Binance vs Bybit: the Philippines numbers
Binance has the longer track record (since 2017 vs 2018). Full Binance vs Bybit breakdown for Philippines, verified against official pages on July 31, 2026.
- Verified
- Jul 31, 2026
- Sources
- Official sources cited
- Market
- Philippines
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- Market
- en-PH / PH
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- comparison
- Updated
- Jul 31, 2026
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On the numbers both platforms publish, Binance takes this one for most Philippines users: the platform has the longer track record (since 2017 vs 2018). That verdict is mechanical — lower published entry-tier cost and broader published coverage win rows, and ties stay ties. Every figure was re-checked against official pages on July 31, 2026, and the row-level sources are one click away below.
trading bonus
Binance
- market
- Philippines
Referral terms vary by region and account state.
Open BinanceBinance and its counterpart are lined up on the same published rows below — entry-tier costs, verification, coverage, and local availability — with the winning cell decided by the published number alone, re-checked on July 31, 2026. Where a platform does not publish a figure, the row says so instead of guessing, because an unpublished number is a real answer about transparency too. Use the availability row first if you are signing up from Philippines: a cheaper venue that cannot legally take your registration is not cheaper.
| Brand | Published value | Source | Availability | |
|---|---|---|---|---|
| BinanceTop pick for Philippines | Spot maker fee: 0.1% · Spot taker fee: 0.1% | Binance trading fees | accepts Philippines | Open account |
 Bybit | Spot maker fee: 0.1% · Spot taker fee: 0.1% | Bybit trading fee structure | accepts Philippines | Open account |
Each check below names the platform whose published number wins that row outright, using the values re-verified on July 31, 2026. Binance and its rival keep their source links in the last row, so any cell can be audited in one click before you commit funds — and if a provider stops publishing a value, the row flips to "not published" on the next re-check rather than staying frozen.
| Check | Binance | Bybit |
|---|---|---|
| Spot maker fee | 0.1% | 0.1% |
| Spot taker fee | 0.1% | 0.1% |
| Futures maker fee | not published | 0.02% |
| Futures taker fee | not published | 0.055% |
| Deposit methods | not published | On-chain crypto deposit (free), internal transfer (free), Buy Crypto/fiat (provider fees vary), P2P trading (zero platform fee) |
| KYC requirements | not published | Unverified (Non-Identity Verification) users can withdraw up to 20K USDT/day and 100K USDT/month; Standard KYC raises the daily limit to 1M USDT |
| Founded | July 2017 | 2018 |
| Availability | accepts Philippines | accepts Philippines |
| Official source | Binance trading fees | Bybit trading fee structure |
Using Binance or Bybit from Philippines
Signing up from Philippines puts Binance and Bybit under a local rulebook, and it is not what the fee table alone tells you. Bangko Sentral ng Pilipinas (BSP), the central bank, oversees retail crypto platforms as Virtual Asset Service Providers under Circular No. 1108. BSP maintains a public register of licensed VASPs; active non-bank entries include Coins.ph, Maya Philippines and PDAX — no major offshore exchange appears. How money actually reaches the order book here: InstaPay, the BSP-overseen real-time interbank transfer scheme (capped per transaction), is the dominant instant deposit rail for banks and e-wallets. The GCash mobile wallet is the most widely used e-money option, with InstaPay support for interbank transfers. On tax treatment in this market: The Department of Finance expects crypto-asset users to pay tax on their gains and has committed the Philippines to the OECD Crypto-Asset Reporting Framework.
- Which is better: Binance or Bybit?
- For most Philippines users, Binance — Binance has the longer track record (since 2017 vs 2018). If your priority is different (coverage, track record, verification rules), the table above shows exactly where each one wins.
- How is crypto regulated in Philippines?
- Bangko Sentral ng Pilipinas (BSP), the central bank, oversees retail crypto platforms as Virtual Asset Service Providers under Circular No. 1108. — BSP maintains a public register of licensed VASPs; active non-bank entries include Coins.ph, Maya Philippines and PDAX — no major offshore exchange appears. (source: bsp.gov.ph).
- How does ChainCosts earn from this page?
- If you open an account through a link here, the provider may pay us a commission. It never changes the price you pay, and it has no input into which cell wins a row — the published numbers decide.
At a glance
Key facts
- Market
- Philippines
- Verified
- Jul 31, 2026
- Data completeness
- Only figures backed by the cited sources are shown; anything we could not verify is left out.
ChainCosts may earn a commission if you sign up through a partner link on this page. This never changes the numbers we publish.
Not financial, tax, custody, or investment advice. Verify live terms with the provider before acting.
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Binance
- market
- Philippines
Referral terms vary by region and account state.
Open Binancetrading bonus
Bybit
- market
- Philippines
Referral terms vary by region and account state.
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Machine-readable summaryen-PH / PH
- Canonical source
- https://chaincosts.com/en-PH/compare/binance-vs-bybit
- What this page does
- comparison screening with visible partner-link disclosure
- Offers covered
- Binance, Bybit
- Evidence
- 3 cited sources: Binance trading fees, Bybit trading fee structure, ChainCosts exchange fee checklist
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