Bybit Fee Structure Demystified
Bybit Fee Structure Demystified
Bybit is a major cryptocurrency exchange offering a wide range of trading products, including spot trading and derivatives such as futures. This overview aims to provide a beginner-friendly explanation of its core features and fee system.
Core Features Overview
Bybit provides a platform for users to trade various digital assets. Key features include:
- High-speed matching engine.
- Support for both perpetual and dated futures contracts.
- A user-friendly interface accessible via web and mobile applications.
- Various promotional offers, which can be viewed at Bybit promotions page.
Fee Structure Basics
Bybit employs a tiered maker-taker fee model for most trading pairs. Fees are generally lower for users with higher trading volumes or larger asset holdings (VIP levels).
The standard fee structure usually differentiates between:
- Maker: An order that does not immediately execute but is placed into the Order book. Makers add liquidity to the market.
- Taker: An order that executes immediately against existing orders in the Order book. Takers remove liquidity from the market.
Below is a simplified representation of standard trading fees for non-VIP users:
| Trading Type | Maker Fee (Standard) | Taker Fee (Standard) |
|---|---|---|
| Spot Trading | 0.10% | 0.10% |
| USDC Perpetual Futures | 0.02% | 0.05% |
For detailed breakdowns, especially concerning derivatives, users should consult specific documentation, such as information on Futures Fee Structures.
Supported Assets and Markets
Bybit supports a large and growing selection of cryptocurrencies.
Spot Trading
The Spot market allows users to buy and sell crypto assets instantly at the current market price or set specific prices. Assets are delivered directly to the user's wallet on the exchange.
Derivatives Trading
Bybit is well-known for its derivatives markets, primarily offering:
- Perpetual Contracts (e.g., BTCUSDT Perpetual): Contracts that do not expire.
- Inverse Contracts: Contracts settled in the underlying asset.
Users trading derivatives must understand concepts like margin, leverage, and liquidation. Contract specifications are detailed on pages like Bybit Contract Specifications Page.
Order Types Available
Traders can utilize several order types to manage their execution strategy:
- Limit Order: Sets a specific price at which the order should execute.
- Market Order: Executes immediately at the best available price.
- Stop orders (Stop Market, Stop Limit): Used to manage risk by triggering an order when a certain price level is reached.
- Conditional orders.
Liquidity and Markets
Bybit maintains significant liquidity across its major trading pairs, especially in its derivatives markets. High liquidity generally results in tighter spreads (the difference between the best bid and ask prices) and better execution prices for large trades. Users can check the current depth of the Order book for specific assets.
Security Practices
Security is paramount for any exchange. Bybit employs several security measures:
- Cold storage for the majority of user assets.
- Two-Factor Authentication (2FA) for account access and withdrawals.
- Anti-phishing codes.
KYC and Limits
Bybit operates with tiered Know Your Customer (KYC) requirements.
- Unverified Accounts: Generally have low withdrawal limits.
- Verified Accounts (KYC Level 1/2): Higher daily withdrawal limits and access to potentially higher trading volumes.
Users must complete the necessary verification steps to increase their operational limits.
Funding, Deposits, and Withdrawals
- Deposits: Crypto deposits are generally free, though network transaction fees apply.
- Withdrawals: Bybit charges a variable network withdrawal fee depending on the cryptocurrency and current network congestion.
- Funding Rate: Relevant only for perpetual futures contracts, this mechanism helps keep the perpetual contract price aligned with the spot price.
User Experience (UX)
The platform is available via a responsive web interface and dedicated mobile applications (iOS and Android). The UX is generally considered intuitive for experienced crypto traders, though beginners may require time to navigate the derivatives interfaces.
Risks and Responsible Trading
Trading cryptocurrencies, especially with leverage in futures markets, carries a high degree of risk. Users can lose their entire investment quickly. It is crucial to only trade with funds you can afford to lose, understand the mechanics of the products being traded, and utilize risk management tools like stop-loss orders.
First Steps Checklist
To start trading on Bybit, follow these initial steps:
- Visit the official site to register: Register here
- Enable Two-Factor Authentication (2FA) immediately.
- Complete necessary KYC verification if higher limits are required.
- Make your first deposit of cryptocurrency.
- Practice trading with a small amount in the Spot market first to familiarize yourself with the interface.
See also (on this site)
- Bybit Spot Trading Explained Simply
- Understanding Bybit Futures Contracts
- Bybit Account Setup First Steps
- Exploring Bybit Supported Cryptocurrencies
Recommended articles
- Fee Structure
- Bybit Derivatives
- Bybit Exchange Tutorial
- Kraken Fee Schedule
- Bybit Funding Rate Explanation
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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