Cryptocurrency adoption in Pakistan is at an all-time high. According to the newly formed Pakistan Crypto Council (PCC), more than 40 million Pakistanis are using digital assets in 2025, contributing to an estimated US $300 billion in annual trading volume. With such massive growth, the biggest question for traders is simple: Which is the best trading platform in Pakistan?

For most users, this debate comes down to Bybit vs Binance. Both are global giants, both are popular in Pakistan, and both offer unique features. But which one is truly better for Pakistani traders in 2025? Let’s get started.

Why Pakistani Traders Care About the Best Trading Platform

The search for the best trading platform in Pakistan is not just about convenience. It’s about fees, safety, and long-term growth. With crypto adoption rising fast, many users want platforms that give them easy access to global markets while also staying compliant with evolving local regulations.

Pakistan’s regulatory landscape has also changed. In March 2025, the Pakistan Crypto Council (PCC) was launched to oversee industry development and provide recommendations for safer trading practices. This means platforms like Bybit and Binance will need to adapt to meet local expectations.

For traders, choosing between these two exchanges can make the difference between saving thousands in fees, accessing better tools, or risking funds with weaker security.

Overview of Both Exchanges

Before comparing features, let’s take a quick look at each exchange.

Bybit

Bybit was founded in 2018 and is headquartered in Dubai. It is widely known for derivatives trading but has expanded into spot markets, copy trading, and even NFTs. Bybit currently records $5.9 billion in daily spot trading volume (July 2025), making it one of the top five global exchanges.

For Pakistani traders, Bybit offers optional KYC, easy registration, and access to advanced trading tools without being overly complex.

Binance

Binance is the world’s largest exchange by volume. In July 2025, it captured 39.8% of the global spot market share with $698 billion in volume. This sheer dominance shows how deeply Binance is integrated into global crypto trading.

Binance is also more than just an exchange; it’s an ecosystem. From futures and staking to a launchpad for new tokens, Binance provides nearly everything a trader could want.

Fees and Trading Costs

One of the most important things Pakistani traders look for when comparing Bybit vs Binance is cost.

• Binance Fees
   Binance charges 0.10% spot trading fees for both makers and takers. However, if you pay fees using Binance Coin (BNB), you get a 25% discount. This makes Binance one of the cheapest options, especially for frequent traders.
  
  
• Bybit Fees
   Bybit’s fee structure is also competitive. Spot trading fees are 0.10% for regular users, while futures contracts charge just 0.01% (maker) and 0.06% (taker). For futures traders, Bybit is often cheaper than Binance.
  

If your focus is futures or margin trading, Bybit may save you more. But for spot trading and long-term investing, Binance remains highly cost-effective—especially if you use BNB.

Features and Products

When we compare bybit vs binance, features play a big role.

• Bybit Features
  Bybit shines with its derivatives market, offering futures contracts with high liquidity. It also provides copy trading, which is perfect for beginners who want to follow expert strategies. Other features include trading bots, an NFT marketplace, and flexible KYC rules that appeal to Pakistani users.
  
  
• Binance Features
  Binance is in a league of its own when it comes to variety. It has spot trading, futures, staking, NFT marketplace, and advanced tools like Grid Bot, Auto-Invest, and Megadrop. Binance also runs Launchpool and Launchpad, giving early access to new crypto projects.
  

If you want a simple yet powerful trading experience, Bybit is a solid choice. But if you want access to the broadest ecosystem in crypto, Binance easily wins.

Security and Reliability

Security is the number one concern for crypto users in Pakistan.

• Bybit Security
  Bybit was hit by the largest crypto hack in history in February 2025, with $1.4 billion stolen. To its credit, the platform covered losses from its reserves within 72 hours and restored user confidence. Still, this event remains fresh in traders’ minds.
  
  
• Binance Security
  Binance hasn’t been free of security challenges either, but it has built strong protection systems. Its SAFU (Secure Asset Fund for Users) insurance fund is worth over $1 billion, offering peace of mind in case of emergencies.
  

Between the two, Binance currently feels more reliable, but Bybit’s quick recovery also proves its resilience.

Usability and Support for Pakistani Traders

Pakistani traders often face payment and support issues, so usability matters.

• Binance in Pakistan
  Binance supports a wide range of fiat options, including P2P (peer-to-peer) trading for local bank transfers, Easypaisa, and JazzCash. Customer support is fast, multilingual, and accessible.
  
  
• Bybit in Pakistan
  Bybit has an easy-to-use interface and strong trading tools. However, its fiat support is limited compared to Binance, and users often rely on third-party services to deposit or withdraw funds. Customer support is available but may feel slower than Binance.
  

For everyday users in Pakistan, Binance provides a smoother experience.

Regulation and Legality in Pakistan

Crypto regulation in Pakistan is still evolving. With the launch of the Pakistan Crypto Council (PCC) in March 2025, there is hope for clearer frameworks in the near future.

Both Bybit and Binance remain accessible from Pakistan without strict local restrictions. However, users are encouraged to follow PCC guidelines and use secure wallets for long-term storage.

For now, both exchanges operate in a gray zone but Binance’s stronger compliance history may give it an edge when regulations tighten.

Pros and Cons — Bybit vs Binance

Let’s break it down clearly for Pakistani traders.

Bybit
Pros:

• Lower futures trading fees
  
  
• Easy copy trading feature
  
  
• Simple, user-friendly interface
  
  
• Optional KYC flexibility
  
  

Cons:

• Limited fiat support in Pakistan
  
  
• Major hack in 2025 (though recovered quickly)
  
  
• Smaller ecosystem compared to Binance
  
  

Binance
Pros:

• Largest exchange by global volume
  
  
• Wide range of tools and products
  
  
• Low spot fees, discounts with BNB
  
  
• Strong security fund (SAFU)
  
  
• Excellent P2P support for Pakistan
  
  

Cons:

• Can feel complex for beginners
  
  
• Requires KYC for full access

Final Verdict: Which Is Better for Pakistani Traders?

The Bybit vs Binance debate comes down to your personal trading style.

If you are a beginner or someone focused on futures trading with low fees, Bybit is an excellent choice. Its copy trading feature also helps new users get started without needing years of experience.

But if you want a complete ecosystem with spot trading, futures, staking, NFTs, launchpads, and strong fiat support, Binance is the best trading platform in Pakistan. Its size, security, and variety make it hard to beat.

Start your journey today: Sign up on Binance or Bybit, compare their features, and choose the best trading platform in Pakistan for your goals. Need any updated news? visit Kryptoinsides.