ByBit vs PaxFul: Fees, Coins, Safety Comparison
| Feature | ByBit | PaxFul |
|---|---|---|
Overall |
4.9 |
4.1 |
3.1 |
3.9 |
|
5.0 |
4.5 |
|
5.0 |
3.2 |
|
Investment Instruments |
5.0 |
4.1 |
Platforms and Charting Tools |
4.9 |
3.4 |
Deposit and Withdrawal |
4.0 |
5.0 |
Research |
4.2 |
2.5 |
Education |
4.1 |
5.0 |
Support |
4.5 |
3.9 |
Bonuses |
5.0 |
2.0 |
|
Your capital is at risk.
|
ByBit vs PaxFul: 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 Paxful exchange is a peer-to-peer trading platform for Bitcoin, Tether, and Ethereum trading instruments. There are over 350 ways to buy and sell these cryptocurrencies. The company has its offices in 21 countries and has almost 5 million active users. A free cryptocurrency wallet, which is provided when registering on the exchange, is among the distinctive features. The security system is based on a safekeeping account, where the funds of the seller and the buyer shall be reserved to avoid the dishonesty of one of the parties.
| ByBit | PaxFul | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | Low P2P fees |
| Derivatives, NFT Available | The platform is fully localized and translated into 21 languages | |
| Zero fee spot trading | Hundreds payment methods, from bank transfers to e-wallets; | |
| Deposit Fee – 0% | Over 12 thousand reliable sellers and buyers | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | Free Bitcoin wallet with BitGo is enabled; | |
| Strong Research | Pafull pay for business | |
| You change Bitcoin for any services and goods | ||
| Overall Cons | No tier-1 regulation | Limited number of suported coins - only ETH, BTC, USDT |
| No Fiat Deposit and Withdrawal | Limited analytics and educatioin |
ByBit vs PaxFul: Safety and Regulation
| Regulated By: | ByBit | PaxFul |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
Yes |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
Yes |
No |
Other countries |
Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan |
ByBit vs PaxFul: Trading Conditions
| Trading Conditions | ByBit | PaxFul |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
10 |
Futures leverage |
100 |
|
Spot leverage |
10 |
1 |
Supported Coins |
750+ |
15 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
1 |
0 |
ByBit vs PaxFul: Fees
| Fee | ByBit | PaxFul |
|---|---|---|
Spot Taker fee |
0.1 |
No |
Spot Maker fee |
0.1 |
No |
Futures Taker fee |
0.055 |
No |
Futures Maker fee |
0.02 |
No |
Deposit fee |
No |
No |
Withdrawal fee |
0.000111 ВТС 0.0015 ETH (ERC20) |
No |
P2P taker fee |
No |
No |
P2P fee rate, maker fee |
No |
1 |
ByBit vs PaxFul: Trading Assets
| Asset Name | ByBit | PaxFul |
|---|---|---|
Coins Supported |
750+ |
15 |
P2P |
Yes |
Yes |
Perpetual contracts |
Yes |
No |
NFT |
Yes |
No |
Crypto Options |
Yes |
No |
Futures |
Yes |
No |
ByBit or PaxFul: Investment Programs
| Asset Name | ByBit | PaxFul |
|---|---|---|
Staking |
Yes |
No |
Copy trading |
Yes |
No |
Yield farming |
No |
No |
Affiliate program |
Yes |
Yes |
Trading Platforms: PaxFul or ByBit
| ByBit | PaxFul | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: PaxFul or ByBit
| ByBit | PaxFul | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: PaxFul or ByBit
| ByBit | PaxFul | |
|---|---|---|
Indicators |
Yes |
not supported |
Drawing tools |
Yes |
not supported |
Historical Trades |
Yes |
not supported |
Live 2 Quotes |
Yes |
not supported |
Mobile trading: PaxFul or ByBit
| ByBit | PaxFul | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: PaxFul or ByBit
| ByBit | PaxFul | |
|---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
ByBit vs PaxFul: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | PaxFul |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
ByBit vs PaxFul: Research
| Research Type | ByBit | PaxFul |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
No |
ByBit vs PaxFul: Education
| Education Type | ByBit | PaxFul |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
PaxFul vs ByBit: Support
| Support Features | ByBit | PaxFul |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
Telegram |
No |
ByBit vs PaxFul: Crypto Bonuses and Promo
| Promo | ByBit | PaxFul |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
No |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
Up to 50% of refferall trading fees |
|
Your capital is at risk.
|
Top 5 Reviews on PaxFul
-
Comment
I traded on Paxful with a weekly volume of about 0.02 BTC, mainly buying and selling Bitcoin using bank transfers and gift cards. When I found out about the closure, I immediately withdrew my remaining balance. The withdrawal went smoothly, and all funds arrived safely. Trading conditions were straightforward: choose an offer, make the payment, and receive your crypto. Although the shutdown was inconvenient, it was helpful that Paxful notified users in advance and allowed enough time to withdraw funds.
