Choosing the right crypto exchange goes beyond features and user interface. One of the most critical factors affecting long-term profitability is trading fees. Binance and Bybit are two of the most widely used cryptocurrency exchanges globally, each offering competitive pricing across spot trading, futures, options, and withdrawals.
This in-depth report provides a transparent and detailed breakdown of Binance vs Bybit fees, helping traders understand where costs differ and which platform offers better value depending on trading style.
Understanding How Exchange Fees Work
Both Binance and Bybit use a maker–taker fee model. Makers add liquidity to the order book by placing limit orders, while takers remove liquidity by executing market orders.
In general:
- Makers pay lower fees
- Takers pay higher fees
- Higher trading volume unlocks lower fees
Although both exchanges start with similar base fees, the final cost depends on discounts, VIP tiers, and trading products.
Binance Spot Trading Fees
Binance spot trading fees start at 0.10% for both makers and takers. This applies to standard trading pairs such as BTC/USDT, ETH/USDT, and most altcoins.
One major advantage of Binance is its BNB fee discount. Traders who pay fees using Binance Coin (BNB) receive a 25% discount, reducing spot fees to approximately 0.075%.
Binance also operates a multi-level VIP system. Traders with high 30-day trading volume and sufficient BNB holdings can reduce spot fees to as low as:
- Maker: ~0.011%
- Taker: ~0.023%
This makes Binance particularly attractive for active spot traders and institutions.
Bybit Spot Trading Fees
Bybit also charges a 0.10% maker and taker fee on spot trades at entry level, placing it on equal footing with Binance for new users.
Unlike Binance, Bybit does not offer a native token fee discount. Instead, it relies on a VIP tier structure based on either:
- 30-day trading volume, or
- Total asset balance
As traders move up the VIP tiers, spot maker fees can drop below 0.08%, making Bybit competitive for high-volume users who do not want to hold an exchange token.
Spot Fee Comparison Table
| Exchange | Maker Fee | Taker Fee | Discounts |
|---|---|---|---|
| Binance | 0.10% | 0.10% | 25% off with BNB, VIP tiers |
| Bybit | 0.10% | 0.10% | VIP tiers only |
Binance Futures Trading Fees
Binance is widely regarded as one of the cheapest platforms for futures trading. For USDT-M perpetual contracts, the base fees are:
- Maker: 0.02%
- Taker: 0.05%
Traders who use BNB to pay fees receive an additional 10% discount on futures trading.
At higher VIP levels, Binance futures maker fees can reach 0%, while taker fees can fall below 0.02%, which is extremely competitive in the derivatives market.
Bybit Futures Trading Fees
Bybit is best known for derivatives trading and offers very competitive futures fees.
Base futures fees on Bybit are:
- Maker: 0.01%–0.02%
- Taker: 0.055%–0.06%
While Bybit often has slightly higher taker fees than Binance, its maker fees can be lower, making it attractive for traders who use limit orders.
VIP tiers further reduce futures fees, rewarding professional traders and liquidity providers.
Futures Fee Comparison Table
| Exchange | Maker Fee | Taker Fee | Best For |
|---|---|---|---|
| Binance | 0.02% | 0.05% | High-volume takers |
| Bybit | 0.01% | 0.055% | Liquidity providers |
Options Trading Fees
Both Binance and Bybit offer crypto options trading with similar pricing.
At base level:
- Binance options fee: ~0.03%
- Bybit options fee: ~0.03%
Options trading fees are generally less complex than futures and do not include BNB discounts on Binance.
Deposit Fees on Binance vs Bybit
Both exchanges charge zero fees for cryptocurrency deposits.
Fiat deposit fees depend on the payment method used, such as:
- Bank transfer
- Debit or credit card
- Local payment rails
Fees vary by country and provider, so users should always confirm before depositing fiat.
Withdrawal Fees Comparison
Neither Binance nor Bybit charges percentage-based withdrawal fees. Instead, they apply fixed network fees per asset.
These fees depend on:
- The cryptocurrency
- The blockchain network used
- Current network congestion
In many cases, Binance offers slightly lower withdrawal fees on major assets like Bitcoin and USDT, but this can change over time.
Funding Fees and Hidden Costs
For perpetual futures contracts, both platforms apply funding fees. These are not exchange fees but payments between long and short traders.
Funding rates fluctuate based on market conditions and can either cost or earn traders money.
Additional costs may include:
- Margin interest
- Liquidation penalties
- Conversion spreads
Which Exchange Has Lower Fees Overall?
The answer depends on your trading behavior:
- Spot traders: Binance is cheaper if you use BNB
- Futures makers: Bybit often has lower maker fees
- High-volume traders: Binance VIP tiers offer deeper discounts
- BNB-free traders: Bybit avoids token-based incentives
Final Verdict: Binance vs Bybit Fees
Both Binance and Bybit offer industry-leading fee structures. Binance excels in overall flexibility, deep liquidity, and aggressive VIP discounts, while Bybit shines in derivatives trading and maker-friendly pricing.
For most users, the best strategy is to choose the exchange that aligns with your trading style rather than chasing the lowest advertised fee.
Always verify live fee schedules before trading, as exchange policies and promotions can change.
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