Welcome to this detailed guide. We will explore everything you need to know about the fee structure on the Bybit crypto exchange. Understanding fees is one of the most important steps to becoming a profitable trader. When you know what you are paying, you can plan your strategy more effectively.
Bybit is one of the world’s leading cryptocurrency exchanges. It is known for a powerful trading engine, high liquidity, and a wide range of products. But like any exchange, it charges fees for its services. These fees are how the platform makes money and keeps running.
In this article, we will break down the different types of bybit trading fees. We will cover Spot trading, Derivatives trading, and the all-important VIP program. We will also look at non-trading fees like deposits and withdrawals. Our goal is to make this complex topic simple and easy to understand.
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The Most Important Concept: Maker vs. Taker Fees
Before we look at specific numbers, we must understand the Maker vs. Taker model. This is the foundation of most crypto exchange fee structures, including Bybit’s.
What is an Order Book?
Imagine a digital marketplace. The order book is a list of all “buy” and “sell” orders that traders have placed for a specific crypto pair, like BTC/USDT.
- “Buy” orders (bids) are from people who want to buy.
- “Sell” orders (asks) are from people who want to sell.
Who is a Taker?
A Taker is a person who “takes” liquidity from the order book. This happens when you place an order that is filled immediately.
Example: You place a “market order” to buy 1 Bitcoin. A market order means “buy it for me right now at the best available price.” Your order instantly matches with a sell order already sitting in the order book. You “took” that seller’s offer.
Takers remove liquidity, so they typically pay a slightly higher fee.
Who is a Maker?
A Maker is a person who “makes” liquidity. This happens when you place an order that is not filled immediately. Instead, your order is added to the order book, waiting for someone else to fill it.
Example: Bitcoin is currently $50,000. You place a “limit order” to buy 1 Bitcoin, but only if the price drops to $49,500. Your order sits in the order book, adding to the market’s liquidity. You are “making a market.”
When someone eventually sells their Bitcoin to you at $49,500, they are the Taker, and you are the Maker.
Exchanges reward Makers. Because Makers add liquidity and make the market healthier, they pay a significantly lower fee. Sometimes, they even receive a “rebate,” meaning they get paid to trade.
Bybit Spot Trading Fees
Spot trading is the simple act of buying or selling a cryptocurrency directly. When you buy BTC on the Spot market, you own that BTC. You can withdraw it to your private wallet.
For standard users (non-VIP), Bybit’s Spot fees are very simple and competitive.
| User Level | Maker Fee | Taker Fee |
|---|---|---|
| Standard User (Non-VIP) | 0.10% | 0.10% |
Simple Example: You buy $1,000 worth of Ethereum (ETH) using a market order. This makes you a Taker. Your fee would be 0.10% of $1,000, which is just $1.00.
If you placed a limit order for $1,000 of ETH that was not filled immediately, you would be a Maker. Your fee would also be 0.10%, which is $1.00.
On Bybit’s Spot market for standard users, the fee is the same for Makers and Takers. This changes, however, as soon as you enter the VIP program.
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Bybit Derivatives Trading Fees
This is where Bybit truly shines. Derivatives are contracts that get their value from an underlying asset, like Bitcoin. You are not buying the coin itself, but rather trading a contract. This allows you to use leverage (trading with more money than you have).
Because derivatives are Bybit’s specialty, the bybit trading fees for these products are extremely competitive. Here, the Maker vs. Taker difference is very important.
Bybit offers several types of derivatives, but the main ones are Perpetual Contracts. These are like futures contracts but with no expiry date.
Here are the standard, non-VIP fees for Derivatives (like USDT Perpetuals):
| User Level | Maker Fee | Taker Fee |
|---|---|---|
| Standard User (Non-VIP) | 0.020% | 0.055% |
Notice the big difference! The Taker fee (0.055%) is more than double the Maker fee (0.020%).
A Crucial Point: Fees are on Notional Value
This is very important. The fee is calculated on your total position size (your notional value), not just the margin (your own money) you put up.
Example:
- You use $100 of your own money.
- You apply 100x leverage.
- Your total position size (notional value) is now $100 x 100 = $10,000.
- Your trading fee is calculated on this $10,000.
If you are a Taker (market order): Your fee is 0.055% of $10,000 = $5.50. This fee is paid to open the position.
If you are a Maker (limit order): Your fee is 0.020% of $10,000 = $2.00. This fee is paid to open the position.
