Binance vs Bybit 2025: Complete Comparison for Futures Traders
Choosing between Binance and Bybit is one of the most common decisions for futures traders. Both are industry giants, but they cater to different needs. Here is a clear breakdown.
Quick Comparison
| Feature | Binance | Bybit |
|---|---|---|
| Maker Fee | 0.02% | 0.02% |
| Taker Fee | 0.04% | 0.055% |
| Max Leverage | 125x | 125x |
| Futures Pairs | 350+ | 300+ |
| Insurance Fund | SAFU ($1B+) | $390M+ |
| KYC Required | Yes | Limited KYC |
| Best For | Volume, variety | UI/UX, derivatives |
Trading Fees Compared
Fees are critical for active traders. Here is the detailed breakdown:
Binance Fees
- Base: 0.02% maker / 0.04% taker
- BNB discount: 10% off
- VIP 1 (15M volume): 0.016% / 0.04%
- VIP 9 (25B volume): 0% / 0.017%
Bybit Fees
- Base: 0.02% maker / 0.055% taker
- VIP 1 (1M volume): 0.018% / 0.04%
- VIP 2 (2.5M volume): 0.014% / 0.0375%
- Pro 5 (250M volume): -0.005% / 0.025%
Fee Winner
For retail traders, it is almost a tie. Binance has lower taker fees, while Bybit makes VIP progression easier. For whales, Bybit offers negative maker fees at the top tier.
Leverage & Products
Both exchanges offer extensive derivatives products:
- Perpetual Futures: USDT and coin-margined perps
- Max Leverage: 125x on BTC/ETH, 50-100x on altcoins
- Expiry Futures: Binance has more quarterly contracts
- Options: Both offer crypto options
- Copy Trading: Both have copy trading, Bybit is more popular
User Experience
Binance Interface
Feature-rich but complex. The number of products can overwhelm beginners. Mobile app is comprehensive. TradingView integration is solid.
Bybit Interface
Clean and intuitive, focused on derivatives. Fast order execution feel. Mobile app is highly rated. Great if you prefer less clutter.
Security & Regulation
Both exchanges take security seriously:
- Binance: SAFU fund ($1B+), broad regulatory licenses, proof of reserves
- Bybit: Never been hacked, proof of reserves, Dubai VASP license
- 2FA: Authenticator apps and hardware keys supported
US Traders Note
Neither Binance Futures nor Bybit officially serves US customers. US traders should use Binance.US (limited features) or regulated alternatives.
Which Should You Choose?
Choose Binance If...
- You want the widest coin selection
- You need spot + futures in one account
- Regulatory compliance matters most
- You are a taker trader (lower taker fee)
- You want yield products on holdings
Choose Bybit If...
- You focus on derivatives trading
- You prefer a cleaner interface
- You are a maker (better high-tier fees)
- You want easier VIP progression
- You use copy trading features
Calculate Your Position on Either Exchange
Our calculator works with both Binance and Bybit fee structures: