In this article, I will discuss the Bybit and Phemex Alternatives Better for Futures Trading in Asia. Asias traders are looking for trustworthy exchanges with low KYC, deep liquidity, and tight security for futures trading.
Binance, OKX, KuCoin, Bitget, and MEXC not only meet the wide multilingual and cryptocurrency coverage, advanced trading features, and ample support requirements, but also cater to the needs of both novice and experienced futures traders.
Key Point & Best Bybit and Phemex Alternatives for Futures Trading in Asia List
| Exchange | Key Points / Features |
|---|---|
| Binance | Largest crypto exchange globally, advanced trading tools, low fees, supports spot & derivatives trading. |
| OKX | High liquidity, futures & options, staking services, supports multiple cryptocurrencies. |
| KuCoin | User-friendly, low fees, wide coin selection, margin trading, strong security. |
| Bitget | Focus on derivatives & futures trading, copy trading features, beginner-friendly interface. |
| MEXC | Fast-growing platform, spot & futures markets, wide token listing, frequent promotions. |
| Gate.io | Supports 1000+ coins, margin & futures trading, strong security, token launchpad. |
| CoinEx | Global crypto coverage, spot & futures trading, low fees, supports stablecoins. |
| BitMart | Beginner-friendly, staking & DeFi features, multi-language support, secure platform. |
| StormGain | Crypto trading + mining, leveraged trading, integrated wallet, easy mobile interface. |
1.Binance
Founded in 2017, Binance is one of the major cryptocurrencies exchanges, particularly known for its futures trading, thus serving as a strong competitor to Bybit and Phemex in Asia. It is multilingual and accepts numerous cryptocurrencies, offering both spot and derivatives markets.
Binance has a strong customer focus as shown in their round-the-clock customer support, strict security measures like SAFU and two-factor authentication, and the advanced Binance security put in place to protect user accounts. For novice and experienced traders, the platform is great because of its friendly user interface, deep liquidity, and access to various trading options, especially futures.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Trading Types | Spot, Futures, Margin, Options |
| Cryptocurrencies | 600+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), SAFU fund, cold wallet storage |
| Customer Support | 24/7 live chat and ticket support |
| KYC Requirement | Minimal for basic trading; advanced limits require verification |
| Liquidity | High, among the top globally |
| Fees | Low trading fees, discounts for using BNB |
2.OKX
Founded in 2017, OKX is one of the most prominent cryptocurrency exchanges and is considered one of the best competitors to Bybit and Phemex for futures trading in the Asia region. OKX is characterized by many local languages, a very good selection of cryptocurrency pairs, and offers a vast range of services including spot, margin, and derivatives trading.
OKX has a reputation for good security, providing two-factor authentication and cold wallet storage. Customers get 24/7 responsive support which facilitates trading. OKX is well suited for both novice and professional futures traders because of the high liquidity and sophisticated trading instruments provided.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Trading Types | Spot, Futures, Margin, Options |
| Cryptocurrencies | 500+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), cold wallets, regular audits |
| Customer Support | 24/7 live chat and ticket support |
| KYC Requirement | Minimal for basic trading; higher limits require verification |
| Liquidity | High liquidity, suitable for large futures trades |
| Fees | Competitive trading fees, discounts for OKB token holders |
3.KuCoin
Founded in 2017, KuCoin is a well known exchange for cryptocurrency and is a far better option for futures trading in comparison to Phemex and Bybit. The exchange offers support for several local languages and a plethora of cryptocurrencies and also provides services in spot, margin, and futures trading.
KuCoin is very much concerned about security and uses two factor authentication, cold storages, and even has insurance funds. The exchange has also responsive customer service available 24 hours, 7 days a week. KuCoin is very accessible to advanced and newbie traders as It has a simple intuitive interface for futures trading, is very cheap, offers high liquidity, 24/7 responsive customer service, adaptive and low fee structures.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Trading Types | Spot, Futures, Margin, P2P |
| Cryptocurrencies | 700+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), cold wallet storage, insurance fund |
| Customer Support | 24/7 live chat and ticket system |
| KYC Requirement | Minimal for basic trading; advanced features require verification |
| Liquidity | High liquidity for futures and margin trading |
| Fees | Low trading fees, discounts for KCS token holders |
4.Bitget
Bitget, founded in 2018, has grown into a prominent crypto exchange and stands as one of the strongest competitors to Bybit and Phemex for futures trading in the Asia region. In addition to supporting various local languages, the platform accepts many cryptocurrencies and concentrates on the spot and derivatives markets.
In terms of security, Bitget employs two-factor authentication, cold wallet storage, and regular audits. In addition to providing round the clock support to all users, Bitget’s 24/7 customer support offers smooth trading for all users. Featuring copy trading, high liquidity, and a friendly interface, Bitget meets the needs of both beginners and professional futures traders.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| Trading Types | Spot, Futures, Margin, Copy Trading |
| Cryptocurrencies | 300+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), cold wallets, regular security audits |
| Customer Support | 24/7 live chat and ticket support |
| KYC Requirement | Minimal for basic trading; higher limits require verification |
| Liquidity | High liquidity for futures markets |
| Fees | Low trading fees, competitive for derivatives trading |
5.MEXC
Founded in 2018, MEXC is one of the fastest growing cryptocurrency exchanges, and is now the leading competitor to Bybit and Phemex for futures trading in the Asian market. It features multiple local languages and a large selection of cryptocurrencies, providing spot, margin, and futures trading.
