Bybit is one of the world’s top cryptocurrency exchanges, while Coinbase is also one of the world’s top cryptocurrency exchanges. Coinbase is an exchange headquartered in San Francisco, USA, and is said to have over 68 million users. Which is better than Bybit?
Bybit company profile
The company profile of Bybit and the status of financial license acquisition are introduced in the following article. I hope you can use it as a reference.
What is Coinbase?
Coinbase is a virtual currency exchange that competes for the top in the world based in San Francisco, USA. This exchange is very popular with 68 million users worldwide. This exchange is expanding globally, and currently provides services to 100 countries, and is said to be the best in the world. It boasts momentum that surpasses Binance.
Country/region comparison of registered users
Japan is the most registered country for Bybit, followed by the United States. The feature is that there are many users in North America and East Asia as a whole. There are also registered users in South America, which may come as a surprise.
Coinbase, on the other hand, is: Overall, America now accounts for 66%, and you can see that most of them are Americans. Other than that, there are many users in Canada and Mexico because it is close to the United States.
Global Cryptocurrency Exchange Ranking 2023
coinmarketcap.com ranks Coinbase as the 2nd highest, and Bybit ranks 5th.
Coinbase ranked 6th and Bybit ranked 8th on coinranking.com.
Coinbase is ranked 3rd and Bybit is ranked 10th on cryptorank.io.
Bybit VS Coinbase
|Headquarter||United Arab Emirates||San Francisco, USA|
|Type||Crypto exchange||Broker Exchange|
|Number of Cryptocurrencies||150～||150～|
|Promotion||Deposit bonus $30,000||$5 BTC bonus|
Silvergate Bank Transfer
|AI / Machine Learning||〇||×|
Coinbase has been in operation for a very long time and has more than 10 years of experience. Because of the stable management, it can be seen that the operation is more stable than Bybit.
Bybit has introduced Tradingview, which is very popular among traders and is very easy to use and familiar to traders. Compared to this, Coinbase will feel a little difficult to use.
Bybit is definitely better for fees such as deposits and withdrawals. Since the fee is small, it is possible to reduce the burden.
Bybit also supports copy trading and mining, so it supports a wide variety of trades and has a wide range of options. Bybit also allows demo trading.
Due to the long operation period, Coinbase has very good security measures. In comparison, Bybit still has the impression of being loose.
Recommended by Bybit
Overall, I recommend Bybit. It is said to be very easy to use due to the abundance of trading tools and the variety of deposit and withdrawal methods. Also, it can be said that Bybit has an advantage in terms of fees.