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, SBI VC Trade 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 SBI VC Trade?
SBI VC Trade is a virtual currency exchange operated by SBI VC Trade Co., Ltd. of the SBI Group. This exchange offers not only spot trading, but also leverage trading, lending services, and accumulation trading services, and is supported by a large number of users. Most of them will be Japanese.
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 SBI VCトレード
|Company||Bybit Fintech Limited||SBI VC Trade 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
|Up to 2% cash back|
|Live Chat Support||〇||×|
|Withdraw Merthod||Crypto||Bank Transfer|
|Deposit Method||Bank Transfer|
|Trade Instruments||Spot, Futures, P2P, NFT||Spot, Futures, Lending,|
Handling virtual currency
Bybit is completely more in terms of the number of virtual currencies handled. In the case of SBI, there are only 14 types, so the number is very limited.
Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. On the other hand, SBI is not very attractive because it only doubles.
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. SBI 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 an SBI 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, SBI only allows spot trading, leverage trading, lending, and accumulation, but Bybit has 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.