Bybit Alternatives in November 2026: Options That Work Where You Live

Why people look for a Bybit alternative

Bybit does not serve your country. Bybit’s own Service Restricted Countries page (updated 1 Sep 2026) lists the United States, mainland China, Hong Kong, Singapore, Canada, North Korea, Cuba, Iran, Uzbekistan, Sudan, Syria and the Russian-controlled regions of Ukraine. Dubai is excluded only for one Bybit company, Bybit Virtual Asset Platform Operator LLC. The UK and the EEA are not on the list. Separately, regulators in the Philippines and Thailand have blocked Bybit (Thailand from 28 Jun 2025), according to press reports. (Bybit restricted countries, A, verified 10 Oct 2026)

The UK route is spot and P2P only. Bybit relaunched in the UK on 19 Dec 2025 with promotions approved by Archax, an FCA-authorised firm; no derivatives, according to press reports (B).

The February 2025 hack. On 21 Feb 2025 Bybit was hacked for approximately $1.5 billion, which the FBI attributed to North Korea (FBI PSA, 26 Feb 2025, A). Some lists online date this to 2026; the FBI’s notice is from February 2025. Our Bybit review covers it.

No EU futures. Bybit EU’s MiCA authorisation covers buying, selling and holding crypto, not derivatives, and we found no EU derivatives licence for Bybit (B).

Bybit’s withdrawal rules, for reference. Bybit says an instant withdrawal may take up to 15 minutes to process (A). Its fee per coin is shown on its deposit/withdrawal status page and in the withdrawal window; we have not recorded the amounts. A 24-hour withdrawal block follows password, phone, email or authenticator changes, and compliance holds (“Pending Asset”) have no stated duration. Bybit’s trading and withdrawal costs are set out in our Bybit fees guide.

Alternatives by country

United States

Bybit restricts the US (A). We link only exchanges licensed to serve US customers, and today that is one exchange.

Kraken (spot only; not in Maine or New York; no link in California)

• Licence: Kraken’s US exchange is run by Payward Interactive, Inc., which is registered with FinCEN as a money services business and lists state money transmitter licences (NMLS ID 1843762) on Kraken’s legal disclosures page (updated 11 Aug 2026, A). Its California licence application is still pending, so we show no Kraken link to readers in California.
• Not available to residents of Maine and New York.
• Fees: Kraken Pro starts at 0.40% maker / 0.80% taker (Tier 1, $0+ 30-day volume) and falls with volume: 0.30% / 0.60% from $2,500, 0.20% / 0.35% from $25,000, down to 0.00% / 0.10% at $10M+. Instant Buy in the app charges 1%. Kraken+ is a paid membership with zero trading fees on up to $10,000 a month on major currencies; spreads and card fees still apply. (Kraken fee schedule, A, verified 10 Oct 2026)
• Futures: Kraken’s own pages disagree. Its fee schedule says futures are not available to US customers, while its derivatives eligibility page (updated 28 Jul 2026) says US clients can use Kraken Derivatives US. We record this as “Not confirmed” and link to no Kraken futures product.
• Fiat transfers are unavailable in Indiana, Louisiana, Massachusetts and Utah.
• Withdrawals: Kraken says a crypto withdrawal spends up to 10 minutes in internal checks and up to 10 minutes being passed to its payment gateway before it is broadcast; a withdrawal marked “On hold” is checked manually. After a password change, withdrawals to new addresses are held for up to 24 hours. Limits are dynamic and shown in your account. Withdrawal fees: BTC (Bitcoin) 0.000015 BTC; ETH (Ethereum) 0.00014 ETH; USDT (Tron) 1 USDT; USDT (BEP20) not yet verified (checked 31 Oct 2026) (Kraken withdrawal statuses, A, updated 1 Oct 2026)
• Complaints: Kraken confirms a complaint within 5 business days and aims to respond within 15 (complex cases 30–35). US customers can then go to state regulators or the CFPB (Kraken complaint process, A, updated 7 Oct 2026).
• Record: no 2026 incident found (checked 10 Oct 2026); no platform-wide withdrawal suspension found (checked 11 Oct 2026). Proof of reserves: not published where we could read it.

