In this article I will discuss the Best Bybit Alternative Exchanges and their benefits and features in this article.
No matter if it’s for lower fees, better security, advanced tools, or even a decentralized option, there are great alternatives to Bybit.
These exchanges allow for social and copy trading all the way to automated bots and multi-asset platforms. Every trader is catered for with unique advantages.
Key Point & Best Bybit Alternative Exchanges List
| Exchange | Key Features |
|---|---|
| Bitrue | Bitrue is a cryptocurrency exchange that offers a wide range of trading pairs |
| BingX | Social trading, futures & spot trading, copy trading |
| Pionex | Automated trading bots, low trading fees, grid trading |
| Flipster | High-leverage futures trading, user-friendly interface |
| Coinbase | Secure, beginner-friendly, FDIC-insured USD deposits |
| Deribit | Options & futures trading, high liquidity, institutional-grade |
| Coiniy | Emerging platform, spot & futures trading |
| BitDelta | Derivatives trading, high-leverage options |
| Hyperliquid | Decentralized perpetual contracts, deep liquidity |
| Margex | Multi-asset trading (crypto, forex, stocks), copy trading |
| Phemex | Zero-fee spot trading, high-speed trading engine |
1. Bitrue
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2.BingX
Compared to Bybit, BingX offers great integration to copy social trading, making it easier for users to copy experienced investors.
Besides, it also offers competitive trading fees along with a larger selection of futures and spot trading pairs, making it ideal for beginner and advanced traders alike.
On top of that, BingX is well-known for its user-friendly, yet powerful interface, as well as risk management features and a growing ecosystem for copy trading, further enhancing traders’ experiences.
| Feature | Details |
|---|---|
| KYC Requirement | Not mandatory for basic trading; higher limits require KYC |
| Trading Options | Spot, futures, and copy trading |
| Leverage | Up to 150x on futures |
| Key Advantage | Social and copy trading with minimal KYC |
| Fiat Support | Crypto deposits & P2P trading available |
| Security | 2FA, cold storage, and risk management tools |
| Best For | Traders seeking copy trading with minimal identity verification |
3.Pionex
Pionex is one of the best alternatives to Bybit as it has an additional edge with its proprietary automated trading bots that do not require third party integrations.
With 16 free bespoke bots that utilize AI, users can automate grid trading and arbitrage strategies without needing to know how to code.
It is cost effective for low budget traders due to its low trading fees and deep liquidity making it ideal for more experienced traders. Why use Bybit if Pionex is far more superior for hands off trading?
| Feature | Details |
|---|---|
| KYC Requirement | Not required for basic trading; withdrawals may have limits without KYC |
| Trading Options | Spot trading with 16 built-in automated bots |
| Leverage | Up to 5x on margin trading |
| Key Advantage | Free built-in AI-powered trading bots with minimal KYC |
| Fiat Support | Crypto deposits & P2P trading available |
| Security | 2FA, liquidity from multiple providers |
| Best For | Traders looking for automated trading with low KYC requirements |
4.Flipster
As a Bybit alternative, Flipster excels with its intuitive mobile-first accomplishments and ultra-high leverage trading capabilities.
Active traders benefit from the deep liquidity the platform offers, enabling quick and seamless transaction execution.
What’s more, Flipsters stands out because users are able to create an account in record time, along with having access to vast ranges of futures contracts and an immersive UI that appeals to all levels of stake traders.
| Feature | Details |
|---|---|
| KYC Requirement | Not required for basic trading; higher limits may require KYC |
| Trading Options | Futures trading with a wide range of crypto assets |
| Leverage | Up to 100x on futures contracts |
| Key Advantage | High-leverage trading with minimal KYC requirements |
| Fiat Support | Crypto deposits; limited fiat options |
| Security | 2FA, cold storage for funds |
| Best For | Traders seeking a mobile-friendly, high-leverage exchange with easy access |
5.Coinbase
Coinbase is a good alternative to Bybit, especially for users that prefer security and regulatory compliance. Coinbase is a trustless exchange, especially with FDIC insured USD deposits.
Furthermore, its interface is simple, making it easy to buy crypto, and it has institutional level custody services. Coinbase also allows the purchase and sale of crypto assets via direct bank integration, which is way more secure compared to Bybit.
| Feature | Details |
|---|---|
| KYC Requirement | Basic KYC for account creation; higher limits require full verification |
| Trading Options | Spot trading, staking, and DeFi integrations |
| Leverage | No leverage for spot trading, but offers staking rewards |
| Key Advantage | High security and regulatory compliance with minimal KYC for basic trading |
| Fiat Support | Full fiat-to-crypto support (USD, EUR, etc.) |
| Security | 2FA, FDIC insurance for USD deposits |
| Best For | Beginners seeking a secure, easy-to-use exchange with minimal KYC |
6.Deribit
Deribit is a great Bybit alternative for traders who focus on crypto options and futures. Unlike Bybit, which primarily focuses on perpetual contracts, Deribit specializes in trading Bitcoin and Ethereum options with deep liquidity and low latency execution.
Its sophisticated infrastructure for professional traders with advanced risk management tools makes it a top choice for professional derivatives traders.
For competitive fees, Deribit, unlike Bybit, offers a strong focus on options trading which makes him stand out.
| Feature | Details |
|---|---|
| KYC Requirement | Minimal KYC for basic trading; full KYC required for larger withdrawals |
| Trading Options | Options and futures trading for Bitcoin and Ethereum |
| Leverage | Up to 100x leverage on futures |
| Key Advantage | Specialized in crypto options with minimal KYC for smaller trades |
| Fiat Support | No direct fiat-to-crypto support; crypto deposits only |
| Security | 2FA, cold storage, and institutional-grade security measures |
| Best For | Experienced traders focused on options and futures with minimal KYC |
7.Coiniy
Emerging in the market is Coiniy, a Bybit alternative which aims on providing a smooth trading experience on both the spot and futures markets.
