Updated Rules checked 2026-10-11
If you mainly trade futures and care about the cost of every taker order, Bybit is the better fit: its official futures taker fee is 0.055%, lower than Bitget’s 0.06%, the MNT discount also takes 10% off futures fees, and it offers options. But signing up to Bybit with a referral code doesn’t get you any fees back from the exchange. To get fees back you need a rebate site such as Fee Otter; Fee Otter’s rebate page lists Bybit at 40% (checked 2026-10-11).
If you want copy trading, especially spot copy trading, or you want the exchange itself to refund fees once you enter a referral code at sign-up, Bitget is the easier choice. Bitget supports copy trading on both futures and spot, and Bitget pays the rebate itself; the trade-off is that the referral code can only be entered at sign-up, with no way to add or switch it later. Neither exchange is on the anti-money-laundering registration list of Taiwan’s Financial Supervisory Commission (FSC, 金融監督管理委員會), and neither P2P market shows any New Taiwan dollar (TWD) listings, so users in Taiwan have to buy USDT on a local platform first and then transfer it over.
Sign up to Bitget with the referral code KEVINWU and the exchange automatically refunds 20% of your fees, on both spot and futures.
The information below was checked against both exchanges’ official pages on 2026-10-11 and is provided for reference.
What’s the difference between Bybit and Bitget?
| Item | Bybit | Bitget |
|---|---|---|
| Spot maker / taker (VIP 0) | 0.1% / 0.1% | 0.1% / 0.1% |
| Futures maker / taker (VIP 0) | 0.02% / 0.055% | 0.02% / 0.06% |
| Platform token discount | MNT: 25% off spot, 10% off futures | BGB: 20% off spot, not available for futures |
| Referral code rebate | No automatic rebate from the exchange; rebate via Fee Otter | 20% (refunded automatically by the exchange) |
| Adding a referral code after sign-up | A main account with no referrer can add a partner’s affiliate code within 14 days of sign-up | No way to add one found in official sources |
| Switching | No switch requests; accounts registered after 2025-09-01 with under 1 USD in trading volume for 180 consecutive days can be reassigned | No way to switch; you can register again with the same details only 30 days after deleting your account |
| Identity verification | Standard verification required for all products and services | Required for deposits and trading since 2024-01-01 |
| Withdrawal limits without verification | 20,000 USDT per day, 100,000 USDT per month | Only withdrawals, canceling orders and closing positions; no limit stated officially |
| Taiwan FSC registration | Not on the FSC anti-money-laundering registration list | Not on the FSC anti-money-laundering registration list |
| TWD deposits | No TWD listings on P2P; buy USDT on a local platform first, then transfer it in | No TWD listings on P2P; buy USDT on a local platform first, then transfer it in |
| Copy trading / grid | Classic copy trading supports USDT perpetuals only; grid, DCA and futures martingale bots | Copy trading on both futures and spot; grid, martingale, recurring buy and TradingView signal bots |
| Proof of reserves | Published monthly, verified by Hacken; 2026-09-23 snapshot: all 50 coins above 100% | Published monthly; 2026-09-29 snapshot: total reserve ratio 131% |
Fee sources: Bybit trading fee structure, Bybit FAQ on paying trading fees with MNT, Bitget trading fee FAQ and the Bitget fee page. Identity verification comes from Bybit’s benefits of different KYC levels and the Bitget individual verification FAQ; registration status was checked against the list updated on 2026-09-29 in the Securities and Futures Bureau’s “virtual asset service providers” section. Sources for the other rows are given in the matching sections below.
How much do Bybit and Bitget fees differ?
Spot is the same on both: at VIP 0 the maker and taker fees are both 0.1%, so limit orders aren’t any cheaper. The difference is in futures. The maker fee is 0.02% on both, while the taker fee is 0.055% on Bybit and 0.06% on Bitget, a difference of 0.5 USDT for every 10,000 USDT of taker volume. Futures fees are charged on position value, not margin: 1,000 USDT at 10x leverage is a 10,000 USDT position. Leverage also magnifies losses, and a small move against you can get you liquidated.
