Is Bybit a safer option for trading than Coinbase?
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Tbh, both are solid, but they kinda serve different types of users.
Coinbase is more βmainstream,β ya know? Itβs based in the U.S., super regulated, and itβs great for beginners who just wanna buy crypto with a few taps. So yeah, itβs pretty safe in terms of compliance and all that. But they do ask for a lot of KYC stuff and sometimes freeze accounts for βsecurity checks,β which can be annoying.
Bybit, on the other hand, is more for people who are into trading β like futures, leverage, and all the spicy stuff. Itβs based offshore (not in the U.S.), so it’s less regulated but also gives you more freedom. Itβs got solid security features, and a lot of pro traders use it. But yeah, since itβs not under strict U.S. laws, you kinda gotta trust their reputation and your own security habits.