ByBit vs FatBTC: Fees, Coins, Safety Comparison
| Feature | ByBit | FatBTC |
|---|---|---|
Overall |
4.9 |
2.2 |
3.1 |
1 |
|
5.0 |
3.0 |
|
5.0 |
2.3 |
|
Investment Instruments |
5.0 |
1.8 |
Platforms and Charting Tools |
4.9 |
2.2 |
Deposit and Withdrawal |
4.0 |
2.0 |
Research |
4.2 |
2.6 |
Education |
4.1 |
2.1 |
Support |
4.5 |
2.2 |
Bonuses |
5.0 |
2.3 |
|
Your capital is at risk.
|
Your capital is at risk.
|
ByBit vs FatBTC: 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 FatBTC cryptocurrency exchange is a multifunctional platform for exchanges, commodities, and over-the-counter cryptocurrency trading. You can trade Bitcoin (₿), Ethereum (Ξ), USDS, DOGE, dozens of other cryptocurrencies and tokens. Only the USD and EUR are presented from among the fiat currencies. The site has its proprietary FAT coin, which can be used to reduce fees by 50%. The trading fees themselves are lower than the market average of 0.2% fixed cost for most assets. In addition to the trading terminal in the browser, there is a mobile trading app. The company offers a flexible listing via its proprietary program of open partnership called the FatCloud. The referral program is standard and only one-level. Its investment direction is represented by the Piggy Bank FatBTC program.
| ByBit | FatBTC | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | loads of cryptocurrencies and tokens; the site's FAT token, which can be used to reduce trading commissions; |
| Derivatives, NFT Available | simplistic, intuitive trading terminal, plus an app for mobile trading; | |
| Zero fee spot trading | low fees — fixed at 0.2% for taker and maker (for some assets there are special conditions); | |
| Deposit Fee – 0% | the token pool is constantly updated due to free listing (you can put your coin on the platform in a few clicks); | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | it is not compulsory to pass the KYC verification to trade (but there will be a limit on the withdrawal — up to 2 BTC per day); | |
| Strong Research | the high-performance engine provides stability of the platform even under peak loads; trading is 24/7; | |
| a profitable referral program that allows you to earn 50% of your partners' fees. | ||
| Overall Cons | No tier-1 regulation | No demo accounts or specialized solutions for novice traders; |
| No Fiat Deposit and Withdrawal | No call center, you can get in touch with the technical support only through tickets, email, and the Telegram channel. |
ByBit vs FatBTC: Safety and Regulation
| Regulated By: | ByBit | FatBTC |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
No |
ByBit vs FatBTC: Trading Conditions
| Trading Conditions | ByBit | FatBTC |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
ByBit |
TradingView |
Max Leverage (Futures) |
1-100 |
44562 |
Number of Markets |
320 |
40+ |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Crypto |
Cryptos, currencies |
ByBit vs FatBTC: Fees
Trading Fees
| Fee | ByBit | FatBTC |
|---|---|---|
Max Maker |
0.1% |
0.2% |
Max Taker |
0.1% |
0.2% |
Min Maker |
0.1% |
0.2% |
Min Taker |
0.1% |
0.2% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | ByBit | FatBTC |
|---|---|---|
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 | FatBTC |
|---|---|---|
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 |
0.0007 BTC |
Inactivity Fee |
No |
No |
ByBit vs FatBTC: Trading Assets
| Asset Name | ByBit | FatBTC |
|---|---|---|
Overall |
320+ |
40+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
No |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
No |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
No |
NFT |
Yes |
No |
Crypto ETF |
No |
No |
ByBit or FatBTC: Investment Programs
| Asset Name | ByBit | FatBTC |
|---|---|---|
Staking |
Yes |
No |
Mining pool |
Yes |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Liquidity mining, Principal-Protected Investment, Guaranteed yield savings |
the Piggy Bank FatBTC program |
Trading Platforms: FatBTC or ByBit
| ByBit | FatBTC | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: FatBTC or ByBit
| ByBit | FatBTC | |
|---|---|---|
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: FatBTC or ByBit
| ByBit | FatBTC | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: FatBTC or ByBit
| ByBit | FatBTC | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: FatBTC or ByBit
| ByBit | FatBTC | |
|---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
ByBit vs FatBTC: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | FatBTC |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes |
No |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs FatBTC: Research
| Research Type | ByBit | FatBTC |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
No |
ByBit vs FatBTC: Education
| Education Type | ByBit | FatBTC |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Webinars |
No |
No |
FatBTC vs ByBit: Support
| Support Features | ByBit | FatBTC |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
No |
|
Phone |
No |
No |
Online chat |
Yes |
No |
Other |
Telegram |
Ticket |
ByBit vs FatBTC: Crypto Bonuses and Promo
| Promo | ByBit | FatBTC |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
No |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
For each active referral, the crypto-exchange will pay the partner a reward equal to 50% of trading commissions. |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on FatBTC
-
Comment
A couple of days ago, I funded my trading account with $500, for some time I increased the account to $700, but the next day there was no money in my account at all. The broker deducted all the money from the account! The support stopped getting in touch with me. Draw your own conclusions.
-
Comment
I had $700 in my account. After the weekend, I enter the trading terminal, and there are 300 bucks left on my account. I decided to check the history, it turns out that there were two unprofitable trades opened, which gobbled up most of the deposit, but I did not open these trades. FatBTC decided to help me out!
-
Comment
I have been working with FatBTC for 4 months and everything suits me. The exchange is decentralized, so the funds are stored in a cold wallet and I am calm about their safety. My personal data is protected by 2FA authentication, and the exchange itself has a good reputation for safety. There is no leverage here, so volumes cannot yet be raised beyond a 1:1 level, but you can reduce the trading commission by using the exchange token. The terminal works stably, and I have no further comments about FatBTC’s working conditions. One drawback of this crypto exchange is that it is expensive to exchange tokens here, so I use other resources for that purpose.
-
Comment
This is not a crypto exchange, but a real scam. Not only does FatBTC have a weird rate for most cryptocurrencies, it also charges a huge commission. I bought bitcoin and withdrew coins to my wallet. When I counted how much I had lost, I was horrified. Only on commission for withdrawal, I lost 15%. The FatBTC exchange is scammers!!
-
Comment
FatBTC is a reliable crypto exchange with a long experience in the digital market and an impressive trading volume. It is suitable for me as a small but stable additional income. I do not plan to trade on a large scale yet, since for this I will have to entrust my personal data to FatBTC, but to get a daily income of 30-40 bucks, it is quite okay for me. Plus, I enjoy the small commissions and the large selection of instruments. FatBTC also offers trading through its browser-based TradingView, which is as convenient and functional as possible.
Top 5 Reviews on ByBit
-
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.
-
Comment
I have never had any problems with this company. I will even say that this is the best thing that I have seen in the last year. They try to please everyone. I can only praise.
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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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!