Which among Bybit and BingX will be the best option for your trading needs? Let’s settle this now, as I have come up with the most sensible comparison of the two exchanges.
I will compare them on various aspects, which will help you to understand these high leverage crypto trading exchanges better and, simultaneously, help you to choose the ultimate exchanges among them.
You see, using the best exchange is quite necessary, especially during times of current market volatility; trading on a platform that will give you complete control of your crypto holdings is quite crucial, and both Bybit and BingX are known for it.
So, without any further delay, let’s start with a brief introduction to these exchanges.
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Bybit vs BingX: Introduction
Bybit
Beginning Bybit, a professional crypto trading platform founded in 2018, it offers an ultra-fast trading engine providing multiple trading products and order types. Its unique API, as well as multilingual community support, makes it stand out in the cryptosphere. Furthermore, you can also use Bybit promo code to enjoy sign-up bonus.
BingX
On the other hand, BingX was founded in 2018, allowing its users to trade in spot and crypto derivatives markets, providing a customer-centric and open ecosystem with advanced trading features.
Now that you have a glimpse of these exchanges let’s see what the supported cryptocurrencies are.
Bybit vs BingX: Supported Cryptocurrencies
Bybit
There are more than 119 crypto assets supported by Bybit, including all your favourites like BTC, ETH, DOGE, EOS, XRP and USDT.
All of these assets can be readily integrated with all the products and order types available on the exchange that I will tell you about next.
BingX
Coming to BingX, this exchange offers the top 5 fiat currencies, which are USDT, USDC, BTC, ETH and XRP.
There are more than 300 crypto trading pairs available on the exchange, which can further be integrated with the product types available on BingX.
Verdict: Both Bybit and BingX offer great crypto-asset offerings, but clearly, Bybit provides a wider range of individual crypto coins. Hence, Bybit is the winner in this criterion.
Bybit vs BingX: Product Offerings
Bybit
Bybit offers one of the widest range of crypto trading products, which includes:
- Spot Trading
- Derivatives Trading
- Buy Crypto
- Options Trading
- Bybit Earn
- Mobile App
- Trading Bot
- Margin Trading
- Copy Trading
- Futures Trading
- P2P Trading
Moreover, it offers maximum leverage of up to 100x on all the trading pairs on the exchange.
BingX
When it comes to BingX, this crypto futures trading platform also offers variable trading products, which are:
- Spot Trading
- Derivatives Trading
- Copy Trading
- Bot Trading
- P2P Trading
- Signal Trading
- Margin Trading
Now, let’s discuss what order types are available on these platforms, which would help you take maximum advantage of the market. BingX also offers a maximum leverage of up to 100x but on selected trading pairs only.
Verdict: Bybit offers a wider range of product types than BingX, which you can take advantage of while trading through variable strategies. Hence, Bybit is the winner in this criterion.
Bybit vs BingX: Order Types
Bybit
Beginning with Bybit, there are all the basic order types, which include:
- Market Order
- Limit Order
- Conditional Order
BingX
Coming to BingX, it offers all the crucial order types readily available on the platform; these are:
- Limit Order
- Market Order
- Trigger Order
- Take Profit and Stop Loss Order
Now, let’s quickly compare them to one of the most important criteria, which is their pricing.
Verdict: Both Bybit and BingX offer quite similar order types; hence it’s a tie in this segment between them.
Bybit vs BingX: Fees Comparison
Bybit- Trading Fees
The Trading Fee structure on Bybit follows a maker/taker fee model that depends on the VIP level/tier of your account. Follow the following tables to understand them in detail.
