Crypto exchanges · Comparison
Bybit vs Binance in 2026: Fees, EU Access and Referral Codes Compared
At the base tier Bybit and Binance both charge 0.10% on spot; on USDT perpetuals Binance takes 0.050% as a taker against Bybit’s 0.055% (fee pages read 22 and 23 September 2026). Binance’s code PRM26 rebates 20% of spot fees; Bybit’s PCNVIP changes no fees and adds no reward of its own. Binance has accepted no new EU/EEA users since 1 July 2026.
Binance: not for new EU/EEA users since 1 July 2026, no rebate for UK users, not available in the US. Bybit: EEA residents are directed to Bybit EU, where PCNVIP does not apply; the UK service (since December 2025) offers spot and P2P only and no referral rewards; not available in the US.
Affiliate links: Binance pays us a commission through the button above, Bybit through the PCNVIP link in the verdict. Using them costs you nothing extra.
Written and checked by Sascha Martins, Promo Code Network, Switzerland
Bybit vs Binance fees: spot, perpetuals and fee tokens
Both publish the same base spot rate and the same token discount: 25% off spot and 10% off futures fees paid in BNB or MNT. Binance is ahead in two places: a perpetual taker rate 0.005 points lower, and a referral code that cuts the rate.
| Base tier | Bybit (VIP 0) | Binance (regular) |
|---|---|---|
| Spot, maker / taker | 0.10% / 0.10% | 0.10% / 0.10% |
| Spot, fees paid in MNT or BNB | 0.075% / 0.075% | 0.075% / 0.075% |
| Spot, BNB plus PRM26 | No equivalent | 0.06% / 0.06% |
| USDT perpetuals, maker / taker | 0.020% / 0.055% | 0.020% / 0.050% |
| Perpetuals, fees paid in MNT or BNB | 0.018% / 0.0495% | 0.018% / 0.045% |
Bybit fee structure (updated 2 September 2026) and MNT FAQ, read 23 September 2026; Binance fee schedule and BNB FAQ, read 22 September 2026. The PRM26 futures rebate is not included. The MNT discount does not apply to API, bot, copy-trading or liquidation orders. Perpetual futures are leveraged: a small price move against you can liquidate the position and lose the entire margin.
In money: 10,000 USD of spot trading costs 6.00 USD on Binance with BNB and PRM26, 7.50 USD on Bybit with MNT, 10.00 USD on either without discounts. A 10,000 USD perpetual position opened as a taker costs 5.00 USD on Binance and 5.50 USD on Bybit.
What the Binance and Bybit referral codes actually change
| Item | Binance PRM26 | Bybit PCNVIP |
|---|---|---|
| Effect on fees | 20% of spot and margin fees rebated for the life of the account, until VIP 3; up to 20% on futures for 12 months | None |
| Rewards | Binance’s new-user vouchers, up to 19,800 USD, after verification (first 1,000 eligible sign-ups per link and 30-day cycle) | None of its own; Bybit’s new-user rewards (20 USD welcome reward on 21 September 2026) name no code condition |
| How it is paid | USDC, hourly, on net fees | Nothing to you; Bybit pays us a commission |
| Adding it later | Only under 30 days, before any deposit or trade | Within 14 days, by a main account with no other code (Account Info, “Join an Affiliate’s Community”) |
| Excluded | EEA (since 1 July 2026), UK | EEA, UK |
Binance Referral Pro FAQ and terms read 22 September 2026; Bybit invite page checked 21 September 2026; Bybit’s affiliate-code help article updated 5 June 2026. Bybit’s top new-user deposit tier, 30,000 USDT, needs a 250,000 USD deposit plus 150 million USDT of volume; it is not a code benefit.
