Bybit vs Gate

You go to Gate for new listings and to Bybit for leverage. Picking one is rarely necessary — people keep both.

Puffit editorial · · about authorship and sources

Compared by the numbers

Collected straight from the exchanges. Volume is deliberately left out: venues count it differently, and on some the top of the list is tokenised equities. The last row is our advertisement scanner’s coverage, not the venue’s full currency list, which is wider.

BybitBybit GateGate
USDT pairs3882,038
Futures contracts8221,070
Networks for USDT2026
Cheapest USDT withdrawal0.0700 POLYGON0.0500 ARBITRUM
P2P currencies in our scanner89 currencies72 currencies

In short: the difference

What Bybit is: an exchange that lives on leverage. On the market since 2018, jurisdiction: Dubai, UAE, its own MNT token.

What Gate is: an early-listing venue. On the market since 2013, jurisdiction: Panama, its own GT token.

What Bybit gives you

Against an early-listing venue, Bybit plays a different game: A venue with a strong derivatives pedigree and an unusually comfortable interface. Spot, perpetual futures and options, P2P, Earn savings, copy trading with open trader statistics, trading bots and a card. Twenty networks for USDT withdrawals — more than anyone we cover — and several of them free.

Strong sides: 20 withdrawal networks, several of them free, an even book on the main pairs, transparent copy trading.

What Gate gives you

The terminal is strong on contracts, but Gate has its own ground: One of the oldest venues, running since 2013, and first in our coverage for withdrawal networks: twenty-four for USDT alone. Two thousand spot pairs and a thousand perpetuals. There is P2P, savings and staking, Startup launches, copy trading, bots and its own GT token with fee discounts.

Strong sides: 24 USDT withdrawal networks, more than anyone, 2000 spot pairs, running since 2013.

What decides it

  • Age. Gate has run since 2013, Bybit since 2018 — a gap of 5 years. It guarantees nothing on its own, but the older venue has been through more market cycles.
  • Jurisdiction. Bybit sits in Dubai, UAE, Gate in Panama. It shapes both the checks you pass and what the venue has to disclose.
  • Native tokens. Bybit has MNT, Gate has GT: holders usually get fee discounts and access to launches.
  • Strengths side by side. Bybit: 20 withdrawal networks, several of them free, an even book on the main pairs, transparent copy trading; Gate: 24 USDT withdrawal networks, more than anyone, 2000 spot pairs, running since 2013.
  • Which job. Bybit is a natural second venue in a route: cheap transfers and predictable execution, while Gate is for anyone who values freedom of choice when moving coins between chains.
  • Worth remembering. Bybit: the spot listing is slimmer than the Asian venues with thousands of pairs. Gate: the interface is dense with sections: finding the right one takes a while.

Which one fits you

Bybit — a natural second venue in a route: cheap transfers and predictable execution.

Gate — for anyone who values freedom of choice when moving coins between chains.

What people ask most

Bybit: Is Bybit good for spot? Fine for major pairs: nearly four hundred USDT pairs with no random coins on an empty book. For the long tail of new listings keep a wide-listing venue alongside.

Bybit: Are there options here? Yes, a proper section. Options are uncommon among exchanges, and Bybit is one of the few venues with the full derivatives set.

Bybit: What is the unified trading account? A mode where spot, futures and options share collateral. A coin bought on spot backs your futures position, and free funds never sit idle in a separate wallet — the whole balance works.

Gate: What is proof of reserves? A Merkle-tree procedure letting you verify your balance is counted in the exchange's liabilities and those liabilities are covered by assets. It does not reveal off-balance-sheet obligations.

Gate: How reliable is Gate? It has operated since 2013 and publishes proof of reserves regularly — good marks by industry standards. That publication is not a full audit.

Both at once

Nothing stops you from opening an account on both: it is free, and a pair of venues almost always beats any single one on price. The coin is bought where it already trades, moved across and shorted with a contract on the other — that locks the price while the transfer runs.

Live numbers

The table above is built from our own market snapshots: USDT pairs, perpetual contracts, P2P ads and currencies, withdrawal networks and the cheapest one. Bybit and Gate can be compared on facts rather than promises.

What the numbers say

The spot lists differ by 5.3× — 2,038 USDT pairs on Gate, 388 on the other side. The futures list runs longer on Gate: 1,070, against 822. On the cheapest chain Gate charges 0.0500 for USDT via ARBITRUM; the same move on Bybit runs to 0.0700 POLYGON. Gate opens 26 chains for USDT against 20 on Bybit — more routes mean more chances to move funds cheaply. Our scanner reads P2P advertisements on Bybit in 89 currencies and on Gate in 72.

Snapshot from 31 October 2026; on the page the figures refresh on every visit.

Bybit ↗Gate ↗

Frequently asked

Gate or Bybit — which should you pick?
It is the same choice whichever way round you write it. The comparison above is built on what can be measured: fees, pair counts, withdrawal chains and funding routes. Look less at which venue is "better" in general and more at which of those matters to you.

Other comparisons and walkthroughs

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