# Binance vs Bybit (2026) - Verdict

**Verdict:** both live and price-verified as of Jul 21, 2026. Choose Binance if a longer track record matters to you; it has run since 2017. Choose Bybit if you lean toward the more recent build, from 2018.

Category: Crypto Exchanges · Verified: Jul 21, 2026

## Choose Binance if

- a longer track record matters to you; it has run since 2017.

Link: https://verdict.tools/go/binance (rel="sponsored nofollow")

## Choose Bybit if

- you lean toward the more recent build, from 2018.

Link: https://verdict.tools/go/bybit (rel="sponsored nofollow")

## What each one is

**Binance.** Binance is a centralized, custodial cryptocurrency exchange founded in July 2017 by Changpeng Zhao and Yi He, offering spot and derivatives trading across a large catalog of tokens and trading pairs. It is described as the largest exchange by daily trading volume. Standard spot trades cost 0.1% for both maker and taker, dropping 25% to 0.075% for users who pay fees in the platform's own BNB token, a discount available at any volume tier. The main binance.com platform is not open to United States residents, who are directed to the separate Binance.US entity, and the company runs on jurisdiction-specific licenses that include a regulatory base in Abu Dhabi's ADGM.
Sources: Binance fee schedule (vendor) (https://www.binance.com/en/fee/schedule) · Binance - Wikipedia (https://en.wikipedia.org/wiki/Binance) · Binance restricted and supported countries 2026 (Datawallet) (https://www.datawallet.com/crypto/binance-restricted-countries) · Binance licenses and legal registrations (vendor) (https://www.binance.com/en/legal/licenses)

**Bybit.** Bybit is a centralized crypto exchange founded in 2018 and now headquartered in Dubai, built primarily around derivatives such as perpetuals, futures, and options, with spot markets alongside. Account holders can verify their balances against the exchange's holdings through a Merkle-tree proof-of-reserves attestation checked by Hacken. It operates across many markets but is restricted from the United States and, since 2021, the United Kingdom. In February 2025 Bybit disclosed a wallet breach in which roughly $1.4 billion in Ethereum was stolen, which independent analysts attributed to North Korea's Lazarus Group; the exchange said it restored 1:1 reserves within days.
Sources: Bybit - Wikipedia (https://en.wikipedia.org/wiki/Bybit) · Bybit Trading Fee Structure - Help Center (https://www.bybit.com/en/help-center/article/Trading-Fee-Structure) · Bybit Trading Fees (fee-rate schedule) (https://www.bybit.com/en/announcement-info/fee-rate/) · Assets Verified: Hacken's Ongoing Proof of Reserves for Bybit - Hacken (https://hacken.io/case-studies/bybit-proof-of-reserves/)

## Side by side

| Metric | Binance | Bybit |
|---|---|---|
| From $/mo | Custom | Custom |
| Free tier | Yes | Yes |
| Founded | 2017 | 2018 |
| Best for | solo & SMB | solo & SMB |
| Status | Live | Live |

All figures = lowest paid monthly plan · verified Jul 21, 2026.

## Where they differ

**Price.** At least one is quote-based rather than a public monthly price - check current plans via the links.

**Free access.** Both Binance and Bybit offer a permanent free tier.

**Track record.** Binance has been operating since 2017; Bybit since 2018. A longer survival record matters.

## FAQ

### Binance or Bybit - which is better in 2026?
Both are live and price-verified as of Jul 21, 2026. Choose Binance if a longer track record matters to you; it has run since 2017. Choose Bybit if you lean toward the more recent build, from 2018.

### Is Binance cheaper than Bybit?
Pricing is quote-based for at least one of them; check current plans via the links (verified Jul 21, 2026).

### Does Binance or Bybit have a free tier?
Both Binance and Bybit offer a permanent free tier.

### Are Binance and Bybit still maintained?
Yes - both are live as of Jul 21, 2026, with no official sunset announced for either.

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