Choosing the right trading platform requires careful analysis of fees, which can significantly impact profitability. Fybit’s transparent fee structure is particularly appealing to both beginner and experienced traders looking for predictable, low-cost trades. Here’s a closer look at how Fybit compares to other popular exchanges such as BingX, Bitget, Upbit, Bybit, MEXC, and BitMEX in terms of fees.
Fybit stands out for its minimal fee structure, featuring:
Fybit’s trading fee formula allows for clear calculation of total fees, especially in leveraged trades: Fee = Order Amount * Trading Fee% * Leverage * 2
This structure makes Fybit especially competitive for spot trades and leveraged trades alike, with predictable and low-cost transactions that are attractive to high-frequency traders.
1. BingX: BingX offers a 0.1% fee for both maker and taker orders on spot trades, which is higher than Fybit’s 0.06% trading fee. For futures trading, BingX’s taker fee is 0.05% and maker fee is 0.02%, making it more economical for futures traders but pricier for spot trades.
2. Bitget: With a standard spot trading fee of 0.08%, Bitget is slightly higher than Fybit. Its withdrawal fees also vary by cryptocurrency, but Bitget charges no deposit fees, similar to Fybit.
3. Upbit: Known for its high 0.25% fee on spot trades, Upbit’s fees exceed Fybit’s significantly. Upbit’s emphasis on fiat-to-crypto services may appeal to some, but its higher trading fees make Fybit a more economical choice for spot traders.
4. Bybit: Bybit charges 0.1% for taker orders and provides a -0.025% rebate on maker orders in futures. While appealing to futures traders, Fybit’s 0.06% fee is attractive to spot traders who prefer fixed fees over variable rebates.
5. MEXC: At 0.2% for spot trades, MEXC’s fees are noticeably higher than Fybit’s 0.06%. While MEXC offers various promotions and discounts, Fybit’s consistent, low-cost approach provides an advantage to frequent traders.
6. BitMEX: BitMEX, focused on futures, charges 0.075% for taker orders and a -0.025% rebate for makers. While advantageous for futures, Fybit’s low spot fee benefits traders seeking simple, predictable fees without needing rebates.
Fybit’s formula for trading fees keeps leveraged trading costs transparent. Below is the fee percentage breakdown based on different leverage levels: