Bybit is a well-regarded cryptocurrency exchange offering competitive fees, diverse digital assets, and robust trading features. However, traders seeking platforms with more cryptocurrencies, lower fees, or specialized tools may prefer alternatives. This guide explores the top Bybit competitors, comparing their strengths for different trading styles.
Quick Overview: Top Bybit Alternatives
- Binance – Best overall alternative
- Kraken – Ideal for U.S. traders
- KuCoin – Top choice for altcoins
- MEXC – Lowest fees
- PrimeXBT – Best for multi-asset trading
- OKX – Superior for trading bots
- Bitget – Leading passive-earning platform
Bybit Alternatives Comparison
| Exchange | Crypto Assets | Spot Fees | Futures Fees | Leverage | Key Feature |
|------------|--------------|----------|-------------|----------|----------------------------------|
| Binance | 385+ | 0.1% | 0.02%/0.04% | 125x | Largest liquidity, 1,700+ pairs |
| Kraken | 229 | 0.16% | 0.26% | 50x | Strong U.S. compliance |
| KuCoin | 863+ | 0.1% | 0.02%/0.06% | 100x | 800+ altcoins |
| MEXC | 1,646+ | 0% | 0.01% | 200x | Zero-fee spot trading |
| PrimeXBT | 39+ | 0.05% | 0.05% | 1,000x | Forex/commodities support |
| OKX | 349+ | 0.08% | 0.06% | 125x | Advanced trading bots |
| Bitget | 561+ | 0.1% | 0.06% | 125x | Copy trading & staking products |
Detailed Reviews
1. Binance – Best Overall Alternative
Why Choose Binance?
- 1,700+ trading pairs (vs. Bybit’s 595)
- Lower futures fees (0.02% maker)
- Earn products: Staking, DeFi, liquidity pools
2. Kraken – Best for U.S. Traders
Key Features
- Regulated in U.S. (Bybit unavailable)
- Forex pairs (e.g., EUR/USD)
- High security: Cold storage, audits
3. KuCoin – Altcoin Trader’s Pick
Highlights
- 863+ cryptocurrencies
- Cloud mining & lending
- 0.08% fees with KCS token
FAQs
Q: Which Bybit alternative has the most cryptocurrencies?
A: MEXC supports 1,646+ coins, the widest selection.
Q: Can I trade without KYC?
A: Yes! KuCoin, MEXC, and PrimeXBT allow non-KYC crypto deposits.
Q: What’s the lowest-fee platform?
A: MEXC offers 0% spot fees and 0.01% futures taker fees.
Final Thoughts
While Bybit excels in derivatives trading, alternatives like Binance (liquidity), Kraken (U.S. access), and MEXC (low fees) cater to specific needs. Evaluate your priorities—assets, fees, or compliance—to choose the best fit.
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