The platform token discounts make a bigger difference than the fee tables. Bybit’s MNT discount takes 25% off spot and 10% off futures; you need enough MNT in your Unified Trading Account, and it doesn’t apply to copy trading or bots. Bitget’s BGB discount covers spot only, at 20% off, with no discount on futures; for futures, BGB’s use is that your holdings count toward VIP upgrades.
Large account balances: very different VIP thresholds
Reaching VIP through trading volume is hard on both exchanges, and most retail traders won’t get there. But both also let you upgrade based on account assets, and that is where the gap shows. Bybit’s VIP 1 requires 100,000 USD in assets or 10 million USD in 30-day futures volume, and lowers the futures taker fee to 0.04% (introduction to the Bybit VIP program). Bitget’s VIP 1 needs only 30,000 USDT in assets, but the futures taker fee stays at 0.06%; only the maker fee drops, from 0.02% to 0.019%. The taker fee drops to 0.04% only at VIP 2 (50,000 USDT in assets or 10 million USDT in 30-day futures volume) (Bitget fee page).
In other words, if you already keep 50,000 to 100,000 USDT in your account, Bitget gives you a 0.04% futures taker fee while Bybit doesn’t upgrade you yet, so Bitget actually comes out cheaper. With under 50,000 USDT in assets, you stay at VIP 0 on both, and the comparison is the table above.
What the same trader pays on each
Say you trade 200,000 USDT in futures and 20,000 USDT in spot each month, all with market orders (taker), at VIP 0 on both:
| Item | Bybit | Bitget |
|---|---|---|
| Futures 200,000 USDT | × 0.055% = 110 USDT | × 0.06% = 120 USDT |
| Spot 20,000 USDT | × 0.1% = 20 USDT | × 0.1% = 20 USDT |
| Monthly fees (official rates) | 130 USDT | 140 USDT |
| With the platform token discount | Futures 99 + spot 15 = 114 USDT | Futures 120 + spot 16 = 136 USDT |
On official rates alone, Bybit costs 10 USDT less a month. With the platform token discount turned on at both, the gap grows to 22 USDT, mostly because of MNT’s 10% off futures. If you place only limit orders instead, the futures fee is 0.02% on both, 40 USDT a month each, and the only difference left is the discount. For full fee schedules, VIP thresholds and funding rates, see the Bybit fees guide and the Bitget fees guide. On both exchanges, funding is paid between longs and shorts and isn’t a trading fee; it’s commonly settled every 8 hours, so the longer you hold a position, the more it matters to your costs.
Bybit: getting fees back through Fee Otter
Bybit has no automatic rebate from the exchange; Fee Otter’s rebate page lists Bybit at 40% (checked 2026-10-11). This rebate is paid by Fee Otter, not by the exchange or by Kevin Wu, and the money goes to your Fee Otter account. Using the example above, 130 USDT in fees at official rates gets 52 USDT back, so you actually pay 78 USDT; after the rebate the futures taker fee works out to about 0.033% and spot to about 0.06%.
One thing to watch: Bybit doesn’t state whether you can get both the MNT discount and a rebate. Its affiliate program FAQ says users who receive other discounts or offers “may not contribute” to the affiliate’s commission, and rebate sites pay out of that commission. So you can’t simply take 40% off the 114 USDT discounted figure in the table above; if you plan to use both, ask Fee Otter first. For the steps to sign up and link your UID, see how to get Bybit rebates.
Bitget: referral rebate calculator (futures taker 0.06%)
| Monthly volume | Fees (0.06%) | Auto rebate (20%) | Net fees |
|---|---|---|---|
| 10,000 USDT | 6 USDT | 1.2 USDT | 4.8 USDT |
| 100,000 USDT | 60 USDT | 12 USDT | 48 USDT |
| 1,000,000 USDT | 600 USDT | 120 USDT | 480 USDT |
Example at a futures fee rate of 0.06% and the current 20% automatic rebate (rate updated 2026-10-24). Your exchange statement prevails.
