OKX vs Bybit: Fees, Rebates, Referral Switching and Taiwan Access Compared (2026)

Updated 2026-10-15・Rules checked 2026-10-13

For regular users (VIP 0), OKX and Bybit both charge 0.02% for futures Maker orders. The differences are in Taker and spot fees: OKX charges 0.05% for futures Taker and 0.08% for spot Maker, while Bybit charges 0.055% and 0.1%, so on official rates alone OKX is cheaper. The rebates also come from different places. If you sign up to OKX with a referral code, the exchange itself refunds part of your fees; Bybit doesn’t refund invitees, so to get fees back you need a rebate site such as Fee Otter, which pays a higher share, but the money comes from a third party.

Choose OKX if you mainly buy spot, usually place limit orders, want to use grid or signal strategies, or want the rebate paid by the exchange itself and may want to change referrers later. Choose Bybit if you mainly trade perpetual futures, often trade futures on lesser-known coins, or want to trade TradFi products such as gold and forex in the same account: it lists 795 USDT perpetual futures to OKX’s 485, and it charges no extra liquidation fee if you’re liquidated. Neither exchange is on the anti-money-laundering registration list of Taiwan’s Financial Supervisory Commission (FSC), neither has a New Taiwan dollar (TWD) deposit channel, and the way you fund either account from Taiwan is the same.

Sign up with this site’s OKX referral code KEVINWU and the exchange’s automatic fee rebate is 20%, on both Maker and Taker trades.

The information below was checked against both exchanges’ official pages on 2026-10-13 and is provided for reference.

What’s the difference between OKX and Bybit?

Item	OKX	Bybit
Spot Maker / Taker (VIP 0)	0.08% / 0.1%	0.1% / 0.1%
Futures Maker / Taker (VIP 0)	0.02% / 0.05% (same rates for USDT-margined and coin-margined)	0.02% / 0.055% (same rates for USDT, USDC and inverse contracts)
Platform-token discount	None; OKX states that OKB can’t be used to discount fees	MNT: 25% off spot (0.075%), 10% off futures (Taker 0.0495%); not available for inverse contracts, copy trading or trading bots
Referral code rebate	20% (refunded by the exchange)	No automatic rebate from the exchange; Fee Otter rebate
Adding a referral code after sign-up	Not possible	Main accounts with no referrer can add a partner’s affiliate code within 14 days of sign-up (a regular user’s referral code can’t be added later)
Switching referrers	You can submit a switch request (automatic review, criteria not public, 30-day cooldown), or be reassigned after 180 days of inactivity	No switch request; accounts registered after 2025-09-01 with under 1 USD in trading volume for 180 consecutive days can be reassigned
Identity verification	Without identity verification you can’t deposit or withdraw crypto, or buy and sell on C2C	Standard individual verification is required before using any product or service
Withdrawals from unverified accounts	No crypto withdrawals; after verification, the 24-hour withdrawal limit depends on your fee tier	No deposits or trading; withdrawals up to 20,000 USDT a day and 100,000 USDT a month
Taiwan FSC registration	Not on the FSC’s anti-money-laundering registration list (2026-09-29 list)	Not on the FSC’s anti-money-laundering registration list (2026-09-29 list)
TWD deposits	This site found no TWD bank deposit channel; TWD C2C trading stopped on 2024-06-24	This site found no TWD bank deposit channel; when checked, P2P had no TWD listings
Cheapest USDT withdrawal network and fees	Plasma (USDT0) 0.0000066 USDT; TRC20 1.5, ERC20 0.55, no BEP20	Plasma (USDT0) 0 USDT; TRC20 1.3, ERC20 0.8, BEP20 0.15
Copy trading / grid	Copy trading; OKX lists 11 strategies, including spot and futures grid, martingale and signal strategies	Classic copy trading on USDT perpetuals, plus Copy Trading Pro and TradFi copy trading; spot grid, futures grid, DCA, martingale and combo strategies
Copy trading profit share	Depends on the lead trader’s level, up to 30%; calculated on net profit after fees	Classic copy trading: 10%–15% depending on the lead trader’s level; calculated on net profit after opening and closing fees
Proof of reserves (latest snapshot)	Report no. 47, September 2026: BTC 109%, ETH 101%, USDT 105% (zk-STARK)	Snapshot no. 40, 2026-09-23: BTC 104%, ETH 103%, USDT 110% (verified by Hacken)
Major security incidents	No major public incident of platform wallets being hacked found; withdrawals suspended for about 41 days in 2020 (not a hack)	401,346 ETH (about 1.5 billion USD) stolen on 2025-02-21; withdrawals continued as normal, and the shortfall was covered in about 72 hours
Fees on liquidation	Charged at the Taker rate for your current tier	No liquidation fee on perpetual and delivery futures
Listings (spot coins / USDT perpetual futures)	421 / 485	391 / 795

