BloFin vs Bybit: Which Exchange Is Better for Futures Traders in 2026?
Bybit and BloFin are two of the most commonly compared cryptocurrency exchanges in the derivatives space. Both platforms are built around futures trading, both support high leverage, and both operate outside major retail financial regulatory frameworks. This article puts both exchanges side by side across fees, leverage, security infrastructure, KYC requirements, and overall trading value.
One important note: BloFin is a TetherBack partner exchange. Traders who register on BloFin through TetherBack earn 50% cashback on their trading fees in USDT. Bybit is not currently listed on TetherBack. That difference is factored into the fee analysis below.
Exchange Overviews
BloFin
BloFin is a derivatives-focused exchange founded in 2019 and registered in the Cayman Islands and British Virgin Islands. It specializes in perpetual futures across more than 530 USDT-M trading pairs, with leverage up to 150x. BloFin supports traders in more than 150 countries and allows account use without mandatory KYC at the base level.
Bybit
Bybit is a cryptocurrency exchange founded in 2018 and headquartered in Dubai. It is one of the largest derivatives exchanges globally, with a reported user base of over 80 million and coverage of more than 160 countries. Bybit supports 710+ perpetual pairs across USDT and USDC-margined contracts. Since March 2023, Bybit has enforced mandatory KYC for all users. The exchange holds regulatory licenses in Dubai (VARA), Cyprus, Kazakhstan (AFSA), Georgia, and across the EU through an Austrian MiCAR authorization.
Fees: The Most Important Difference for Active Traders
Exchange | Maker Fee | Taker Fee | TetherBack Cashback | Effective Taker After Cashback |
BloFin (via TetherBack) | 0.010% | 0.030% | 50% | 0.015% |
Bybit (standard) | 0.020% | 0.055% | None | 0.055% |
Bybit's standard taker fee of 0.055% is nearly double BloFin's listed taker fee of 0.030% before cashback is applied. Once TetherBack's 50% cashback is factored in, BloFin's effective taker fee drops to 0.015%, which is less than one-third of Bybit's standard rate.
Fee Impact Over Time
Monthly Volume | Bybit Fees (0.055%) | BloFin Fees (0.030%) | BloFin Effective (After Cashback) | Monthly Saving vs Bybit |
$100,000 | $55.00 | $30.00 | $15.00 | $40.00 |
$500,000 | $275.00 | $150.00 | $75.00 | $200.00 |
$1,000,000 | $550.00 | $300.00 | $150.00 | $400.00 |
$5,000,000 | $2,750.00 | $1,500.00 | $750.00 | $2,000.00 |
Leverage
Exchange | Maximum Leverage |
BloFin | Up to 150x on select contracts |
Bybit | Up to 125x on selected USDC perpetuals; 100x on BTC/USDT under standard risk tiers |
KYC Requirements
Exchange | KYC Policy |
BloFin | Optional at base level. No-KYC accounts can withdraw up to 20,000 USDT per 24 hours. |
Bybit | Mandatory for all users since March 2023. Required before any trading or withdrawals. |
Security Infrastructure
Security Feature | BloFin | Bybit |
ISO 27001 Certification | Yes (April 2025) | Not reported |
Institutional Custody | Fireblocks (MPC + insurance) | Internal custody systems |
Transaction Monitoring | Chainalysis KYT + AnChain.AI | Internal monitoring |
Proof of Reserves | Monthly Merkle Tree, 1:1 | Monthly, Hacken-verified |
2FA | Yes | Yes |
Hack History | No major breach | No major breach |
Head-to-Head Summary
Category | BloFin | Bybit | Winner |
Base Taker Fee | 0.030% | 0.055% | BloFin |
Effective Taker (with TetherBack) | 0.015% | No cashback | BloFin |
Base Maker Fee | 0.010% | 0.020% | BloFin |
Maximum Leverage | 150x | 125x | BloFin |
Perpetual Pairs | 530+ | 710+ | Bybit |
KYC Policy | Optional | Mandatory | BloFin |
Custody Infrastructure | Fireblocks MPC + insurance | Internal | BloFin |
ISO 27001 Certification | Yes | Not reported | BloFin |
Regulatory Licenses | FinCEN MSB, Cayman | VARA, MiCAR, Cyprus, Kazakhstan | Bybit |
User Base | Not publicly stated | 80 million | Bybit |
Cashback Program | 50% via TetherBack | None | BloFin |
Conclusion
For the majority of active futures traders whose primary concern is execution cost, leverage flexibility, and security quality, BloFin combined with TetherBack cashback represents a stronger overall value proposition. The 50% cashback applies from the first trade without any volume threshold. Register on BloFin through TetherBack to access 50% cashback on every futures trade.
