Crypto Exchange comparison
Bybit vs eToro
Bybit is a pure crypto exchange built for active traders, while eToro is a multi-asset platform that adds ASX shares, US stocks and ETFs alongside crypto. The biggest practical difference: eToro is ASIC-regulated with an AFSL and AUSTRAC registration, whereas Bybit has no Australian regulatory registration at all. That shapes everything from account types to tax reporting and investor protections.
Choose
Bybit
if…
- ›You want a dedicated crypto exchange with advanced order types and 24/7 trading — no fiat gateways, just crypto-native deposits and withdrawals
- ›You need a demo account and desktop platform for serious charting and analysis
- ›You don't mind the absence of Australian tax statements or CGT reports and prefer to handle that yourself via Sharesight/Navexa integration
- ›You trade high volumes and want zero inactivity fees with no minimum deposit requirements
- ›You're comfortable trading on an offshore entity (Bybit Fintech Limited) without Australian regulatory oversight
Choose
eToro
if…
- ›You want a single platform for ASX shares, US stocks, ETFs and crypto — all under one login
- ›You need an Australian-regulated broker (AFSL 491139, AUSTRAC-registered) with CHESS-adjacent custody and an Australian-incorporated entity
- ›You value automated tax reporting — eToro provides an Australian tax statement and a CGT calculator natively
- ›You want to deposit and withdraw in AUD via bank transfer, PayPal, credit card or POLi, not just crypto
- ›You want auto-invest at a portfolio level (multiple assets) rather than just single-asset DCA
Where they differ
| Fact | Bybit | eToro |
|---|---|---|
| Regulatory status | No AUSTRAC registration; offshore entity | AFSL 491139, AUSTRAC-registered, Australian-incorporated |
| Account types | Individual + company only | Individual, company, trust, SMSF |
| Australian tax statement | Not provided | Provided |
| Deposit methods | Crypto deposit, third-party fiat gateways, P2P | Bank transfer, debit/credit card, PayPal, Skrill, POLi, online banking |
| Inactivity fee | $0 | $10 AUD |
Verdict
Choose Bybit for pure crypto trading; choose eToro if you want ASX shares, ETFs and crypto in one regulated, tax-friendly account.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bybit | eToro |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | custodian |
| Individual HIN | — | No |
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | No | Yes |
| SMSF account | No | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | — | Yes |
| ASX ETFs supported | — | Yes |
| US shares supported | — | Yes |
| US ETFs supported | — | Yes |
| Other markets supported | — | United States, United Kingdom, Germany, France, Hong Kong, Italy, Spain, Netherlands, Sweden, Belgium, Denmark, Norway, Finland, Switzerland, Portugal |
| Fractional shares (ASX) | — | Yes |
| Fractional shares (US) | — | Yes |
| Options trading | — | No |
| CFDs supported | — | Yes |
| Crypto trading | Yes | Yes |
| Managed funds | — | No |
| Bonds supported | — | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.75% |
| Holds USD account | — | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | eToro passes through cash dividends from non-leveraged real positions (debit/credit to wallet). It does not facilitate participation in rights issues, share purchase plans (SPPs), DRPs or shareholder votes because shares are held in a managed investment scheme by the custodian, not in the user's name. No explicit fee, but corporate action access is materially restricted. |
| costs visible | ||
| ASX brokerage minimum | — | $0 |
| ASX brokerage percentage | — | 0% |
| ASX free trade conditions | — | Zero commission applies to all non-leveraged (real) ASX share and ETF purchases. Leveraged / short positions are executed as CFDs and incur 0.15% open/close spread plus overnight financing. |
| US brokerage minimum | — | US$0 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $10 |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | Bybit Fintech Limited | eToro AUS Capital Limited |
| AFSL number | — | 491,139 |
| AUSTRAC registration | No | Yes |
| Year founded | 2,018 | 2,017 |
| Parent / ownership | Bybit Fintech Limited (privately held; founded and led by Ben Zhou) | eToro Group Ltd (NASDAQ: ETOR) — listed 14 May 2025; originally founded in Israel by Yoni and Ronen Assia. eToro AUS Capital Limited is a wholly-owned Australian subsidiary. |
| Country of incorporation | SC | Australia |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | — | $50 |
| Minimum subsequent purchase | — | $50 |
| 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) | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking |
| Settlement period | — | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) |
| Withdrawal time | AUD bank withdrawals not supported; crypto withdrawals processed typically within minutes once approved (subject to network confirmation) | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator | SMS + authenticator app |
| Customer support channels | 24/7 live chat, email/ticket, help center, in-app support | Live chat (Club members only), Email / web ticket, Help centre |
| Support hours (AU time) | 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 | Yes |
| CGT calculator / report | No | Yes |
| Sharesight / Navexa integration | Yes | No |
| 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 |
| DRP (dividend reinvestment) | — | No |
| After-hours / overnight trading | Yes | No |