ByBit vs OKEx: Fees, Coins, Safety Comparison
| Feature | ByBit | OKEx |
|---|---|---|
Overall |
4.9 |
4.5 |
3.1 |
4.4 |
|
5.0 |
5.0 |
|
5.0 |
4.6 |
|
Investment Instruments |
5.0 |
5.0 |
Platforms and Charting Tools |
4.9 |
4.2 |
Deposit and Withdrawal |
4.0 |
4.1 |
Research |
4.2 |
3.9 |
Education |
4.1 |
4.7 |
Support |
4.5 |
4.1 |
Bonuses |
5.0 |
4.2 |
|
Your capital is at risk.
|
Your capital is at risk.
|
ByBit vs OKEx: Pros and Cons
The Bybit cryptocurrency exchange first appeared in 2018. It is a standalone derivatives trading platform with inverse and perpetual futures contracts with up to 1:100 leverage. Quarterly USD futures are available at Bybit in combination with BTC, ETH, XRP, EOS, LTC, and multiple tokens. There is a linear futures contract on BTC/USDT. The exchange has several technological advantages: it provides for mutual insurance of market participants against possible sharp price movements. There are offsets for long and short positions, and there is market depth.
The OKEx crypto exchange is a platform for exchanging and trading cryptocurrencies, that offers over 400 trading pairs, including pairs with fiat funds. Bitcoin, Litecoin, Ethereum, Cardano, as well as other cryptocurrencies and tokens are traded on the platform. Funds can be deposited from debit cards (Visa, MC), bank accounts, cryptocurrency, and e-wallets. There are spot and margin trading, futures, perpetual swaps, options, and DEX. Four investment solutions with flexible periods are presented.
| ByBit | OKEx | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:100 | Low trading fees |
| Derivatives, NFT Available | 350+ supported coins | |
| Zero fee spot trading | spot and margin trading, futures and other options; | |
| Deposit Fee – 0% | Crypto academy | |
| Passive Income With Staking, DeFi Mining, Multi Currency deposits, Principal-Protected Investment | universal cryptocurrency wallet and mining pool; | |
| Strong Research | training academy with detailed courses and guides; | |
| low commissions that are additionally reduced with an increase in trading volume. | ||
| Overall Cons | No tier-1 regulation | Limited access in the US |
| No Fiat Deposit and Withdrawal |
ByBit vs OKEx: Safety and Regulation
| Regulated By: | ByBit | OKEx |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
Yes |
No |
Other countries |
Austria’s Financial Market Authority (FMA), Georgia, Kazakhstan |
ByBit vs OKEx: Trading Conditions
| Trading Conditions | ByBit | OKEx |
|---|---|---|
Minimum deposit, USD or USDT |
1 |
10 |
Futures leverage |
100 |
125 |
Spot leverage |
10 |
10 |
Supported Coins |
638 |
329 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
1 |
1 |
ByBit vs OKEx: Fees
| Fee | ByBit | OKEx |
|---|---|---|
Spot Taker fee |
0,1 |
0,1 |
Spot Maker fee |
0,1 |
0,08 |
Futures Taker fee |
0,055 |
0,05 |
Futures Maker fee |
0,02 |
0,02 |
Deposit fee |
No |
No |
Withdrawal fee |
0,000111 ВТС 0,0015 ETH (ERC20) |
0,0004 BTC 2,6 USDT |
P2P taker fee |
No |
No |
P2P fee rate, maker fee |
No |
No |
ByBit vs OKEx: Trading Assets
| Asset Name | ByBit | OKEx |
|---|---|---|
Coins Supported |
638 |
329 |
P2P |
Yes |
Yes |
Perpetual contracts |
Yes |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
Yes |
Yes |
Futures |
Yes |
Yes |
ByBit or OKEx: Investment Programs
| Asset Name | ByBit | OKEx |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yield farming |
No |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: OKEx or ByBit
| ByBit | OKEx | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: OKEx or ByBit
| ByBit | OKEx | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: OKEx or ByBit
| ByBit | OKEx | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: OKEx or ByBit
| ByBit | OKEx | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: OKEx or ByBit
| ByBit | OKEx | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
ByBit vs OKEx: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ByBit | OKEx |
|---|---|---|
Bank Transfer |
No |
No |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
ByBit vs OKEx: Research
| Research Type | ByBit | OKEx |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
Yes |
Yes |
ByBit vs OKEx: Education
| Education Type | ByBit | OKEx |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
Yes |
OKEx vs ByBit: Support
| Support Features | ByBit | OKEx |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
Telegram |
No |
ByBit vs OKEx: Crypto Bonuses and Promo
| Promo | ByBit | OKEx |
|---|---|---|
Crypto Bonus |
Complete tasks and get up to $580 |
100 satoshi for Make a demo trade,Subscribe to an Earn product, Trade any amounts of crypto, Refferal welcome bonus up to $100 |
Affiliate Program |
$20 per invited user, up to $50 deposit bonus |
Up to $500 |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on OKEx
-
Comment
I came to the OKX exchange because of its large selection of trading pairs — really over 400 options, including pairs with fiat and stablecoins. I was pleasantly surprised by the 0.06% fee, which turned out to be lower for me than on the previous platform where I traded. I started with a minimum deposit of $1, initially testing the market a bit with limit orders. In the first month, I made a profit of 53 USDT without making aggressive trades. I liked the functionality of swapping between cryptocurrencies without unnecessary restrictions.
