In 2023, Bybit and Pionex are one of the best options available in the cryptoverse, but when you want to choose one exchange between them, you end up in a tough dilemma, isn’t it?

But don’t worry; I’m here to solve that and help you select the ultimate platform that will fit your trading needs.

I will introduce you to all the different tools, functions and products that they offer and compare them to their core.

Our 2023's Recommendation

  • Upto 100x Leverage on BTC

  • Upto 50x Leverage on other currencies

  • Higher Volume & Liquidity 

  • Get upto $30,000 in Rewards using the below link

Bybit vs Pionex: At a Glance Comparison


On one side is Bybit, which was launched just 5 years ago and conquered the whole crypto market with just a click. Registered in the British Virgin Islands and headquartered in Singapore, this crypto exchange has more than 10 million users worldwide.

Bybit is the way to go if you are looking for advanced charting systems and products with minimal pricing. Other than that, Bybit also offers anonymous trading and doesn’t mandate KYC procedures. You can also use ByBit promo code to enjoy sign-up bonus.


On the other is Paxful, founded in 2019 and the world’s first exchange to offer automated trading bots. The exchange is known for processing more than 100 million trades a day.

Pionex will be the best for you if you are trading margin in the US and offers one of the widest ranges of crypto assets in the market with advanced level security and highly reviewed customer support.

So you know it will be really exciting to compare these exchanges head to head. Now, let’s begin by comparing them on what all crypto assets are available to trade in on these exchanges.

Bybit vs Pionex: Trading Markets, Product & Leverage Offered

Now let’s compare them on what crypto trading products are available on the platform.


Beginning with Bybit, this amazing crypto trading platform has a wide range of products, let’s see which are they:

  • Spot Trading: Buy and sell wide range of cryptos instantly which are settled in USDT, USDC, BTC, DAI, EUR with maximum leverage of up to 100x.
  • Trading Bot: Offers most essential trading bots including spot grid, DCA, futures grid bot.
  • Copy Trading: Highest ROI with win rate of more than 20%.
  • Leverage Trading: Maximum leverage of up to 100x.
  • Bybit Earn: Get high yields of up to 18% on your crypto holdings.
  • Options Trading: Diversify your trades with BTC, ETH and SOL options.
  • P2P Trading: 40+ fiat currencies and 400+ payment methods supported.
  • Futures Trading: Following are the types of futures contracts available on Bybit:
    1. Inverse Perpetual Contracts: BTC/USD, ETH/USDT, EOS/USD and many more.
    2. Linear Perpetual Contracts: BTC/USD, ETH/USD, LTC/USDT, DOT/USDT.
    3. Inverse Futures Contracts: BTC/USD quarterly.


On the other hand, Pionex has some of the most unique crypto trading products, which are:

  • Trading Bot: 16 Free built-in trading bots including DCA, rebalancing, grid bots to automate your trades.
  • Crypto Staking: Invest assets in Lido or Curve platform with 100% transparency and no leverage.
  • Spot Trading: Automate your spot trades with arbitrage bot and wide range of assets to choose from.
  • Leverage Trading: Enjoy upto 3x of leverage readily available for all the assets on the exchange.

Verdict: Bybit is a clear winner in this segment with a huge range of crypto trading products.

Bybit vs Pionex: Supported Cryptocurrencies


When it comes to supported crypto assets, Bybit has a wide range of them, and probably you will be able to find your favourite one on that.

The list counts 119 of them and includes Bitcoin, Ethereum, Litecoin, ZCash, DASH, Stellar, Lumens, two stablecoins, USDT and USDC, in standard exchange trading.

All the crypto assets seamlessly integrate with all the products and services offered by the exchange.


On the other hand, Pionex has an ultra-wide crypto asset list counting to more than 370 of them, including all your favourite ones like BTC, ETH, LTC, DOGE and UNISWAP.

These crypto assets also can be traded with all the order types and products that are offered by Pionex.

Verdict: Pionex is the clear winner in this segment, with far more crypto offerings than Bybit.

