Bybit is one of the top exchanges in the world. It is an exchange that has users all over the world and is expected to grow in the future. On the other hand, bitbank is used by many Japanese users as a Japanese virtual currency exchange. Which is better when choosing a virtual currency exchange?
What is Bybit?
Bybit is a cryptocurrency exchange based in Dubai. There are many users and they are distributed all over the world. You can check the company profile etc. in the following article. You can also check the license acquisition status.
What is bitbank?
Bitbank is a virtual currency exchange launched by Bitbank Co., Ltd. in March 2017. Among the virtual currency exchanges in Japan, it handles the largest number of issues, with 27 types. However, this exchange is for spot trading only.
word of mouth and reputation
Bybit’s platform is highly rated. Whether it’s features or speed, it gets pretty high marks. Futures trading is rated for those who are familiar with derivatives and their specifications.
Region, country and distribution of registered users
The distribution below is taken from a site called Traders Union. Traders Union is a website founded in 2010 that introduces reviews and reviews of cryptocurrency and forex sites. Bybit has the most users in Japan. America will be next. Bybit is well known in East Asia and North America, and is used by many users. In addition, there are many users in South America.
Source : TradersUnion
Bybit VS bitbank
| Bybit | bitbank | |
| Company | Bybit Fintech Limited | Bitbank Co., Ltd. |
| Headquarters | UAE | Japan |
| Found | 2018 | 2017 |
| Max Leverage | 100 | – |
| Cryptocurrencies | 150～ | 27 |
| Native Token | BIT | – |
| Maker Fee | 0.01% | 0.02％ |
| Taker Fee | 0.06% | 0.12％ |
| Promotion | Account Open Bonus $5 Deposit bonus $30,000 USDT BTC Deposit Bonus $5 Refer a friend campaign 30% USDC Festival in Spring Others… | 1000 yen Campaign Trade Fee 0 Campaign |
| Security | High | High |
| Staking | 〇 | 〇 |
| Loss Cut | – | – |
| Mobile App | 〇 | 〇 |
| Live Chat Support | 〇 | × |
| Withdraw Merthod | Crypto | Bank Transfer Crypto |
| Deposit Method | Bank Transfer P2P Debit/Credit card Ethereum | Bank Transfer Crypto |
| Demo Account | 〇 | 〇 |
| Minimum Deposit | $0 | |
| Minimum Trade | 0.001BTC | 0.00000001 BTC |
| MetaTrader 4 | 〇 | × |
| MetaTrader 5 | × | × |
| cTrader | × | × |
| Futures Trading | 〇 | × |
| P2P Trading | 〇 | × |
| Spot Trading | 〇 | 〇 |
| Copy Trading | 〇 | × |
| Auto Trading | 〇 | 〇 |
| VPS Hosting | 〇 | × |
| Social Trading | × | × |
| Trade Instruments | Spot, Futures, P2P, NFT | Spot, lending service |
Handling virtual currency
Bybit is completely more in terms of the number of virtual currencies handled. In the case of bitbank, there are only 27 types, so the number is very limited.
Maximum leverage
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. On the other hand, bitbank does not have leverage trading.
trade tools
Bybit is easier to use in terms of trading tools. This is because it supports MT4. MT4 is a popular tool for traders around the world. bitbank uses original trading tools.
campaigns, bonuses
Bybit is clearly better in terms of promotions and bonuses. Bybit also conducts campaigns irregularly, so there are many events throughout the year. There is a bitbank campaign, but I do not recommend it at all because the acquisition conditions are strict and the amount you can receive is small.
transaction fee
Bybit is clearly cheaper for both taker and maker fees. Japanese virtual currency exchanges will have slightly higher fees.
NFT
In principle, bitbank only allows spot transactions, but Bybit recently started handling NFTs, so there are a wide variety of stocks.
Recommended by Bybit
If you want to take full advantage of promotions and bonuses, Bybit is definitely recommended. You can open a Bybit account from the following article. Please refer to the instructions on how to open an account.
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