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How the exchanges compare
| Bybit | Binance | MEXC | |
|---|---|---|---|
| Market | Spot, no leverage | Spot, no leverage | Spot, no leverage |
| Strategy | DCA LONG and SHORT | DCA LONG and SHORT | DCA LONG and SHORT |
| API key | System-generated: API Key and Secret | Self-generated Ed25519: Bybot creates the key pair | API Key and Secret Key |
| Secret to paste | Yes | No — the private key stays in Bybot | Yes |
| IP whitelist | Not needed | Not needed | Not needed |
| Key validity | 3 months without an IP binding | No expiry | Bybot reminds you to check it every 90 days |
| Withdrawals | Off — the bot doesn’t need them | Off — the bot doesn’t need them | Off — the bot doesn’t need them |
| USDT for trading | Unified Trading Account | Spot wallet | Spot account |
| Backtest | 1-minute history, up to 365 days | 1-minute history, up to 365 days | Not available |
| About the botKey guideCreate an account | About the botKey guideCreate an account | About the botKey guideCreate an account |
Why connect more than one exchange
Most people start with the exchange where their money already is. A second exchange helps when you want pairs that only one of them lists, prefer to spread funds between accounts, or want bots to keep working while one exchange is under maintenance.
Each bot trades on one exchange. Keys, balances and cycles stay separate, and you see all bots in one app.
Start with $1 on us
- 1
Sign up in Bybot
$1 lands on your balance right away — enough to try the bot.
- 2
Connect an exchange
Add an API key for Bybit, Binance or MEXC by the guide for that exchange.
- 3
Launch a bot
Pick a pair, set the DCA parameters and start the first cycle.
Frequently asked questions
Yes. Add an API key for each exchange in Settings → API Keys. When you create a bot, you choose which exchange it trades on.
No. Funds stay on your exchange account. Bybot only places spot orders through an API key without withdrawal access.
The one where you already hold USDT and the pair you want is listed. Binance keys don’t expire and need no IP whitelist; Bybit and Binance also support backtests on their history.