Bybit vs Bingx: Which is Better?
Both Bybit and BingX are popular cryptocurrency exchanges, but they cater to different types of traders. Bybit is known for its derivatives trading and high liquidity, while BingX is famous for copy trading and beginner-friendly features.
Key Differences Between Bybit and BingX
| Feature | Bybit | BingX |
|---|---|---|
| Best For | Pro traders, derivatives | Beginners, copy traders |
| Trading Options | Spot, Futures, Options, Copy Trading | Spot, Futures, Copy Trading |
| Leverage | Up to 100x (futures) | Up to 125x (futures) |
| Supported Cryptos | 350+ | 600+ |
| Trading Fees | 0.1% (spot), 0.01% (maker/taker futures) | 0.1% (spot), 0.02%-0.05% (futures) |
| Deposit Methods | Crypto & limited fiat | Crypto, fiat, bank, and third-party payments |
| Copy Trading | Available | Advanced copy trading platform |
| Security | Strong (cold wallets, 2FA) | Secure (cold storage, 2FA) |
| Regulation | Unregulated but secure | Partially regulated in some regions |
| Customer Support | 24/7 live chat | 24/7 live chat |
| User-Friendliness | Suitable for experienced traders | Great for beginners |
Which One Should You Choose?
✅ Choose Bybit if:
- You prefer high liquidity and deep order books for trading.
- You want lower fees on futures trading.
- You need a professional trading platform with multiple trading options.
✅ Choose BingX if:
- You are a beginner and want an easy-to-use platform.
- You prefer copy trading to follow expert traders.
- You need more fiat deposit options and a simpler interface.
Would you like a comparison with another exchange? 😊