Coinbase: not confirmed, no link. We have not yet confirmed Coinbase’s US licences or which US states it serves, so we do not link to Coinbase for US readers for now. Its fees are not published where we could read them.

Offshore exchanges are not an option in the US: Binance, Bitget, Bybit, Gate, KuCoin, MEXC and BingX all exclude the US. OKX’s global platform restricts the US; OKX US is a separate company we do not cover.

European Union / EEA

In the EU, Bybit itself is available through Bybit EU GmbH, authorised under MiCA by Austria’s FMA on 28 May 2025, for spot and other MiCA services only; it is not passported to Malta. Bybit EU sets its own fees: since 5 Oct 2026 it charges one rate per VIP level on spot, 0.25% at VIP 0, with no separate maker and taker rates (Bybit EU fee page, A, verified 11 Oct 2026). So if your reason for leaving is the hack or fees, here is what else is on ESMA’s register.

Since 1 July 2026, exchanges serving EU residents need MiCA authorisation. We list only companies on ESMA’s interim register and link only that company, for spot trading. MiCA does not cover futures; those need a separate MiFID II licence, so we note EU futures only where we found one, and we show no futures link to EU readers.

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Source: ESMA interim MiCA register (A), read 10 Oct 2026 (OKX re-checked 20 Oct 2026). Copy trading: we could not confirm copy trading for EU users at any of these companies, so we make no copy-trading claims for the EU.

Coinbase (Coinbase Luxembourg)

• Fees: not published where we could read them. Coinbase’s fee pages did not load for us, and public guides give conflicting figures, so we quote none.
• Futures: press reports say Coinbase launched futures for European users in March 2026 through a Cyprus-licensed company (The Block, B); not confirmed on Coinbase’s pages.
• Record: Coinbase disclosed a customer-data breach on 15 May 2025 involving overseas support contractors; it says no passwords, keys or funds were accessed (Security Affairs, B). Withdrawal rules and fees: not published where we could read them.

Gate (Gate’s EU site)

• Which site: Gate’s MiCA company runs gate.com/en-eu. Gate’s global restricted list (dated Nov 2024) names France, Germany, Spain, the Netherlands, Austria and Malta, so EU readers should use only the EU site (Gate restricted locations, A). Gate is not related to GateHub.
• Fees: Gate’s EU fee page lists 0.10% maker / 0.10% taker on spot at VIP 0 (Gate EU fee page, A).
• Withdrawals: Gate disables withdrawals for 24 hours after any security-setting change and says this cannot be removed early. Limits depend on VIP level and verification; amounts not published. Withdrawal fees: Not yet verified. Gate's fee page (read 31 Oct 2026) lists trading fees by VIP level and 24-hour withdrawal limits, but no withdrawal-fee schedule, so we have not recorded fees per network. (Gate help, A; some pages date from 2020–2022). We found no published complaints procedure for Gate’s EU company.
• Record: no 2026 incident found (checked 10 Oct 2026). Proof of reserves published; we have not recorded its ratios.

Kraken

• Fees: 0.40% / 0.80% at Tier 1, falling with volume (see the US section); Instant Buy 1% (A).
• Futures: offered to EEA clients through its Cyprus company after verification and an appropriateness test (Kraken, A). No link from us.
• Withdrawals and complaints: as in the US section. EU customers can escalate an unresolved complaint to Ireland’s Financial Services and Pensions Ombudsman or FIN-NET, or, for the Cyprus company, the Financial Ombudsman of the Republic of Cyprus (A).

