VaultRubric
Binance vs Bybit
Pick your crypto platform by the evidence.
Binance and Bybit are both popular crypto exchanges. Below: the sourced facts side by side, then VaultRubric's equal-weight score with the math shown, so you can see exactly why one comes out ahead. Every number links to its source and date; anything we couldn't verify says not found.
Run your own comparison →Opens the tool with these platforms filled in, so you can change the weights.
Key facts compared
| Fact | Binance | Bybit |
|---|---|---|
| Trading fees (entry tier) | 0.1% maker / 0.1% taker Spot, Regular user; 0.075% when paying fees in BNB src · 2026-10-10 | 0.1% maker / 0.1% taker Spot crypto pairs VIP 0; fiat-crypto 0.15/0.20 src · 2026-10-10 |
| Supported coins | 350+ src · 2026-10-10 | 280+ src · 2026-10-10 |
| Security incidents | 2019-05 7,000 BTC (~$40M) hot-wallet breach; covered src · 2026-10-10 | 2025-02 ~$1.4B ETH/stETH stolen from cold wallet via compromised Safe{Wallet} UI (Lazarus); covered from reserves src · 2026-10-10 src · 2026-10-10 |
| Regulatory / legal actions | 2023-11 Pleaded guilty to BSA/AML, unlicensed money transmitting and sanctions (IEEPA) violations; $4.3B penalties; founder CZ pleaded guilty and was sentenced to 4 months src · 2026-10-10 | none in curated data |
| Proof of reserves | Yes src · 2026-10-10 | Yes src · 2026-10-10 |
| US availability | No Global exchange does not serve US; US users use separate Binance.US src · 2026-10-10 | No src · 2026-10-10 |
| Licensing / regulation | not found | not found |
VaultRubric verdict
VaultRubric pick: Bybit
⚠ Bybit: Hacked 2025-02, customers reimbursed
⚠ Binance: customer funds loss >48 months ago (2019-05)
⚠ Binance: Regulatory: Pleaded guilty to BSA/AML, unlicensed money transmitting and sanctions (IEEPA) violations; $4.3B penalties; founder CZ pleaded guilty and was sentenced to 4 months (2023-11)
| Criterion (weight) | Bybit | Binance |
|---|---|---|
| Fees (17%) | 10.0/10 | 10.0/10 |
| Security & track record (17%) | 5.0/10 | 3.0/10 |
| Supported coins (17%) | 9.6/10 | 10.0/10 |
| Ease of use (17%) | 6.0/10 | 4.0/10 |
| Customer support (17%) | 2.0/10 | 2.0/10 |
| US availability/regulation (17%) | 0.0/10 | 0.0/10 |
| Overall | 54.3% coverage 100% | 48.3% coverage 100% |
Show math: Bybit
0.167×10.0 + 0.167×5.0 + 0.167×9.6 + 0.167×6.0 + 0.167×2.0 + 0.167×0.0 = 5.43; ÷ covered weight 1.000 = 5.43/10 → 54.3%Show math: Binance
0.167×10.0 + 0.167×3.0 + 0.167×10.0 + 0.167×4.0 + 0.167×2.0 + 0.167×0.0 = 4.83; ÷ covered weight 1.000 = 4.83/10 → 48.3%Pros and cons
From independent reviews; each point links to its source.
Bybit
Pros
- Low trading fees src
- Intuitive interface better than competitors src
- Competitive fees for derivatives src
- Strong security with cold storage src
Cons
Opens the tool with these platforms filled in, so you can change the weights.
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FAQ
Is Binance or Bybit better?
On VaultRubric's equal-weight rubric, Bybit scores higher (48.3% vs 54.3% for Binance and Bybit respectively). The better choice depends on what you weight most; run the tool with your own priorities.
Which has lower fees, Binance or Bybit?
Entry-tier taker fees in our data: Binance 0.1%, Bybit 0.1%. They are the same on that measure. Spreads and withdrawal fees are extra; check each fee page.
Has Binance been hacked?
Yes, our data records: 2019-05: 7,000 BTC (~$40M) hot-wallet breach; covered.
Is Binance available in the US?
No. Global exchange does not serve US; US users use separate Binance.US
Has Bybit been hacked?
Yes, our data records: 2025-02: ~$1.4B ETH/stETH stolen from cold wallet via compromised Safe{Wallet} UI (Lazarus); covered from reserves.
Is Bybit available in the US?
No.
How does VaultRubric score platforms?
Each criterion gets 0–10 from cited evidence (curated dated data, live independent reviews, and AI analysis that must quote its source verbatim). Weights are normalized to 100%; missing data is excluded and shown as coverage. Platforms with an unreimbursed customer-funds hack in the last 48 months are capped at 60% and can't be the pick. Criminal guilty pleas (−2) and major civil settlements (−1) in the last 5 years reduce the security score.