With the influx of crypto platforms, traders need to be cautious in order to refrain from scams, but there are some alternatives to Bybit. With its responsive interface, high liquidity, and expanding spot market, it’s a top choice for active traders. But there are other exchanges with better tools, leveraged trade, and fast execution time.
If you’re looking for lower fees, broader altcoin support, better copy trading features or if you simply want to diversify between platforms, then this list of the 5 best Bybit alternatives for derivatives and spot trading in 2025.
1. OKX
Best suited for: Accessible trading in DeFi and Web3.
OKX is a versatile one-platform solution for spot, futures, margin, and options trading, supported by a built-in Web3 wallet. OKX is one of the better options for traders who want to alternate between centralized and decentralized tools seamlessly.
Why It’s a Strong Bybit Alternative:
- Spot and futures markets with high liquidity
- High-end tools for trading, including charting and risk control
- Use of locking, income farming, and advanced token offerings
- Inexpensive trading costs and adaptable leverage options
Traders that enjoy Bybit for its futures trading will feel right at home with OKX but benefit from a larger ecosystem.
2. Binance
Ideal for: Ample liquidity and an extensive selection of trading tools.
Binance offers the widest range of cryptocurrency trading products, from spot to futures and options to leveraged tokens. This variety sets Binance apart from its competitors. Although its interface may overwhelm new traders, it is a powerhouse for experienced traders.
Why It’s a Strong Bybit Alternative:
- High trading volume across major pairs
- Advanced margin and futures platform
- Discount programs for high-volume users
- Frequent listings and new features
If you are trading frequently and want maximum access to liquidity and features, Binance is one of the best alternatives to consider.
3. Bitget
Most Unique Feature: Best for copy trading!
Bitget has become a key player in the crypto space largely thanks to features for copy trading and social trading. It also allows manual trading and passive trading for spot and futures markets.
Why It’s a Strong Bybit Alternative:
- Many verified traders available for copy trading
- High-speed futures trading engine
- Reduced fees and regular trading contests
- User-friendly onboarding experience
Bitget is an excellent choice for users who like Bybit’s execution quality but want to try strategy automation without complex bots.
4. Kraken
Ideal for: Safety, regulation, and futures trading.
Kraken is a US-based exchange with a strong focus on security and regulation. Though it doesn’t offer the same high leverage or gamified experience as Bybit, it provides reliable margin and futures trading in a well-regulated environment.
Why It’s a Strong Bybit Alternative:
- Trusted, long-standing exchange
- Supports futures in select regions
- Licensed in the US, EU, and other major markets
- Excellent fiat support and customer service
Traders who prioritize trust, transparency, and compliance over high leverage can use Kraken as a solid alternative.
5. MEXC
Suitable for: Trading new coins and inexpensive derivatives.
MEXC has gained a large user base due to its rapid token listings, low trading fees, and strong futures market. It’s a great pick for traders looking to catch early market moves with leverage.
Why It’s a Strong Bybit Alternative:
- Access to low-cap and trending tokens
- Leverage up to 200x on select pairs
- Frequent airdrops, promotions, and fee discounts
- API and grid bot tools for active traders
If you want to be early to promising altcoins or take advantage of high leverage, MEXC is a fast and low-cost option.
Comparison Table
| Exchange | Key Strengths | Best For |
|---|---|---|
| OKX | DeFi + centralized flexibility, built-in wallet | Traders seeking both CEX and Web3 |
| Binance | High liquidity, deep markets, pro tools | High-volume and pro-level traders |
| Bitget | Copy trading, user-friendly, automation | Social traders and strategy followers |
| Kraken | Security, regulation, fiat gateways | Regulated long-term traders |
| MEXC | Altcoin access, high leverage, low fees | Altcoin hunters and fast movers |
Final Thoughts
Bybit is probably one of the best exchanges around. It allows anyone actively trading crypto to try other options. Although the Bybit platform is great for professional traders, it pays to keep your options open. The state of crypto markets and the tools available are always changing and evolving.
You will get a quality experience on these Bybit alternatives in 2025 if you’re looking for stronger regulation, different trading strategies, access to early-stage tokens and more.
Each platform has its own strengths:
- OKX for versatility
- Binance for volume and depth
- Bitget for copy trading
- Kraken for trust
- MEXC for quick trading and altcoin access
Think about your trading goals, preferences, and regional access before switching. Trying multiple platforms with small balances can help you decide what’s right for you.