Bitget calculates the rebate on net fees, meaning the fees you actually pay after discounts. Enter the 200,000 USDT from the example above to see what you pay per month after the rebate. To compare every exchange’s fees after rebates side by side, see actual fees after referral rebates.
How do Bybit and Bitget rebate rules differ?
| Rule | Bybit | Bitget |
|---|---|---|
| Who pays the rebate | The exchange pays nothing to invitees; rebate sites pay out of the affiliate’s commission | Bitget refunds invitees directly |
| Calculation base | Trading fees minus market maker rebates, bonuses and vouchers | Net fees (fees minus discounts) |
| Duration | The affiliate program describes lifetime commission; after 180 consecutive days without trading, the referral relationship may be terminated | Long-term, no expiry date |
| VIP limits | For VIP accounts under an affiliate, total fee rebates are capped at 50% | Regular referral campaign: invitees at VIP 3 or above don’t count; the affiliate program states no VIP limit |
| Trades that earn no rebate | Zero-fee trades and fees covered by vouchers; funding fees aren’t trading fees to begin with | Zero-fee trading pairs; trades using rebate cards earn rebate cards instead |
| Adding a code later | Within 14 days of sign-up, a main account with no referrer can add an affiliate code; regular users’ referral codes can’t be added later | No add-later feature found in official sources |
| Switching | Reassignment after 180 days of inactivity (accounts registered after 2025-09-01); official identity transfer feature | No official channel; inviting already-registered users isn’t recognized |
Bybit’s rules come from the Bybit affiliate program FAQ (updated 2026-09-19), Bybit’s guide to adding an affiliate code and section 7.7 of the Bybit affiliate terms; Bitget’s rules come from the Bitget affiliates FAQ, Bitget’s top inviter announcement and the announcement on joining the Bitget affiliate program.
The biggest difference between the two is what happens if you already have an account. Bybit at least leaves a 14-day window to add a code, and accounts registered after 2025-09-01 can be reassigned after 180 days of inactivity. On Bitget, everything is settled the moment you sign up: if you entered the wrong code or none at all, there’s no official way to change it. The only option consistent with the rules is to delete your account, wait 30 days and register again, and Bitget doesn’t guarantee that the new registration can be linked to a new referrer. For details and risks, see the Bybit referral switch guide and the Bitget referral switch guide.
Do Bybit and Bitget both require identity verification? What should users in Taiwan know?
Identity verification: both require verification before you can trade. Bybit states that all products and services require at least Standard verification (submitting an ID document). Unverified accounts can’t deposit or trade, only withdraw, up to 20,000 USDT per day and 100,000 USDT per month; after Standard verification the daily withdrawal limit is 1,000,000 USDT with no monthly limit (Bybit individual KYC FAQ, updated 2026-08-20). Since 2024-01-01, Bitget has required verification for both deposits and trading; once verified, the 24-hour withdrawal limit at VIP 0 is 3,000,000 USDT. Under Bitget’s 2023 mandatory KYC announcement, unverified accounts can only withdraw, cancel orders, redeem and close positions, and no limit is stated officially. Both exchanges allow only one verified account per person. For the documents each exchange requires, the verification steps and review times, see the Bybit KYC guide and the Bitget KYC guide.
FSC registration: neither Bybit nor Bitget is on the FSC anti-money-laundering registration list (the Securities and Futures Bureau’s list updated on 2026-09-29, with 11 companies in total). The registration duty and criminal penalties under Taiwan’s Money Laundering Control Act apply to the businesses providing the services. For users, the practical effect is that if a dispute arises, neither Taiwan’s Securities and Futures Investors Protection Center nor the Financial Ombudsman Institution can help, and a frozen account or restricted withdrawals can only be taken up with the platform itself. The FSC advises trading through registered businesses.
