[Bybit: Virtual currency, NFT] Bybit VS Upbit features, bonuses, leverage comparison Which is better?


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, Upbit is used by many Korean users as a Korean 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 Upbit?

Upbit is a cryptocurrency exchange born in South Korea. We cover all major Bitcoin, Ethereum, Litecoin, Tether, Ripple, etc. It is mainly used by Koreans, but it is very convenient because it also handles fiat currency.


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

Upbit has become a virtual currency exchange exclusively for Koreans. There are few non-Korean users.

Source : TradersUnion

Bybit VS Upbit

CompanyBybit Fintech LimitedUpbit
HeadquartersUAESouth Korea
Max Leverage100
Cryptocurrencies 150~180
Native TokenBIT
Maker Fee0.01%0%
Taker Fee0.06%0.15%
PromotionAccount Open Bonus $5
Deposit bonus $30,000 USDT
BTC Deposit Bonus $5
Refer a friend campaign 30%
USDC Festival in Spring
Loss Cut
Mobile App
Live Chat Support
Withdraw MerthodCrypto Crypto
Deposit MethodBank Transfer
Debit/Credit card
Bank Transfer
Demo Account
Minimum Deposit$0$0
Minimum Trade0.001BTC0.0009 BTC
MetaTrader 4×
MetaTrader 5××
Future Trading×
P2P Trading×
Spot Trading
Copy Trading×
Auto Trading×
VPS Hosting×
Social Trading××
Trade InstrumentsSpot, Futures, P2P, NFTSpot, NFT

Handling virtual currency

Upbit is completely more in terms of the number of virtual currencies handled. In the case of Bybit, there are only 150 types, so the number is very limited.

Maximum leverage

Bybit has a maximum leverage of 100x, allowing for fairly high leverage trading. On the other hand, Upbit does not allow 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. Upbit 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 no Upbit promotions.

transaction fee

Upbit is clearly cheaper for both taker and maker fees.


In principle, Upbit can only deal with physical transactions, but NFTs are also handled. 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.