In this piece, I will discuss the Best Bybit and OKX Competitors for Asian Traders. Asian cryptocurrency traders have several exchanges to choose from, all offering minimal trading fees, good liquidity, top-notch security, and a seamless user experience.
Competitors such as Binance, KuCoin, Bitget, and Gate.io also have a wide range of cryptocurrencies, support margin and futures trading, and offer several languages, making them great for fast and dependable trading in Asia.
Key Point & Best Bybit and OKX Competitors for Asian Traders List
| Exchange | Key Points |
|---|---|
| Binance | Established 2017, 600+ coins, Spot/Futures/Margin, Low fees, Strong security, Multilingual support |
| KuCoin | Established 2017, 600+ coins, Spot/Margin/Futures, Low fees with KCS, Minimal KYC, Strong security |
| Bitget | Established 2018, 200+ coins, Spot/Futures/Copy trading, Low fees, Minimal KYC, Strong security |
| Gate.io | Established 2013, 1000+ coins, Spot/Margin/Futures, Low fees, Minimal KYC, Strong security |
| CoinEx | Established 2017, 200+ coins, Spot/Margin/Perpetual, Low fees with CET, Minimal KYC, Strong security |
| BitMart | Established 2017, 300+ coins, Spot/Margin/Futures, Low fees with BMX, Minimal KYC, Strong security |
| Phemex | Established 2019, 100+ coins, Spot/Futures/Margin, 0% spot fees, Minimal KYC, Strong security |
| BitDelta | Established 2023, 15+ major assets, Spot/Margin/CFDs/Derivatives, Low fees, Basic KYC, Strong security |
| CoinSpot | Established 2013, 530+ coins, Spot/Swap/Staking, Full KYC, Strong security, Fiat support |
| Bitrue | Established 2018, 700+ coins, Spot/Margin/Futures/Staking, Low fees, Minimal KYC, Strong security |
1.Binance
For Asian traders, Binance stands out as a key competitor to Bybit and OKX, given its unparalleled liquidity, wide selection of cryptocurrencies, and sophisticated trading tools. Its supportive local language coverage expands across Asia as well as its low fees appealing to novices and veterans alike.
In terms of security, Binance employs SAFU funds, two-factor authentication, and cold storage. Innovative products such as staking, and futures as well as round-the-clock responsive customer support makes Binance a leader among Asian crypto traders.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 600+ coins, including major and altcoins |
| Trading Types | Spot, Margin, Futures, Options, P2P |
| Fees | Low trading fees (0.1% spot, discounts with BNB token) |
| KYC Requirement | Minimal for small trades; full KYC required for higher limits |
| Security | Two-factor authentication, SAFU fund, cold storage |
| Customer Support | 24/7 live chat and ticket support |
| Deposit/Withdrawal | Crypto deposits/withdrawals; fiat via multiple local channels |
2.KuCoin
KuCoin competes with Bybit and OKX for the attention of Asian traders because of its broad selection of coins, intuitive interface, and low KYC restrictions. It also supports numerous local languages, broadening its reach throughout the region.
In addition to robust security features like two-factor authentication and cold storage, KuCoin offers advanced trading options like futures, margin, and P2P trading, as well as strong security. It also serves a broad range of Asian crypto users thanks to low trading fees and reliable customer service which is available 24/7.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 600+ coins, including major and altcoins |
| Trading Types | Spot, Margin, Futures, P2P |
| Fees | Low trading fees (0.1% spot, discounts with KCS token) |
| KYC Requirement | Minimal for basic trading; full KYC required 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 |
3.Bitget
Bitget competes with Bybit and OKX as one of the go to options for Asian traders because of its focus on derivative trading and its copy trading feature. It is quite user friendly since it offers various Asian languages, has a wide selection of cryptocurrencies for spot and futures trading and offers both spot and futures trading.