-
Comment
My experience with Paxful has been negative, marred by unreliable customer support, security concerns, and high fees. The lack of protection for users' assets is unacceptable and undermines trust in the platform as a safe and reliable marketplace for buying and selling cryptocurrencies. As a client, I cannot in good conscience recommend Paxful to others, and I would advise anyone considering using the platform to proceed with caution and explore alternative options that offer a more reliable and user-friendly experience.
-
Comment
I opened a mini account in this scam, worked out a strategy and what a blessing that I first decided to test the withdrawal technology before opening a normal trading account. Now I put everything that was there on the withdrawal, namely $ 500! They can't even return the money!
-
Comment
Initially, I did not plan to trade on Paxful for a long time, it was interesting to try and compare the conditions with my then exchange. I registered, quickly passed the verification (so that, if anything, quickly withdraw the deposit) and replenished the account. There is no demo, but it is not needed with such and such minimum requirements: just a dollar is enough to deposit. On the plus side, there are many ways to replenish. But the base currency here is XBT, and I had to get confused. In terms of trade - an average option. I would not say that Paxful is very different from its competitors. There are really no analytics, and trading here is mainly due to three cryptocurrencies. Three! I won’t say that Paxful is a bad exchange, but I didn’t find anything interesting here for myself.
-
Comment
I believe that Paxful does not reach the solid top five. Although the crypto exchange offers loyal conditions for trading (a starting deposit of $ 1, a commission only for the sale of coins, etc.), there is a huge variety of payment channels, but there are also significant disadvantages. Here I have a question: why does this P2P platform expand the range of services, add all sorts of features like a bitcoin kiosk or a multi-level affiliate program, and there are only three cryptocurrencies for buying/selling? I have never seen such a poor choice on any other site.
Top 5 Reviews on ByBit
-
Comment
I chose Bybit for the ability to work with different order types and risk management. I often use stops and take-profits, and everything works fine here. My deposit was 800 USDT, and I traded futures with moderate leverage. A few trades closed in loss, a few in profit, and the overall result was almost zero. The platform didn’t get in the way, which is already a plus.
-
Comment
I was looking for an exchange with a user-friendly mobile app so I could manage trades not just from a PC. Bybit’s app turned out to be functional, almost like the web version. I registered, completed basic verification, and deposited around 300 USDT. I traded spot, without leverage. Profits were small, around 25 USDT over two weeks. For me, it’s more of a practical tool than anything outstanding.
-
Comment
I considered Bybit as an alternative to my main exchange to diversify risks. I was interested in the hedging tools and perpetual futures. I started with the demo mode, then deposited 1,000 USDT. I mainly traded BTCUSDT and SOLUSDT. I liked the execution speed and the terminal’s stability during high-volatility periods. After a month, I ended up almost even, with a modest gain of around 12%, and experienced no major issues.
-
Comment
Bybit — один из самых известных криптовалютных брокеров и биржевых сервисов в мире цифровых активов. За последние годы платформа заметно выросла, расширила функционал и превратилась из площадки для деривативов в полноценную экосистему для трейдинга, инвестирования и хранения криптовалюты. Первое, что бросается в глаза — это удобство интерфейса. Платформа выглядит современной, логично структурированной и подходит как для начинающих, так и для продвинутых трейдеров. Навигация интуитивная, а торговый терминал предоставляет все необходимые инструменты для анализа: графики TradingView, индикаторы, различные типы ордеров, настройку плеча и риск-менеджмента. Bybit предлагает широкий выбор инструментов: спотовая торговля, фьючерсы, бессрочные контракты, опционы, копитрейдинг, стейкинг, launchpad-проекты и earn-программы. Это делает платформу универсальной — здесь можно не только активно торговать, но и инвестировать более консервативно. Отдельно стоит отметить высокую ликвидность и скорость исполнения ордеров. Проскальзывания минимальны, особенно на популярных торговых парах. Для активных трейдеров это критически важный фактор. Комиссии у Bybit конкурентные и ниже среднерыночных, особенно при использовании токена платформы или при больших торговых объемах. Система уровней VIP дополнительно снижает издержки для активных пользователей. Также стоит отметить мобильное приложение — оно стабильное, быстрое и функционально почти не уступает десктопной версии. Поддержка работает достаточно оперативно, а база знаний и обучающие материалы помогают быстрее освоиться на платформе.
-
Comment
I registered on Bybit primarily for derivatives and the ability to trade with leverage. Before that, I was trading spot on another exchange. Here, I opened a Unified Trading Account to avoid confusion between balances. I tested both spot and futures trading, with turnover of around 15–20 thousand USDT over a couple of weeks. Fees were standard, nothing unexpected. I didn’t make much profit, about 70 USDT, but overall the platform left a neutral impression.
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.
