Cryptocurrency Q&A
How much does Bybit charge per transaction?
How much does Bybit charge per transaction?
Alessandra
Mon Sep 23 2024
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5 answers
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I'm curious to know, could you please elaborate on the transaction fees charged by Bybit? Specifically, I'm interested in understanding how much Bybit levies on each transaction that takes place on their platform. It would be great if you could provide a concise overview of their fee structure, including any potential discounts or incentives for frequent traders. Additionally, I'm wondering if these fees vary depending on the type of transaction or the currency pairs involved. Thank you for your assistance in clarifying this matter.
5 answers
CryptoTitan
Wed Sep 25 2024
For futures trading, which involves buying and selling contracts for cryptocurrencies at a predetermined future date and price, fees may differ from those for spot trading. Futures trading often requires margin, a deposit of funds that serves as collateral for the contract.
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SumoStrength
Wed Sep 25 2024
Additionally, some exchanges offer options trading, which allows users to buy or sell the right to buy or sell a cryptocurrency at a specified price within a specific time frame. Fees for options trading may also vary based on the exchange and the specific terms of the options contract.
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Elena
Wed Sep 25 2024
Apart from trading fees, cryptocurrency exchanges may also charge fees for deposits and withdrawals of fiat currencies, such as USD or EUR. These fees can range from a small percentage of the transaction amount to a fixed fee, depending on the method used. For example, Bybit charges a fee ranging from 0.08% to 2% for fiat deposits.
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KpopHarmonySoulMate
Wed Sep 25 2024
Trading fees on cryptocurrency exchanges vary depending on the type of transaction and the user's VIP level. For instance, on certain exchanges, the fees for spot trading, which involves buying and selling cryptocurrencies at the current market price, are determined by a maker/taker system.
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WhisperEcho
Wed Sep 25 2024
In this system, makers, who place orders that are not immediately filled, are charged lower fees than takers, who place orders that are filled immediately by an existing order on the order book. For example, on some exchanges, spot trading fees for both makers and takers can start as low as 0.10%.
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