Binance vs Bybit
Binance and Bybit are both top choices in Vietnam, but they serve different trading profiles. Binance is the dominant all-rounder with the strongest VND P2P infrastructure. Bybit has built its reputation on derivatives — perpetual futures and options — and is particularly popular with Vietnamese traders who focus on leveraged products. Both are foreign exchanges subject to Vietnam's proposed licensing restrictions.
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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?
Binance is the better starting point for most Vietnamese users due to its P2P depth and broad product range. Bybit is the better choice for traders whose primary activity is perpetual futures or options and who want a platform optimised for those instruments.
Binance
Choose this one if you need vnd p2p access, trade across spot and derivatives, or want the broadest asset selection and liquidity.
Bybit
Choose this one if derivatives trading — particularly perpetual futures — is your main activity and you want a platform built around that use case.