Bybit vs Kraken
Bybit is cheaper on spot taker fees (0.1% against 0.4%). Kraken accepts US residents; Bybit does not.
| Bybit | Kraken | |
|---|---|---|
| Founded | 2018 | 2011 |
| Headquarters | Dubai, UAE | United States |
| Spot maker fee | 0.1% | 0.25% |
| Spot taker fee | 0.1% | 0.4% |
| Futures maker fee | 0.02% | 0.02% |
| Futures taker fee | 0.055% | 0.05% |
| KYC | Required | Required |
| Accepts US residents | No | Yes |
| Fiat methods | Card, P2P, Bank transfer (select regions) | Bank transfer, Card |
Base-tier fees, checked 2026-09-14.
Bybit is stronger on
- Derivatives interface widely preferred by active traders
- Deep perpetual liquidity
- Fast withdrawals
Its weaknesses
- No US access
- Spot liquidity thinner than Binance outside majors
Kraken is stronger on
- One of the longest-running exchanges with no major hack
- Strong fiat rails including GBP and EUR
- Proof-of-reserves published regularly
Its weaknesses
- Interface feels dated
- Support response times vary
Which one
Fee differences at this scale matter far less than most comparisons imply. On a $1,000 trade the gap between 0.1% and 0.4% is $3.0000000000000004 — smaller than the spread you will pay on anything outside the top twenty coins. What actually decides it is whether the exchange serves your country, whether it supports the deposit method you can use, and whether the pairs you want have real liquidity there.
Check the numbers for your own trade size in the fee calculator, and confirm availability in the country matrix before opening an account.