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Bybit vs Bitget: In-Depth Comparison and Insights

Written by Larry Jones

Written by:

Larry Jones

Hi, I'm Larry Jones, an Financial Management graduate from Franklin University, where I focused on Finance. With a deep passion for trading and investing, I've immersed myself in the dynamic world of financial markets. Currently, I dedicate my time to trading while also educating others about the exciting opportunities in cryptocurrencies. Through my experience and expertise, I aim to make complex financial concepts accessible to everyone. Whether you're a seasoned trader or new to the world of investing, my goal is to provide you with valuable insights and practical knowledge to help you navigate the world of cryptocurrencies with confidence.

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This article has been reviewed by crypto market experts at SCM to ensure all the content, sources, and claims adhere to the highest standards of accuracy and reliability.

Last Updated on July 16, 2024

In the dynamic world of cryptocurrency exchanges, traders often find themselves weighing options between platforms like Bybit and Bitget.

Both have risen to prominence with their robust trading systems and innovative features, but which one holds the edge?

This article will delve into a comprehensive comparison of Bybit and Bitget, examining their trading interfaces, security protocols, fee structures, and unique offerings.

We aim to dissect the strengths and weaknesses of each to answer the pressing question: Is Bybit better, or does Bitget lead the race in the crypto exchange arena?

Bybit vs Bitget: Comparison at a Glance

Bybit and Bitget are both prominent cryptocurrency exchanges that were established in 2018. They offer an array of features tailored for traders. Your choice between them may hinge on specific trading needs and preferences.

Bybit Overview:

  • It provides a user-friendly interface that supports Spot and Futures trading with leveraged options.
  • Trading fees are competitive, with a fixed fee of 0.1% for spot markets. In contract trading, the fees are reduced to 0.06% for takers and even lower to 0.01% for makers.
  • Bybit emphasizes strong security measures, including advanced technologies and cold storage.

Bitget Overview:

  • Bitget boasts a multi-layered security approach alongside its innovative security protocols.
  • Features unique to Bitget include copy trading, where you can mirror the strategies of experienced traders.
  • It also offers a variety of trading pairs and platforms, though user experience feedback suggests it may not be as intuitive as Bybit.

The table below carefully contrasts these two platforms, highlighting their key features:

Feature Bybit Bitget
Founded 2018 2018
User Interface Beginner-friendly & advanced Less intuitive, unique copy trading
Spot Trading Fee Fixed 0.1% Variable, based on tier system
Contract Trading Fee 0.06% taker, 0.01% maker Variable, based on tier system
Security Advanced tech & cold storage Multi-layered approach & Protocols
Leverage Available Available
Additional Features Transparent “Learn” Resources Copy Trading feature

When assessing your trading platform options, you should scrutinize the fees, security measures, interface intuitiveness, and additional features each has to offer.

Your preference will depend on which aspects align closely with your trading objectives and experience levels.

Our 2024's Recommendation

  • Upto 100x Leverage for BTC

  •  Supports over 300+ crypto trading pairs

  • Fees starting at 0.075% for futures

  • Strong security features

Bybit vs Bitget: Products and Services

When you evaluate Bybit and Bitget, you’ll find that both exchanges offer a range of cryptocurrency trading options, each focusing on the types of services they excel in.

Bybit is well-known for its derivatives and futures trading, which allows up to 25x leverage. It supports spot trading and offers additional features like options and margin trading, which cater to advanced traders.

  • Futures Trading
  • Spot Trading
  • Options Trading
  • Margin Trading
  • Leveraged Tokens

On the other hand, Bitget stands out with its copy trading feature, which enables less experienced traders to replicate the positions of seasoned traders. This feature simplifies the trading experience and can be advantageous for new entrants into the crypto market.

  • Spot Trading
  • Futures Trading
  • Copy Trading Feature
  • Fiat Currency Support
  • Multi-layered Security

Both Bybit and Bitget offer spot trading, allowing the exchange of one cryptocurrency for another at current market prices.

Additionally, security is a priority for both exchanges, with Bybit focusing on advanced technologies and offline storage and Bitget implementing a multi-layered security approach.

