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Bybit vs Nexo

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General

Platform
Bybit logo
Nexo logo
Founded
Bybit 2018
Nexo 2017
Headquarters
Bybit Signapore
Nexo Switzerland
Availability
Bybit Worldwide, excluding US
Nexo Worldwide

Fees & Financial

Bonus
Bybit
Nexo Up to $500 USDC with $50,000 deposit in a 3, 6, or 12-month Fixed Term
Token
Bybit
Nexo NEXO
Compounding
Bybit Yes
Nexo Yes
Payouts
Bybit Varies
Nexo Daily
Fees
Bybit
Nexo Limited free withdrawls per month
Lockup
Bybit Flexible to 60 days
Nexo None or 1 month
Maker Fee
Bybit 0.1
Nexo
Taker Fee
Bybit 0.1
Nexo

Cryptocurrency Rates

BTC Rate
Bybit 0.6%
Nexo 4%
BTC Max
Bybit 2.6%
Nexo 5.5%
ETH Rate
Bybit 0.5%
Nexo 5%
ETH Max
Bybit 2.5%
Nexo 6.5%
Stablecoin Rate
Bybit 8.79%
Nexo 8%

Pros

  • For daily yield products, interest compounds daily

Cons

  • Tiered interest rates

Pros

  • Good rates for all coins deposited
  • Popular platform
  • 1-5 free withdrawal per month depending on loyalty tier

Cons

  • $5,000 minimum deposit
  • Best rates require earning in NEXO token