For most beginners comparing day-one Spot and Futures fees, Binance is the better pick. The base Spot rates start level with Bybit VIP 0, the Futures taker base is already lower on Binance, Spot books are deeper on the pairs new traders actually use, and a flat 20% fee cut is available from account creation without waiting for VIP volume.
That answer is based on published Regular User / VIP 0 schedules as of early November 2026. Rates move, so check each exchange fee page before you size a live order. This is educational only, not financial advice.
đ Sign up on Binance with 20LESSFEES
Eligible new users can also chase the welcome bonus of up to $19,800 through the same task list that ships with every sign-up code. The fee cut and the bonus stack as separate offers: one trims trading fees from day one, the other pays out when you finish the listed tasks.
Why do Binance and Bybit fee tables look the same at first glance?
Open both Spot schedules and the top VIP 0 / Regular User rows both show 0.100% maker and 0.100% taker. That is where a lot of beginners stop reading. The interesting gap shows up once you add fee-payment discounts, Futures taker bases, VIP thresholds, and the liquidity you actually hit when you click market buy.
Bybit VIP 0 Spot is 0.1000% / 0.1000%. Binance Regular User Spot is 0.100% / 0.100%. Same headline. Pay Spot fees in BNB on Binance and the row drops to 0.075%. Pay Spot fees in MNT on Bybit and VIP 0 also drops to 0.0750%. Still level, until you factor in how easy it is to hold the fee token and whether a day-one sign-up code is cutting Binance further.
Futures is less even. Binance USDâ-M Regular User lists 0.0200% maker and 0.0500% taker. Bybit Perpetual and Futures VIP 0 lists 0.0200% maker and 0.0550% taker. The maker lines match. The taker line already favours Binance by 0.0050 percentage points before any code.
The Binance Spot and Margin fee schedule. Regular User row shows 0.100% maker and taker, or 0.075% when fees are paid in BNB.
How do Spot fees compare on a $1,000 buy?
Work a single market buy of 1,000 USDT of a major pair. Ignore spread for a moment and look only at the listed taker fee. Both exchanges charge 0.100% at the base beginner tier, so the fee is $1.00 either way.
Binance Regular User Spot: 0.100% Ă $1,000 = $1.00.
Bybit VIP 0 Spot: 0.1000% Ă $1,000 = $1.00.
Binance with 20LESSFEES: Spot falls to 0.080%, so the same buy costs $0.80.
Binance paying the fee in BNB: 0.075% Ă $1,000 = $0.75.
Bybit paying the fee in MNT (VIP 0): 0.0750% Ă $1,000 = $0.75.
On a one-lot example the dollar gap is small. On a month of $50,000 Spot volume the base fee is $50 either way; with the 20% day-one cut Binance lands at $40; with BNB or MNT fee payment both sit near $37.50. The code advantage matters because it does not require you to hold a fee token or qualify for VIP 1, and it applies from the first filled order.
Liquidity is the second Spot axis. BTC/USDT and ETH/USDT books on Binance usually absorb a beginner-sized market order with less slippage than thinner venues. Fee math that looks identical at 0.100% stops looking identical once the fill price walks the book.
USDâ-M Futures fee rates. Regular User pays 0.0200% maker and 0.0500% taker on USDT contracts before any sign-up fee cut.
How do Futures fees compare on a 10x round trip?
Futures fees are charged on notional value, not on the margin you put up. That is the detail beginners miss most often. Put up $1,000 margin at 10x and the position is $10,000 notional. Open and close with taker orders and you pay the taker rate twice on that $10,000.
Binance USDâ-M Regular User taker: 0.0500% Ă $10,000 Ă 2 = $10.00.
Bybit Perpetual / Futures VIP 0 taker: 0.0550% Ă $10,000 Ă 2 = $11.00.
Binance with the 20% day-one cut: Futures taker becomes 0.0400%, so the same round trip costs $8.00.
Binance maker round trip at base: 0.0200% Ă $10,000 Ă 2 = $4.00 if both legs rest on the book.
Bybit maker round trip at VIP 0: 0.0200% Ă $10,000 Ă 2 = $4.00 on the same maker path.
With optional fee-token discounts the Futures lines move again. Binance with BNB lists 0.0180% maker / 0.0450% taker. Bybit with MNT at VIP 0 lists 0.0180% maker / 0.0495% taker. Maker matches; taker still sits a touch higher on Bybit. Add the day-one 20% cut on Binance Futures and the taker path for a new account is hard for VIP 0 Bybit to beat without climbing the VIP ladder.
What do beginners usually miss when they pick an exchange on fees alone?
Four traps show up again and again in new-account fee math.
VIP thresholds: Bybit VIP 1 asks for roughly $100,000 in assets or a large 30-day trading volume. That is out of reach for most people opening their first crypto account. Comparing a VIP 1 row to a Binance Regular User row is not a beginner comparison.
Fee tokens are not free: BNB on Binance and MNT on Bybit both cut Spot by 25% at the base tier when you pay fees in that token. You still need to buy and hold the token, and its price can move against the fee you just saved.
