In this article, I will explore the Top Considerations Aside From Bybit and Binance for Users in Asia. The need for an efficient and secure crypto exchange is on the rise.
Users are now looking for low fees, a multitude of crypto currencies, robust security, and comprehensive crypto exchange related services in various languages. These offerings cater to the needs of Asian traders who desire to use alternative exchanges that are efficient and safe.
Key Point & Best Alternatives to Bybit and Binance in Asia List
| Exchange | Key Points |
|---|---|
| KuCoin | Wide variety of coins, low trading fees, advanced margin and futures trading, strong security. |
| OKX | Comprehensive services (spot, futures, options), deep liquidity, competitive fees, robust API. |
| BitMart | User-friendly, supports many altcoins, staking options, decent liquidity, moderate fees. |
| CoinEx | Focus on altcoins, zero-fee trading promotions, simple UI, quick deposits/withdrawals. |
| Bithumb | Major Korean exchange, fiat gateway, strong security measures, high liquidity in KRW pairs. |
| BingX | Social trading features, copy trading, wide coin selection, competitive fees. |
| Phemex | Zero-fee spot trading, strong derivatives platform, fast withdrawals, institutional-grade security. |
| Poloniex | Long-standing exchange, margin trading, diverse tokens, moderate fees, decent liquidity. |
| CoinSpot | Australian regulated, simple for beginners, supports AUD deposits, strong customer support. |
| StormGain | Integrated wallet, margin trading, crypto interest accounts, easy UI, moderate fees. |
1.KuCoin
Founded in 2017, KuCoin is among the top Bybit and Binance competitors in Asia. With multiple languages available, it is easy to access from anywhere in the region. KuCoin has a broad range of cryptocurrencies, increasing the available options for users to trade.
The platform gives great importance to security, employing two-factor authentication and cold storage of funds. KuCoin has no downtime in customer support. Immediate assistance is always available. The platform is greatly trusted by Asian traders due to the ease of use and top level security alongside the 24-hour customer support.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 600+ coins, including popular altcoins |
| Trading Types | Spot, Margin, Futures, P2P |
| Fees | Low trading fees (0.1% spot, discounts with KCS) |
| KYC Requirement | Minimal for basic trading; optional for higher limits |
| Security | Two-factor authentication, cold wallets, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket system |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
2.OKX
Established in 2017, OKX has emerged as a top contender in Asia alongside Bybit and Binance. Its support for various local languages makes it more accessible. OKX provides trading for a wide array of cryptocurrencies, including spot, futures, and options trading.
The platform places a high priority on security practices, utilizing multi-signature wallets and two-factor authentication. OKX is a dependable and trustworthy option for Asian traders since it features a responsive customer support system and swift 24/7 assistance.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 500+ coins, including major and altcoins |
| Trading Types | Spot, Futures, Options, Perpetual Contracts |
| Fees | Low trading fees (0.08% spot, lower with OKB token) |
| KYC Requirement | Minimal for small trades; full KYC needed for higher limits |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket support |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
3.BitMart
Founded in 2017, BitMart holds its ground as one of the top competitors of Bybit and Binance in Asia. They have made significant efforts as it accepts various local languages and serves a wide array of users. The wide array of cryptocurrencies available for trading on BitMart, including many new tokens, is a major draw of the platform.
Security is of utmost importance on the platform with cold wallets and two-factor verification. Timely user assistance is guaranteed through trusted customer support, available 24/7 around-the-clock. The robust security offered, paired with a straightforward design makes BitMart popular with traders in Asia.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 300+ coins, including popular altcoins |
| Trading Types | Spot, Futures, Margin |
| Fees | Low trading fees (0.1% spot, lower with BMX token) |
| KYC Requirement | Minimal for basic trading; full KYC for higher limits |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket system |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
4.CoinEx
Established in 2017, CoinEx serves as a robust competitor to Bybit and Binance within the Asian market. The availability of different local languages on the platform broadens its appeal to a larger number of users. thAs with other exchanges, CoinEx prioritizes the acceptance of Altcoins and newer cryptocurrencies.
The platform guarantees security with cold storage and 2FA, safeguarding users’ funds. CoinEx offers proactive customer support which is crucial for traders. It is one of the recommended exchanges in Asia for having a simple interface and focusing on security.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 200+ coins, including popular altcoins |
| Trading Types | Spot, Margin, Perpetual Contracts |
| Fees | Low trading fees (0.1% spot, discounts with CET token) |
| KYC Requirement | Minimal for basic trading; full KYC needed for higher limits |
| Security | Two-factor authentication, cold wallets, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket support |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
5.Bithumb
Bithumb began its operations in 2014 and is located in South Korea which makes it easier for its uses to switch from Bybit and Binance. Users from Korea and its neighboring countries can easily access the exchange due to it being multilingual.
The exchange facilitates trade in many cryptocurrencies that have high liquidity ratios. The exchange prioritizes its customers security and uses various forms of advanced security like cold storage protocols and 2FA. Bithumb has proven to be an invaluable asset in the Asia market due to its reliable customer support which is available 24/7.
| Feature | Details |
|---|---|
| Established Year | 2014 |
| Supported Languages | Korean, English, and other Asian languages |
| Cryptocurrencies | 200+ coins, including major cryptocurrencies |
| Trading Types | Spot, Margin |
| Fees | Low trading fees (0.15% spot, discounts for high-volume traders) |
| KYC Requirement | Minimal for crypto-only trading; full KYC for fiat transactions |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket support |
| Deposit/Withdrawal | Crypto deposits/withdrawals; fiat deposits via local banks |
6.BingX
Since its establishment in 2018, BingX has emerged as a prominent alternative to Bybit and Binance in Asia due to its support for various languages, and its user friendly interface. BingX has a diverse selection of cryptocurrencies, and supports both spot and derivatives trading. Utilizing two factor authentication and cold wallet storage enable BingX to maintain strong security.
