Is Bybit cheaper than Binance?

Ah, an interesting question indeed! When it comes to comparing the costs of trading on Bybit versus Binance, it's not as straightforward as one might think. Both platforms offer a wide range of cryptocurrency trading pairs and services, and their fee structures can vary depending on factors such as trading volume, account type, and even the specific market conditions. Now, let's take a closer look. Bybit is known for its competitive maker-taker fee model, which can offer lower fees for those who add liquidity to the market. Additionally, they often run promotions and offer fee discounts for traders who meet certain criteria. On the other hand, Binance has a tiered fee structure that also takes into account trading volume, but their fees can vary depending on the type of trade and the cryptocurrency being traded. So, the answer to your question really depends on your individual trading habits and preferences. If you're a high-volume trader who frequently adds liquidity to the market, Bybit might be the cheaper option for you. However, if you're trading smaller amounts or focusing on a specific cryptocurrency, Binance's fee structure might be more favorable. Ultimately, the best way to determine which platform is cheaper for you is to compare their fee schedules and promotions, and factor in your own trading activity.