ByBit vs WhiteBIT: Fees, Coins, Safety Comparison
| Feature | ByBit | WhiteBIT |
|---|---|---|
Overall |
4.9 |
3.8 |
3.1 |
3.7 |
|
5.0 |
3.5 |
|
5.0 |
4.3 |
|
Investment Instruments |
5.0 |
3.9 |
Platforms and Charting Tools |
4.9 |
3.6 |
Deposit and Withdrawal |
4.0 |
4 |
Research |
4.2 |
3.9 |
Education |
4.1 |
3.7 |
Support |
4.5 |
3.5 |
Bonuses |
5.0 |
3.8 |
|
Your capital is at risk.
|
Your capital is at risk.
|
ByBit vs WhiteBIT: 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 WhiteBIT exchange is a universal platform for trading and exchanging cryptocurrencies. In addition to basic (simplified) trading, there are spot and margin trading. Bitcoin, Litecoin, Ethereum, Ripple, DASH, and dozens of other altcoins are traded on the exchange. Fiats are represented by the USD and the EUR. For margin trading, 1:20 leverage is provided. In addition to active trading, there is the possibility of investing in a blockchain project with interest payments (from staking). The exchange has a standard referral program, and trading commissions are fixed. There is a TradingView web terminal and a mobile trading application.
| ByBit | WhiteBIT | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | Bitcoin, dozens of altcoins and tokens, four fiat currencies, including the USD and the EUR; |
| Derivatives, NFT Available | large trading volumes, high liquidity, multilevel security system; | |
| Zero fee spot trading | basic trading for beginners, spot and margin, P2P exchanger, and free multicurrency account; | |
| Deposit Fee – 0% | most options for depositing/withdrawing funds such as e-wallets, bank cards, and transfers; | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | a simple and profitable system for investing in blockchain projects of crypto exchange affiliates; | |
| Strong Research | the commission does not change - 0.1% of the trade amount, and no additional fees or charges; | |
| FAQs on the basics of crypto trading, a demo token for education and training. | ||
| Overall Cons | No tier-1 regulation | communication with the exchange only through the website and email, there is no call center or alternative methods of prompt communication; |
| No Fiat Deposit and Withdrawal | there is no advanced training, except for staking; and there are no alternative investment options. |
ByBit vs WhiteBIT: Safety and Regulation
| Regulated By: | ByBit | WhiteBIT |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
Yes |
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 |
Lithuania, Poland, Czech Republic, Bulgaria |
ByBit vs WhiteBIT: Trading Conditions
| Trading Conditions | ByBit | WhiteBIT |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
10 |
Futures leverage |
100 |
100 |
Spot leverage |
10 |
10 |
Supported Coins |
638 |
330 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
1 |
0 |
ByBit vs WhiteBIT: Fees
| Fee | ByBit | WhiteBIT |
|---|---|---|
Spot Taker fee |
0.1 |
0.1 |
Spot Maker fee |
0.1 |
0.1 |
Futures Taker fee |
0.055 |
0.05 |
Futures Maker fee |
0.02 |
0.02 |
Deposit fee |
No |
No |
Withdrawal fee |
0.000111 ВТС 0.0015 ETH (ERC20) |
0.0004 BTC 0.00367 ETH |
P2P taker fee |
No |
No |
P2P fee rate, maker fee |
No |
No |
ByBit vs WhiteBIT: Trading Assets
| Asset Name | ByBit | WhiteBIT |
|---|---|---|
Coins Supported |
638 |
330 |
P2P |
Yes |
Yes |
Perpetual contracts |
Yes |
No |
NFT |
Yes |
Yes |
Crypto Options |
Yes |
No |
Futures |
Yes |
Yes |
ByBit or WhiteBIT: Investment Programs
| Asset Name | ByBit | WhiteBIT |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yield farming |
No |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: WhiteBIT or ByBit
| ByBit | WhiteBIT | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: WhiteBIT or ByBit
| ByBit | WhiteBIT | |
|---|---|---|
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: WhiteBIT or ByBit
| ByBit | WhiteBIT | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
No |
Mobile trading: WhiteBIT or ByBit
| ByBit | WhiteBIT | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: WhiteBIT or ByBit
| ByBit | WhiteBIT | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
ByBit vs WhiteBIT: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | WhiteBIT |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
ByBit vs WhiteBIT: Research
| Research Type | ByBit | WhiteBIT |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
No |
ByBit vs WhiteBIT: Education
| Education Type | ByBit | WhiteBIT |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Webinars |
No |
No |
WhiteBIT vs ByBit: Support
| Support Features | ByBit | WhiteBIT |
|---|---|---|
Working Days |
24/7 |
44766 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
No |
Other |
Telegram |
No |
ByBit vs WhiteBIT: Crypto Bonuses and Promo
| Promo | ByBit | WhiteBIT |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
No |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
Get 40% of every trading fee paid by the users who sign up via your referral link |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on WhiteBIT
-
Comment
I’ve been using WhiteBIT for about eight months: I first registered through the website, then completed verification and deposited $500 to try trading cryptocurrencies, including BTC/USDT and DOT/USDT. The exchange promises deep liquidity and access to over 400 trading pairs, which really gives room for experimentation, especially with altcoins. Sometimes trades closed with profit, sometimes with a loss, and overall my balance hovered around the initial amount. My impressions are neutral, but I gained experience learning the crypto market.
-
Comment
I came to WhiteBIT because I heard about the convenient P2P market, where you can exchange fiat for crypto directly. My deposit was around $250, and I tried BTC/USDT and ETH/USDT pairs — P2P exchange fees were lower than buying directly with a card, which was a plus. The P2P interface is user-friendly, with a filter for payment methods. Trading major pairs on the spot market resulted in small profits and drawdowns: my experience was neutral, but useful for diversifying deposit and trading methods.
-
Comment
I’ve been using WhiteBIT for nine months — I signed up after seeing the Copy Trading feature and the option to follow experienced traders on the site. My deposit was around $400. At first, I tested strategies from other users, then tried trading myself with pairs like XRP/USDT and ADA/USDT. The fees are noticeable, but there are discounts when paying with the platform’s WBX token. Profits were moderate: a few successful trades, but entries weren’t always accurate, so my balance stayed mostly the same — a neutral experience, but useful for getting familiar with the market.
-
Comment
I started trading on WhiteBIT about a year ago when I was looking for a crypto exchange that supports a wide range of assets and fiat currencies. After registering, I deposited around $300 via a bank card and immediately noticed that the platform offers hundreds of trading pairs, including BTC/USDT, ETH/USDT, and more exotic altcoins. The interface felt intuitive: charts, orders, and order books were easy to understand from the very first days. My first trades brought moderate profits, but over the year the results have been rather neutral — quick gains were followed by drawdowns, which is natural for the highly volatile crypto market. Overall, WhiteBIT felt convenient for spot trading and long-term holding of assets.
-
Comment
I’ve been using WhiteBIT since the end of 2022. My main operations are exchanging USDT and BTC, with fees always exactly 0.1%, no surprises. Support works via chat and tickets — sometimes issues are resolved within an hour, sometimes it takes up to a day. Functionality is similar to competitors, but I consider the demo token for training a plus. There haven’t been significant deposit gains; the main goal is exchange and storage.
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.
Related Articles
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.