MEXC exchanges implement two-factor authentication alongside cold wallet storage, ensuring the protective measures of the MEXC platform. Also, a 24/7 responsive customer support is available. MEXC is a great choice for all traders from novices to experts because of the low fees, high liquidity, user-friendly tools and most importantly, a reliable trading platform.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| Trading Types | Spot, Futures, Margin |
| Cryptocurrencies | 500+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), cold wallet storage, regular audits |
| Customer Support | 24/7 live chat and ticket system |
| KYC Requirement | Minimal for basic trading; advanced features require verification |
| Liquidity | High liquidity for futures markets |
| Fees | Low trading fees, competitive for derivatives trading |
6.Gate.io
Founded in 2013, Gate.io is a well-known cryptocurrency exchange and a viable competitor to Bybit and Phemex for futures trading in Asia. The platform accommodates various local languages and boasts an extensive selection of cryptocurrencies available for trading through spot, margin, and futures markets. Gate.io places a high priority on security with two-factor authentication, cold wallet storage, and routine audits.
Its 24/7 customer support guarantees smooth trading activities. Gate.io is enriched with high liquidity, sophisticated trading instruments, and a high frequency of new tokens, which makes it a great choice for new and experienced futures traders who value reliability and safety.
| Feature | Details |
|---|---|
| Established Year | 2013 |
| Trading Types | Spot, Futures, Margin |
| Cryptocurrencies | 1,000+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), cold wallets, regular security audits |
| Customer Support | 24/7 live chat and ticket system |
| KYC Requirement | Minimal for basic trading; higher limits require verification |
| Liquidity | High liquidity suitable for large futures trades |
| Fees | Competitive trading fees, discounts for GT token holders |
7.CoinEx
Founded in 2017, CoinEx is one of the top cryptocurrency exchanges and is popular for futures trading in competition with Bybit and Phemex in Asia. It is equipped with numerous local language interfaces, and it supports a large selection of cryptocurrencies, as well as spot, margin and futures trading.
In terms of security, CoinEx implements two-factor authentication, cold wallet storage, and audits, which ensure strong protection. Their 24/7 customer support responsiveness facilitates seamless trading. CoinEx’s low-cost services, high trading volume, and an easy-to-navigate platform make it suitable for all levels of futures traders.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Trading Types | Spot, Futures, Margin |
| Cryptocurrencies | 400+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), cold wallet storage, regular audits |
| Customer Support | 24/7 live chat and ticket system |
| KYC Requirement | Minimal for basic trading; advanced features require verification |
| Liquidity | High liquidity for futures markets |
| Fees | Low trading fees, competitive for derivatives trading |
8.BitMart
Founded in 2017, BitMart is one of the leading cryptocurrency exchanges in Asia, emerging as an option for futures trading beside Bybit and Phemex. The exchange offers a range of services from spot trading to margin and futures trading. Additionally, it supports many local languages and a variety of cryptocurrencies.
BitMart is a crypto exchange with a focus on security, incorporating two-factor authentication, cold wallet storage, and other system audits. Its 24/7 customer support is helpful and responsive, ensuring traders encounter no problems during and after trading. Due to its powerful trading tools and high liquidity, as well as relatively low fees, BitMart caters to both new and advanced traders.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Trading Types | Spot, Futures, Margin |
| Cryptocurrencies | 300+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), cold wallet storage, regular audits |
| Customer Support | 24/7 live chat and ticket system |
| KYC Requirement | Minimal for basic trading; higher limits require verification |
| Liquidity | High liquidity suitable for futures trading |
| Fees | Low trading fees, competitive for derivatives |
9.StormGain
Founded in 2019, Stormgain is a multi-functional cryptocurrency exchange offering competition to Bybit and Phemex in the futures trade marketplace in Asia. The exchange offers services in many different languages as well as many different cryptocurrencies which can all be traded using spot trading, margin trading, and leveraged futures trading.
Stormgains put an emphasis on security, making use of two-factor authentication and secure wallet storage to protect client funds. They also offer 24/7 customer service which helps sustain the trading around the clock. Stormgain’s user interface paired with the integrated crypto mining features and the liquidity of the market makes the exchange perfect for both new and advanced futures traders.
| Feature | Details |
|---|---|
| Established Year | 2019 |
| Trading Types | Spot, Futures, Margin, Leveraged Trading |
| Cryptocurrencies | 50+ coins including BTC, ETH, USDT |
| Local Languages | Multiple Asian languages including Chinese, Hindi, Japanese, Korean |
| Security | Two-factor authentication (2FA), cold wallet storage |
| Customer Support | 24/7 live chat and ticket system |
| KYC Requirement | Minimal for basic trading; verification required for higher limits |
| Liquidity | Moderate to high liquidity for futures trading |
| Fees | Competitive trading fees, especially for leveraged futures |
Conclusion
As was noted previously, Asia still has several reliable alternatives to Bybit and Phemex for futures trading, including but not limited to, Binance, OKX, KuCoin, Bitget, MEXC, Gate.io, CoinEx, BitMart, and StormGain.
These sites have adequate security protocols, multi-lingual support of several local languages, and accept a wide array of cryptocurrencies. With attentive and round-the-clock customer service, high liquidity, and easy to use trading features, they have catered to both novice and professional traders. Thus, they have made futures trading in Asia safe, efficient, and easy.
FAQ
Which exchanges are the best alternatives to Bybit and Phemex in Asia?
Binance, OKX, KuCoin, Bitget, MEXC, Gate.io, CoinEx, BitMart, and StormGain are top alternatives for futures trading in Asia.
Are these exchanges secure for futures trading?
Yes, all these exchanges use robust security measures, including two-factor authentication, cold wallet storage, and regular audits.
Do these platforms support multiple local languages?
Yes, they cater to diverse Asian users by supporting multiple local languages for easier navigation.