-
Comment
I was drawn to the OKX platform because of its academy with guides and crypto courses — a rare feature for exchanges. It offers both a trading terminal and a separate wallet with access to liquidity pools. However, the leverage is limited to 1:1, which reduces flexibility. On the plus side, there are referral rewards — up to 10 USDT and bonuses based on trading volume. Still, the lack of a fully localized Russian version of the website makes navigation a bit more difficult.
-
Comment
OKX is a good fit for those who prefer a broad ecosystem. It offers derivatives, options, and a DEX. You can trade using both market and limit orders. With a 0.08% commission, it’s cost-effective for high-volume trading — plus, discounts apply. Support is available 24/7, though not always responsive. On the downside, not all coins are available for direct withdrawal, especially in smaller amounts.
-
Comment
The OKX platform provides access to over 400 trading pairs, including pairs with 30 global currencies. This is convenient, especially if you’re trading not only in crypto but also looking to use stablecoins. Leverage is fixed at 1:1, with no margin trading. On the plus side, the mobile app is stable, and there’s a built-in crypto wallet with access to mining. The downside is noticeably higher fees on fiat transactions.
-
Comment
Made some decent profits on OKX recently using a scalping strategy with Uniswap (UNI). Basically, buying low and selling high within short timeframes to capture small price movements. It's a bit nerve-wracking, but it can be profitable if you're quick on your toes. OKX's platform is alright for scalping, but the mobile app needs some work. The charts can get laggy sometimes, especially during high-volume periods. Not ideal when you need to react fast to make a trade. Would love to see them improve the app's performance for mobile traders. Overall, happy with the platform for scalping, but the mobile app could definitely be smoother.
Top 5 Reviews on ByBit
-
Comment
I discovered Bybit through recommendations in trader chats. What first caught my attention was the low minimum deposit — just $1 — so I decided to try trading derivatives. I trade BTC/USDT and ETH/USDT pairs and was pleased with the deep order book and fast execution speed. The leverage goes up to 1:100, which is useful for testing different strategies. After a month of active trading on Bybit, I managed to grow my deposit by 12%. I also liked the mutual loss protection feature — when prices drop sharply, part of the losses is covered. The trading fees are market-standard: not the lowest, but still reasonable.
-
Comment
I signed up to take advantage of up to 1:100 leverage and to assess the order book depth. Orders are executed quickly. Commissions are market-standard, but there are maker bonuses that help reduce costs. Among derivatives, I use EOS/USDT and LINK/USDT. Withdrawals are only available in crypto, but I haven't encountered any issues. There's a single account for all types of futures, which is convenient — no need to switch between accounts.
-
Comment
Bybit is a platform focused specifically on futures and derivatives, while classic crypto trading is limited — mostly USDT pairs. The minimum entry is just $1, and the maximum leverage is 1:100. That’s great, but it requires discipline. I also give a plus for the fact that the BTC/USDT futures contract costs just $1 — perfect for testing strategies without much risk. I don’t use the mobile app; I trade exclusively through the web.
-
Comment
The order system is well thought out. There are both market and conditional orders, plus the market depth through the order book allows you to assess volumes. I trade BTC/USDT and ETH/USDT — everything works smoothly with them. The trading commission is about standard. I top up my account via Visa, and it's convenient that the fiat gateway is supported. I trade futures with a leverage of 1:50 — optimal for risk management.
-
Comment
After using Bybit for crypto, I decided to try Forex trading through MT5. At first, I didn’t fully understand how automatic leverage works, but eventually figured it out - it’s fixed per contract and cannot be changed. It’s good that deposits are free and withdrawals have fixed rates depending on the coin. I haven’t seen any hidden fees or markup. Everything is ECN as stated. Trading via the MT5 mobile version is convenient, but support response times can be slow.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.