Bybit and Binance in the EU, the UK and the US
| Region | Bybit | Binance |
|---|---|---|
| EEA | Bybit is restricting its global platform for EEA residents in phases (notice of 29 June 2026). Bybit EU GmbH, authorised by Austria’s FMA on 28 May 2025, serves 29 EEA states, not Malta; spot and spot margin, 0.10% maker / 0.25% taker, a single 0.25% from 5 October 2026 | MiCA application withdrawn 24 June 2026; no new sign-ups, trading or deposits since 1 July 2026; withdrawals open. No Binance entity on the ESMA register |
| United Kingdom | Since December 2025: spot and P2P, promotions approved by the FCA-authorised firm Archax; no derivatives, no referral rewards | Not authorised for UK retail customers; no referral incentive |
| United States | Not available | Binance.com not available |
| Switzerland | Global platform, PCNVIP applies | Available, PRM26 applies |
For EEA readers the comparison is Bybit EU against no Binance entity at all. Bybit EU’s register entry lists no derivatives permission and its fee page covers spot and spot margin, so this page does not treat Bybit’s perpetuals or copy trading as available in the EEA. Licensed alternatives: MiCA-licensed exchanges.
Bybit and Binance: security and regulatory record, copy trading
Bybit. On or about 21 February 2025 Bybit was hacked; the FBI attributed the theft of about 1.5 billion USD in virtual assets to North Korea (FBI announcement I-022625-PSA, 26 February 2025).
Binance. In November 2023 Binance and its then CEO resolved US charges with the DOJ, the CFTC, FinCEN and OFAC for over 4.3 billion USD in total; the CFTC share was 2.85 billion USD, for illegally operating a digital-asset derivatives exchange and evading US law (CFTC release 8825-23, 21 November 2023).
Copy trading, outside the EEA. Bybit’s Copy Trading Classic charges normal derivatives fees with no extra trading fee, but copiers share part of their profits with the master trader, and reward vouchers cannot be used there (FAQ updated 15 September 2026).
Cryptocurrency trading carries substantial risk; this page is information, not financial advice.
Verdict: Bybit vs Binance by where you live
Outside the EEA, for example in Switzerland. On fees the verdict is Binance with PRM26, and Binance pays us a commission if you register through our link: 0.06% on spot with BNB and the rebate against 0.075% on Bybit with MNT, and 0.050% taker on perpetuals against 0.055%. Binance’s 2023 US settlement is set out above. Bybit, which also pays us a commission, is the choice if you want its products or the MNT discount rather than lower fees (EEA residents use Bybit EU, the UK service pays no referral rewards, the US is excluded): register on Bybit with PCNVIP. On or about 21 February 2025 Bybit was hacked; the FBI attributed the theft of about 1.5 billion USD to North Korea.
In the EEA. Binance is closed to new users and has no licensed EU entity. Bybit EU (no affiliate link; PCNVIP does not apply) offers spot and spot margin, no perpetuals, in 29 states at 0.10% / 0.25%; spot margin is borrowing and can be liquidated, with a 2% fee. OKX Europe charges less on spot (0.08% / 0.10%); we have no affiliate relationship with OKX.
In the UK and the US. Neither code applies in the UK, and neither exchange serves the US.
Bybit vs Binance: common questions
Which is cheaper, Bybit or Binance?
Does Bybit have a fee discount like BNB on Binance?
Can EU residents choose between Bybit and Binance?
Is the PRM26 rebate worth more than Bybit’s welcome reward?
Can UK residents use PRM26 or PCNVIP?
Sources
- Bybit help centre: Trading Fee Structure (updated 2 September 2026), Paying Trading Fees with MNT, Copy Trading FAQ, How to Add and Check Registered Affiliate Code (updated 5 June 2026).
- Binance fee schedule, Referral Pro FAQ and referral terms (UK and EEA exclusions). Read 22 September 2026.
- Bybit EEA notice, 29 June 2026; Bybit EU fee structure (updated 4 August 2026); OKX fee page.
- Binance: Important Update for Our European Users, 24 June 2026; ESMA CASP register (Bybit EU listed, no Binance entity); CFTC release 8825-23, 21 November 2023.
- CoinDesk: Bybit returns to UK, 19 December 2025, and FBI announcement I-022625-PSA, 26 February 2025.
- Bybit invite page with the referral parameter, checked 21 September 2026 (20 USD welcome reward shown); Bybit Learn: Welcome Gift Rewards, 14 January 2026 (no code condition).
Read 23 September 2026 unless dated otherwise.