The exchange enforces strong security measures like cold wallets and two factor authentication while charging low trading fees. The ability to follow traders on the platform is especially valuable for novices, which is an advantage of social trading on Bitget. It is perfect for Asian crypto users because it provides them with the help and help they need.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 200+ coins, including spot and derivatives |
| Trading Types | Spot, Margin, Futures, Copy Trading |
| Fees | Low trading fees (0.1% spot, competitive derivatives fees) |
| KYC Requirement | Minimal for small trades; 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.Gate.io
For Asian traders, Gate.io stands alongside Bybit and OKX due to its wide array of cryptocurrencies and cutting-edge trading options. With its multiple Asian language offerings, it is easy to use for a broad range of users.
Gate.io furnishes advanced trading options such as margin trading, futures trading, and perpetual contracts, all at a low fee and high liquidity. User funds are well safeguarded due to cold wallets and two-factor authentication. Due to the distinct characteristics such as Launchpad token sales and a wide range of investment products, Gate.io stands out for Asian traders looking for innovation and variety.
| Feature | Details |
|---|---|
| Established Year | 2013 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 1000+ coins, including major and altcoins |
| Trading Types | Spot, Margin, Futures, Perpetual Contracts |
| Fees | Low trading fees (0.2% spot, discounts for GT token holders) |
| 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; fiat via partner payment channels |
5.CoinEx
CoinEx stands out as a serious competitor for Bybit and OKX among Asian traders, because it concentrates on altcoins and provides innovative trading features. With several Asian languages available, it is convenient for local users. Offering competitive fees, CoinEx allows both beginners and advanced traders to engage in spot and margin trading as well as perpetual contracts.
User funds are secured with strong measures, including two-factor authentication and cold storage. CoinEx’s appeal and effectiveness as a platform for Asian crypto enthusiasts is further enhanced by altcoin-focused features such as zero-fee promotions and rapid transaction processing.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 200+ coins, including major and altcoins |
| Trading Types | Spot, Margin, Perpetual Contracts |
| Fees | Low trading fees (0.1% spot, discounts with CET token) |
| KYC Requirement | Minimal for basic crypto trading; full KYC 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 |
6.BitMart
For Asian traders, BitMart provides a considerable competitive advantage over Bybit and OKX due to its easy-to-navigate interface and broader selection of altcoins. BitMart’s platform supports several Asian languages, which greatly enhances accessibility for users from the region. It has a spot, margin, and futures trading option which has low fees and is suited for both beginner and advanced traders.
User funds are protected with cold storage and other security features such as two-factor authentication. BitMart is appealing and multifunctional for Asian cryptocurrency traders especially because of the unique offerings like staking and other projects available on the launchpad.
| Feature | Details |
|---|---|
| Established Year | 2017 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 300+ coins, including major and altcoins |
| Trading Types | Spot, Margin, Futures |
| Fees | Low trading fees (0.1% spot, lower with BMX token) |
| 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 system |
| Deposit/Withdrawal | Crypto deposits/withdrawals; limited fiat via partners |
7.Phemex
Phemex stands out as a fierce rival for Asian traders when compared to Bybit and OKX, especially with its zero-fee spot trading and robust derivatives trading features. Offering multiple Asian languages, Phemex provides a seamless interface for users from the region.
Catering to both novice and professional traders, Phemex features margin and futures trading with high liquidity and low fees. Its security features also provide fund safety with cold wallets and two-factor authentication. Fast withdrawals, cold wallets, two-factor authentication, and an institutional-grade infrastructure make Phemex extremely efficient and reliable for Asian crypto users.
| 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 required 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.BitDelta
BitDelta now poses significant competition for Bybit and OKX among Asian traders, standing out with its fully integrated multi-asset trading platform. Starting its operations in 2023, BitDelta features multiple assets such as cryptocurrencies, stocks, commodities, and even derivatives, all accessible in one place. This multi-asset model gives traders an easier way to diversify their portfolios.
The platform has received accolades for its strong security, placing in the top five exchanges for crypto security globally. Moreover, BitDelta’s crypto buying with debit and credit cards, staking, and referral programs make the platform even more attractive to both seasoned and new traders. Focused on ease of use and top-notch security, BitDelta is an attractive option for Asian traders looking for a more adaptable and safe trading platform.
| Feature | Details |
|---|---|
| Established Year | 2023 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 15+ major cryptocurrencies |
| Trading Types | Spot, Margin, CFDs, OTC, Derivatives |
| Fees | Low trading fees; competitive spreads |
| KYC Requirement | Basic KYC (ID + selfie) for full access; minimal KYC for limited access |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket system |
| Deposit/Withdrawal | Crypto deposits/withdrawals; fiat via partners |
9.CoinSpot
CoinSpot is a well-known cryptocurrency exchange in Australia that competes with Bybit and OKX for Asian traders. Founded in 2013, CoinSpot has a simple interface which supports more than 530 cryptocurrencies, with Bitcoin and Ethereum being some of the most well-known. The exchange has unparalleled convenience with instant buy/sell, staking, and a crypto credit card.
