9 Best FTX Alternatives Which You Can Use In 2024

FTX is a great platform, you all know, but there is always a better option available, and in this case, there are a bunch of them. I have come up with the best FTX alternatives, with an in-detail description of all those phenomenal exchanges.

This will be an in-depth review of all the definitive descriptions of these platforms. I know FTX is already there as some of your first choices. But I am pretty positive that going through this list, you will be unable to overlook them.

Let’s now directly dive into the list of these fantastic alternatives.

Best FTX Exchange alternatives

  1. Bybit
  2. PrimeXBT
  3. Phemex
  4. KuCoin
  5. Binance
  6. BitMEX
  7. Margex
  8. Deribit
  9. Delta Exchange

Let’s explore them in detail one by one: 

1. Bybit


First on the list is Bybit, launched in 2018 in Singapore and is a popular FTX alternative. It offers crypto-based perpetual contracts and primarily focuses on crypto-to-fiat perpetual swaps with 100x leverage.

In just two years, Bybit has emerged as a popular crypto trading platform for derivatives traders and managed to build up enough liquidity.

Some of the highlighting features of Bybit are:

  • The clean and powerful trading interface can support 100,000 transactions per second. Each transaction is settled in 10 milliseconds.
  • Deposits and withdrawals are supported in coins like BTC, ETH, EOS and XRP.
  • You can trade here without any KYC but with a limited withdrawal limit of less than 2 BTC a day.

Now that you know about its features allow me to tell you the essential details you need to know about this exchange.

Fee structure- Trading Fees

The trading fee structure follows a maker/taker fee model; depending on the VIP level on the platform, the fee varies. 

Spot Trading Fees

  • Maker between 0% and 0.1% 
  • Taker between 0.02% and 0.1%.

Futures Trading Fees

  • Maker between 0% and 0.01% 
  • Taker between 0.03% and 0.06%.

USDC Options Trading Fees

  • Maker between 0.012% and 0.03% 
  • Taker between 0.015% and 0.03%.

Funding Fees

The funding fee is interchanged every 8 hours between buyers and sellers. Short positions pay long positions, and long positions pay the short position when the funding rate is favourable. If the funding rate goes negative, the case inverses.

To receive or pay the funding fee on Bybit, traders should hold a position at funding time stamps which are 00:00 UTC, 08:00 UTC and 16:00 UTC.

Deposit and Withdrawal fees

There is no fee for deposits. However, new traders cannot trade on the platform directly. The first cryptos must be purchased through entry-level exchange by accepting Fiat currency deposits. While withdrawing BTC, traders are required to pay 0.0005 BTC.

Customer Support

Bybit provides 24×7 customer support assistance to traders through its multilingual communication interface. You can get your queries and clarifications related to trading or advanced trade options clarified on their email directly.

Security Features 

The funds are stored in the offline cold wallet, and only a partial portion of funds are held in hot wallets. Cyber-attacks on Bybit are kept out by using SSL communication.

The two-factor user authentication adds an additional layer of security to Bybit while withdrawing funds from your account. It uses a Mark and Index pricing system to offer reliable trading rates.


2. PrimeXBT

primexbt exchange

Next up, PrimeXBT was also set up in 2018 and registered in Seychelles; it supports leveraged trading in five different crypto assets BTC, ETH, XRP, LTC and EOS. The exchange allows trading in global markets using Bitcoin, USDT, USDC and many more.

Let’s discuss its highlighting features one by one.

  • Anonymous trading, with no KYC and takes just 40 seconds to set up an account.
  • Bitcoin deposit and withdrawal.
  • Tight spread and deep liquidity, integrated with 12 liquidity providers.
  • 7.12 milliseconds order execution.
  • It offers 100x leverage on crypto derivatives and 1000x on EUR/USD pair.

Let’s highlight some of the key details of this exchange.

Fee Structure- Trading Fees

The trading conditions on PrimeXBT are categorized into Margin and Copy trading. The commission starts at 0.0001% on both of them with no minimum deposit for margin and 0.01 BTC for copy trading. The exchange also charges a flat fee of 0.05% per transaction.

Funding Fees

PrimeXBT imposes overnight financing fees when the trades are carried forward to the next day.

A trading day on PrimeXBT closes at 0:00 UTC, and it has a daily financing rate for both their long and short positions, which dynamically changes as per the status of market liquidity.

Deposit and Withdrawal Fees

PrimeXBT has no minimum deposit or withdrawal limit, but it charges a withdrawal fee of 0.0005 to cover the BTC transaction cost on every withdrawal.

