Bybit vs Binance (2026): Fees, Security, Withdrawals and Which to Choose
Last updated: November 2, 2026. This comparison is updated as Binance’s October 2026 incident develops.
Disclosure: the Binance and Bybit sign-up links on this page are affiliate (referral) links. If you sign up through them we may earn a commission at no extra cost to you. It does not change our comparison; see our affiliate disclosure and review method.
Risk warning: crypto trading and leverage are high risk and you can lose all of your money. Both exchanges have had large hacks. This is general information, not financial advice. Check that each exchange is legal and available in your country.
Short answer: Binance and Bybit charge the same base spot fee (0.10%) and both offer a very wide product range. Binance has a larger user base, a clearly published withdrawal fee table and a 25% fee discount with BNB, but it was hit by a reported $6.3 billion hack in October 2026 and has a heavy compliance history. Bybit is strong in derivatives, copy trading and a crypto card, and was hacked for about $1.5 billion in February 2025. Neither is clearly “safer”: choose the one that is legal in your country and whose recent record you are comfortable with.
Bybit vs Binance at a Glance
| Binance | Bybit | |
|---|---|---|
| Founded | 2017 | 2018 |
| Users (own claims) | 335 million+ (homepage, Oct 2026) | 90 million+ (homepage, Oct 2026) |
| Spot fee (regular user) | 0.10% maker / 0.10% taker; 0.075% when paying with BNB | 0.10% maker / 0.10% taker |
| Perpetual futures | See Binance’s official futures schedule | 0.02% maker / 0.055% taker (VIP 0) |
| Fee discount token | BNB (25% off spot) | MNT (pay fees in MNT) |
| Crypto deposit fee | None (official) | Generally none |
| USDT withdrawal on BNB Chain (BEP20) | 0.01 USDT (official table) | Shown in the withdrawal window; Bybit guides estimate about 0.5-1 USDT |
| Main products | Spot, margin, futures, options, Earn, P2P, stocks, TradFi futures | Spot, perpetuals, options, copy trading, bots, Earn, card, P2P, TradFi |
| Not available in | Restricted in several countries; US users use Binance.US | United States, Canada, Hong Kong, Singapore, mainland China and others (official list) |
| Largest security incident | About $6.3 billion, October 29, 2026 (reported; investigation open) | About $1.5 billion, February 21, 2025 |
| Compliance history | $4.3 billion US settlement in 2023 | Regulator warnings in some countries, for example Japan in 2023 |
Fees: Binance vs Bybit
For a regular spot user the base fee is identical at 0.10% for makers and takers. Binance lowers it to 0.075% when you pay fees with BNB. On perpetual futures, Bybit publishes a 0.02% maker and 0.055% taker base rate. Both exchanges cut fees at VIP levels based on volume or balance, and Bybit adds that actual rates may vary by region. For small withdrawals the difference is cents, so trading fees and security matter more. See the full fee tables in our Binance review and Bybit review.
Deposits and Withdrawals
Binance’s official page says it does not charge deposit fees, and lists USDT withdrawals at 0.01 on BNB Smart Chain, 0.3 on Solana, 0.6 on Ethereum and 1.5 on Tron. Bybit shows the fee for the coin and network in the withdrawal window, and its guides suggest roughly 0.5 to 1 USDT on BNB Chain and about 1 USDT on Tron. Both are cheapest on BNB Chain or Tron for USDT, and both are expensive on Ethereum when gas is high. Always match the network on both sides.
Products and Features
- Binance: the broadest market of coins and pairs, spot, margin, futures, options, Earn, P2P, and newer stock and TradFi products.
- Bybit: a derivatives-first platform with a Unified Trading Account, copy trading, bots, Earn, a crypto card with advertised cashback, and TradFi markets such as stocks and gold.
Security and Trust
Both exchanges have lost customer-related funds in major attacks. Bybit lost roughly $1.5 billion in February 2025, attributed to North Korea’s Lazarus Group, and says it covered the shortfall. Binance reported a theft of about $6.3 billion on October 29, 2026, said it will absorb the losses and has replaced about 95% of the affected assets, began reopening withdrawals in phases on November 1 (with about $3.64 billion in net outflows reported), and the FBI said North Korea was responsible. The investigation is still open and a full proof of reserves was expected around November 2 or 3. Read our Binance hack article for details. Neither exchange is risk free, so keep only what you trade on an exchange, use two-factor authentication and withdraw long-term holdings to your own wallet.
Availability
Bybit’s official page excludes the United States, Canada, Hong Kong, Singapore, mainland China and other jurisdictions. Binance.com restricts several jurisdictions, and US residents use Binance.US. The rules change, so check each exchange’s current terms and your local law before you register.
Who Should Choose Which?
| If you want… | Choose |
|---|---|
| The widest list of coins and the biggest user base | Binance |
| A clearly published withdrawal fee table and BNB fee discount | Binance |
| Derivatives focus, copy trading and a card in one app | Bybit |
| To avoid an exchange with an open security investigation right now | Bybit (but check its own record and your country’s rules), or wait for Binance’s proof of reserves |
Bybit vs Binance FAQ
Which has lower fees, Bybit or Binance?
Base spot fees are the same at 0.10%. Binance goes to 0.075% with BNB, and Bybit offers lower rates through VIP levels and MNT fee payment. Perpetual fees and VIP thresholds differ, so compare for your volume.
Is Binance or Bybit safer?
Neither is risk free. Bybit was hacked for about $1.5 billion in 2025 and Binance for about $6.3 billion in October 2026. Check proof of reserves, use strong security settings and keep long-term funds in your own wallet.
Which is cheaper to withdraw USDT from?
Binance’s official table shows 0.01 USDT on BNB Smart Chain. Bybit shows the fee in the withdrawal window and its guides suggest a bit more. The difference is small.
Can I use both?
Yes, many traders use more than one exchange to spread risk and compare prices. Do not move large funds before testing the network and address with a small withdrawal.
Where can I read full reviews?
See our Binance review, Bybit review and the best crypto exchanges comparison.
Our Verdict
Both are capable, low-fee exchanges, and the choice comes down to availability in your country, the products you need and how you weigh their recent security incidents. If you decide to open an account, you can check Binance and Bybit, start small and test a withdrawal early.
Method: fees, products and restricted countries are from each exchange’s official pages (Binance fee pages, Bybit fee-structure and restricted-countries help pages), user and volume figures are the exchanges’ own claims, and incident details are from CoinDesk and CNBC reports. Checked November 1, 2026. Fees and policies change, so confirm them on the official sites.