Alternatives to Bybit
Bybit is known for its crypto derivatives trading, spot market, and auto-invest (DCA) feature with zero monthly platform fees. It's a popular choice for active crypto traders, particularly those interested in futures and leverage. But you might want an alternative if you're after SMSF (self-managed super fund) support, a broader range of coins, or a platform that also offers traditional share trading alongside crypto. We've listed 6 alternatives worth considering, each with a different angle.
Australian-owned exchange with SMSF support and auto-invest, unlike Bybit which doesn't offer SMSF accounts.
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Established global exchange with SMSF support and a strong reputation for security and regulatory compliance.
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Offers options and CFD trading similar to Bybit's derivatives, but with a different fee structure.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Largest US-listed exchange with 240+ coins and SMSF support, plus strong regulatory standing.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
Australian-owned platform with 320+ coins, SMSF support, and zero minimum deposit for local users.
- ASX ETFs supported
- No
- Auto-invest / DCA
- Yes
- Monthly platform fee
- $0/month
Not a crypto exchange but offers CHESS-sponsored ASX shares and zero-commission US shares alongside crypto.
- ASX brokerage minimum
- $1
- ASX ETFs supported
- Yes
- CHESS sponsorship model
- chess
Common questions
What are the best alternatives to Bybit for Australian investors?
The right alternative depends on what you need. If you want SMSF support, look at exchanges like BTC Markets or Kraken. If you prefer a locally regulated platform with more coins, Swyftx or CoinSpot are worth comparing. For share trading alongside crypto, consider a broker that offers both asset classes.
Does Bybit support SMSF accounts for Australian investors?
No, Bybit does not currently offer SMSF (self-managed super fund) account support. If you need to trade crypto within your super fund, you'll need an alternative exchange that explicitly supports SMSF accounts, such as those regulated in Australia.
Are there Australian-owned alternatives to Bybit?
Yes, several Australian-owned crypto exchanges offer similar features including auto-invest and zero monthly fees. These platforms are regulated in Australia and often provide local customer support, AUD deposit options via bank transfer or PayID, and SMSF account support.
Can I trade both crypto and shares on one platform instead of using Bybit?
Some platforms let you trade both crypto and traditional shares from a single account. These are typically multi-asset brokers rather than pure crypto exchanges. They may offer ASX and US shares alongside crypto, though the ownership model (custodian vs CHESS-sponsored) varies between providers.