There are many cryptocurrency exchanges out there offering different features, tools, and markets. Among them, two of the well-known options are BTSE and ByBit.
Both these exchanges let you trade in the spot and futures markets. Plus, you will find a lot of things in common. But what if you have to choose between BTSE vs ByBit?
To help you out with this, I have compared both exchanges below in various key areas. So you can quickly pick the right crypto exchange for your needs.
BTSE vs ByBit: At A Glance Comparison
BTSE is a well-known centralized crypto exchange made for spot and futures trading. The exchange was established in 2018 and had a good number of supported tokens.
Along with that, it offers you high leverage and several other security features. Plus, getting started with the exchange is as easy as it can get.
ByBit is a leading crypto derivatives platform that has been operating since 2018. The exchange is best suited for both beginners and advanced traders.
ByBit is known for offering its services across different market types, be it spot, futures, or margin. Plus, you get several other crypto trading features like bot trading, copy trading, and more. Along with that, it also offers you a coupon code for sign-up bonus.
BTSE vs ByBit: Trading Markets, Products & Leverage Offered
Starting with trading markets comparison, ByBit is a far better choice compared to BTSE. As it supports different markets and other trading features. These features are:
|Spot trading||Spot Market|
|Crypto Futures trading with up to 100x leverage||Margin trading with up to 5x leverage|
|Leveraged tokens with up to 2x leverage|
|USDT perpetual contracts with leverage between 1x to 100x|
|USDC perpetual contracts with leverage between 1x to 125x|
|Coin-M perpetual contracts with up to 100x leverage|
Verdict: As you can see ByBit not only supports more trading markets but also offers you higher leverage. Hence, it is a clear winner.
BTSE vs ByBit: Supported Cryptocurrencies
Both exchanges support a wide range of tokens with similar ones.
BTSE supports over 150 cryptocurrencies and has about 60+ futures contracts trading pairs.
Also, it allows you to instantly deposit funds and convert existing currencies for another one. Some of the supported tokens on BTSE are:
ByBit has a slightly higher number of tokens than BTSE. It has about 350+ cryptocurrencies and futures trading pairs.
Also, being one of the popular exchanges, it is the first choice of many new cryptos to be launched on the internet. Also, ByBit lists newer coins from time to time.
Some of the listed tokens are:
Verdict: As ByBit has more tokens than BTSE, it wins this section.
BTSE vs ByBit: Trading Fee & Deposit/Withdrawal Fee Compared
Now coming to the most important part, which is the trading fee.
While choosing the best future exchange, you want to ensure that you are paying the least fees per trade. And here is how both exchange’s trading fee compares:
BTSE Spot Trading Fee
Just like most exchanges, BTSE also has a tiered fee structure with different levels. The tier is based on your 30days trading volume.
So the more you trade, the less you will be paying as the trading fee. It also follows the standard maker-and-taker fee model.
The regular trading fee stands at:
- Maker Fee: 0.2000%
- Taker Fee: 0.2000%
BTSE Futures Trading Fee
For futures trading, BTSE follows the same tiered fee model. And here is how the general users are charged per trade:
- Maker Fee: 0.0100%
- Taker Fee: 0.0500%
BTSE Deposit & Withdrawal Fees
You don’t enjoy free deposits and withdrawals when depositing fiat to the exchange.
Depending on what currency you are depositing and the deposit/withdrawal fee, you will get charged a different fee.
For instance, you get a free deposit in USD while using SWIFT as the payment method. But for withdrawal, there is a minimum limit of $100 USD, and the withdrawal fee stands at 0.1%.
Also, there is no P2P trading that can help you with free fiat deposits or withdrawals.
ByBit Spot Trading Fee
On ByBit, too, you see a similar maker-and-taker fee model with different tiers. However, it doesn’t offer you any additional discounts for holding certain tokens. So the regular fee stands at:
- Maker Fee: 0.10%
- Taker Fee: 0.10%
ByBit Futures Trading Fee
For ByBit futures trading, too, you see a similar tiered fee structure.
- Maker Fee: 0.06%
- Taker Fee: 0.01%
USDC Options Trading Fee
- Maker Fee: 0.01%
- Taker Fee: 0.01%
ByBit Deposits & Withdrawal Fees
There are absolutely no fees when depositing crypto on ByBit. But if you are depositing fiat, it will occur a transaction fee depending on your deposit method selection.
The same goes for withdrawals. For certain currency withdrawals, there are fees. Also, the fee varies from one currency to another.
Moreover, unlike BTSE ByBit does support P2P trading. So you can enjoy free deposits and withdrawals.
Verdict: ByBit has a cheaper trading fee compared to BTSE. Hence, it is a clear choice if you want to save up on your trading fees.
BTSE vs ByBit: Order Types
Now let’s look at the different order types you are getting on both exchanges.
- Trailing Stop
Verdict: As you can see, BTSE supports more order types. Hence, it is the clear winner for this section.