As you can see, simply by using a limit order (being a Maker), you save $3.50 on this single trade. This adds up very quickly! Professional traders almost always trade as Makers to keep their bybit trading fees as low as possible.
The Bybit VIP Program: How to Get Lower Fees
Bybit rewards its most active users with the VIP Program. This is a tiered system. The more you trade, or the more assets you hold on the platform, the lower your fees become.
There are two ways to qualify for a VIP level:
- Asset Balance: The total value of all assets you hold in your Bybit account.
- 30-Day Trading Volume: The total value of your trades over the last 30 days.
You only need to meet one of these requirements to get the VIP status.
The VIP levels dramatically reduce your bybit trading fees. The program extends to “Pro” levels, which are designed for high-frequency traders and institutions.
Here is a detailed breakdown of the Bybit VIP and Pro fee structure. This table shows how much you can save.
| Level | Asset Balance (USDT) | OR 30-Day Spot Volume | OR 30-Day Derivatives Volume | Spot (Maker/Taker) | Derivatives (Maker/Taker) |
|---|---|---|---|---|---|
| Non-VIP | < 50,000 | < 1,000,000 | < 15,000,000 | 0.10% / 0.10% | 0.020% / 0.055% |
| VIP 1 | ≥ 50,000 | ≥ 1,000,000 | ≥ 15,000,000 | 0.04% / 0.06% | 0.016% / 0.045% |
| VIP 2 | ≥ 100,000 | ≥ 2,000,000 | ≥ 25,000,000 | 0.03% / 0.05% | 0.014% / 0.040% |
| VIP 3 | ≥ 250,000 | ≥ 4,000,000 | ≥ 50,000,000 | 0.02% / 0.04% | 0.012% / 0.035% |
| VIP 4 | ≥ 500,000 | ≥ 8,000,000 | ≥ 100,000,000 | 0.01% / 0.03% | 0.010% / 0.030% |
| VIP 5 | ≥ 1,000,000 | ≥ 12,000,000 | ≥ 200,000,000 | 0.00% / 0.03% | 0.008% / 0.030% |
| Pro 1 | N/A | ≥ 20,000,000 | ≥ 300,000,000 | 0.00% / 0.02% | 0.005% / 0.025% |
| Pro 2 | N/A | ≥ 30,000,000 | ≥ 500,000,000 | -0.005% / 0.02% | 0.000% / 0.025% |
| Pro 3 | N/A | ≥ 60,000,000 | ≥ 800,000,000 | -0.01% / 0.02% | -0.005% / 0.020% |
Look at the “Pro” levels. A negative Maker fee (e.g., -0.005%) means Bybit literally pays you to place limit orders. This is called a “rebate.” This is how high-frequency trading firms make money. They provide massive liquidity to the market and get paid for it.
For most regular traders, achieving VIP 1 or VIP 2 is very possible. This can cut your derivatives Taker fees from 0.055% down to 0.040% or lower, which is a significant saving.
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Other Bybit Fees to Know
Trading fees are the main cost, but there are a few other fees to be aware of.
Deposit Fees
This is simple: Bybit does not charge any fees to deposit cryptocurrency.
If you deposit 1 BTC, you will receive 1 BTC in your Bybit account. (Note: The blockchain network you use to send will charge its own fee, but this does not go to Bybit).
Withdrawal Fees
Bybit charges a fee for withdrawing crypto. This fee is not for Bybit’s profit. It is used to pay the “gas” or “network fee” to the blockchain miners or validators who process your transaction.
This fee is fixed (for Bybit) but depends on two things:
- The Coin: Withdrawing BTC costs a different amount than withdrawing ETH.
- The Network: This is a critical tip!
Pro Tip for Saving on Fees: Many coins, especially stablecoins like USDT, can be withdrawn on multiple networks.
- ERC-20 (Ethereum): This is often very expensive. A withdrawal could cost $10 – $30.
- TRC-20 (Tron): This is very cheap. A withdrawal often costs only $1.
- BEP-20 (BNB Smart Chain): This is also very cheap, often under $1.
Always check which network you are using! If you are sending USDT to another exchange or wallet, check if it supports TRC-20 or BEP-20. This can save you a lot of money compared to using the default Ethereum network.
Funding Fees (Derivatives Only)
This is one of the most misunderstood concepts for new traders. The Funding Fee is not a fee that Bybit keeps.