Customer Support

PrimeXBT offers 24/7 customer support service through the live chat function, which can find in the account menu. Also, you can reach them via their official email at [email protected].

The exchange also offers a telegram bot to check core account statistics, active orders, and current market rates and reach the customer support team. They also have social accounts on Twitter, Facebook, Youtube, etc. 

Security Features

Over 90% of the funds are stored in a multi-sig cold wallet system. Two-factor authentication uses Google Authenticator and full SSL encryption to secure website traffic. There is Cloudflare with account passwords cryptographically hashed. And so you know PrimeXBT is a safe, reliable and secure platform.

3. Phemex


Next on the list is Phemex, a global cryptocurrency and derivatives exchange headquartered in Singapore that started its operation in November 2019. It offers leverage up to 100x with a daily trading volume of over $1.1 billion.

Let’s discuss some of the highlighting features of Phemex.

  • Tight spread integrated with 30+ liquidity providers.
  • Financial Information Exchange API for institutional traders and sub-accounts for quantitative traders.

Now, I will tell you all about Phemex in brief. 

Fee Structure – Trading Fees

For the spot market, Phemex adopts a zero-fee trading model. Traders can pay a monthly membership fee to become a premium member, and then they are not charged any further transaction charges.

The membership fee is $9.99 per month or $69.99 per year. However, it is not mandatory to pay the membership fee, as you can still trade without paying it. However, this will make transactions more expensive for you as the exchange charges 0.1% for every transaction.

Phemex follows a maker and taker price model for their contract trading, being 0.025%/0.075%.

Funding Fees 

The payment interchanges every 8 hours, and the funding rate determines who will pay and who receives the compensation. The interchanging is used to ensure the last traded price of the asset gets close to its mark price. 

Deposit and Withdrawal Fees

There are no fees charged for deposits regardless of the currency or crypto you are depositing. However, you would need to pay some fees originating from the intermediary you use to deposit.

The fees you pay depend on the specific asset you are withdrawing when it comes to withdrawal. For example, BTC withdrawals will cost you 0.00057 BTC, ETH costs 0.0036 ETH, and you only pay 0.001 LTC to withdraw LTC.

Customer Support

Phemex offers customer support through multiple channels available 24/7. There is also an option of live chat available in various languages. You can reach them via social media platforms like Twitter and Facebook, as well as through their telegram communities.

Security Features

Phemex uses a combination of security features to secure its platform and your accounts. It is a VPN- friendly exchange. It provides two-factor authentication support for login and withdrawal. 

Phemex has additional security features like the Amazon Web Service cloud, several advanced firewalls and bank-level double-entry bookkeeping.


4. KuCoin


Next is KuCoin, a global crypto exchange platform founded in 2017, incorporated in Seychelles but with office locations in other places like Singapore. It offers a diversified product range with trading pairs for spot and derivatives markets. It also supports staking, lending and leveraged tokens.

It offers up to 100x leverage for KuCoin futures, while the default leverage is 20x.

KuCoin currently has more than 10 million traders and is currently available in more than 205 countries.

Let’s look at some of the KuCoin features.

  • It supports more than 500 coins and tokens currently.
  • Direct crypto deposits from other wallets and deposit fiat through third-party apps, including credit/debit cards, Google Pay and Apple Pay.

Some of the key details you should know about KuCoin before you start trading on the platform. Let’s go through them now.

Fee Structure- Trading Fees

It uses a tiered fee structure for its trading fees and depends on the 30-day trading volume of the users. The exchange has 10 tiers; traders with the lowest volume are charged 0.1% in maker and taker fees. 

  • The spot trading fee on the exchange is flat at 0.1% for each trade.
  • For margin trading is the same as spot, flat 0.1%.
  • Futures trading at KuCoin has a variable fee structure and lies anywhere between 0.03% to 0%.

High volume traders with over 20,000 BTC of 30- day trading volume are charged 0.0125% and 0.03% in maker-taker fees, respectively.

Customer Support

The help centre on the platform consists of many valuable materials that you can refer to anytime you have any query. You can raise a support ticket, and the KuCoin support team will reach out to you via email. 

Security Features

KuCoin allows traders to secure their accounts with two-factor authentication; they also use highly advanced encryption and partner with third-party custodians to protect your assets on the platform.

5. Binance

Binance logo

Next up, Binance, I am sure you would have gone through this reputable and famous exchange. It was founded in 2017; it ranks number 1 globally in crypto derivatives trading volume. Binance offers more than 200 trading pairs.

Binance offers trading in COIN-M Futures, USD-M Futures, leveraged tokens and options. It offers 125x leverage for futures.

Let’s discuss some of its key features.

