BitMex vs Bybit

BitMEX vs Bybit Comparison Table 2023
BitMEX Review 2023	Bybit Review 2023
Review 3.2	Review 3.1
Traders from US not accepted See available crypto brokers	Traders from US not accepted See available crypto brokers
BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.	Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018.
Bonus Offer
Fee reduction for BMEX token holders	Up To 4030 USDT Welcome Bonus
Comment by Reviewer
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."	"Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives."
Pros
Great customizability using widgets within the platform, making it easier to see exactly what you want A platform solely designed for crypto makes it more streamlined than multi-asset terminals Access to a considerable amount of information directly from BitMEX, freely available on their site The opportunity to talk to investors from all over the world using the inbuilt chat functionality High levels of security, ensuring that trading on the exchange is relatively secure 24/7 A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin Earn interest on HODL-ing tokens – Tether and Bitcoin Highly leveraged crypto trading with rates up to 1:100 Insurance fund to avoid liquidation plus python API	Dual price mechanism reducing unfair liquidations Increased profit potential with leverage up to 1:100 24/7 customer help from a multilingual service team No limits on trades and withdrawals on any account Best-in-class market depth, minimum price impact trade execution Industry-leading cold wallet strengthens security and improves the safety of funds A useful risk management tool protecting retail traders against unfavorable price fluctuations 100,000 TPS per contract which results in no overloads with an ultra-fast matching engine that is 10x the industry average Retail clients can easily swap between supported coins within accounts, take profit and stop loss, strategy alerts, and adjust orders
Cons
BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies The interface is not as new, stylish or innovative as other options on the market Withdrawals are only carried out at a set time of day Legal dispute with US regulators resulted in fines Only Bitcoin is accepted for free withdrawals Range of crypto assets not as wide as rivals'	Bybit is not currently regulated in any country Residents of some countries are restricted from opening an account, including clients from the US
Instruments
Crypto	Cryptos, Futures
Demo Account
Yes	Yes
Minimum Deposit
$0.01	$0
Trading Platforms
AlgoTrader TradingView	MT4 TradingView
Payment Methods
Bitcoin Payments Ethereum Payments	Bitcoin Payments Credit Card Ethereum Payments Mastercard Visa Wire Transfer
Minimum Trade
Variable	0.001 Lots
Regulator
Republic of Seychelles
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
Yes	No
P2P Trading
Yes	Yes
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	Yes (iOS & Android)
Auto Trading
BitMEX Market Maker, BotVS, and via API	Via 3rd party software
Copy Trading
No	Yes
Copy Trading Platform
	Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge.
Social Trading
Yes	No
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
	EUR GBP TRY RUB
Cryptocurrency
BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.	Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options.
Spread
-0.01% maker, 0.075% taker	Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1%
Coins
BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS	BTC ETH EOS XRP USDT BCH LINK XTZU LUNA SRM TRX RUNE THETA STRM YFI WAVES DXPX ENS USDC ADA BEL BIC REN MKR LING CN98 CAKE CAPS BUSD BTT CBX CELO BTG BUSD KLAY BNB DOT AGLA AGLD LING DOME FIU FLOKI FITFI HOT ALGO FCD APEX AXS BAT ANKR BNT BOBA ALGO FIDA FL UNI AAVE SUSHI XEM APE ATOM AVAX DOGE ETC FTM LTC MATIC SAND SWEAT DLC AXS CHZ OP OKSE ZEN ZIL ZRX ACH ACM DYDX ELT FTT HERO NEXO MKR QMALL QNT REAL TRIBE INTER FAME REN ENS ELT ELJ DICE DRIV FLOKI FLOW GENE GMX IME KRL KOK NFT LWF KMON KASTA ICX CRAFT CWAR CTC CULT DEFY DFI DICE DRIV GSTS JST GODS IZI JASMY ERTHA COMP
Crypto Lending
No	Yes
Crypto Mining
No	Yes
Crypto Staking
Yes	Yes
Auto Market Maker
Yes	No

Review	Review
More Comparisons
BitMEX vs	Bybit vs