Binance vs Bybit Fees 2026: Which Is Actually Cheaper?
A tier-by-tier comparison of Binance vs Bybit trading fees in 2026. Spot, futures, withdrawals, and token discounts compared with real dollar examples so you know which exchange costs less at your volume.
Binance and Bybit both charge 0.10% maker and 0.10% taker for spot at the base tier, so they tie on the headline number. The gap opens up on discounts: Binance pairs BNB (‑25%) with a referral to reach ~0.06% effective, while Bybit’s referral discount lands at 0.08%. On futures Binance is 0.005% cheaper per taker trade. For most retail traders the difference is a few dollars a month.
Binance is the largest exchange by volume; Bybit is the derivatives specialist that grew into a full spot venue. Their fee schedules look almost identical on paper, which is why the real answer depends on what you trade, whether you hold BNB, and how much volume you push per month. We pulled both current schedules as of July 2026 and ran the numbers below.
The Short Answer
| Trader type | Cheaper exchange | Why |
|---|---|---|
| US resident | Neither (use Coinbase) | Both block US users |
| Spot, holds BNB | Binance | 25% BNB cut + referral |
| Spot, no fee token | Tie | Same 0.10% base, similar referral |
| Futures, base tier | Binance | 0.050% vs 0.055% taker |
| Futures, VIP 3+ | Bybit | Steeper mid-tier cuts |
| Altcoin depth | Binance | 350+ vs ~400 assets, deeper books |
No single winner. If you already hold BNB, Binance is cheaper almost everywhere. If you trade mid-size futures volume and don’t want to hold a fee token, Bybit closes the gap.
Spot Trading Fees Compared
Both exchanges use a maker/taker model with VIP tiers based on 30-day volume or asset balance. The base rates are identical. If you’re new to how this works, read our maker vs taker guide first.
Base Rate (No VIP, No Discounts)
| Fee Type | Binance | Bybit |
|---|---|---|
| Maker | 0.100% | 0.100% |
| Taker | 0.100% | 0.100% |
Dead even. A $10,000 spot market order costs $10 on either platform before any discount. That’s already far below Kraken ($40 at 0.400%) and Coinbase ($120 at 1.200%).
Spot VIP Tiers
| Volume (30d) | Binance Maker | Binance Taker | Bybit Maker | Bybit Taker |
|---|---|---|---|---|
| Base | 0.100% | 0.100% | 0.100% | 0.100% |
| ~$1M | 0.090% | 0.100% | 0.060% | 0.080% |
| ~$5M | 0.080% | 0.100% | 0.040% | 0.060% |
| ~$10M | 0.070% | 0.090% | 0.025% | 0.050% |
| ~$25M | 0.042% | 0.060% | 0.020% | 0.040% |
| ~$100M | 0.024% | 0.048% | 0.005% | 0.025% |
Read the raw tier table and Bybit looks cheaper at every level above base. But this ignores BNB. Binance’s tiers are steeper on paper because the discount lives in the token, not the schedule.
The BNB Factor
Paying Binance fees with BNB cuts 25% off both legs. Stack a 20% referral discount and the base rate drops to roughly 0.06% effective. Bybit has no comparable fee token — its Mantle (MNT) token doesn’t offer broad spot discounts — so the only lever is the 20% referral, which brings base fees to 0.080%.
| Base spot, all discounts on | Effective Maker | Effective Taker |
|---|---|---|
| Binance (BNB + referral) | ~0.060% | ~0.060% |
| Bybit (referral only) | 0.080% | 0.080% |
At the base tier a fully-optimized Binance account beats a fully-optimized Bybit account by about 0.02% per trade. On $10,000 that’s $2. Small, but it compounds if you trade often.
Futures Trading Fees Compared
Futures is where both exchanges make most of their money, and where the leverage magnifies every basis point.
USDT-M Perpetual Tiers
| Volume (30d) | Binance Maker | Binance Taker | Bybit Maker | Bybit Taker |
|---|---|---|---|---|
| Base | 0.020% | 0.050% | 0.020% | 0.055% |
| ~$10M | 0.016% | 0.040% | 0.018% | 0.048% |
| ~$50M | 0.012% | 0.032% | 0.014% | 0.038% |
| ~$100M | 0.012% | 0.032% | 0.010% | 0.032% |
| ~$250M | 0.004% | 0.025% | 0.004% | 0.024% |
| ~$500M | 0.000% | 0.017% | 0.000% | 0.018% |
At the base tier Binance is 0.005% cheaper on the taker side — a $5 gap per $100,000 traded. Above $100M monthly, Bybit pulls even or slightly ahead on maker fees. For anyone below $10M in monthly futures volume (most traders), Binance is the marginally cheaper choice on market orders.
