Binance vs Bybit (October 2026): Fees, Safety Record and Availability Compared

Binance vs Bybit at a glance

A means we read the official exchange or regulator page on the verified date. B means the figure comes from a secondary source, or an official page seen only through a press release or as quoted in search results.

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Sources

• Binance fee schedule
• Binance futures fee FAQ (updated 1 May 2026)
• Bybit fee structure (updated 2 Sep 2026; bybitglobal.com is Bybit’s official global site)
• Bybit risk-limit guide (updated 4 Sep 2026)
• Binance copy trading FAQ
• Binance lead trader growth plan
• Bybit copy trading profit sharing
• Bybit copy trading guide
• Bybit India buying guide
• Binance INR P2P announcement (2021)
• Bybit proof-of-reserves report by Hacken (29 Sep 2026, checked 1 Nov 2026)
• Binance withdrawal FAQ (updated 13 Aug 2026)
• Binance public withdrawal settings
• Bybit withdrawal FAQ (updated 12 Apr 2026)
• ESMA interim MiCA register
• FBI PSA I-022625-PSA
• CoinDesk
• Binance leverage FAQ

Checked 10 and 11 Oct 2026.

Fees compared, with worked examples

Futures fees are charged on the notional value of your position, not on the margin you put up. If you post $100 of margin at 10x leverage, your position is $1,000 notional, and fees are charged on $1,000. This is fee arithmetic, not a suggestion to use leverage.

Futures (USDT-margined perpetuals, entry-level standard rates)

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If you mostly use limit orders that rest on the book (maker), the two cost the same at entry level. The gap is on taker orders: Bybit’s 0.055% is 0.005 percentage points above Binance’s 0.05%, or $0.50 per side on a $10,000 position.

BNB discount (Binance only). Binance gives 10% off futures fees when you pay with BNB, which takes the 0.05% taker rate to 0.045% ($4.50 per side on $10,000, by our arithmetic). Holding BNB for the discount exposes you to its price. We do not comment on that price.

VIP rates. Bybit publishes its VIP table: at its top tier (Supreme VIP), perpetuals are 0.00% maker / 0.03% taker, and VIP 1 starts at an asset balance of $100,000 or 30-day derivatives volume of $10M. We have not yet verified Binance’s VIP table.

Spot

Both charge 0.10% maker and taker at entry level: $1.00 per side on a $1,000 trade. Binance drops to 0.075% ($0.75 per $1,000) when you pay in BNB. Bybit notes that “actual rates may vary by region”.

Funding rates are not a trading fee: perpetual futures charge or pay a periodic rate between longs and shorts, and on positions held for days it can cost more than the fee gap above. Funding changes constantly, so we do not publish it.

Withdrawal fees

Binance:

Bybit: Not yet verified. Bybit charges a fixed fee per coin and chain, listed on its Crypto Deposit/Withdrawal Status page and in the withdrawal window; internal transfers between Bybit accounts are free. Bybit's FAQ (updated 12 Apr 2026, re-read 1 Nov 2026) gives no per-coin figures, and the status page did not show a fee table when we read it.

Sources: Binance public withdrawal settings; Bybit withdrawal FAQ.

For the same view across ten exchanges, see our lowest-fee crypto futures exchanges table.

Safety and withdrawal record

Withdrawal record (researched, not tested). WithdrawFirst does not open exchange accounts, deposit or withdraw funds. This section summarises Binance’s and Bybit’s own withdrawal rules and notices, public incident reports and our dated complaint sample. Last verified 10 Oct 2026.

Withdrawal & freeze record: Binance

Withdrawal record (researched, not tested)

Researched WithdrawFirst does not open exchange accounts, deposit or withdraw funds. This section summarises Binance's own withdrawal rules and notices, public incident reports and our dated complaint sample. Last verified 10 Oct 2026.

Complaint sample

Binance is in our complaint sample. We do not show per-exchange counts on pages that compare exchanges: about two dozen reviews per exchange is too few to compare. How we count complaints.

