Binance vs Bybit: the liquidity leader vs the exchange that survived a $1.5B hack

Both charge the same 0.10% spot fee and serve the international trader Binance.US and Kraken can't. Binance wins on scale and track record; Bybit's app is cleaner but carries the largest exchange hack in history on its record.

        BY SAM OKAFOR·UPDATED JUL 2026·7 MIN READ·CONTAINS AFFILIATE LINKS
      

Binance8.7

LOWEST FEES (INTL.)

Deepest order books anywhere, 0.10% spot fees, dozens of supported fiat currencies.

Visit Binance →

Bybit7.8

DERIVATIVES DEPTH

0.10% spot fees, capable app, client funds made whole within weeks of its Feb 2025 hack.

Visit Bybit →

Side by side

            BINANCEBYBIT
          

Spot taker fee0.10%0.10%

BTC withdrawal~$1.20Dynamic (low)

Order book depthDeepest of any exchangeStrong, especially Asia hours

Major security incidentNoneFeb 2025, ~$1.5B (recovered)

Regulatory history2023 US settlement on recordCleaner regulatory record

Fees verified JUL 2026 — confirm before buying. BTC {{ price }}

Category winners

Liquidity depthBINANCE

Security track recordBINANCE

App polishBYBIT

OUR VERDICT

Pick Binance for the deepest liquidity and the longer unblemished security record. Pick Bybit if you want a cleaner interface and are comfortable that its Feb 2025 breach was resolved with client funds made whole — for spot buying alone, Binance remains the safer default.

Common questions

What happened in Bybit's 2025 hack?

Bybit lost roughly $1.5 billion in a cold-wallet exploit in February 2025 — the largest exchange hack on record. Client funds were made whole within weeks.

Are either available to US residents?

Only Binance.US, a limited-feature separate entity. Bybit does not currently serve US residents at all.