Traders are provided with a safe environment for crypto trading with CoinSpot’s rigorous security protocols that include ISO 27001 certification and two factor authentication. Traders are also facilitated with real-time deposits and withdrawals through the exchange’s PayPal integration .These features make CoinSpot an attractive option for Asian traders seeking a reliable and user-friendly platform for cryptocurrency trading.
| Feature | Details |
|---|---|
| Established Year | 2013 |
| Supported Languages | Primarily English; limited Asian language support |
| Cryptocurrencies | 530+ coins, including major and altcoins |
| Trading Types | Spot, Swap, Staking, OTC |
| Fees | Low trading fees starting from 0.1%; higher spreads on some pairs |
| KYC Requirement | Full KYC required for all users; includes ID verification and proof of address |
| Security | Two-factor authentication, cold storage, customizable withdrawal settings |
| Customer Support | 24/7 live chat and ticket system |
| Deposit/Withdrawal | Crypto deposits/withdrawals; fiat via PayID, BPAY, and POLi |
10.Bitrue
Founded in 2018 and based in Singapore, Bitrue has swiftly risen as a competitor to Bybit and OKX, particularly for Asian traders. Bitrue has more than 800 supported cryptocurrencies, and offers spot, futures, and leveraged ETF trading on Bitcoin, Ethereum, and XRP. Among Bitrue’s distinct offerings are user-friendly and “Power Piggy” staking programs which allows users to earn daily rewards and has easy-to-use interface for both new and experienced traders.
Bitrue also offers advanced security features such as multi-signature wallets and two-factor authentication, ensuring user assets are protected. These strengths position Bitrue as a go to platform for trading in Southeast Asia while providing advanced security features.
| Feature | Details |
|---|---|
| Established Year | 2018 |
| Supported Languages | Multiple Asian languages |
| Cryptocurrencies | 700+ coins, including major and altcoins |
| Trading Types | Spot, Margin, Futures, Staking, OTC, DeFi (via Bitrue Alpha) |
| Fees | Low trading fees; competitive spreads |
| KYC Requirement | Minimal for basic trading; full KYC required for higher withdrawal limits |
| Security | Two-factor authentication, cold storage, withdrawal whitelist |
| Customer Support | 24/7 live chat and ticket system |
| Deposit/Withdrawal | Crypto deposits/withdrawals; fiat via partners |
Conclusion
In summary, Asian traders have a multitude of powerful alternatives to Bybit and OKX, each tailored to specific trading preferences and offering notable benefits. Binance and KuCoin are best known for their extensive lists of coins, high liquidity, and sophisticated trading tools. Exchanges like Bitget, Gate.io, and Phemex are known for innovative features such as copy trading, futures, and zero-fee spot trading.
Regionally focused platforms such as CoinEx, BitMart, CoinSpot, Bitrue, and StormGain are distinguished by their simple and convenient systems, strong security, and multilingual customer support. The selected competitors allow Asian traders to enjoy safe, multifunctional, and high-performance crypto trading.
FAQ
What makes an exchange a good competitor to Bybit and OKX for Asian traders?
Key factors include high liquidity, a wide range of cryptocurrencies, advanced trading features, low fees, multilingual support, and strong security measures tailored for Asian users.
Which exchanges support multiple Asian languages?
Binance, KuCoin, Bitget, Gate.io, Phemex, BitMart, CoinEx, StormGain, and Bitrue all offer multilingual support to cater to diverse Asian users.
Are these alternative exchanges secure?
Yes, most reputable competitors implement strong security measures such as two-factor authentication, cold wallets, and withdrawal whitelists to protect user funds.
