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, Bithumb is used by many Korean users as a Korean 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 Bithumb?
Bithumb is a South Korean cryptocurrency exchange. More than 20% of users are Koreans, but global expansion has been successful, and many users from the Americas, Africa, and even South Asia have registered, making it a famous exchange.
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
Bithumb is 20% Korean. There are also quite a few users in Turkey, America, the Middle East and even Southeast Asia. Bithumb is a cryptocurrency exchange that has successfully expanded globally.
Source : TradersUnion
Bybit VS Bithumb
|Company||Bybit Fintech Limited||Bithumb|
|Promotion||Account Open Bonus $5|
Deposit bonus $30,000 USDT
BTC Deposit Bonus $5
Refer a friend campaign 30%
USDC Festival in Spring
|Live Chat Support||〇||〇|
|Deposit Method||Bank Transfer|
|Trade Instruments||Spot, Futures, P2P, NFT||Spot, Futures|
Handling virtual currency
Bybit is completely more in terms of the number of virtual currencies handled. Bithumb has only 100 types, so the number is very limited.
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. Bithumb, on the other hand, only has 5x, which is less attractive.
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. Bithumb uses original trading tools.
Bybit is clearly better in terms of promotions and bonuses. Bybit also conducts campaigns irregularly, so there are many events throughout the year. There are no Bithumb promotions and the bonuses etc are pretty meager.
Bybit is clearly cheaper for both taker and maker fees. Korean virtual currency exchanges will have slightly higher fees.
In principle, Bithumb only allows spot trading and leverage trading, 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.