Bybit vs Bitget Overview

Bybit has 45 million users in 160 countries, offers a multilingual interface in 22 languages and accepts deposits in 65 fiat currencies. The platform supports more than 1,400 digital assets across spot, futures, and options markets, with leverage up to 200x. Additional features include staking, crypto loans, an NFT marketplace, a crypto Visa card and copy trading.

Bitget, with 45 million users across 60+ countries, is known for its copy trading feature, allowing users to follow top traders’ strategies. Launched in 2018, it supports over 800 cryptocurrencies and provides futures trading with up to 125x leverage. It also offers margin trading, staking, bots for automation, and a demo account.

For a side-by-side comparison of their features, tools, and user experience, readers can refer to the table below to see how Bybit and Bitget stack up in different areas.

Bybit vs Bitget Products

These exchanges offer more than traditional crypto trading, including earning features to enhance the user experience. Here’s a breakdown of what each platform brings to the table:

Bybit Features

As the world’s second-largest exchange by trading volume, Bybit provides a diverse set of tools and services for its users:

1. Spot & Futures Trading: Trade over 1,400 cryptocurrencies on spot, futures and options markets with up to 200x leverage, making it ideal for traders looking to take larger positions.
2. Demo Account: New users can also practice trades up to $100,000 in demo mode, which helps them get familiar with trading without risking real funds. 
3. Earn Products: Users can benefit from both fixed and flexible savings options, earning interest on assets like USDT and USDC, with competitive APY rates up to 120%.
4. Crypto Loans: The exchange allows users to borrow against their crypto assets, providing liquidity without having to sell their holdings. Likewise, users can lend their assets to Bybit and earn up to 5% in yields.
5. Automated Trading: Bybit’s bots and copy trading tools make it simple for users to follow and replicate successful trading strategies, regardless of experience.
6. Crypto Card: The Bybit Mastercard enables users to convert crypto to fiat instantly, allowing them to make purchases at millions of merchants worldwide.
7. Bybit Launchpad: This platform offers exclusive access to new crypto projects, allowing users to participate in token sales like IDOs and ICOs.

Bitget Features

Bitget also offers a wide range of tools aimed at giving users flexibility and control over their trading experience:

1. Copy Trading: One of Bitget’s standout features, copy trading lets users follow 165,000+ pro traders and replicate their strategies automatically. This is perfect for users who want to benefit from expert insights without having to actively trade.
2. Futures Trading: With up to 125x leverage, the futures markets are a great option for traders looking to maximize returns on both short and long positions.
3. Trading Bots: Bitget offers trading bots to help automate trades, making it easier for users to optimize their strategies and manage their portfolios effectively.
4. Bitget Card: Bitget provides a crypto Visa card that converts digital assets into fiat at the point of sale, making crypto spending more practical.
5. Earn Products: Bitget also has options for earning passive income, with flexible savings accounts, staking, and yield farming, allowing users to earn on their crypto without active trading.
6. Proof of Reserves: Bitget offers a high level of transparency with its proof of reserves system, giving users confidence in the platform’s security.
7. Bitget Wallet: This is a multi-chain Web3 wallet offering fast, secure, and flexible token swaps, access to over 250,000 cryptocurrencies, and integration with NFTs and DApps across 100+ mainnets.

Bybit vs Bitget Futures Trading

Bybit and Bitget are both known for their advanced futures trading platforms, but they cater to different audiences. Bybit is great for traders who want access to a wide range of 440 contracts and leverage options up to 200x. It also has handy features like demo trading, so you can practice without risking real money, along with automated trading bots and copy trading.

Bitget also presents a compelling option with up to 125x leverage and an extensive range of 100 futures pairs. It also supports copy trading services but takes it further by offering spot, futures, and options copy trading options. This allows users to follow top traders and automate their strategies.

Both platforms provide strong tools and features, but Bybit is ideal if you're looking for more variety in futures contracts, while Bitget is better for copy trading and automation.

Bybit vs Bitget Security

Security is important for both Bybit and Bitget, but they go about it differently. Bybit operates under the supervision of several regulatory bodies, including CySEC in Europe and VARA in Dubai. It also provides complete transparency in its assets by maintaining a 1:1 reserve ratio and stores the majority of assets in cold wallets.

Bitget also has proof of reserves, a $300 million protection fund, and asset custody services. Bitget stores most assets in cold wallets and offers additional features such as multi-factor authentication (MFA) to protect user accounts. However, it is relatively new and untested in the market, plus it’s based off-shore under an unclear regulatory framework.

Bybit vs Bitget Fees Schedule

Fees should be considered when choosing between crypto exchanges, so let’s compare how Bybit and Bitget measure up in terms of cost and VIP programs.

Bybit Fees:

Bybit is known for its competitive fees, offering free deposits across 65+ fiat currencies. The exchange also provides a tiered VIP program for high-volume traders. Here’s a breakdown:

• Spot Trading Fees: 0.1% for both makers and takers, but VIP users can benefit from discounts, with top-tier traders paying as low as 0.015% for makers and 0.005% for takers.
• Futures Maker Fees: Start at 0.02%, with the possibility of dropping to 0% for VIPs.
• Futures Taker Fees: Range from 0.055% to 0.018%, depending on VIP level.

Bitget Fees:

Bitget also offers a competitive fee structure with added perks for users who trade high volumes or participate in the VIP program. Here’s how the fees break down:

• Spot Trading Fees: 0.1% for both makers and takers, but Bitget’s VIP members can access reduced fees, with top-tier users enjoying lower rates.
• Futures Trading Maker Fees: Start at 0.02% and can go down to 0% for VIP traders.
• Futures Trading Taker Fees: Range from 0.06% to 0.03%, depending on trading volume and VIP status.

While both Bybit and Bitget offer attractive fee structures, Bybit is a better option for high-volume traders, offering lower maker and taker fees. However, Bitget's flexible VIP program also rewards active traders.

Bottom Line

In conclusion, both Bybit and Bitget are strong contenders in the crypto space, but they serve different types of traders. Bybit offers a wider range of futures contracts, more diverse platform features and lower overall fees, whereas Bitget is popular for its copy trading feature, which lets you easily follow top traders and automate your strategies.