Bybit Fees vs Binance (2026): Full Comparison of Trading Costs

On leading centralized exchanges like Bybit and Binance, trading fees apply when you buy or sell crypto assets, which can be high, low, or free depending on the exchange you are trading on. 

For new traders, executing spot or futures trades on exchanges at low transaction fees can help you preserve capital for actual trading. Frequent or high-volume traders can leverage lower fees, and fee discounts can drastically reduce trading costs (up to 50% in most cases) and maximize profits. 

In this article, we compared Bybit and Binance trading fees to see which is better or cheaper. Also, we take a look at the VIP benefits and other available fee discounts that new or experienced traders can use to cut costs.

 

Can't use Bybit or Binance in your country? See our previous article on the best DEXs in 2026 for fast trading, lower fees, and no KYC.

 

Bybit Trading Fees vs Binance Trading Fees: 

Bybit and Binance apply trading fees on crypto transactions. Like most exchanges, spot trades attract higher fees, while the fees on futures trades are lower because it is easy to achieve high trading volume with futures.

 

Bybit Fee Structure

On Bybit, you can execute different types of trades - spot, derivatives, tradfi, and options trades using various assets as margin (capital) or trade directly with fiat currency. The USDT-M pair assets with USDT, the USDC-M pair assets with USDC and the COIN-M pair assets with other crypto assets. 
 

These two factors, the trading model and the margin (crypto or fiat), determine how much Bybit charges as trading fees. 
 

For spot trading, traders pay a 0.1% maker or taker fee. When you are buying with fiat, eg EUR/BTC, Bybit charges a 0.2% taker fee and a 0.15 maker fee.
 

For futures trades, taker and maker fees are different. Bybit charges a 0.055% taker fee and  0.02% maker fee. And the exchange applies a 0.02% maker fee and 0.03% taker fee on options trades. 

 

Bybit Maker vs Taker Explained

The taker fee is higher because it executes a market order, that is, you buy or sell a crypto asset at its current market price, which takes liquidity out of the exchange orderbook. 
 

Maker fee, on the other hand, is lower than the taker fee, because it executes a limit order. This means you are not buying the asset immediately; instead, you set a price, and your order will be filled if the asset price reaches the predicted price. So, your order joins the wait-list, adding liquidity to the orderbook. 

Quick Summary: Bybit Trading Fees

• Bybit Spot trading fees: 0.1% taker and maker fee
• Bybit Futures fees: 0.055% taker fee and  0.02% maker fee
• Bybit Options trading fees: 0.02% maker fee and 0.03% taker fee

 

Trading Fee Discounts on Bybit and How to Get Them

On Bybit, you can enjoy fee discounts when you join a promotion that rewards users with USDT coupons or bonuses, cover trading fees with $MNT, or reach any of the Bybit VIP Levels.

 

Let's see who that works:

Ongoing Promotion for Fee Discount

Bybit, like other centralized exchanges, attracts new users and keeps existing traders through sign-up, deposit, and trading bonuses. Depending on the type of reward offered, you may be able to use the bonuses as trading funds or to cover trading fees. With this, you can reduce trading costs or complete a trade at zero fee.

We explained how to earn up to $30,000 USDT deposit bonus on Bybit in our previous article. 
 

$MNT Discount 

This is an interesting offer available to all traders, whether you are new, an existing trader, or experienced. With it, you can reduce your spot trading fees by 25% and cut futures trading fees by 10%. 

For this, you need to have $MNT in your spot and futures accounts. The exchange automatically uses $MNT to cover your trading fee when you have a sufficient amount of $MNT at the time of order confirmation. However, the discount does not apply to pro-tier users, trading bots, copy trading, or liquidation orders. 

Also, holding $MNT carries considerable risk because, unlike stablecoins like USDT or USDC, $MNT is a volatile asset that can lose value over time. 
 

Bybit VIP Levels and Benefits

Bybit offers 5 VIP Levels, each with a significant discount on trading fees, which is very beneficial for medium and high-volume traders. 

To qualify for a level, you have to complete the monthly trading volume or meet the monthly account balance threshold.  For instance, to get the VIP Level 5, you need to achieve one of the following in the last 30 days: Have a minimum of $2 million in crypto balances or a minimum trading volume of $10 million in spot, $100 million in derivatives, and $25 million in options trading.

Aside from the VIP Levels, Bybit also offers a Pro-Level discount for highly active and professional traders who engage in substantial trading volumes. Here, traders can enjoy up to 90% discount on taker orders and complete maker orders at zero trading fees. MNT discount doesn’t apply here. 

 

Bybit Pro-Levels and Requirement 

 

Binance Fee Structure

Binance trading fee is structured the same way, but the percentages differ slightly. That is, both the trading model and the margin determine the trading fee; however, the fee percentage is not identical.

Starting with Spot trades, Binance charges a 0.1% trading fee on maker or taker orders. This fee is reduced to 0.075% when you pay the fee with $BNB. 

On futures trades, Binance applies a 0.02 maker fee and a 0.05 taker fee with a 10% fee discount when you pay with $BNB. Binance charges a 0.03% fee on options trades (no discount). 

For users in the United States, Binance.US charges 0% maker fee and a 0.01% taker fee on spot trading. 

 

Quick Summary: Binance Trading Fees

• Binance Spot trading fees: 0.1% maker and taker fees
• Binance Futures fees: 0.02% maker fee / 0.05% taker fees
• Binance Options trading fees: 0.03% maker and taker fees

 

Trading Fee Discounts on Binance and How to Get Them

Binance also has 3 ways for new and existing users to enjoy a fee discount. You can enjoy lower trading fees through an ongoing promotion, pay fees using BNB to cut costs, or use the Binance VIP benefits.   
 

