✓Hyperliquid is our top-ranked Lighter alternative (8.8/10).edgeX is our top-ranked Lighter alternative (7.2/10).Derive is our top-ranked Lighter alternative (7.1/10).dYdX is our top-ranked Lighter alternative (6.9/10).GMX is our top-ranked Lighter alternative (6.8/10).Aster is our top-ranked Lighter alternative (6.6/10).Extended is our top-ranked Lighter alternative (6.6/10).Aevo is our top-ranked Lighter alternative (6.3/10).Paradex is our top-ranked Lighter alternative (6.2/10).Nado is our top-ranked Lighter alternative (6.1/10).Pacifica is our top-ranked Lighter alternative (6/10).BullX is our top-ranked Lighter alternative (5.9/10).GRVT is our top-ranked Lighter alternative (5.9/10).GMTrade is our top-ranked Lighter alternative (4.8/10).Ostium is our top-ranked Lighter alternative (4.7/10).Vest Markets is our top-ranked Lighter alternative (4.7/10).Helix is our top-ranked Lighter alternative (4.3/10).
✓Of the alternatives that charge a trading fee, Extended has the lowest spot taker fee (0.025%).Of the alternatives that charge a trading fee, Aster has the lowest spot taker fee (0.04%).Of the alternatives that charge a trading fee, Helix has the lowest spot taker fee (0.05%).Of the alternatives that charge a trading fee, Hyperliquid has the lowest spot taker fee (0.07%).Of the alternatives that charge a trading fee, dYdX has the lowest spot taker fee (0.1%).The comparison table on this page shows the spot fees of each alternative.
✓Hyperliquid lets you start trading without full identity verification.edgeX lets you start trading without full identity verification.Derive lets you start trading without full identity verification.dYdX lets you start trading without full identity verification.GMX lets you start trading without full identity verification.Aster lets you start trading without full identity verification.Extended lets you start trading without full identity verification.Aevo lets you start trading without full identity verification.Paradex lets you start trading without full identity verification.GRVT lets you start trading without full identity verification.Ostium lets you start trading without full identity verification.Helix lets you start trading without full identity verification.None of the alternatives open to you trades without identity verification (KYC).
Lighter keeps spot trading narrow, with only 2 coins to trade, so a trader who wants a wide spot selection has little to work with. There is no mobile app, which means no trading from your phone. Support runs through Discord only, so if you want email or live chat help, you will not find it here. The free tier carries higher latency, which matters if you trade fast. Lighter also offers no staking, no lending, no trading bots and no options, so anyone who wants those will look past it.
What a replacement for Lighter should offer
Trading on Lighter costs nothing: the spot maker fee is 0%, the spot taker fee is 0%, and futures maker and taker fees are both 0%. A replacement that charges per trade changes your math, so weigh that carefully. Lighter is non-custodial, meaning you hold your own funds rather than trusting the exchange to keep them. Identity checks are optional, so you can trade without handing over documents. On the futures side it covers 205 coins across 205 contracts with leverage up to 50x. Execution is verifiable through zero-knowledge proofs.
How to move from Lighter to another exchange
Funds leave Lighter one way: a crypto withdrawal to your own wallet, since that is the only method offered. There is no fiat payout, so plan to move to an address you control. Because Lighter is non-custodial, you keep the keys, which makes moving out straightforward. Close any open futures positions first, since money tied up as margin cannot leave until the position is settled. Send a small test transfer on the right network before moving the full balance.
How we pick
Venues from the same exchange class as Lighter (DEX) lead the list, followed by strong venues of other classes. Each block is ordered by CWR Score, which weighs live fee, security, regulation and feature data, the same figures shown on every card and in the table on this page. The list is also checked against your country: a venue that restricts your market is replaced by the next eligible one. We never reorder for commercial reasons.
Questions
Frequently asked
Hyperliquid leads our Lighter alternatives comparison, scoring 8.8/10 on live fee, security and feature data.edgeX leads our Lighter alternatives comparison, scoring 7.2/10 on live fee, security and feature data.Derive leads our Lighter alternatives comparison, scoring 7.1/10 on live fee, security and feature data.dYdX leads our Lighter alternatives comparison, scoring 6.9/10 on live fee, security and feature data.GMX leads our Lighter alternatives comparison, scoring 6.8/10 on live fee, security and feature data.Aster leads our Lighter alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Extended leads our Lighter alternatives comparison, scoring 6.6/10 on live fee, security and feature data.Aevo leads our Lighter alternatives comparison, scoring 6.3/10 on live fee, security and feature data.Paradex leads our Lighter alternatives comparison, scoring 6.2/10 on live fee, security and feature data.Nado leads our Lighter alternatives comparison, scoring 6.1/10 on live fee, security and feature data.Pacifica leads our Lighter alternatives comparison, scoring 6/10 on live fee, security and feature data.BullX leads our Lighter alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GRVT leads our Lighter alternatives comparison, scoring 5.9/10 on live fee, security and feature data.GMTrade leads our Lighter alternatives comparison, scoring 4.8/10 on live fee, security and feature data.Ostium leads our Lighter alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Vest Markets leads our Lighter alternatives comparison, scoring 4.7/10 on live fee, security and feature data.Helix leads our Lighter alternatives comparison, scoring 4.3/10 on live fee, security and feature data.
Of the alternatives that charge a trading fee, Extended has the lowest spot taker fee (0.025%).Of the alternatives that charge a trading fee, Aster has the lowest spot taker fee (0.04%).Of the alternatives that charge a trading fee, Helix has the lowest spot taker fee (0.05%).Of the alternatives that charge a trading fee, Hyperliquid has the lowest spot taker fee (0.07%).Of the alternatives that charge a trading fee, dYdX has the lowest spot taker fee (0.1%).The comparison table on this page shows the spot fees of each alternative.
Yes. Hyperliquid allows trading without completing full KYC verification.Yes. edgeX allows trading without completing full KYC verification.Yes. Derive allows trading without completing full KYC verification.Yes. dYdX allows trading without completing full KYC verification.Yes. GMX allows trading without completing full KYC verification.Yes. Aster allows trading without completing full KYC verification.Yes. Extended allows trading without completing full KYC verification.Yes. Aevo allows trading without completing full KYC verification.Yes. Paradex allows trading without completing full KYC verification.Yes. GRVT allows trading without completing full KYC verification.Yes. Ostium allows trading without completing full KYC verification.Yes. Helix allows trading without completing full KYC verification.No. None of the alternatives open to you trades without identity verification.
Venues from the same exchange class as Lighter (DEX) lead the list, followed by strong venues of other classes. Each block is ordered by CWR Score, which weighs live fee, security, regulation and feature data, the same figures shown on every card and in the table on this page. The list is also checked against your country: a venue that restricts your market is replaced by the next eligible one. We never reorder for commercial reasons.
