common-close-0
BYDFi
Trade wherever you are!

What are the fees and commissions associated with trading on Bybit?

avatarSanket TaydeDec 16, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees and commissions associated with trading on Bybit? I would like to know the costs involved in trading on this platform.

What are the fees and commissions associated with trading on Bybit?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    When trading on Bybit, you will encounter several fees and commissions. The main fee is the trading fee, which is charged when you open or close a position. Bybit charges a maker fee of 0.025% and a taker fee of 0.075%. Additionally, there is a funding fee for perpetual contracts, which is paid every 8 hours. The funding fee is determined by the interest rate difference between long and short positions. It is important to note that Bybit does not charge any deposit or withdrawal fees. Overall, the fees and commissions on Bybit are competitive compared to other cryptocurrency exchanges.
  • avatarDec 16, 2021 · 3 years ago
    Trading on Bybit comes with its fair share of fees and commissions. The trading fee is split into maker and taker fees, with makers paying a lower fee for adding liquidity to the order book and takers paying a higher fee for removing liquidity. Bybit's maker fee is 0.025% and the taker fee is 0.075%. In addition to the trading fee, there is a funding fee for perpetual contracts. This fee is calculated based on the interest rate difference between long and short positions and is paid every 8 hours. It's worth noting that Bybit does not charge any deposit or withdrawal fees, which is a plus for traders. Overall, the fees and commissions on Bybit are reasonable and in line with industry standards.
  • avatarDec 16, 2021 · 3 years ago
    Bybit, a popular cryptocurrency exchange, has a transparent fee structure for traders. When it comes to fees and commissions, Bybit charges a maker fee of 0.025% and a taker fee of 0.075%. These fees are competitive compared to other exchanges in the market. Additionally, Bybit has a funding fee for perpetual contracts, which is determined by the interest rate difference between long and short positions. This fee is paid every 8 hours. It's important to note that Bybit does not charge any deposit or withdrawal fees, making it an attractive option for traders. Overall, Bybit offers a fair fee structure that is beneficial for traders looking to trade cryptocurrencies.