Bybit Cryptocurrency Trading Fee Structure: Tiered Discounts Based on VIP Levels

Bybit’s trading fees vary significantly depending on the user’s VIP level. Among cryptocurrency exchanges, it features a tiered discount system that reduces fees based on trading volume and asset holdings. This article provides a simple explanation of Bybit’s seemingly complex fee structure.

VIP Levels Gradually Lower Cryptocurrency Trading Fees

Bybit has seven VIP levels, with fees decreasing progressively from VIP 0 to the highest VIP. For example, in spot trading, the standard taker fee at VIP 0 is 0.1000%, but at the highest VIP level, it is reduced to 0.0450%.

This fee discount applies not only to spot trading but also to perpetual contracts, futures, and options trading across multiple product categories. Additionally, maker orders incur even lower fees than taker orders, providing an incentive for traders who contribute market liquidity.

VIP levels are updated daily at 7:00 AM UTC. Since your VIP status may differ between yesterday and today, it is important to regularly check your current status.

Conditions for VIP Upgrades and Fee Discounts

VIP levels are determined based on either the total asset balance or trading volume over the past 30 days, whichever is higher. In other words, the more favorable of the two conditions is automatically applied.

To advance to VIP 1, you need an asset balance of at least $100,000 or a spot trading volume of at least $1,000,000. To reach higher VIP levels like VIP 3, you must have an asset balance of over $500,000 or a trading volume exceeding $10,000,000. To attain the highest VIP level, you need to achieve a trading volume of $100,000,000 over 30 days in derivatives trading or spot trading.

An important point is that trading volumes from main accounts and sub-accounts are combined. Even if you trade across multiple accounts, your total trading volume determines your VIP level, allowing for strategic planning of trading activities.

VIP Rank Based on Asset Balance and Trading Volume

Asset holdings include assets staked in liquidity mining products. Therefore, simply holding cash is not enough; assets allocated to yield products are also reflected in the VIP level calculation.

Trading volume calculations include spot margin trading, launch pools, and crypto loans. However, trades executed with zero fees are not included in the total trading volume. Also, forex and CFD trading volumes are counted as ten times the volume of crypto perpetual trading, so caution is needed when calculating across different product categories.

Understanding VIP Upgrades Through Examples

Let’s clarify with an example. Suppose a trader holds $1.5 million in assets. This alone does not meet VIP 3 requirements. However, if during the same 30 days, their spot trading volume reaches $10 million, they will be upgraded to VIP 3. From that day onward, all associated discounts are automatically applied, allowing the trader to continue trading at lower fees.

Fee structures for fiat currency pairs differ from those for crypto pairs. For example, trading the USDT/EUR pair involves higher fees. At VIP 3, the taker fee for fiat pairs is 0.0750%, and the maker fee is 0.0625%.

In Bybit’s system, sub-accounts automatically adopt the main account’s fee structure, simplifying fee management when operating multiple accounts. The fee rate applied to an order is determined by the VIP level at the time of order placement, so it’s important to stay aware of real-time discount statuses.