  • Advanced charting platform with learning programs and knowledge base as well.
  • They also provide insurance protection and come with multi-level security.
  • Anonymous trading with no KYC for a certain level of the trading volume.

Yes, Binance is an excellent alternative for FTX. Let’s discuss what makes it that.

Fee Structure- Trading Fees

Trading fees on Binance follow a maker/taker model, 0.020%/0.040%. In addition to this, Binance has account levels based on 30 days’ trading volume. As the 30-day trading volume increases, the maker/taker fee decreases.

If you use BNB coins to pay the fees, then each trader will cost 0.1% standard fee. Both the spot and futures follow a maker/taker model on a levelled structure.

  • For spot, maker varies between 0.1000% to 0.0200% and taker between 0.1000% to 0.0400%.
  • For futures, depending on the asset fee for the maker varies between 0.0200% and -0.0100% and taker between 0.0400% and 0.0170%.

Funding Fees

Binance uses the interest rate and the 8-hour premium component to calculate the funding rate. It has a fixed interest rate of 0.03%.

Deposit and Withdrawal Fees

Binance doesn’t charge any deposit fee. However, it charges a withdrawal fee depending on the coin you are trading with. The fiat fee for withdrawals is 0.0005 BTC.

Customer Support

Binance provides a 24/7 support system through a virtual chatbot to answer commonly faced issues instantly. You can raise a support ticket through their website; they will get back to you via your email shortly.

Security Features

Binance has a multi-tier security architecture that consists of two-factor authentication login to provide access to a safe trading experience for its customers.

It also uses hot and cold wallets to store users’ funds, most of them stored in cold wallets. With so much of a reputation among millions of traders, you know they are a safe and secure trading platform.

6. BitMEX

bitmex exchange

Next is BitMEX, founded in 2014; it’s one of the oldest Bitcoin exchanges that enable P2P trading of cryptocurrencies. BitMEX offers perpetual swaps on XBT, ETH, XRP and futures on XBT, ETH, BCH, EOS, LTC, TRX, XRP, and ADA.

The trading volume on BitMEX is USD 1.72 billion. It provides 100x leverage on all XBT contracts, 50x leverage on XRP and ETH contracts and 20x leverage on all other coins. For ETH and LTC traditional futures, the leverage limit is 50x and 33.33x, respectively.

Some of the key features of BitMEX are:

  • Various types of charts with multiple time frames and built-in indicators.
  • Depth chart and trading volume analysis, with real-time contract details.
  • Multiple order types.
  • Mandatory KYC with identity verification.

Let’s quickly understand the fee structure and other key elements of BitMEX. 

Fee Structure- Trading Fees

BitMEX charges a 0.075% taker fee and provides a 0.0025% rebate for its perpetual swaps and XBT traditional futures. It charges a taker fee of 0.25% for other traditional futures and provides a rebate of 0.050% to market makers.

For spot trading, the maker fee varies between 0.10% to 0.00% and for the taker, between 0.10% to 0.03%, depending on the account’s tier. The BMEX  stakers are also given pretty good discounts depending on the number of coins staked. 

Deposit and Withdrawal Fees

It doesn’t charge any kind of deposit or withdrawal fees; it doesn’t have any withdrawal limit. On BitMEX, you can make deposits and withdrawals using Bitcoin only.

Customer Support

BitMEX provides email-based customer support only. However, the response time is relatively low. BitMEX is present on Twitter and Reddit as well, where you can communicate with them.

Security Features

BitMEX stores most of its user’s funds in a multi-signature cold wallet. They implement world-class security systems by Amazon Web Services (AWS).

The BitMEX platform is coded in kdb+ for enabling secure communications and enhancing the exchange’s stability and security.

7. Margex


Next on the list is Margex, founded in August 2019; it is a Seychelles-based cryptocurrency derivative trading platform. It allows you to trade in cryptos with leverage up to 100x. It supports trading in BTCUSD, ETHUSD, LTCUSD, EOSUSD, XRPUSD and YFIUSD. 

Let’s discuss some of its highlighting features.

  • Convenient deposit and withdrawal methods.
  • 12+ liquidity providers with live deal flow.
  • State-of-the-art technical analysis tools.
  • Demo trading account with no KYC and no deposits.
  • The price manipulation mechanism provides fair and equal trading opportunities for everyone. 

Now, let me give you a better overview of Margex to understand the exchange even better.

Fee Structure- Trading Fees

The trading fees on Margex are based on a maker/taker model, 0.019%/0.06%. The financing costs are due every 8 hours, and if a position is closed before the funding cut-off time, there is no charge or any financing.

