Before we dive into the detailed analysis, here's a comparison of Crypto.com and Bybit that shows the most important information about both platforms at a glance.
Overview of Crypto.com
Crypto.com was founded in 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao, initially under the name Monaco, before being renamed in 2018. Headquartered in Singapore, the platform claims to have surpassed 150 million users in August 2026, a growth fueled by sports partnerships such as the naming rights to the Crypto.com Arena in Los Angeles.
Pros
More than 400 cryptocurrencies and 150 million users worldwide
MiCA License and Numerous Regional Authorizations
App, Exchange, Visa card, Earn, and self-custodial wallet
1:1 Reserves, Proof of Reserves, and Security Certifications
Cons
App and Exchange use different pricing models, which can be confusing
An instant purchase may include a variable spread
Products, rewards, and assets vary greatly by country
Trustpilot Receives Complaints About Support, Verification, and Reviews Being Removed
The company operates through various subsidiaries of the Foris Group, which allows it to tailor its app, custody services, payments, and derivatives to each jurisdiction. However, this structure requires users to verify which entity is providing their service during registration—a fragmentation that also exists on Bybit, albeit in a different way. The Crypto.com ecosystem combines the consumer app, the advanced exchange, the Visa card, Earn, and a self-custodial wallet called Onchain.
Furthermore, while Bybit is designed almost exclusively for traders, Crypto.com aims to serve both occasional buyers and advanced traders under a single brand. This versatility makes the platform more accessible at first, though it requires a clear understanding of the difference between the app and the exchange to avoid paying more than necessary. See the full review of Crypto.com
Who is Crypto.com for? For users who want to buy, hold, earn rewards, and spend crypto all from a single app, combining trading, a card, and an on-chain ecosystem without ever leaving the platform.
Overview of Bybit
Bybit is an exchange founded in 2018 that has historically focused on trading. The global brand claims to have over 80 million users and offers spot trading, derivatives, bots, Earn, a credit card, payment services, and tools for professional traders.
Pros
Global presence and licenses in the UAE, Europe, and other markets
Order book, derivatives, bots, copy trading, and API
Monthly Proof of Reserves with Merkle Verification
Earn flexible and fixed rewards, a card, and numerous fiat payment methods
Cons
Products, fees, and financial institutions vary by country
Not available in the United States, Canada, or mainland China
It suffered the largest hack of an exchange in history in February 2025
Trustpilot has received many complaints about account suspensions and customer support
Global operations are organized through various entities and domains. A feature available on Bybit Global may not be active on Bybit EU, Bybit Kazakhstan, or the local platforms in India and Turkey, so each user must use the entity corresponding to their country of residence. In the EEA, Bybit EU GmbH received MiCA authorization from the Austrian FMA in May 2025.
On the other hand, the learning curve is steeper than on Crypto.com, Coinbase, or Finst. The unified account, separate balances, advanced orders, and VIP tiers offer flexibility, but they also increase the risk of making mistakes if you start out without a good understanding of the platform. See the full Bybit review
Who is Bybit for? For users looking for a trading-focused platform who want to combine spot trading, derivatives, bots, copy trading, Earn, and payments. It’s better suited for intermediate or advanced users than for someone who just wants to buy Bitcoin once a month.
Fees and Deposits: Crypto.com vs. Bybit
Bybit is significantly cheaper than Crypto.com in its initial tier: 0.10 % for makers and 0.10 % for takers globally, compared to Crypto.com Exchange’s 0.40 % maker and 0.60 % taker fees. In the EEA, Bybit EU applies a slightly different fee structure, with a 0.10 % maker fee and a 0.25 % taker fee at its entry level.
| Platform | Maker | Taker |
|---|---|---|
Bitget
|
0,10% | 0,10% |
Binance
|
0,10% | 0,10% |
|
Bybit
|
0,10% | 0,10% |
Finst
|
0,15% | 0,15% |
Bitvavo
|
0,15% | 0,25% |
Kraken
|
0,25% | 0,40% |
|
Crypto.com
|
0,40% | 0,60% |
Did you know? A spot purchase of 1,000 USDT on Bybit Global costs 1 USDT whether executed as a maker or a taker, thanks to its flat fee of 0.10 %. On Crypto.com, the same trade costs between €4 and €6 depending on the role.
Both platforms support SEPA for deposits in euros. Bybit, however, offers additional payment methods depending on the country—including credit cards, Google Pay, Apple Pay, third-party providers, and P2P—while Crypto.com focuses its offerings on SEPA and credit card purchases.
| Concept | Crypto.com | Bybit |
|---|---|---|
| Spot commission (initial tranche) | 0,40 % / 0,60 % | 0,10 % / 0,10 % |
| Simple Purchase | Quotation with a variable spread | Varies depending on the method and provider |
| SEPA Deposit | Free (minimum €20) | Varies by region |
| Euro Withdrawal | No commission; minimum €80 (Exchange) | Varies depending on the currency and method |
| Crypto Deposit | 0 €; the network is paid for | 0 €; the network is paid for |
| Crypto Withdrawal | Varies by asset and network | Varies by asset and network |
In short, Bybit is much cheaper for those who trade frequently on the spot market, while Crypto.com continues to have the advantage of an identical minimum deposit across the European Union and a more established card ecosystem.
