5 Best Bybit Alternatives
Looking for top Bybit alternatives to trade crypto securely and with more flexibility? While Bybit has built a strong following for derivatives and futures trading, it’s not the only option available. Many other exchanges provide deeper coin listings, stronger regulation, easier fiat access, and secure solutions to buy Bitcoin and other crypto.
We tested the leading platforms to provide expert insights and help you decide which Bybit alternative best fits your needs.
What is Bybit, and how does it work?
Bybit is a cryptocurrency exchange best known for its futures and perpetual contracts, where users can trade with high risk and reward potential. It also offers spot markets, staking products, and a clean mobile app interface.
However, Bybit faces regulatory restrictions in several countries, including the US, limiting its availability. For users looking for a broader product range, better fiat support, or more compliance-driven environments, several strong competitors serve as alternatives to Bybit.
Top Bybit Alternatives Overview
- CEX.IO – Best Bybit Alternative Overall
- OKX – Best Bybit Competitor for DeFi & Web3
- Binance – Best Bybit Alternative for Liquidity
- Kraken – Best Bybit Alternative for Security & Regulation
- MEXC – Best Alternative for Bybit if You Want Altcoins
Best Bybit Alternatives Summary
Here’s a side-by-side look at leading Bybit alternatives, comparing their fee models, trading costs, asset variety, and global reach to help you quickly spot which exchange fits your needs.
CEX.IO – Best Bybit Alternative Overall
CEX.IO is a global exchange that supports more than 300 cryptocurrencies and serves users in nearly 200 countries.
Designed for accessibility, it combines simple tools like Instant Buy and a free CEX.IO Wallet with advanced options such as margin features and deep Spot Trading markets. Its mobile app lets you trade, manage funds, and track live markets wherever you are.
With a decade-long track record, regulatory compliance, and multiple payment methods, CEX.IO is ideal for users who want a secure, versatile exchange that adapts to both beginners and seasoned traders.
Bybit VS CEX.IO
When comparing Bybit and CEX.IO, both exchanges provide strong trading tools, but their focus differs. Bybit is heavily centered on derivatives and high-risk strategies, while CEX.IO balances accessibility with advanced trading features.
Users benefit from a regulated, beginner-friendly platform with fiat support, services like Instant Buy, and a secure wallet. CEX.IO also offers a more polished mobile app and a broader range of payment methods.
The only drawback compared to Bybit is that CEX.IO lists fewer total coins, but for most users, the curated list of assets is more than sufficient.
Why do Users like CEX.IO?
As the best Bybit alternative, CEX.IO stands out for offering a complete toolkit under one roof. Beginners can check the live cryptocurrency prices page, store assets in the free CEX.IO Wallet, and buy crypto instantly.
At the same time, experienced users benefit from advanced Spot Trading markets and tools. The mix of simplicity and depth means CEX.IO appeals equally to first-time buyers and professional traders.
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OKX – Best Bybit Competitor for DeFi & Web3
OKX is one of the most versatile exchanges globally, standing out as a strong Bybit competitor thanks to its blend of centralized and decentralized services.
Alongside over 350 supported coins, OKX integrates DeFi tools, a Web3 wallet, and NFT marketplace access. Its P2P marketplace is supported by a transparent review system, and the platform offers advanced derivatives trading with up to 125x leverage.
With strong liquidity, a polished mobile app, and innovative features like DEX aggregation, OKX appeals to users who want more than just trading: it’s a full gateway into the wider Web3 ecosystem.
Bybit VS OKX
OKX offers more transparency through its P2P Trading Reviews feature, helping traders assess counterparties and build trust. Compared to Bybit, OKX also brings stronger DeFi integration, giving users access to DEX liquidity and NFT marketplaces.
Both exchanges cater to advanced traders with high leverage and derivatives, but OKX diversifies into Web3 while Bybit focuses narrowly on trading.