Bybit vs Pionex: Trading Fee Comparison & Deposit/Withdrawal Fee Compared

Bybit-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%



0.06% 0.04% 0.05% 0.006%
VIP 2 0.05% 0.02% 0.045%



0.04% 0.01% 0.0425% 0.002%
Pro 1 0.03% 0% 0.04%


Pro 2

0.025% 0% 0.035% 0%
Pro 3 0.02% 0% 0.03%


  • Deposit and Withdrawal Fees

There aren’t any deposit fees on Bybit; however, there are withdrawal fees which are as follows:

0.0005 0.005 0.25 0.1 10 1 5 0.1 0.001 0.02



On Pionex, you will find two types of fees as well. One of which is trading fees, and the other is deposit/withdrawal fees.

  • Trading Fees

Pionex charges just 0.05% on each trade; yes, that’s true, and that too, with no additional cost to use a trading bot. One of the lowest fees I have seen on any crypto exchange.

  • Deposit and Withdrawal Fees

withdrawal fee pionex

While depositing cryptocurrency, there are no charges; however, when you use a credit card in Europe, it’s 3.5%, and while using one outside Europe, it’s 4.5%.

Additionally, when withdrawing cryptocurrency from Pionex, you need to pay a flat fee depending on the coin.

Verdict: Even though the trading fees on Pionex are pretty low, but considering the additional deposit and withdrawal, which are variable depending on the asset, Bybit will surely be the better choice in terms of affordability.

Bybit vs Pionex: Order Types


  • Market Order
  • Limit Order
  • Stop-Limit Order

Conditional/ Advanced Order Types

  • Stop-Entry Order
  • Stop-Loss Order
  • Take Profit Order


  • Limit Order
  • Market Order
  • GRID Order

Grid order is Pionex’s own order type that allows you to set a lower and upper limits prices and the grid number used with trading bots. You can buy/sell in a specific price range in the batch.

Bybit vs Pionex: KYC Requirements & KYC Limits


When it comes to anonymous trading, Bybit allows you to do that with no strings attached but with limited accessibility. You can trade anytime without registration, but in order to get complete access while trading, you need to be KYC compliant.

When you register yourself on the account, your account is, by default, at level 0. For subsequent level 1 and the ultimate level with complete accessibility, that is, level 2, you need to submit government approved documents, facial screening and proof of residence.

Please go through the table below to understand the KYC requirements and restrictions better.

Country of Residence

Type of User

Daily Withdrawal Limit

Lifetime Withdrawal Limit

All Countries

Unverified Users

No trade or withdrawal access

India, China, Canada (except Ontario & Quebec)

Verified Users



Rest of the world

Level 1 Verified – Phone



Level 2 Verified – Phone and Identity



Level 3 Verified – Identity and Address




On the other hand, Pionex doesn’t allow you anonymous trading capabilities and mandates KYC procedures. There are two levels of verification which affect your withdrawal limit; you can go through the following table for more details.

KYC level/Functions



Withdrawal limit


KYC unverified





KYC Lv.1



2,000 USD


KYC Lv.2



1,000,000 USD

Buy Crypto (Credit Card)

There are specific requirements to be verified on the platform, which are:

  • KYC Lv.1: Country of residence, SMS verification
  • KYC Lv.2: Government-issued ID, Facial recognition

Bybit vs Pionex: Deposits & Withdrawal Options

Now, let’s see what are account funding methods available on these platforms.


The first method on Bybit allows you to deposit funds via the 59 fiat currencies supported through the industry’s best and most trusted third-party payment providers like Murcuryo, Paxful, MoonPay, Simplex, Banxa and XanPool.

The second method is to deposit crypto from your existing account wallet directly.


Coming to Pionex, the platform also offers two of the most essential ways of account funding. The first is by using a card on the Pionex Lite app available for both Android and iOS.

It allows you to deposit using your debit or credit card, where you can purchase cryptocurrency with the mobile app and transfer crypto to the exchange.

The second option is to directly transfer cryptos from another existing exchange account to your Pionex account.

Bybit vs Pionex: Trading Platform & Platform Experience Comparison


Bybit comes with one of the most extensive real-time charting systems powered by TradingView, which has all the tools and features available at your fingertips. The trading engine is capable of processing 100,000 transactions per second.