Who regulates Crypto.com and Bybit?
Crypto.com operates in Europe through Foris DAX MT Limited, which is authorized under MiCA by the Malta Financial Services Authority as of January 2025. Bybit EU GmbH, headquartered in Vienna and registered under number FN 636180i, received its MiCA authorization from the Austrian Financial Markets Authority (FMA) May 28, 2025. In the United Arab Emirates, Bybit also obtained the first full federal license as a Virtual Asset Platform Operator in October 2025, granted by the Securities and Commodities Authority.
Important note: A Proof of Reserves or a MiCA license does not constitute a full financial audit; they confirm assets or compliance as of a specific date or within a specific scope, but they do not eliminate counterparty risk. You can view the official text of the regulation at EUR-Lex, MiCA Regulation (EU) 2023/1114.
| Concept | Crypto.com | Bybit |
|---|---|---|
| Regulated by | MFSA (MiCA, Malta), MAS, VARA, FCA, CFTC | FMA (MiCA, Austria), VARA (UAE), SCA |
| MiCA Coverage (EU/EEA) | Yes, starting in January 2025 | Yes, starting in May 2025 (excluding Malta) |
| Reservation Test | Yes, 1:1 reserves with Merkle | Yes, monthly with Merkle verification |
| Safety Record | Unauthorized withdrawals in 2022 | Hack of 1,400–1,500 M$ devices in February 2025 |
| Trustpilot | Complaints About Support and Withdrawals | 2.7/5; complaints about crashes and support |
The security track record shows a clear difference between the two platforms. Crypto.com reported unauthorized withdrawals from 483 accounts in January 2022, an incident for which it provided full reimbursement. Bybit, on the other hand, suffered the largest exchange hack to date on February 21, 2025: between $1.4 billion and $1.5 billion in ETH and stETH, attributed to the Lazarus Group. The company covered the shortfall and kept withdrawals operational, although the incident remains a precedent worth bearing in mind.
Where are Crypto.com and Bybit available?
Crypto.com operates in numerous markets across Europe, the Americas, Asia-Pacific, the Middle East, and Africa through regional entities. Bybit, for its part, provides services in more than 160 countries, though it excludes the United States, Canada, mainland China, Hong Kong, and Singapore, among other jurisdictions.
Within the EEA, Bybit EU covers 29 of the 30 countries in the European Economic Area, as it expressly excludes Malta. Crypto.com, on the other hand, maintains its active MiCA license in all 30 countries without any stated exceptions.
What do Crypto.com and Bybit offer on their platforms?
Crypto.com divides its products among the consumer app, the advanced exchange, the Onchain self-custody wallet, and the Visa card. Bybit, on the other hand, organizes its ecosystem around trading: spot, derivatives, bots, copy trading, Earn, and an API designed for automated strategies.
| Concept | Crypto.com | Bybit |
|---|---|---|
| Available Apps | App, Exchange (web/mobile), Onchain | Regional app, website, API, and subaccounts |
| Cryptocurrencies | +400 | +700 |
| Main Products | Spot, Margin, Derivatives, Earn, Visa Card, Onchain | Spot, derivatives, bots, copy trading, Earn, card |
| Automation | Bots: Grid, DCA, and TWAP on the Exchange | DCA Bot, Copy Trading, and Open API |
| Own Card | Yes, a Visa card with tiered rewards | Yes, card availability varies by region |
| Ideal for | Users looking for a comprehensive ecosystem and a card | Traders who prioritize derivatives and automation |
Final Verdict: Crypto.com or Bybit?
Crypto.com and Bybit compete from different perspectives. Crypto.com focuses on guiding users from their first purchase through to its card and rewards ecosystem, with an approach geared more toward everyday use. Bybit, on the other hand, is designed for traders seeking spot trading, derivatives, bots, and copy trading at low commissions, although it requires an understanding of its regional structure and an acknowledgment of the 2025 hack.
For those who prioritize simplicity, a card, and a broad consumer ecosystem, Crypto.com is the most convenient option. For experienced users looking for competitive fees and advanced trading tools, Bybit typically offers a more comprehensive solution—provided they are willing to accept its recent regulatory and security risks.
Choose Crypto.com if…
- ✓ Do you want a crypto Visa card with tiered rewards?
- ✓ Do you prefer to shop, spend, and use the on-chain ecosystem all under one brand?
- ✓ You're new to crypto and looking for a guided experience
- ✓ Would you prefer that MiCA coverage extend to all 30 EEA countries without exception?
Choose Bybit if…
- ✓ Are you looking for low spot fees: 0.10% for makers and takers globally?
- ✓ Do you want bots, copy trading, and an open API for automation?
- ✓ You need derivatives and a catalog of more than 700 cryptocurrencies
- ✓ You already have experience and accept the 2025 security clearance
This verdict summarizes the findings regarding fees, regulation, security, and availability. Neither exchange is superior in every respect: the right choice depends on the user’s profile and, above all, on the user’s jurisdiction.