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) |
---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Authorised and regulated by the Financial Conduct Authority in the UK |
ByBit vs Revolut (crypto): Trading Conditions
Trading Conditions | ByBit | Revolut (crypto) |
---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
ByBit |
Revolut |
Max Leverage (Futures) |
1-100 |
1:1 |
Number of Markets |
320 |
21 |
Trading Accounts |
1 |
4 |
Base Account Currencies |
Crypto |
USD, EUR, GBP and 30+ fiat currencies |
ByBit vs Revolut (crypto): Fees
Trading Fees
Fee | ByBit | Revolut (crypto) |
---|---|---|
Max Maker |
0.1% |
2.5% |
Max Taker |
0.1% |
1.55% |
Min Maker |
0.1% |
2.5% |
Min Taker |
0.1% |
1.55% |
Debit/Credit Card Purchase Fee |
0 |
Not supported |
Futures Trading fees
Fee | ByBit | Revolut (crypto) |
---|---|---|
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 | Revolut (crypto) |
---|---|---|
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 |
No |
Inactivity Fee |
No |
No |
ByBit vs Revolut (crypto): Trading Assets
Asset Name | ByBit | Revolut (crypto) |
---|---|---|
Overall |
320+ |
21 |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
No |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
No |
Stellar (XLM) |
Yes |
no |
IOTA (MIOTA) |
Yes |
no |
Tron (TRX) |
Yes |
No |
Derivatives (Futures) |
Yes |
No |
NFT |
Yes |
No |
Crypto ETF |
No |
no |
ByBit or Revolut (crypto): Investment Programs
Asset Name | ByBit | Revolut (crypto) |
---|---|---|
Staking |
Yes |
No |
Mining pool |
Yes |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Liquidity mining, Principal-Protected Investment, Guaranteed yield savings |
vaults savings, cash savings |
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
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.
-
Comment
Everything you need is here for normal trading. In addition, there is help from the staff. Everyone will help. So feel free to start trading here.
-
Comment
I chose Revolut Bank based on customer reviews. Most customer reviews are positive. So I decided to open an account here. Revolut Bank itself is now considered by many to be very popular in Europe due to its low service fees. Yes, the commissions here are below average. But there is a problem - this is a long transfer of funds.
-
Comment
The main advantage of the Revolut card is that it is truly multi-currency and supports about 150 currencies. You can always exchange your currency for any other at the standard interbank rate. And this will happen without unnecessary markups and conversions. In addition, it is possible to create virtual maps. The only negative thing for me was that there are commissions for some currencies, although I thought there were none.
Top 5 Reviews on ByBit
-
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.
-
Comment
I can't really say anything bad about ByBit. I trade cryptocurrencies here. and another company. Regarding the withdrawal of money, everything is fine here, but trading is sometimes lame)
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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!