ByBit vs Cryptohopper: Fees, Coins, Safety Comparison

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Feature ByBit Cryptohopper

Overall

4.9

3.8

Regulation

3.1

1

Fees

5.0

4.7

Trading Assets

5.0

4.4

Investment Instruments

5.0

4.2

Platforms and Charting Tools

4.9

4.3

Deposit and Withdrawal

4.0

3.7

Research

4.2

4.1

Education

4.1

3.5

Support

4.5

3.7

Bonuses

5.0

4.4

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ByBit vs Cryptohopper: 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.

CryptoHopper is a multi-purpose platform that combines its hub functions, copying service, social trading, and an investment portfolio management service. The CryptoHopper terminal trades in Bitcoin, Ethereum, Litecoin, and dozens of other cryptocurrencies and tokens, which are presented on partner exchanges. The one-of-a-kind system stands out for the presence of free-of-charge trading bots where you can create and test your bots. The platform also provides an emulator of exchange strategies. There is also an in-depth training system.

ByBit Cryptohopper
Overall Pros Trading With Leverage up to 1:100 cryptocurrencies can be traded on any of the partner exchanges from CryptoHopper’s terminal;
Derivatives, NFT Available no fees or fixed payments for using the service;
Zero fee spot trading profitable partnership and investment program;
Deposit Fee – 0% service for copying transactions and auto-trading bots;
Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment a vast selection of instruments;
Strong Research synchronization of accounts on diverse exchanges;
large trading volumes.
Overall Cons No tier-1 regulation free mode is extremely limited in functionality.
No Fiat Deposit and Withdrawal

ByBit vs Cryptohopper: Safety and Regulation

Regulated By: ByBit Cryptohopper

SEC

No

No

FINRA

No

No

SIPC Protection

No

No

Other Regulators

No

No

ByBit vs Cryptohopper: Trading Conditions

Trading Conditions ByBit Cryptohopper

Minimum Deposit

$1

$1

Trading Platforms

ByBit

Cryptohopper

Max Leverage (Futures)

1-100

44835

Number of Markets

320

500+

Trading Accounts

1

1

Base Account Currencies

Crypto

Cryptocurrencies, Fiat currencies

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ByBit vs Cryptohopper: Fees

Trading Fees

Fee ByBit Cryptohopper

Max Maker

0.1%

0

Max Taker

0.1%

0

Min Maker

0.1%

0

Min Taker

0.1%

0

Debit/Credit Card Purchase Fee

0

0

Futures Trading fees

Fee ByBit Cryptohopper

Max Maker

-0.025%

0

Max Taker

0.075%

0

Min Maker

-0.025%

0

Min Taker

0.075%

0

Non-Trading Fees

Fee ByBit Cryptohopper

Account Fee

No

Pioneer - 0%; Explorer $16.58/mo; Adventurer $41.58/mo; Hero $83.25/mo

Deposit Fee

No

No

Bank Transfer Withdrawal Fee

-

Not supported

Debit/Credit Card Withdrawal Fee

0

0

BTC Withdrawal Fee

0.0005 BTC

0

Inactivity Fee

No

No

ByBit vs Cryptohopper: Trading Assets

Asset Name ByBit Cryptohopper

Overall

320+

500+

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

Yes

Crypto ETF

No

No

ByBit or Cryptohopper: Investment Programs

Asset Name ByBit Cryptohopper

Staking

Yes

No

Mining pool

Yes

No

Managed Accounts

No

No

MAM/PAMM

No

No

Other

Liquidity mining, Principal-Protected Investment, Guaranteed yield savings

Automatic Trading, Social Trading,

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Trading Platforms: Cryptohopper or ByBit

ByBit Cryptohopper

Web

Yes

Yes

Desktop

No

Yes

Mobile (Android, iOS)

Yes

Yes

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Open an account

Your capital is at risk.

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Your capital is at risk.