Bybit is recognized for maintaining a robust regulatory stance, being licensed in Dubai and regulated by the Cyprus authorities.

Meanwhile, Bitget offers convenience for funding with support for numerous fiat currencies and various payment methods, including debit/credit cards and P2P services.

You should note that the range of supported cryptocurrencies and the availability of services like staking or an NFT marketplace may differ.

Your choice might be influenced by the specific offerings that align best with your trading preferences and the level of regulatory comfort you desire.

Bybit vs Bitget: Contract Types

Bybit and Bitget present diverse selections designed to suit various trading strategies when exploring contract offerings. Here are the key types and their distinctive features for your understanding:

  • Inverse Perpetual Contracts: On Bybit, these are settled in the base currency, which can be beneficial if you hold the underlying asset. Conversely, as the settlement occurs in cryptocurrency rather than USD, it may impact your risk-hedging strategy.
  • Linear Perpetual Contracts: Offered by both platforms, they are settled in USD, allowing for a straightforward valuation of your contracts without convertintosconvert into another currency.

Bybit and Bitget also provide options in their futures contracts to cater to different needs:

  • Inverse Futures Contracts: These demand the base cryptocurrency as the margin, making them preferable if you aim to leverage existing crypto holdings.
  • COIN-M Futures: These contracts function similarly to inverse futures, where margin and settlement are in the cryptocurrency. This option is particularly advantageous if immersed in a specific coin ecosystem.
  • USD-M Futures: In contrast, USD-M futures (USD Margined) utilize stablecoins like USD tether, avoiding currency fluctuation risks within futures contracts. This can be a strategic choice for maintaining clarity in your trading calculations.

Bybit and Bitget both accommodate options trading, with Bybit standing out for its range of offerings in this area. Options allow for versatile strategies, such as hedging positions or speculating price movements with a predefined risk.

Understanding the nuances of each contract type can significantly influence your trading performance. 

Both Bybit and Bitget offer educational resources, so consider utilizing these to deepen your knowledge before diving into trading contracts.

Bybit vs Bitget: Supported Cryptocurrencies

bybit supported coins

When assessing Bybit and Bitget, the range of supported cryptocurrencies is vital to your trading options. Bybit provides a broad spectrum with over 319 cryptocurrencies available for trading.

This includes significant coins such as BTC (Bitcoin), ETH (Ethereum), USDT (Tether), USDC (USD Coin), DOGE (Dogecoin), XRP (Ripple), and a variety of others.

Notably, Bybit extends its offerings to over 1,000 cryptocurrencies, encompassing a substantial range for spot and derivative trading.

bitget supported coins

Bitget, while offering a wide variety of cryptocurrencies, integrates these digital assets across its product lines. This allows you to seamlessly deposit your digital currencies from other exchanges or wallets.

Both platforms present opportunities to trade with heightened exposure in the realm of futures and leverage trading, which is a draw for many users.

Here are some common futures trading pairs that you might encounter on both exchanges:

Exchange Most Popular Futures Trading Pairs

Each platform allows you to navigate the futures market, where you can find popular trading pairs like BTC/USD and ETH/USD, catering to novice and experienced traders seeking liquidity and volatility.

Your journey in cryptocurrency trading, whether in spot or futures markets, hinges upon the exchange’s ability to provide various options.

Bybit and Bitget deliver on this front, enabling you to dive into the cryptocurrency markets with the variety required to manage and diversify your portfolio effectively.

Bybit vs Bitget: Leverage and Margin Trading

When engaging in leverage and margin trading on Bybit, you’re provided with the option to amplify your trades up to 125x leverage on various cryptocurrencies.

This means you can open a position that is 125 times the value of your initial capital. However, trading with high leverage entails significant risk, including the possibility of rapid liquidation if the market moves against you.

Bybit sets precise margin requirements and employs a marked price system to avoid unnecessary liquidations.

Liquidation occurs when your position falls below the maintenance margin, leading to the closure of your trades. The platform also utilizes a dual-price mechanism to protect from market manipulations.

On the other hand, Bitget offers competitive leverage options in line with industry standards, with specific trading pairs allowing for significant leverage.

