ByBit vs Revolut (crypto): Fees, Coins, Safety Comparison
| Feature | ByBit | Revolut (crypto) |
|---|---|---|
Overall |
4.9 |
3.1 |
3.1 |
3.1 |
|
5.0 |
2.1 |
|
5.0 |
3.8 |
|
Investment Instruments |
5.0 |
4.1 |
Platforms and Charting Tools |
4.9 |
2.9 |
Deposit and Withdrawal |
4.0 |
4.2 |
Research |
4.2 |
1 |
Education |
4.1 |
1 |
Support |
4.5 |
4.2 |
Bonuses |
5.0 |
3.9 |
|
Your capital is at risk.
|
ByBit vs Revolut (crypto): 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.
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
| ByBit | Revolut (crypto) | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | minimum trade is only $1 |
| Derivatives, NFT Available | Buying and selling crypto without openning crypto exchange account | |
| Zero fee spot trading | ||
| Deposit Fee – 0% | ability to invest in stocks, crypto, fiat deposits etc | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | setting financial goals with Vaults option | |
| Strong Research | ||
| Overall Cons | No tier-1 regulation | Only 21 supported coins |
| No Fiat Deposit and Withdrawal | No options for active trading | |
| Revolut's cryptocurrency service is not regulated by the FCA | ||
| High fees |
ByBit vs Revolut (crypto): Safety and Regulation
| Regulated By: | ByBit | Revolut (crypto) |
|---|---|---|
Government-regulated |
Yes |
|
U.S Regulated |
No |
|
FCA U.K Regulated |
No |
|
Germany Regulated |
No |
|
AMF in France Regulated |
No |
|
Spain Regulated |
No |
|
DFSA in UAE |
No |
|
Singapore Regulated |
No |
|
Australia Regulated |
No |
|
Seychelles Regulated |
Yes |
|
Other countries |
Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan |
ByBit vs Revolut (crypto): Trading Conditions
| Trading Conditions | ByBit | Revolut (crypto) |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
|
Futures leverage |
100 |
|
Spot leverage |
10 |
|
Supported Coins |
638 |
|
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
|
Perpetual contracts |
1 |
ByBit vs Revolut (crypto): Fees
| Fee | ByBit | Revolut (crypto) |
|---|---|---|
Spot Taker fee |
0,1 |
|
Spot Maker fee |
0,1 |
|
Futures Taker fee |
0,055 |
|
Futures Maker fee |
0,02 |
|
Deposit fee |
No |
|
Withdrawal fee |
0,000111 ВТС 0,0015 ETH (ERC20) |
|
P2P taker fee |
No |
|
P2P fee rate, maker fee |
No |
ByBit vs Revolut (crypto): Trading Assets
| Asset Name | ByBit | Revolut (crypto) |
|---|---|---|
Coins Supported |
638 |
|
P2P |
Yes |
|
Perpetual contracts |
Yes |
|
NFT |
Yes |
|
Crypto Options |
Yes |
|
Futures |
Yes |
ByBit or Revolut (crypto): Investment Programs
| Asset Name | ByBit | Revolut (crypto) |
|---|---|---|
Staking |
Yes |
|
Copy trading |
Yes |
|
Yield farming |
No |
|
Affiliate program |
Yes |
|
Trading Platforms: Revolut (crypto) or ByBit
| ByBit | Revolut (crypto) | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Revolut (crypto) or ByBit
| ByBit | Revolut (crypto) | |
|---|---|---|
SMS Based 2 FA |
No |
no |
App Based 2 FA |
Yes |
no |
Voice Call 2 FA |
No |
no |
Search Bar |
Yes |
no |
Filters |
Yes |
no |
Technical Analysis: Revolut (crypto) or ByBit
| ByBit | Revolut (crypto) | |
|---|---|---|
Indicators |
Yes |
No |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
No |
Mobile trading: Revolut (crypto) or ByBit
| ByBit | Revolut (crypto) | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Revolut (crypto) or ByBit
| ByBit | Revolut (crypto) | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
ByBit vs Revolut (crypto): Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | Revolut (crypto) |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs Revolut (crypto): Research
| Research Type | ByBit | Revolut (crypto) |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
No |
ByBit vs Revolut (crypto): Education
| Education Type | ByBit | Revolut (crypto) |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
No |
Videos |
Yes |
No |
Webinars |
No |
No |
Revolut (crypto) vs ByBit: Support
| Support Features | ByBit | Revolut (crypto) |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
no |
Other |
Telegram |
community support, app-based chat |
ByBit vs Revolut (crypto): Crypto Bonuses and Promo
| Promo | ByBit | Revolut (crypto) |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
$50 Welcome Bonus. This Promotion is open to new Revolut retail customers who live in the United States. This Promotion runs from April 7, 2022 until June 30, 2022. |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
The impact is a referral program in which you need to be a Revolut customer to participate. Depending on which plan the connected referral chooses, the partner is paid from £2 to £20. Payments are calculated and made every month. After approving the request, the company gives the partner a unique link and materials to be placed and promoted on websites. The partner can track the number of link clicks and referrals in his personal cabinet. |
|
Your capital is at risk.
