Bybit vs Margex Fees

Neither Margex and Bybit support fiat deposits or withdrawals, and therefore, there are no charges for either transaction on either platform. However, individual third-party payment processors will charge transaction fees if you wish to purchase crypto directly using fiat currency. These fees vary depending on market conditions.

Depositing crypto into either exchange is free of charge, and withdrawals are subject to a fee dependent on which coin you want to transfer.

When it comes to trading fees, Margex charges 0.019% for makers and 0.060% for takers.

Bybit has different fees for spot trading and derivatives trading. Spot traders pay 0.1% per trade, and derivatives traders pay 0.01% and 0.06% for makers and takers, respectively.

Bybit vs Margex Deposit Methods

As we noted above, you cannot make fiat currency deposits into Margex and Bybit. Instead, you can either deposit cryptocurrency into your account, or use the supported payment methods to buy digital currency. 

Margex supports credit cards and debit cards only, while Bybit supports credit and debit cards, Google Pay, and bank transfer via a wide range of third-party payment processors.

Bybit vs Margex Features 

Margex features:

Margex is a newer margin trading exchange that promises to make trading easy, with an intuitive interface and a variety of features that users will find attractive.

High liquidity trading pairs

Margex offers a limited range of trading pairs, but the ones it offers are the popular coins with high liquidity. For example, XRP/USD and UNI/USD are frequently traded trading pairs, with a good balance between stability and volatility. Some other trading pairs include SOL/USD, BTC/USD, LTC/USD, ADA/USD, EOS/USD and ETH/USD.

Great user experience

Margex offers an excellent customer support experience, with a user-friendly interface that makes it easy for beginners to get started. The comprehensive trading guide available on the website is a great resource for beginners, providing an overview of the different trading options available and how to use them. The Margex team is also very responsive to customer queries, ensuring that all users have a positive experience. Overall, Margex provides a great user experience, with everything that beginners need to get started in online trading.

Sign up quickly and trade anonymously

Margex is committed to providing users with the easiest and fastest sign-up process possible. They understand that nobody likes jumping through hoops to join an exchange, so they've designed the sign-up process to be as straightforward as possible. All you need to do is provide your email address and create a password, and you'll be ready to start trading in no time. Best of all, they don't require any KYC verification, so you can trade immediately and anonymously, without uploading documents or waiting for approval.

Margin trading with up to 100x leverage

Margex currently offers 39 of the major cryptocurrencies for margin trading, with up to 100x leverage. This is a generous amount of leverage, as some other crypto platforms only allow up to 5x or 20x. However, please keep in mind that margin trading is a risky investment strategy, and should only be conducted by experienced traders that fully understand the risks. Having said that, it can offer the potential for high rewards. Margex provides users with the tools and information they need to make informed trades. 

Bonuses

Bonuses and promotions are also available to users who open an account with Margex. Margex offers a generous affiliate program with a 40% commission on all referral trading fees.

There's also a $100 sign-up bonus which is split into two parts. When you first register, you'll get a free $50 bonus to cover your trading fees. Once you've deposited 0.004 BTC or more, you'll receive an additional $50 bonus. This makes it easy to get started with Margex and start earning money from your referrals. With these bonuses, you can easily offset the costs of buying and selling crypto, making it a great option for those just starting out. Sign up with Margex now, to claim your bonuses.

Bybit Features

Bybit is an excellent crypto exchange that has quickly become one of the most popular crypto trading platforms. Unlike Margex, Bybit is well-suited for novice and experienced traders alike. Here are some of the features that make it a worthy competitor to Margex:

Derivatives trading

Bybit is well-known for its derivatives trading offering. The platform offers a variety of contract types to suit different traders' needs. The most popular contract type is the Inverse Perpetual, which uses the coin as collateral. This type of contract is ideal for traders who want to speculate on the price of the underlying asset without having to worry about the volatility of the markets. For those who want to hedge their positions or take advantage of market trends, the USDT Perpetual and Inverse Futures contracts are also available. In a USDT perpetual contract, USDT is used as collateral, and in an inverse futures contract, the coin is again used as collateral.

Spot trading

Bybit's spot trading feature is a great way to complement your derivatives trading. With spot trading, you can trade a variety of digital assets against USDT, including BTC, ETH, XRP and EOS. Bybit currently offers over 280+ different trading pairs, with more being added all the time. The spot market is highly liquid, with prices moving rapidly in response to market conditions. As such, it's a great way to get involved in the digital currency markets without having to commit to a long-term position. Plus, with Bybit's low trading fees, you can trade without worrying about high costs. 

