Bybit vs Crypto.com
The biggest practical difference between Bybit and Crypto.com is regulatory footing in Australia. Crypto.com holds an AFSL and is AUSTRAC-registered, while Bybit is not registered with AUSTRAC at all. That means Crypto.com is the safer bet if you want a locally regulated exchange with direct AUD deposit options like PayID.
- ›You want a demo account to practise trading before committing real funds
- ›You trade derivatives or use advanced conditional order strategies — Bybit is built for active crypto traders
- ›You prefer a platform with a wider global footprint and don't mind using third-party fiat gateways
- ›You want peer-to-peer fiat trading as an alternative deposit method
- ›You want to deposit AUD directly via PayID or bank transfer (NPP) without third-party gateways
- ›You value local regulation — Crypto.com holds an AFSL and is AUSTRAC-registered
- ›You want phone support (available for cardholders) in addition to 24/7 live chat
- ›You want free research reports included with the platform
- ›You prefer a more sophisticated auto-invest feature that supports multiple asset levels
Where they differ
| Fact | Bybit | Crypto.com |
|---|---|---|
| AUSTRAC registration | No | Yes |
| AFSL holder | No | Yes (467462) |
| AUD deposit methods | Third-party fiat gateway only (Banxa, Mercuryo, MoonPay) | PayID, bank transfer (NPP), debit/credit card, Apple Pay, Google Pay |
| Demo account | Yes | No |
| Free research reports | No | Yes |
Choose Bybit for advanced crypto trading tools and a demo account; choose Crypto.com for local regulation and easy AUD deposits.
Common questions
How do Bybit and Crypto.com compare on austrac registration?
Bybit: No. Crypto.com: Yes.
How do Bybit and Crypto.com compare on afsl holder?
Bybit: No. Crypto.com: Yes (467462).
How do Bybit and Crypto.com compare on aud deposit methods?
Bybit: Third-party fiat gateway only (Banxa, Mercuryo, MoonPay). Crypto.com: PayID, bank transfer (NPP), debit/credit card, Apple Pay, Google Pay.
When is Bybit the better choice over Crypto.com?
Pick Bybit if you want a demo account to practise trading before committing real funds; you trade derivatives or use advanced conditional order strategies — Bybit is built for active crypto traders; you prefer a platform with a wider global footprint and don't mind using third-party fiat gateways; or you want peer-to-peer fiat trading as an alternative deposit method.
When is Crypto.com the better choice over Bybit?
Pick Crypto.com if you want to deposit AUD directly via PayID or bank transfer (NPP) without third-party gateways; you value local regulation — Crypto.com holds an AFSL and is AUSTRAC-registered; you want phone support (available for cardholders) in addition to 24/7 live chat; or you want free research reports included with the platform.
Bybit or Crypto.com — what's the verdict?
Choose Bybit for advanced crypto trading tools and a demo account; choose Crypto.com for local regulation and easy AUD deposits.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bybit | Crypto.com |
|---|---|---|
| account structure | ||
| Individual account | Yes | Yes |
| Joint account | No | No |
| Company account | Yes | Yes |
| Trust account | No | — |
| SMSF account | No | — |
| 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 | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | — |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | Bybit Fintech Limited | Foris DAX AU Pty Ltd |
| AFSL number | — | 467,462 |
| AUSTRAC registration | No | Yes |
| Year founded | 2,018 | 2,016 |
| Parent / ownership | Bybit Fintech Limited (privately held; founded and led by Ben Zhou) | Foris DAX MT (Malta) Limited (ultimate parent of the Foris DAX / Crypto.com group); Australian entities Foris DAX AU Pty Ltd and Foris GFS Australia Pty Ltd |
| Country of incorporation | SC | AU |
| Public company status | private | private |
| money movement | ||
| Minimum initial deposit | — | $0 |
| Minimum subsequent purchase | — | $1 |
| 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, Bank transfer (NPP), Debit card, Credit card, Apple Pay, Google Pay, Crypto deposit |
| Withdrawal time | AUD bank withdrawals not supported; crypto withdrawals processed typically within minutes once approved (subject to network confirmation) | Typically near-instant via PayID/NPP; up to 1-2 business days for standard bank transfer |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | Yes |
| Demo account | Yes | No |
| Free real-time market data | Yes | Yes |
| Free research reports | No | Yes |
| 2FA support | authenticator | authenticator |
| Customer support channels | 24/7 live chat, email/ticket, help center, in-app support | Live chat (24/7 in-app & web), Email, Phone (cardholders only), Help centre, Social media |
| Support hours (AU time) | 24/7 (live chat); email tickets responded in 1-3 business days | 24/7 |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | No | No |
| CGT calculator / report | No | No |
| 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 |