Binance vs ByBit EU Comparison
| 1.75 % | Fees | 0.1% |
| € 17.50 | Minimum cost per €1,000 | — |
| 482 | Cryptos | +100 |
| SEPA Transfer, Credit Card | Payment Methods | — |
| License in Germany refused by BaFin | Regulation | MiCAR license via FMA |
Cost comparison
The basis is a Bitcoin purchase worth €1,000, calculated from the disclosed trading fee. A price markup in the spread is not included, because most providers do not publish it.
| € 17.50 | Minimum cost per €1,000 | — |
| 1.75 % | Fees | 0.1% |
| € 7.47 | Wallet transfer | — |
| Limited | Cost transparency | — |
| ~$10 USD | Minimum Amount | ~$5-10 USD |
| SEPA Transfer, Credit Card | Payment Methods | — |
Pros & Cons
- 482 cryptocurrencies tradable, the widest selection among established exchanges (measured on 3 September 2026 via Binance's public API)
- Savings plan and staking are offered
- Largest crypto exchange worldwide with low spreads
- Wallet transfer possible
- No granted MiCA authorisation. Binance appears in no EU register and, by its own announcement, withdrew its application with the Greek regulator on 24 June 2026. A new host state has been announced but not confirmed.
- Only 29 of the 482 coins trade directly against the euro. Everything else goes through another currency, usually a stablecoin, which adds cost and exchange rate risk.
- Trading fees of 1.75 % on direct purchases have room for improvement
- Cost transparency is rated as limited
- MiCA licence from Austria's FMA – a clear regulatory basis for EU/EEA investors
- Low fees: 0.25% spot, 0.02% maker / 0.055% taker on futures
- Hundreds of tradable crypto assets
- Assets held largely in cold storage, 2FA, proof-of-reserves audits
- Fast execution and a well-rated app (iOS/Android)
- Registered in Vienna, inside the EU
- High-leverage derivatives are restricted for EEA retail clients under MiCA
- Security incident in February 2025 (around 401,000 ETH drained)
- The sheer number of features can overwhelm outright beginners
Score Comparison
User Experiences
AI AnalysisAccording to reviews, Binance is often praised overall for its ease of use, the large selection of coins, and fees that are generally perceived as low. At the same time, users occasionally report criticism regarding support, verification, and language options, especially with regard to a German app version.
This analysis is based on 1002 user reviews evaluated by AI from the Apple App Store and Google Play Store. The total number of reviews on the respective platforms may be higher — the platform ratings (star ratings) shown refer to all reviews available there. The reviews shown reflect user experiences and do not represent the site operator’s own assessment. All information is provided without guarantee. As of: March 2026. This comparison does not constitute investment advice.
Features
| ✓ | Savings plan | ✓ |
| ✓ | Staking | ✓ |
| ✓ | Wallet transfer | ✓ |
| ✓ | Cost transparency | ✓ |
| ✓ | 2FA security | ✓ |
| ✓ | Whitelist | ✓ |
| ✓ | SEPA transfer | ✓ |
| ✓ | Credit card | ✓ |
| ✓ | Minimum amount | ✓ |
| ✓ | Mobile app (iOS/Android) | ✓ |
- Largest crypto exchange worldwide by trading volume
- Low spreads in order book trading
- Savings plan and staking available
- On the market since 2017
- EU-regulated (MiCA, FMA Austria)
- Competitive spot and futures fees
- Cold-wallet custody and proof of reserves
The five areas head to head
AI AnalysisFees & Costs
Users often cite Binance’s fees as a positive point and frequently describe them as low compared with other providers. At the same time, some reviews perceive the fees as too high. Overall, user data suggests a predominantly positive view of the fees.
Spot trading: 0.25%. Futures: 0.02% maker / 0.055% taker. Deposit and withdrawal costs depend on the method used; crypto transfers incur the usual network fees.
Usability & User Experience
According to reviews, users particularly appreciate the intuitive app and ease of use at Binance, which appeals to both beginners and more experienced users. However, the interface is occasionally described as confusing or too complicated. Many users also want a German language option to make everyday use even more convenient.
Not enough reviews available.
Features & Offering
According to reviews, users mainly praise the large selection of coins. Users also report that Binance is suitable for beginners and appears easy to use. Occasionally, users would like additional language options as well as an iPad app to better adapt the offering to their usage.
Not enough reviews available.
Stability & Security
According to reviews, Binance is perceived by many users as reliable. Overall, the opinion on stability and reliability is predominantly positive.
Not enough reviews available.
Customer Support
User data paints a rather critical picture of support: users report a lack of support. Verification is also described as time-consuming in some reviews. In addition, users would like better assistance with account-related issues and withdrawals.
Not enough reviews available.
Details
| Binance Holdings Ltd. | Company | Bybit EU GmbH |
| 2017 | Founded | 2018 |
| License in Germany refused by BaFin | Regulation | MiCAR license via FMA |
| ~$10 USD | Minimum Amount | ~$5-10 USD |
| Photo ID | KYC | — |
Verdict
In our overall rating Binance leads with 4.3 against 4.1 for ByBit EU.
For most investors Binance is therefore the better choice.
Binance is considered the world’s largest crypto exchange by trading volume and is valued for its low spreads in order book trading. With over 370 tradable cryptocurrencies, savings plans and staking, the platform offers a broad range of services. On the market since 2017, Binance has established itself as a major player in crypto trading.
For the German market, however, it should be noted that Binance does not have a BaFin license. The direct-buy fees of 1.75 % and total costs of 18.50 € per trade are occasionally criticized, as is the limited cost transparency for direct purchases. The minimum amount of 15 € is also higher than at some competitors.
Binance is seen especially as suitable for experienced traders who want to benefit from the low spreads in order book trading and for whom a missing BaFin license matters less than the platform’s global market presence and liquidity.
Bybit EU pairs the strengths of the wider Bybit exchange – low fees, fast execution and a well-built interface – with a genuine EU licence (MiCA, granted by Austria's FMA). For European investors who want a regulated venue without giving up depth of markets, it is one of the more compelling options in 2026. Anyone expecting the very high leverage available on Bybit's global platform should note that those products are restricted for EEA retail clients under MiCA.