Trading on a cryptocurrency exchange involves various costs, and understanding the fee structure is essential for every trader. On Bybit, spot trading fees are determined based on whether a trader acts as a maker or a taker—a common model across most digital asset platforms. This guide breaks down the current spot trading fee structure on Bybit, explains how fees are calculated, and provides practical examples to help you better manage your trading costs.
Understanding Makers and Takers in Spot Trading
In any order-driven market, participants fall into two primary categories: market makers and market takers. Your role in a trade directly impacts the fees you pay.
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What Is a Market Maker?
A maker is a trader who places a limit order that does not immediately execute but instead adds liquidity to the order book. Because this order "makes" market depth available for others, it’s called a maker order, and the associated cost is the maker fee.
Makers typically benefit from lower (or even negative) fees on some platforms because they contribute to market stability and liquidity.
What Is a Market Taker?
A taker is a trader who places an order—often a market order—that executes immediately by matching against existing orders in the order book. This action removes liquidity, hence the term "taking" liquidity. The cost incurred is known as the taker fee, which is generally higher than the maker fee.
On Bybit, both maker and taker fees for spot trading are currently set at 0.1%, making the fee structure straightforward for non-VIP users.
Bybit Spot Trading Fee Schedule (Non-VIP)
The following rates apply to all spot trading pairs on Bybit for regular users:
- Maker Fee: 0.1%
- Taker Fee: 0.1%
This means that regardless of whether you're adding or removing liquidity, you’ll be charged the same flat rate of 0.1% per executed trade.
Note: VIP users may qualify for reduced fees based on trading volume and OKB holdings (on competing platforms), though Bybit has its own tiered VIP system. For updated details, always refer to official resources.
While this flat-rate model simplifies cost prediction, active traders should still monitor their execution style to optimize long-term expenses—especially when scaling up volume.
How to Calculate Spot Trading Fees on Bybit
Understanding how fees are calculated empowers traders to anticipate costs accurately before placing orders.
Formula:
Spot Trading Fee = Executed Trade Value × Applicable Fee Rate
The fee is always deducted in the base currency of the trading pair—for example, BTC in BTC/USDT trades or ETH in ETH/USDT trades.
Let’s explore this with real-world scenarios.
Example 1: Market Buy Order (Taker)
Assume the current price of BTC/USDT is 40,000 USDT, and Trader A places a market order to buy 0.5 BTC using USDT.
Since this order executes instantly against existing sell orders, Trader A acts as a taker and incurs the taker fee of 0.1%.
- Trade Value: 0.5 BTC × 40,000 USDT = 20,000 USDT
- Fee Amount: 0.5 BTC × 0.1% = 0.0005 BTC
After execution:
- Trader A receives: 0.5 – 0.0005 = 0.4995 BTC
- The fee is paid in BTC (the base currency)
Example 2: Limit Buy Order (Maker)
Trader B places a limit buy order for BTC/USDT at 39,900 USDT for 20,000 USDT worth of BTC. If this order doesn’t fill immediately and sits on the order book, it becomes a maker order.
When eventually matched:
- Amount Purchased: 20,000 / 39,900 ≈ 0.50125 BTC
- Fee: 20,000 USDT × 0.1% = 20 USDT equivalent in BTC
- Since fees are charged in the base currency (BTC), Bybit will deduct approximately 0.0005 BTC (based on prevailing rates)
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Result:
- Trader B receives slightly less than 0.50125 BTC after the fee deduction.
- Their contribution to market liquidity earns them preferential treatment under more advanced fee models elsewhere.
Key Points About Bybit’s Fee Policy
Here are important details every trader should remember:
- ✅ Fees are only charged on executed trades – No cost is incurred for canceled orders or partially unfilled portions.
- ✅ Fee currency is the base asset – For BTC/USDT, fees are paid in BTC; for ETH/BTC, fees are paid in ETH.
- ✅ Flat-rate for non-VIP users – Both maker and taker fees are set at 0.1%, simplifying budgeting.
- ✅ Historical records available – Users can review past transactions and fee deductions in their trading history dashboard.
Frequently Asked Questions (FAQ)
Q: Are Bybit’s spot trading fees different for VIP users?
Yes, Bybit offers a tiered VIP program where users with higher trading volumes or larger account balances can qualify for reduced maker and taker fees—even negative maker fees in some cases. These tiers incentivize high-frequency and high-volume traders.
Q: Do I get charged if my order doesn’t fully execute?
No. Fees are applied only to the portion of an order that is successfully filled. If your limit order remains open or gets canceled without execution, no fee is charged.
Q: Can I reduce my trading fees on Bybit?
Yes. You can lower your fees by:
- Increasing your monthly trading volume to reach VIP tiers
- Holding qualifying assets (though Bybit doesn’t use a native token like some exchanges)
- Using maker orders consistently to benefit from potential future fee rebates
Q: Why are maker and taker fees the same on Bybit?
Unlike some exchanges that reward makers with lower or zero fees, Bybit currently applies a uniform rate. However, this could change as competition increases and platforms enhance incentives for liquidity providers.
Q: Where can I check my transaction fees?
You can view all executed trades and associated fees under the Order History or Transaction Records section in your Bybit account dashboard.
Q: Is there a minimum fee threshold?
Bybit may enforce minimum fee thresholds for very small trades to prevent abuse or negligible transactions. Check their latest help center documentation for specifics.
Final Thoughts
Bybit's spot trading fee structure is transparent and user-friendly, especially for beginners who value simplicity over complex incentive schemes. With both maker and taker fees set at 0.1%, traders can easily calculate potential costs without needing advanced tools.
However, as your trading activity grows, consider aiming for VIP status or refining your order types to maximize efficiency—even small reductions in fees can significantly boost net returns over time.
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Whether you're new to crypto trading or expanding your portfolio, understanding how fees work is a foundational step toward smarter investing. Keep monitoring updates from exchanges and compare structures across platforms to ensure you're getting the best possible terms for your trading style.