Margex provides one of the best trading conditions for market makers, with discounts of up to 80% applied to execute market and stop market orders. Limit orders are always carried out with a positive commission. You can refer to the table to better understand the fee structure. 

Trading Fees margex

Customer Support

It has pretty robust customer support with a promised response time of under 10 minutes; you can raise your query using the live chat option. They are also available on other platforms like Facebook, Twitter and YouTube.

You can also navigate into their help centre, which is also enlisted with almost all the necessary information one would enquire for. There are also video tutorials to learn all the skills and knowledge about trading in Margex in depth.

Security Features

It has a built-in two-factor authentication feature with email notification for every activity on your account. They also store the majority of the client’s assets in cold storage. 

8. Deribit


Moving forward on the list is Deribit which is one of the best FTX alternatives out there. It allows trading in cryptocurrency futures contracts and options. It is an Amsterdam, Netherlands based platform launched in 2016. 

It offers Bitcoin and Ethereum options trading, quarterly and perpetual futures contracts.

They allow trading futures up to 100x leverage and option up to 10x leverage.

Now, let me tell you the unique features of Deribit.

  • Ultra-fast trading engine with less than 1-millisecond latency.
  • No KYC/AML requirement.

Now, let’s discuss the key aspects of Deribit that make it one of the best alternatives to FTX.

Fee Structure- Trading Fees

Deribit has a flat fee structure following a maker/taker fee model; the fees are 0.025%/0.075%. You can refer to the following tables for a better, in-depth understanding of the fee structure.

deribit fee structure 2

Withdrawal Fees

Deribit doesn’t charge any kind of deposit or withdrawal fee. However, the Bitcoin network fee is payable. It doesn’t have any withdrawal limits. However, the speed of processing withdrawal requests will depend on the availability of funds in the exchange’s hot wallet.

Customer Support

You can reach them via their email with general questions and queries regarding the exchange. It also has a Telegram group where you can interact with other members of the Deribit community. 

Security Features

It uses cold storage to store 95% of the user’s funds. It has a mandatory password strength with recommended two-factor authentication. Other security features implemented by Deribit include IP pinning, encryption, withdrawal monitoring, etc.

9. Delta Exchange

delta exchange

Next on the list is Delta Exchange, a Singapore- headquartered crypto derivatives exchange founded in 2018. 

It offers to trade in the futures and perpetual swaps on 35+ crypto assets, with up to 100x leverage, spreads (difference in the price of two futures contracts with leverage up to 200x), options trading on BTC, ETH, LTC, XRP, BCH, BNB and LINK, MOVE contracts, and interest rate swaps.

Let’s discuss some of the features Delta Exchange has to offer.

  • Intuitive trading interface suitable for both beginner and expert traders.
  • Supports 20 cryptocurrencies and altcoins with multiple order types and product offerings.

Now, let’s understand the aspects that make Delta Exchange unique and bring it into this list. 

Fee Structure

Delta Exchange has a flat fee structure. It charges a 0.02% market maker fee and 0.05% market taker fee on all BTC perpetual and futures contracts and USDT-settled contracts.

For altcoin-BTC pair futures, it charges a 0.10% market maker-taker fee. You can refer to the table below to get an in-depth overview of the spot and futures fees structure.

delta exchange fees

Customer Support

Delta Exchange offers support via telegram only. However, it also has a comprehensive knowledge base with dedicated sections for all the products and features on the exchange.

Security Features

Delta Exchange provides two-factor authentication and very secure infrastructure with IP whitelisting, SSL encryption, traffic monitoring etc. They use a multi-signature cold wallet system to store the majority of their user’s funds. 

The team of Delta Exchange also manually authorizes all withdrawal requests.


So, these are the best alternatives for FTX currently thriving in the market. With fantastic product offerings and state-of-the-art features, these platforms are gaining market share at a very high pace.

Even if you have been a long-term trader on FTX, I know you will find the exchanges I enlisted to be even better than FTX in many fundamentals. Therefore, it is always good to look for better alternatives and try out new exchanges.

The exchanges I told you about are all trustworthy with millions of users. They take their user’s privacy and security very seriously, and all these features and functionalities come at a comparatively lesser fee. 

In cryptoverse, it is essential to diversify your funds; using different platforms keeps you safe in case of any sudden regulation changes. Additional features like price manipulation, for instance, keep you even safer.

These exchanges are pretty safe and are great alternatives for FTX, which I came across; you should indeed check them out and boost your trade profitability even further. 



Jack Bailey

I am John, a veteran trader turned into a trading coach. Especially in the realm of cryptocurrency derivatives which is now booming and expected to grow big.