Funding Rates Matter More Than Fees
On perpetuals the funding rate paid every 8 hours usually dwarfs the trading fee. Both exchanges settle funding on the same schedule, and rates track the same underlying premium, so neither has a structural edge here. During a strong trend, funding can hit 0.1% per period — that’s 2x a base taker fee, paid three times a day. Check the funding rate before you open, not the fee table. Our funding rate strategy guide covers this in depth.
Withdrawal Fees
Both charge flat, per-asset withdrawal fees. A sample:
| Asset | Network | Binance | Bybit |
|---|---|---|---|
| USDT | TRC-20 | 1.0 USDT | 1.0 USDT |
| USDT | ERC-20 | 3.5 USDT | 3.0 USDT |
| USDT | Arbitrum | 0.50 USDT | 0.50 USDT |
| BTC | Bitcoin | 0.0001 BTC | 0.0001 BTC |
| ETH | Ethereum | 0.00028 ETH | 0.0006 ETH |
| SOL | Solana | 0.01 SOL | 0.01 SOL |
BTC and stablecoin transfers cost the same on both. Binance is cheaper on ETH (0.00028 vs 0.0006), Bybit is slightly cheaper on ERC-20 USDT. Use TRC-20 or Arbitrum for stablecoin moves either way, and skip ERC-20 unless the receiving side requires it.
KYC and Account Access
Both block US residents. Both allow limited no-KYC use: Bybit permits basic trading and withdrawals up to 2 BTC daily without verification, and Binance has tightened its unverified limits over the past two years. If minimal-KYC access is your priority, Bybit is the more permissive of the two right now. For US traders, neither is an option — see Coinbase or our no-KYC trading guide.
Which Should You Pick?
Choose Binance if you hold or are willing to hold BNB, you want the deepest liquidity on major pairs, or you trade a wide range of altcoins. The BNB discount is the single biggest fee lever either platform offers, and Binance’s order books are the deepest in the market, so your spread cost stays low.
Choose Bybit if you trade futures as your main activity, you want a strong unified margin account, or you’d rather not tie up capital in a fee token. Bybit’s derivatives engine and Unified Trading Account are best-in-class, and its mid-tier futures cuts are competitive.
For most retail traders the honest verdict is that the fee difference is too small to be the deciding factor. Pick on liquidity, product fit, and which referral discount you can actually activate.
Binance Exclusive Offer
20% Fee Discount (Spot + Futures)
Clicking will copy the code and open Binance in a new tab.
Bybit Exclusive Offer
20% Fee Discount (Spot + Futures)
Clicking will copy the code and open Bybit in a new tab.
FAQ
Is Binance or Bybit cheaper for spot trading?
At the base tier they’re identical (0.100% maker and taker). Binance pulls ahead once you pay fees with BNB, which cuts 25% and, stacked with a referral, brings the effective rate to about 0.06%. Bybit’s best base rate with a referral is 0.08%. If you don’t hold BNB, they’re roughly tied.
Is Binance or Bybit cheaper for futures?
At base tier Binance is 0.005% cheaper on taker fees (0.050% vs 0.055%). The gap closes above $50M monthly volume, where Bybit’s tiers match or beat Binance. For most traders under $10M monthly, Binance is marginally cheaper on market orders.
Does Bybit have a fee token like BNB?
No. Bybit has the Mantle (MNT) token, but it does not offer broad spot fee discounts the way BNB does on Binance. The main way to lower Bybit fees is the 20% referral discount plus reaching higher VIP tiers.
Can US residents use Binance or Bybit?
No. Neither Binance (global) nor Bybit accepts US customers. US residents should use Coinbase or Kraken for regulated access. Binance.US is a separate entity with its own fee schedule — see our Binance.US zero-fee guide.
Which has lower withdrawal fees?
They match on BTC and stablecoin transfers. Binance is cheaper on ETH withdrawals (0.00028 vs 0.0006 ETH). Bybit is marginally cheaper on ERC-20 USDT. Use TRC-20 or Arbitrum for stablecoins on either platform to minimize cost.
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Why trust this author?
David traded FX derivatives at a bulge bracket investment bank for 10 years before discovering crypto futures in 2019. He specializes in perpetual swaps, funding rates, and leverage strategies. His futures exchange reviews are the most comprehensive in the industry.