Binance vs Bybit: Which is the Best Cryptocurrency Exchange in 2025?
Cryptocurrency adoption in Pakistan is growing rapidly, and choosing the right exchange is essential for both beginners and experienced traders. In this guide, I compare Binance and Bybit based on hands-on experience using $100 on each platform to purchase BNB. I evaluated both platforms across trading fees, security, ease of use, and more to help you decide which platform fits your needs in 2025.
🧪 Hands-On Testing: Buying $100 in BNB
To test both exchanges fairly, I used ~$100 USDT on each platform to buy BNB/USDT. Here’s what happened:
✅ Binance Experience
• Order Type: Limit Buy
• Filled Price: 666.00 USDT
• Amount Purchased: 0.1501 BNB
• Fee Charged: 0.0001501 BNB
• Role: Maker
• Execution: Fast & smooth
• Interface: Intuitive, with clear breakdown of price, fee, and order details.👏
🟡 Bybit Experience
• Order Type: Market Buy
• Filled Price: 666.24 USDT
• Amount Purchased: 0.15 BNB
• Fee Charged: 0.0001125 BNB
• Role: Taker
• Execution: Smooth, but UI gave less clarity in fee and role breakdown.👎
🔷 Feature Comparison Table
Here's a quick comparison of the core experience across both platforms:
Security & Transparency
Binance:
2FA, anti-phishing code, SAFU fund
More user control (device, withdrawals, login)
Bybit:
Solid security with cold wallets & 2FA
Missing extra safety layers like SAFU
🔷 Supported Cryptocurrencies
Both Binance and Bybit support a wide range of cryptocurrencies, but Binance offers significantly more options, especially for new tokens and low-cap gems.
🔷 Trading Fees
Binance offers highly competitive fees, and users can save more with BNB. Bybit’s fee structure is decent but doesn’t match Binance’s discounts and volume incentives.
🔷 Ease of Purchasing Crypto
Binance offers multiple fiat onramps, local payment options, and P2P services. Bybit is improving in this area but still lacks local support in many regions.
🔷 Products & Ecosystem
Binance offers way more:
Megadrop: Airdrop campaigns with staking or quests.
Binance Alpha: Exclusive insights, launch info.
Launchpool & Earn: Great passive income tools.
Copy Trading: Ideal for beginners to learn by copying pros.
Bybit:
Earn & Launchpad are nice but limited
No Megadrop, fewer long-term earning tools.
🔷 UX & Support
Binance live chat is fast, multilingual
Bybit is helpful, but slower with auto-responses
Binance’s interface might feel advanced, but it gives more control
🔷 Final Verdict
While Bybit holds its ground with strong trading tools and beginner offerings, Binance wins in Pakistan for 2025 due to its:
Lower fees (especially with BNB usage)
Stronger product ecosystem (Megadrop, Alpha)
Better fiat access
Advanced security options
Which One Wins?
If you’re a beginner or only care about simple trades, Bybit is OK.
But if you want the full crypto experience real features, cheaper fees, better security Binance wins hands down.
✅ Lower fees
✅ More products
✅ Better security & support
✅ Trusted by millions
Start your crypto journey here:
https://www.binance.com/join?ref=41601761
🌷💛🤝
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