Fee sources: OKX fee page, OKX trading fee FAQ, Bybit trading fee structure, Bybit FAQ on paying fees with MNT, Bybit fees overview. Identity verification comes from the OKX guide to verifying an individual account, the OKX identity verification FAQ, the Bybit individual verification FAQ and Bybit’s permissions by verification level. USDT withdrawal fees are from the OKX withdrawal fee page and the Bybit deposit and withdrawal status page on 2026-10-12 and may change any day. Listing counts are the spot coins and USDT perpetual futures in trading status, counted on 2026-10-13 with each exchange’s official public API (OKX spot, OKX perpetuals, Bybit spot, Bybit USDT-margined futures); they change as pairs are listed and delisted. Sources for the other rows are given in the sections below.

How much do OKX and Bybit fees differ?

Both charge 0.02% for futures Maker. The differences are futures Taker (OKX 0.05%, Bybit 0.055%, a 0.5 USDT gap per 10,000 USDT of market orders) and spot Maker (OKX 0.08%, Bybit 0.1%). Bybit offers an MNT discount; OKX has no platform-token discount. Say someone trades 200,000 USDT of USDT-margined futures and 20,000 USDT of spot each month, at the official VIP 0 rates:

Monthly fees (USDT)	OKX	Bybit	Bybit (MNT discount on)
Futures 200,000, all Taker	100	110	99
Spot 20,000, all Taker	20	20	15
Total (all Taker)	120	130	114
Total (all switched to Maker)	56	60	51

The fee is the trade value times the rate: for example, OKX futures 200,000 × 0.05% = 100 USDT, and Bybit 200,000 × 0.055% = 110 USDT. With limit orders only, OKX comes to 200,000 × 0.02% + 20,000 × 0.08% = 56 USDT and Bybit to 200,000 × 0.02% + 20,000 × 0.1% = 60 USDT. With the MNT discount on, Bybit’s futures fees drop to 0.018% Maker and 0.0495% Taker, and spot to 0.075%, so the all-Taker total is 114 USDT, less than OKX’s 120 USDT. The MNT has to be held in the Unified Trading Account and must cover the whole fee; if it doesn’t, the full fee is charged at the regular rate. You also carry MNT’s own price swings.

So if you don’t hold a platform token, OKX costs 4–10 USDT less a month; if you’re willing to hold MNT, Bybit costs 6 USDT less with all Taker orders and 5 USDT less with all limit orders. On both exchanges, futures fees are charged on the position value, not the margin (how futures fees are calculated). With leverage, a price move against you can get the position liquidated and you can lose all your margin. On liquidation, OKX charges a fee at the Taker rate for your current tier, while Bybit charges no liquidation fee on perpetual and delivery futures (Bybit fees overview).

VIP tiers make little difference for most people. OKX VIP 1 takes 100,000 USD in assets, or 1 million USD in 30-day spot volume or 5 million USD in futures volume, and lowers futures Taker to 0.045%. Bybit VIP 1 takes 100,000 USD in assets, or 1 million USD in 30-day spot volume or 10 million USD in futures volume, and lowers futures Taker to 0.04% (Bybit VIP program overview). To reach VIP 1 on futures volume, Bybit asks for twice what OKX does, but once you’re there its Taker fee is lower. Below that volume, limit orders and rebates save more. For limit orders, tick “Post only” on OKX or Post-Only on Bybit (the difference between Maker and Taker fees).

