Bybit vs Binance: fees, cashback and which to choose
Bybit is the go-to exchange for derivatives and futures; Binance is the world's largest exchange by volume and liquidity. We compare them on fees, available cashback and which trader profile each suits — plus how to recover part of your fees on both.
Quick comparison
| Bybit | Binance | |
|---|---|---|
| Cashback | 20% | 15% |
| Applies to | of your trading fees | of your trading fees |
| Countries | 7+ | 6+ |
| Best for | futures and derivatives traders who want market depth and fast execution | traders who prioritize maximum liquidity, broad catalog and low base fees |
Fees
Bybit. Competitive futures fees (taker ~0.055%) with discounts via VIP tier and the platform token.
Binance. Low base fees (spot 0.1%, less with BNB and by volume). The cost leader at high volume.
Available cashback
Bybit offers more cashback (20%) than Binance (15%), so you recover a larger share of every fee you pay. The gap matters most if you trade with volume.
Work out how much you'd recover for your volume with the cashback calculator.
Pros and cons
Pros
- Deep derivatives liquidity
- Fast execution and polished app
- Built-in copy trading
- 20% cashback via Omanero
Cons
- Not available to US residents
- Derivatives interface can intimidate beginners
Pros
- Top market liquidity
- Very competitive base fees
- Huge ecosystem (earn, launchpad, etc.)
- 15% cashback via Omanero
Cons
- Regulatory restrictions in some countries
- Cashback slightly lower than other exchanges
Best for each profile
Choose Bybit if you're futures and derivatives traders who want market depth and fast execution. Choose Binance if you're traders who prioritize maximum liquidity, broad catalog and low base fees.
Verdict
If your priority is recovering the most fees, Bybit leads with 20% cashback. If you value Binance's profile more, you still recover fees at 15%. Best of all: you don't have to choose — use both and earn cashback on each.
Recover fees on Bybit and Binance with verifiable payments.