Bybit vs Bitget Showdown: Full Comparison of the Exchanges 2024

Dean Decho, 5 min read
Last Updated: 23 April, 2023

bybit vs bitget sign

Hey there! Ready to dive deep into the world of cryptocurrency trading platforms? Well, sit tight because today we’re going to compare two heavy hitters in our top crypto exchange list – Bybit and Bitget.

We’ll walk you through every feature and analyze their performance, so you can make the most informed decision about which platform is right for you. So, without further ado, let’s get started!

General Overview

Feature Bybit Bitget
Founded 2018 2018
Founder Ben Zhou Sandra Wu
Specialization Derivatives trading Derivatives trading
User Interface Intuitive and clean Modern and user-friendly

Bybit and Bitget were both founded in 2018, with Ben Zhou leading Bybit and Sandra Wu heading Bitget. Both platforms specialize in derivatives trading, providing users with access to leveraged trading options. When it comes to user interfaces, Bybit offers an intuitive and clean layout, while Bitget boasts a modern and user-friendly design.

Bybit Pros and Cons

Pros:

  1. Excellent liquidity and trading volume
  2. Competitive fees and high leverage options
  3. Robust security measures

Cons:

  1. Limited trading pairs
  2. No fiat deposit options

Bitget Pros and Cons

Pros:

  1. Wide variety of trading pairs
  2. User-friendly interface
  3. Strong security features

Cons:

  1. Slightly higher fees
  2. Lower trading volume compared to Bybit

Who is Bybit right for?

  1. Traders who prioritize high liquidity and trading volume
  2. Users seeking competitive fees and leverage options
  3. Security-conscious individuals

Who is Bitget right for?

  1. Traders looking for a wider variety of trading pairs
  2. Users who prefer a user-friendly interface
  3. Those who prioritize a platform with strong security features

In the general overview, Bybit and Bitget both have their strengths and weaknesses. Bybit excels in liquidity, trading volume, fees, and leverage options. However, it lacks in trading pairs and fiat deposit options. On the other hand, Bitget offers a wide variety of trading pairs and a user-friendly interface but falls short in terms of fees and trading volume.

Bybit vs Bitget: User Experience

Feature Bybit Bitget
Web Interface Intuitive and clean Modern and user-friendly
Mobile App iOS and Android iOS and Android
Customer Support 24/7 live chat, email, and social media 24/7 live chat, email, and social media

Both Bybit and Bitget offer top-notch user experiences with their web interfaces and mobile apps. Bybit’s interface is intuitive and clean, while Bitget has a modern, user-friendly design.

They both have mobile apps available for iOS and Android users, ensuring seamless trading on-the-go.

When it comes to customer support, both exchanges provide 24/7 live chat, email, and social media assistance.

Winner: Bitget

Bitget takes the lead in this category due to its modern and user-friendly interface, making it easy for both beginners and experienced traders to navigate the platform.

Bitget and Bybit Trading Pairs, Liquidity, and Volume Comparison

Feature Bybit Bitget
Trading pairs 370+ Wider variety 500+
Liquidity High High
Trading Volume High High but lower than Bybit

Bybit offers a smaller selection of trading pairs, which may not appeal to those looking for a diverse trading experience.

In contrast, Bitget provides a wide variety of trading pairs, catering to users with different trading interests.

When it comes to liquidity, Bybit has the upper hand with higher liquidity levels, ensuring smooth trading without significant price slippage. In terms of trading volume, Bybit again leads the way, boasting higher volumes than Bitget, which is an essential factor for many traders.

Winner: Bybit

Bybit wins this category due to its high liquidity and trading volume, which contribute to a more seamless and efficient trading experience.

Fees and Leverage

Feature Bybit Bitget
Maker fee -0.025% (rebate) 0.04%
Taker fee 0.075% 0.06%
Withdrawal Fee Standard Standard
Leverage options Up to 100x Up to 100x

Bitget offers competitive maker and taker fees, making it an attractive option for cost-conscious traders. In comparison, Bybit’s fees are slightly higher but still within industry norms. Both exchanges have standard withdrawal fees, and they both provide leverage options up to 100x, allowing users to maximize their trading potential.

Winner: Bitget

Bitget takes the lead in this category due to its competitive fees, which can make a significant difference in traders’ overall profits, especially for high-volume traders.

Security and Compliance

Feature Bybit Bitget
Two-factor Authentication Yes Yes
Cold Storage Yes Yes
Security Fund Yes Yes
Address Whitelisting Yes Yes
Anti-Phishing Code Yes Yes
Real-Time Risk Management Yes Yes
Asset Segregation Yes Yes
Secure Infrastructure Yes Yes

Security is a crucial factor for any cryptocurrency exchange, and both Bybit and Bitget take it seriously. They both offer two-factor authentication, cold storage, security funds, address whitelisting, anti-phishing codes, real-time risk management, asset segregation, and secure infrastructure to ensure the safety of users’ funds and personal information.