BTSE vs ByBit: KYC Requirements & KYC Limits
To trade on BTSE, you don’t need to complete your KYC (Know Your Customer) requirements.
Instead, by verifying your email and phone number, you can deposit or withdraw crypto and participate in trading activities.
However, if you want to deposit or withdraw fiat or you want to use your credit card for funds deposits. Then you are required to verify your address and identity.
Also, BTSE doesn’t have different levels for identity verification.
ByBit also doesn’t require you to verify your account for crypto deposits, withdrawals, or trading.
Without verifying your account, you won’t have any problem depositing fiat as it supports P2P trading, which is available to non-KYC users.
The basic email verification will offer you a daily coin withdrawal limit of 20,000 USDT and a monthly withdrawal limit of 100,000.
However, if you want to buy crypto using your credit card, then you are required to complete your KYC. Also, it has different identity verification limits that enhance your trading abilities on the exchange.
ByBit has three different KYC limits. These limits are:
- Level 1: A daily coin withdrawal limit of 1,000,000 USDT and a fiat top-up limit of $20K daily with unlimited P2P trading limits.
- Level 2: A daily coin withdrawal limit of 2,000,000 USDT with a $100K daily fiat top-up with unlimited P2P trading.
Verdict: Although both exchanges don’t require you to verify your account. But ByBit is still a better choice as it supports P2P trading, which will come in handy for free fiat deposits and withdrawals.
BTSE vs ByBit: Deposits & Withdrawal Options
- Method 1: Deposit and withdraw funds using credit cards through the counter method.
- Method 2: Deposit or withdraw crypto tokens to your BTSE wallet.
- Method 1: Deposit funds using a credit/debit card, bank transfer, or other payment solutions.
- Method 2: Deposit or withdraw funds using your local payment methods at zero cost using ByBit’s P2P trading.
- Method 3: Deposit or withdraw crypto tokens to your ByBit wallet.
Verdict: As you can see ByBit offers you multiple ways to deposit and withdraw funds. Hence, it is the winner for this section.
BTSE vs ByBit: Trading & Platform Experience Comparison
- Technical chart powered by TradingView
- Order book
- Recent orders
- Multiple order types
- Easy-to-use order form
- Asset details
- Open positions
- Active orders
- Mobile app
- Multiple technical charts, including TradingView
- Order Book
- Trade History
- Trading Pair Details
- New trading pair selection
- Easy-to-use order form
- Positions, current orders, order history, trade history & closed PnL
- Mobile app
To know more about the exchange, check this guide on how to use ByBit exchange.
Verdict: Overall, both exchanges stand at an equal position in terms of order types – hence it is a tie between BTSE and ByBit.
BTSE vs ByBit: Customer Support
When it comes to offering support, BTSE is lacking behind. The only option to reach out to BTSE for help is to raise a support ticket. But they do have a quick response time.
However, you don’t have any options for live chat. Or BTSE offers support through its social media channels like Twitter.
ByBit’s support is much more convenient to reach out to. They have several support options, including its live chat window, which can be used to connect with a live support agent instantly.
Alternatively, you can reach out ByBit’s help through social media channels like Twitter. Or you can send them a support email.
Verdict: As ByBit has several options for reaching out to customer support, it is the clear winner.
BTSE vs ByBit: Security Features
- Two-Factor Authentication
- Device Management
- Security Key
- Two-Factor Authentication
- Real-Time Monitoring
- Advanced-Data Protection
- Device Management
- Anti-phishing Code
- Fund Password
- Withdrawal Address Whitelist
- Withdraw via Address Book
- Triple Layer Asset Protection & Platform Security
Verdict: In terms of security, ByBit is rich in features. Hence, it is the clear winner for this section.
Is BTSE Safe & Legal To Use?
BTSE is a safe platform to trade crypto. The exchange has implemented several high-level security measures to take care of its users.
Also, they have developed high levels of backend security, and they keep 99.9% of users’ funds in cold storage. Also, the exchange doesn’t have any history of hacks to date.
Is ByBit Safe & Legal To Use?
ByBit is one of the trusted crypto exchanges out there.
The exchange offers you several security features to safeguard your account and funds. Plus, it doesn’t have any history of hacks to date.
Also, the exchange has placed high-security measures into place to protect your account. Also, the exchange keeps a majority of the user’s funds in cold storage.
BTSE vs ByBit Conclusion: Why not use both?
Overall, both exchanges stand at an equal position in many key areas. But ByBit is still a better choice for trading crypto.
The exchange has more number of trading pairs, with lower trading fees and excellent mobile and desktop platforms. Plus, the exchange is also backed by a great support team.
But BTSE is not a loser.
BTSE is an excellent choice for anyone looking for a non-KYC exchange.
It also has lower trading fees and supports 60+ futures trading pairs, and is backed by a powerful trading terminal for both web and mobile.
So go ahead and check both exchanges out and see which one does meet your trading requirements.
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