The Bybit platform is withdrawing trading fees on cryptocurrency pairs from the spot market for an indefinite period. The move comes in celebration of the exchange’s 10 million users.
Bybit withdraws trading fees on the spot market
In a rather difficult market environment, the competition between the largest cryptocurrency exchanges continues to rage. After Binance, it is now Bybit’s turn to completely remove trading fees from its platform, for spot market trading pairs only.
Although this does not concern derivatives (futures), this operation is relatively well received by traders. Indeed, this total absence of fees applies regardless of the amount traded.
Thus, all orders on Bybit’s spot markets, whether they are maker, taker or even grid bot trading orders are exempt from fees.
If you haven’t registered with Bybit yet, the fee waiver is a perfect opportunity to test the platform.
In addition to the spot market, the Bybit platform offers many other options suitable for all trader profiles, including cryptocurrency derivatives, which you can find out more about by reading our Bybit review.
Bybit’s VIP status more accessible
In parallel, Bybit is now offering Tier 1 VIP status to all users who will deposit USDT 50,000 or more on the platform. Although this amount is quite substantial, those who wish to take advantage of it will be able to enjoy many benefits:
- exclusive gifts when you join the VIP program;
- Reduced fees for trading derivatives (futures);
- early access to new product launches
- exclusive invitations to special events;
- priority access to Bybit’s live customer support chat.
As with the removal of trading fees, this change is active indefinitely.