TWD deposits and withdrawals: when we checked both P2P markets on 2026-10-12, there were 0 buy listings and 0 sell listings for USDT against TWD, and Bybit’s P2P fee table doesn’t include TWD either. The workable route is to buy USDT with TWD on a registered local platform and transfer it on-chain to Bybit or Bitget; withdrawals go the other way. Under the transfer rules (Travel Rule) planned by the FSC, the second phase is expected to extend to transfers between domestic and offshore platforms by the end of 2027. According to a Central News Agency report, if an offshore platform hasn’t implemented it, transfers may no longer go through after that.
Apps and Chinese interface: when we checked the Taiwan App Store on 2026-10-12, both the Bybit and Bitget apps were available to download, and both exchanges’ websites and help centers have Traditional Chinese versions.
What are Bybit and Bitget each best at?
Bybit is strongest in derivatives. Its futures fees are the lower of the two, it also offers options (maker 0.02%, taker 0.03%), and the MNT discount covers USDT perpetual and delivery contracts as well as USDC perpetuals. For copy trading, Bybit’s classic copy trading currently supports USDT perpetuals only; master traders take a profit share of 10% to 15% depending on their level, settled weekly (introduction to copy trading on Bybit, Bybit copy trading profit sharing explained).
- Trading bots: spot and futures grid, DCA, and futures martingale (Bybit trading bot comparison).
- Earn and new tokens: Easy Earn flexible and fixed-term, Launchpad and Launchpool, all of which require verification first.
- Bybit Card: you can apply only after completing Advanced verification (proof of address) (Bybit’s benefits of different KYC levels).
Bitget is strongest in copy trading. You can copy trades on both futures and spot; the lead trader profit share is capped at 10% to 20% depending on level, settled daily (Bitget lead trader FAQ). If you want to copy spot trades and stay away from leverage, Bybit’s classic copy trading can’t do that. Bitget also has more types of bots.
- Trading bots: spot and futures grid, spot and futures martingale, recurring buy, smart portfolio, and a futures signal bot that connects to TradingView (Bitget strategy trading guide).
- Earn: Simple Earn, PoolX and more (Bitget Earn campaign announcement).
- Tokenized stocks and ETFs: Bitget’s official press release says there are more than 500 (Bitget press release).
How do Bybit and Bitget compare on proof of reserves and security record?
Both exchanges have suffered major hacks, and in both cases the platform absorbed the losses; the differences are in scale and how each was handled.
Bybit, 2025-02-21: a routine transfer from Bybit’s cold wallet to its warm wallet was intercepted, and about 1.5 billion USD in crypto assets was stolen. The US FBI attributed the attack to North Korea in a 2025-02-26 announcement. According to CNBC, within about 72 hours Bybit replenished nearly 447,000 ETH through loans, deposits from large holders and purchases; withdrawals stayed open throughout, and Hacken’s reserve audit showed all major assets above 100%. Of that, 40,000 ETH was borrowed from Bitget and repaid on 2025-02-25 (Cointelegraph).
Bitget, 2026-09-24: unauthorized transfers went out of Bitget’s hot and warm wallets. The loss was first estimated at 351.6 million USD, then revised up to about 387.5 million USD. CEO Gracy Chen said the attackers broke into the back end of the wallet system and forged transaction data to trigger the authorization process; no private keys were leaked, and the cold wallets weren’t affected (CoinDesk). Bitget used its protection fund to absorb about 388 million USD in losses, said user balances were not affected, and on 2026-09-30 topped the fund back up to more than 300 million USD (Bitget announcement). Unlike Bybit, Bitget suspended withdrawals after the incident, while trading and deposits continued as normal. According to the timeline compiled by BleepingComputer, BTC came back first on 9-28, ETH and USDT followed on 9-29 and 9-30, and other coins, fiat and P2P were scheduled from 10-02. Earlier, on 2025-04-20, abnormal trading hit Bitget’s VOXEL perpetual contract; Bitget rolled back trades from accounts suspected of manipulation and said it would compensate affected users (The Block).
