Bybit Fees Explained: A Comprehensive Breakdown

As far as crypto exchanges go, Bybit has earned a reputation that’s tough to overlook. Between its deep derivatives markets, lightning-fast execution, and support for hundreds of tokens, it packs in just about everything a serious trader could want. Still, I feel like Bybit fees don’t get as much attention as they should for a platform with this much to offer.

I’ve noticed that many traders don’t have a clear understanding of how the charges work. But once you get familiar with the structure, it’s easy to see how Bybit trading fees stack up against industry giants like Binance or Kraken. And depending on your style, it might even be a better fit.

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Bybit Trading Fees

I’m gonna take a wild guess that if you’re here reading this, you probably chose Bybit because it’s one of the most popular exchanges in the crypto space. Since launching in 2018, it’s built a platform that’s simple enough for beginners to get started, yet packed with advanced tools that more seasoned traders can appreciate.

Bybit offers a wide range of trading instruments, with its biggest strength, I’d say, lying in its extensive derivatives markets. But with that variety comes a fee structure that can look a little intimidating at first, especially if you’re new.

The good news is that once you understand how it’s laid out, it’s actually not that complicated. You just need to know there are three main types of fees to keep an eye on: spot, futures, and options.

📚 Read More: Bybit Review

Spot Trading Fees

Let’s start with the most basic type of trade on the platform: spot trading. It’s where you buy or sell crypto instantly at the current market price, with the transaction settled on the spot. If you’ve ever thought about trading, say, Bitcoin for Ethereum, this is most likely the place where you do it.

As with many other exchanges, Bybit spot fees follow the maker-taker model. This pricing structure is common in the cryptocurrency industry, designed to promote liquidity and participation in the order book.^[1] Here’s a quick refresher if you're new or need a reminder:

• You’re a maker when your order adds liquidity to the market. That role usually applies when you place a limit order that doesn’t fill right away and gets added to the order book.
• You’re a taker when your order removes liquidity by filling instantly against an existing one. This happens when you place a market order or a limit order that matches immediately.

To put it simply, imagine a farmers market: if you set up your own stall and wait for customers, you’re a maker. If you walk up and buy something from another stall, you’re a taker.

Now, here’s a look at Bybit maker taker fees for spot trading:

Table: Bybit maker-taker fees for spot market

Yup, it’s a flat 0.1% fee for both makers and takers on spot trades.

So let’s say the market price of BTC is $100,000, and you decide to buy 0.1 BTC using a market order. That makes you the taker, and you’ll be charged a 0.1% fee. In this case, that’s 0.0001 BTC, so you’ll end up receiving 0.0999 BTC after the fee is deducted.

For casual or beginner traders, this flat rate is likely the main Bybit trading fee to pay attention to. But if you’re more active or hold a sizable amount of crypto on the platform, the platform also offers a VIP program with solid fee discounts (I’ll break that down in more detail shortly).

Perpetual & Futures Fees

If you’re trading beyond basic spot markets, Bybit has a solid lineup of derivatives that give you more flexibility and more ways to navigate the market. Of everything the platform offers, I’d say its futures contracts stand out the most. It offers one of the most comprehensive selections you’ll find even among major exchanges.

In case you're new, futures are basically contracts that let you trade based on where you think the price of an asset is going without actually owning the asset itself. You agree to buy or sell at a specific price in the future, and your profit or loss comes down to the difference between the entry price and the closing/settlement price.

Bybit offers a few different types of contracts:

• Inverse contracts are settled in the base currency, like BTC or ETH. They’re a good fit if you prefer holding your margin in crypto rather than stablecoins.
• USDT contracts are margined and settled in USDT. They’re a bit more intuitive if you like managing trades using a stablecoin balance.
• USDC contracts work similarly to the USDT ones but use USDC instead. These are also designed with advanced features in mind, including portfolio margin and unified margin modes.

With all these options, you might expect the Bybit futures fees to be complicated. But they’re actually quite straightforward:

Table: Bybit perpetual & futures fees

These fees are taken directly from your account balance and won’t impact the initial margin required to open a position. For example, if you place a market order for 10,000 BTCUSD contracts at an execution price of $8,000, you'll pay a taker fee of 0.0006875 BTC. That amount is deducted from your balance after the trade is filled.

