Phemex vs Bybit

Compare rates, fees, access, and key features side by side.

Phemex

Quick takePhemex offers Flexible Savings and a separate lending pool where supplied assets earn interest from borrowers. Flexible Savings can be redee...

Score4.3

Visit Site Review

Bybit

Quick takeBybit Earn spans flexible and fixed savings, onchain staking, and higher-risk structured products. Easy Earn is the most direct yield produc...

Score4.2

Visit Site Review

Comparison

General

Platform

Phemex

Bybit

Founded

Phemex2019

Bybit2018

Headquarters

PhemexSingapore

BybitSingapore

Availability

PhemexRestricted in the U.S., UK, Australia and other listed jurisdictions; Canadian restrictions include Ontario, Quebec, Alberta and Saskatchewan.

BybitWorldwide, excluding US

Fees & Financial

Bonus

Phemex$20 bonus

BybitGet $20 in BTC with $100 deposit, use code COINTEREST

Token

Phemex

Bybit

Compounding

PhemexNo

BybitYes

Payouts

Phemex

BybitVaries

Fees

Phemex

Bybit

Lockup

Phemex

BybitFlexible to 60 days

Maker Fee

Phemex0.1

Bybit0.1

Taker Fee

Phemex0.1

Bybit0.1

Cryptocurrency Rates

BTC Rate

Phemex1%

Bybit0.4%

BTC Max

Phemex3%

Bybit

ETH Rate

Phemex1.5%

Bybit0.8%

ETH Max

Phemex3%

Bybit

Stablecoin Rate

Phemex2%

Bybit3.5%

Phemex

Review

Pros

Flexible Savings permits redemption without a lockups
Auto-Transfer can allocate eligible idle balances automatically

Cons

KYC is required
Phemex does not serve U.S. customers

Bybit

Review

Pros

Flexible and fixed Easy Earn products cover multiple assets and term preferences.
Flexible yield is credited daily, and Auto-Earn can deploy eligible idle balances.
The product screen identifies whether yield comes from lending or a wealth-management strategy.

Cons

Bybit does not serve U.S. residents and excludes several other jurisdictions.
Flexible rates can be tiered and change frequently; fixed products may restrict early redemption.
The Earn menu mixes savings, onchain staking, and structured products with materially different risks.