Bybit vs Bitfinex

Bybit vs Bitfinex Comparison Table 2024
Bybit	Bitfinex
Review 3.1	Review 3.9

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.	Bitfinex is a crypto trading firm with a powerful proprietary platform and a good range of digital assets. With 180+ cryptocurrencies and 430+ market pairs traded via spot or perpetual swap derivatives, this is a flexible exchange with plenty of opportunities for serious crypto traders. Bitfinex also offers decent leverage up to 1:10.
Bonus Offer
Up To 4030 USDT Welcome Bonus	Referral codes
Comment by Reviewer
"Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives."	"Experienced crypto traders who want to trade spot or derivatives in high volumes will find a good match in Bitfinex."
Pros
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	Excellent selection of cryptos with hundreds of tokens including Bitcoin Perpetual swap derivatives trade with up to 1:10 leverage Powerful in-house terminal is compatible with MT4 and MT5 BitGo instant for zero confirmations on instant Bitcoin transactions Reliable multilingual customer support Staking program (ie: ETH staking) API Python 3 key Web socket Quandl data
Cons
Bybit is not currently regulated in any country Residents of some countries are restricted from opening an account, including clients from the US	Not as user-friendly as some competitors History of security breaches raises concerns Lengthy verification process can take up to 8 weeks
Instruments
Cryptos, Futures	Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0	$10,000
Trading Platforms
MT4 TradingView	MT4 MT5 AlgoTrader
Payment Methods
Bitcoin Payments Credit Card Ethereum Payments Mastercard Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Simplex UnionPay Visa Wire Transfer
Minimum Trade
0.001 Lots	$10 - $25
Margin Trading
Yes	Yes
STP Account
Yes	No
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
Yes	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
Yes	Yes
Spot Trading
Yes	Yes
Mobile Apps
Yes (iOS & Android)	iOS, Android
Auto Trading
Via 3rd party software	Yes
Copy Trading
Yes	No
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
No	No
VPS Hosting
Yes	No
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	USD EUR GBP JPY
Cryptocurrency
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.	Bitfinex offers clients trading on a superb range of crypto assets, including more than 180 tokens. Perpetual swap trading is supported in addition to spot, giving traders access to margin trading on crypto assets with up to 1:10 leverage.
Spread
Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1%	Taker (0.2% to 0.055%) and maker (0.1% to 0.0%)
Coins
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	BTC ETH USDT LTC XRP DOGE ETC EOS LINK BCHN DOT DASH IOTA SUSHI NEO ZEC UNI ADA OMG MDOGE BSV TRX XTZ SOL XLM YFI USDC ZRX FIL VET XMR COMP BTG DAI LUNA CEL ALGO ATOM EGLD FTT AVAX MKR LEO BTT CHZ BAT BAND QTUN CLO AAVE XDC HEZ KNC ZIL MANA BAL UOS
Crypto Lending
Yes	Yes
Crypto Mining
Yes	No
Crypto Staking
Yes	Yes
Auto Market Maker
No	No

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