Also, keep in mind that futures contracts with expiration dates will be automatically closed if you don’t exit the position manually. In that case, the platform applies a 0.05% settlement fee when settling the contract. It’s a relatively small cost, but worth remembering if you're trading contracts that are near expiration.

📚 Read More: Best Crypto Futures Trading Platforms

Options Fees

For those after even more flexibility and portfolio variety, another Bybit derivatives fee category worth knowing about is options trading. As of writing, the platform supports both USDT- and USDC-margined options, with settlements handled in their respective stablecoins. The fee structure is as follows:

Table: Bybit options fees

That covers the base trading costs, but there are two additional charges you’ll want to keep in mind: delivery and liquidation fees. These don’t apply to every trade, but they can kick in depending on how your position plays out:

Table: Bybit delivery and liquidation fees

The delivery fee applies when an option reaches expiry and is exercised. In that case, the contract is settled in cash based on the difference between the strike price and the index price.

Meanwhile, a liquidation fee is charged when your account margin drops too low and the platform forcefully closes your position. This usually happens if the market swings sharply against you and there aren’t enough funds to support the trade.

While these extra fees won’t affect every trader, they’re still worth considering. This is especially true if you plan to hold contracts until expiry or trade with higher leverage and tighter margins. In those situations, what’s often referred to as "Bybit leverage fees" can significantly shape your trading costs.

VIP Program Discounts

If you're just starting out or only trade from time to time, those standard Bybit fees are probably all you'll need to consider. But as I mentioned, more active users can also reduce their costs through the platform's VIP program.

It’s a tiered rewards system designed to give high-volume traders and large asset holders better rates and added perks. There are two main ways to qualify for VIP status:

• 30-day trading volume: Trading actively means you're generating more activity on the platform, so Bybit offers lower fees as a reward for that.
• Asset balance: Even if you're not an active trader, holding a large balance supports liquidity. That alone can qualify you for VIP status.

Say you’ve got a $250,000 asset balance (which meets VIP 1 criteria), but your 30-day spot volume hits $6 million (which qualifies for VIP 3). Bybit will put you in VIP Level 3, and you’ll get the fee discounts tied to that level.

The first table below shows how the different VIP levels are structured. The criteria include asset balance, 30-day average net borrowing, and your combined trading volume across spot, options, and perpetual or futures contracts:

Table: Bybit VIP tier criteria

Now here’s how those VIP levels translate into trading fee discounts, broken down by Bybit maker-taker fees across spot, perpetual and futures contracts, as well as options trading:

Table: Bybit trading fees discounts

Just so you know, Bybit also provides a Pro tier system designed for institutional and API-based traders who operate at much higher volumes. It follows the same core principle: the more you trade, the less you pay. At that scale, even small fee reductions can make a noticeable difference in overall returns, especially when combined with other exclusive VIP perks.

That said, just keep in mind that Bybit fee rates aren’t set in stone. They can vary depending on your location, and the platform might tweak the structure from time to time. To make sure you’re getting the most accurate info, I’d recommend checking your account dashboard regularly to see the latest rates that apply to you.

Bybit Deposit and Withdrawal Fees

Now that you’ve got a clear picture of how spot and Bybit derivatives fees work, it’s also important to look at what it costs to move your funds around. That brings us to deposit and withdrawal fees.

They might not seem like much at first, but depending on what asset you’re using (and how often you’re moving funds), they can add up over time.

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Deposit Fees

Bybit supports two primary types of deposits: cryptocurrency and fiat currency. While both are easy to use, they differ slightly when it comes to fees.

Table: Bybit deposit fee

If you're funding your account with crypto, the good news is that Bybit doesn't charge any deposit fees on its side. You can transfer any supported asset directly without paying a platform fee.

That said, you’ll still need to cover network fees from the wallet or exchange you’re sending from. These aren’t charged by the platform as they’re blockchain-level costs that depend on the token and how busy the network is at the time.^[2]

As for fiat deposits, fees can vary based on:

• The currency you’re using;
• Your selected payment method;
• Your location.