Customers can also reach out to BingX support anytime. Their timely 24/7 support coupled with the platforms automation ensures a seamless customer journey. What sets BingX apart, and makes it so user friendly, are its social and copy trading features, tailored for Asian traders.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 300+ coins, including spot and derivatives |
| Trading Types | Spot, Margin, Copy Trading |
| Fees | Low trading fees (0.1% spot, competitive derivatives fees) |
| KYC Requirement | Minimal for basic trading; full KYC required for higher limits |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket support |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
7.Phemex
Phemex begins in 2019 is an up and coming rival to Bybit and Binance in Asia. It is offered in various regional languages, making it easier for users across the region. Spot and derivatives trading has an extensive selection of cryptocurrencies.
The safety of the funds is also a top priority; therefore, cold wallets and two-factor authentication are used. As an added benefit, quick response customer service is available around the clock. Traders from Asia prefer it because of the absence of fees in spot trading and high security.
| Feature | Details |
|---|---|
| Established Year | 2019 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 100+ coins, including spot and derivatives |
| Trading Types | Spot, Futures, Margin |
| Fees | Low trading fees (0% spot, competitive futures fees) |
| KYC Requirement | Minimal for basic trading; full KYC for higher withdrawal limits |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket support |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
8.Poloniex
Poloniex is a cryptocurrency exchange founded in 2014 and has emerged as an alternative to Bybit and Binance in the Eastern markets. Poloniex caters to a wide-ranging audience and supports different local languages. It offers a wide selection of cryptocurrencies, including a variety of altcoins.
For both margin and spot trading, Poloniex offers a comprehensive collection of cryptocurrencies. Poloniex prioritizes customer and account security, enforcing two-factor authentication and cold wallet storage. Responsive customer support is available to help users and troubleshoot problems swiftly. Poloniex is well-known in the market and has a strong reputation, which, in combination with the security they provide, makes Poloniex a good option for traders in Asia.
| Feature | Details |
|---|---|
| Established Year | 2014 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 200+ coins, including spot and margin trading |
| Trading Types | Spot, Margin, Lending |
| Fees | Low trading fees (0.125% spot, discounts for high-volume traders) |
| KYC Requirement | Minimal for basic crypto trading; full KYC for fiat transactions |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket system |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
9.CoinSpot
Founded in 2013, CoinSpot is one of the most recommended platforms in Australia, competing with Bybit and Binance for recognition in all of Asia. It has an English interface along with other regional languages, which widens its reach. CoinSpot has a wide range of cryptocurrencies and provides simple trading options.
Instant deposits of AUD are also available. Security risks are minimized due to the two-factor authentication and cold storage of funds. Prompt response to user queries is made possible by having 24/7 customer support. It has a simple interface that combined with good security features makes it a popular platform for traders.
| Feature | Details |
|---|---|
| Established Year | 2013 |
| Supported Languages | English, suitable for Australian and Asian users |
| Cryptocurrencies | 300+ coins, including major and altcoins |
| Trading Types | Spot, Instant Buy/Sell |
| Fees | Low trading fees (0.1% spot, free deposits via crypto) |
| KYC Requirement | Minimal for crypto trading; full KYC required for fiat transactions |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket support |
| Deposit/Withdrawal | Crypto deposits/withdrawals; fiat via AUD bank transfers |
10.StormGain
In Asia, StormGain is considered a competitor of Bybit and Binance, having been founded in 2019. The exchange additionally features support for numerous local dialects which increases its reach. StormGain offers margin and spot trading for a wide range of cryptocurrencies and also provides crypto interest accounts.
StormGain protects user accounts with two-factor authentication and maintains funds in cold wallets, prioritizing security. Users, however, benefit from 24/7 customer service, which is uncommon in this field. StormGain is popular among Asian crypto traders because of its advanced functionalities combined with a user-friendly interface.
| Feature | Details |
|---|---|
| Established Year | 2019 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 50+ coins, including spot and derivatives |
| Trading Types | Spot, Margin, Futures, Crypto Interest Accounts |
| Fees | Low trading fees (0.095% spot, competitive derivatives fees) |
| KYC Requirement | Minimal for basic crypto trading; full KYC for higher limits |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket support |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
Conclusion
As mentioned above, there are several reputable alternatives to Bybit and Binance that are accessible in Asia and have their own benefits. Some of these are KuCoin, OKX, and BitMart which have a wide selection of cryptocurrencies, solid security, and are multilingual oriented for Asian users.
Some exchanges like Bithumb and CoinSpot have strong local language support and fiat integrations which specifically serve a region’s demand. At the same time, there are some more innovative platforms like BingX, Phemex, and StormGain that focus on advanced trading tools and have good customer support. Regardless of the trading style one prefers, these alternatives offer Asia safe, convenient, and diverse crypto trading.
FAQ
What makes an exchange a good alternative to Bybit and Binance in Asia?
Key factors include strong security, support for multiple local languages, a wide range of cryptocurrencies, low fees, and reliable customer support tailored for Asian users.
Which exchanges support local Asian languages?
KuCoin, OKX, Bithumb, and BingX are known for supporting various local Asian languages to enhance user accessibility.
Are these alternative exchanges secure?
Yes, most reputable exchanges like KuCoin, OKX, and Phemex use advanced security measures such as two-factor authentication, cold storage, and multi-signature wallets.
