Bybit

4.2(1600)

Various

Phemex

3.6(550)

Various

Bybit vs Phemex

Head-to-Head Comparison 2026

Our Verdict

Bybit has a higher rating of 4.2/5 compared to Phemex (3.6/5). Bybit has been in the market since 2018, making it the more experienced provider.

Comparison Table

Criteria	Bybit	Phemex
Rating	4.2/5 (1600 reviews)✓	3.6/5 (550 reviews)
Regulation	Various	Various
Fees	0.10% maker / 0.10% taker (Spot)	0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%
Min. Deposit	0 $	0 $
Instruments	Crypto, Derivatives, Futures, Options (Crypto), Launchpad	Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot
Platforms	Bybit Web, Bybit App	Phemex Web, Phemex App
Options Trading	No	No
Founded	2018	2019
Headquarters	Dubai	Singapore

Detailed Comparison

Fee Comparison

Bybit: 0.10% maker / 0.10% taker (Spot). Minimum deposit: 0 $.

Phemex: 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%. Minimum deposit: 0 $.

Product Range

Bybit (5 categories)

CryptoDerivativesFuturesOptions (Crypto)Launchpad

Phemex (5 categories)

BitcoinEthereumAltcoinsPerpetual FuturesSpot

Trading Platforms

Bybit

Bybit Web
Bybit App

Phemex

Phemex Web
Phemex App

Regulation & Security

Bybit is regulated by Various (HQ: Dubai).

Phemex is regulated by Various (HQ: Singapore).

Who Is It For?

Bybit

Crypto exchange focused on derivatives and copy trading

✓ High liquidity in derivatives trading

✓ Copy trading available

✓ Over 500 cryptocurrencies

✗ Not available in all countries

✗ Regulatory status unclear in some regions

Phemex

Crypto derivatives exchange with spot trading and up to 100x leverage

✓ Fast order execution (under 1ms)

✓ Founded by former Morgan Stanley executives

✓ Low futures fees

✗ No EU regulation, offshore domicile

✗ High loss risk with 100x leverage

Frequently Asked Questions

Is Bybit or Phemex cheaper?

Bybit charges 0.10% maker / 0.10% taker (Spot). Phemex charges 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%. The minimum deposit is 0 $ at Bybit and 0 $ at Phemex.

Which broker offers more products: Bybit or Phemex?

Bybit offers Crypto, Derivatives, Futures, Options (Crypto), Launchpad. Phemex offers Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot.

Which broker is better regulated?

Bybit is regulated by Various. Phemex is regulated by Various.

Is Bybit or Phemex better for beginners?

Bybit has a minimum deposit of 0 $ and offers Bybit Web, Bybit App as platforms. Phemex has a minimum deposit of 0 $ and offers Phemex Web, Phemex App. Bybit has the lower entry barrier.

Bybit vs Phemex: Which broker is better overall?

The choice between Bybit (4.2/5, 1600 reviews) and Phemex (3.6/5, 550 reviews) depends on your needs. Bybit: Crypto exchange focused on derivatives and copy trading. Phemex: Crypto derivatives exchange with spot trading and up to 100x leverage.

Bybit

Crypto exchange focused on derivatives and copy trading

Open Account →

From 0 $ min. deposit

Phemex

Crypto derivatives exchange with spot trading and up to 100x leverage

Open Account →

From 0 $ min. deposit

Bybit read review →Phemex read review →