Margin trading

You can also try margin trading on the platform, with Bybit offering up to 100x leverage on some coins. This means that traders can take positions that are worth up to 100 times their initial investment. This high level of leverage can be used to amplify profits, but it can also lead to losses if the market moves against the trader. For this reason, margin trading is only suitable for experienced traders who are aware of the risks.

Insurance fund

As mentioned, Bybit offers up to 100x leverage on its trades. While this can be a great way to amplify your profits, it can also leave you highly exposed to losses in a volatile market. To protect its traders from being wiped out by sudden price movements, Bybit has an insurance fund that covers any excess losses. This means that even if your position is liquidated at a worse than bankruptcy price, you will still have some equity left over. As a result, the insurance fund helps to minimize the risk of trading on Bybit and makes it a more attractive platform for those looking to take advantage of leverage.

Demo account

If you're new to Bybit, we recommend that you start by using a Testnet account. This is a demo version of the main site, and it allows you to practise trading without depositing any real money or crypto. Instead, you use demo Bitcoin to conduct your trades, to get a feel for the exchange before you use your real money. Using the Testnet is a great way to learn how Bybit works, and learn how to place orders and execute trades.

Best of all, the Testnet is identical to the main Bybit site, so you'll be able to transition seamlessly to live trading when you're ready. The Testnet is also a useful tool for experienced traders who want to test out new strategies without putting their capital at risk. 

Great user experience

Bybit is a great choice for those looking for a fast and reliable exchange. With the ability to process 100,000 trades per second, traders can be sure that their orders will be executed quickly and efficiently. In addition, Bybit offers 24/7 customer support, which is always available to answer any questions or concerns that traders may have. The exchange also supports take profit/stop-loss orders, which can help to limit losses and maximize profits.

Bybit vs Margex Security

In this digital currency age, security is a major concern for any online platform. When it comes to cryptocurrency exchanges, security is even more important since exchanges are often targets for hackers due to the large amounts of money that flow through them.

Every exchange is committed to ensuring the safety of its users' funds and personal information, and both Margex and Bybit haven't been left behind in this regard.

On Margex, two-factor authentication is required for all withdrawals, and all withdrawals are also confirmed via email. In addition, all communications with Margex are encrypted using SSL, and their servers are monitored in real-time to ensure that they are operating properly. Plus, their system is designed to prevent price manipulation and fraud, and all customer assets are stored in cold storage to further protect them from theft.

When it comes to security, Bybit takes a multi-faceted approach. To start, all account access requires both multi-factor authentication and biometric information to prevent unauthorized access. They have also adopted cold wallets to store digital assets. This is one of the most secure storage methods available, as it keeps the assets offline and away from potential hackers.

In addition, Bybit uses SSL encryption to protect all data transmitted between traders and the exchange. They also have a withdrawal limit in place, which restricts traders to withdrawing once every eight hours. This ensures that any suspicious activity is caught and investigated before any funds are lost.

Finally, all withdrawal requests are subject to three levels of verifications and manual reviews per day. This ensures that any attempted fraud is caught and dealt with quickly and efficiently.

Number of Cryptocurrencies

Regarding the number of cryptocurrencies supported, Margex falls far behind Bybit. Margex only supports 39 coins, while Bybit supports over 280. This is definitely a huge difference, and it can have a big impact on your trading experience. With Bybit, the numerous options makes it easier to find a profitable market to trade, and take advantage of different market conditions.

Verdict - Bybit

At first glance it can be hard to tell which of these two exchanges is better since they both offer a lot of advantages and different features that appeal to different types of investors. Plus, both offer competitive fees and are extremely secure.

However, after our analysis, we found that Bybit is the better exchange since it caters to both novice and experienced traders, and offers more markets, features, and cryptocurrencies. With features like derivatives trading, 280+ coins, a demo account, and a reserve pool, Bybit definitely has the edge over Margex.

However, if you prefer to use Margex, be sure to take advantage of the generous welcome offer of $100 FREE plus 15% bonus on your first deposit, when you sign up here.

Still Researching?

If you want to read more about these two crypto exchanges, read our detailed reviews of Margex (here) and Bybit (here). If you are from the US, you won't be able to access either of these platforms, but you can take a look at the best crypto exchanges in the US. There is also a quick comparison table below that summarizes some key info.