The funding rate on perpetual futures isn’t a fee. Both exchanges state that it’s paid between longs and shorts and the platform doesn’t collect it. OKX settles every 8 hours by default, with 1, 2 or 4 hours on some contracts; on Bybit it depends on the pair. The official APIs on 2026-10-12 showed 48% of Bybit’s USDT perpetual futures settling every 4 hours, against 44% on OKX. When the rate hits its cap or floor, both exchanges shorten the settlement interval (OKX perpetual funding fee rules, Bybit introduction to funding rates; summary in what the funding rate is). For full rates, VIP thresholds and withdrawal fees, see OKX fees and Bybit fees.

Now withdrawals. On both exchanges the cheapest USDT network is Plasma, labeled USDT0, at close to zero. The differences are on the common networks: OKX has no BEP20 and charges 1.5 USDT on TRC20 and 0.55 USDT on ERC20; Bybit charges 1.3 USDT on TRC20, 0.8 USDT on ERC20 and 0.15 USDT on BEP20 (2026-10-12). To send to MAX in Taiwan, Aptos is the cheapest on both, at 0.0012 USDT on OKX and 0.002 USDT on Bybit. Full figures for each exchange are in USDT withdrawal fees compared.

Calculator: OKX futures (Taker 0.05%)

Example at a futures fee rate of 0.05% and the current 20% automatic rebate (rate updated 2026-10-23). Your exchange statement prevails.

Sign up with this site’s OKX referral code and the exchange’s automatic fee rebate is 20%, on both Maker and Taker trades. OKX has no platform-token discount, so the rebate is calculated directly on the net fees you actually pay, and the rate stays in sync with the exchange.

OKX states that the invitee’s rebate rate ranges from 0% to 20% (OKX affiliate FAQ). If the trader above places only Taker orders and gets the 20% maximum, the monthly cost is 120 × 0.8 = 96 USDT, which works out to about 0.04% for futures Taker.

Bybit: getting fees back through Fee Otter

Bybit’s referral program gives invitees new-user gifts and task rewards; it doesn’t say invitees get a share of fees as a rebate (Bybit referral program FAQ). Fee Otter’s rebate page lists Bybit at 40% (checked 2026-10-11). All of it is an extra rebate from Fee Otter, paid by Fee Otter, not by the exchange or by Kevin Wu. The same trader pays 130 USDT on Bybit, or 78 USDT after 40% back; futures Taker at 0.055% comes down to about 0.033%, lower than the 0.04% on OKX at the 20% maximum.

The trade-off is an extra third party: the money sits in your Fee Otter account, not your Bybit account, you have to request withdrawals separately, and you carry the risk that Fee Otter changes its rate or shuts down. Bybit doesn’t state whether turning on the MNT discount affects the rebate; its affiliate program FAQ says users who receive other discounts “may not contribute” commission, so if that matters to you, ask Fee Otter first. The rate may change, and Fee Otter’s page at the time is what counts. Each exchange’s fees after rebates are summarized in actual fees after referral rebates.

How do OKX and Bybit rebate rules differ?

Because the rebates come from different places, the rules differ a lot. On OKX, the affiliate shares part of their own commission with you and the exchange refunds it to your account. Bybit has no such mechanism; a rebate site takes commission from Bybit’s affiliate program and passes part of it on to you.

Rule	OKX	Bybit (through Fee Otter)
Who pays the rebate	The exchange, directly to your OKX account	Fee Otter, credited to your Fee Otter account
Rate	Official range 0%–20%; this site’s referral code rate is in the table above	Fee Otter’s rebate page lists 40% (checked 2026-10-11)
Calculation basis	Net fees	Affiliate commission is calculated on “trading fees − market-maker rebates − bonuses/coupons”; Fee Otter calculates on the fees you actually pay
Duration	No term stated officially for the invitee’s rebate	Bybit states that affiliate commission is for life, but the relationship may end if the user doesn’t trade for 180 consecutive days
VIP limits	Monthly cap at VIP 5 and VIP 6; no rebate at VIP 7 or above	For VIP accounts under an affiliate, total fee rewards are capped at 50%; Fee Otter doesn’t state any VIP limit
Trades with no rebate	Fee-free coins, fees covered by rebate cards or futures trial bonuses, special rates	Fees covered by bonuses or coupons; users who receive other discounts “may not contribute” commission
Adding a code later	Can’t be added once the account is created	Main accounts with no referrer can add a partner’s affiliate code within 14 days of sign-up; it can’t be removed once added
Changing referrers	Submit a switch request; the system reviews it automatically, the criteria aren’t public, requests must be 30 days apart, and it’s only available in some regions. Or, after 180 days of inactivity, log in through a new affiliate’s link	No switch request; accounts registered after 2025-09-01 with under 1 USD in trading volume for 180 consecutive days are reassigned when they come back and trade through a new affiliate’s link
Checking the binding	“My rewards” shows the rebate rate your affiliate gives you; 0% still means you’re bound	The account info page shows the bound affiliate code; some affiliates’ IDs are hidden because of privacy settings