Proof of reserves: both publish monthly, and both provide a Merkle tree so you can check for yourself that your balance is included. Bybit’s latest report has a snapshot date of 2026-09-23 and covers 50 coins, each with a reserve ratio above 100%, verified by Hacken (Hacken verification report on Bybit’s website; for the latest figures see the Bybit proof of reserves page). Bitget’s 47th report is the 2026-09-29 snapshot taken after the hack: a total reserve ratio of 131%, with all 19 assets above 100%, including BTC at 142%, ETH at 110% and USDT at 107% (Bitget September proof of reserves announcement, Bitget proof of reserves page); that announcement doesn’t name a third-party auditor. Separately from its reserves, Bitget also has a protection fund whose wallet addresses are public and can be checked on-chain. Hacks, withdrawal suspensions and regulatory records for 13 exchanges are collected in exchange safety records.
Bybit or Bitget: which should you choose?
- Beginners who only buy spot: Bitget. Spot fees are the same on both, but on Bitget entering a referral code is enough for the exchange to refund fees directly, with no separate rebate site sign-up or UID linking; just make sure you enter it correctly at sign-up. Purely on cost, Bybit through Fee Otter works out to about 0.06% on spot after the rebate, with an extra linking step.
- Frequent futures traders: Bybit. A futures taker fee of 0.055% is lower than 0.06%, and MNT takes 10% off futures too, so for high volume the monthly gap adds up; rebates have to come through Fee Otter. The exception is anyone keeping 50,000 to 100,000 USDT in their account: on Bitget those assets alone get you to VIP 2, with a 0.04% futures taker fee.
- Copy traders: Bitget. You can copy both futures and spot, and it has more types of bots; Bybit’s classic copy trading covers USDT perpetuals only.
- Lowest fees above all: at list price, Bybit’s futures taker fee is lower (0.055% vs 0.06%). Once rebates are counted, Bybit goes through Fee Otter and Bitget uses the referral code rebate; check the calculator above to see what you’d actually pay on each before deciding.
- Already signed up and want to add a referral code: on Bybit you can still add an affiliate code within 14 days of sign-up; Bitget has no way to add one.
- Taiwan regulatory compliance matters to you: neither qualifies. To trade on a platform on the FSC registration list, look at MAX or BitoPro.
Plenty of traders open accounts on both: they keep their main futures trading on the side with lower fees and use the other for copy trading or spot, which also spreads the risk of something going wrong on a single platform. You have to complete identity verification on each, and enter the referral code on each when you sign up.
Still weighing other exchanges? For Bybit against Binance and OKX, see Binance vs Bybit and OKX vs Bybit; for Bitget against other copy trading and low-fee exchanges, see BingX vs Bitget, Bitget vs OKX and Bitget vs MEXC, and if you often trade small-cap coins, see KuCoin vs Bitget. Each exchange’s fees, rebates, proof of reserves and restricted regions are covered in full in the Bybit review and the Bitget review.
How do you transfer from Bybit to Bitget, and what does it cost?
There is no internal transfer between the two, so USDT has to go out as an on-chain withdrawal: first go to the deposit page on the receiving exchange, choose USDT and a network and copy the address, then go to the withdrawal page on the sending exchange, choose the same network and paste it. The sending exchange charges the withdrawal fee, a fixed amount per withdrawal no matter how much you send. According to the Bybit deposit and withdrawal status page and the Bitget official coin API as of 2026-10-12, the cheapest networks open on both sides are:
- Bybit → Bitget: use Aptos, 0.002 USDT; Bybit’s data doesn’t list a minimum withdrawal for Aptos, so check it on the withdrawal page. Bybit’s Plasma costs 0 USDT, but Bybit labels Plasma as USDT0 and Bitget doesn’t, so check the contract address on the deposit page first.
- Bitget → Bybit: use BEP20, 0.01 USDT (minimum withdrawal 10 USDT).
On the commonly used TRC20, Bybit charges 1.3 USDT and Bitget 1.5 USDT. Fees can change at any time, so go by the amount shown on the withdrawal page before you confirm, and make sure the receiving exchange’s deposit page offers the same network; if you pick the wrong network, the funds may not be recoverable. For every network’s fee and minimum withdrawal at 13 exchanges, see USDT withdrawal fees compared.