Incidents & withdrawal status

Withdrawals open 2026-07-01: EU users: Binance stopped serving EU users after it did not obtain a MiCA licence; existing users can still withdraw.; single networks: Binance pauses deposits and withdrawals on a coin's network during wallet maintenance; trading continues.checked 11 Oct 2026 · source (secondary) (opens in a new tab)

Last incident: 1 Jul 2026, regulatory: No MiCA licence; EU new registrations halted and services wound down; Binance says assets remain accessible. Earlier: on 21 Nov 2023 Binance pleaded guilty in the US to conspiracy to violate the Bank Secrecy Act, failure to register as a money transmitting business and violating sanctions law (IEEPA), and agreed to pay $4.3 billion and retain an independent monitor, according to the US Department of Justice.checked 11 Oct 2026 · source (secondary) (opens in a new tab)

Account frozen? What to do

Withdrawal & freeze record: Bybit

Withdrawal record (researched, not tested)

Researched WithdrawFirst does not open exchange accounts, deposit or withdraw funds. This section summarises Bybit's own withdrawal rules and notices, public incident reports and our dated complaint sample. Last verified 10 Oct 2026.

Complaint sample

Bybit is in our complaint sample. We do not show per-exchange counts on pages that compare exchanges: about two dozen reviews per exchange is too few to compare. How we count complaints.

Incidents & withdrawal status

Withdrawals open No platform-wide withdrawal suspension found (checked 11 Oct 2026). Bybit lists suspended tokens and chains on its Crypto Deposit/Withdrawal Status page.checked 11 Oct 2026 · source (secondary) (opens in a new tab)

Last incident: 21 Feb 2025, hackchecked 10 Oct 2026 · source (opens in a new tab)

Account frozen? What to do

Bybit

On 21 Feb 2025, Bybit was hacked. The FBI says North Korea “was responsible for the theft of approximately $1.5 billion USD in virtual assets from cryptocurrency exchange, Bybit”. The FBI calls this activity “TraderTraitor”. (FBI PSA I-022625-PSA, 26 Feb 2025, checked 10 Oct 2026)

That attribution is the FBI’s. We make no claim about how or when Bybit covered the loss, because that is not in our verified data.

• Withdrawal status: no platform-wide withdrawal suspension found (checked 11 Oct 2026). Bybit lists suspended tokens and chains on its Crypto Deposit/Withdrawal Status page.
• How long Bybit says withdrawals take: Bybit says an instant withdrawal may take up to 15 minutes to process, longer when the network is highly congested. This is Bybit’s own estimate, not a time we measured.
• What can hold a withdrawal: a Travel Rule check, a receiving address flagged as risky, a 24-hour block after security changes (such as a password, phone or email change), or a compliance review (“Pending Asset”). Bybit does not say how long a compliance hold lasts.
• Proof of reserves: Bybit’s latest report, by Hacken and dated 29 Sep 2026, uses a snapshot of 23 Sep 2026 covering 50 assets and states reserves above 100% for each, including USDT, USDC, BTC and ETH; it does not publish exact ratios. A snapshot shows one moment and is not a full audit.

More detail: our Bybit review and Bybit copy trading guide.

Binance

Binance did not get a MiCA licence and does not appear on the EU’s interim register (A). CoinDesk reported that Binance told users across the EU it would stop providing services; from 1 Jul 2026 new EU registrations were halted and services wound down.

Binance says users’ assets remain accessible, and EU users can still withdraw. (CoinDesk, 26 Jun 2026, B)

• Security record: we found no hack of Binance’s own platform in the last 12 months (search checked 11 Oct 2026). The most recent we found was on 7 May 2019, when more than 7,000 BTC were taken from its Bitcoin hot wallet; Binance said it would cover the loss from its SAFU fund, according to press reports.
• Withdrawal status: no platform-wide withdrawal suspension found (checked 11 Oct 2026). Binance pauses deposits and withdrawals on a single coin’s network during wallet maintenance; trading continues.
• How long Binance says withdrawals take: a transaction ID (TxID) usually appears within 1–30 minutes. Network confirmation then takes about 10–60 minutes for Bitcoin, about 5 minutes for Ethereum and about 3 minutes for BNB Chain and TRON. If no TxID appears after 6 hours, Binance asks you to contact support. These are Binance’s estimates, not times we measured.
• What can hold a withdrawal: security changes such as a password change suspend withdrawals for 24 to 48 hours, and Binance says this cannot be lifted early. Abnormal activity, withdrawals that match known fraud patterns, or failed identity verification can also lead to a review, a questionnaire or a cool-down period. Binance gives no fixed duration for risk reviews.
• Proof of reserves: Binance publishes a proof-of-reserves page, but its ratio figures did not load when we checked, so the ratios are not yet verified.

