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, GMO coin is used by many Japanese users as a Japanese 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 GMO coin?
GMO Coin is an exchange where you can open an account in a short time and in a short period of time, and you can trade very easily. Launched in 2016, this service has many Japanese users and currently has over 500,000 accounts, making it a very popular cryptocurrency 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
Bybit VS GMOコイン
|Company||Bybit Fintech Limited||GMO Coin Co., Ltd.|
|Promotion||Account Open Bonus $5|
Deposit bonus $30,000 USDT
BTC Deposit Bonus $5
Refer a friend campaign 30%
USDC Festival in Spring
|Present 1000 yen in cash|
Cash gift of 10,000 yen
|Live Chat Support||〇||×|
|Withdraw Merthod||Crypto||Bank Transfer|
|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. In the case of GMOs, there are only 23 types, so the number is very limited.
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. GMOs, on the other hand, are less attractive because they are only twice as high.
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. GMO 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 is a GMO campaign, but I do not recommend it at all because the acquisition conditions are strict and the amount you can receive is small.
Bybit is clearly cheaper for both taker and maker fees. Japanese virtual currency exchanges will have slightly higher fees.
In principle, GMO only allows spot trading and leverage trading, but Bybit recently started handling NFTs, so it has 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.