Navigating Bybit's Fee Structure
Bybit is a prominent cryptocurrency exchange known for its robust derivatives platform, though it also offers extensive spot trading services. This overview provides a beginner-friendly guide to understanding its core features and fee landscape. If you are looking to start trading, you can Register here.
Core Features
Bybit offers a comprehensive trading environment supporting several key product types:
- **Spot Trading:** Direct buying and selling of cryptocurrencies for immediate settlement.
- **Derivatives Trading:** Offering perpetual and dated Futures contracts with leverage options.
- **Staking and Earn Products:** Various ways to earn passive income on held assets.
- **NFT Marketplace:** A platform for trading non-fungible tokens.
Bybit Fee Structure Overview
Bybit employs a standard maker-taker fee model, which applies differently across its spot and derivatives markets. Fees are generally tiered based on the user’s 30-day trading volume and the amount of the exchange’s native token (if applicable) held.
Spot Trading Fees
Spot trading fees are typically lower for users who provide liquidity (Makers) and slightly higher for those who remove liquidity (Takers).
| Tier | VIP Level | Maker Fee | Taker Fee |
|---|---|---|---|
| Standard | VIP 0 | 0.10% | 0.10% |
| VIP 1 | VIP 1 | 0.08% | 0.10% |
Derivatives (Futures) Trading Fees
Derivatives fees are often structured to incentivize market-making behavior. Makers add liquidity to the Order book, while Takers immediately fill existing orders. The fee for taking a position is usually higher than the fee for making one. You can find more details on the Fee Structures for Futures. Note that the Maker Fee is crucial for understanding rebates or lower costs: Maker Fee.
Supported Assets and Markets
Bybit supports a wide array of digital assets. The selection is continually growing, focusing on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), alongside numerous altcoins.
- **Spot Market:** Trading pairs are available against USDT, USDC, BTC, and ETH.
- **Derivatives Market:** Futures contracts are offered on major pairs, often with high leverage capabilities (up to 100x or more depending on the contract).
Understanding Order Types
Understanding how to place orders is fundamental to managing fees, as the type of order placed dictates whether you are a Maker or a Taker.
- Limit Orders: Used to buy or sell at a specified price or better. Placing a Limit order that does not immediately execute typically results in a Maker fee.
- Market Orders: Used to execute immediately at the best available price. Placing a Market order usually incurs the Taker fee.
- Stop orders (Stop Limit, Stop Market) are also available for risk management.
Liquidity and Market Depth
Bybit maintains significant liquidity across its major trading pairs, particularly in its derivatives section. High liquidity generally means tighter spreads and better execution prices. Users can monitor market depth via the platform’s charting tools to gauge the current state of the Order book.
Security Practices
Security is paramount for any exchange. Bybit employs several standard security measures:
- Two-Factor Authentication (2FA).
- Cold storage solutions for the majority of user assets.
- Anti-phishing codes.
KYC Requirements and Limits
Bybit offers tiered account verification (KYC).
- **Level 1 (Basic Verification):** Allows for standard trading and withdrawals, usually requiring basic identity information.
- **Level 2 (Advanced Verification):** Required for higher withdrawal limits and access to certain advanced features.
Withdrawal limits are directly tied to the KYC level achieved.
Funding, Deposits, and Withdrawals
Deposits of crypto assets are generally free (though network fees apply). Withdrawals incur a fixed network fee set by the exchange, which varies based on the specific cryptocurrency and current network congestion. Fiat on-ramps and off-ramps are available through various third-party integrations, subject to their respective fees.
Mobile and Web User Experience (UX)
Bybit provides a feature-rich web interface suitable for detailed analysis and high-frequency trading. The mobile application is designed for on-the-go access, offering core trading functionalities, position management, and access to Earn products.
Risks and Responsible Trading
Trading cryptocurrencies, especially derivatives with leverage, carries substantial risk. High leverage amplifies both potential profits and losses. Users should be aware of potential liquidation events. Tools like the Bybit Liquidation Calculator can help estimate these risks before entering a trade. Always trade only what you can afford to lose.
First Steps Checklist
1. Create an account: Register here. 2. Enable Two-Factor Authentication (2FA). 3. Complete KYC Level 1 for increased limits. 4. Deposit a small amount of cryptocurrency or fiat. 5. Familiarize yourself with the Order book interface. 6. Place a small Limit order in the Spot market to test the process.
See also (on this site)
- Bybit Spot Trading Explained Simply
- Understanding Bybit Futures Contracts
- Top Assets Available on Bybit
- Using Different Bybit Order Types
Recommended articles
- Maker-Taker Fee Model
- Wave Structure Analysis
- Bybit Trading Strategies
- Fee Tier Structures
- Bybit fee page
Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
| Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
| BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
| WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
| MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD) | Join MEXC |
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