OKX’s rules come from the OKX affiliate FAQ, the OKX affiliate rules, the OKX referral program FAQ and the OKX affiliate FAQ (EEA version). Bybit’s rules come from the Bybit affiliate program FAQ, Bybit’s guide to adding and checking an affiliate code and section 7.7 of the Bybit affiliate terms. Fee Otter’s settlement and withdrawals follow its rebate page (checked 2026-10-11): settled daily, withdrawals reviewed manually and paid within 3 business days, up to 5 times a month.

If you’ve already signed up, the two exchanges’ options happen to complement each other. On Bybit you can still add an affiliate code yourself within 14 days of sign-up, while OKX doesn’t allow adding one after sign-up. After those 14 days, though, Bybit only has the 180-day inactivity route, while on OKX you can submit a switch request at any time; the criteria just aren’t public, and if you’re rejected you have to wait 30 days to try again. Bybit also has a formal identity transfer feature; for how it relates to changing referrers, see Bybit referral code rebind. For OKX’s request steps, see switching your OKX referral code, and to confirm who you’re bound to, see how to check whether your referral code is bound.

Neither exchange accepts using multiple accounts to get around the rules. OKX states that deleting your account and re-registering to use a referral code may be treated as a violation, and that each identity document can be linked to only one account; Bybit states that each person can have only one verified account. Fee vouchers work similarly on both: OKX states that fees covered by rebate cards or trial bonuses don’t earn a rebate, and Bybit’s commission base also excludes bonuses and coupons (fee vouchers vs referral code rebates).

Do OKX and Bybit both require identity verification? What should users in Taiwan know?

Both exchanges require identity verification before you can deposit and trade. The difference is whether an unverified account can still take money out. OKX states that users who haven’t completed identity verification can’t deposit or withdraw crypto, or buy and sell on C2C; after verification, the 24-hour withdrawal limit depends on your fee tier. Bybit states that all products and services require at least Standard individual verification, and unverified accounts can’t deposit or trade but can still withdraw, up to 20,000 USDT a day and 100,000 USDT a month; after Standard verification the limit is 1 million USDT a day with no monthly cap. Both allow only one verified account per person. For the documents each exchange requires, the verification steps and review times, see the OKX KYC guide and the Bybit KYC guide.

Their registration status in Taiwan is the same. The list in the Securities and Futures Bureau’s section on businesses and persons providing virtual asset services, updated 2026-09-29, shows 11 companies that have completed anti-money-laundering registration, and neither OKX nor Bybit is on the FSC’s list. In practice, this means that if a dispute arises with either exchange, Taiwan’s Securities and Futures Investors Protection Center and Financial Ombudsman Institution don’t apply (FSC statement of 2022-11-23), and if your account is frozen or withdrawals are restricted, you can only follow the platform’s terms. The FSC’s plan of 2026-08-04 also says the Travel Rule is expected to extend to transfers between domestic and offshore providers by the end of 2027 (FSC press release), after which the process for moving crypto from a domestic platform to an offshore exchange may change.

Neither exchange’s restricted-region list includes Taiwan (OKX risk and compliance disclosure, Bybit service-restricted countries). Both restrict Hong Kong and Canada; OKX also restricts Japan, India, Malaysia and parts of the United States, and Bybit also restricts the United States, Singapore and mainland China. If you travel often or have residency abroad, check exchange restricted countries first.

The route for TWD deposits and withdrawals is the same on both. On 2024-06-07 OKX announced that from 2024-06-24, users in Taiwan could no longer buy and sell with TWD on C2C (OKX announcement on removing C2C trading in Taiwan); when I checked Bybit P2P on 2026-10-13, there were 0 USDT buy and 0 sell offers in TWD. The workable route is to buy USDT with TWD on a registered domestic platform (such as MAX or BitoPro), then transfer it to the exchange; withdrawing works the other way around.

