Bybit scores 34 points above Gemini, led by trading cost and withdrawal track record. Bybit ranks #1 and Gemini #14 of 17 published exchanges. Every term of the gap is on the ledger below; the inputs are on the audit receipt.
Bybit81
vs
Gemini47
Scores are out of 100; published scores fall within 41–99 · ranks #1 and #14 of 17
Published gapAfter score rounding and bounds — see the note below8147+34.0
Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.
BybitScore 81Derivatives-heavy global exchange that survived the February 2025 theft of over 400,000 ETH and stETH (worth more than $1.4 billion, in its own announcement) with same-day self-disclosure, open withdrawals and monthly Hacken proof-of-reserves — now two-entity: MiCA-licensed Bybit EU GmbH for the EEA, and for everyone else an offshore entity, Bybit Technology Limited, whose Platform Terms (effective 2 September 2026) hold assets in an omnibus account and say nothing about insolvency.Strength: Withdrawal incident record — 9/10Watch-out: The protections are entity-split and the good half is the small half: an EEA buyer gets Bybit EU GmbH with MiCA segregation and an explicit 'will not use Custody Assets' clause, but every other buyer contracts with Bybit Technology Limited, whose Platform Terms (effective 2 September 2026, read on 2026-09-29) hold your coins in an 'omnibus user account', say nothing about segregation or what happens to them in an insolvency, let the company freeze the account 'at any time and at our sole discretion', and allow larger withdrawals to take up to thirty days.GeminiScore 47NYDFS-chartered trust-company exchange with best-in-pool custody law and the pool's highest published base fees — now retrenched to the US (plus Singapore) after self-disclosed exits from the UK, EEA and Australia in early 2026.Strength: Insolvency and account terms — 8/10Watch-out: The account can be closed out from under you by geography: Gemini gave every UK, EEA and Australian customer roughly a month from announcement (2026-02-02) to forced withdrawal-only (2026-03-05), and Gemini says it 'ceased operations in the UK and Europe' from 6 April 2026 — and for those who stay, the default interface never publishes what a trade costs until the review screen, while the pro book starts at the pool's highest base rate (0.60%/1.20%) until you clear $10K of 30-day volume or hold a $1M asset balance.
Quick facts
At a glance
1 of 3 rows read the same for both.
FactBybitGemini
Pro taker feeSnapshotAn EEA reader contracts with Bybit EU GmbH, whose fee page (https://www.bybit.eu/en-EU/fee/spot, re-read 3 November 2026) charges a "Regular User" on "Fiat Pairs" (a EUR purchase) "0.15%" / "0.2%" (maker / taker) under "<100,000" USD of 30-day volume, and "0.1%" / "0.1%" on "Crypto Pairs"; the 28 October 2026 read printed "0.25%" / "0.25%". Everyone else: Bybit Trading Fee Structure, re-read 28 October 2026 and read 29 September 2026 at https://www.bybit.com/en/help-center/article/Trading-Fee-Structure ("Last updated on 2026-09-02 01:17:46"). Spot (crypto-crypto) taker / maker: "VIP 0" "0.1000%" / "0.1000%"; "VIP 1" "0.0800%" / "0.0675%"; "Supreme VIP" "0.0450%" / "0.0300%". Perpetual & futures: "VIP 0" "0.0550%" / "0.0200%", down to "Supreme VIP" "0.0300%" / "0.0000%". Tier rule: "The VIP level is determined based on either your asset balance or your trading volume over the past 30 days, whichever qualifies you for the higher tier."; VIP 1 needs an asset balance of "≥ 100K" or 30-day spot volume of "≥ 1M". Fiat-crypto spot pairs cost more: "VIP 0" "<100,000" "0.2000%" / "0.1500%". Page caveat: "the actual fee rates may vary depending on your region." Retail One-Click Buy by card (https://www.bybit.com/en/help-center/article/FAQ-Bank-Card-Payments): EU Visa/Mastercard "1.1%"; non-EU Visa "3.05%"; non-EU Mastercard "2.7%"; Apple Pay "1.8% + 0.24 EUR fixed cost". Fiat exit, Sell Crypto (https://www.bybit.com/en/help-center/article/FAQ-One-Click-Buy, "Last updated on 2026-09-28 02:47:20"): EUR "2.1% + 5 EUR fixed cost"; USD "2.2% + 10 USD fixed cost".Gemini ActiveTrader Fee Schedule, read 29 September 2026 at https://www.gemini.com/fees/activetrader-fee-schedule (dated "September 1, 2026"; "The following terms apply to all orders placed via the ActiveTrader