Sources: Binance withdrawal FAQ (updated 13 Aug 2026); Binance withdrawal-function guide; Bybit withdrawal FAQ (updated 12 Apr 2026); verified 11 Oct 2026.

If your account or withdrawal is held

• Binance: contact Customer Service through Support chat (an AI assistant first, then “Get Support” for a human agent) and attach screenshots. If a withdrawal is blocked because identity or facial verification failed, use the “Appeal” option on the Withdraw Crypto page and submit the documents Binance asks for. Binance says not all account restrictions can be appealed, especially those linked to law-enforcement or regulatory obligations, and it gives no response deadline.
• Bybit: for funds held for compliance review (“Pending Asset”), use Funding Account → Pending Asset → Appeal on the Bybit website (not the app) and upload the requested documents; Bybit says it reaches out within 24 hours of receiving them. For an account you deactivated yourself, use “Request to Unban” on the login page. Accounts suspended for security reasons cannot use self-service reactivation. Other cases: live chat or Bybit’s web form.

We found no formal complaints procedure with deadlines for either exchange’s global platform. Contact them only through their official website or app, and ignore anyone who offers to “recover” funds for a fee.

Sources: Binance support guide; Bybit compliance-review FAQ; verified 11 Oct 2026.

Complaints

In a sample of 95 Trustpilot reviews of Bybit, Binance, MEXC and Bitget (every review on page 2 of each exchange’s page, all star ratings, read on 9 October 2026), 47 were mainly about frozen accounts or withheld withdrawals, and 53 mentioned the problem. This is a small, self-selected sample of mostly one-star reviews, not a measure of how often accounts are frozen.

Each exchange’s share is too small to compare, so we do not rank Binance and Bybit on it. How we count complaints

Futures and copy trading

Leverage warning Futures and copy trading use leverage. A small price move can liquidate your position, and a lead trader’s losses become yours. Only trade with money you can afford to lose.

Futures. Binance is 0.005 percentage points cheaper on taker orders, and the two cost the same on maker orders (see above).

On both exchanges maximum leverage depends on the contract and falls as your position grows. Binance’s own account caps: Futures accounts in their first 30 days: leverage above 20x is not available and new positions may not exceed 20x (since 7 Dec 2025); Binance lifts these limits gradually only after 30 days. Futures accounts of regular users' sub-accounts: leverage above 5x is not available (since 12 Aug 2025) (official FAQ, A, checked 11 Oct 2026). Bybit publishes its limits per contract on its risk-limit page. A higher maximum does not make an exchange better: it means a smaller price move can wipe out your margin.

Copy trading costs. Neither exchange lists a separate copy-trading fee. You pay normal trading fees, plus a share of any profit to the trader you copy (A).

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The lock-up point matters on a withdrawal-first site: while a lock-up runs, money in that copy position is not yours to move. Read a lead trader’s terms before you copy them.

India. Bybit restored full app and web access in India on 8 Sep 2025, including derivatives and copy trading, according to Bybit’s announcement (B). We show no futures or copy-trading links for Indian readers.

EU. Copy trading is not verified for any EU-licensed company, and Bybit EU has no EU futures licence we could find, so we show no EU copy-trading or futures links for either exchange.

More: best crypto futures exchanges and best copy trading platforms.

Where you can use each (availability by country)

A cheap exchange you cannot legally use is not an option. “No link” means we show no exchange link for that country, either because the exchange does not serve it or because of our country rules.