Frequently Asked Questions
Is BloFin better than Bybit?
For futures traders focused on minimizing costs, BloFin offers lower base fees and 50% cashback via TetherBack, resulting in an effective taker fee of 0.015% compared to Bybit's standard 0.055%. Bybit has advantages in regulatory coverage, pair count, and ecosystem breadth.
What are Bybit's futures fees?
Bybit's standard futures maker fee is 0.020% and taker fee is 0.055%. VIP-tier reductions are available for high-volume traders.
What are BloFin's futures fees on TetherBack?
BloFin is listed on TetherBack with a 0.010% maker fee and a 0.030% taker fee. With 50% cashback applied, the effective rates are 0.005% maker and 0.015% taker.
Does Bybit require KYC?
Yes. Bybit has required mandatory KYC for all users since March 2023.
Does BloFin require KYC?
No. BloFin allows trading and withdrawals of up to 20,000 USDT per 24 hours without KYC verification.
Does Bybit offer cashback through TetherBack?
No. Bybit is not currently a TetherBack partner exchange.
Which exchange has higher leverage?
BloFin supports leverage up to 150x on select contracts. Bybit supports up to 125x on selected USDC perpetuals and up to 100x on BTC/USDT under standard risk tiers.
Which exchange has more trading pairs?
Bybit supports 710+ perpetual pairs across USDT and USDC-margined contracts. BloFin supports 530+ USDT-M perpetual pairs.
Is BloFin or Bybit more regulated?
Bybit holds more formal regulatory licenses including VARA Dubai, Cyprus, Kazakhstan, Georgia, and EU MiCAR. BloFin holds a FinCEN MSB registration and Cayman fund license.
Glossary
Taker Fee: A fee charged when an order removes existing liquidity from the order book. BloFin's standard taker fee is 0.030%; Bybit's standard taker fee is 0.055%.
Maker Fee: A fee charged when a limit order adds liquidity to the order book. BloFin's maker fee is 0.010%; Bybit's is 0.020%.
Effective Fee Rate: The actual trading cost after rebates or cashback programs are applied. For BloFin traders using TetherBack, the effective taker fee is 0.015% after 50% cashback.
VARA: The Virtual Assets Regulatory Authority governing digital asset service providers in Dubai, UAE. Bybit holds VARA authorization.
MiCAR: The European Union's Markets in Crypto-Assets Regulation. Bybit holds MiCAR authorization through an Austrian license covering 29 EEA countries.
KYC (Know Your Customer): Identity verification required for regulatory compliance. BloFin allows trading without KYC at base level. Bybit requires mandatory KYC since March 2023.
Fireblocks: An institutional digital asset custody provider using MPC technology. BloFin partners with Fireblocks for asset custody. Bybit uses internal custody systems.
About TetherBack
TetherBack is a crypto cashback and rewards platform built for active traders who want to reduce effective trading costs. By partnering with supported exchanges, TetherBack shares a portion of trading fee revenue back to users in the form of cashback.
The platform does not hold user funds and does not operate as an exchange. Traders continue to execute trades directly on their chosen exchange while earning rewards through the partnership structure.
TetherBack focuses on cost efficiency, transparency, and providing traders with a structured way to maximize value from their existing trading activity.