My Honest Experience: Why I Ended Up Using Bybit Instead of Binance

Samuel Grant — Mon, 18 Aug 2025 00:22:43 +0900

Like many people, I started my crypto journey with Binance. It’s the biggest exchange, it has tons of coins, and everybody talks about it. But after trading there for a while, I started feeling that it wasn’t the perfect fit for me. Out of curiosity, I tried Bybit — and honestly, I ended up staying.

I’m not saying Binance is bad. It’s a strong platform. But for me personally, Bybit felt easier, cheaper, and more straightforward. Here’s why.

1. Cleaner and Simpler to Use

Binance has so many products — Launchpad, Earn, NFT, Savings, and more. Sometimes it felt more like a financial supermarket than a trading platform. Bybit, in comparison, feels much lighter and more focused on trading itself. For me, that made it easier to use.

2. Fees and Discounts That Actually Work

Binance fees:
- Spot: 0.1% / 0.1%
- Futures: 0.02% maker / 0.04% taker
- Discounts only if you hold BNB (Binance’s token).
Bybit fees:
- Spot: 0.1% / 0.1%
- Futures: 0.01% maker / 0.06% taker
- Up to 20% off with referral codes or promotions.

For me, Bybit felt cheaper in practice because I didn’t need to buy and hold another coin just to reduce my fees. The discounts were more direct and easier to access.

3. KYC Flexibility

Binance now requires strict KYC for almost everything. Bybit was more flexible — I could trade and withdraw within certain limits without going through the full process right away. That gave me faster access when I first joined.

4. Binance vs. Binance US (A Real Problem for Americans)

This is something a lot of people don’t realize until later.

Binance.com is the main global exchange.
Binance.US is a separate platform with fewer coins, fewer features, and lower liquidity.

If you’re based in the United States, you can’t even use the full Binance.com service. You’re forced to use Binance.US, which honestly feels like a watered-down version. That’s a huge downside if you’re an American trader.

Bybit, on the other hand, doesn’t split its users this way. Everyone has access to the same global platform, with the same features and liquidity. That consistency felt much better to me.

5. Customer Support Felt More Human

Whenever I had issues on Binance, the support replies often took forever and felt copy-pasted. Bybit’s live chat, on the other hand, actually responded quickly and solved my problem most of the time. It wasn’t perfect, but it was a noticeable difference.

6. Bonuses Were a Nice Extra

I didn’t switch because of the bonuses, but I did get some when I joined Bybit — rewards for my first deposit and first trade. It wasn’t huge money, but it made me feel like they actually cared about onboarding new users.

Final Thoughts

Binance is still the biggest exchange in the world, but bigger isn’t always better. For me, Bybit offered a smoother, simpler, and more consistent experience. The up to 20% fee discounts were great, and the fact that I didn’t have to worry about being forced into a limited “.US” version was a big plus.

If you’re in the U.S. especially, I’d say give Bybit a try. That’s what I did, and I haven’t looked back.

-Direct link-

Bybit

Binance

-bybit code-

NVOZNAA

When you create a Bybit account, the code above gives you the highest discount rate available.
If I find a Binance code later, I’ll share it with you as well.

It will be automatically applied through the direct link above.

Samuel Grant (Head of BITMIND Korea)