OKX (OKX Europe)

• Fees: 0.08% maker / 0.10% taker on spot is an example rate shown by OKX in its fee FAQ; it varies by region and tier (B). OKX’s own fee table shows 0.20% maker / 0.35% taker for a regular user, and OKX Europe’s fees may differ from OKX’s global platform; check the rate in your account. (OKX fee FAQ and OKX fees, verified 31 Oct 2026)
• Proof of reserves: report 48 showed BTC 110%, ETH 100%, USDT 105%; latest verification 3 Oct 2026 (OKX, A, verified 20 Oct 2026).
• Withdrawals: OKX gives no standard processing time. Withdrawal fees: Not yet verified. OKX adjusts withdrawal fees with network conditions and shows the current fee on the withdrawal page; the fee is charged once per withdrawal, whatever the amount. Deposits are free. OKX Europe customers can file a formal complaint: OKX acknowledges within 5 business days and generally answers within 15 business days, then Malta’s Office of the Arbiter for Financial Services (OKX Europe complaints process, A).
• Record: the Seychelles-based company that operates OKX’s global platform pleaded guilty in the US on 24 Feb 2025 to operating an unlicensed money transmitting business, with penalties of more than $504 million, according to the US Department of Justice (A, verified 20 Oct 2026). No 2026 hack or withdrawal suspension found (checked 11 Oct 2026). Full detail: OKX review.

Not listed in the EU, and why. KuCoin EU Exchange GmbH is on ESMA’s register (FMA Austria, 27 Nov 2025), but Austria’s FMA prohibited new business on 19 Feb 2026, lifted that ban on 18 May 2026 and says commencement of business operations remains prohibited, according to the FMA, so we do not link it. Binance, Bitget, BingX and MEXC have no MiCA authorisation (A).

India

Bybit announced its FIU-IND registration on 6 Feb 2025 (after a Rs 9.27 crore penalty, FIU order of 31 Jan 2025), first restored services on 25 Feb 2025 and restored full app and web access on 8 Sep 2025 (B). If you are in India, you probably do not need a Bybit alternative; our Bybit review covers its Indian rupee routes and TDS handling.

If you still want one, these exchanges have evidence of FIU-IND registration. FIU-IND publishes no public register, so every India status here is B at best. We link Indian readers to spot trading only, and the lists below are alphabetical within each group, not ranked.

Indian exchanges (direct INR deposits)

• CoinDCX: says it is registered with FIU-IND. INR deposits by IMPS, NEFT or RTGS, or UPI in the app. On 19 Jul 2025 an internal CoinDCX account was hacked (about $44M, per CoinDCX); CoinDCX says customer funds were not affected (see the box below).
• CoinSwitch: says it is registered with FIU-IND. INR deposits by UPI, IMPS or NEFT. We found no incidents; the latest proof of reserves we found is a snapshot from 30 Sep 2024.
• Mudrex: says it is registered with FIU-IND. INR deposits by UPI, IMPS or NEFT. Mudrex paused crypto withdrawals from 11 Jan 2025 (planned to last until 28 Jan 2025). It charges a 2% crypto withdrawal fee (minimum $0.50) plus the network fee, according to secondary sources.
• ZebPay (listed, no link): says it is registered with FIU-IND. INR deposits by NEFT/RTGS or UPI. It charges an inactivity fee of 0.0001 BTC plus 18% GST for each full month without a trade or active Earn contract, according to ZebPay’s help centre. We compare ZebPay but do not link to it.

Global exchanges with FIU-IND evidence

• Binance: registered after a Rs 18.82 crore penalty (FIU order of 19 Jun 2024), according to press reports (B). Spot fees 0.10% / 0.10% (A). Binance says a transaction ID usually appears within 1–30 minutes of a withdrawal (A). Withdrawal fees: BTC (Bitcoin) 0.00002 BTC; ETH (Ethereum (ERC20)) 0.00015 ETH; USDT (Tron (TRC20)) 1.5 USDT; USDT (BNB Smart Chain (BEP20)) 0.01 USDT (checked 31 Oct 2026) Whether Binance deducts India’s 1% TDS is not verified.
• KuCoin: described by its legal counsel as the first offshore exchange registered with FIU-IND, after a Rs 34.5 lakh penalty (order of 22 Mar 2024) (B). Spot fees 0.10% / 0.10% at VIP 0 for Class A coins; Class B 0.20% and Class C 0.30% (A). Proof of reserves: BTC 109%, ETH 117%, USDT 110%, USDC 127% (snapshot 30 Sep 2026, A). KuCoin says it deducts 1% TDS, or 20% without a PAN (A). Withdrawal fees: BTC (Bitcoin) 0.00009 BTC; ETH (Ethereum (ERC20)) 0.0015 ETH; USDT (Tron (TRC20)) 1.99 USDT; USDT (BNB Smart Chain (BEP20)) 1 USDT (checked 31 Oct 2026) KuCoin’s record includes a US guilty plea by its operating company on 27 Jan 2025 (penalties of more than $297 million), according to the US Department of Justice, and a 2026 action against KuCoin EU by Austria’s FMA, according to the FMA; see our KuCoin review.

