Bybit vs BingX: Features, Futures & Fees

Bybit vs BingX Overview

Bybit, launched in 2018, has grown to 60 million users across 160+ countries. Headquartered in Dubai, it operates under licenses from regulators including VARA (Dubai), CySEC (Cyprus), and DNB (Netherlands). The platform offers over 1,700 cryptocurrencies across spot, futures, and options markets, with multilingual support in 20+ languages.

BingX, also founded in 2018, serves 10 million users in 180 countries. Based in Singapore, it combines crypto trading with traditional financial products like forex and commodities. It is licensed in Australia and Lithuania and has won TradingView’s Exchange Award three years in a row (2021–2023).

The table below compares their key features.

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Bybit vs. BingX Products and Features

Bybit and BingX go beyond spot trading, offering perpetual futures contracts with leverage and additional tools for traders. Bybit focuses on professional trading features and Web3 access, while BingX integrates social trading and traditional financial products.

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Bybit Features

Bybit is built for traders who demand deep liquidity, precision execution, and a powerful suite of trading tools. Its high-performance matching engine, tight spreads, and institutional-grade infrastructure create the best execution venue for both retail and professional traders.

Key Features:

• Futures & Options Trading – Trade over 500 perpetual contracts with up to 200x leverage, plus access to crypto options for sophisticated hedging strategies.
• Deep Liquidity & Tight Spreads – A $55 billion daily trading volume ensures superior order execution, even for large trades.
• Web3 Wallet & DApps – Native support for 10,000+ tokens across 20+ blockchains, bridging the gap between CeFi and DeFi.
• Automated & AI-Powered Tools – Features like TradeGPT, trading bots, and smart order execution optimize market strategies.
• Bybit Card – Spend crypto seamlessly at 90 million Mastercard merchants worldwide.
• Bybit Earn – Staking, liquidity mining, and Ethereum 2.0 staking with yields up to 380% APY.
• Launchpools & Pre-Market Access – Early exposure to new token listings before public trading.

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BingX Features

BingX combines crypto with traditional finance, giving an edge to traders who prioritize cross-market exposure. While it lacks the deep liquidity and institutional-grade execution of Bybit, it offers copy trading, forex trading pairs, and structured yield products for a more passive or diversified approach.

Key Features:

• Perpetual Futures – Trade with up to 150x leverage on BTC and 125x on ETH.
• Social Trading – Access 9.9 million copy trading relationships, following top traders with automated execution.
• Forex & Commodities Trading – Trade traditional assets via MT5 integration.
• Wealth Products – Includes Shark Fin, a structured yield product with fixed-term BTC/ETH options.
• Crypto Loans – Borrow against crypto holdings for trading, staking, or withdrawals.
• BingX Launchpad – Early access to new token listings.
• Demo Trading – Simulated trades to test strategies risk-free.

💡Key Takeaway: Overall, Bybit is better suited for advanced traders who need deep liquidity and professional tools. BingX appeals to those who prefer social trading and exposure to forex and commodities.

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Bybit vs. BingX Fees

Both exchanges use a tiered fee structure based on 30-day trading volume and VIP levels, offering discounts to high-volume traders.

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Bybit Fees

Bybit uses a tiered fee structure based on VIP & Pro levels and trading volume with discounts for active traders:

• Spot Trading: 0.1% maker/taker fees, with Pro-level discounts as low as 0.005% (maker) and 0.015% (taker).
• Futures Trading: 0.02% maker and 0.055% taker fees, reduced to 0% (maker) and 0.018% (taker) for top-tier VIP traders.

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BingX Fees

BingX has a similar fee structure, with reduced fees for social traders through its VIP program:

• Spot Trading: 0.1% maker/taker fees, reduced to 0.005% (maker) and 0.02% (taker) at the highest VIP level.
• Futures Trading: 0.02% maker and 0.05% taker fees, with maximum discounts down to 0% (maker) and 0.028% (taker), making taker fees slightly lower than Bybit’s at all VIP levels.

💡Key Takeaway: BingX’s slightly lower taker fees on futures offer minor savings, but the difference is negligible for most traders. Bybit remains competitive, especially for high-volume users hitting top-tier VIP discounts.

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Bybit vs. BingX Futures Trading

Perpetual futures are a core instrument for traders seeking leverage, hedging strategies, and capital efficiency. The best futures platforms provide deep liquidity, minimal slippage, and institutional-grade risk management.

While both Bybit and BingX offer futures markets, their liquidity, execution quality, and product depth vary significantly.

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Bybit Futures Features

Bybit dominates the futures market with deep liquidity, fast execution, and advanced trading tools. It processes over $55 billion in daily volume across 500+ perpetual contracts and offers leverage up to 200x on select assets. Key features include:

• Smart Leverage: Automated risk management to optimize margin use.
• Trading Bots: Algorithmic tools for automated strategies.
• Advanced Risk Controls: Institutional-grade protections to minimize liquidation risk.

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BingX Futures Features

BingX caters to a different segment, focusing on copy trading and accessibility. It records $5 billion in daily futures volume with 300 available contracts and leverage up to 150x on BTC and 125x on ETH. Notable features include:

• Copy Trading: Follow top traders’ strategies in real time.
• Lower Taker Fees: Competitive pricing on futures trades.
• Demo Trading: Test strategies with simulated funds before live execution.

💡Key Takeaway: Bybit is the clear choice for high-volume traders seeking superior execution, while BingX suits those prioritizing social trading and smaller positions.

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Bybit vs. BingX Security

Bybit secures funds with cold storage, multi-signature authorization, and Threshold Signature Schemes (TSS). It conducts real-time Proof of Reserves (PoR) audits using Merkle Tree verification, allowing users to confirm holdings without exposing private data. Encryption, real-time monitoring, and 2FA further enhance security.

BingX also uses cold storage, encryption, firewalls, and 2FA. It maintains 100% PoR, verified by auditors, and publishes Merkle Tree reports twice a month. While this ensures transparency, a $42 million breach on September 20, 2024, raises concerns about its security.

💡Key Takeaway: Bybit’s stronger track record, real-time proof of reserves and more advanced safeguards make it the more reliable choice.

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Bybit vs. BingX Regulatory Compliance

Regulatory approval dictates where exchanges can operate and what protections they offer. Both Bybit and BingX hold multiple licenses but face restrictions in the USA, United Kingdom, and Canada, limiting access for some traders.

Bybit is licensed in Dubai (VARA), Cyprus (CySEC), the Netherlands (DNB), and Kazakhstan (AFSA). It enforces KYC and AML policies and is available in 160+ countries, restricting users in the U.S., U.K., Canada, Singapore, China, and other regions. For the latest restrictions, see Bybit’s restricted countries.

BingX is licensed in Australia (AUSTRAC) and Lithuania (FSIC) and operates in 180+ countries. However, it restricts access in the U.S., U.K., Canada, China, Singapore, the Netherlands, and others. While BingX claims FinCEN registration in North America, independent verification is lacking. See BingX’s restricted countries for up-to-date availability.

💡Key Takeaway: Bybit holds stronger regulatory approvals, while BingX operates in more regions but faces questions about its licensing. Both remain unavailable in the U.S., Singapore, Canada, and other tightly regulated markets.

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Final Thoughts

Bybit sets the benchmark in liquidity, execution quality, and regulatory clarity, making it the superior choice for most traders. While BingX offers social trading and forex exposure, these features do not compensate for its lower liquidity, fewer assets, and past security concerns.

For professionals and high-volume traders, Bybit remains the unequivocal leader in the futures and derivatives market.