While specific leverage limits were not detailed in the provided search results, Bitget is known to enable effective risk management through its leverage and margin features.

Funding rates on both platforms are intended to keep the last traded price close to the global spot price. These rates vary based on market liquidity and volatility and are periodically settled between long and short positions.

Here are some key takeaways for both platforms:

  • Bybit
    • Max Leverage: Up to 125x
    • Margin Requirements: Dynamic based on position size
    • Liquidation: Marked price system for fair liquidation
    • Funding Rate: Variable; ensures price alignment with the spot market
  • Bitget
    • Max Leverage: Competitive options available
    • Margin Requirements: Designed for effective risk management
    • Liquidation: Details on the execution depend on the position and market
    • Funding Rate: Adjusted to align with the underlying market conditions

Bybit vs Bitget: Trading Volume

When assessing the trading volume of Bybit and Bitget, you’re examining an essential indicator of the exchanges’ liquidity.

Higher trading volume typically suggests a more remarkable ability to execute trades swiftly and with minimal slippage, which is the difference between the expected price of a trade and the price at which the trade is executed.

Bybit has achieved significant trading volumes, processing an impressive portion of the global Bitcoin trading volume in recent years. This substantial volume can be attributed to the exchange’s various trading options, including spot and derivative markets.

In contrast, Bitget has also established a considerable presence in the market, with competitive trading volumes that support its growing user base.

Although Bitget is newer to the scene than Bybit, Bitget’s competitive trading volumes indicate its growing significance in cryptocurrency.

Your trading experience may vary between the two platforms due to these figures:

Exchange Spot Volume Derivatives Volume Notable Features
Bybit High Very High Multiple contracts and leverage options
Bitget Moderate High Competitive interfaces and order types

For concrete numbers and in-depth analytics, you should refer to industry sources such as CoinMarketCap or CoinGecko, where exchanges are ranked based on liquidity and volume data.

Bybit vs Bitget: Futures Trading Fees and Rewards

Comparing futures trading fees between Bybit and Bitget, you’ll encounter different fee structures tailored to benefit various trading strategies.

Bybit implements a maker-taker model. Here, maker fees are generally lower, encouraging liquidity, while taker fees are slightly higher due to market-taking orders.

Bybit’s Futures Trading Fees:

bybit fees
  • Maker Fee: 0.01%-0.02%
  • Taker Fee: 0.055%-0.06%

In contrast, Bitget offers a more uniform fee approach.

Bitget’s Futures Trading Fees:

bitget fees
  • Flat Rate: 0.1% (0.08% with BGB Discount)

On Bybit, if you place an order that adds liquidity to the market (maker), you’ll pay a lower fee than taking liquidity away (taker).

For instance, on a $10,000 futures contract, your maker fee could be as low as $1 (0.01%) or as high as $2 (0.02%). Meanwhile, a taker order could incur a fee between $5.50 (0.055%) and $6 (0.06%).

Bitget simplifies this with a flat fee; the same $10,000 trade would always cost $10 (0.1%). This can be further reduced to $8 (0.08%) if the native BGB token is utilized for the transaction.

Regarding rewards, both platforms offer incentive programs. Bybit periodically has reward campaigns such as bonuses for first-time deposits or trading competitions with prize pools.

Bitget aligns its rewards with the BGB token, offering fee discounts, which can augment your profit margin.

Both Bybit and Bitget do not impose deposit fees, but they have different structures for withdrawal fees. These vary based on the cryptocurrency used for the transaction.

Considering these fees when calculating potential profits and selecting the most cost-effective platform for your futures trading needs is crucial.

Bybit vs Bitget: Deposits & Withdrawal Options

When considering the ease of moving funds, Bybit offers a straightforward approach. You can deposit both crypto and fiat currencies without incurring any deposit fees. The methods for funding your Bybit account include:

  • Bank transfer
  • Credit/debit card
  • Cryptocurrency transfer

Withdrawals are subject to fees, which vary depending on the cryptocurrency. The platform processes withdrawals thrice daily, ensuring a reasonable wait for your transactions.