Ongoing Promotion

As you will see in the fee table below, Binance currently has an ongoing trading fee promotion for USDC-M positions. Currently, users can enjoy 0% maker fee and 0.04% taker fee for these trades. 
 

Binance BNB Fee discount  

Traders on Binance can significantly reduce trading fees by completing trades with $BNB to cover them. You can enjoy a 25% discount on spot trading fees and get a 10% fee discount on future trades. However, this discount offer does not apply to options trading. 

Additionally, you can enjoy a 5% discount when you pay margin interest with $BNB. 

While these offers help users reduce trading costs, particularly for new users who cannot yet enjoy VIP benefits, it is essential to note that $BNB is a volatile asset that exposes users to considerable losses when its price falls.

Binance VIP Levels & Benefits

Binance also offers VIP benefits for high-volume traders. With this, users with qualifying trading volume or account balance can enjoy a significant fee discount on spot and futures trading. 

For instance, VIP 9 traders receive up to a 50% discount on trading fees when they complete at least $25,000,000,000 futures trading volume or maintain a 5,500 BNB balance within 30 days.  

 

Bybit Tradfi Fees vs Binance Tradfi Trading Fee

Binance and Bybit now offer TradFi trading, and fees are structured differently on the two exchanges. On Binance, trades attract a standard 0.5% service fee. However, Binance also offers Perpetual Tradfi trading (perp tradfi), and it applies a 0.02% maker fee on limit orders and a 0.05% taker fee on market orders. With an ongoing promotion, Binance allows users to complete perp tradfi trades at 0% maker fee and 0.025% taker fee. 

Bybit, on the other hand, charges based on commission per lot. The commission on each tradfi assets differs, with the lowest being $0.02 and the highest is expected to be around $6.

With the above, high volume tradfi trades will attract higher fees on Binance compared to Bybit, where the fees are fixed.

 

Bybit Trading Fees vs Binance Trading Fees

 

 

 

Bybit vs Binance spot trading fees

Both Bybit and Binance charge a 0.1% taker and maker fee on spot trades. You can reduce the cost by 25% when you pay in the exchange's native tokens. 

However, Bybit stands out here for new or existing traders with crypto bonuses. By joining the $30,000 USDT deposit bonus, you can earn free USDT to cover your trading fees completely. 

 

Bybit vs Binance Futures Fees

Also, Binance and Bybit charge similar futures trading fees. However, Binance charges a slightly lower taker fee of 0.05% compared to 0.055% on Bybit. You can also reduce fees by 10% when you hold sufficient $MNT on Bybit or $BNB on Binance. 

 

Is Bybit cheaper than Binance?

Though Bybit and Binance charge similar standard spot and futures trading fees and also the same discount percentage, comparing other trading fees side-by-side shows that Bybit is slightly cheaper. 

Bybit is slightly cheaper for options traders and mid-tier VIP futures traders, while Binance offers slightly lower taker fees for standard futures accounts.

For instance, while Binance applies a 0.03% flat rate on all options trades, Bybit charges a 0.02% maker fee and a 0.03% taker fee. Here, the maker fee is lower by 33%. Also, VIP traders on Bybit can enjoy a fee discount on options trades, which is not available on Binance.

However, Binance users in the United States pays 0% maker fees and 0.01% taker fees on spot trades, which is extremely low.

For derivative trading, which is not available on Binance.us, you can use the Binance-backed DEX, AsterDEX, to complete trades at a lower rate. 
 

Start trading on AsterDex for an extra 2% discount on trading fees.

 

Which exchange is cheaper for beginners?

For beginners, Bybit is a good option because of its ongoing deposit bonus. Participating in this means you can earn a considerable amount of USDT to cover your full trading fee temporarily. 

 

Which exchange is better for high-volume traders?

Compared to Binance, Bybit offers higher fee discounts and requires lower trading volume. With $50 million futures trading volume, you can enjoy over 36% discount at VIP Level 3 on Bybit. With the same trading volume, you get VIP 2 and a lower fee discount on Binance. 

Binance also requires extremely high trading volume up to $25 billion, which may be difficult to achieve without spending a lot on trading fees. 

Final Thought

Trading is vital in cryptocurrency transactions because it is how exchanges generate revenue. It is also a competitive advantage for most platforms, as traders will ordinarily prefer a cheaper, more efficient platform. However, it is essential to balance the need for low trading fees with the platform's functionalities, available trading models, and security to keep your assets safe. 

 

Frequently Asked Questions
 

Can I use Bybit or Binance in the US?

Neither Binance nor Bybit is available in the US. You can only access Binance.us for limited trading options. However, you can use Apex Omni, a Bybit-backed DEX or AsterDEX backed by an ex-Binance team, to execute advanced trading at a cheaper rate. 

To know which one is cheaper, faster, or better, check out our Apex Omni vs AsterDEX article.
 

Is there a centralized exchange cheaper than Bybit or Binance?

Yes, some other centralized exchanges offer lower trading fees than Bybit and Binance. For instance, MEXC is a popular centralized exchange that offers zero trading fees on all spot trades (maker or taker).
 

Is the Bybit or Binance trading fee suitable for me?

To know which one is cheaper or more suitable for you depends on your trading level and preferred trading models. For instance, the Bybit MNT bonus does not apply to bot trading, which means that if you are a frequent grid trader, this option is not for you.