ByBit vs eToroX: Fees, Coins, Safety Comparison
Feature | ByBit | eToroX |
---|---|---|
Overall |
4.9 |
3.9 |
3.1 |
3.5 |
|
5.0 |
2.7 |
|
5.0 |
3.2 |
|
Investment Instruments |
5.0 |
4.5 |
Platforms and Charting Tools |
4.9 |
4.5 |
Deposit and Withdrawal |
4.0 |
4.0 |
Research |
4.2 |
4.7 |
Education |
4.1 |
4.2 |
Support |
4.5 |
4.0 |
Bonuses |
5.0 |
3.6 |
Your capital is at risk.
|
ByBit vs eToroX: 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 eToroX cryptocurrency exchange was launched by its parent company—the eToro broker—in 2018. The main office of the company is located in Gibraltar. The eToroX cryptocurrency exchange ranks high in the CoinMarketCap rating and has over 19 million active accounts. The marketplace is completely unified with the main eToro platform, so clients who open an account with eToroX can use the functions of both the exchange and the broker.
ByBit | eToroX | |
---|---|---|
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% | Indicators and drawing tools | |
Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | Copy trading platform | |
Strong Research | Fully regulated broker, Regulated crypto exchange | |
Overall Cons | No tier-1 regulation | Derivatives, NFT, ETF not available |
No Fiat Deposit and Withdrawal | Not a big choice of supported cryptocurrencies | |
No bonuses | ||
High fees |
ByBit vs eToroX: Safety and Regulation
Regulated By: | ByBit | eToroX |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Gibraltar (FSC) |
ByBit vs eToroX: Trading Conditions
Trading Conditions | ByBit | eToroX |
---|---|---|
Minimum Deposit |
$1 |
$50 |
Trading Platforms |
ByBit |
Web, mobile |
Max Leverage (Futures) |
1-100 |
1:1 |
Number of Markets |
320 |
28 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Crypto |
USD, EUR, GBP, AUD, and cryptos |
ByBit vs eToroX: Fees
Trading Fees
Fee | ByBit | eToroX |
---|---|---|
Max Maker |
0.1% |
0.01 |
Max Taker |
0.1% |
0.01 |
Min Maker |
0.1% |
0.01 |
Min Taker |
0.1% |
0.01 |
Debit/Credit Card Purchase Fee |
0 |
Not supported |
Futures Trading fees
Fee | ByBit | eToroX |
---|---|---|
Max Maker |
-0.025% |
not supported |
Max Taker |
0.075% |
not supported |
Min Maker |
-0.025% |
not supported |
Min Taker |
0.075% |
not supported |
Non-Trading Fees
Fee | ByBit | eToroX |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
- |
$5 |
Debit/Credit Card Withdrawal Fee |
0 |
$5 |
BTC Withdrawal Fee |
0.0005 BTC |
- |
Inactivity Fee |
No |
No |
ByBit vs eToroX: Trading Assets
Asset Name | ByBit | eToroX |
---|---|---|
Overall |
320+ |
|
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
Yes |
No |
Crypto ETF |
No |
No |
ByBit or eToroX: Investment Programs
Asset Name | ByBit | eToroX |
---|---|---|
Staking |
Yes |
Yes |
Mining pool |
Yes |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Liquidity mining, Principal-Protected Investment, Guaranteed yield savings |
Copy Trading |
Trading Platforms: eToroX or ByBit
ByBit | eToroX | |
---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
Your capital is at risk.
|
Trading Platforms Features: eToroX or ByBit
ByBit | eToroX | |
---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: eToroX or ByBit
ByBit | eToroX | |
---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: eToroX or ByBit
ByBit | eToroX | |
---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: eToroX or ByBit
ByBit | eToroX | |
---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
ByBit vs eToroX: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | ByBit | eToroX |
---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
ByBit vs eToroX: Research
Research Type | ByBit | eToroX |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
No |
ByBit vs eToroX: Education
Education Type | ByBit | eToroX |
---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
eToroX vs ByBit: Support
Support Features | ByBit | eToroX |
---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
Telegram |
No |
ByBit vs eToroX: Crypto Bonuses and Promo
Promo | ByBit | eToroX |
---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
No |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
For each new eligible user who joins through the referral link and deposits at least $100, you and the invitee will receive a $30 reward from eToroX. |
Your capital is at risk.
|
Top 5 Reviews on eToroX
-
Comment
eToroX is a good crypto company. Withdrawals take about 30 minutes. I don’t withdraw often, but the money always comes within the specified time. The support works great — if there are problems, they will definitely help you.
-
Comment
I've been trading with eToroX for more than 2 months, and everything seems fine. I was generally new to crypto trading, but the broker’s manager helped me, and is still helping me. I’m doing pretty well, I’ve even withdrawn profits.
-
Comment
Made 800 bucks in eToroX last month, that's the result for me. But I didn’t just make money, and I was able to withdraw successfully) I want to advise this company to those who want to really trade in the foreign exchange market. I warn you that the broker is not perfect, everything happens, like everyone else. The main thing is honesty!
-
Comment
The initial deposit on the platform is really big, but I still decided to try cooperation with this cryptocurrency exchange. As the saying goes, those who do not take risks do not drink champagne. I have been using eToroX for the second year already, and am satisfied. In addition to comfortable trading conditions, I would like to mention the Invite a Friend affiliate program. It is relevant for both the broker and the exchange. They pay $50 for each referral. I easily find several leads a month, since the broker and the exchange are proven, people willingly register here.
-
Comment
I agree 100% that the platform for the social platform is great! The service has all the latest news from the world of cryptocurrencies, which allows you to quickly navigate the current situation and make a decision regarding the execution of transactions. And, of course, I must say that copy trading is a handy thing, especially for newbies like me. You can get acquainted with the statistics on transactions and it is easy to find a trader who is profitable to follow. I have been trading on this platform for the second year now, and am not going to go to another exchange.
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.