Which platform has lower fees, Bybit or Binance?
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it kinda depends on what youβre trading and how much. But generally, Bybit and Binance are pretty close when it comes to fees. Bybit usually has low trading fees around 0.1% for spot and futures, and they even offer some fee discounts if you hold their native token or hit higher volumes.
Binance also has a 0.1% base fee for spot trading, but they give extra discounts if you pay fees with BNB (their coin), so that can make it even cheaper.
If youβre trading futures, Bybitβs fees are competitive and sometimes a bit lower, especially with their maker-taker fee model. Binance also has similar fees but can get a bit more complicated with tiers and VIP levels.
So, if you want simpler, solid low fees, Bybit is great. Binance can be cheaper if you use their coin for fees and trade a lot.