Some fiat options are completely free, while others may include small processing or conversion charges. To see the exact fee, head to the deposit section in the Bybit app or website, choose your fiat currency, and the platform will show the full breakdown.

Withdrawal Fees

Similar to deposits, Bybit withdrawal fees depend on the type of currency you are transferring. Here’s the structure at a glance:

Table: Bybit withdrawal fees

For crypto withdrawals, Bybit applies a fixed fee based on the specific coin and its corresponding chain. This isn't a percentage-based charge, but a flat amount that reflects estimated network costs. You can find this information on the platform’s deposit and withdrawal status page, as well as directly in the withdrawal window.

Bybit withdrawal fees for fiat operate a bit differently. The exact cost depends on your region, the currency you’re using, and the payment method chosen. Some options may be fee-free, while others include service or conversion charges. The exact details will be shown once you start a withdrawal request through the app or web platform.

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Additional Bybit Fees

So far, I’ve covered the Bybit fees that matter most to everyday users. But if you’re the type who likes to poke around and explore every corner of the platform, there are a few extra charges you might bump into.

Funding Fees

To keep perpetual contract prices aligned with the spot market, Bybit uses a funding rate mechanism. This rate acts as a balancing force between buyers and sellers.

When the perpetual price trades above the spot price, the funding rate is positive. In this case, long position holders pay shorts. This setup encourages more traders to enter short positions, which helps push the price back down toward the spot level.

On the flip side, if the perpetual price falls below the spot price, the funding rate turns negative. That means shorts pay longs instead, incentivizing more buy-side activity to bring the price back up. The direction of the funding shows which side of the market is currently more aggressive.

Funding fees are exchanged directly between traders at the end of each funding interval and aren’t collected by Bybit. They’re typically settled every 8 hours and calculated based on the notional value of your open position.

Leveraged Token Fees

Bybit’s leveraged tokens give you simplified access to leverage without the need to manage margin or worry about liquidation. They’re designed for short-term opportunities in a one-sided market and provide amplified exposure to the underlying asset.

But as with anything that sounds convenient, it’s worth knowing what the actual costs are.

Table: Bybit leveraged token fees

Some of these charges apply instantly (like trading and subscription), while others (management and funding) gradually reduce the token’s value over time. If you're using these for quick in-and-out trades, the impact is usually small. But if you're holding longer, these fees can quietly eat into your returns.

Bybit Card Fees

Bybit Card turns your crypto into spending power at over 90 million Mastercard-supported merchants around the world. Whether you’re shopping online, grabbing a cup of coffee, or pulling cash from an ATM, it bridges the gap between digital assets and everyday payments.

But just like any card, it comes with a few costs worth knowing upfront. The exact Bybit Card fees depend on where you live, so let me break them down for you:

Table: Bybit Card fees across supported regions

Note that the foreign exchange fee is charged on top of Mastercard’s FX rate when you’re paying in a different currency. If you're using crypto to fund your purchases, there's also a crypto conversion fee based on Bybit’s One-Click Sell rate. Keep in mind that the minimum conversion amount applies (usually 1 USD or EUR).

ATM withdrawals are fee-free up to a certain monthly threshold (e.g., 100 EUR or 100 USD). After that, a 2% fee applies. While there are no annual, inactivity, or cancellation fees, frequent ATM users should be aware of daily and monthly withdrawal caps, which can vary by region.

Bybit also sets spending limits based on your country and the type of card you use (virtual, physical, or lite). These limits usually won’t affect casual users, but they’re good to keep in mind if you’re planning high-volume or frequent transactions.

Whether you're just testing it out or planning to use it regularly, knowing how these Bybit Card fees work can help you stay in control of your spending.

📚 Read More: Bybit Card Review

Bybit Fees VS Other Exchanges

By now, you should have a good understanding of how Bybit fees work. But there’s still a question that matters if you’re weighing your options: how does it compare to other platforms?

So to give you a clearer picture, let’s walk through a side-by-side look at how Bybit trading fees stack up against two of the industry leaders: Binance and Kraken.