and exchange API interfaces."). Spot maker / taker by 30-day volume or asset balance: "≥ $0" "0.600%" / "1.200%"; "$10K" (or "$1M" balance) "0.400%" / "0.800%"; "$25K" (or "$5M") "0.250%" / "0.500%"; "$75K" (or "$15M") "0.125%" / "0.250%"; "$250K" (or "$25M") "0.075%" / "0.150%"; "$500K" "0.060%" / "0.125%"; "$1M" "0.050%" / "0.100%"; down to "$250M" "0.000%" / "0.020%". Tier rule: "Your fee tier is based on either your total trailing 30-day trading volume across all order books (excluding volume traded on stablecoin pairs) or your total asset balance (in USD)." Stablecoins: "RLUSD/USD, USDC/GUSD, and GUSD/USD pairs" "0.00%" / "0.00%"; "All other stablecoin pairs" "0.00%" / "0.01%". Default Gemini interface (https://www.gemini.com/fees/gemini-fee-schedule, dated "February 15, 2026") publishes no number: "You can view the fees in the trade review screen prior to confirming your transaction." and "When you place an Instant order or a Recurring order, Gemini includes a spread in the quoted price." Transfers (https://www.gemini.com/fees/transfer-fee-schedule, dated "January 20, 2026"): ACH deposit and withdrawal "Free"; USD wire withdrawal "$25"; debit card "3.49% of total purchase amount"; PayPal "2.50% of total deposit amount"; crypto withdrawal fees are dynamic and "will be displayed to you prior to the initiation of your withdrawal."
Asset coverageEditorial——
Region fitSnapshoteurope, asia, latamus, asia
From the published criteria
Which should you pick?
Bybit
81#1 of 17
Leads
Pick it when
Pick Bybit if trading cost matters most — it scores 7/10 to Gemini's 5/10 there (weight 30).
Strength
Withdrawal incident record — 9/10
Tradeoff
The protections are entity-split and the good half is the small half: an EEA buyer gets Bybit EU GmbH with MiCA segregation and an explicit 'will not use Custody Assets' clause, but every other buyer contracts with Bybit Technology Limited, whose Platform Terms (effective 2 September 2026, read on 2026-09-29) hold your coins in an 'omnibus user account', say nothing about segregation or what happens to them in an insolvency, let the company freeze the account 'at any time and at our sole discretion', and allow larger withdrawals to take up to thirty days.
Gemini
47#14 of 17
Pick it when
Pick Gemini if licence coverage matters most — it scores 7/10 to Bybit's 6/10 there (weight 24).
Strength
Insolvency and account terms — 8/10
Tradeoff
The account can be closed out from under you by geography: Gemini gave every UK, EEA and Australian customer roughly a month from announcement (2026-02-02) to forced withdrawal-only (2026-03-05), and Gemini says it 'ceased operations in the UK and Europe' from 6 April 2026 — and for those who stay, the default interface never publishes what a trade costs until the review screen, while the pro book starts at the pool's highest base rate (0.60%/1.20%) until you clear $10K of 30-day volume or hold a $1M asset balance.
Self-identify in 10 seconds
Which one is actually for you?
BybitLeads
Choose Bybit if trading cost matters most
Trading cost: 7/10 against 5/10 for Gemini (weight 30)
Withdrawal track record: 9/10 against 6/10 for Gemini (weight 28)
BybitScore 81Derivatives-heavy global exchange that survived the February 2025 theft of over 400,000 ETH and stETH (worth more than $1.4 billion, in its own announcement) with same-day self-disclosure, open withdrawals and monthly Hacken proof-of-reserves — now two-entity: MiCA-licensed Bybit EU GmbH for the EEA, and for everyone else an offshore entity, Bybit Technology Limited, whose Platform Terms (effective 2 September 2026) hold assets in an omnibus account and say nothing about insolvency.Strength: Withdrawal incident record — 9/10Watch-out: The protections are entity-split and the good half is the small half: an EEA buyer gets Bybit EU GmbH with MiCA segregation and an explicit 'will not use Custody Assets' clause, but every other buyer contracts with Bybit Technology Limited, whose Platform Terms (effective 2 September 2026, read on 2026-09-29) hold your coins in an 'omnibus user account', say nothing about segregation or what happens to them in an insolvency, let the company freeze the account 'at any time and at our sole discretion', and allow larger withdrawals to take up to thirty days.
