As the use of cryptocurrency in Myanmar increases in 2025, which platform between Binance and Bybit offers better trading fees, security, and trading opportunities? To answer this question, I have tested both exchanges by purchasing $100 worth of cryptocurrency to evaluate the ease of use of fees, security, and trading features.
In my experience, Binance is a better choice for Myanmar users due to its wider ecosystem, robust security system, and user-friendly tools. Let's take a closer look at the differences between Binance and Bybit.
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Cryptocurrency pairs supported
Binance has over 350 cryptocurrencies, including Megadrop Projects and Launchpool Tokens, offering a wide range of options.
Bybit has over 300 cryptocurrencies, but Binance is not as abundant.
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Trading Fees
Binance's Spot Trading Fee is 0.1%, and those holding BNB can reduce fees. Occasionally, there are Zero-Fee Trading Events.
Bybit's Spot Trading Fee is also 0.1%, but it does not have a Fee reduction system like Binance.
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Platform Security
Binance has 2FA (Two-Factor Authentication), SAFU Insurance Fund, Withdrawal Whitelist, and Anti-Phishing Code.
Bybit has 2FA and Withdrawal Protection, but does not have a SAFU-like Insurance Fund.
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Ease of buying cryptocurrency
Binance offers tools such as P2P Marketplace, Instant Convert Feature, and Recurring Buy, making it particularly convenient for beginners.
Bybit has Fiat Onramp and Spot Trading, but does not yet have features like Instant Convert and Recurring Buy.
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Customer Service
Binance has 24/7 Live Chat Support, Myanmar Telegram & Facebook Groups, and assistance is available in the Myanmar language.
Bybit has 24/7 support, but assistance in the Myanmar language is still lacking.
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Other Features
Binance offers many features such as Megadrop, Launchpool, Binance Earn, Copy Trading, and Binance Alpha.
Bybit has features like Earn Program, Trading Bots, Launchpad, but it does not match Binance's completeness.
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Trial of buying crypto with $100
â Binance â Buy USDT through P2P and instantly convert to BTC through Binance Convert, no additional fees, can add Recurring Buy.
â Bybit â Buying USDT with Bank Card and buying BTC through Spot Trading takes 10 minutes, has additional fees, and lacks Convert Feature.
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Why is Binance better for Myanmar users?
â SAFU Insurance and security
â Tools convenient for beginners such as P2P, Convert, Recurring Buy
â More opportunities such as Megadrop, Launchpool, Copy Trading
â Support in the Myanmar language
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To open a Binance account, there is a 20% discount discount link đ
Conclusion
Bybit excels in derivatives trading interface, but for most from Myanmar, Binance is more suitable. Due to security, convenience, support in the Myanmar language, and many other features, it could be the best cryptocurrency exchange for the year 2025.
#Binance #Bybit #Cryptotrading2025
Note: This article is based on my personal experience and independent review. Cryptocurrency trading involves various risks, so please do your own research before investing.