Maker vs taker: A market order is almost always a taker. Limit orders that rest can be makers. On Spot at Regular / VIP 0 the two rates match, so the fee line does not change. On Futures the maker rate is much lower, which is why resting limits cut the $10 / $11 round-trip examples above down to $4.
Notional vs margin: A 10x Futures trade with $1,000 margin is a $10,000 fee base. Spot with the same $1,000 is a $1,000 fee base. Percentage tables that look "cheaper" on Futures can still cost more dollars on the same cash you deposited.
Our earlier piece on Binance fees compared side by side walks through maker vs taker, Spot vs Convert, and withdrawal networks inside Binance alone if you want that internal map before you size a first trade.
Binance day-one fees Pros and Cons for new traders
Day-one Spot rate: 0.100% maker / taker at Regular User, 0.075% with BNB, or 0.080% with the flat 20% sign-up cut, without VIP volume.
Futures taker base: 0.0500% on USDâ-M beats Bybit VIP 0's 0.0550% before any discount, and falls to 0.0400% with the 20% cut.
Spot liquidity on majors: Deeper books on the pairs beginners actually trade reduce the hidden cost that never appears on a fee schedule.
Sign-up cut timing: The 20% Spot and Futures fee reduction is entered at registration and cannot be bolted onto an account that already exists, so the timing of the code line matters.
BNB balance needed for the other discount: The 25% Spot / 10% Futures BNB path needs BNB sitting in the account, which is a separate decision from the sign-up cut.
Bybit VIP 0 fees Pros and Cons for new traders
Matching Spot headline: 0.1000% / 0.1000% equals Binance Regular User before discounts, so a raw Spot table does not decide the contest.
MNT Spot cut: Optional MNT fee payment trims Spot 25% to 0.0750% at VIP 0, matching Binance's BNB Spot path on paper.
Futures taker gap: 0.0550% taker starts above Binance's 0.0500%, and MNT only brings it to 0.0495%, still above Binance with BNB at 0.0450%.
VIP 1 distance: Asset or volume bars near the $100k mark push better rows out of beginner range for a long time.
No day-one flat cut like Binance's code path: New Bybit accounts stay on VIP 0 rows unless they qualify upward or pay in MNT.
If you want the dollar impact of fee cuts on repeated small trades, the savings worked out trade by trade article runs the same style of math across a string of fills instead of a single example.
Binance registration form. Enter email or phone, then complete sign-up; apply the fee code in the designated code field if shown.
Where does the sign-up code sit on the registration form?
On Binance the code field is part of the create-account flow. Enter it before you submit. After the account exists, that particular fee cut cannot be added later. The registration screen below is the same layout reused from earlier guides: email or phone, password, and the code line in the form.
Use the same path if you want the day-one 20% Spot and Futures cut described above. A second reminder without a fresh link: enter the sign-up code on the form before you submit if that discount is part of your plan.
Which exchange wins for a beginner who only cares about fees?
On Spot base rates, call it a draw at 0.100%. On Spot with fee-token payment, call it a draw at 0.075%. On Spot with a day-one sign-up cut available only on Binance, Binance pulls ahead at 0.080% without needing BNB. On Futures taker base, Binance already leads 0.0500% to 0.0550%. On Futures with the day-one cut, Binance leads further at 0.0400% taker. On VIP access, Binance Regular User is the realistic beginner row; Bybit VIP 1 is not.
Liquidity and product breadth sit outside the percentage table, but they still change what you pay. A 0.100% fee on a deep book can beat a 0.100% fee on a thin book once slippage is counted. That is why the Spot comparison above pairs the fee line with a liquidity note instead of stopping at the schedule.
For the current task list tied to new accounts, check the Binance welcome bonus event page. Rewards and eligibility change, and that page is the source of truth for what currently counts toward the welcome tasks.
Do fee discounts stack with VIP tiers later?
VIP ladders and fee-token discounts are separate systems from a one-time sign-up cut. Read the fee on a filled order in your history after you change settings. Do not assume a stacked percentage from a blog table until your own fill confirms it. Schedules also change; the numbers in this article are stamped to early November 2026.
FAQ
Is Binance cheaper than Bybit for Spot beginners?
At the raw Regular User / VIP 0 row, no: both list 0.100%. With a day-one 20% sign-up cut on Binance, yes for Spot taker fee alone. With BNB or MNT fee payment and no code, both land near 0.075%.
Why does the Futures example cost $10 on Binance and $11 on Bybit?
Because a $1,000 margin at 10x is $10,000 notional, and both legs are takers. Binance charges 0.0500% twice; Bybit VIP 0 charges 0.0550% twice.
Does paying fees in BNB or MNT replace a sign-up code?
No. Fee-token payment is an account setting that needs you to hold the token. A sign-up code is entered once at registration. They solve different problems and are available on different timelines.
Can a beginner reach Bybit VIP 1 just to match better Futures rows?
VIP 1 needs about $100,000 in assets or heavy 30-day volume. For most first accounts that is not a fee plan, it is a capital plan. Compare VIP 0 to Binance Regular User instead.
Are these rates guaranteed next month?
No. Both exchanges update fee pages. Treat early November 2026 figures as a snapshot, open each fee schedule before you trade size, and remember this article is not financial advice.