Crypto Exchange comparison
Bybit vs Coinbase
The biggest practical difference between Bybit and Coinbase is regulatory footing. Coinbase Australia holds an AFSL and is AUSTRAC-registered, making it the safer choice for Australian residents who want local oversight and AUD bank transfers. Bybit offers a wider range of crypto products and lower trading fees, but operates from offshore with no AUSTRAC registration — so you're trading on an international exchange without local consumer protections.
Choose
Bybit
if…
- ›You want access to derivatives, futures, and a broader range of altcoins not available on simpler platforms
- ›You're comfortable trading on an offshore exchange and prioritise low trading fees over local regulation
- ›You want a demo account to test strategies before committing real funds
- ›You need a desktop trading platform with advanced charting and order types
- ›You plan to use peer-to-peer fiat or third-party gateways rather than direct AUD bank transfers
Choose
Coinbase
if…
- ›You want a regulated Australian exchange with an AFSL and AUSTRAC registration for peace of mind
- ›You want to deposit AUD directly via PayID, Osko, or bank transfer with same-day settlement
- ›You need a CGT calculator and tax reporting built into the platform
- ›You're setting up a trust or SMSF account — Coinbase supports these, Bybit doesn't
- ›You want phone support as an option alongside 24/7 live chat
Where they differ
| Fact | Bybit | Coinbase |
|---|---|---|
| AUSTRAC registration | No | Yes |
| AUD deposit methods | Third-party fiat gateways only (Banxa, Mercuryo, MoonPay) or P2P | PayID, Osko, bank transfer, debit card |
| CGT calculator / tax report | Not available | Built-in CGT calculator and report |
| Account types | Individual and company only | Individual, company, trust, and SMSF |
| Desktop platform | Yes (full desktop app) | No (web and mobile only) |
Verdict
Choose Bybit for advanced crypto trading and low fees; choose Coinbase for regulated, AUD-friendly investing with tax tools built in.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bybit | Coinbase |
|---|---|---|
| account structure | ||
| 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 | — | No |
| ASX ETFs supported | — | No |
| US shares supported | — | No |
| US ETFs supported | — | No |
| Other markets supported | — | |
| Fractional shares (ASX) | — | No |
| Fractional shares (US) | — | No |
| Options trading | — | No |
| CFDs supported | — | No |
| Crypto trading | Yes | Yes |
| Managed funds | — | No |
| Bonds supported | — | No |
| IPO access | No | No |
| costs hidden | ||
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| Monthly platform fee | $0/month | — |
| Annual platform fee | $0/year | — |
| Inactivity fee | $0 | — |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | Bybit Fintech Limited | Coinbase Australia Pty Ltd |
| AFSL number | — | 569,752 |
| AUSTRAC registration | No | Yes |
| Year founded | 2,018 | 2,012 |
| Parent / ownership | Bybit Fintech Limited (privately held; founded and led by Ben Zhou) | Coinbase Global, Inc. (NASDAQ: COIN) |
| Country of incorporation | SC | AU |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | — | $0 |
| Minimum subsequent purchase | — | $2 |
| 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) | PayID, Osko, Domestic bank transfer (BSB/Account), Debit card |
| Withdrawal time | AUD bank withdrawals not supported; crypto withdrawals processed typically within minutes once approved (subject to network confirmation) | Same day to 1 business day (PayID/Osko typically within minutes; first withdrawal may take longer for security checks) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | No |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator | authenticator |
| Customer support channels | 24/7 live chat, email/ticket, help center, in-app support | Live chat (24/7), Phone support, Email, Help Centre |
| Support hours (AU time) | 24/7 (live chat); email tickets responded in 1-3 business days | 24/7 (live chat and phone) |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | No | No |
| CGT calculator / report | No | Yes |
| Sharesight / Navexa integration | Yes | Yes |
| 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 |
| After-hours / overnight trading | Yes | Yes |