Crypto Exchange comparison
Bybit vs Crypto.com
The biggest practical difference between Bybit and Crypto.com is regulatory footing in Australia. Crypto.com holds an AFSL and is AUSTRAC-registered, while Bybit is not registered with AUSTRAC at all. That means Crypto.com is the safer bet if you want a locally regulated exchange with direct AUD deposit options like PayID.
Choose
Bybit
if…
- ›You want a demo account to practise trading before committing real funds
- ›You trade derivatives or use advanced conditional order strategies — Bybit is built for active crypto traders
- ›You prefer a platform with a wider global footprint and don't mind using third-party fiat gateways
- ›You want peer-to-peer fiat trading as an alternative deposit method
Choose
Crypto.com
if…
- ›You want to deposit AUD directly via PayID or bank transfer (NPP) without third-party gateways
- ›You value local regulation — Crypto.com holds an AFSL and is AUSTRAC-registered
- ›You want phone support (available for cardholders) in addition to 24/7 live chat
- ›You want free research reports included with the platform
- ›You prefer a more sophisticated auto-invest feature that supports multiple asset levels
Where they differ
| Fact | Bybit | Crypto.com |
|---|---|---|
| AUSTRAC registration | No | Yes |
| AFSL holder | No | Yes (467462) |
| AUD deposit methods | Third-party fiat gateway only (Banxa, Mercuryo, MoonPay) | PayID, bank transfer (NPP), debit/credit card, Apple Pay, Google Pay |
| Demo account | Yes | No |
| Free research reports | No | Yes |
Verdict
Choose Bybit for advanced crypto trading tools and a demo account; choose Crypto.com for local regulation and easy AUD deposits.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bybit | Crypto.com |
|---|---|---|
| account structure | ||
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | No | — |
| SMSF account | 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 | — |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | Bybit Fintech Limited | Foris DAX AU Pty Ltd |
| AFSL number | — | 467,462 |
| AUSTRAC registration | No | Yes |
| Year founded | 2,018 | 2,016 |
| Parent / ownership | Bybit Fintech Limited (privately held; founded and led by Ben Zhou) | Foris DAX MT (Malta) Limited (ultimate parent of the Foris DAX / Crypto.com group); Australian entities Foris DAX AU Pty Ltd and Foris GFS Australia Pty Ltd |
| Country of incorporation | SC | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | — | $0 |
| Minimum subsequent purchase | — | $1 |
| Deposit methods | 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) | PayID, Bank transfer (NPP), Debit card, Credit card, Apple Pay, Google Pay, Crypto deposit |
| Withdrawal time | AUD bank withdrawals not supported; crypto withdrawals processed typically within minutes once approved (subject to network confirmation) | Typically near-instant via PayID/NPP; up to 1-2 business days for standard bank transfer |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | Yes | No |
| Free real-time market data | Yes | Yes |
| Free research reports | No | Yes |
| 2FA support | authenticator | authenticator |
| Customer support channels | 24/7 live chat, email/ticket, help center, in-app support | Live chat (24/7 in-app & web), Email, Phone (cardholders only), Help centre, Social media |
| Support hours (AU time) | 24/7 (live chat); email tickets responded in 1-3 business days | 24/7 |
| 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 | single asset | multiple |
| After-hours / overnight trading | Yes | Yes |