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Sources

• Bybit service-restricted countries (updated 1 Sep 2026)
• ESMA interim MiCA register
• US Treasury on Binance (21 Nov 2023)
• MAS statement (21 Nov 2022)
• CoinDesk on Binance’s Canada exit
• Cointelegraph on Binance’s UK onboarding halt
• Outlook Business on Binance’s FIU penalty
• Cointelegraph on Bybit India
• CoinDesk on Binance’s EU exit
• Cointelegraph on Thailand
• Datawallet Nigeria guide

Checked 10 and 11 Oct 2026.

India note. FIU-IND does not publish a public registry, so registration status here comes from FIU penalty orders, press coverage and the exchanges’ own announcements, and is B at best.

On tax, Bybit says it deducts 1% TDS for Indian users on crypto-to-fiat sales and crypto-to-crypto trades (not on buys), plus 18% GST on fees (A). Whether Binance deducts TDS is not yet verified, so do not assume it does. This is not tax advice; ask a chartered accountant. See our India guide.

UK note. We link no crypto exchange for UK readers and show no bonus or referral offers. Bybit’s UK route covers spot and P2P only.

Official restricted lists. Bybit: Service-Restricted Countries (A). Binance: its own list of restricted locations is in its Terms, which did not load for us; the US and Singapore entries above come from the US Treasury and MAS, the others from press reports.

We do not cover ways to get around an exchange’s country restrictions, including VPNs.

Choose Binance if… / choose Bybit if…

Choose Binance if:

• You trade futures mostly with market (taker) orders. On a $10,000 position, Binance’s standard taker fee is $5.00 per side against Bybit’s $5.50.
• You want to start copy trading small (10 USDT default minimum) and see a lead trader’s max drawdown before you copy.
• You want published withdrawal fees before you sign up: Binance’s are public; Bybit’s are not yet verified by us.
• You are in India and want an FIU-IND-registered exchange with the lower standard taker fee of the two (B).

Each exchange in depth: Binance review, Bybit review and Bybit fees.

Choose Bybit if:

• You live in the EU (outside Malta) and want spot trading with a MiCA-authorised company. Binance does not serve the EU.
• You want a recent, independently verified proof-of-reserves report: Bybit’s Hacken report of 29 Sep 2026 states above 100% for each of 50 assets (no exact ratios); Binance’s ratios did not load for us.
• You are in India and want copy trading, restored for Indian users on 8 Sep 2025 (B), with a lead-trader profit share of mainly 10% to 15%. We do not link to copy trading for Indian readers.
• You trade with limit (maker) orders. At 0.02% maker on both, the taker gap does not affect you.

Choose neither if you are in the US, Canada, Singapore or Hong Kong, or if you want futures in the EU. Look for an exchange licensed where you live.

Alternatives to both

• OKX: standard futures 0.02% / 0.05% (B, a worked example in OKX’s fee FAQ). In the EU, OKX offers “X-Perps” futures through OKX Europe Markets Limited (MFSA) after an appropriateness test (A). OKX restricts India, Canada, Hong Kong, parts of the US and others, and limits derivatives in the UK (A). OKX says it gives no standard withdrawal processing time; its withdrawal fees are not yet verified. Our OKX links are blocked in every country OKX restricts.
• Kraken: standard futures 0.02% / 0.05% at Tier 1 (A). It offers futures to EEA clients through a CySEC-licensed company (A), but not to clients in Canada or to UK retail clients (A). Kraken’s own pages disagree on whether US customers can trade futures.

Sources

• OKX trading fee FAQ
• OKX X-Perps EEA availability
• OKX risk and compliance disclosure
• OKX withdrawal help
• Kraken fee schedule
• Kraken derivatives eligibility
• Kraken EEA derivatives eligibility
• Kraken geographic restrictions

Checked 10 and 11 Oct 2026.

If you are leaving Binance, our Binance alternatives page goes country by country.

How we compared

This comparison is Researched (not tested). We research exchanges’ official pages and regulator records and keep every figure in a dated data sheet. We do not open accounts or move funds, and we do not give exchanges an overall score. Fees are re-checked monthly; country status and incidents whenever something changes. Read our methodology.

Last verified: 10 Oct 2026.