Trading Platforms Features: Cryptohopper or ByBit

ByBit Cryptohopper

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: Cryptohopper or ByBit

ByBit Cryptohopper

Indicators

Yes

Yes

Drawing tools

Yes

Yes

Historical Trades

Yes

Yes

Live 2 Quotes

Yes

Yes

Mobile trading: Cryptohopper or ByBit

ByBit Cryptohopper

iOS Version

Yes

Yes

Android Version

Yes

Yes

Apple Watch App

No

No

Touch ID

No

No

Face ID

No

No

Types of orders: Cryptohopper or ByBit

ByBit Cryptohopper

Market

Yes

Yes

Limit

Yes

Yes

Stop Loss

Yes

Yes

Stop Limit

No

Yes

Trailing Stop

No

Yes

ByBit vs Cryptohopper: Deposit and Withdrawal Methods

Deposit and Withdrawal Method ByBit Cryptohopper

Bank Transfer

No

No

Credit/Debit Card

Yes

Yes

Electronic Wallets

Yes

Yes

Crypto

Yes

Yes

ByBit vs Cryptohopper: Research

Research Type ByBit Cryptohopper

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

Yes

Trading Ideas

No

Yes

E-Mail Reports

Yes

No

ByBit vs Cryptohopper: Education

Education Type ByBit Cryptohopper

Demo-account/Paper Trading

No

No

Courses

No

No

Articles

Yes

Yes

Videos

Yes

Yes

Webinars

No

No

Cryptohopper vs ByBit: Support

Support Features ByBit Cryptohopper

Working Days

24/7

24/7

E-mail

Yes

Yes

Phone

No

No

Online chat

Yes

No

Other

Telegram

Request form

ByBit vs Cryptohopper: Crypto Bonuses and Promo

Promo ByBit Cryptohopper

Crypto Bonus

Complete tasks and get up to $580

30% Sign up Bonus Hero Pro Cryptohopper Subscription, temporary bonus offers

Affiliate Program

$20 per invited user, up to $50 deposit bonus

CryptoHopper offers a flexible affiliate program based on getting a referral link to invite users. It is available to any verified trader. A user who has registered on the platform using TU’s referral link will bring you income by trading on partner exchanges. The benefits are: up to 15% from each payment of your referral; $1.9 per referral fee for whoever bought the ExplorerHopper package; $4.9 per referral fee for whoever purchased the Adventure Hopper package; $9.9 per referral fee for whoever bought the HeroHopper package.

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Your capital is at risk.

Top 5 Reviews on Cryptohopper

  • Cryptohopper

    achogeorge

    16.03.2024

    Comment

    If you want to automatically trade cryptocurrencies, Cryptohopper is a good option. It has both ready-made robot programs and a constructor that helps traders independently create a trading program for automatic opening of orders when trading cryptocurrencies. And here a lot will depend on the trader’s strategy. That's why I chose Cryptohopper.

  • Cryptohopper

    rexleon

    24.02.2024

    Comment

    I think that they shouldn’t write negative reviews of Cryptohopper. Indeed, this is not a standard cryptocurrency exchange. But there are good opportunities for automatic trading on different exchanges. Trading programs are created based on templates. If you have no trading experience, you can use a ready-made trading advisor. Nobody says it is safe and 100% profitable. Everything is like ordinary trading.

  • Cryptohopper

    kishoxxx

    04.02.2024

    Comment

    It is better not to start working with cryptohopper. It’s a terrible platform for exchange or trading, everything here works with problems. And cryptohopper charges a large fee for such services. The exchange administration claims that they do not charge a deposit fee. But when I entered USDT 600, I only received 570. And the rest of the money, according to support, was withheld as a fee. So this is how they deceive traders here.

  • Cryptohopper

    jayakanthi

    11.01.2024

    Comment

    Tried trading with Cryptohopper's robots and realized that I made a big mistake. You cannot trust third-party software when you are trading and using your own money, especially when it comes to cryptocurrency trading. The robot programs at Cryptohopper are not the cheapest, and you can only test them by fully paying for the rental. As a result, I lost money both in renting and in trading with the robots.

  • Cryptohopper

    leiijinh

    21.12.2023

    Comment

    I can confidently say that Cryptohopper is a scam. I don't know what kind of trading bot designer the company offers. I used to rent trading bots that they designed. By the way, I was immediately offered ready-made programs for trading. And it was these Cryptohopper bots that led me to lose almost BTC 0.38. Of course, no one returned my money to me.

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Top 5 Reviews on ByBit

  • Bybit

    abdullahxmalik333@gmail.com

    29.04.2024

    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.

  • Bybit

    pavel.orlov.web@gmail.com

    03.04.2024

    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.

  • Bybit

    Networkmarketer914@gmail.com

    19.03.2024

    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

  • Bybit

    risham

    16.01.2024

    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!

  • Bybit

    adamadji

    17.11.2023

    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
Author at Traders Union

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
Author and editor at Traders Union

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.