That’s when I discovered the possibilities of passive investing. Using the CRO token, I believe, is a very good opportunity not only to store the crypto but also to generate income. Therefore, I studied the history of the Crypto.com exchange, its reviews, and registered. I had to go through verification to get access to all the features. So far, I have just started cooperation with the exchange, we'll see how it goes.
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.