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, Crypto.com is used by a large number of users as a cryptocurrency exchange that has successfully expanded globally. 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 Crypto.com?
Crypto.com will be Singapore’s cryptocurrency exchange. It is a large company with over 10 million users and over 3,000 employees. As a result, users range from the Americas to the Middle East, Asia, and Europe.
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
The main users of Crypto.com will be Americans. In other regions, we know that there are users all over the world, from India and the Middle East, and even from South America to Australia.
Source : TradersUnion
Bybit VS Crypto.com
|Company||Bybit Fintech Limited||Foris DAX MT Limited|
|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||×|
|Withdraw Merthod||Crypto||Bank Transfer|
|Deposit Method||Bank Transfer|
|Trade Instruments||Spot, Futures, P2P, NFT||Spot, Futures|
Handling virtual currency
In terms of the number of virtual currencies handled, both are quite abundant, so there is not much difference. I would say that you can choose either one.
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. Crypto.com, on the other hand, is only 50x, which is less appealing.
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. Crypto.com 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 Crypto.com campaigns, but they are pretty scarce compared to Bybit.
Bybit is clearly cheaper for both taker and maker fees. Crypto.com can be said to have relatively high fees.
Both Crypto.com and Bybit have a large number of stocks, so they are quite fulfilling. I would say that you can choose either one.
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.