Along with that, there are some highlighting features that are worth noting, which include a dual price mechanism that prevents unfair liquidation of positions and a robust API that refreshes every 20ms with precision.


The most highlighting feature the Pionex is known for its trading bot capabilities. You can even integrate Pionex with other exchanges and take advantage of their functionalities.

Pionex also has a powerful trading engine which is capable of handling millions of transactions per second. It comes with basic charting tools, and all the essential trading features are readily available to you.

Bybit vs Pionex: How to get started?

Now let’s discuss how you can get registered on ByBit and Pionex:


  1. On Bybit’s official webpage, click on the ‘Sign Up’ button.
  2. Now choose your preferred registration method, after which you will be asked for the verification code that you’ll receive on your preferred method of registration.
  3. After entering the verification code, you are registered on the exchange.


  1. On the sign-up window on the Pionex webpage, enter the mobile number or email ID and a strong password. Then click the ‘Sign-up’ button.
  2. A verification code will be sent to your chosen method of registration, which you would need to enter and then click ‘Sign Up’.
  3. You can opt for two-factor authentication on the pop-up window and click ‘Continue’. Now scan the QR code and enter the verification code via the google authenticator mobile app if you opt for two-factor authentication.
  4. After entering the code, you are registered on Pionex.

Bybit vs Pionex: Customer Support


If anything goes wrong or you have a concern about something, the customer support team is always there to help you with superior and unmatched service. They are available round the clock and can be reached through live chat or email.

Additionally, Bybit also has inbuilt FAQ and Learn sections which you can always use for any of your queries or to get knowledge about intensive crypto trading.


Similarly, on Pionex, the customer support infrastructure has been immensely appreciated by users worldwide. Being dedicated and responsive, the team is available at your service 24/7.

You can reach them through various platforms, a dedicated web portal, Telegram, Discord, Twitter, you name it. Pionex also offers an extensive FAQ section where you would find answers to almost all your queries.

Bybit vs Pionex: Security Features


Bybit is quite serious and stringent when it comes to security, with regular audits and a rigid regulatory system for its exchange’s security. Additionally, it comes with all the standard security protocols like:

  • Two-Factor Authentication
  • Crypto-Asset Consolidation
  • SSL Encryption

So, you know you can trust Bybit with your funds.


Similarly, Pionex is nowhere behind when it comes to security. It offers top-notch security systems with industry-standard security features and vault-like functionality.

Pionex holds a money services business license from FinCEN. They implement military-grade security features to ensure that their user’s data is perfectly uncompromised.

There haven’t been any reports of security breaches or any type of theft on the platform. Additionally, the exchange also integrates API keys for crypto cash withdrawals and two-factor authentication options making your crypto holdings safe and secure.

Is Bybit safe & Legal to Use?

Yes, Bybit is undoubtedly a safe and legal crypto exchange platform with all its industry’s best security features and real-time monitoring of crypto holdings.

It has reputable customer assistance as well as a military-grade cold wallet that ensures that your crypto funds are going nowhere.

Is Pionex safe & Legal to Use?

Similarly, Pionex is also a safe and legitimate crypto trading platform as it integrates with the leading crypto exchanges, which are totally legal in the first place and offers the best and most secure ecosystem for extensive crypto trading.

Conclusion: Why not use both?

Bybit and Pionex are both equally capable crypto exchanges which are best in their segments. Both exchanges offer the best crypto trading functionalities that are great for advanced crypto trading.

But when it comes to choosing an ultimate crypto exchange, my recommendation is that if you are a trader looking to test different trading products and tools, you can go for Bybit, as bybit allows demo trading and also offers all the advanced tools for trading.

On the other hand, if you want to trade using crypto bots solely, then Pionex is the way to go. With more than 16 free bots equipped with all the advanced features, you can really automate your trades to skyrocketing profitability.

So get your hands on these crypto exchanges with exciting offers by clicking the links provided and start your trading journey today.

Our 2023's Recommendation

  • Upto 100x Leverage on BTC

  • Upto 50x Leverage on other currencies

  • Higher Volume & Liquidity 

  • Get upto $30,000 in Rewards using the below link

See how Bybit & Pionex compares to other crypto exchanges:

Nayan Roy
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