Bitget, on the other hand, follows a similar structure—no charges for deposits. Your deposit options encompass:

  • Fiat currency
  • Cryptocurrency

With Bitget, withdrawal fees are variable and are explicitly tied to the type of digital asset you’re moving. Always confirm the current fees to avoid surprises, as these can change based on the blockchain’s load at the time of your transaction.

Both exchanges support multiple cryptocurrencies for deposits and withdrawals, providing versatility in your choice of assets.

However, minimum and maximum limitations apply to deposits and withdrawals tailored to specific currencies and their network conditions.

Remember that the processing time for fiat transactions might extend due to bank processing times, a common scenario across most platforms.

Bybit vs Bitget: Native Token Usage

Both Bybit and Bitget have their native tokens, which are integral to their ecosystems and offer you various benefits and utility.

Bybit’s native token is BIT, which serves multiple purposes within the exchange. By holding and using BIT, you can receive:

  • Trading fee discounts reduce your cost per transaction.
  • Access to exclusive events such as token airdrops.
  • The ability to participate in governance decisions within the Bybit ecosystem.

On the other hand, Bitget’s native token is BGB, which also provides a variety of uses and advantages for you:

  • Reduced trading fees, especially when you pay fees using BGB.
  • Opportunity to join loyalty programs where you can earn more BGB.
  • Participation in trading competitions, which might be restricted to BGB holders.

When you hold these tokens, you also benefit from enhanced features and can gain from appreciating the token’s value over time. Listed below are additional perks you may enjoy with each token:

Bybit (BIT) Usage:

  • Increased daily withdrawal limits.
  • Improved customer support services for token holders.

Bitget (BGB) Usage:

  • Use BGB for staking to earn rewards.
  • Access to premium features on the platform.

Remember, the utility and benefits of these tokens can evolve with the platforms, so staying informed on the latest usage policies and features is to your advantage.

Bybit vs Bitget: KYC Requirements & Limits

When comparing the KYC (Know Your Customer) requirements of Bybit and Bitget, it’s essential to consider how they impact your experience regarding privacy, security, and trading capacity.

Bybit KYC:

  • Level 0 Verification: Without KYC, daily withdrawals are capped.
  • Level 1 Verification: Requires personal information, enhancing your daily withdrawal limit.
  • Level 2 Verification: Submitting a government-issued ID and a selfie can further increase daily and monthly withdrawal limits, reaching up to 2 million USDT daily, with no monthly cap.

Bitget KYC:

  • Initial Verification: Mandatory KYC procedures are in place for all users. This level safeguards against fraud and illegal financial activities.
  • Advanced Verification necessitates additional documentation and increases limits, aligning with Level 2 in Bybit.

Documents Required:

Both exchanges require you to submit identification documents, such as:

  • A government-issued ID (passport, driver’s license, etc.)
  • A recent selfie to verify your identity against the provided documents

Trading Limits Based on Verification:

Completion of KYC procedures affects your trading in the following ways:

  • Deposits: Normally not restricted by KYC status, but some promotions or higher-tiered services may require completed KYC.
  • Withdrawals: Limited for non-verified users; significantly higher for verified users.
  • Overall Trading: Enhanced limits and services are often accessible once KYC is completed, although basic trading is possible without full verification.

Your data’s privacy and security on each platform hinge on their commitment to regulatory adherence and protection against identity theft and financial crimes. Bybit and Bitget both emphasize these aspects within their KYC protocols.

Bybit vs Bitget: User Experience

When evaluating Bybit and Bitget’s user experience, you’ll want to consider their web interface and mobile apps.

bybit ui

Bybit offers a modern interface that emphasizes straightforward navigation. You might find its layout intuitive, ensuring swift execution of trades.

  • Design: Sleek and modern
  • Navigation: Intuitive, user-friendly
  • Speed: Fast execution of trades
  • Mobile App: Robust, mirrors web functionality
bitget ui

Bitget might initially seem less intuitive, but it can be pretty user-friendly once you familiarize yourself with its designy. It is particularly appealing if you’re looking for extensive regulatory licensing.

