Bybit vs eToro: fees, regulation and bonus compared
Bybit and eToro both operate in the EU, but they target a different kind of user. The facts sit side by side below — licence, founding, size and what's on offer right now — so you can choose for yourself instead of us choosing for you.
 Bybit |  eToro | |
|---|---|---|
| Licence | MiCA — FMA (Austria, 2025) | MiCA — CySEC (Cyprus) |
| Founded | 2018 | 2007 |
| Headquarters | Dubai (UAE) · EU: Vienna (Austria) | Israel · EU: Cyprus |
| Size | EU: spot, margin & Earn — no derivatives under MiCAR | 200+ crypto assets · EU via CySEC (Cyprus) |
| Current offer | €10 card bonus plus 10% cashback up to €110 | 5% in shares on what you transfer |
| Code | Not needed | Not needed |
What Bybit stands for
- Spot, staking and the Bybit Card
- Low trading fees and deep liquidity
- MiCA licence via the FMA (Austria)
€10 card bonus plus 10% cashback up to €110
View BybitWhat eToro stands for
- Crypto, stocks and ETFs in one account
- CopyTrader: follow proven investors
- MiCA licence via CySEC (Cyprus)
5% in shares on what you transfer
View eToroAffiliate links · Investing in crypto carries risk
Frequently asked questions about Bybit and eToro
Is Bybit or eToro cheaper?
It depends on the amount and on how you buy. A fixed percentage per trade is there in black and white; a price with a spread is not — it sits inside the rate you get and never appears as a separate line. So do the maths: on a €500 purchase, a difference of 0.10 percentage points is exactly 50 cents. Our fee calculator lets you enter an amount and put the rates of Bybit and eToro side by side.
Go to the fee calculator →Are Bybit and eToro both supervised in the EU?
Yes, both hold a MiCA authorisation: Bybit via FMA, eToro via CySEC. Supervision means requirements on capital, on safeguarding client assets and on handling complaints. It does not mean your money is guaranteed: crypto is not covered by any deposit guarantee scheme. And an authorisation only covers the services listed in it.
Do I need a code for Bybit or eToro?
Neither Bybit nor eToro needs a code. Look past the bonus itself, though: a one-off amount is soon overtaken by a rate charged on every single trade. What is running right now is in the table at the top of this page.
Can I open an account with both Bybit and eToro?
Yes. They are two separate accounts with two separate providers, so you can pick whichever is cheaper for each purchase. The price is two identity checks, two sets of records to pull together for your own admin, and a balance split across two parties. For small amounts that rarely outweighs the difference in fees.