Bybit vs Binance Sign Up Bonus
A head-to-head comparison of the two largest derivatives exchanges in crypto. We compare bonus size, qualifying activity, fees and which one pays more for active traders.
At a glance
Our verdict
- Maximum upfront bonus: Bybit wins with up to Up to $30,100 across deposit and trading milestones.
- Long-term value: Binance — the 20% lifetime fee discount via code TOPVIP keeps paying every trade you make.
- Want both? Open both accounts. The referral codes don't conflict because they're separate platforms.
Frequently asked questions
Which has a bigger sign up bonus, Bybit or Binance?
Bybit pays up to Up to $30,100 across deposit + trading milestones, while Binance pays up to Up to $100 as a permanent 20% fee discount plus a small reward. For maximum cash value, Bybit wins; for long-term fee savings, Binance is competitive.
Do I need to KYC on both Bybit and Binance to claim the bonus?
Yes. Both exchanges require KYC verification to unlock the full referral bonus. The basic bonus tier may be available with limited verification, but the maximum bonus pool requires full identity verification.
Can I use both referral codes on a new account?
Each exchange tracks a single referral code per account, so you can use EXTRAVIP on Bybit and TOPVIP on Binance — they don't conflict because they're separate platforms.
Which is better for derivatives trading?
Both Bybit and Binance have deep perpetual liquidity. Bybit typically has tighter spreads on alt-perpetuals and slightly lower taker fees, while Binance has higher BTC and ETH futures volume.