Bybit and Binance are the two renowned crypto exchanges that we know now. If you were to pick one of them to use for your P2P transactions and crypto trading, which one of them would you pick?
Bybit vs Binance: Which exchange would you rather pick?
- Thread starter King Belieal
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I don't like Binance because it's fully regulated, which is bad if you want to maintain the privacy of your asset volume. But it's the best known and the one that everyone usually uses. Back then I used to use Bitget, but for some unknown reason (because I asked and they didn't tell me) they closed my account, so I withdrew my funds and went to another exchange. So I'm currently using Bybit and so far I haven't had a single problem. I love it, it meets everything I'm looking for.
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Although I have a Bybit account but I rarely use it, I use Binance more often which can be connected to Binance's local crypto exchange, TokoCrypto.
Binance is far more better but since Nigeria government have issue with Binance, i moved to Bybit. They said that when the preferable is not available, the available become preferable.
eLdavis
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I would go for bybit cause so far i don't think there would be any issues using it in Nigeria, and then again i have been hearing about it.
I would never be able to use Bybit. Their app is very complex and their mobile site is not friendly too. That is my experience. I prefer Binance.
The good thing about Binance is that it is the most famous worldwide and if you send money from Binance to Binance there are no commissions, so being the most well-known there are many people in the world who use it, so you can send money without commissions in various parts of the world without problems.
riberet19
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I like both, but if I have to choose one I think it would be Binance, also, I think it is better for beginners in general.
I have only used Binance for all my crypto exchange services. I tried to sign up on Bybit but the process was too cumbersome.
ByBit is little better than binance contains Polygon Matic.
