Bybit vs Binance in 2026 — Which Exchange Is Better?

Overview

Bybit and Binance are two of the largest cryptocurrency exchanges in the world. Both offer spot trading, futures, copy trading, and staking — but they differ in fees, UX, and regional availability.

This guide breaks down the key differences so you can make an informed decision about where to trade.

Fee Comparison

Fees are often the deciding factor for active traders. Here's how the two stack up in 2026.

Bybit charges 0.10% for spot trading (maker and taker) and just 0.02% maker / 0.055% taker for perpetual futures. Binance charges 0.10% for spot and 0.02% maker / 0.05% taker for futures.

The difference is marginal, but Bybit edges ahead when you factor in referral discounts — up to 20% off trading fees when you sign up through a partner link.

Leverage and Derivatives

Both exchanges offer up to 100x leverage on major pairs like BTC/USDT. Bybit was originally built as a derivatives-first platform, which means its futures trading engine is highly optimized for speed and reliability.

Binance offers a wider range of derivative products including options and leveraged tokens, but Bybit's perpetual futures experience is considered smoother by many professional traders.

User Experience

Bybit has a cleaner, more focused interface. Everything is easy to find, and the onboarding process takes under 10 minutes. TradingView charts are built in natively.

Binance offers more features, but the interface can feel overwhelming — especially for beginners. The sheer number of menus, sub-products, and notifications can be confusing.

Security

Both platforms use cold wallet storage, mandatory 2FA, and real-time risk monitoring. Neither has suffered a major hack to date.

Bybit publishes regular proof-of-reserves reports and has been transparent about its security practices. Binance also provides proof of reserves, though it has faced more regulatory scrutiny globally.

Regional Availability

Binance is restricted in several major markets including the US (Binance.US operates separately), while Bybit has its own restrictions in the US, UK, and some EU countries.

If you're outside these restricted regions, both platforms are fully accessible. Check each exchange's terms of service for your specific location.

Copy Trading

Both platforms offer copy trading, but Bybit's implementation is more integrated and easier to use. You can browse top traders, see their performance history, and start copying with just a few clicks.

Binance's copy trading is solid but feels more like an add-on feature rather than a core part of the platform.

The Verdict

If you're a derivatives trader who values clean UX and low futures fees, Bybit is the better choice. If you need access to the widest possible range of altcoins and DeFi products, Binance has the edge.

For most traders — especially beginners — Bybit's simplicity, competitive fees, and generous signup bonuses make it the stronger pick in 2026.