Top 3 Bybit Alternatives to Look Out For in 2024 – Crypto News

Bybit has grown to be one of the most reliable crypto exchanges in the industry over the years. The platform ranks 6th, as per CoinMarketCap’s top crypto exchange platforms list based on factors like traffic, liquidity, trading volume, investor confidence, etc. However, some Bybit alternatives are rich in features and platform offerings.

We have curated a short list of 3 Bybit alternatives after carefully researching and considering various factors like platform features, offerings, reliability, security, liquidity, and fees. Our main goal is to help readers find the best Bybit alternative platform tailored to their investment needs with this article. Let us dive deep and learn why the below platforms are the best alternatives to Bybit.

1. Binance

Binance is the leading crypto exchange platform, serving over 90 million customers throughout the world. It is one of the best crypto exchange platforms considering its industry-low fees and features like Binance Launchpad, Binance Academy, Earn feature, and more.

Binance also offers margin trading with around 10x leverage to its customers. Furthermore, the platform handles more than 13 billion worth of trading volume in a day by supporting 350+ cryptocurrencies and 10+ fiat currency transactions.

Both Bybit and Binance offer copy trading features but Binance has an edge when we compare them. Because, Binance is a better platform compared to Bybit in terms of flexible copy trading strategies, detailed analytics, and a customizable trading experience to users.

2. KuCoin

KuCoin is also a trustworthy crypto exchange platform that ranks 4th as per CoinMarketCap’s crypto exchange rankings. It handles over 780 million worth of trading volume in a day by supporting a large number of, around 700+, cryptocurrencies and a wide variety of fiat currencies.

KuCoin claims itself as the “people’s exchange” and enabling global free flow of digital value is its aim. When we compare KuCoin and Bybit, both of them offer advanced trading methods for customers. Adding to that, there isn’t much difference when it comes to user experience and fees.

However, KuCoin is the best alternative to Bybit because it sets the bar high in terms of the products it offers and the number of assets it supports. If using a wide variety of cryptocurrencies and fiat currencies is your preference, then KuCoin is the best platform for you.

3. OKX

OKX is the best Bybit alternative platform, ranking 5th in the list of top crypto exchange platforms by CoinMarketCap. It handles more than $1 billion worth of trading volume on a day-to-day basis and supports 300+ cryptocurrencies. OKX serves more than 50 million customers with its hassle-free trading methods.

OKX is the best alternative platform to Bybit when it comes to Web3 and DeFi applications. Both of these platforms don’t differ much when it comes to user-friendliness, fees, and their best security features. However, OKX has an upper hand because it supports more than 40 fiat currencies and decentralized applications.

Conclusion

Bybit is a reputed crypto exchange platform that has been serving crypto investors for half-a-decade. However, you need to consider Bybit alternatives if you would like to have a platform that supports more crypto and fiat currencies and has more platform offerings and features.

Among the many crypto exchange platforms that exist today, Binance, KuCoin, and OKX are the best Bybit alternatives. Other crypto exchanges like Coinbase and Kraken also offer best trading features for beginners and experienced users. No matter which platform you choose, you must do a thorough research and understand the platform to find out if your trading requirements will be fulfilled.

FAQs

Which platform is better than Bybit?

Binance crypto exchange has more seamless user experience than Bybit. Various other crypto exchanges like Kraken, KuCoin, and OKX are also better platforms than Bybit in terms of few features.

Is OKX better than Bybit?

Yes, OKX is better than Bybit if you are looking for more features than mere crypto trading. OKX is also a better option when it comes to supporting more fiat currencies and Web3 and DeFi applications.

Is Bybit bigger than KuCoin?

Yes, Bybit is bigger than KuCoin if we compare the trading volume of these platforms. While Bybit handles more than $1 billion trading volume in a day, KuCoin only covers around $800 million trading volume. The user base of Bybit is also greater than KuCoin.