Bybit’s app can occasionally log users out, while OKX maintains smoother account stability. The main downside of OKX is that fiat withdrawals remain limited compared to Bybit, though most traders won’t see this as a deal-breaker.
Binance – Best Bybit Alternative for Liquidity
Binance is one of the world’s largest exchanges by trading volume and a leading Bybit alternative for traders who prioritize liquidity.
With more than 400 supported cryptocurrencies and countless fiat pairs, Binance offers one of the deepest order books in the market. The exchange caters to all levels of users, from Instant Buy services for beginners to derivatives, margin trading, and staking for advanced traders.
Binance also offers the BNB token, which reduces fees for active users and maintains a strong mobile app ecosystem. Its global reach and liquidity make Binance the go-to choice for traders who move large volumes.
Bybit VS Binance
Compared to Bybit, Binance delivers far greater liquidity, meaning traders can execute large orders with minimal slippage. Binance also supports a broader set of fiat payment methods, while Bybit limits fiat support in some regions.
However, Bybit’s interface seems simpler and more beginner-friendly, while Binance can feel overwhelming to new users. Fee-wise, Binance starts at 0.1% but offers reductions with BNB discounts, whereas Bybit’s fee model is more competitive at higher VIP tiers.
Overall, Binance dominates in depth and coin availability, but Bybit can still be preferable for traders who value simplicity.
Kraken – Best Bybit Alternative for Security & Regulation
Kraken is one of the oldest and most trusted exchanges in the crypto industry, known for its focus on compliance, transparency, and security.
Supporting nearly 300 coins, it may not match the breadth of Bybit or Binance, but it stands out in regions like the US and Europe where strict oversight applies. Kraken is a licensed exchange with a strong track record of security audits and proof-of-reserves reports.
Its Spot and Futures markets cater to both beginners and institutions. At the same time, its educational resources make it an ideal choice for cautious traders seeking a regulated platform to use with confidence.
Bybit VS Kraken
While Bybit is popular for derivatives and high leverage, Kraken prioritizes regulation and security, which appeals to risk-averse traders.
Bybit’s occasional logouts should be something to consider, and we did find reports of a few promotion disputes with users. On the other hand, Kraken’s reputation centers on stability and compliance.
Its fees start higher (0.40% maker / 0.60% taker at entry level) compared to Bybit’s 0.1%, which is a drawback for active traders. However, for those who value licensed operations and safer fiat on- and off-ramps, Kraken is a stronger option.
Bybit may offer more features for advanced speculation, but Kraken provides peace of mind through its regulated framework.
MEXC – Best Alternative for Bybit if You Want Altcoins
MEXC has rapidly gained traction by offering the widest selection of cryptocurrencies, making it a leading pick among alternatives for Bybit.
With over 3,000 supported coins and thousands of trading pairs, MEXC dwarfs most competitors when it comes to altcoin access (though the question remains whether such an offering is sustainable).
Beyond spot and futures trading, MEXC offers features such as DEX+ aggregation, Meme+ trading zone, and staking opportunities with high APRs. The exchange also offers copy trading for beginners who want to follow experienced traders.
Its high leverage options and low fees make it appealing for risk-tolerant users, though regulatory warnings have impacted its reputation, which is not something you’ll experience elsewhere, specifically CEX.IO or Binance.
Bybit VS MEXC
When comparing Bybit with MEXC, the biggest differentiator is coin availability. MEXC offers more than twice as many trading pairs, appealing to altcoin hunters, while Bybit focuses on fewer but higher-quality listings.
Fee structures also differ: MEXC advertises 0% maker fees and 0.05% taker fees, undercutting Bybit’s standard spot rates. However, Bybit maintains a stronger reputation for reliability and customer trust, while MEXC has faced regulatory challenges in Europe and Canada.
For users chasing niche tokens, MEXC clearly wins, but for long-term stability and support, Bybit remains the safer bet.
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FAQ
Who are the top competing crypto projects to Bybit?