|
Top 5 Reviews on Revolut (crypto)
-
Comment
I’ve had a good experience with Interactive Brokers, particularly because of its low fees. As someone who trades frequently, the tiered commission structure works great for me since I can get better rates with higher volumes. I started out with the demo account to test the platform and it lived up to the expectations. The platform also gives access to so many different assets, from stocks to options to even metals, which fits well with my strategy. It’s definitely not the easiest for beginners, but for seasoned traders, the tools and flexibility are unmatched.
-
Comment
When I first opened an account with Revolut, I wasn’t expecting much since I usually associate Revolut with just basic banking services. But to my surprise, the trading platform feels quite smooth. The app interface is probably the best thing. It’s clean, and switching between different markets like Forex, stocks, and even crypto is seamless. I don’t need to hop between tabs too much. One cool thing is how fast the transactions get confirmed, especially compared to other apps I’ve used before. Also, I appreciate that I can trade with just small amounts, no big deposits needed. It’s perfect for someone like me who doesn't want to go all in right away. Though, I wish the educational tools were a bit more in-depth for those who are just starting out.
-
Comment
I’ve been using Revolut for a while now, and the experience has been smooth. What I love most is the flexibility with multi-currency accounts is that you can exchange between currencies without any hidden fees, which is a big plus. The app interface is clean and easy to use. Transfers are usually fast, but I’ve noticed that sometimes deposits and withdrawals can take a bit longer to confirm. Also, one thing that I don’t like is their website pop-ups. Almost everything leads to this annoying pop-up I have attached. In fact, the way to contact their customer support through the website isn’t clear as well. Unexpected from such a sophisticated company.
-
Comment
Trading here goes without problems. Now I’m learning everything little by little, since I haven’t been on the stock market that long. Reviews prove that this company is good and I saw it myself after trading here for 3 months.
-
Comment
I’ve been using the services of Revolut Bank for a year and everything is fine. I received a card, everything is quite convenient, and transfers are fast. The mobile application is not bad. The only problem, in my opinion, is confirmation of deposits and withdrawals, which can take quite a long time sometimes.
Top 5 Reviews on ByBit
-
Comment
I discovered Bybit through recommendations in trader chats. What first caught my attention was the low minimum deposit — just $1 — so I decided to try trading derivatives. I trade BTC/USDT and ETH/USDT pairs and was pleased with the deep order book and fast execution speed. The leverage goes up to 1:100, which is useful for testing different strategies. After a month of active trading on Bybit, I managed to grow my deposit by 12%. I also liked the mutual loss protection feature — when prices drop sharply, part of the losses is covered. The trading fees are market-standard: not the lowest, but still reasonable.
-
Comment
I signed up to take advantage of up to 1:100 leverage and to assess the order book depth. Orders are executed quickly. Commissions are market-standard, but there are maker bonuses that help reduce costs. Among derivatives, I use EOS/USDT and LINK/USDT. Withdrawals are only available in crypto, but I haven't encountered any issues. There's a single account for all types of futures, which is convenient — no need to switch between accounts.
-
Comment
Bybit is a platform focused specifically on futures and derivatives, while classic crypto trading is limited — mostly USDT pairs. The minimum entry is just $1, and the maximum leverage is 1:100. That’s great, but it requires discipline. I also give a plus for the fact that the BTC/USDT futures contract costs just $1 — perfect for testing strategies without much risk. I don’t use the mobile app; I trade exclusively through the web.
-
Comment
The order system is well thought out. There are both market and conditional orders, plus the market depth through the order book allows you to assess volumes. I trade BTC/USDT and ETH/USDT — everything works smoothly with them. The trading commission is about standard. I top up my account via Visa, and it's convenient that the fiat gateway is supported. I trade futures with a leverage of 1:50 — optimal for risk management.
-
Comment
After using Bybit for crypto, I decided to try Forex trading through MT5. At first, I didn’t fully understand how automatic leverage works, but eventually figured it out - it’s fixed per contract and cannot be changed. It’s good that deposits are free and withdrawals have fixed rates depending on the coin. I haven’t seen any hidden fees or markup. Everything is ECN as stated. Trading via the MT5 mobile version is convenient, but support response times can be slow.
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.