https://ift.tt/kViFMxt ByBit alternatives: top competitors and exchanges better than ByBit

On Binance, you can buy, sell, and trade a large number of cryptos with low fees. Two Factor Authentication, cold storage, and multi-sig wallets provide Binance users excellent security. It is considered one of the most secure cryptocurrencies exchange in the crypto sphere. Binance supports spot trading, margin trading, P2P trading, futures, earn (locked savings, fixed savings, yield farming, and DeFi staking), mining, and staking pools. You can trade more than 350 cryptos and over 1300 trading pairs.

Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.1%
Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

  Low fees
  High liquidity
  Lite and Pro version
350+ cryptos and 20+ fiat currencies

Not accessible to U.S. users
Hacked in 2019

hey tried luring new customers with incredibly high leverages (100x) and more recently, by entering a partnership with Covesting, a cryptocurrency social trading platform started back in 2017 that has its own token dubbed COV.

So far, judging by the trading volumes, they did a moderately good job as the platform is not even among the top 20 derivative exchanges according to Coingecko data.

Deposit fees:
Free
Withdrawal fees:
0.0005 BTC
Trading fees:
0.05%
Payment Methods:
Crypto only
Supported fiat:
None

  No skills needed to start using it
  Easy to use
  High leverage
Low fees

Unregulated
Limited number of coins

FTX is available to 100+ different countries worldwide, and it offers its users more than 300 cryptocurrencies to buy, sell, and trade with over 450 trading pairs. FTX supports spot trading, margin trading, futures, OTC, leverage, NFTs, and many more. FTX has a mobile app that is available to both Android and iOS.

Deposit fees:
Free
Withdrawal fees:
Vary from crypto to crypto
Trading fees:
0.01 – 0.07 %
Payment Methods:
Wire Transfer, SEPA, Credit Card, Silvergate Exchange Network (SEN), PayID, Signature SIGNET, and cryptocurrency
Supported fiat:
USD, HKD, GBP, EUR, AUD, SGD, CAD, ZAR, BRL, and CHF.

  Quick and easy to use
  Many cryptos and fiat currencies supported
  So far, no hacking incidents

There is no live chat support
Not available in the USA

In the last couple of year, Bitmex got some competition to deal with – primarily from Bitfinex and PrimeXBT but also “regular” exchanges like Binance and Kraken adding leveraged trading to chop away from Bitmex’s pie.

Deposit fees:
Free
Withdrawal fees:
N/A
Trading fees:
0.075%
Payment Methods:
Crypto only
Supported fiat:
None

  Futures and derivates trading
  Many advanced features available
  Low fees

Not suitable for beginners
No fiat deposits / withdrawals available

StormGain’s recipe for success lies in the advanced features it offers. Advanced charting and trading tools, trade alerts, and a contract settlement in Tether (USDT) stablecoin are just some of the examples.

The platform also provides users with margin trading, derivatives, futures trading, and leveraged trading features. Leveraged trading is by far the most popular since StormGain offers up to 200x leveraged trading.

Deposit fees:
Free for crypto and 5% for fiat deposits
Withdrawal fees:
0.1 %
Trading fees:
0.095 % (BTC)
Payment Methods:
Credit/Debit Card and Third-party methods
Supported fiat:
USD and none for withdrawal

  High leverage
  Competitive fees
  Great customer support

It is not regulated
Doesn’t support crypto-to-fiat exchanges

It is one of the newer crypto derivative exchanges on the market. While everything around it looks and sounds appealing, Phemex still has things to prove.

Deposit fees:
Free
Withdrawal fees:
0.0005 BTC
Trading fees:
0.025% – 0.075%
Payment Methods:
Only BTC
Supported fiat:
None

  No KYC process
  Quick transaction time
  Mobile apps for Android and iOS

US citizens aren’t allowed to trade
not battle-tested

This exchange is based in Panama and is not available in the U.S. or Japan, but it supports most other countries around the world. 

Deposit fees:
Free
Withdrawal fees:
Depends on the current state of the Bitcoin network
Trading fees:
0.05%
Payment Methods:
Only BTC
Supported fiat:
None

  Leveraged trading up to 100x on perpetual swaps
  Robust security features
  Options and futures trading available

Too complicated for new crypto investors
Not available in the U.S. or Japan
No fiat currency support

Like many similar exchanges, Margex is also a bitcoin-only platform when it comes to withdrawals. However, you can deposit funds with either bitcoin or fiat, thanks to their integration with Changelly, a service where you can buy crypto with credit and debit cards.

Deposit fees:
Free
Withdrawal fees:
You only pay the miners fees, Margex charges no extra cost.
Trading fees:
0.019% – 0.060%
Payment Methods:
You can deposit fiat via Changelly platform
Supported fiat:
USD

  Lowest fees in the industry
  High leverage
  No KYC

Relatively new platform
Not available in the U.S. or Japan
Anonymous company behind the platform