Bybit EU fees: Everything you need to know before trading crypto

Bybit EU maintains a transparent fee framework to help you better understand the overall costs involved in trading, borrowing, depositing and withdrawing funds in crypto or fiat currencies. The fees may vary based on several factors, including the transaction type, the specific product used, your VIP level, the coins involved, the withdrawal chain and the deposit payment method. For VIP users, there are also differences in applicable fees based on your trading role, i.e., market maker or taker. 

To balance profitability and track your actual transaction charges, it’s critical that you fully understand the exact fees applicable to each scenario. In this article, we’ll detail all the key fees you might incur on Bybit EU in order to provide you with a definitive guide on your precise transaction costs. 

Key Takeaways:

• The main types of fees charged by Bybit EU include crypto deposit and transfer, crypto withdrawal, fiat transaction, trading and Spot Margin Trading–related fees.

• The standard Spot trading maker and taker fees on Bybit EU for non-VIP users are 0.1%, with VIP users paying even lower rates, depending upon their VIP grade. 

What types of fees are charged on Bybit EU?

Bybit EU provides its users in the European Economic Area (EEA) with a versatile crypto trading platform. You can utilize Spot and Spot Margin trades, deposit funds and withdraw them via several alternative methods. Some of these transactions may involve fees. In general, the key fee categories you might encounter when using your Bybit EU account are as follows:

• Deposit and transfer fees. These might apply when you deposit crypto into your account or make internal fund transfers.

• Withdrawal fees. These fees are charged when you move your funds off the platform to external accounts. They may vary, depending upon the withdrawal method and the specific destination chains.

• Fiat currency deposit and withdrawal fees.

• Trading fees. These include transaction fees for Spot and Spot Margin trades, but they exclude margin-related fees.

• Margin-related fees. Specifically applicable to Spot Margin transactions, these fees are charged for borrowing on margin, and if your trading position is subject to liquidation.

Naturally, not all users will incur all of these fee types. For instance, if you never plan to carry out Spot Margin trades, you don’t have to pay attention specifically to the margin-related fee category.

Deposit fees on Bybit EU

Before you can start trading, you’ll need to deposit some funds into your account. The platform provides four main ways to top up your Bybit EU account: On-Chain Deposits, Internal Transfers, crypto purchases and Fiat Deposits.

On-Chain Deposit & Internal Transfer

Using an On-Chain Deposit, you can transfer crypto funds to your Bybit account from numerous decentralized networks. Dozens of coins are supported, including popular assets like Bitcoin (BTC), Ethereum (ETH), USDC (USDC) and Solana (SOL). Regardless of your VIP status on the platform, all On-Chain Deposits are free of charge.

Internal Transfers, which involve sending funds to any Bybit account with verified identity, are also free. 

Crypto purchase fees

You can purchase crypto to fund your account via the One-Click Buy function, which offers a range of payment methods, including bank cards, Apple Pay, Google Pay, PayPal and the ZEN.COM digital payments provider. Around 30 European fiat currencies, including the euro and the Swiss franc, are supported, but availability may vary based on the payment method chosen. 

Bank card purchases attract a transaction fee of around 3%. Google Pay and Apple Pay purchases have a fee of approximately 2%, with slight variability depending upon the national currency used for the purchase. Meanwhile, purchases via ZEN.COM feature the lowest transaction fee, at just 0.92%.

Fiat Deposit fees

You can also top up your account with a Fiat Deposit in euros using the Single Euro Payments Area (SEPA) network. These Fiat Deposits feature zero fees.

Withdrawal fees on Bybit EU

Crypto Withdrawal fees

You can withdraw funds from your Bybit EU account to an external blockchain network. Fees for these withdrawals vary based on the coin and network used. The variation is due to the activity and network congestion levels on the underlying chain. Some networks may charge no fees, while others may charge fees ranging from a few euro cents to several euros. In most cases, these on-chain withdrawal fees are fixed, i.e., they don’t vary based on the amount withdrawn. 

Fiat withdrawal fees

Bybit EU supports fiat withdrawals in Euro via the SEPA network and ZEN.COM. SEPA withdrawals have a fee of 0.08%, plus a fixed fee of 5.5 EUR, and take one to three days to complete, while the fixed fee for ZEN.COM withdrawals, which are nearly instant, is 1.6 EUR per withdrawal. 

Trading fees on Bybit EU

Maker vs. taker fees explained

Within Bybit EU’s Spot and Spot Margin Trading, makers are users who add liquidity to the order book — e.g., by placing limit orders that await execution. Meanwhile, takers are traders who remove liquidity, for example by placing market orders that execute immediately. Any order (or part of an order) that adds liquidity attracts a maker fee, while an order (or part of an order) that removes liquidity is subject to a taker fee. 

These fees are the only Spot trading fees charged by Bybit EU. 

Spot trading fees (non-VIP users)

Crypto trading maker and taker fees are the same for non-VIP users — 0.1% of the fulfilled order amount. These fees are charged in the cryptocurrency being bought, and are charged only when the order is filled, not when it’s placed. If the order is filled only partially, you’ll only be charged the corresponding fee (maker or taker) for the amount that’s actually fulfilled. 

