What are the differences between Binance and Bybit in terms of trading fees?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! Binance and Bybit are both popular cryptocurrency exchanges, but they have some differences in terms of trading fees. Binance offers a tiered fee structure, where the fees you pay depend on your trading volume over the past 30 days. The more you trade, the lower your fees will be. Bybit, on the other hand, charges a flat trading fee of 0.075% for both makers and takers. This means that regardless of your trading volume, you will always pay the same fee on Bybit. So, if you are a high-volume trader, Binance might offer lower fees for you, while Bybit might be more cost-effective for smaller traders.
  611306
• Dec 16, 2021 · 3 years ago
  When it comes to trading fees, Binance and Bybit have different approaches. Binance offers a maker-taker fee model, where makers (those who add liquidity to the order book) pay lower fees than takers (those who remove liquidity from the order book). The fees range from 0.1% for takers to 0.02% for makers, depending on your trading volume. Bybit, on the other hand, charges a flat fee of 0.075% for both makers and takers. This means that regardless of whether you are adding or removing liquidity, you will always pay the same fee on Bybit. So, if you are a maker and want to minimize your fees, Binance might be a better choice for you.
  639213
• Dec 16, 2021 · 3 years ago
  In terms of trading fees, Binance and Bybit have different fee structures. Binance offers a tiered fee system, where your trading fees decrease as your trading volume increases. The fees range from 0.1% for users with a trading volume below 50 BTC in the past 30 days to as low as 0.02% for users with a trading volume above 150,000 BTC. Bybit, on the other hand, charges a flat fee of 0.075% for both makers and takers, regardless of your trading volume. So, if you are a high-volume trader, Binance might offer lower fees for you, while Bybit might be more suitable for smaller traders who prefer a fixed fee structure.
  621156