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OKX vs Bybit

OKX or Bybit – which is better for UK traders 2024? Compare OKX and Bybit in this detailed breakdown of their platforms, features and fees.

OKX vs Bybit Comparison Table 2024
OKX	Bybit

4.1	3.1
OKX is ranked #6 among crypto brokers.	Bybit is ranked #83 among crypto brokers.
Review	Review
OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.	Bybit has closed or no longer accepts UK clients. Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018.
Pros
There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins You can access a wide range of trading products, including futures, options and perpetual swaps via a mobile app or desktop platform OKX maintains an excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history There's a vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively Crypto staking and pools are available with competitive mining fees from 2%	Dual price mechanism reducing unfair liquidations Increased profit potential with leverage up to 1:100 24/7 customer help from a multilingual service team No limits on trades and withdrawals on any account Best-in-class market depth, minimum price impact trade execution Industry-leading cold wallet strengthens security and improves the safety of funds A useful risk management tool protecting retail traders against unfavorable price fluctuations 100,000 TPS per contract which results in no overloads with an ultra-fast matching engine that is 10x the industry average Retail clients can easily swap between supported coins within accounts, take profit and stop loss, strategy alerts, and adjust orders
Cons
The firm offers limited regulatory oversight, though this is common among crypto brokers The quality of customer support was inconsistent based on testing The broker's platform and features may be complex for novices	Bybit is not currently regulated in any country Residents of some countries are restricted from opening an account, including clients from the US
FCA Regulated
No List of FCA Regulated Brokers	No
Instruments
Spot, futures, perpetual swaps, options	Cryptos, Futures
Demo Account
Yes	Yes
Minimum Deposit
10 USDT	$0
Payment Methods
Apple Pay Banxa Credit Cards Google Pay Mastercard PayPal Simplex Visa Wire Transfer	Credit Cards Mastercard Visa Wire Transfer
Minimum Trade
Variable	0.001 Lots
Regulator
VARA
Mobile Apps
Android & iOS	Yes (iOS & Android)
iOS App Rating

Android App Rating

Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
Yes	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
Yes	Yes
Spot Trading
Yes	Yes
Auto Trading
Yes	Via 3rd party software
Copy Trading
No	Yes
Copy Trading Platform
	Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge.
Social Trading
No	No
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
USD EUR GBP INR JPY SGD RUB AED SAR	EUR GBP TRY RUB
Cryptocurrency
OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.	Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options.
Spread
Variable	Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1%
Coins
BTC XCH ETH OKB OKT LTC DOT ADA DOGE XRP USDT ICP BCH LINK XLM ETC MATIC THETA UNI TRX EOS FIL XMR NEO USDC AAVE SHIB LUNA KSM BSC ATOM IOTA ALGO XTZ CRO MKR BTT CEL LEO WBTC WAVES KLAY DASH XEM COMP SNX ZEC DCR SUSHI SOL EGLD DAI BTG ZEN NANO KISHU	BTC ETH EOS XRP USDT BCH LINK XTZU LUNA SRM TRX RUNE THETA STRM YFI WAVES DXPX ENS USDC ADA BEL BIC REN MKR LING CN98 CAKE CAPS BUSD BTT CBX CELO BTG BUSD KLAY BNB DOT AGLA AGLD LING DOME FIU FLOKI FITFI HOT ALGO FCD APEX AXS BAT ANKR BNT BOBA ALGO FIDA FL UNI AAVE SUSHI XEM APE ATOM AVAX DOGE ETC FTM LTC MATIC SAND SWEAT DLC AXS CHZ OP OKSE ZEN ZIL ZRX ACH ACM DYDX ELT FTT HERO NEXO MKR QMALL QNT REAL TRIBE INTER FAME REN ENS ELT ELJ DICE DRIV FLOKI FLOW GENE GMX IME KRL KOK NFT LWF KMON KASTA ICX CRAFT CWAR CTC CULT DEFY DFI DICE DRIV GSTS JST GODS IZI JASMY ERTHA COMP
Crypto Lending
Yes	Yes
Crypto Mining
Yes	Yes
Crypto Staking
No	Yes
Auto Market Maker
No	No

OKX	Bybit
Review	Review
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