For example, let’s say you place a market order to buy 1,000 ETH with your existing USDC funds, and there’s enough liquidity to complete only 600 ETH of the order. When the order is executed, you’ll pay a taker fee of 0.1% on the amount of 600 ETH that’s actually fulfilled — in this case 0.6 ETH.

The fees above are for crypto Spot transactions. For fiat-to-crypto orders, maker and taker fees for non-VIP users depend upon their 30-day Spot trading volume, as shown in the table below.

VIP levels and trading fee discounts

How VIP levels work

Users meeting certain minimum balance or trading activity criteria achieve progressively higher VIP grades. The higher your VIP level, the better fee discounts you benefit from. Your VIP level is determined by meeting any one of the following three criteria in the table below:

VIP level calculations are updated daily at 7AM UTC. Your Subaccounts enjoy the same fee rates as your Main Account.

VIP crypto trading fee rates 

VIP maker and taker fee rates apply to crypto trading pairs, ranging from 0.03% to 0.1%:

These rates may vary based on your region. Therefore, it’s recommended that you check the My Fee Rates page (after completing your Identity Verification) for the precise fees applicable to your account. 

Additionally, Bybit EU offers high-performing institutional users who contribute significant liquidity the opportunity to benefit from substantial maker fee rebates via the Market Maker Incentive Program.

VIP fiat trading fee rates

For fiat-to-crypto transactions, VIP users’ maker and taker fees will depend upon their current VIP level or their past 30-day Spot trading volume, whichever results in a lower fee rate. The table below details the applicable fiat-crypto rates.

Margin trading fees on Bybit EU

Spot MarginTrading fees

If you place Spot Margin trades, there are three fees to be aware of: 

1. Trading fee — Standard Spot trading fees (maker or taker) are charged on your total position size — i.e., your margin plus the borrowed amount. [We’ve already covered the rates of maker and taker fees for non-VIP and VIP users in the sections above.] 

2. Borrowing fee — This is the fee you’ll pay on the amount the platform lends you against your margin. For example, if you use 100 USDC of your own funds, and borrow an additional 900 USDC to place an order for a total of 1,000 USDC, you’ll pay the fee on the 900 USDC amount that you’ve borrowed.

3. Liquidation fee — This is charged if your margin drops too low and your position is liquidated. 

These fees are charged separately, and are cumulative.

Borrowing fees

Borrowing fees are applied on an hourly basis while you hold borrowed funds, regardless of the order execution status. For instance, if you borrow some funds and place a Spot Margin limit order immediately, but the order takes three hours to fulfill, you’ll pay borrowing fees for those three hours. The exact borrowing fee rates fluctuate, depending upon the coin, market developments, available liquidity, your VIP grade and other factors. 

The general formula for the borrowing fee calculation is as follows:

Borrowing fee = amount borrowed × daily borrowing fee rate/24 × hours borrowed

Liquidation fees

If your margin drops below a specified minimum maintenance Rate (MMR) level, your position will be liquidated. The liquidation threshold for a position isn’t a fixed percentage; it depends upon the position's overall risk level, and is typically around 2–4% of the position's size.

If your position is liquidated, a liquidation fee of 2% is deducted as part of the total liquidated value. The fee is calculated based on the net liquidated amount, and is allocated to the platform’s margin insurance fund.

Liquidation fees are charged as follows:

Liquidated assets = liquidated quantity/(1 + liquidation fee rate)

Liquidation fee = liquidated assets × liquidation fee rate

Let’s say your remaining position of 900 USDC is liquidated. Based on the formulas above, the following liquidation fee is collected from the total amount and sent to the insurance fund:

Liquidated assets = 900 USDC/(1 + 0.02) = 882.35 USDC

Liquidation fee = 882.35 USDC × 0.02 = 17.65 USDC

How to reduce fees when trading on Bybit EU

To reduce your trading fees on Bybit EU:

• Aim for maker rather than taker orders (when possible) if you’re a VIP user

• Increase your trading volume or asset balance to unlock higher VIP grades 

• Monitor your borrowing duration in Spot Margin trades carefully

• Regularly review the fee rates on the My Fee Rates page

What to keep in mind about Bybit EU fees

Before placing your trades on Bybit EU, note that fees can vary over time, depending upon market conditions and product updates. The most accurate fee rates are always available on the My Fee Rates page after completing your Identity Verification. Also, note that examples used in this article are for general guidance only, and may not reflect the exact fee rates at the time you place your trades.

Conclusion

Understanding the fees charged by Bybit EU for trading, depositing, withdrawing and borrowing is crucial for optimizing your profitability and efficiency on the Bybit platform. 

Before placing any order, be sure to check all of the applicable fees, preferably via the My Fee Rates page. For any user with verified identity, the My Fee Rates page serves as the most precise and definitive guide to current Bybit EU fees.

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