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TH Cryptocurrency exchange Bybit first appeared in 2018 as a standalone derivatives trading platform that offers inverse futures contracts and unlimited duration with leverage up to 1:100 USD futures. Quarterly is available at Bybit along with BTC, ETH, XRP, EOS, LTC and several tokens. There is a linear futures contract for BTC/USDT. The exchange has several technological advantages: it provides market participants with mutual insurance against possible rapid price movements. There is compensation for long and short positions. and has market depth
Cryptocurrency exchange eToroX was launched by its parent company, eToro broker, in 2018. The company's headquarters are located in Gibraltar. Cryptocurrency exchange eToroX ranks high in the ranking. CoinMarketCap and has more than 19 million active accounts. The marketplace is unified with eToro's main platform, so clients who open an account with eToroX can use the functionality of both the exchange and broker.
| BYBIT | 4 | 0.1%-0.3% | 9KEI8DW |
| eToro | 3.9 | 1% | 3S0xMp1 |
สารบัญ
Bybit vs eToro: Marketplaces, Products and Leverage Offered
Bybit specializes in futures trading and offers unlimited contracts on leading cryptocurrencies. Including contracts with fixed expiration dates, Bybit also offers up to 100x leverage on its trading products.
eToro, on the other hand, is a social trading platform that offers a wide range of trading products, including stocks, forex, commodities. and digital currency It allows traders to buy and sell stocks. As well as trading CFDs (Contracts for Difference) on various assets, eToro also offers leverage of up to 30x on some trading products.
Traders looking for high leverage may prefer eToro, while those looking to trade cryptocurrency futures may prefer Bybit.
Bybit VS eToro: Supported Cryptocurrencies
Bybit offers futures trading for Bitcoin, Ethereum, and other leading crypto coins. It also supports unlimited duration contracts for these cryptocurrencies. This means that traders can hold their positions for however long they want.
On the other hand, eToro supports a wide range of cryptocurrencies. But the trader does not own the underlying asset when trading there. Instead, they trade CFDs that track the price of the asset.
Therefore, eToro is the clear winner in this topic if you are looking for a wider range of assets for trading. But it does not allow users to hold real assets.
Bybit VS eToro: Trading Fees and Deposit and Withdrawal Fees
Bybit charges a trading fee ranging from 0% to 0.05% depending on the type of contract and the user's trading volume. Bybit also charges a funding fee, which is the cost of holding open positions for a certain period of time. This fee depends on current interest rates and the demand for the asset in the market.
For deposits and withdrawals, Bybit only supports cryptocurrency transactions. There are no deposit fees. But there is a minimum deposit amount depending on the cryptocurrency. Withdrawals will require a small network fee. This will vary depending on the cryptocurrency.
For its part, eToro has a fee structure based on the asset you are trading. The platform charges a trading fee of $0 for stocks and 1% for cryptocurrencies. eToro also charges a withdrawal fee. This will vary depending on the currency and amount to be withdrawn. Deposits on eToro are generally free, but some payment methods may incur a small fee.
In terms of fees, Bybit is the winner for cryptocurrency transactions as eToro charges a flat fee of 1% for all transactions, while Bybit has a creator and taker model of up to 0.05%.
Bybit VS eToro: Order Types
Bybit offers
· Limit orders
· Market orders
· Conditional ordering
· Stop-limit orders
eToro Offer
· Limit orders
· Market orders and
· Stop loss orders
Bybit offers conditional orders. This is useful for automated trading strategies, while eToro offers stop-loss orders to help limit potential losses.
Bybit VS eToro: KYC requirements and KYC limits
Bybit's KYC verification process is quite simple and requires users to provide their name, date of birth, address, selfie photo. and identification card issued by a government agency
There are three levels of KYC verification at Bybit, each with daily and monthly withdrawal limits. by daily withdrawal limit
eToro's KYC verification process is similar. and requires users to upload proof of identity (PoI) and proof of address (PoA) to get started. As per regulations, all new accounts on eToro must be KYC compliant.
Bybit allows you to trade on the platform to a certain extent, but eToro does not have this option. So if you are looking for an option to do no KYC but still trade, Bybit is the platform you should choose.
