What are Bybit maker and taker fees? An easy-to-understand explanation.

Understanding Bybit's Fee Structure

Bybit operates with a clear distinction between maker and taker fees, which are essential components of its trading cost model. These fees apply to every trade executed on the platform and vary depending on whether a user is adding liquidity to the market or removing it. Traders need to understand this system to optimize their transaction costs and improve overall profitability.

Makers: Adding Liquidity to the Market

1. Makers are traders who place limit orders that do not immediately execute, thereby contributing to market depth.

2. Because these orders wait to be filled, they enhance order book stability and provide liquidity.
3. Bybit rewards this behavior by charging lower fees—or sometimes offering rebates—to makers.
4. The standard maker fee on Bybit is typically set at 0.01%, though VIP tiers can reduce this further or turn it negative, meaning users earn a small rebate per qualifying trade.
5. Using maker orders strategically can result in reduced trading expenses over time, especially for high-frequency or algorithmic traders.

Takers: Removing Liquidity from the Market

1. Takers refer to users whose orders match against existing ones in the order book, such as market orders or aggressive limit orders.

2. Since these trades instantly remove available liquidity, they are considered less beneficial to market efficiency.
3. As a result, taker fees are generally higher than maker fees.
4. Bybit’s default taker fee is usually around 0.06%, but this rate decreases progressively for users in higher VIP categories based on trading volume and/or holdings of the platform’s native token, BYB.
5. Frequent takers should consider upgrading their VIP level to access discounted rates and avoid unnecessary cost accumulation.

How Trading Volume Affects Fees

1. Bybit uses a tiered VIP system where users move into lower-fee brackets as their 30-day trading volume increases.

2. This system applies separately to spot and derivatives markets, so activity in one area doesn’t influence fees in another.
3. Holding and using $BYB—the exchange’s utility token—can also lead to additional fee reductions when paying fees in that currency.
4. Some advanced trading features, like conditional orders and isolated margin adjustments, do not incur extra charges beyond standard maker/taker fees.
5. Consistently tracking your volume and selecting appropriate fee payment methods can significantly impact net returns.

Frequently Asked Questions

What determines if my order is classified as a maker or taker?An order becomes a maker if it adds liquidity by resting in the order book without immediate execution. It’s classified as a taker if it matches directly with an existing order, removing liquidity from the market.

Can I change my fee tier on Bybit?Yes, Bybit automatically updates your fee tier based on your trailing 30-day trading volume. Increasing your trade size or frequency will help you reach higher VIP levels with better rates.

Does Bybit charge withdrawal or deposit fees?Bybit does not charge fees for cryptocurrency deposits. Withdrawal fees exist and vary by blockchain network and asset type, but these are separate from trading fees and are used to cover network transaction costs.

Is there a way to pay lower fees using Bybit’s native token?Holding and choosing to pay fees in $BYB can unlock discounts. Users must enable this option in settings, and the savings depend on the amount of $BYB staked and current VIP status.