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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Bybit vs Bitvavo in comparison
Overview
- Clear trading view
- Large selection of trading tools
- Low fees
- Might be complex for beginners
- Global platform still under assessment by the Seychelles FSA
- Low entry fees on euro markets: 0.15% maker, 0.25% taker
- Authorized under MiCA by the Dutch AFM
- Free SEPA deposits and euro withdrawals
- 427 crypto assets on the order book, plus staking and recurring buys
- Proof-of-reserves attestation and reimbursement of up to €100,000 after an account takeover
- Only for residents of 25 countries in the EEA
- No futures or options
- 1% fee on credit card, Apple Pay, Google Pay and PayPal deposits
- Crypto withdrawal fees set by Bitvavo, which says they can be higher than from a private wallet
- Staking, lending, margin trading and locked-price orders are not regulated under MiCA
Features Comparison
- Cryptocurrencies
- Cryptocurrencies
0.1
%
0.10%
0.10%
Varies
0.25
%
0.25%
0.15%
Varies
393
+
$
1
426
+
$
Exchange Rating
Functions
- Spot, derivatives, bot trading, and copy trading8
- Bybit Earn
- Launchpad
- Spot trading on EUR and USDC markets
- Margin trading
- Flexible and fixed-term staking
Company Details
Our Review
Bybit is a top platform for advanced traders, offering extensive derivatives and leveraged trading options with competitive fees. It excels in security and user experience but may be complex for beginners due to its advanced features. Geographical restrictions, particularly in the U.S., limit access, and withdrawal fees can vary. Overall, Bybit is well-suited for experienced traders looking for sophisticated tools and high-risk trading opportunities, but beginners should approach with caution.
Derivatives Platform vs European Exchange
Bybit built its platform for derivatives traders who want leverage and copy trading. Bitvavo built its platform for European users who want straightforward spot trading with low fees. Different tools for different jobs.
Target Audience
Bybit targets traders—the platform scores for traders specifically interested in derivatives, leverage, and sophisticated tools.
Bitvavo targets beginners with competitive European fees and good security. Less trading complexity, more accessibility.
Fee Comparison
Bybit charges 0.055% taker for derivatives on its global platform. Bitvavo charges 0.25% taker for spot. Different markets, so the two fees are not directly comparable.
Geographic Focus
Bitvavo optimizes for European users with euro banking integration. Bybit serves globally but has geographic restrictions including U.S. users.
Features
Bybit offers derivatives, copy trading, bot trading, and Bybit Earn. Trading-focused ecosystem.
Bitvavo offers spot and margin trading plus staking. More straightforward trading options.
Trust Scores
Bitvavo scores 8/10 on security—European backing provides confidence. Bybit scores 6/10—less regulatory clarity.
Picking Your Platform
Bitvavo at 8.8 suits European spot traders who want low fees and reliable security. Regional optimization.
Bybit at 8.5 suits derivatives traders globally who want leverage, copy trading, and don't prioritize European focus.
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
