Crypto Exchange comparison
Binance Australia vs Bybit
The biggest practical difference between Binance Australia and Bybit comes down to regulation and fiat access. Binance Australia is AUSTRAC-registered, lets you deposit AUD via PayID or bank transfer for free, and withdraw AUD to your bank account. Bybit has no AUSTRAC registration, doesn't support AUD deposits or withdrawals, and requires you to buy crypto through third-party gateways or P2P.
Choose
Binance Australia
if…
- ›You want to deposit and withdraw AUD directly using PayID or bank transfer (Osko/NPP) with zero fees
- ›You want a platform that is AUSTRAC-registered and incorporated in Australia for clearer local regulatory oversight
- ›You want to trade crypto with a minimum initial deposit of just $1 and no inactivity or monthly platform fees
- ›You want a broader range of account types including SMSF, trust, and company accounts
- ›You want a platform with 24/7 live chat support and faster email response times (typically within 24 hours)
Choose
Bybit
if…
- ›You are an advanced trader looking for derivatives, futures, and perpetual swap products that Binance Australia has restricted
- ›You are comfortable sourcing crypto entirely via third-party fiat gateways (Banxa, Mercuryo, MoonPay) or P2P without direct AUD bank integration
- ›You want a platform founded in 2018 with a global reputation for derivatives trading and lower trading fees on certain products
- ›You don't need SMSF, trust, or joint accounts and are happy with individual or company accounts only
- ›You prefer a platform that offers a Bybit Card for spending crypto where available
Where they differ
| Fact | Binance Australia | Bybit |
|---|---|---|
| AUSTRAC registration | Yes | No |
| AUD deposits | PayID, bank transfer (Osko/NPP), debit/credit card, P2P | Not supported directly — third-party fiat gateways only |
| AUD withdrawals | $0 fee, PayID <60 seconds | Not supported |
| Account types | Individual, company, trust, SMSF | Individual, company only |
| Minimum initial deposit | $1 AUD | Not disclosed (varies by third-party gateway) |
Verdict
If you want to trade crypto with AUD and local regulation, pick Binance Australia. If you want derivatives and don't need fiat, pick Bybit.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Binance Australia | Bybit |
|---|---|---|
| account structure | ||
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | Yes | No |
| SMSF account | Yes | No |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | — |
| ASX ETFs supported | No | — |
| US shares supported | No | — |
| US ETFs supported | No | — |
| Other markets supported | — | |
| Fractional shares (ASX) | No | — |
| Fractional shares (US) | No | — |
| Options trading | No | — |
| CFDs supported | No | — |
| Crypto trading | Yes | Yes |
| Managed funds | No | — |
| Bonds supported | No | — |
| IPO access | No | No |
| costs hidden | ||
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $0 |
| Withdrawal fee (AUD) | $0 | — |
| identity and trust | ||
| Legal entity name | InvestbyBit Pty Ltd (trading as Binance Australia) | Bybit Fintech Limited |
| AUSTRAC registration | Yes | No |
| Year founded | 2,020 | 2,018 |
| Parent / ownership | Binance Holdings Limited (Cayman Islands) | Bybit Fintech Limited (privately held; founded and led by Ben Zhou) |
| Country of incorporation | AU | SC |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | $1 | — |
| Minimum subsequent purchase | $1 | — |
| Deposit methods | PayID, Bank transfer (Osko/NPP), Debit card, Credit card, P2P trading | Crypto deposit, Third-party fiat gateway (debit/credit card via Banxa, Mercuryo, MoonPay), P2P trading (peer-to-peer fiat), Bybit Card top-up (where available) |
| Withdrawal time | PayID: <60 seconds; bank transfer: 1-2 business days | AUD bank withdrawals not supported; crypto withdrawals processed typically within minutes once approved (subject to network confirmation) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator app | authenticator |
| Customer support channels | Live chat (24/7), Email, Help centre / in-app ticket | 24/7 live chat, email/ticket, help center, in-app support |
| Support hours (AU time) | 24/7 (live chat); email response typically within 24 hours | 24/7 (live chat); email tickets responded in 1-3 business days |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | No | No |
| CGT calculator / report | No | No |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | single asset |
| After-hours / overnight trading | Yes | Yes |