When comparing cryptocurrency exchanges, Bybit and OKX stand out as top contenders. Both platforms offer unique features tailored to traders of all levels. This comprehensive guide evaluates their fees, payment methods, security, supported cryptocurrencies, and more to help you decide which exchange suits your needs in 2025.
Overview: Bybit vs OKX
Bybit
- Founded: 2018
- Headquarters: Singapore
Key Features:
- Spot, margin, and derivatives trading
- Low fees (0.1% spot, 0.01%/0.06% futures)
- Copy Trading and automated bots
- NFT trading and passive income products
OKX
- Founded: 2017
- Headquarters: Seychelles
Key Features:
- 250+ cryptocurrencies and 380+ spot pairs
- Advanced derivatives (futures, options, perpetuals)
- NFT marketplace and crypto wallet
- Competitive fees (0.08%/0.10% spot)
👉 Explore OKX’s advanced trading tools
Fees Comparison
| Fee Type | Bybit | OKX |
|---|---|---|
| Spot Trading | 0.1% (maker/taker) | 0.08%/0.10% |
| Futures | 0.01%/0.06% | 0.02%/0.05% |
| Deposits | Free (crypto) | Free (crypto) |
| Withdrawals | Network fee | Variable per coin |
Winner: Bybit for lower derivatives fees.
Payment Methods
- Bybit: Credit/debit cards, P2P, bank transfers.
- OKX: Cards, bank transfers, PayPal, Wise, and third-party processors.
👉 Check OKX’s P2P payment options
Winner: OKX for broader payment flexibility.
Features Breakdown
Trading Markets
- OKX leads with 250+ coins and 120 perpetual contracts.
- Bybit excels in user-friendly derivatives (150+ contracts).
Unique Tools
- Bybit: Testnet for practice trading.
- OKX: Integrated Web3 wallet for NFTs/DApps.
Security Measures
| Feature | Bybit | OKX |
|---|---|---|
| 2FA | Yes | Yes |
| Cold Wallets | Yes | Yes |
| Withdrawal Review | Manual checks | Automated checks |
Winner: Bybit for manual withdrawal reviews.
Supported Cryptocurrencies
- Bybit: 280+ coins, 30+ leveraged tokens.
- OKX: 250+ coins, 400+ options contracts.
Winner: OKX for diversity.
FAQs
1. Which exchange has lower fees?
Bybit offers marginally lower futures fees (0.01% vs. OKX’s 0.02%).
2. Can I use OKX in the US?
No. Both exchanges restrict US users, but VPNs may work.
3. Which platform is better for beginners?
Bybit’s testnet and Copy Trading simplify onboarding.
4. Does OKX support NFTs?
Yes, OKX includes an NFT marketplace and Web3 wallet.
Final Verdict
Bybit wins overall for:
- Lower fees
- Beginner-friendly tools
- Robust security
However, OKX excels in:
- Cryptocurrency variety
- Advanced trading options
👉 Try OKX for diverse trading pairs
Still researching? Compare more exchanges or read our detailed Bybit review and OKX review.
Key Takeaways
- Bybit: Best for low-cost derivatives and beginners.
- OKX: Ideal for advanced traders and NFT enthusiasts.
- Security: Both prioritize user safety with cold storage and 2FA.
Disclaimer: Cryptocurrency trading involves risk. This content is for informational purposes only.