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, CoinEx has become a virtual currency exchange with many users mainly in Iran and the United States since its establishment in 2017.
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 CoinEx?
CoinEx is a cryptocurrency exchange established in 2017 that is actively expanding globally and has a large number of users, mainly Iranians. There are users in the United States and Japan, but the main users are from the Middle East to North Africa.
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
CoinEx has a fairly high percentage of Iranians as core users. Other core users include the United States, Japan, India and Turkey.
Source : TradersUnion
Bybit VS CoinEx
|Company||Bybit Fintech Limited||CoinEx|
|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|
|Minimum Trade||0.001BTC||0.0001 BTC|
|Trade Instruments||Spot, Futures, P2P, NFT||Spot, Futures, NFT|
Handling virtual currency
CoinEx handles more virtual currencies. In the case of Bybit, there are only 150 types, so the number is very limited.
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. On the other hand, CoinEx is also 100 times higher, so you can choose either.
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. CoinEx 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 CoinEx promotions.
Bybit is clearly cheaper for both taker and maker fees.
In principle, CoinEx only allows spot,future trading, but Bybit recently started handling NFTs, so there is 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.