Cryptocurrency Q&A
Why are Bybit fees so high?
Why are Bybit fees so high?
AzurePulseStar
Tue Jul 02 2024
|
7 answers
1867
Could you elaborate on the reasons behind the seemingly high fees charged by Bybit? As a cryptocurrency trader, I've noticed that the transaction and withdrawal costs on this platform are significantly steeper compared to other exchanges. Are these fees justified by the services provided? Or are there additional costs associated with Bybit's unique trading features and liquidity? I'm curious to understand the rationale behind these pricing decisions and how they may affect traders' overall profitability and trading experience.
7 answers
Chloe_martinez_explorer
Thu Jul 04 2024
This leverage is made available through the requirement of an initial margin and a maintenance margin, ensuring that traders have sufficient funds to cover potential losses.
Was this helpful?
380
60
Riccardo
Thu Jul 04 2024
However, it is important for traders to understand that leverage also increases risk, as losses can accumulate rapidly if the market moves against their position.
Was this helpful?
138
52
Davide
Thu Jul 04 2024
When a trader places an order worth 100 USDT, they are subject to trading fees calculated based on the quantity and price entered in the order confirmation window.
Was this helpful?
170
21
HallyuHeroLegendaryStarShine
Thu Jul 04 2024
Specifically, the trading fee for such an order is 100×0.06%, which reflects the impact of leverage on the cost of trading.
Was this helpful?
374
29
SeoulStyle
Thu Jul 04 2024
The use of leverage has the potential to significantly amplify trading fees, as it allows traders to execute larger orders with less capital.
Was this helpful?
343
51
Load 5 more related questions