Not available in India: Gate (on its own restricted list, A), OKX (on its own restricted list, A), Bitget (not available to new users since 6 Feb 2026, B), Kraken and MEXC (FIU show-cause notices, URLs blocked in 2024, B), BingX (FIU blocking directions, Oct 2025, B). Coinbase announced FIU-IND registration in March 2025, but we have not confirmed retail trading in India, so we do not link it.

Full detail, including tax rules: best crypto exchanges in India and FIU-registered exchanges in India.

United Kingdom

We show no exchange sign-up links to UK readers, and never a bonus or referral offer. For information only:

• Binance: no new UK customers since 16 Oct 2023, according to press reports (B).
• Bybit itself serves the UK for spot and P2P, relaunched on 19 Dec 2025 with promotions approved by Archax (FCA-authorised); no derivatives, according to press reports (B).
• Kraken serves UK retail customers for spot trading. Retail derivatives, Opt-in Rewards, DeFi Earn and Krakbacks are not available, and new customers have a 24-hour cooling-off period (Kraken, A).
• OKX lists the UK as restricted for derivatives, CeFi and P2P, not for spot (A).
• BingX, Gate and MEXC list the UK as restricted (A). Bitget, Coinbase and KuCoin: not confirmed.

Canada

We link no exchange for readers in Canada. Bybit lists Canada as restricted (A). Kraken serves Canada for spot trading with extra verification, but without margin or derivatives (Kraken, A); we have not confirmed Kraken’s or Coinbase’s Canadian registration, so we show no link. Binance withdrew from Canada in 2023, according to press reports (B); BingX, Bitget, Gate, MEXC and OKX each list Canada as restricted (A); KuCoin excludes Ontario and British Columbia, and we do not link it anywhere in Canada.

Singapore and Hong Kong

Singapore: Bybit lists Singapore as restricted (A). Because of Singapore’s rules on crypto firms advertising to the public, including through third-party websites, we show no exchange links to Singapore readers at all.

Hong Kong: Bybit lists Hong Kong as restricted (A), as do BingX, Bitget, Gate, KuCoin, MEXC and OKX. Hong Kong requires an SFC licence to run a crypto trading platform; we have not checked these exchanges against the SFC’s list, so we link none.

Nigeria, Kenya, South Africa and the UAE

We show no exchange sign-up links for readers in Nigeria, Kenya, South Africa or the UAE, and we do not list offshore exchanges as alternatives for these countries, because listing them would be a recommendation we cannot stand behind:

• Nigeria: we found no SEC Nigeria registration for any of the global exchanges we cover. Nigeria is not on Bybit’s restricted list.
• Kenya: existing crypto operators had to meet Kenya’s new licensing rules by 4 Nov 2026, so availability may have changed since.
• South Africa: crypto platforms serving South Africa need an FSCA licence; we have not yet checked each exchange against the FSCA’s list.
• UAE: in Dubai only fully licensed VARA firms may serve clients. Bybit (Bybit Fintech FZE) and Kraken (Payward FZCO) hold in-principle approval only, according to a third-party reading of the VARA register (28 Jul 2026).

