Traders can be classified as market takers or market makers. For every executed order, trading fees are incurred.

 

• Market takers are traders who seek liquidity and take liquidity off the book immediately. They are charged a taker fee.

• Market makers, who provide liquidity and increase the market depth of the order book, are charged a maker fee.

• Traders can view their incurred trading fees from their trading history.

 

 

The table below shows the trading fee you’ll be charged when you trade Spot markets on Bybit Europe, and is applicable to Non-VIP users. For more information on the VIP rate, please refer to the Trading Fee Structure.

 

 

 

 

 

 

Formula for Spot Trading

Trading Fee = Filled Order Quantity x Trading Fee Rate

 

Notes:

— The trading fee unit charged is based on the purchased cryptocurrency.

— There is no trading fee for unfilled parts of orders and cancelled orders.

 

 

 

Example

Let’s suppose:

• Spot Trading Fee for Market Taker: 0.15%

• Spot Trading Fee for Market Maker: 0.1%

• Last Traded Price for BTC/USDC: $40,000

 

 

For Market Takers

Trader A buys 0.5 BTC with USDC using a Market Order. He will be a Market Taker as the market order will be executed immediately and take liquidity from the order book. The taker fee rate will be applied to this order:

 

Taker's Fee for Trader A = 0.5 x 0.15% = 0.00075 BTC

 

As he is buying BTC, the trading fee will be incurred in BTC and deducted from the BTC amount he will receive in his account. Once the order is executed, he will receive 0.49925 BTC (0.5 - 0.00075) in his account.

 

 

For Market Makers

Trader B buys 20,000 USDC with BTC using a Limit Order and sets the Order Price at $41,000. Once the order is submitted, it will be placed in the order book, waiting for execution. As soon as the Last Traded Price increases to $41,000, the order will be executed. As the order was placed in the order book first, Trader B will be a Market Taker and the maker fee rate will be applied to this order:

 

Maker's Fee for Trader B = 20,000 × 0.1% = 20 USDC

 

As he is buying USDC, the trading fee will be incurred in USDC and deducted from the USDC amount he will receive in his account. Once the order is executed, he will receive 19,980 USDC (20,000 - 20) in his account.

 

 

 

 

 

Disclaimer:

The trading fees used in the examples are given for illustrative purposes only. To view the trading fee rates applicable to your account, please visit your My Fee Rates page.