ByBit vs WazirX: Fees, Coins, Safety Comparison
| Feature | ByBit | WazirX |
|---|---|---|
Overall |
4.9 |
3.8 |
3.1 |
3.0 |
|
5.0 |
4.1 |
|
5.0 |
4.5 |
|
Investment Instruments |
5.0 |
4.1 |
Platforms and Charting Tools |
4.9 |
3.7 |
Deposit and Withdrawal |
4.0 |
3.4 |
Research |
4.2 |
4.6 |
Education |
4.1 |
4.0 |
Support |
4.5 |
3.7 |
Bonuses |
5.0 |
3.1 |
|
Your capital is at risk.
|
Your capital is at risk.
|
ByBit vs WazirX: 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 WazirX exchange is a cryptocurrency exchange and trading platform. The site offers such assets as Bitcoin, Ethereum, Ripple, Litecoin, and others. The WRX is the platform's proprietary token, which was created to draw attention to the site and is the essence of the cryptocurrency exchange ecosystem. You can exchange the WRX token for cryptocurrencies and other tokenized assets. The company has developed its own trading terminal with a high degree of protection. The terminal is provided in desktop and mobile versions. The system’s infrastructure can vary scale in a few seconds to meet a growing demand and ensure high transaction rates. It is a young Indian exchange that uses advanced technologies and offers comfortable trading terms.
| ByBit | WazirX | |
|---|---|---|
| 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% | Minimum maker fee $0 | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | Indicators Available | |
| Strong Research | Derivatives, NFT Available | |
| Strong Research | ||
| Overall Cons | No tier-1 regulation | No tier-1 Regulation |
| No Fiat Deposit and Withdrawal | Market and Trailing Stop orders are not available. | |
| Only 1 fiat currency supported – INR | ||
| Deposits and withdrawals via e-wallets are not available | ||
| No Special Offers |
ByBit vs WazirX: Safety and Regulation
| Regulated By: | ByBit | WazirX |
|---|---|---|
Government-regulated |
Yes |
No |
U.S Regulated |
No |
No |
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 WazirX: Trading Conditions
| Trading Conditions | ByBit | WazirX |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
1000 INR |
Futures leverage |
100 |
|
Spot leverage |
10 |
1 |
Supported Coins |
638 |
295 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
1 |
1 |
ByBit vs WazirX: Fees
| Fee | ByBit | WazirX |
|---|---|---|
Spot Taker fee |
0.1 |
0.2 |
Spot Maker fee |
0.1 |
0.2 |
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) |
0.0005 BTC 1.5 USDT |
P2P taker fee |
No |
No |
P2P fee rate, maker fee |
No |
No |
ByBit vs WazirX: Trading Assets
| Asset Name | ByBit | WazirX |
|---|---|---|
Coins Supported |
638 |
295 |
P2P |
Yes |
Yes |
Perpetual contracts |
Yes |
Yes |
NFT |
Yes |
No |
Crypto Options |
Yes |
No |
Futures |
Yes |
No |
ByBit or WazirX: Investment Programs
| Asset Name | ByBit | WazirX |
|---|---|---|
Staking |
Yes |
No |
Copy trading |
Yes |
No |
Yield farming |
No |
No |
Affiliate program |
Yes |
Yes |
Trading Platforms: WazirX or ByBit
| ByBit | WazirX | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: WazirX or ByBit
| ByBit | WazirX | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: WazirX or ByBit
| ByBit | WazirX | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: WazirX or ByBit
| ByBit | WazirX | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: WazirX or ByBit
| ByBit | WazirX | |
|---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
ByBit vs WazirX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | WazirX |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs WazirX: Research
| Research Type | ByBit | WazirX |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
Yes |
ByBit vs WazirX: Education
| Education Type | ByBit | WazirX |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
WazirX vs ByBit: Support
| Support Features | ByBit | WazirX |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
Telegram |
No |
ByBit vs WazirX: Crypto Bonuses and Promo
| Promo | ByBit | WazirX |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
No |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
50% of the trading fees paid by the referred user |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on WazirX
-
Comment
WazirX boasts an extensive selection of cryptocurrencies. But the fee structure is disproportionately high compared to competitors, eating into profits and discouraging active trading. Hidden fees and unclear pricing models only add to the frustration, leaving traders feeling nickel-and-dimed at every turn.
-
Comment
Of course, they threw me beautifully at WazirX. At first everyone was so friendly. Filled them with money - immediately the attitude changed. And then they just did everything to drain my money. I do not recommend!
-
Comment
I can't call WazirX normal. They interfere with work, so it’s impossible to trade profitably. They leaked me a couple of times, I decided to leave. I withdrew the balance from the account for 2 months. I do not recommend trading with this company.
-
Comment
I decided to open a trading account with WazirX. I registered, and immediately the manager of this company called me. I didn't like his aggressive demeanor. I told him about it. In response, insults rained down. I immediately knew who I was dealing with. Didn't even make money.
-
Comment
This is my first time working with the Indian stock exchange, although I have heard that this country is actively developing in the field of technology. And WazirX seems to be a good exchange. Assets are popular, for the most part, except that you need to get confused with commissions, for some cryptocurrencies they are not very profitable. But the terminal is great! Clear, simple, I still have enough functionality, but we'll see. This is enough for my current level, but I think if I decide to increase volumes, I won’t stay at WazirX: it’s more pleasant to have bonuses at high volumes, which WazirX cannot offer. I recommend it for beginners and amateurs. There will be no problems with speed, replenishment and withdrawal. The rest is up to you and your work.
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.
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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.
