Bybit and Bitget are the two most prominent industry leaders in the crypto space. Both exchanges have a significant global presence with millions of active traders.
But going through all their features and comparing them is quite a struggle; I am here to ease it all for you. I will compare these exchanges in-depth and tell you which of the two will best fit your trading strategies.
Let’s begin with some basic details about these companies.
Bybit vs Bitget: Compared
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Bybit
One of the most prominent names in the cryptosphere that has captured the eyes since its launch is Bybit. This crypto trading platform was launched in 2018, headquartered in Singapore, and registered in the British Virgin Islands, with its key focus on compliance, security and product.
This has attracted 10 million users worldwide, building trust and innovation in its ecosystem. It offers up to 100x leverage readily on all crypto pairs on the platform. Celebrating 10 million users on the platform, Bybit is offering a fee waiver on all spot trading pairs, which you should take advantage of.
Bitget
On the other hand Bitget is another great crypto exchange in the cryptoverse for variable crypto trading strategies. It was also founded in the same year, 2018 and Singapore. It is a reliable crypto exchange which has been granted regulatory approvals in Canada, the US and Australia.
There are, at the moment, more than 2 million registered users, and this number is on a rapid increase. The platform is currently offering a sign-up bonus of $4163 or 158 USDT, and Spot trading on Bitget is also free. Bitget offers up to 125X leverage on the available cryptocurrency pairs on the platform.
ByBit Offer: Get upto $30,000 Bonus on your First Deposit using this link to sign up. |
Bybit vs Bitget: Supported Cryptocurrencies
Bybit
Bybit currently offers more than 119 crypto coins, including all the major ones like BTC, ETH, EOS, USDT, DOGE, XRP and many more. All these assets seamlessly integrate with the product offerings of this platform.
Bitget
Bitget, on the other hand, offers a broader range of crypto assets; currently, there are more than 242 crypto coins, including the most famous ones like BTC, EOS, DOGE, USDT, ETH, XRP, SOLANA and many more.
Verdict: Clearly, Bitget is the winner in this segment as it offers far more assets than Bybit.
Bybit vs Bitget: Product Offerings
Bybit
Bybit offers a wide range of crypto trading products which you can explore and experiment with; these are:
- Spot Trading
- Derivatives Trading
- Buy Crypto
- Options Trading
- Bybit Earn
- Mobile App
- Trading Bot
- Margin Trading
- Copy Trading
- Futures Trading
- P2P Trading
Bitget
Bitget also comes with a broad offering of crypto trading products, like:
- Futures Trading
- Copy Trading
- Spot Trading
- Bitget Earn
- Margin Trading
Verdict: Bybit offers far more products than Bitget and is a clear winner in this segment.
Bybit vs Bitget: Order Types
Bybit
You can use various order types readily supported on Bybit’s platform, using which you can take full advantage of the market. These order types are:
- Market Order
- Limit Order
- Conditional Order
Bitget
Similarly, Bitget also has a subtle compilation of order types. These are:
- Market Order
- Limit Order
- Trigger Order
Verdict: Both exchanges offer similar order types; hence, it’s a tie in this segment.
Bybit vs Bitget: Fees Comparison
Bybit
Bybit’s fee structure constitutes 3 types of fees; let’s discuss them now.
Trading Fees
| 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% |
However, these spot trading fees are free for a limited period.
ByBit Offer: Get upto $30,000 Bonus on your First Deposit using this link to sign up. |
Deposit and Withdrawal Fees
Bybit doesn’t charge any deposit fee on the platform. However, there is a withdrawal fee which is pretty minimal; I have mentioned them below:
Withdrawal Fees
| 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 |
Bitget
Bitget also constitutes 3 types of trading fees which are:
- Spot Trading Fees: The spot trading fees follow a maker/taker fee model. However, there is no spot trading fee charged on Bitget currently.
- Futures Trading Fees: This fee also follows a maker/taker fee model where 0.020% is charged for the maker and 0.060% for the taker for all the trading pairs supported on Bitget.
- Deposit and Withdrawal Fees: Bitget doesn’t charge deposit fees to fund your wallet. However, the withdrawal fees are vast and depend on the asset you choose to withdraw. Though these fees are pretty minimal, you can refer to this page to understand them in detail.
Verdict: Bybit offers lesser trading fees and is the winner in this segment.
Bybit vs Bitget: Account Funding Methods
Both platforms offer different funding methods; let’s compare them on this basis.
Bybit
Starting with Bybit:
- Method 1: It supports 59 fiat currencies. The payments through your account on the platform are handled by some of the most trusted third-party payment providers like Banxa, XanPool, MoonPay, Simplex, Paxful and Mercuryo.
- Method 2: You can even fund your account through cryptocurrency transfers from your wallet.
Bitget
On Bitget as well, there are 2 different methods of funding your account. These methods are:
- Method 1: Bitget currently supports 30 fiat currencies. You can use these to buy crypto directly and fund your wallet.
- Method 2: You can also deposit crypto into your Bitget wallet from another cryptocurrency wallet directly, and this process is quite simple and quick.
ByBit Offer: Get upto $30,000 Bonus on your First Deposit using this link to sign up. |
Bybit vs Bitget: Trading Platform Comparison
Bybit
Bybit’s trading platform and interface are equipped with all the options for optimum Trading. I should say that Bybit’s interface is one of the favourites I have used till now. It is a beginner-friendly and advanced trading-worthy exchange.
No matter what is your trading strategy, Bybit will fit in flawlessly. Additionally, it offers a Dual Price Mechanism that protects you from price and trade manipulations. Bybit even provides something called Testnet, which helps beginner traders understand the platform’s key functionality and features without involving your actual funds.