  • Design: Functional, requires some acclimatization.
  • Navigation: Some learning curve
  • Speed: Competitive with industry standards
  • Mobile App: Comprehensive, with full platform features available

Both platforms have dedicated efforts to make sure their services are easy to use. They feature efficient customer support systems if you encounter any hurdles while trading.

Consider the following aspects while using the exchanges:

  1. Ease of Use: Are you finding the platform’s functions accessible?
  2. Design & Functionality: Does the interface facilitate your trading strategy?
  3. Speed & Efficiency: How quickly can you perform actions on the platform?

You’ll notice that both Bybit and Bitget have unique strengths. Bybit’s “Learn” section is valuable if you’re beginning to trade. Conversely, Bitget’s multiple regulatory licenses can influence your confidence in using the platform.

Bybit vs Bitget: Order Types

When comparing the order types on Bybit and Bitget, you’ll find various options that cater to your trading strategy needs.


  • Market Orders: These are executed immediately at the current market price.
  • Limit Orders: You can set the price you want to buy or sell.
  • Stop Orders: Also known as stop-loss orders, they trigger a buy or sell action when the price hits a certain level.
  • Conditional Orders: These are the basis for advanced strategies, and they execute when preset conditions are met.
  • Post-Only Orders: Assure you pay the maker fee, rejecting the order if it would fill immediately as a taker.
  • Reduce-Only Orders: These ensure that an order only reduces your position, not increases.


  • Market Orders: Instant execution at the market’s current price.
  • Limit Orders: Dictate the exact price you want your order to be filled.
  • Stop Orders: Set a specific price to trigger a trade, which is helpful in managing risk.
  • TP/SL (Take Profit/Stop Loss): Automatically execute trades at chosen prices for profit-taking or to minimize losses.
  • OCO (One-Cancels-the-Other): A pair of orders where if one is executed, the other is canceled.

Bybit vs Bitget: Security Measures & Reliability

When selecting a cryptocurrency exchange like Bybit or Bitget, understanding the security measures and reliability is crucial for safeguarding your funds.

Bybit implements robust security measures. It allocates a significant percentage of its budget to protect its system.

Bybit uses advanced encryption and stores deposit addresses across various cold wallets globally. Two-factor authentication (2FA) is another layer of security that adds to Bybit’s credibility.

In contrast, Bitget also takes security seriously by offering comprehensive features. Bitget’s security framework includes 2FA, which is essential for protecting your assets and personal data.

Feature Bybit Bitget
2FA Yes Yes
Cold Storage Multiple locations Not specified
Encryption Advanced Comprehensive
Security Budget High Not specified

Bybit has a more extended presence in the market. This has historically provided it with a more substantial foundational knowledge regarding security incidents.

While there have been no major publicized security breaches, Bybit’s response to minor threats has been timely and effective.

Bitget, meanwhile, is newer and has more aggressive leverage options. Despite dramaticallyt greatly emphasizes user privacy and does not require KYC for trades. It has yet to face significant security challenges in the public domain.

Remember, the need for personal due diligence never diminishes, regardless of the exchange’s existing security measures.

Using personal security practices, like secure internet connections and unique, strong passwords, complements the exchange’s efforts to protect your investments.

Bybit vs Bitget: Insurance Fund

When trading on cryptocurrency exchanges like Bybit and Bitget, understanding how their insurance funds work is crucial to your trading strategy.

These funds protect traders from the adverse effects of unexpected market moves.

Bybit employs an insurance fund to prevent auto-deleveraging in traders’ positions. In cases where a trader’s balance falls below the maintenance margin, the insurance fund kicks in to cover the shortfall.

  • Usage:
    • To prevent auto-deleveraging of traders’ positions.
    • It covers deficits if a trader’s balance drops below the maintenance margin.

Bitget, on the other hand, also maintains an insurance fund with a similar purpose. This fund reduces risks associated with leveraged trades and stabilizes the system during extreme market conditions.

  • Usage:
    • Reduces risks associated with leveraged trades.
    • Stabilizes the system during extreme market conditions.

Both funds are safety nets, ensuring the exchanges operate smoothly even during market volatility.

Remember, while the insurance fund provides an additional layer of security, it’s imperative that you manage your risks effectively and never invest more than you can afford to lose.