As for the apps, when checked, both were available on the Taiwan App Store: the OKX app (developer OKX Inc.) and the Bybit app (developer Bybit Fintech Limited). Both exchanges’ websites and help centers have Traditional Chinese versions.

What are OKX and Bybit each best at?

OKX’s strengths are spot and strategy trading. It has 421 spot coins in trading, a few more than Bybit’s 391, and its spot Maker fee of 0.08% is already below Taker at VIP 0, a gap Bybit only offers after you move up a VIP tier. OKX’s official strategy trading guide lists 11 strategies, more types than Bybit’s bot page lists, and OKX also has a separate Web3 wallet.

• Strategy trading: spot grid, futures grid, futures martingale, smart arbitrage, spot martingale, recurring buy, signal strategies, iceberg, TWAP, smart portfolio and arbitrage orders (OKX strategy trading overview). Signal strategies can place orders automatically from TradingView signals.
• Copy trading: OKX copy trading charges the same fees as regular futures, with no other charges; the profit share depends on the lead trader’s level, up to 30% (OKX copy trading FAQ, OKX lead trader profit-sharing rules).
• Web3 wallet: a non-custodial multi-chain wallet where you keep your own private keys, and using it doesn’t require identity verification; if you lose your seed phrase, the assets can’t be recovered (What is OKX Web3 Wallet).
• Other: options (VIP 0 Maker and Taker both 0.03%), Simple Earn and Jumpstart; USDC-USDT and PYUSD-USDT spot currently have zero fees.

Bybit’s strength is derivatives. It has 795 USDT perpetual futures in trading, about 60% more than OKX’s 485, so people who often trade futures on lesser-known coins are more likely to find the pair they want. It also puts TradFi products such as gold and forex in the same account, and charges no extra fee on liquidation.

• Copy trading: classic copy trading only supports USDT perpetuals; lead traders take 10%–15% of net profit depending on their level, withheld daily and settled every Monday (Bybit copy trading profit sharing explained); the MNT discount doesn’t apply to copy trading. The verification permissions table also lists Copy Trading Pro and TradFi copy trading.
• Trading bots: the Bybit trading bot page lists spot grid, futures grid, DCA, martingale and combo strategies.
• Options and TradFi: options at VIP 0 are 0.02% Maker and 0.03% Taker; the verification permissions table lists TradFi perpetual futures and contracts for difference (CFDs).
• Earn and new tokens: Bybit Earn, Launchpool and Launchpad; you need Advanced individual verification to apply for the Bybit Card.

If you want to copy trade, OKX has a slight edge on cost: with the same lead trader and the same volume, OKX charges 0.05% for futures Taker and Bybit 0.055%, and copy trades are almost always filled as Taker. Bybit’s classic copy trading has the lower profit share (10%–15%), while OKX goes up to 30%, depending on what your lead trader sets. Both state that the profit share is calculated on net profit after fees, so no profit share is taken for a losing period, but you still pay the fees; see copy trading costs for how it’s calculated.

How do OKX and Bybit compare on proof of reserves and security record?

Both exchanges publish proof of reserves in a similar way: they take a snapshot of user balances, put it into a Merkle tree and compare it with public on-chain wallets, so you can check for yourself that your account was included. They differ in the verification method and scope.

• OKX: the OKX proof of reserves page is published monthly, verified with zk-STARK, and covers 22 coins. When checked on 2026-10-13, the latest was report no. 47 for September 2026: BTC 109%, ETH 101%, USDT 105%. Of the 153,151 BTC, 6,792 are held with third-party custodians, about 4.43%, and that portion has to be verified with the custodians.
• Bybit: the Bybit proof of reserves page is verified by the security firm Hacken and covers the top 50 tokens by assets managed on the platform. The latest is snapshot no. 40, taken 2026-09-23 03:00 UTC: BTC 104%, ETH 103%, USDT 110% (Hacken verification report, Bybit press release of 2026-09-30).