Elsewhere

If your country is not covered above, we show no exchange links. Check an exchange against its own official restricted list: Bybit (A, 1 Sep 2026), Gate (A, Nov 2024), Kraken (A, 30 Sep 2026), KuCoin Terms of Use, Article 17(5) (A, 29 Sep 2026), OKX (A, 8 Jul 2026). Pakistan is not covered on this page.

We do not cover ways to get around an exchange’s country restrictions, including VPNs.

How the alternatives compare (fact table)

No ranking: rows are alphabetical, with Bybit last for reference. Links appear only where your country allows them.

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Sources for the table: OKX fee FAQ, OKX proof of reserves, US DOJ on OKX, Kraken fee schedule, Gate fees explained, Gate EU fee page, Binance fee schedule, Binance futures fee FAQ, KuCoin fee page, KuCoin proof of reserves, FMA on KuCoin EU, US DOJ on KuCoin, Bybit fee structure, Bybit EU fee page, Bybit proof-of-reserves report by Hacken, FBI PSA, Security Affairs on Coinbase, ESMA interim MiCA register. Checked 10, 11 and 20 Oct 2026.

What to check before you move funds

Withdrawal record (researched, not tested). WithdrawFirst does not open exchange accounts, deposit or withdraw funds. For each exchange listed, this page summarises its own withdrawal rules and notices and public incident reports. Last verified 20 Oct 2026.

1. Check which company will hold your money. For the EU, search ESMA’s register for the exact company name (for example “Payward Europe Solutions Limited”); a brand name alone is not enough. For the US, look for the state licence list on the exchange’s own legal page. For India, look for the FIU-IND penalty order or the exchange’s own registration announcement, and remember that FIU-IND publishes no list.
2. Read the exchange’s own restricted-countries page, not a third-party list, and do not try to get around it: using an exchange where it does not serve you can breach its terms and lead to a frozen account.
3. Know the withdrawal rules before you deposit. Binance, Gate, Kraken, KuCoin and OKX each publish a hold after security changes (Binance 24–48 hours; Gate, KuCoin and OKX 24 hours; Kraken up to 24 hours on new addresses). We have not recorded Coinbase’s rules. Make account changes after you move funds, not before.
4. Check withdrawal fees on the withdrawal screen. Published figures (where they exist) change with network conditions. Binance and KuCoin publish theirs in public data, and Kraken on its withdrawal-fee page (for example, BTC (Bitcoin) 0.000015 BTC; ETH (Ethereum) 0.00014 ETH; USDT (Tron) 1 USDT; USDT (BEP20) not yet verified (checked 31 Oct 2026)); Bybit and OKX say they show the current fee in the withdrawal window or on the withdrawal page; we have not recorded Coinbase’s or Gate’s.
5. Look for proof of reserves and read it as a snapshot, not an audit. KuCoin and OKX publish ratios; Bybit’s latest report states only “above 100%” per asset; Binance and Gate publish a page whose ratios we have not recorded; Coinbase and Kraken: not published where we could read them.
6. Move funds from Bybit to a wallet you control first, then to the new exchange. That way a hold at either exchange does not leave your funds in limbo between two accounts. Send a small amount first and match the deposit network to the withdrawal network. We do not recommend any particular wallet.
7. Allow for Bybit’s own rules. Bybit says an instant withdrawal may take up to 15 minutes to process, longer under network congestion, and that a 24-hour block follows security changes. Compliance holds (“Pending Asset”) have no stated duration.

If an account is frozen on any exchange, our step-by-step guide explains what each kind of hold means and the order to act in.

How we chose these

This page is Researched (not tested). We research exchanges’ official pages and regulator records and keep every figure in a dated data sheet. We do not open accounts or move funds, and we do not give exchanges an overall score. Exchanges are grouped by country and listed alphabetically; we do not rank them, commission plays no part, and no affiliate programme is in place. Figures were verified on 10 and 11 Oct 2026; OKX and KuCoin records were re-checked on 20 Oct 2026. Read how we review exchanges.

Related: Bybit review · Binance alternatives · Best futures exchanges · Best copy trading platforms