How we checked the data
Fees, platform token discounts, identity verification, and the rules for adding and switching referral codes were all checked against both exchanges’ official help centers and fee pages on 2026-10-11. P2P TWD listings and the Taiwan App Store were checked on 2026-10-12. Reserve figures come from each exchange’s most recent published report, and the hacks were cross-checked against official announcements and news reports. Fee Otter’s rate comes from its rebate page, can change, and the page at the time is what counts. How this site compiles its data is explained in how we compile rebate data, and referral link disclosure is in referral and rebate disclosure.
Official pages used for the fact-check: for fees, the Bybit trading fee structure, the Bybit FAQ on paying trading fees with MNT, the Bitget trading fee FAQ and the Bitget fee page; for rebates, adding a code later and switching, the Bybit affiliate program FAQ, the Bybit guide to adding an affiliate code, the Bybit affiliate terms, the Bitget affiliates FAQ and the announcement on joining the Bitget affiliate program; for identity verification, the Bybit individual KYC FAQ and the Bitget individual verification FAQ; for Taiwan registration status, the Securities and Futures Bureau’s “virtual asset service providers” section; for reserves and the protection fund, the Bybit proof of reserves page, the Bitget proof of reserves page and the Bitget protection fund page. The hacks were also checked against the FBI notice and the Bitget announcement. USDT transfer fees are the figures from both exchanges’ official rates on 2026-10-12.
FAQ
Which has lower fees, Bybit or Bitget?
Bybit is lower on futures; spot is the same. At VIP 0, the futures taker fee is 0.055% on Bybit and 0.06% on Bitget, with the maker fee at 0.02% on both; spot is 0.1% on both. With platform token discounts, Bybit’s MNT takes 10% off futures and 25% off spot, while Bitget’s BGB only takes 20% off spot, so the gap widens further (checked against the official fee pages on 2026-10-11).
Can I use Bybit and Bitget at the same time?
Yes. They’re different companies, and having one account on each is no conflict. The limit applies within each exchange: Bybit and Bitget both allow only one verified account per person, so you can’t open a second account on the same exchange with another ID document. Moving coins between the two means an on-chain withdrawal, which comes with a withdrawal fee.
Should users in Taiwan pick Bybit or Bitget?
Conditions in Taiwan are almost the same on both, so it comes down to how you trade: Bybit if you mainly trade futures, Bitget if you mainly copy trade or buy spot. Neither is on the FSC anti-money-laundering registration list, neither P2P market shows TWD listings, and both apps can be downloaded from the Taiwan App Store; on both, you deposit by buying USDT on a local platform first and transferring it in.
Which is safer, Bybit or Bitget?
Both have been hacked, in both cases the platform absorbed the losses, and neither can be called absolutely safe. Bybit lost about 1.5 billion USD on 2025-02-21, kept withdrawals open throughout and closed the gap in about 72 hours; Bitget lost about 387.5 million USD on 2026-09-24, absorbed it with its protection fund, and resumed withdrawals in stages after suspending them for several days. On reserves, Bybit’s 2026-09-23 snapshot put all 50 coins above 100%, verified by Hacken; Bitget’s 2026-09-29 snapshot showed a total reserve ratio of 131%.
Which gives a bigger referral code rebate?
Only Bitget pays a rebate from the exchange itself. If you sign up to Bybit with a referral code, the exchange doesn’t refund fees to invitees, so you have to get a rebate separately through a rebate site such as Fee Otter. Fee Otter’s rebate page lists Bybit at 40% (checked 2026-10-11), paid by Fee Otter.
Sign up to Bitget with the referral code KEVINWU and the exchange automatically refunds 20%, with no expiry on the rebate.
For both exchanges’ referral codes and rebate rules, see the Bitget referral code and how to get Bybit rebates; for fee details, see the Bybit fees guide and the Bitget fees guide; if you already have an account, the switching rules are in the Bybit referral switch guide and the Bitget referral switch guide. For every exchange’s fees after rebates compared, see actual fees after referral rebates, and other exchanges’ referral codes are collected in the exchange referral code overview.