The Bybit fees are the costs incurred based on the number of assets traded and transactions made in the Bybit Exchange. The Bybit fees must be paid not only for trading cryptocurrency on the exchange but also for various situations, including but not limited to deposits and withdrawals of cryptocurrency, funding commission fees for derivative positions, and other deposit fees.
Bybit has adopted a different fee structure than other first-tier crypto exchanges such as Binance and Kraken. Before signing up and using the Bybit Exchange, which offers cryptocurrency spot trading, derivatives futures trading, and NFT(non-fungible token) marketplace services, users should fully comprehend Bybitโs fees and consider the best way to minimize costs.
Bybit has adopted a standard commission fee policy that is lower than that of other cryptocurrency exchanges. The easiest discount to take advantage of is to sign up for Bybit using the promotion code. In addition, users are eligible for the most competitive fee discounts through Coin-Labs, the official business partner of Bybit. Let us walk you through all of Bybitโs fee structure.
Since 2021, Coin-Labs.com has partnered with Bybit and is few of the highest-ranking of affiliate program contracts.
Therefore, if you sign up for Bybit through the button above, you will get the most discounted fee benefit and participation in a bonus event offering up to $500.
About 2024 Bybit Fees
The Bybit fee policy has been reformed effectively since March 26, 2023. The purpose is to provide maximum commission fee benefits to users who engage in many transactions and thus increase the trading volume of the Bybit. Please refer to the following for the VIP rating criteria of policy and the rate of commission fees based on the different VIP levels. Users can obtain a VIP rating, even if only one wallet balance or the trading volume criteria is met.
| Level | Spot Maker | Spot Taker | Derivatives Maker | Derivatives Taker |
|---|---|---|---|---|
| Non-VIP | 0.1% | 0.1% | 0.01% | 0.06% |
| VIP 1 | 0.04% | 0.06% | 0.006% | 0.05% |
| VIP 2 | 0.025% | 0.05% | 0.005% | 0.045% |
| VIP 3 | 0.02% | 0.045% | 0.004% | 0.0425% |
| VIP 4 | 0.015% | 0.04% | 0.002% | 0.04% |
| VIP 5 | 0.0125% | 0.035% | 0.001% | 0.0375% |
| Supreme VIP | 0.005 | 0.02 | 0% | 0.03% |
| Pro 1 | 0% | 0.03% | 0% | 0.035% |
| Pro 2 | 0% | 0.025% | 0% | 0.0325% |
| Pro 3 | 0% | 0.02% | 0% | 0.03% |
| Level | Asset Balance (USD) | BIT Holdings | 30-Day Spot Trading Volume (USD) | 30-Day Derivatives Trading Volume (USD) |
|---|---|---|---|---|
| Non-VIP | – | – | < 1M | < 10M |
| VIP 1 | > $50,000 | 50,000 BIT | 1M – 2M | 10M โ 25M |
| VIP 2 | > $250,000 | 200,000 BIT | 2M – 4M | 25M โ 50M |
| VIP 3 | > $ 500,000 | 500,000 BIT | 4M – 6M | 50M โ 100M |
| VIP 4 | > $ 1,000,000 | – | 6M – 8M | 100M โ 250M |
| VIP 5 | > $ 2,000,000 | – | 8M – 10M | 250M โ 500M |
| Supreme VIP | – | – | โฅ 10M (API Trading Volume โฆ 20%) | โฅ 500M (API Trading Volume โฆ 20%) |
| Pro 1 | – | – | 10M โ 30M | Min. 500M โ 0.25% of Total Trading Volume |
| Pro 2 | – | – | 30M โ 60M | 0.25 โ 0.5% of Total Trading Volume |
| Pro 3 | – | – | 60M โ 100M | โฅ 0.5% of Total Trading Volume |
Cryptocurrency Deposit & Withdrawal Fees
Bybit does not charge a fee for cryptocurrency deposits. However, if a user withdraws cryptocurrency to a third-party Exchange/Wallet, then a standard withdrawal fee is charged, which varies depending on the cryptocurrency and blockchain network utilized in the withdrawal process. For example, the withdrawal fee is low in Stellar Lumens, but on the other hand, the network transfer time is longer. Therefore, Bybit recommends users withdraw cryptocurrency through EOS or Ripple to pay a relatively cheaper withdrawal fee. Apart from these mentioned networks, users can also use other blockchains such as Ethereum Network, Binance Smart Chain, and Arbitrum for supported cryptocurrencies.
Spot & Derivative Market Commission Fees
Since March 2022, the Bybit Exchange spot and derivatives market transaction fees have changed. Previously in the spot market, for limit order transaction fee was zero, but now the transaction fee rate has increased to 0.1%. For derivative trading, Makers and Takers are both charged 0.01% and 0.06%, respectively. Considering these changes is essential for investors before implementing a trading strategy.
Spot Market Transaction Fees
This fee represents the commission incurred in the purchase transaction of cryptocurrency at the Bybit. Please refer to the following for the 2023 standard fee structure. For ease of understanding, commission fees are displayed in terms of $1,000.
- Maker (limit price transactions) Fee: 0.1% ( $1 fee incurred for every $1,000)
- Taker (market price transactions) Fee: 0.1% ($1 fee incurred for every $1,000)
Derivatives Market Transaction Fee
The Bybit derivatives market is divided into reverse indefinite contracts and USDT contracts for trading using Tether(USDT) as margin, but the commission rates are the same. Please be informed that Bybit no longer offers a rebate for limit orders since the changes to the fee policy. The standard fees for the 2023 Bybit derivative market are as follows. For ease of understanding, commission fees are displayed in terms of $1,000 with leverage set to 10x.