Bybit vs Bitget: Customer Support

When selecting a cryptocurrency exchange, customer support is crucial. Both Bybit and Bitget offer customer support, but they cater to their users differently.


  • Live Chat & Email: You can access 24/7 customer support through live chat and email.
  • Multiple Languages: Assistance is provided in various languages, including English, Korean, Russian, Chinese, Japanese, Spanish, and Vietnamese.
  • Responsiveness: The support team is generally known for being knowledgeable and quick to respond.


  • Support Avenues: Bitget provides several methods to contact their customer support, although details on their accessibility and language support are not specified in the search results.
  • Availability: As with most exchanges, Bitget will likely offer support around the clock, but this specific information isn’t provided in the search results.

For your needs, consider the following aspects:

  1. Language Availability: Ensure that support is available in your preferred language.
  2. Response Time: Look for an exchange with a reputation for timely assistance.
  3. Accessibility: Check which platforms (live chat, email, etc.) you can use to get support.

Remember that user experiences with customer support can vary, and ongoing improvements by exchanges may enhance support over time.

Bybit vs Bitget: Regulatory Compliance

When you begin trading cryptocurrencies, understanding the regulatory compliance of your exchanges is crucial.

Bybit has established itself as a transparent entity in terms of regulatory adherence. It focuses on security and compliance with international guidelines, ensuring that its platform aligns with the legal requirements of the jurisdictions within which it provides services.

Bybit Bitget
Regulatory compliance is a priority Varies based on jurisdiction
Established market presence No-KYC policy in some areas
Adherence to international guidelines Different compliance per region

Bybit has attracted over 10 million users, indicative of robust trust and confidence from its user base. Their transparent practices encompass showing how they comply with regulations, which can give you peace of mind regarding legal requirements.

On the other hand, Bitget‘s approach to regulation can vary. They may implement a no-Know Your Customer (KYC) policy depending on the jurisdiction in which you are trading. This might influence your perspective on privacy when selecting an exchange.

For licenses and out-facing compliance, Bitget is said to be a licensed platform, though the extent and nature of the licenses are not explicitly detailed in the provided information. Each jurisdiction has different requirements, so Bitget may have a more complex regulatory footprint.

Bybit and Bitget have faced minimal security incidents, which were quickly addressed. This speaks to their ability to manage and rectify issues, indirectly to their operational standards and ethical considerations.


When choosing between Bybit and Bitget as your cryptocurrency trading platform, your decision should align with your trading experience and strategic needs.

Robust security measures characterize Bybit. It spends a significant portion of its budget on safeguarding assets. The platform offers a maker-taker fee model.

Fees for spot trading are set at 0.1%. With its strong security and reasonable fee structure, Bybit is generally recommended for investors prioritizing platform security. It is also recommended for those who are comfortable with industry-standard fees.

  • Recommended for:
    • Experienced traders who require advanced security features.
    • Users who prefer a more straightforward fee model.

Bitget, on the other hand, stands out for being user-friendly. This makes it a preferable choice for newer traders. It also boasts of being the largest crypto copy trading platform.

This can be an advantage for those who wish to leverage the expertise of others in their trading activities.

  • Recommended for:
    • Beginners are seeking an accessible entry point into crypto trading.
    • Traders interested in copy trading and utilizing auto-trading features.

Both Bybit and Bitget are reputable trading platforms, each presenting unique advantages depending on your requirements.

Whether you are a novice trader seeking simplicity and supportive trading tools or an experienced trader demanding high-level security, ensure you select the exchange that best fits your personal trading profile.

About the Authors

Hi, I'm Larry Jones, an Financial Management graduate from Franklin University, where I focused on Finance. With a deep passion for trading and investing, I've immersed myself in the dynamic world of financial markets. Currently, I dedicate my time to trading while also educating others about the exciting opportunities in cryptocurrencies. Through my experience and expertise, I aim to make complex financial concepts accessible to everyone. Whether you're a seasoned trader or new to the world of investing, my goal is to provide you with valuable insights and practical knowledge to help you navigate the world of cryptocurrencies with confidence.