Bybit vs eToro: Deposit and Withdrawal Options
Bybit only supports crypto deposits and withdrawals. There are no deposit fees on Bybit, but users are required to pay a small network fee when withdrawing funds from the platform.
eToro supports a variety of deposit and withdrawal options. Including bank transfers Credit/debit card And with online payment systems such as PayPal, deposits are generally free. However, some payment methods may incur a small fee. Withdrawals on eToro are subject to withdrawal fees. This will vary depending on the currency and amount being withdrawn.
Bybit only supports cryptocurrency transactions, while eToro supports a wide range of payment methods. Including bank transfers Credit/debit card and online payment systems make eToro the winner in this segment.
Bybit vs eToro: Comparing Trading Experiences and Platforms
Bybit's platform offers a simple and easy-to-use interface. The platform is famous for its fast and reliable order execution. Essential for active traders, Bybit also provides many advanced trading tools such as limit orders, stop loss orders. and take profit orders The platform also has a mobile app that allows traders to manage their accounts and trade on the go.
eToro's platform is designed to support a wider range of traders. Including those who are new to trading. The platform offers a wide range of trading tools and features. Including social trading Copying trading and a demo account for beginners, and eToro also has a mobile app that lets you manage your trades.
If you are an experienced trader and are looking for advanced trading tools and features, Bybit is a better choice. However, if you are a beginner or a trader who wants to engage in social media and copy trading, eToro is a better choice.
Bybit vs eToro: Customer Support
Bybit offers customer support via live chat and email. The support team is available 24/7 to help traders with any issues or questions they may have. Response times for live chat are generally fast and the support team is knowledgeable and helpful.
eToro also offers customer support via live chat and email. The support team is available 24/7 to help traders with any issues or questions they may have. Chat replies are usually quick. And the support team wants to help and know their stuff. In addition to live chat and email support, eToro has a comprehensive FAQ section covering a wide range of topics. Including trading, deposits, withdrawals and account management. eToro's comprehensive FAQ section puts it slightly ahead of Bybit in terms of customer support.
Bybit VS eToro: Security Features
Bybit uses a variety of security features. Includes two-factor authentication (2FA), SSL encryption, and cold storage for most user funds. The platform also has a robust risk management system to track trading activity and prevent unauthorized access.
eToro also uses a number of security features, including 2FA, SSL encryption, and cold storage of user funds. The platform also has a comprehensive security policy that includes regular security audits and penetration tests.
Bybit's focus on risk management and the use of cold storage for the majority of user funds gives Bybit a slight advantage over eToro in terms of security.
Is Bybit safe and legal?
Bybit is a legitimate cryptocurrency exchange operating worldwide. The exchange is headquartered in Singapore and has offices in China and the United Kingdom. When it comes to security, Bybit takes security very seriously and uses two-factor authentication (2FA), SSL encryption, and cold storage for most of its users' funds. In terms of legality, Bybit is authorized and regulated by the British Virgin Islands Financial Services Commission. The exchange operates in accordance with all relevant laws and regulations. And users must pass KYC verification.
Is eToro safe and legal?
eToro is a legal and well regulated social trading platform operating worldwide. The platform is headquartered in Cyprus and has offices in Israel. united kingdom and Australia, eToro takes security very seriously. and use various safety features To protect user funds and personal information As mentioned in the section above.
In terms of legality, eToro is regulated by several leading financial regulators, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments. Commission (ASIC) platform operates in accordance with all relevant laws and regulations. And users must pass KYC verification.
Conclusion
In summary, Bybit excels in providing a user-friendly trading experience. low fees and high leverage options for experienced traders who focus solely on cryptocurrencies.
On the other hand, eToro's strength lies in its social trading features. This allows traders to follow and copy the strategies of other traders. as well as a wide range of trading tools. Including cryptocurrencies, stocks, and more.
| BYBIT | 4 | 0.1%-0.3% | 9KEI8DW |
| eToro | 3.9 | 1% | 3S0xMp1 |
Overall, the clear winner depends on each trader's priorities and preferences.
