In This time, I will talk about the Best Bybit Alternatives in Asia, covering different platforms that compete for attention.
Since Bybit is a popular option, several other exchanges have unique advantages around fees, supported crypto, and regional access. Let’s explore these alternatives and help you select the best fit for your trading activities.
key Points & Best Bybit Alternatives In Asia List
| Exchange | Key Point |
|---|---|
| CEX.IO | Offers both spot and margin trading with fiat deposit options. |
| Poloniex | Known for a wide range of altcoins and low trading fees. |
| Binance | World’s largest exchange by volume, supports advanced trading tools. |
| Liquid | Offers deep liquidity and strong fiat-crypto onramp options. |
| Changelly | Instant crypto swaps without registration. |
| Paxful | Peer-to-peer Bitcoin marketplace with 350+ payment methods. |
| Phemex | Fast-growing derivatives platform with zero-fee spot trading. |
| BingX | Social trading platform supporting crypto and forex. |
| Margex | Privacy-focused margin trading with no KYC requirement. |
| KuCoin | Offers a wide range of tokens and features like crypto lending. |
10 Best Bybit Alternatives In Asia
1.CEX.IO
Since its establishment in 2013, CEX.IO has become one of the top Bybit alternatives in Asia due to its robust regulatory structure, coverage of numerous cryptocurrencies, and multi-platform accessibility.
CEX.IO enables the trading and acquisition of over a hundred crypto assets, both popular and recently emerging, while ensuring competitive trading fees that commence at 0.25% for takers.
CEX.IO’s support for USD, EUR, and other fiat currencies is beneficial for Asian traders who prefer a more stable and user-friendly trading environment. It also provides complete services to users in major Asian markets.
| Feature | Details |
|---|---|
| Launch Date | 2013 |
| Crypto Support | 100+ cryptocurrencies |
| Fiat Support | USD, EUR, GBP, and more |
| Trading Fees | Starts at 0.25% for takers |
| Trading Options | Spot and margin trading, crypto-to-fiat trading |
| Country Support | Global, including strong Asia presence |
| Security | 2FA, cold storage |
2.Poloniex
Established in 2014, Poloniex is an effective alternative to Bybit in Asia due to its vast altcoin market and low trading fees of 0.09% for both makers and takers. It accommodates a large selection of cryptocurrencies, including DeFi and obscure tokens, making it perfect for altcoin traders.
For basic trading, Poloniex does not require KYC, which is appealing to privacy conscious users in Asia. Its accessibility around the globe and support of traders from several Asian countries makes it a versatile trading platform with low costs.
| Feature | Details |
|---|---|
| Launch Date | 2014 |
| Crypto Support | 100+ cryptocurrencies |
| Trading Fees | Starts at 0.09% for both makers and takers |
| Trading Options | Spot trading, margin trading, lending |
| Country Support | Global, with a focus on US and Asian countries |
| Security | 2FA, cold storage |
3.Binance
Binance is viewed as one of the top Bybit competitors in Asia since it was established in 2017, primarily due to its enormous selection of cryptocurrencies, boasting over 350, as well as its more sophisticated trading options like futures, options, and staking.
Bystronic has ultra-low trading fee levels commencing at 0.1%, which can be further improved through BNB tokens.
Binance maintains a significant market presence across Asia where they bolster supported languages, fiat gateways, and payment regulation compliance.
With its advanced infrastructure and multitude of services, Bybit is perfectly positioned in Asia for both novice and experienced traders.
| Feature | Details |
|---|---|
| Launch Date | 2017 |
| Crypto Support | Over 350 cryptocurrencies |
| Trading Fees | Starts at 0.1%, reduced with BNB token |
| Trading Options | Spot, futures, staking, options, margin trading |
| Country Support | Global, with extensive support in Asia |
| Security | 2FA, insurance fund, cold storage |
4.Liquid
Founded in 2014 and based in Japan, Liquid is an important Bybit competitor in Asia because of its feature set, including high liquidity, ample fiat entrances, and regional focus.
It has over 100 cryptocurrencies listed on its platform and accepts direct deposits of JPY, SGD, and other Asian fiat currencies. Liquid charges a minimum trading fee of 0.30% which reduces further with higher volume trading.
Japan’s FSA regulates Liquid which guarantees safety and confidence for Asian customers. The exchange’s local licenses and friendliness to fiat currencies make it well-suited for Asian traders looking for a robust and reliable platform.
| Feature | Details |
|---|---|
| Launch Date | 2014 |
| Crypto Support | 100+ cryptocurrencies |
| Fiat Support | JPY, SGD, USD, EUR, and more |
| Trading Fees | Starts at 0.30%, volume-based discounts |
| Trading Options | Spot, margin trading |
| Country Support | Strong in Japan and Asia, global availability |
| Security | 2FA, cold storage, FSA regulated |
5.Changelly
Changelly, which began operating in 2015, is now one of the leading Bybit alternatives in Asia. Users are drawn to quick, non-custodial crypto swaps, and there is no registration required.
It has over 500 crypto assets including many lesser-known cryptocurrencies which makes it a great Changelly is a great option for users looking to diversify their assets.