On major incidents, Bybit was hacked once, for the largest amount on record; OKX has no public record of being hacked, but it suspended withdrawals for over a month and pleaded guilty in the United States:

• Bybit, 2025-02-21: an ETH multisig cold wallet transfer to a warm wallet was tampered with and 401,346 ETH were stolen. In a notice on 2025-02-26, the US FBI attributed the theft to North Korea; the amount was about 1.5 billion USD (FBI notice). Bybit said client assets remained backed 1:1 and withdrawals were processed as normal, and within about 72 hours it covered roughly 447,000 ETH through emergency loans, large deposits and purchases (The Block, CNBC report).
• OKX, 2020-10-16 to 2020-11-26: OKX (then called OKEx) suspended withdrawals for about 41 days because a private key holder was cooperating with a police investigation and couldn’t be reached; it wasn’t a hack (Decrypt). After withdrawals reopened, OKX set aside 20% of its futures and perpetual fee revenue for the seven weeks from October 16 to December 4 as compensation rewards, and gave users with net assets above 10,000 USDT an extra fee rebate card worth 100–1,000 USDT (OKX compensation announcement).
• OKX, 2025-02-24: Aux Cayes FinTech, which operates OKX, admitted in the United States to operating an unlicensed money transmitting business, with fines and forfeiture totaling more than 504 million USD (US Attorney’s Office for the Southern District of New York press release). This was a compliance case, not a loss of user assets.
• Both, 2025: Thailand’s SEC began blocking unlicensed platforms including OKX and Bybit from 2025-06-28 (The Block); the Philippines’ SEC also named both exchanges in August 2025 (Cointelegraph).

When this site compiled exchange security records, it found no independent user protection fund at either exchange (exchange safety record). Bybit filled its shortfall with loans and purchases, not a protection fund; in OKX’s case no assets were lost, but users couldn’t withdraw for 41 days. Proof of reserves only shows the state at the moment of the snapshot; for each exchange’s figures side by side, see exchange proof of reserves compared. Keeping assets on an exchange long term is a risk in itself.

OKX or Bybit: which should you choose?

• Beginners who mainly trade spot: choose OKX. It has more spot coins, its 0.08% limit-order fee is lower than Bybit’s 0.1%, and you don’t need to hold a platform token for a discount; the rebate is refunded by the exchange itself, so there’s no separate rebate site to sign up for or UID to link.
• High-frequency futures traders who often trade lesser-known coins: choose Bybit. It has 795 USDT perpetual futures, about 60% more than OKX; its Taker fee is 0.005 percentage points higher, but after 40% back through Fee Otter it comes to about 0.033%, and there’s no liquidation fee if you’re liquidated.
• Copy trading or strategy trading: choose OKX. Copy trades are almost always filled as Taker, OKX’s 0.05% is lower than Bybit’s, and it offers 11 strategies. Choose Bybit only if you want to copy TradFi strategies such as gold and forex.
• Lowest fees above all: if you don’t want a third party involved, choose OKX; its official spot and futures rates are no higher than Bybit’s. If you’re fine with a rebate site, Bybit through Fee Otter comes to about 0.033%, lower than the 0.04% on OKX at the official 20% maximum.
• Already signed up and want to change referrers: on OKX you can submit a switch request at any time; on Bybit, once the 14-day window for adding a code after sign-up has passed, only the 180-day inactivity route is left.
• Taiwan compliance matters to you: neither exchange is on the FSC’s anti-money-laundering registration list, so it makes no difference which you pick on this point. For TWD deposits and withdrawals and for assets you plan to hold long term, a registered domestic platform or your own wallet is the safer choice.

The two exchanges’ strengths don’t overlap much, and plenty of people open both: spot and strategy trading on OKX, futures on lesser-known coins or TradFi on Bybit. Each account needs its own identity verification, and the referral code or rebate site has to be set up for each at sign-up.

Still weighing other exchanges? For OKX against copy trading and low-fee exchanges, see Bitget vs OKX and OKX vs MEXC; for Bybit against Binance and Bitget, see Binance vs Bybit and Bybit vs Bitget. Each exchange’s fees, rebates, proof of reserves and restricted regions are covered in full in the OKX review and the Bybit review.

How do you transfer from OKX to Bybit, and what does it cost?

