BrokerTH
OKX and Bybit both compete for the same pool of Thai crypto traders who want more than what local exchanges like Bitkub offer. Both provide spot trading, futures, options, and Web3 features. But they differ meaningfully in fee structure, available products, and how easy they are to fund from Thailand.
Quick Comparison
| Feature | OKX | Bybit | Winner |
|---|---|---|---|
| Spot Trading Fee | 0.08% maker / 0.10% taker | 0.10% maker / 0.10% taker | OKX |
| Futures Fee | 0.02% maker / 0.05% taker | 0.01% maker / 0.06% taker | Bybit (maker) |
| Available Coins | 350+ | 600+ | Bybit |
| THB Deposit via P2P | Yes | Yes | Tie |
| Copy Trading | Yes | Yes | Tie |
| Thai Language Interface | Yes | Yes | Tie |
| SEC Thailand License | No | No | Tie (neither) |
| Earn/Staking Products | Extensive | Extensive | Tie |
Fees in Practice
OKX’s spot maker fee of 0.08% is slightly cheaper than Bybit’s 0.10% for limit orders. On a 100,000 THB trade, that is a difference of 20 THB — small per trade but meaningful over time for active traders.
Both exchanges offer VIP tiers that reduce fees for high-volume traders. If you trade more than $1 million per month, fee differences become negligible at higher tiers.
For futures, Bybit’s 0.01% maker fee is the lower of the two, making it the better choice for high-frequency futures traders who post limit orders.
Coin Selection
Bybit lists over 600 coins versus OKX’s 350+. For most Thai traders who stick to BTC, ETH, BNB, and a handful of altcoins, this difference doesn’t matter. It becomes relevant if you are hunting smaller-cap altcoins or new token launches.
OKX tends to list new coins slightly faster for projects it has venture ties to. Bybit has a broader general catalogue.
Depositing THB as a Thai User
Neither exchange supports PromptPay directly. Both offer P2P trading where you can buy USDT from another Thai user using a bank transfer. The process typically takes 15–30 minutes and P2P prices are usually within 0.5–1% of market rate.
OKX P2P in Thailand has a larger number of active merchants during Asian hours, which means faster matches. Bybit P2P is also functional but merchant availability is slightly thinner.
Web3 Features
Both exchanges have integrated Web3 wallets. OKX’s is arguably more mature — it supports more blockchain networks and has a better DEX aggregator built in. If you do DeFi or NFTs alongside centralized trading, OKX has an edge here.
Which Should You Choose
Go with OKX if you want lower spot fees, a better Web3 experience, or faster P2P merchant matching in Thailand.
Go with Bybit if you want a wider coin selection, lower futures maker fees, or prefer Bybit’s copy trading ecosystem.
Both are solid choices for Thai traders who understand the regulatory situation (neither is SEC-licensed). The practical difference between them is small enough that platform preference and which one your trading group uses probably matters more than the fee comparison.