| Spot Trading | Perpetual & Futures Trading | |||
| VIP Level | Taker Fee Rate | Maker Fee Rate | Taker Fee Rate | Maker Fee Rate |
| Non-VIP | 0.10% | 0.10% | 0.06% | 0.01% |
| VIP 1 | 0.06% | 0.04% | 0.05% | 0.006% |
| VIP 2 | 0.05% | 0.02% | 0.045% | 0.004% |
| VIP 3 | 0.04% | 0.01% | 0.0425% | 0.002% |
| Pro 1 | 0.03% | 0% | 0.04% | 0% |
| Pro 2 | 0.025% | 0% | 0.035% | 0% |
| Pro 3 | 0.02% | 0% | 0.03% | 0% |
Bybit- Deposit & Withdrawal Fees
Additionally, there are no deposit fees. However, there is a minimum withdrawal fee depending on the chosen asset that I have mentioned below, have a look:
| BTC | ETH | XRP | EOS | USDT(ERC20) | USDT (TRC20) | DOGE | DOT | LTC | XLM |
| 0.0005 | 0.005 | 0.25 | 0.1 | 10 | 1 | 5 | 0.1 | 0.001 | 0.02 |
BingX- Fees
Coming to BingX has a separate trading fee schedule for spot and futures trading. Let’s understand them now.
- Spot Trading Fees
It follows a maker/taker fee structure where the maker varies between 0.05% to 0.2%, and the taker varies between 0.1% to 0.2%.
- Futures Trading Fees
Futures Trading Fees on BingX follow a maker/taker fee structure as well and are further divided into a tiered structure based on your 30-day trading volume. The maker fee lies between 0.020% to 0%, and the taker lies between 0.040% to 0.023%.
Additionally, BingX also charges a 0.2% conversion fee.
BingX- Deposit & Withdrawal Fees
There are no deposit fees on BingX. However, it charges a minimal withdrawal fee; these are:
| No. | Trading Pair | Withdrawal Fee/Order |
| 1 | USDT-ERC20 | 20 USDT |
| 2 | USDT-TRC20 | 1 USDT |
| 3 | USDT-OMNI | 28 USDT |
| 4 | USDC | 20 USDC |
| 5 | 20 USDC | 0.0005 BTC |
| 6 | ETH | 0.007 ETH |
| 7 | XRP | 0.25 XRP |
Verdict: Bybit is currently offering zero fees for spot trading, and at the same time, the other fee schedules are quite affordable and easy to understand, making it the winner in this segment.
Bybit vs BingX: Account Funding Methods
Bybit
This crypto exchange offers variable account funding and withdrawal methods that help you take advantage of the market’s liquidity. The supported methods are:
- ADV Cash and QIWI, E-Wallet
- Local Bank Card, including debit/credit via SIMPLEX payment gateway.
- Direct crypto transfers from already existing wallet addresses.
BingX
BingX allows you to deposit via different cryptocurrencies; these are:
- USDT
- USDC
- BTC
- ETH
- XRP
You can also transfer cryptos from other wallet addresses directly.
Bybit vs BingX: Trading Platform Comparison
Bybit
Bybit is a clean trading interface with an accessible design of its trading window and customizable layout offerings.
Trading features can be seamlessly managed through dedicated sections on the screen, which offer access to contract details and market activity.
The trading window also features an asset overview and readily available positions.
This exchange allows for the simple manipulation of the scale design parameters, including the positioning of its axis, percentages and indicator data.
Some of the other highlighting features of the Bybit trading platform are:
- The exchange provides an advanced order system allowing you to directly set profit/stop loss at entry, adjust orders placed and receive strategy alerts with one click.
- The dual price mechanism allows for preventing unfair liquidation of positions.
- A robust API refreshes the market data every 20ms with precision.
To help you know more about the exchange, you can check this guide on How to short Bitcoin on Bybit.
BingX
With over 5 million users globally and seamlessly supported on iOS, Android, Windows and Mac BingX trading suite provides modern toolsets of trading for both beginners and experienced traders.
The TradingView feature of BingX enables technical analysis in detail with hundreds of chart patterns, technical indicators and drawing tools.
There is also a Profit and Loss Calculator to estimate the position size that depends on the entry/exit price and margin amount.
BingX also offers an isolated margin that limits the trade risks of a particular trade while cross shares the trade risk among various open positions.
Under the margin slider, you can set the stop-loss and take profit orders. The moment the price reaches one of the order values, the other one gets cancelled automatically.
This process is often termed OCO or One-Cancels-the-Other, and you will not find such an innovative feature in any other trading platform.