There is no internal transfer between the two, so USDT has to go out as an on-chain withdrawal: first go to the deposit page on the receiving exchange, choose USDT and a network and copy the address, then go to the withdrawal page on the sending exchange, choose the same network and paste it. The sending exchange charges the withdrawal fee, a fixed amount per withdrawal no matter how much you send. According to the OKX withdrawal fee page and the Bybit deposit and withdrawal status page as of 2026-10-12, the cheapest networks open on both sides are:

• OKX → Bybit: use Plasma, 0.0000066 USDT (minimum withdrawal 2 USDT). Both exchanges label Plasma as USDT0, so the names match; if you’d rather not use Plasma, Aptos costs 0.0012 USDT.
• Bybit → OKX: use Plasma, 0 USDT (minimum withdrawal 2 USDT), again the network both exchanges label as USDT0.

On the commonly used TRC20, OKX charges 1.5 USDT and Bybit 1.3 USDT; OKX has no BEP20. Fees can change at any time, so go by the amount shown on the withdrawal page before you confirm, and make sure the receiving exchange’s deposit page offers the same network; if you pick the wrong network, the funds may not be recoverable. For every network’s fee and minimum withdrawal at 13 exchanges, see USDT withdrawal fees compared.

FAQ

Which has lower fees, OKX or Bybit?

On official rates, OKX; with Bybit’s MNT discount on, or through a rebate site, it flips. OKX charges 0.05% for futures Taker and 0.08% for spot Maker, Bybit 0.055% and 0.1%. For 200,000 USDT of futures plus 20,000 USDT of spot a month, all market orders, you pay 120 USDT on OKX and 130 USDT on Bybit, or 114 USDT on Bybit with the MNT discount on.

Can I use OKX and Bybit at the same time?

Yes. They’re different companies, so you just sign up and complete identity verification on each. Watch the timing of referral codes: OKX doesn’t let you add one after sign-up, and on Bybit you can only add a partner’s affiliate code within 14 days of sign-up. You can’t open more than one verified account on the same exchange. Both offer Aptos and Plasma for USDT withdrawals, with very low fees; before transferring, check that the receiving exchange’s deposit page supports the same network.

Should users in Taiwan pick OKX or Bybit?

On the conditions for using them in Taiwan, there’s no difference; it comes down to how you trade: OKX for spot and strategy trading, Bybit for futures on lesser-known coins. Neither is on the FSC’s anti-money-laundering registration list, neither has a TWD deposit channel, and both apps are on the Taiwan App Store. For both, you deposit by first buying USDT with TWD on a registered domestic platform and transferring it over, and in a dispute neither is covered by Taiwan’s Securities and Futures Investors Protection Center or Financial Ombudsman Institution.

Which is safer, OKX or Bybit?

Neither can be called absolutely safe: Bybit was hacked but kept withdrawals open, and OKX was never hacked but suspended withdrawals for 41 days. On 2025-02-21 Bybit lost about 1.5 billion USD in ETH and covered the shortfall in about 72 hours; in 2020 OKX suspended withdrawals because a private key holder was cooperating with an investigation, and in 2025 it also pleaded guilty in the United States. On reserves, OKX showed BTC 109% and USDT 105% in September 2026, and Bybit BTC 104% and USDT 110% on 2026-09-23.

Which pays more in referral code rebates?

Looking only at the exchanges themselves, OKX has a rebate and Bybit doesn’t: OKX’s referral code rebate is refunded directly by the exchange, with an official range of 0%–20%, while Bybit’s referral code doesn’t refund fees to invitees. Through a rebate site, Fee Otter’s rebate page lists Bybit at 40%, all paid by Fee Otter (checked 2026-10-11); the rate is higher, but you have to trust one more third party.

This site’s OKX referral code currently carries an automatic fee rebate from the exchange of 20%, on both spot and futures.

OKX’s referral code, sign-up link and rebate rules are in OKX referral code, the fee details in OKX fees, and if you’ve already signed up, see switching your OKX referral code. Bybit’s rebate method is in Bybit rebate: getting fees back with Fee Otter, its rates in Bybit fees, and the rules for adding a code and switching in Bybit referral code rebind. Each exchange’s actual fees after rebates are summarized in actual fees after referral rebates; for other exchanges’ referral codes and automatic rebates, see all exchange referral codes. To compare other pairings, see Binance vs OKX, Binance vs Bybit and Bybit vs Bitget.