Coiniy’s competitive fees and user-friendly interface makes it a great platform for novice and advanced traders.
Unlike Bybit, Coiniy focuses on simplicity and swift execution of trades allowing a trader to manage positions with ease. A new ecosystem for crypto traders has emerged giving them new options to look for.
| Feature | Details |
|---|---|
| KYC Requirement | Basic KYC for account creation; higher limits may require full verification |
| Trading Options | Spot and futures trading |
| Leverage | Up to 50x on futures |
| Key Advantage | Low KYC requirements for beginners and accessible futures trading |
| Fiat Support | Crypto deposits and limited fiat-to-crypto support |
| Security | 2FA, secure funds in cold storage |
| Best For | New traders looking for simple futures trading with minimal KYC |
8.BitDelta
BitDelta is one of the best substitutes to Bybit, providing high leverage derivatives trading while emphasizing new growth areas.
It is unique in its offering of many trading instruments like cryptocurrency, foreign exchange, and commodities all on one platform.
Unlike Bybit, BitDelta focuses on multi-asset trading which allows traders to expand their portfolios beyond only cryptocurrencies. With its comprehensive risk management features and high market liquidity, it is an ideal platform for professionals and high-frequency traders.
| Feature | Details |
|---|---|
| KYC Requirement | Minimal KYC for basic trading; higher limits may require full verification |
| Trading Options | Derivatives trading (crypto, forex, commodities) |
| Leverage | Up to 100x on derivatives |
| Key Advantage | High-leverage multi-asset trading with minimal KYC |
| Fiat Support | Crypto deposits and withdrawals |
| Security | 2FA, cold storage for user funds |
| Best For | Professional traders seeking high-leverage and multi-asset options with low KYC |
9.Hyperliquid
Hyperliquid is one of the best Bybit alternatives, as it offers perpetual contract trading in a decentralized manner. Unlike Bybit, a centralized exchange, Hyperliquid has a non-custodial trading model, ultra-fast execution, and deep liquidity.
The advanced risk engine ensures that the liquidations are efficient while the traders enjoy a seamless trading experience. With no intermediaries, traders have more control over their assets making Hyperliquid a powerful alternative for traders seeking decentralized derivatives trading.
| Feature | Details |
|---|---|
| KYC Requirement | Minimal KYC for basic trading; full KYC required for higher withdrawals |
| Trading Options | Decentralized perpetual contracts |
| Leverage | Up to 20x on perpetual contracts |
| Key Advantage | Decentralized trading with minimal KYC and low latency |
| Fiat Support | Crypto deposits only |
| Security | 2FA, decentralized architecture for enhanced security |
| Best For | Traders seeking decentralized perpetual contracts with minimal KYC |
10.Margex
Margex is unrivaled, offering a fantastic Bybit alternative that leverages an AI-based anti manipulation system to shield its users from price manipulation. Different from Bybit, Margex guarantees a fair trading atmosphere by consolidating liquidity from several suppliers while protecting against unjust liquidations.
Margex also has a beginner-friendly interface alongside high risk management features and offers 100x leverage, making it the go to exchange for users who prioritize safety and transparency when leveraged trading crypto.
| Feature | Details |
|---|---|
| KYC Requirement | Minimal KYC for basic trading; higher withdrawal limits require full verification |
| Trading Options | Spot and futures trading |
| Leverage | Up to 100x on futures |
| Key Advantage | AI-powered anti-manipulation system with minimal KYC |
| Fiat Support | Crypto deposits only |
| Security | 2FA, cold storage, anti-manipulation tech |
| Best For | Traders seeking high-leverage futures with minimal KYC and added protection against market manipulation |
11.Phemex
Phemex is a reputable competitor to Bybit. This company is known for having no-fee spot trading and has an exceptionally speedy derivatives platform.
Unlike Bybit, Phemex’s subscription-based model lets traders perform spot trades without paying commissions. With a subscription, traders do not need to worry about any additional commissions.
Plus, its advanced matching engine assures ultra-fast trade execution which is great for high-frequency traders.
Deep liquidity, solid security, and a wide variety of functionality ensure that beginners and experienced traders have a smooth trading journey with Phemex.
| Feature | Details |
|---|---|
| KYC Requirement | Minimal KYC for basic trading; full KYC for higher withdrawals and additional features |
| Trading Options | Spot, futures, and perpetual contracts |
| Leverage | Up to 100x on futures and perpetual contracts |
| Key Advantage | Zero-fee spot trading with minimal KYC requirements |
| Fiat Support | Crypto deposits and P2P trading |
| Security | 2FA, cold storage, and high-speed matching engine |
| Best For | Traders seeking zero-fee spot trading with minimal KYC and fast execution |
Conclusion
Ultimately, the Bybit alternative exchanges service different traders across the board. BingX shines in social trading while automated bots are the specialty of Pionex and Flipster takes the trophy for high-leverage mobile trading.
Deribit focuses on crypto options while Coinbase gives a regulated and secure space for trading. Hyperliquid is geared towards decentralized trading, Coiniy and BitDelta are new players in the trading game, and PrimeXBT is known for multi-asset market trading.
Standout spots include Phemex for zero-fee spot trading. All of them serve as excellent alternatives to Bybit based on one’s trading needs and preferences.
