Bybit vs eToro
Bybit is a pure crypto exchange built for active traders, while eToro is a multi-asset platform that adds ASX shares, US stocks and ETFs alongside crypto. The biggest practical difference: eToro is ASIC-regulated with an AFSL and AUSTRAC registration, whereas Bybit has no Australian regulatory registration at all. That shapes everything from account types to tax reporting and investor protections.
- ›You want a dedicated crypto exchange with advanced order types and 24/7 trading — no fiat gateways, just crypto-native deposits and withdrawals
- ›You need a demo account and desktop platform for serious charting and analysis
- ›You don't mind the absence of Australian tax statements or CGT reports and prefer to handle that yourself via Sharesight/Navexa integration
- ›You trade high volumes and want zero inactivity fees with no minimum deposit requirements
- ›You're comfortable trading on an offshore entity (Bybit Fintech Limited) without Australian regulatory oversight
- ›You want a single platform for ASX shares, US stocks, ETFs and crypto — all under one login
- ›You need an Australian-regulated broker (AFSL 491139, AUSTRAC-registered) with CHESS-adjacent custody and an Australian-incorporated entity
- ›You value automated tax reporting — eToro provides an Australian tax statement and a CGT calculator natively
- ›You want to deposit and withdraw in AUD via bank transfer, PayPal, credit card or POLi, not just crypto
- ›You want auto-invest at a portfolio level (multiple assets) rather than just single-asset DCA
Where they differ
| Fact | Bybit | eToro |
|---|---|---|
| Regulatory status | No AUSTRAC registration; offshore entity | AFSL 491139, AUSTRAC-registered, Australian-incorporated |
| Account types | Individual + company only | Individual, company, trust, SMSF |
| Australian tax statement | Not provided | Provided |
| Deposit methods | Crypto deposit, third-party fiat gateways, P2P | Bank transfer, debit/credit card, PayPal, Skrill, POLi, online banking |
| Inactivity fee | $0 | $10 AUD |
Choose Bybit for pure crypto trading; choose eToro if you want ASX shares, ETFs and crypto in one regulated, tax-friendly account.
Common questions
How do Bybit and eToro compare on regulatory status?
Bybit: No AUSTRAC registration; offshore entity. eToro: AFSL 491139, AUSTRAC-registered, Australian-incorporated. eToro is the only one with formal Australian regulatory oversight.
How do Bybit and eToro compare on account types?
Bybit: Individual + company only. eToro: Individual, company, trust, SMSF. eToro supports SMSF and trust accounts; Bybit does not.
How do Bybit and eToro compare on australian tax statement?
Bybit: Not provided. eToro: Provided. eToro generates an Australian tax statement and CGT report natively.
When is Bybit the better choice over eToro?
Pick Bybit if you want a dedicated crypto exchange with advanced order types and 24/7 trading — no fiat gateways, just crypto-native deposits and withdrawals; you need a demo account and desktop platform for serious charting and analysis; you don't mind the absence of Australian tax statements or CGT reports and prefer to handle that yourself via Sharesight/Navexa integration; or you trade high volumes and want zero inactivity fees with no minimum deposit requirements.
When is eToro the better choice over Bybit?
Pick eToro if you want a single platform for ASX shares, US stocks, ETFs and crypto — all under one login; you need an Australian-regulated broker (AFSL 491139, AUSTRAC-registered) with CHESS-adjacent custody and an Australian-incorporated entity; you value automated tax reporting — eToro provides an Australian tax statement and a CGT calculator natively; or you want to deposit and withdraw in AUD via bank transfer, PayPal, credit card or POLi, not just crypto.
Bybit or eToro — what's the verdict?
Choose Bybit for pure crypto trading; choose eToro if you want ASX shares, ETFs and crypto in one regulated, tax-friendly account.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Bybit | eToro |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | custodian |
| Individual HIN | — | No |
| 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 | — | Yes |
| ASX ETFs supported | — | Yes |
| US shares supported | — | Yes |
| US ETFs supported | — | Yes |
| Other markets supported | — | United States, United Kingdom, Germany, France, Hong Kong, Italy, Spain, Netherlands, Sweden, Belgium, Denmark, Norway, Finland, Switzerland, Portugal |
| Fractional shares (ASX) | — | Yes |
| Fractional shares (US) | — | Yes |
| Options trading | — | No |
| CFDs supported | — | Yes |
| Crypto trading | Yes | Yes |
| Managed funds | — | No |
| Bonds supported | — | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.75% |
| Holds USD account | — | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | — | eToro passes through cash dividends from non-leveraged real positions (debit/credit to wallet). It does not facilitate participation in rights issues, share purchase plans (SPPs), DRPs or shareholder votes because shares are held in a managed investment scheme by the custodian, not in the user's name. No explicit fee, but corporate action access is materially restricted. |
| costs visible | ||
| ASX brokerage minimum | — | $0 |
| ASX brokerage percentage | — | 0% |
| ASX free trade conditions | — | Zero commission applies to all non-leveraged (real) ASX share and ETF purchases. Leveraged / short positions are executed as CFDs and incur 0.15% open/close spread plus overnight financing. |
| US brokerage minimum | — | US$0 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $0 | $10 |
| Withdrawal fee (AUD) | — | $0 |
| identity and trust | ||
| Legal entity name | Bybit Fintech Limited | eToro AUS Capital Limited |
| AFSL number | — | 491,139 |
| AUSTRAC registration | No | Yes |
| Year founded | 2,018 | 2,017 |
| Parent / ownership | Bybit Fintech Limited (privately held; founded and led by Ben Zhou) | eToro Group Ltd (NASDAQ: ETOR) — listed 14 May 2025; originally founded in Israel by Yoni and Ronen Assia. eToro AUS Capital Limited is a wholly-owned Australian subsidiary. |
| Country of incorporation | SC | Australia |
| Public company status | private | public |
| money movement | ||
| Minimum initial deposit | — | $50 |
| Minimum subsequent purchase | — | $50 |
| 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) | Bank transfer, Debit card, Credit card, PayPal, Skrill, Neteller, POLi, Online banking |
| Settlement period | — | T+2 ASX, T+1 US (settlement managed by the eToro Service custodian; user funds reflect immediately in eToro wallet) |
| Withdrawal time | AUD bank withdrawals not supported; crypto withdrawals processed typically within minutes once approved (subject to network confirmation) | 1-2 business days for eToro processing; total 2-10 business days end-to-end depending on payment method (bank transfer longer than card) |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | Yes | No |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | Yes |
| Free research reports | No | No |
| 2FA support | authenticator | SMS + authenticator app |
| Customer support channels | 24/7 live chat, email/ticket, help center, in-app support | Live chat (Club members only), Email / web ticket, Help centre |
| Support hours (AU time) | 24/7 (live chat); email tickets responded in 1-3 business days | — |
| Education content | video + courses | video + courses |
| tax and reporting | ||
| Australian tax statement | No | Yes |
| CGT calculator / report | No | Yes |
| Sharesight / Navexa integration | Yes | No |
| 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 |
| DRP (dividend reinvestment) | — | No |
| After-hours / overnight trading | Yes | No |