Bybit vs BingX: Account Types
- Bybit
Bybit provides 4 types of accounts that depend on the verification level and country of residence. KYC is mandatory on the exchange; without it, you won’t be allowed to trade.
Residence from India, China, and Canada (except Ontario and Quebec), you will enter the verified segment and will be allowed an infinite daily as well as lifetime withdrawal limit.
For the rest of the world, the account levels are categorized into 3 levels based on the level of identification, deciding your daily and lifetime withdrawal limits.
- BingX
Account types offered by BingX are pretty simple; unverified and verified users. Refer to the table below to understand them in detail.
| Difference | Unverified Users | Verified Users |
| 24-hour Max. Withdrawal | 50,000 USDT | 1,000,000 USDT |
| Max. Cumulative Withdrawal | 100,000 USDT | Unlimited |
Bybit vs BingX: How to get started?
Bybit
Let’s get your trading journey started on Bybit:
- Begin by visiting Bybit’s home page and clicking the “Sign Up” button.
- Select the preferred registration method and enter the required information and the code received on your favourable registration method.
You can also register via your Google or Telegram account. Once registered, move towards completing the KYC requirements.
BingX
Coming to BingX, getting started with it is pretty straightforward. Let’s look at how you can register yourself on this platform.
- Visit BingX’s official website: https://bingx.com.
- Click “Register” on the top navigation bar to start registration on the home page.
- Choose your mode of registration. Enter either your email address or phone number to receive a verification code.
- Security verification. Slide to complete the puzzle and a verification code will be sent to your mentioned email address or phone number. Please enter the code within the stipulated time.
Bybit vs BingX: Customer Support
Bybit
Bybit has responsive and dedicated 24×7 customer support through live chat and email in multiple languages. Its team is quite knowledgeable, helping you with all your queries. However, there is no phone support available currently.
BingX
BingX, on the other hand, is also nowhere behind when it comes to customer support. For any of your queries, visit the help centre, which is available 24×7 via Email service, which they usually reply to within 12 hours of sending.
Bybit vs BingX: Security Features
Bybit
With mandatory KYC procedures and various other top-notch security features like crypto asset consolidation, monitoring, operations, and audits, offering two-factor authentication and SSL encryption makes the platform impenetrable.
BingX
BingX system adopts Sumsub’s 2FA verification, a KYC solution that leverages advanced AI technologies to detect potential risks incurred by cybercrimes.
What’s more, BingX implements a stringent risk control policy, requiring 2FA verification for all its employee’s devices, passwords, emails, etc.
- Is Bybit safe?
Bybit is undoubtedly a safe and legitimate platform that has never been hacked, thanks to its bulletproof, secure ecosystem.
The platform has been highly appreciated by millions of users worldwide, offering military-grade cold wallet security with reputable customer assistance.
Moving your funds is all regulated with multi-signature addresses. This requires multiple keys to sign transactions between wallets. This doesn’t allow anybody other than you to take control of your account, keeping your funds safe.
- Is BingX safe?
To date, there hasn’t been any security breach that has occurred on BingX. With the leading market depth and tight spread through multiple liquidity providers, the exchange offers a smooth and stable operation.
Plus, there are multiple impenetrable security features BingX is undoubtedly a safe exchange. Additionally, BingX is registered under the Republic of Estonia.
It has acquired licenses under the regulatory body AUSTRAC and an MSB or Money Services Business license under FinCen.
Conclusion
All in all, both Bybit and BingX are some of the most reputable, best-in-class exchanges in the cryptosphere.
Both are well-established, safe and secure for your funds. Bybit and BingX are equipped with the industry’s best tools, allowing you to gain optimum profits.
When choosing the best platform among them, BingX will be the best option if you are a beginner at crypto trading.
With BingX’s anonymous trading assistance, though it offers limited accessibility, it is a great way to begin your trading journey. The multiple products and order types are just the cherries on the cake.
On the contrary, if you are an experienced trader, then go for Bybit without a doubt. Bybit comes with all the advanced trading and charting systems.
Additionally, the state-of-the-art professional product and order types would take your trading experience to the next level.
So, what are you waiting for? Get your hands on any of these platforms and skyrocket your profits NOW!!!
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