It is a peer-to-peer payment. It is a mechanism to keep the price of the perpetual contract close to the real-time “spot” price of the coin.
- This fee is exchanged every 8 hours (on Bybit).
- If the funding rate is positive: The contract price is higher than the spot price. This means traders are bullish. In this case, longs pay shorts.
- If the funding rate is negative: The contract price is lower than the spot price. Traders are bearish. In this case, shorts pay longs.
You can see the current funding rate on the trading screen. If you are a long-term holder of a leveraged position, this fee (or payment) can become a significant part of your strategy.
Liquidation Fees
If you use leverage and your position’s losses grow too large, you risk liquidation. This is when Bybit’s system automatically closes your position to prevent further losses and to pay back the borrowed funds.
When a liquidation happens, Bybit charges a liquidation fee. This is a penalty. The best way to avoid this fee is simple: use proper risk management. Use stop-losses and do not use excessive leverage.
How to Get the Best Bybit Fees: A Summary
Let’s review the best ways to reduce your bybit trading fees.
- Be a Maker: This is the number one strategy for derivatives trading. Stop using market orders. Use limit orders to place your entries and exits. This alone can cut your fees by more than 50%.
- Join the VIP Program: If you trade frequently or hold a significant portfolio, check your VIP status. Even moving to VIP 1 gives you a big discount.
- Use Cheaper Networks: For withdrawals, always check for TRC-20 or BEP-20 options to save on network gas fees.
- Use a Referral Code: When you first sign up, using a referral code is the best way to start. It gives you access to a “Rewards Hub” where you can earn coupons and bonuses. These bonuses can often be used to pay for your trading fees.
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Conclusion
Bybit’s fee structure is transparent and highly competitive, especially for derivatives traders. The platform is designed to reward liquidity providers (Makers) and high-volume traders (VIPs).
For the average user, the key takeaways are simple:
- Spot fees are a flat, low 0.10%.
- Derivatives fees are much lower, but you must pay attention to Maker (0.020%) vs. Taker (0.055%).
- You can save a lot of money by using limit orders and choosing cheap withdrawal networks.
By understanding how bybit trading fees work, you have taken a professional step towards more intelligent and profitable trading.
Frequently Asked Questions (FAQ)
1. What are the standard Bybit Spot trading fees?
For standard users (non-VIP), the Spot trading fee is 0.10% for both Makers and Takers.
2. What are the standard Bybit Derivatives trading fees?
For standard users (non-VIP), the Derivatives trading fee is 0.020% for Makers and 0.055% for Takers.
3. How can I be a “Maker” to get lower fees?
You become a Maker by placing a limit order that does not get filled immediately. This adds your order to the order book, which adds liquidity to the market. Using market orders always makes you a Taker.
4. Does Bybit charge fees for depositing crypto?
No. Bybit does not charge any fees for crypto deposits.
5. How can I lower my withdrawal fees on Bybit?
Withdrawal fees are paid to the blockchain network. To save money, check if the coin you are withdrawing (like USDT) supports multiple networks. Choosing a cheaper network like TRC-20 (Tron) or BEP-20 (BNB Smart Chain) instead of ERC-20 (Ethereum) can reduce your fee from over $10 to around $1.
6. What is the Bybit referral code for European Union (EU) users?
The Bybit referral code for users in the European Union is BYBIT3K. Using this code gives you access to special welcome rewards and bonuses.
7. What is the Bybit referral code for Global users (outside the EU)?
The Bybit referral code for all other global users is BYBIT31. This code unlocks a rewards package of up to $30,000.
8. What is the Funding Fee? Is it a fee Bybit takes?
The Funding Fee is not a fee Bybit keeps. It is a payment exchanged directly between traders (longs and shorts) every 8 hours. This is done to keep the price of the perpetual contract aligned with the spot price of the asset.
9. How do I join the Bybit VIP program?
You can qualify for the VIP program in two ways: by having a high Asset Balance (e.g., $50,000 for VIP 1) OR by having a high 30-Day Trading Volume (e.g., $15M in derivatives for VIP 1). You only need to meet one of these conditions to get reduced bybit trading fees.
10. Are Bybit’s trading fees high or low?
Bybit’s fees are considered very low and highly competitive, especially for derivatives trading. Their Maker fee of 0.020% (and lower for VIPs) is one of the most attractive in the industry.
