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, Gemini is used by many American users as an American 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 Gemini?
Gemini is a well-known cryptocurrency exchange in the United States. The main users are Americans, but there are users in various regions such as southern Asia and South America. Gemini has become as popular an exchange as Coinbase in the United States, and it is very popular because of its security measures.
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
Gemini has an extremely large number of American users, accounting for more than 60% of the total. Other than that, there are many users in India, Singapore, and even Australia.
Source : TradersUnion
Bybit VS Gemini
| Bybit | Gemini | |
| Company | Bybit Fintech Limited | Gemini |
| Headquarters | UAE | United States |
| Found | 2018 | 2015 |
| Max Leverage | 100 | Unlimited |
| Cryptocurrencies | 150～ | 56 |
| Native Token | BIT | – |
| Maker Fee | 0.01% | 0.25% |
| Taker Fee | 0.06% | 0.25% |
| Promotion | Account Open Bonus $5 Deposit bonus $30,000 USDT BTC Deposit Bonus $5 Refer a friend campaign 30% USDC Festival in Spring Others… | $10 Bitcoin Sign-Up Bonus |
| Security | High | High |
| Staking | 〇 | 〇 |
| Loss Cut | – | – |
| Mobile App | 〇 | 〇 |
| Live Chat Support | 〇 | 〇 |
| Withdraw Merthod | Crypto | Online Wallet Debit/credit cards Crypto Bank Transfer |
| Deposit Method | Bank Transfer P2P Debit/Credit card Ethereum | Online Wallet Debit/credit cards Crypto Bank Transfer |
| Demo Account | 〇 | 〇 |
| Minimum Deposit | $0 | |
| Minimum Trade | 0.001BTC | 0.0001BTC |
| MetaTrader 4 | 〇 | × |
| MetaTrader 5 | × | × |
| cTrader | × | × |
| Future 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, NFT, ETF |
Handling virtual currency
Bybit is completely more in terms of the number of virtual currencies handled. In the case of Gemini, there are only 50 types, so the number is very limited.
Maximum leverage
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading.
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. Gemini 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. There are Gemini campaigns, but they are clearly fewer than Bybit.
transaction fee
Bybit is clearly cheaper for both taker and maker fees.
NFT
NFTs and ETFs are also available on Gemini, and Bybit has also started handling NFTs in recent years, 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.
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