Trading on a cryptocurrency exchange involves various costs, and understanding the fee structure is essential for maximizing profits and minimizing expenses. Bybit, a leading digital asset trading platform, offers a tiered fee system based on user activity and account status. This guide breaks down Bybit’s fee model, including maker and taker fees, VIP levels, and how you can reduce your trading costs.
Whether you're new to crypto trading or an experienced investor, knowing how fees are calculated—and how to qualify for lower rates—can significantly impact your long-term returns. Let's dive into the details.
How Bybit Determines Trading Fees
Bybit applies different fee rates depending on whether you are a maker or a taker in a trade:
- Maker: You place an order that doesn't immediately match with an existing one, thus "making" liquidity on the order book. Makers typically enjoy lower fees.
- Taker: You place an order that instantly matches with an existing one, "taking" liquidity from the market. Takers usually pay slightly higher fees.
These base rates vary by product type—spot trading, derivatives, or fiat pairs—and are further adjusted according to your VIP level.
👉 Discover how low fees can boost your trading performance today.
VIP Levels and Fee Discounts
Bybit uses a dynamic VIP program where users unlock better fee tiers based on either their asset balance or 30-day trading volume—whichever qualifies them for a higher level. You only need to meet one criterion to access the corresponding benefits.
VIP status is updated daily at 07:00 UTC, and all sub-accounts inherit the same fee rates as the main account.
Spot Trading Fee Rates (Crypto Pairs)
| VIP Level | Taker Fee | Maker Fee |
|---|---|---|
| VIP 0 | 0.1000% | 0.1000% |
| VIP 1 | 0.0800% | 0.0675% |
| VIP 2 | 0.0775% | 0.0650% |
| VIP 3 | 0.0750% | 0.0625% |
| VIP 4 | 0.0600% | 0.0500% |
| VIP 5 | 0.0500% | 0.0400% |
| Premier VIP | 0.0450% | 0.0300% |
Note: These rates apply only to cryptocurrency-to-cryptocurrency trading pairs. Fiat-crypto pairs (e.g., USDT/EUR) follow a separate structure.
Fiat-Crypto Trading Fee Schedule
For trades involving fiat currencies, Bybit applies tiered fees based on your 30-day trading volume:
| VIP Level | 30-Day Volume (USD) | Taker Fee | Maker Fee |
|---|---|---|---|
| VIP 0 | < $100,000 | 0.2000% | 0.1500% |
| ≥ $100,000 | 0.2000% | 0.1000% | |
| ≥ $275,000 | 0.1500% | 0.1000% | |
| ≥ $550,000 | 0.1200% | 0.1000% | |
| VIP 1 | ≥ $1,000,000 | 0.1000% | 0.0675% |
| VIP 2 | ≥ $5,000,000 | 0.0775% | 0.0650% |
| VIP 3 | ≥ $10,000,000 | 0.0750% | 0.0625% |
| VIP 4 | ≥ $25,000,000 | 0.0600% | 0.0500% |
| VIP 5 | ≥ $50,000,000 | 0.0500% | 0.0400% |
| Premier VIP | ≥ $100,000,000 | 0.45% | 3.33%% |
Your effective rate will be determined by whichever tier—VIP level or trading volume—is more favorable.
Qualifying for VIP Status
To advance through the VIP ranks, users must meet specific thresholds in either asset holdings or trading volume:
| VIP Level | Asset Balance (USD) | Spot Trading Volume (30 Days) |
|---|---|---|
| VIP 1 | ≥ $10,₀₀₀ | ≥ $1,₀₀₀,₀₀₀ |
| VIP 2 | ≥ $25₀₀₀ | ≥ $5₀₀₀₀₀₀ |
| VIP 3 | ≥ $5₀₀₀₀ | ≥ $1₀₀₀₀₀₀₀ |
| VIP 4 | ≥ $1,₀₀₀,₀₀₀ | ≥ $2,₅₀₀₀₀₀₀ (API ≤2%) |
| VIP 5 | ≥ $2,₀₀₀,₀₀₀ | ≥ $5,₀₀₀,₀₀₀ (API ≤2%) |
| Premier VIP | N/A | ≥ $1₀₀,₀₀₀,₀₀₀ (API ≤2%) |
Asset balance includes total wallet holdings across all account types.
Users whose API trading exceeds 2% of total volume may face restrictions for higher tiers (VIP 4 and above).
Example: How Tier Upgrading Works
Imagine User A has:
- $25,₅₀₀ in assets (qualifies for VIP 2)
- $6,₂₅₀,₅₅₅ in derivatives trading volume over the past month (qualifies for VIP 3)
Since Bybit selects the higher eligible tier, User A will receive VIP 3 benefits, including reduced maker and taker fees.
Market Maker Incentive Program
In addition to standard discounts, Bybit offers a Market Maker Incentive Program designed for high-frequency traders and liquidity providers. Eligible participants can earn up to -1.33%% in maker rebates, meaning they get paid for adding liquidity.
This program encourages stable order books and tighter spreads—benefiting both market makers and regular traders.
👉 Learn how advanced trading strategies can help you earn while you trade.
Key Factors Influencing Your Fees
Several elements affect the final fee you pay:
- Account Type: Spot vs derivatives vs fiat trading
- Order Type: Maker vs taker
- Trading Volume: Higher volume unlocks better rates
- Held Assets: Larger balances improve eligibility
- Geographic Region: Some regions may have adjusted fee schedules
Always check your current rate in your account dashboard after completing KYC verification for the most accurate information.
Frequently Asked Questions (FAQ)
Q: How often are VIP levels updated?
A: Bybit updates VIP statuses every day at 7:₅₅ UTC based on your previous day’s metrics.
Q: Do sub-accounts have separate fee structures?
A: No. All sub-accounts automatically inherit the same fee rates as the parent account.
Q: Can I qualify for a higher tier using both asset balance and trading volume?
A: Yes—but you only need to meet one condition to unlock a given tier. The system assigns the highest possible level based on either criterion.
Q: Are there fees for deposits or withdrawals?
A: Bybit does not charge deposit fees for most cryptocurrencies. Withdrawal fees vary by coin and network congestion.
Q: What happens if my volume drops below the required threshold?
A: Your VIP level may be downgraded in the next daily update, resulting in higher fees unless you maintain balance or volume requirements.
Q: How do I check my current fee rate?
A: Log in to your Bybit account and navigate to the “My Fee Rate” section after completing identity verification.
👉 See how competitive fees can transform your crypto trading strategy now.
Final Thoughts
Understanding Bybit’s fee structure empowers you to make smarter trading decisions. By increasing your trading volume or maintaining a healthy asset balance, you can move up the VIP ladder and enjoy progressively lower fees—or even earn rebates as a market maker.
Remember that small differences in fees compound over time, especially for active traders. Optimizing your rate isn’t just about saving pennies—it’s about enhancing long-term profitability.
Keep this guide handy as you plan your next moves on Bybit—and consider exploring platforms with similarly transparent pricing models to compare options.
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