Gemini
Choose Gemini if licence coverage matters most
Licence coverage: 7/10 against 6/10 for Bybit (weight 24)
Asset protection: 8/10 against 5/10 for Bybit (weight 18)
GeminiScore 47NYDFS-chartered trust-company exchange with best-in-pool custody law and the pool's highest published base fees — now retrenched to the US (plus Singapore) after self-disclosed exits from the UK, EEA and Australia in early 2026.Strength: Insolvency and account terms — 8/10Watch-out: The account can be closed out from under you by geography: Gemini gave every UK, EEA and Australian customer roughly a month from announcement (2026-02-02) to forced withdrawal-only (2026-03-05), and Gemini says it 'ceased operations in the UK and Europe' from 6 April 2026 — and for those who stay, the default interface never publishes what a trade costs until the review screen, while the pro book starts at the pool's highest base rate (0.60%/1.20%) until you clear $10K of 30-day volume or hold a $1M asset balance.
Criterion by criterion
Scorecard
Published criteria · weight in points of 868 of 8 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology
Trading cost
by 2 of 10weight 7.2 of 86Bybit leads
Bybit7/10 out of 10
Gemini5/10 out of 10
Withdrawal track record
by 3 of 10weight 6.7 of 86Bybit leads
Bybit9/10 out of 10
Gemini6/10 out of 10
Licence coverage
by 1 of 10weight 5.8 of 86Gemini leads
Bybit6/10 out of 10
Gemini7/10 out of 10
Asset protection
by 3 of 10weight 4.3 of 86Gemini leads
Bybit5/10 out of 10
Gemini8/10 out of 10
Score dimensions
weights sum to 86
The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.
Availabilityweight 20 of 86
Bybit12/20Gemini11/20
Bybit leads
Published criteriaweight 30 of 86
Bybit16.7/30Gemini15.1/30
Bybit leads
Frictionweight 10 of 86 · constant here
Bybit2.7/10Gemini2.7/10
Tie
Trust recordweight 8 of 86 · constant here
Bybit3.2/8Gemini3.2/8
Tie
Measured dataweight 18 of 86
Bybit13.2/18Gemini2.8/18
Bybit leads
Decision rulePublished order
Choose Bybit unless the term Gemini leads on is the one you are buying.
Pick Gemini if licence coverage matters most — it scores 7/10 to Bybit's 6/10 there (weight 24).
The published order weighs every criterion the same way for everyone. To weigh them your way, run .
From the published order
Next best action
If this isn't your case
Other matchups worth comparing
How you can lose money here, and what the ranking scores
Custody failure: whoever holds the assets loses or withholds them.
Scored by When this venue broke, did people get their money out — and how would I know? · 28% (Bybit 9/10, Gemini 6/10)
Insolvency failure: the firm or issuer that owes you cannot pay.
Scored by If this exchange fails — or freezes me — are the coins legally mine, and on whose terms? · 18% (Bybit 5/10, Gemini 8/10)
Regulatory failure: no licence where you are, or a forced market exit.
Scored by Whose licence actually covers me in my country — and can I find it on the register? · 24% (Bybit 6/10, Gemini 7/10)
Not assessed by this ranking: Control failure, Liveness failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Also scored, as cost, quality or a summary of several families: What will I actually pay here at my volume — including the spread they don't print? (30%).
Questions
Frequently asked questions
Bybit scores 34 points above Gemini, led by trading cost and withdrawal track record. Published scores, out of 100: Bybit 81 (rank 1 of 17 exchanges), Gemini 47 (rank 14 of 17).
ReviewedRe-read in progressOverdue; re-read by 10 November 2026.Methodology v2026.10.18
How this page is reviewed
Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
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