Bybit Fees VS Binance Fees

When it comes to comparing trading fees, Binance naturally comes up as a point of reference. As one of the largest and most established centralized exchanges in the world, it’s known for offering competitive rates across a wide range of products.

Let’s start with spot trading. Both Bybit and Binance charge a standard maker and taker fee of 0.10%. But, Binance gives you a 25% discount if you pay using BNB. The discount applies even if you’re not a VIP, which makes it a nice perk for casual traders.

For futures trading, Binance has a slight edge with taker fees at 0.05%. It’s a small difference compared to the Bybit futures fee of 0.055%, but still worth noting. On the other hand, Bybit pulls ahead in options trading, offering a lower maker fee of 0.02% versus Binance’s 0.03%.

	BINANCE	BYBIT
Maximum Trading Amount (Daily)	-	-
Withdrawal Fees	0.0001 BTC	0.0001 BTC
Trading Fees	Up to 0.1%	Up to 0.1%
	See TOP10 Brands Read review	See TOP10 Brands Read review

Table: Bybit fees VS Binance fees

Also note that both exchanges offer tiered VIP programs that reduce fees as your activity increases, but they go about it a bit differently. Binance bases your status on 30-day trading volume and your BNB holdings. Bybit, however, is a bit more flexible because you can qualify based on trading volume or your total asset balance.

All things considered, comparing Bybit fees VS Binance feels like a fair matchup. Binance has a slight edge when it comes to accessibility. Still, Bybit’s strong derivatives products make up for the difference, and I personally don’t mind the slightly higher futures fees, given what you get in return.

📚 Read More: Binance Fees 2025: The Ultimate Guide

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Bybit Fees VS Kraken Fees

Another platform that Bybit is often compared to is Kraken. As a US-based exchange with a long-standing reputation for compliance, security, and support for traditional banking methods, it appeals to both retail and institutional traders who prioritize stability and regulatory oversight.

Bybit applies a flat 0.10% maker and taker fee for spot trading across the board. Kraken, on the other hand, starts noticeably higher with standard spot fees at 0.25%/0.40% for makers and takers. That said, Kraken has a twist. It offers a lower fee schedule for select pairs like FX (EUR/USD), stablecoin pairs (DAI/USDT), and pegged tokens (WBTC/BTC), starting at 0.20%.

Kraken has a slight edge when it comes to futures, with taker fees at 0.050%, just under Bybit’s 0.055%. However, it’s worth pointing out that Kraken doesn’t offer options trading, so if you're looking for a full suite of derivatives, that might be a deal-breaker.

	KRAKEN	BYBIT
Maximum Trading Amount (Daily)	-	-
Withdrawal Fees	Up to $60	0.0001 BTC
Trading Fees	Up to 0.40%	Up to 0.1%
	Visit site Read review	See TOP10 Brands Read review

Table: Bybit fees VS Kraken fees

Both platforms offer tiered fee programs. Bybit gives you two paths: lower fees if you hit a 30-day trading volume or maintain a qualifying asset balance. Kraken’s discounts are purely volume-based, which can be tougher for low-frequency traders. That extra flexibility on Bybit makes it easier for more users to benefit.

So in terms of trading fees, I’d say Bybit comes out ahead with lower spot costs and more derivative variety. But Kraken’s higher fees do come with perks like robust fiat on-ramps, strong regulatory backing, and a platform that feels tailor-made for compliance-conscious traders.

📚 Read More: Kraken Fees Explained

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Conclusions

Wrapping things up, I think it’s fair to say that Bybit fees are quite competitive in today’s market. Sure, they’re not the absolute cheapest out there, but given the range of features, tools, and especially its deep derivatives offering, the pricing feels more than well justified.

The fee schedule also becomes more appealing when you factor in the VIP program. Whether you're trading actively or just holding a sizable balance, you’ve got a clear path to reducing your fees without any complicated requirements. That flexibility makes it ideal not just for retail traders with high activity, but also for institutions looking to maximize cost efficiency.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Garvey R., Qin Y.: ‘Inverted vs Maker-Taker Routing Choice and Trader Information’;

2. Kim D., Ryu D., Webb R. I.: ‘Determination of Equilibrium Transaction Fees in the Bitcoin Network: A Rank-Order Contest’.