Bybit, a leading cryptocurrency exchange, has a variety of fees associated with different services and transactions. This guide provides a detailed overview of all the fees you need to know when using Bybit, including deposit fees, withdrawal fees, trading fees, and more.
What are the deposit fees on Bybit?
Bybit does not charge fees for internal transfers or on-chain crypto deposits into your Bybit account. However, buying crypto directly through the platform comes with transaction fees, which vary depending on the currency and payment method used. All these fees are displayed on the order page.
Please note that peer-to-peer (P2P) trading on Bybit is free of transaction fees for both buyers and sellers, though fees may be charged by payment providers depending on the selected payment method.
How much does Bybit charge for withdrawals?
Bybit charges a withdrawal fee for on-chain withdrawals, which varies depending on the coin and the blockchain used. The specific fees and minimum withdrawal amounts are stated in the withdrawal window and will differ for the selected token. However, no fees are charged for internal transfers between Bybit accounts.
What are the trading fees on Bybit?
Bybit imposes trading fees on spot trading, derivatives trading, and options trading. The fees differ for takers and makers, with further reductions available depending on the user’s VIP level. For non-VIP users, the fees are as follows:
- Spot Trading: 0.1% for both takers and makers
- Perpetual & Futures Trading: 0.055% for takers and 0.02% for makers
- Options Trading: 0.02% for both takers and makers
How are funding fees calculated on Bybit?
Funding fees are periodic payments exchanged between traders holding positions in perpetual contracts, designed to keep the last traded price aligned with the global spot price.
If the perpetual market price is above the spot price, long position holders pay short position holders, and vice versa when the market price is below the spot price. The funding fee rate and intervals are visible on the trading page and will differ from coin to coin and depending on market conditions. More info on Bybit perpetual futures can be found here.
What are the liquidation fees on Bybit?
Bybit charges a liquidation fee in certain trading activities:
- Spot Margin Trading and Crypto Loans have a liquidation fee of 2%.
- Options trading has a liquidation fee of 0.2%.
- No liquidation fee is charged for perpetual and futures trading.
What are the interest rates for borrowing on Bybit?
Interest is charged hourly for borrowing in services like spot margin trading, crypto loans, and other lending services. The specific interest rates can be found on the respective product pages and will also differ depending on the coin.
What other fees does Bybit charge?
Bybit also charges fees for various other services, including:
- Subscription and redemption fees, as well as management fees for leveraged tokens.
- Fees associated with the NFT marketplace.
- Fees for using the Bybit card.
Each of these fees is structured to facilitate a source of income for the exchange that offers their services for its users. Understanding these fees is essential for anyone looking to trade or invest through Bybit, so we have you covered.