Bybit vs OKX: what their terms and the registers say
Bybit vs OKX: what differs?
From their own documents and the registers, Bybit and OKX differ on licences found in a register (1 against 1), the scope of the freeze clause, the gambling clause (Bybit: not verified; OKX: prohibits gambling), proof of reserves and the contracting company and its law. No winner is declared: which difference counts depends on how you use the exchange.
Documents last checked Reviewed by CryptoGuardz Register Desk, editorial desk
Disclosure: CryptoGuardz has no commercial relationship with Bybit or OKX and earns nothing if you open an account at either. Every cell below is a field from one of the two register records, each built from documents the company publishes and the registers that should list it, dated when read. Corrections go to the corrections page.
Bybit and OKX side by side
| Field | Bybit | OKX |
|---|---|---|
| Company in the terms | Bybit EU GmbHAustria | Aux Cayes FinTech Co. Ltd.Seychelles |
| Licences found in a register | 1 found in a register (FMA)Held by Bybit EU GmbH | 1 found in a register (MFSA)Held by OKX Europe Limited |
| Licences claimed, not confirmed | 0 | 1 |
| Freeze clause | Not verified: binding terms not read | Discretionary freeze, no notice required |
| Withdrawal suspension clause | Quoted on the entry | Quoted on the entry |
| Insolvency clause | Present | Present |
| Proof of reserves | No data: page could not be loaded | Published, self-signed |
| Gambling clause | Not verified | Prohibits gambling |
| Incidents on record | 1Latest 2025-02-21 | 1Latest 2025-02-24 |
| Points not verified | 5 | 4 |
| Terms read | bybit.euRetrieved 2026-09-22 | okx.comRetrieved 2026-09-22 |
What differs, and who it matters to
This comparison reads two records and declares no winner. Both were last reviewed on 2026-09-22. On licences, Bybit: 1 found in a register (FMA); OKX: 1 found in a register (MFSA). That matters to anyone who may need a regulator to complain to, and only if the licence covers the company they contract with. On freezing an account, Bybit's record reads "not verified: binding terms not read" and OKX's "discretionary freeze, no notice required". That matters to anyone keeping a balance on the exchange rather than moving it out. On gambling, Bybit's terms: not verified; OKX's: prohibits gambling. That matters to anyone sending funds to a casino, because a breach can cost the account. On proof of reserves, Bybit: no data: page could not be loaded; OKX: published, self-signed. Bybit contracts through Bybit EU GmbH and OKX through Aux Cayes FinTech Co. Ltd., under different law, which matters to anyone who may need to bring a claim. The two records agree on insolvency clause and incident count. 0 licences Bybit claims and 1 OKX claims were not confirmed in any register. 5 points could not be verified for Bybit and 4 for OKX.