Bybit vs Nexo

Bybit vs Nexo Comparison Table 2023
Bybit	Nexo
Review 3.1	Review 3.9 Nexo is #22 in our crypto broker rankings.
Traders from US not accepted See available crypto brokers	Traders from US accepted
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.	Nexo is a crypto trading platform that also acts as a gateway to DeFi crypto functions such as staking, borrowing and lending. The platform supports 60+ crypto tokens, which can be purchased with a fiat on-ramp and traded in 500+ market pairs. The exchange operates a zero-fee policy allowing a set number of completely free withdrawals per month and fee-free trading.
Bonus Offer
Up To 4030 USDT Welcome Bonus	Loyalty scheme with various bonuses, plus referral program
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."	"Nexo is good for traders who want a straightforward way to access DeFi crypto markets and earn interest on their digital assets."
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	Convenient way to buy, stake, lend and borrow crypto through one platform Allows users to borrow against their crypto holdings 2 factor authentication for added security Advanced Nexo Pro trading platform Referral program with $25 in BTC Very affordable pricing structure High-yield interest savings OTC trading capabilities Audited by Armanino Earn NEXO tokens
Cons
Bybit is not currently regulated in any country Residents of some countries are restricted from opening an account, including clients from the US	Restrictions on using the native tokens for New York and Vermont US residents High collateral requirement of 200% of the amount you wish to loan Relatively small selection of crypto tokens which misses newer altcoins Native tokens are required for maximum interest rates Limited free cryptocurrency withdrawals No crypto derivative trading
Instruments
Cryptos, Futures	Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0	$10
Trading Platforms
MT4 TradingView	Own
Payment Methods
Bitcoin Payments Credit Card Ethereum Payments Mastercard Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card
Minimum Trade
0.001 Lots	$30
Regulator
	ASIC, FCEN
Margin Trading
Yes	No
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	No
Spot Trading
Yes	No
Mobile Apps
Yes (iOS & Android)	iOS & Android
Auto Trading
Via 3rd party software
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
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.	Nexo traders can buy and sell 60+ cryptocurrencies using fiat, or trade between 500+ market pairs. The app functions as a crypto wallet, meaning that clients will own their own tokens but Nexo will have custody of them. Crypto assets can be transferred from the Nexo wallet. Fees are low and user security is high.
Spread
Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1%	N/A
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 NEXO USDT USDC AXS RUNE MATIC DOT APE AVAX KSM ATOM FTM NEAR BNB ADA SOL XRP LTC LINK BCH TRX XLM EOS PAXG UNI DOGE MANA SAND GALA SUSHI AAVE CRV MKR 1INCH DAI USDP TUSD
Crypto Lending
Yes	Yes
Crypto Mining
Yes	No
Crypto Staking
Yes	Yes
Auto Market Maker
No	No

Review	Review
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