- Maker (settlement after setting the limit price) Fee: 0.01% ( $1 fee incurred based on $10,000)
- Taker (settlement at the market price) Fee: 0.06% ( $6 fee incurred based on $10,000)
Bybit NFT Marketplace Fee
Bybit NFT Market does not charge buyers any fees. Bybit charges NFT sellers a 1% trade fee. Bybit offers a market for trading non-fungible tokens. Users can freely purchase and sell NFTs using the balance in the spot wallet. Typically, most NFTs are paid by using Tether (USDT), Ethereum (ETH), and Bitdao (BIT).
Leveraged Tokens Fees
Bybit Leveraged Token trading has five types of fees: trading fee, subscription fee, redemption fee, management fee, and funding fee. Trading fees are charged when buying or selling Leveraged Tokens in the Spot market. Subscription fees are charged when traders choose to subscribe to Leveraged Tokens. Redemption fees are charged when traders choose to redeem Leveraged Tokens. The management fee will be charged daily. It will be reflected in the net asset value of the Leveraged Token. Your position quantity will not be affected.
| Fee Calculation | |
|---|---|
| Trading Fee | Quantity * Trading Fee Rate (0.1%) |
| Subscription Fee | Quantity * Price * Subscription Fee Rate (0.05%) |
| Redemption Fee | Quantity * Price * Redemption Fee Rate (0.05%) |
| Management Fee | Value * Quantity * Daily Management Fee Rate (0.005%) |
| Funding Fee | Value * Funding Rate |
Derivatives Market Funding Fee
The funding fee is determined by either the compensation for the difference between the derivatives and the spot market price or the number of open derivative contracts. If the funding ratio is positive, the long position holder pays the funding fee to the short position holder. If the funding ratio is negative, the short position holder pays the funding fee to the long position holder.
Funding fees can be paid or received at a total of three different times at 00:00 / 08:00 / 16:00 UTC. Every trading symbol will have its own funding time interval. Bybit may adjust the funding time interval based on the live market situation when there is a significant price gap between the Last traded and Mark Price.
Comparison of Bybit Fees
A comparison of the Bybit Exchange fees with the spot and derivatives market transaction fees from other popular exchanges follows.
| Exchange | Spot Trading Taker Fee Rate | Spot Trading Maker Fee Rate |
|---|---|---|
| Bybit | 0.1% | 0.1% |
| Binance | 0.1% | 0.1% |
| Bitget | 0.1% | 0.1% |
| Huobi | 0.2% | 0.2% |
| Kraken | 0.16% | 0.26% |
| Coinbase | 0.5% | 0.5% |
| Bitstamp | 0.5% | 0.5% |
| Upbit | 0.05% | 0.05% |
| Bithumb | 0.25% | 0.25% |
| Exchange | Derivatives Trading Taker Fee Rate | Derivatives Trading Maker Fee Rate |
|---|---|---|
| Bybit | 0.01% (Apply fee discount of 0.008%) | 0.01% (Apply fee discount of 0.008%) |
| Binance | 0.04% | 0.02% |
| Bitget | 0.06% (Apply fee discount of 0.048%) | 0.02% |
| Huobi | 0.04% | 0.02% |
| Kraken | 0.05% | 0.02% |
Methods of Discounts for 2023 Bybit Fees
The easiest way to apply a discount from the Bybit policy is to sign up through a promotion code to receive a fee discount. In consideration of the rising fee structure due to the nature of cryptocurrency that can be traded 24 hours a day and the leverage of derivative trading, users may pay more fees than expected. The fee discount is ultimately considered a return to the investor. Therefore, we recommend that users respond wisely to avoid missing out on the free benefits.
Sign-up through the promotion code to receive a discount
If you sign-up for Bybit using Coin Labs’ exclusive promotion code, you can receive a fee discount. The automatically applied Coin Labs referral code is in the button below.
Frequently Asked Questions (FAQs)
Are the Bybit Fees Considered Affordable?
Yes, the fees are very cheap and affordable. In the case of derivatives transaction fees, which represent the main services of Bybit, users pay a fee of 0.01% for a limit order transaction and 0.06% for a market order transaction. Although the commission fees are 0.01% higher than that of Binance and Huobi Exchanges, users can take advantage of the lowest commission in the world by mainly conducting limit order transactions and applying the Bybit commission fee discounts.
What Makes Up the Bybit Fee?
The Bybit fee includes external withdrawal fees, spot market, and derivatives market transaction fees. A withdrawal fee will be charged when withdrawing from Bybit to another exchange. Bybitโs withdrawal fee is relatively very low, and withdrawals of cryptocurrencies with fast networks, such as Ripple, are recommended. As for the transaction fees, the spot market fee is 0.1% for limit and market price orders. The derivatives market has a commission rate of 0.01% for limit price orders and 0.06% for market price orders.
What is Bybit VIP Program?
Bybit VIP Program is a loyalty program offered by the Bybit cryptocurrency derivatives exchange to its users. The program is designed to reward users who trade frequently and hold larger amounts of assets on the platform. Users can qualify for each tier based on their trading volume and account balance over a 30-day period.
