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, Bitfinex is supported by users around the world, mainly Americans. 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 Bitfinex?
Bitfinex is a cryptocurrency exchange established in the British Virgin Islands. This exchange has a track record of over 10 years of operation, so it is very trusted, and since it currently operates in 52 countries, it will be a cryptocurrency exchange with users all over the world.
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
Bitfinex has a very large percentage of American and Mexican users. There are other users in Argentina, Canada, Russia, etc., but overall, the majority of users are concentrated in the northern part of the Americas.
Source : TradersUnion
Bybit VS Bitfinex
| Bybit | Bitfinex | |
| Company | Bybit Fintech Limited | Bitfinex, Inc. |
| Headquarters | UAE | Virgin Island |
| Found | 2018 | 2012 |
| Max Leverage | 100 | 100 |
| Cryptocurrencies | 150～ | 170 |
| Native Token | BIT | – |
| Maker Fee | 0.01% | 0.0% |
| Taker Fee | 0.06% | 0.055% |
| Promotion | Account Open Bonus $5 Deposit bonus $30,000 USDT BTC Deposit Bonus $5 Refer a friend campaign 30% USDC Festival in Spring Others… | × |
| 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 | 0.0001BTC |
| MetaTrader 4 | 〇 | × |
| MetaTrader 5 | × | × |
| cTrader | × | × |
| Futures Trading | 〇 | 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, Futures, P2P, NFT, lending |
Handling virtual currency
Bitfinex is completely more in terms of the number of virtual currencies handled. In the case of Bybit, there are only 150 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, Bitfinex is the same, so you can choose either.
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. Bitfinex 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. Bitfinex has very few campaigns, so I wouldn’t recommend it.
transaction fee
Bitfinex is clearly cheaper for both taker and maker fees. Bybit is also cheap, so I think you can choose either.
NFT
Both Bitfinex and Bybit handle many stocks and support NFT. Therefore, it is possible to trade by choosing from many brands.
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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