Changelly is also appealing to inexperienced traders due to its flat 0.25% service fee which is very simple compared to other platforms. Furthermore, many countries in Asia also have full access to Changelly’s services which makes them a customer-friendly business.
| Feature | Details |
|---|---|
| Launch Date | 2015 |
| Crypto Support | 500+ cryptocurrencies |
| Trading Fees | Flat 0.25% service fee |
| Trading Options | Instant crypto swaps, no account required |
| Country Support | Global, including Asia |
| Security | Non-custodial, encrypted transactions |
6.Paxful
Paxful was launched in Asia in 2015 as a Bybit alternative. They focus on peer-to-peer Bitcoin trading and offer unrivaled flexibility in payment options.
Unlocking the underbanked potential of Asia, they accept over 350 payment options, from bank transfers, mobile wallets to gift cards.
Bitcoin is principally handled by Paxful, who imposes zero fees for buyers and a 1% fee for sellers. Their presence in countries like India, the Philippines, and Indonesia facilitate easy access to crypto trading.
| Feature | Details |
|---|---|
| Launch Date | 2015 |
| Crypto Support | Primarily Bitcoin, with some altcoins |
| Trading Fees | 0% for buyers, 1% for sellers |
| Trading Options | Peer-to-peer Bitcoin trading |
| Country Support | Strong in Asia, especially in India and the Philippines |
| Security | Escrow system, 2FA, ID verification |
7.Phemex
Phemex was launched in 2019 and functions as a decent Bybit alternative in Asia. It is popular for its high speed trading engine and its model of spot trading without fees. It also supports about 150 cryptocurrencies which include popular coins and trending tokens.
Furthermore, its derivatives options come with up to 100x leverage. Phemex also has a strong user base in countries like India, Vietnam, and Indonesia where it offers local support and payment options.
For active traders in Asia, its maker-taker fee schedule of 0.01%/0.06% is very attractive in terms of cost-efficiency and performance.
| Feature | Details |
|---|---|
| Launch Date | 2019 |
| Crypto Support | 150+ cryptocurrencies |
| Trading Fees | 0.01% maker, 0.06% taker fees |
| Trading Options | Spot, futures, margin, staking |
| Country Support | Global, with strong growth in Asia |
| Security | 2FA, cold storage, advanced security protocols |
8.BingX
Founded in 2018, BingX is considered a top Bybit substitute in Asia where users can access copy trading features and other markets. Features like forex, indices, and commodities BingX’s trading experience.
More than 300 South Korean user’s fuels Vietnam, and Thailand’s BingX’s popularity due to south Korean paying local language and payment methods. Striving for versatility and social trading, the platform supports both spot and derivatives trading with competitive fees starting at 0.1%.
| Feature | Details |
|---|---|
| Launch Date | 2018 |
| Crypto Support | 300+ cryptocurrencies |
| Trading Fees | Starts at 0.1% |
| Trading Options | Spot, futures, copy trading |
| Country Support | Strong in Southeast Asia |
| Security | 2FA, secure withdrawals |
9.Margex
Margex stands out as a Bybit alternative in Asia since it is a new crypto exchange launched in 2020, specifically targeting margin traders who value their privacy.
Margex allows up to 100x leverage on prominent cryptocurrencies such as BTC, ETH, and XRP, as well as anonymous trading owing to its no KYC requirement.
Currently, Margex charges a low maker fee of 0.019% and taker fee of 0.060%. Margex is available in most Asian countries and uses an unique MP Shield system that protects from price manipulation, making it ideal for secure high-leverage crypto trading in Asia.
| Feature | Details |
|---|---|
| Launch Date | 2020 |
| Crypto Support | Major cryptocurrencies like BTC, ETH, XRP |
| Trading Fees | 0.019% maker, 0.060% taker fees |
| Trading Options | Margin trading with up to 100x leverage |
| Country Support | Global, with a strong presence in Asia |
| Security | MP Shield, no KYC, advanced security measures |
10.KuCoin
Launched in 2017, KuCoin now serves as a Bybit competitor in Asia with more than 700 cryptocurrencies available for trading, including rare altcoins and DeFi tokens. For the most active traders, KuCoin has a competitive trading fee structure starting at just 0.1%.
Further discounts apply when using the KCS token. KuCoin features more sophisticated trading options such as futures, margin trading, and staking.
The platform is well known across Asia, especially in South Korea, Japan, and Singapore. Its numerous tradable coins and robust security features make it KuCoin’s other advantage alongside KCS.
| Feature | Details |
|---|---|
| Launch Date | 2017 |
| Crypto Support | 700+ cryptocurrencies |
| Trading Fees | Starts at 0.1%, with reductions via KCS |
| Trading Options | Spot, futures, margin, staking, lending |
| Country Support | Strong in Southeast Asia, global availability |
| Security | 2FA, cold storage, insurance fund |
Conclusion
To summarize, along with Paxful, Phemex, and KuCoin, CEX.IO, Poloniex, Binance, and Liquid have great Bybit competitors in Asia.
They offer a variety of digital assets, low trading costs, and adequate support to the region which makes trading easier for novice and professional traders alike. Each platform has different offers which provide convenience and safety for users in Asia.
