ByBit vs XT.com: Fees, Coins, Safety Comparison
| Feature | ByBit | XT.com |
|---|---|---|
Overall |
4.9 |
4.0 |
3.1 |
3.8 |
|
5.0 |
4.1 |
|
5.0 |
5.0 |
|
Investment Instruments |
5.0 |
4.4 |
Platforms and Charting Tools |
4.9 |
3.9 |
Deposit and Withdrawal |
4.0 |
4.0 |
Research |
4.2 |
3.7 |
Education |
4.1 |
3.8 |
Support |
4.5 |
4.1 |
Bonuses |
5.0 |
3.5 |
|
Your capital is at risk.
|
Your capital is at risk.
|
ByBit vs XT.com: 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 XT.com exchange is a platform for P2P exchange and cryptocurrency sales, including derivatives and margin trading. This is also an exchange for fiat funds. The peculiarity of the cryptocurrency exchange is that it issues its proprietary cryptocurrency and provides users with software for mining. Bitcoin, Ethereum, Litecoin, Tether, Tron, Ripple, and other cryptocurrencies are traded on the website, with over 120 instruments provided here in total. There are tokenized assets. The leverage can be up to 1:30 depending on the selected asset. Any strategy can be used on the cryptocurrency exchange, including scalping.
| ByBit | XT.com | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | Cryptocurrencies and other varieties of currencies; |
| Derivatives, NFT Available | Replenishment in fiat currencies; | |
| Zero fee spot trading | Favorable trading commissions; | |
| Deposit Fee – 0% | Leverage is up to 1:30. | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | Proprietary mining platform; | |
| Strong Research | Large trading volumes; high liquidity. | |
| Convenient trading terminal; | ||
| Overall Cons | No tier-1 regulation | No investment programs (only deposits); |
| No Fiat Deposit and Withdrawal | No training programs or study guides. |
ByBit vs XT.com: Safety and Regulation
| Regulated By: | ByBit | XT.com |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Licensed in Seychelles |
ByBit vs XT.com: Trading Conditions
| Trading Conditions | ByBit | XT.com |
|---|---|---|
Minimum Deposit |
$1 |
$30 |
Trading Platforms |
ByBit |
Proprietary trading platform based on TradingView |
Max Leverage (Futures) |
1-100 |
|
Number of Markets |
320 |
800+ |
Trading Accounts |
1 |
5 |
Base Account Currencies |
Crypto |
Cryptocurrencies, fiat currencies |
ByBit vs XT.com: Fees
Trading Fees
| Fee | ByBit | XT.com |
|---|---|---|
Max Maker |
0.1% |
0.05% |
Max Taker |
0.1% |
0.20% |
Min Maker |
0.1% |
0.05% |
Min Taker |
0.1% |
0.20% |
Debit/Credit Card Purchase Fee |
0 |
0 |
Futures Trading fees
| Fee | ByBit | XT.com |
|---|---|---|
Max Maker |
-0.025% |
0.05% |
Max Taker |
0.075% |
0.20% |
Min Maker |
-0.025% |
0.05% |
Min Taker |
0.075% |
0.20% |
Non-Trading Fees
| Fee | ByBit | XT.com |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
- |
0 |
Debit/Credit Card Withdrawal Fee |
0 |
0 |
BTC Withdrawal Fee |
0.0005 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
ByBit vs XT.com: Trading Assets
| Asset Name | ByBit | XT.com |
|---|---|---|
Overall |
320+ |
800+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
Yes |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto ETF |
No |
Yes |
ByBit or XT.com: Investment Programs
| Asset Name | ByBit | XT.com |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
Yes |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Liquidity mining, Principal-Protected Investment, Guaranteed yield savings |
Hashrate store |
Trading Platforms: XT.com or ByBit
| ByBit | XT.com | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: XT.com or ByBit
| ByBit | XT.com | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
No |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: XT.com or ByBit
| ByBit | XT.com | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: XT.com or ByBit
| ByBit | XT.com | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: XT.com or ByBit
| ByBit | XT.com | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
No |
ByBit vs XT.com: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | XT.com |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs XT.com: Research
| Research Type | ByBit | XT.com |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
No |
ByBit vs XT.com: Education
| Education Type | ByBit | XT.com |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Webinars |
No |
No |
XT.com vs ByBit: Support
| Support Features | ByBit | XT.com |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
Telegram |
No |
ByBit vs XT.com: Crypto Bonuses and Promo
| Promo | ByBit | XT.com |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
No |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
The interest of referral commissions that you will get depends on your account referral level. There are seven levels in total, including zero. The levels are dynamic and change depending on two indicators – the number of active referrals and the volume of referral trades in BTC. The commission and payout discount are 0% at the lowest level (P0). At the highest level (P6) you will get a 90% discount on your commissions, and transaction income is 90% of your referrals' commissions. |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on XT.com
-
Comment
If you open an account with XT.com, take into account some nuances. The most important thing is to verify not only the identity, but also payment instruments used by a client. I couldn’t withdraw money from my XT.com account until I passed the verification of the payment system. So be careful.
-
Comment
Before opening an account on XT.com, I advise you to carefully read the agreement that the exchange enters into with the user. So that there are no problems later, like mine. And it says there that the exchange is responsible for the safety of clients' funds in the amount of the percentage of commissions that the trader has traded. Moreover, hacking an account on the XT.com exchange does not give the user the right to demand compensation for losses. I lost money, unfortunately, without studying the agreement text.
-
Comment
I bought various cryptocurrencies and stored them on the XT.com exchange wallet. However, over time, I noticed that coins were disappearing from my account—not a significant amount at once, but over two months, the cumulative loss became substantial. The next problem arose after the support team, following my inquiry, demanded a new verification process. I attempted it, but XT.com rejected the verification. In summary, it has been two months since I lost access to my account, and I'm uncertain about the current status of my funds.
-
Comment
The issues on the XT.com exchange resulted in significant losses for me. Due to the strange actions of the exchange administration, I lost an amount equivalent to $2000. I exchanged cryptocurrency through the 2P2 service to withdraw to a bank card in dollars. When the order was executed, the XT.com exchange transferred the cryptocurrency to the buyer, but the money never arrived on my card. The exchange disclaimed responsibility, and I ended up losing my money.
-
Comment
There are problems when trading with XT.com. First of all, this is terrible work of support service. Maybe someone likes the disrespectful attitude towards clients, but I personally don’t. The second is the operation of the platform. During the day, it disconnects from the servers every 7-10 minutes. How can you trade profitably in such a situation? No, I'm not happy with XT.com at all.
Top 5 Reviews on ByBit
-
Comment
Bybit educational resources have really helped my early career in crypto trading. The trainings from videos, and seminars is helping me learn how to make more informed decisions on traders. Also guides to trading in bear markets, how to protect your account, a guide to MT4 crypto trading, are informative and I am really improving as a trader. There is also the ByBit Learn portal which is where I got to learn how to use the platform. The demo trading interface is rich and friendly but it took me time to carefully identify each feature. Although I don’t know how some of these indicators work for now but I know I will over time.
-
Comment
The Bybit designed for every level of crypto traders. the simple user interface has been helpful. I only have one concern but I cannot say it is an issue at the moment. This has to do with when i reached out with the customer care to inquire if i can trade futures. The response that i can trade a range of USDC-settled contracts including both USDC Perpetual and USDC Futures Contracts came, but when it did i was off my screen and attending to other things. Can't say if the slow response is due to network or other external issues. I don't know if it is too early to conclude that the customer service is slow.
-
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.
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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.
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.