The top Bybit alternatives include CEX.IO, OKX, Binance, Kraken, and MEXC. Each brings unique strengths: Binance leads in liquidity, OKX shines in DeFi tools, and Kraken excels in regulation. However, CEX.IO stands out as the best Bybit alternative overall, combining simplicity for beginners with advanced Spot Trading features and a secure wallet, making it the most versatile choice.
How to Choose a Bybit Alternative?
When choosing a Bybit competitor, focus on regulation, available payment methods, supported coins, and user-friendly tools. If you’re new to crypto, centralized exchanges like CEX.IO provide the safest and most straightforward entry point. With a free wallet, rich feature set for traders and non-traders, and regulated access in nearly 200 countries, CEX.IO is the main competitor and a trusted option for global users.
How to buy crypto without Bybit?
Plenty of exchanges let you buy crypto securely. Centralized platforms like CEX.IO are particularly user-friendly, offering instant purchase tools, liquidity, and substantial compliance. Decentralized platforms also exist, but require greater technical knowledge. For most users, regulated exchanges such as CEX.IO provide the easiest way to buy, sell, and trade crypto while maintaining full account security.
Who has lower fees than Bybit?
Bybit already offers competitive trading fees, but some exchanges can be cheaper depending on your activity. CEX.IO reduces fees at higher trading volumes and offers strong discounts for active traders. MEXC advertises 0% maker fees, while Binance users benefit from BNB discounts. Ultimately, fee savings depend on your trading style, but CEX.IO and MEXC often present lower entry-level costs compared to Bybit.
Are all these platforms regulated in the US?
Not all Bybit alternatives are regulated in the US. Kraken and CEX.IO are accessible to US-based users and operate under compliance frameworks. Bybit, Binance, MEXC, and OKX face restrictions, limiting their availability. For users in the United States, CEX.IO and Kraken stand out as safer, regulated choices with fiat support and clear oversight.
Is CEX safe and reliable in 2025?
Yes. CEX.IO has been operating for more than a decade with a proven track record of compliance and customer trust. It offers secure services like a free wallet, cold storage practices, and proof-of-reserves transparency. Serving nearly 200 countries, CEX.IO remains a reliable, regulated, and safe exchange in 2025, making it a strong alternative to Bybit for global users.
How do I choose the right crypto exchange?
Start by checking whether the platform is regulated in your region. Then review fees, fiat access, security features, and supported cryptocurrencies. Look at usability; beginners benefit from tools like Instant Buy and clear apps, while advanced traders need robust Spot and derivatives markets. Choosing a trusted exchange such as CEX.IO ensures security and flexibility for long-term trading.
Which is better, OKX or Bybit?
Both OKX and Bybit are strong platforms, but they serve different audiences. Bybit is popular for derivatives trading and simplicity, while OKX offers DeFi access, a Web3 wallet, and NFT marketplace integration. OKX’s P2P Trading Reviews system also builds trust between traders. Bybit may feel more straightforward, but OKX appeals to users seeking more advanced Web3 features beyond trading.
Which country is Bybit banned in?
Bybit is restricted in several countries due to regulatory challenges, including the United States, Canada, Singapore, and the United Kingdom. Authorities in these regions have tightened oversight of cryptocurrency derivatives, which is Bybit’s primary product. As a result, residents cannot officially access the platform. Traders in these regions often look for regulated exchanges like CEX.IO or Kraken, which provide compliant services with reliable fiat on- and off-ramps.
Does Bybit have a wallet?
Bybit offers custodial wallet services, but they are tied to the exchange and limited in scope. For greater flexibility, many users prefer external options. The CEX.IO Wallet stands out as a free, secure solution, supporting both crypto and fiat balances. It lets users store assets safely, access Spot Trading, and buy crypto instantly. Unlike Bybit’s wallet, CEX.IO’s counterpart integrates seamlessly with payment methods and provides transparent access via web and mobile apps.