Bybit vs Phemex — fees & conditions
Bybit vs Phemex: fees, withdrawal costs, products, licenses, security record and support side by side — every value linked to its official source.
Data reviewed byJason Lee About us → The data does not favor either exchange
This is a mechanical count of per-row results with no weights and no composite score. Which exchange suits you depends on which rows matter to you.
Bybit vs Phemex in brief
- Spot trading: both charge 0.1% maker and 0.1% taker, so a $1,000 taker order costs $1.00 on either.
- Futures: Bybit charges 0.02% maker and 0.055% taker, Phemex charges 0.01% maker and 0.06% taker — $0.55 vs $0.60 for a $1,000 taker order.
- Maximum futures leverage: 100× on Bybit, 100× on Phemex.
- Listed coins: 398 on Bybit, 600 on Phemex (each exchange’s own count).
- Bybit requires identity verification (KYC) to trade; Phemex does not require it to place orders.
- Counting row by row: fees is even, products & features is even, trust & regulation is even, and access & support has too little confirmed data to call.
- 1 of 21 scored rows are left uncompared because a value is not yet confirmed from an official source.
Every sentence is generated from the values in the table below — nothing is added that the data does not show.
| Item | Bybit | Phemex |
|---|---|---|
| Fees | ||
| Spot maker | 0.100% ↗ | 0.100% ↗ |
| Spot taker | 0.100% ↗ | 0.100% ↗ |
| Futures maker | 0.020% ↗ | 0.010%✓ ↗ |
| Futures taker | 0.055%✓ ↗ | 0.060% ↗ |
| Cost of a $1,000 spot taker trade | $1.00 ↗ | $1.00 ↗ |
| Cost of a $1,000 futures taker trade | $0.55✓ ↗ | $0.60 ↗ |
| Fee discount with platform token | 25%✓ ↗ MNT | 20% ↗ PT |
| BTC withdrawal fee | 0.000057 BTC ↗ | 0.000015 BTC✓ ↗ |
| USDT withdrawal fee | 1.3 USDT ↗ | 1 USDT✓ ↗ |
| Products & features | ||
| Listed coins | 398 ↗ | 600✓ ↗ |
| Max futures leverage | 100× ↗ | 100× ↗ |
| Copy trading | Yes ↗ | Yes ↗ |
| Earn / staking | Yes ↗ | Yes ↗ |
| Fiat deposit methods | Card · Bank transfer · P2P · Third-party✓ ↗ | Bank transfer · Card |
| API trading | Yes ↗ | Yes ↗ |
| Mobile app | Yes ↗ | Yes ↗ |
| Trust & regulation | ||
| Licenses & registrations | 2 UAE, Austria / EEA | 2 Poland, United States |
| Recorded security incidents | 1 2025 | 1 2025 |
| Proof of reserves | Yes ↗ | Yes ↗ |
| User protection fund | Yes ↗ | Yes ↗ |
| KYC required | Yes ↗ | No ↗ |
| Founded | 2018 ↗ | 2019 ↗ |
| Headquarters | Dubai, UAE ↗ | Not disclosed |
| Access & support | ||
| Interface languages | Not confirmed | 10 en, ru, ko, ja, es, de, fr, tr … |
| Live chat support | Yes ↗ | Yes ↗ |
| Users (exchange’s own claim) | 80M ↗ | 10M ↗ |
Green marks the better value in each row: lower fee, more coins, feature present. Rows without a mark are informational only. Unconfirmed values are never compared.
How these numbers were read
Bybit — Non-VIP tier. No MNT discount applied. Official fee pages /en/fee/spot and /en/fee/futures (the old announcement-info/fee-rate URL now redirects to /en/fee/futures). Re-verified 2026-10-12 by weekly review in-browser: Spot Crypto Pairs "Regular User" 0.1% maker / 0.1% taker (0.075% after MNT discount, not used); Futures Standard Crypto "Regular User" 0.02% maker / 0.055% taker (0.018%/0.0495% after MNT discount, not used). Founded March 2018; global HQ moved to Dubai (opened Apr 2023). listed_coins = 398 distinct spot base coins from the public v5 instruments-info endpoint (538 pairs, 2026-09-15). futures_max_leverage = 100x for BTCUSDT perpetual at the lowest risk-limit tier (USDC perpetuals go to 125x, excluded as the USDT-margined figure is the comparable one). Fiat: bank-card buy, fiat deposit to Funding Account (bank transfer), P2P, and third-party one-click buy partners. Bybit.com blocks automated fetches; values above were confirmed in-browser from the official fee rate page (2026-09-23). active_users_claimed = "80M users" per the official 80M-users celebration announcement (Jan 2026). [Withdrawal fees checked 2026-10-28 via the data feed behind the official Crypto Deposit/Withdrawal Status page (read in-browser; returns 403 to non-browser clients): BTC 0.000057 BTC on BTC; USDT 1.3 USDT on TRON (TRC20) (cheapest: BERA (USDT0) 0). The exchange adjusts them with network conditions.]
Phemex — VIP 0 (base tier), no PT deduction. Spot 0.1% maker / 0.1% taker; contracts 0.01% maker / 0.06% taker for USDⓈ-M (USDT/USDC-margined) perpetuals, per the Help Center 'Phemex Trading Fee Structure' table. PT deduction is 20% on spot and 10% on USDT contracts (spot figure recorded). [Withdrawal fees checked 2026-10-28 via the Deposit/Withdrawal tab of the official Fees & Conditions page, read in-browser (the public API has no fee field): BTC 0.000015 BTC on BTC (cheapest: BNB 3.1e-7); USDT 1 USDT on TRX (cheapest: BNB 0.01). The exchange adjusts them with network conditions.]
More from Reviewer’s Insight
Bybit vs Phemex in brief
Which is cheaper for spot trading, Bybit or Phemex?
Both charge the same spot fees: 0.1% maker and 0.1% taker.
Which has lower futures fees, Bybit or Phemex?
Bybit has the lower futures taker fee (0.055% vs 0.06% on Phemex). Maker fees are 0.02% on Bybit and 0.01% on Phemex.
Do Bybit and Phemex require KYC?
Bybit requires identity verification (KYC) to trade; Phemex does not require it to place orders.
Which lists more coins, Bybit or Phemex?
Phemex lists more: 600 coins vs 398 on Bybit (each exchange’s own count).
Which has lower withdrawal fees, Bybit or Phemex?
BTC withdrawal: 0.000057 BTC on Bybit vs 0.000015 BTC on Phemex. USDT withdrawal: 1.3 USDT on Bybit vs 1 USDT on Phemex.
Which is more regulated, Bybit or Phemex?
Bybit has 2 recorded license(s) or registration(s); Phemex has 2. A license count is not a safety score.
Every answer is generated from the values above and their official sources — nothing is added that the data does not show.