Bitget
Bitget also houses a robust yet subtle trading interface that houses all the industry-leading functionality and features. Both web and mobile versions are well designed and laid out as well as are easy to navigate with all the advanced trading options present at your fingertips.
The platform is designed to aid both advanced traders as well as simple to understand by beginners. As the interface itself leverages TradingView, it is appropriate for any skill level and requirement of the trader. I also liked that the exchange interface is customizable, something not so common.
Verdict: With my experience on these platforms, I must say Bybit has one of the best user interfaces in the cryptosphere, making it the winner in this segment.
Bybit vs Bitget: Account Types
Bybit
Bybit allows complete access if your account is verified under its KYC policies. Additionally, you can also trade anonymously without sharing your personal information but with limited accessibility.
Your account will be acknowledged under level 0 by default when you register on the exchange. You don’t need to go through any KYC processing at this level, but the daily withdrawal limit will be set to 2 BTC.
At level 1, which is the corresponding level, you need to submit a request following this process:
- Click the “Account & Security” tab present in the upper right-hand corner of the home page
- Click the “Verify Now” tab in the “Identity Verification” column under the “Account Information” tab.
- Click” Verify Now” under Lv.1 Basic Verification
Documents required:
- Documents issued by the government of your origin country (passport/ID)
- Facial recognition screening
For account verification level 2, follow these steps:
- Click the “Account & Security” tab present in the upper right-hand corner of the home page.
- Click the “Verify Now” tab in the “Identity Verification” column under the “Account Information” tab.
- Click” Verify Now” under Lv.2 Residency Verification.
Information required:
- Proof of residence
Once your documents are accessed and verified (within 48 hours of upload), you will receive an approval email; you can withdraw up to 100 BTC equivalent funds daily.
Bitget
Identity Verification or Know Your Customer (KYC) standards are required for all users on Bitget to protect the account against fraud and financing risks. Completing the KYC process enables you to access all Bitget products and services.
The verification process on Bitget is straightforward. To complete this process, simply login to your account, click on [Account Information], and complete with your nationality, first name, last name, and pictures of your government-issued ID.
ByBit Offer: Get upto $30,000 Bonus on your First Deposit using this link to sign up. |
Bybit vs Bitget: How to get started?
Bybit
You can follow these steps to register on Bybit
- Go to the Bybit website and click the “Sign Up” button on the top.
- Choose your preferred registration method- contact
number or email. Under both methods, you must enter the required information and the code you’ll receive depending on your chosen method.
You can register via your telegram or google account as well. Once you’ve registered, complete the KYC procedures according to your requirements and start trading.
Now, you can carry on funding your account via different methods on the platform and make withdrawals of your profits.
Bitget
The registration procedure on Bitget is quite similar to any other exchange; follow these steps to create an account and register:
- On Bitget’s homepage, visit the sign-up page to register for an account.
- Enter your email ID, set a secure password and complete the KYC procedures as I told you about earlier.
- That’s it; now, you can fund your account using the methods supported on Bitget and start trading.
Bybit vs Bitget: Customer Support
Bybit
The platform provides support through live chat and email in multiple languages like English, Korean, Russian, Chinese, Japanese, Spanish and Vietnamese, which is helpful for users worldwide. The customer support team is quite knowledgeable and responsive.
Bitget
There are various ways to reach customer support on Bitget. If you have any queries, Bitget provides live chat, detailed tutorials, and guidelines for all trading-related procedures. It also has a FAQ section covering all the fundamentals of Trading.
ByBit Offer: Get upto $30,000 Bonus on your First Deposit using this link to sign up. |
Bybit vs Bitget: Security Features
Bybit
Bybit has an impenetrable security system; it spends 20% of its annual budget, which is significantly more than the industrial average. Its servers store all the deposit addresses in cold wallets worldwide with an advanced encryption system.
In addition to this, Bybit also has a rigid and regulated policy regarding system security, crypto-asset consolidation, monitoring, operations and audit. Bybit also integrates two-factor authentication and SSL encryption for a safe and secure user experience.
Bitget
Bitget is a licensed platform by several regulatory authorities in Australia, Canada and the US. It uses a combination of hot and cold wallets, storing most of the user’s funds in cold storage. You also get an option of two-factor authentication, which you can activate anytime for an additional layer of security.
- Is Bybit safe?
A clear answer to this question is, yes, this platform is pretty safe and legit. With 24×7, responsive customer support and military-grade cold wallet security, Bybit is one of the market’s most trusted, leading, safe, secure and transparent platforms.
- Is Bitget safe?
Yes, Bitget is a safe platform as it is certified and regulated by various renowned authorities worldwide.
The platform has three licenses for the US, from Canada with the Financial Transactions, The Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury and Reports Analysis Center of Canada (FINTRAC), and in Australia through Australian Transaction Reports and Analysis Center (AUSTRAC).
Additionally, it also offers all the advanced security features, so safety is not an issue on Bitget.
Conclusion: Is Bitget better than Bybit?
Though these platforms look pretty similar at first glance, comparing them head-to-head clearly, Bybit is a better deal.
The Main difference between Bybit and Bitget is that Bybit offers higher liquidity with lower trading fees as compared to Bitget. With all the features and functionalities, as well as leading in the crypto trading exchange market, Bybit holds the winning spot in this comparison.
Therefore, without a second thought, go check them out now by clicking here.
Our 2023's Recommendation |
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Learn how does Bybit and Bitget stack up against the competition.
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