Binance vs Bybit
Binance and Bybit overlap heavily but were built for different traders. Both run a Vietnamese interface, both support VND P2P through bank transfer, MoMo and ZaloPay, and both charge a 0.10% spot maker fee, so the spot side is a wash. The split shows up in derivatives and breadth. Binance lists about 430 coins and offers up to 125x leverage on perpetuals, with the full surrounding suite of spot, Earn and copy trading drawing on the deepest liquidity in the market. Bybit lists roughly 700 coins and was engineered around its derivatives engine — USDT and USDC perpetuals plus USDC-settled options, which Binance covers less prominently. Bybit's perpetual maker fee sits at 0.02% with a 0.055% taker, marginally above Binance's 0.05% taker, and Bybit caps leverage at 100x. Bybit's matching engine and mobile app are widely rated as faster and cleaner for active futures traders, while Binance's edge is the sheer depth behind every order. Both are foreign platforms named in Vietnam's draft restrictions, not yet enforced as of mid-2026.
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Side-by-side comparison
| Binance | Bybit | |
|---|---|---|
| Rating | 9.4 | 9.0 |
| Spot maker | 0.1% | 0.1% |
| Spot taker | 0.1% | 0.1% |
| Futures maker | 0.02% | 0.02% |
| Futures taker | 0.05% | 0.055% |
| Max leverage | 125x | 100x |
| Founded | 2017 | 2018 |
| Headquarters | Global (no single HQ) | Dubai (registered in BVI) |
| VND P2P | ||
| Vietnamese support | ||
| Copy trading |
Which is better for Vietnamese traders?
Pick by what you actually trade. Binance is the better base for an all-rounder: its P2P book is the deepest, so VND moves in and out at the tightest spreads, and the all-in-one product range means you rarely need a second account. Move to Bybit when derivatives become your main activity. Its options coverage is broader than Binance's, its perpetuals app is faster to operate under pressure, and the 0.005% higher taker fee on futures is trivial against the execution quality serious leverage traders are paying for. Many Vietnamese traders run both: Binance as the VND funding hub and long-term holdings, Bybit as the active futures terminal.
Binance
Choose this one if you are funding from vnd and want the deepest p2p book, you want one account covering spot, earn and copy trading on top-tier liquidity, or you want up to 125x leverage and the tightest fills on major pairs.
Bybit
Choose this one if perpetual futures or usdc options are your main activity and you want a derivatives-first platform with a faster app, broader options coverage and execution tuned for active leverage trading.