Bybit is said to be one of the top cryptocurrency exchanges in the world. And OKX, which is called equivalent to Bybit, is also a famous exchange. When choosing an exchange, I would like to compare the functions and features of which one is better.
What is Bybit?
Bybit is a cryptocurrency exchange based in Dubai. This exchange is considered to be the top level in the world and has a large number of users. Below you will find an overview of our company. Please try to reference.
What is OKX?
OKX is a Seychelles-based cryptocurrency exchange. With over 350 types of cryptocurrencies handled, it is considered one of the top cryptocurrency exchanges in the world. From January 2022, the name was changed to the current “OKX”, and it is used by many traders in more than 200 countries around the world, so there are many users. Currently, the trading volume has grown to the top level in the world.
Distribution and comparison of registered users
Bybit’s users are mainly concentrated in Japan. Other than that, there are many users in the United States, Germany, South Korea, etc. Overall, we have a large number of users in East Asia and North America. Other than that, we have users in South America. This is influenced by Bybit’s push for global expansion.
OKX is mainly based on the African continent. There are many users in Egypt and Saudi Arabia in the African continent, and there are also many users in India. Overall, users are concentrated in the Middle East to Africa.
Global Cryptocurrency Exchange Ranking 2023
Bybit ranks 5th and OKX ranks 7th on coinmarketcap.com.
OKX ranks 4th and Bybit ranks 8th on coinranking.com.
OKX is ranked 2nd and Bybit is ranked 10th on cryptorank.io.
Bybit VS OKX
|Number of Crypto Currencies||150～||350～|
|Base Account Currencies||Crypto||USD, EUR, GBP and 30+|
|Deposit Method||Buy crypto |
|Support||24/7 Live Support|
|Crypto Margin Trading||〇||〇|
|P2P Crypto Exchange||〇||〇|
It can be seen that there is little difference in general. As long as there is no difference in terms of overall functionality, it is a good idea to let the person decide which one they prefer, or try both.
The support center is definitely better on Bybit. With live support and 24/7 support, it’s definitely more convenient than OKX.
Handling virtual currency
OKX definitely has more cryptocurrencies. The overwhelming number of transactions of 350 clearly exceeds Bybit. If you want to invest in obscure coins, OKX.
In terms of operation period, OKX has a longer period of about 2 years. Therefore, the operation is clearly more stable than Bybit.
I have the impression that OKX has better security measures. That said, Bybit is also fairly secure, so it doesn’t matter which one you choose.
learning to trade
Bybit is clearly better for practicing and learning to trade. Bybit has a lot of teaching materials.
Bybit account opening
Bybit account opening is possible from the following. The article below explains how to set it up. Please try to reference.