Winner: Tie

Both Bybit and Bitget excel in security and compliance, making them both reliable options for traders concerned about the safety of their funds and data.

Deposit and Withdrawal Options

Feature Bybit Bitget
Fiat Deposit Options No Yes
Cryptocurrency Options Yes Yes
Withdrawal Options Crypto only Crypto and fiat

Bybit does not offer fiat deposit options, which may be a deal-breaker for some users. In contrast, Bitget allows for fiat deposits, making it more accessible for those new to cryptocurrency trading. Both exchanges support cryptocurrency deposits and withdrawals. However, Bitget also provides fiat withdrawal options, adding to its versatility.

Winner: Bitget

Bitget wins this category due to its fiat deposit and withdrawal options, which make it more convenient and accessible for a wider range of users, especially those new to the world of cryptocurrency trading.

Trading Tools and Features

Feature Bybit Bitget
Mobile App Yes Yes
API Support Yes Yes
Margin Trading Yes Yes
Perpetual Contracts Yes Yes
Staking No Yes
Token Launch Platform No Yes
Advanced trading tools Yes Yes
Unique features Insurance fund Copy trading

Both Bybit and Bitget provide a comprehensive suite of trading tools and features, including mobile apps, API support, margin trading, and perpetual contracts. However, Bitget offers additional features such as staking, a token launch platform, and unique copy trading functionality. Bybit’s unique feature is an insurance fund that helps protect users from extreme market volatility.

Winner: Bitget

Bitget takes the lead in this category due to its additional features, providing users with more opportunities to earn and a more versatile trading experience.

FAQ for Which Exchange Takes the Lead in 2023?

Which exchange has better fees and leverage options?

Bybit offers more competitive fees and similar leverage options (up to 100x) compared to Bitget.

Which platform is more user-friendly?

Bitget is known for its modern and user-friendly interface, making it an excellent choice for users who prioritize ease of use.

How do the security features of both exchanges compare?

Both Bybit and Bitget excel in security, offering a range of features like two-factor authentication, cold storage, and real-time risk management to protect users’ funds and data.

Which exchange has better deposit and withdrawal options?

Bitget offers both fiat and cryptocurrency deposit and withdrawal options, while Bybit only supports cryptocurrency deposits and withdrawals.

Which platform offers more unique features and trading opportunities?

Bitget provides additional features such as staking, a token launch platform, and copy trading, making it more versatile for users seeking diverse trading opportunities.

Comparison Summary

bitget logo
Exchange

ecoinomy rating:

8.9/10

Max Leverage 100:1
Deposit Fees Debit card 3-4%
Trading Fees 0.1%
Regulations
Cryptocurrencies 500+ BTC logo CriptovaluteETH Criptovalute logoIOTA logoBCH logoRipple logoDASH logoADA logoEOS logoLTC logoTezos logoNEO logoXLM logoZEC logoETC logoOmise-Go logo
Payment Methods Crypto, Visa, MasterCard, Bank Transfer, SEPA
Number of Users 2.000.000+

Security

Fees

Ease of Use

Customer Service


Go to Bitget

bybit logo
Exchange

ecoinomy rating:

9.0/10


Max Leverage 100:1
Headquarters Dubai
Deposit Fees Card 2%
Trading Fees 0,075%
Cryptocurrencies 370 BTC kryptowaluta logoETH logo della criptovalutaBCH logo della criptovalutaRipple криптовалута логоADA криптовалута логоLTC криптовалута логоTezos криптовалута лого
Payment Methods Crypto, Visa, MasterCard
Number of Users 3.000.000+

Security

Fees

Ease of Use

Customer Service


Start here

In summary, both Bybit and Bitget are strong contenders in the cryptocurrency exchange space, each offering unique features and benefits that cater to different types of traders. Bitget takes the lead in user experience, deposit and withdrawal options, and trading tools, making it an excellent choice for users who prioritize versatility and ease of use. Bybit, on the other hand, excels in liquidity, trading volume, and fees, making it an attractive option for high-volume traders seeking competitive fees and a smooth trading experience. Ultimately, the right choice depends on individual preferences and priorities.

Check also our comparison Bybit vs Binance to find out which one is a better choice.

Overall Winner: Bitget

The overall winner is Bitget, although the competition was close. Bitget edged out Bybit due to its user-friendly interface, wider range of trading pairs, fiat deposit and withdrawal options, and additional features like staking and copy trading. However, Bybit remains a strong contender, especially for users who prioritize high liquidity, trading volume, and competitive fees.

 More Exchange Battles

Dean Decho

Dean is a passionate advocate for the financial freedom and independence offered by Bitcoin and the cryptocurrency space. Enthusiastic about the cutting-edge technology and the dynamic community behind it, Dean enjoys sharing valuable insights and empowering others to embrace the transformative potential of digital currencies.