Bitbank Spot Trading Fees Explained
In this guide, we break down all the key fees charged by Bitbank, including maker and taker fees, funding rates, withdrawal costs, and any hidden charges. We also highlight available discounts and compare Bitbank pricing with that of leading competitors to help you evaluate whether the platform offers strong cost efficiency.
Based on my review, Bitbank’s trading fees are generally in line with the industry average
Based on my experience with the TU analytics team, which reviewed the fee structures of more than 200 cryptocurrency exchanges, I’ve drawn the following conclusions about Bitbank pricing.
- Notably, Bitbank does not offer futures trading, which impacted its overall score compared with platforms that support both spot and derivatives markets.
- However, this limitation is less significant for passive investors, as Bitbank offers competitive terms on its crypto spot market.
Below is a closer look at how Bitbank structures its trading and non-trading fees.
| Bitbank fee | Market average Based on the analysis of over 200 cryptocurrency exchanges | |
|---|---|---|
| Spot taker, % | 0.15 | 0,194 |
| Spot maker, % | 0.12 | 0,15 |
| Deposit fee | 0 | 0 |
| Withdrawal fee | 1% | Vary |
Bitbank spot fees: Is it cheap for spot trading?
The base spot trading fee on Bitbank is 0.12% for makers and 0.15% for takers, compared with the industry average of 0.15% for makers and 0.194% for takers. Like most crypto exchanges, Bitbank offers trading fee discounts as your spot trading volume increases. For instance, if your 30-day volume reaches $5 million, the fee on Bitbank drops to 0.02% for makers and 0.12% for takers. To help you assess value, we've also compared Bitbank spot trading fees with those of its top 2 competitors.
| Bitbank | Coinbase | OKX | |
|---|---|---|---|
| Spot maker fee, % | 0.12 | 0.5 | 0.08 |
| Spot taker fee, % | 0.15 | 0.5 | 0.1 |
| Spot maker fee ($5M turnover), % | 0.02 | 0.08 | 0.05 |
| Spot taker fee ($5M turnover), % | 0.12 | 0.18 | 0.045 |
Does Bitbank charge fees for deposits and withdrawals?
Bitbank generally does not charge fees for deposits, particularly for cryptocurrency transfers.
To help you better evaluate the total cost of using Bitbank, we’ve compared its non-trading fees, including deposit and withdrawal charges, with those of its top competitors.
| Bitbank | Coinbase | OKX | |
|---|---|---|---|
| Deposit fee | 0 | 0 | 0 |
| Withdrawal fee |
0.0006 BTC 0.005 ETH |
Fixed fee - 25 USD PayPal - 1.5% USDC - 10 USD |
0.0004 BTC 2.6 USDT |
Does Bitbank offer P2P trading?
No, Bitbank does not currently support P2P trading. Users can only trade via the centralized exchange interface.
For a list of exchanges that support P2P trading, check out our dedicated article on the Best P2P Crypto Exchanges.
Minimizing crypto trading costs: Expert tips
Choosing the right crypto exchange is essential for keeping trading costs low and protecting your profits. Based on our recent in-depth analysis of over 200 exchanges across 140+ evaluation criteria, here are expert insights to help you reduce fees, maximize available discounts, and select platforms that align with your trading goals.
Use demo accounts to simulate fee impact
Understanding how fees affect your trading performance is not always straightforward, especially when using leverage or executing frequent trades. Most top exchanges offer demo or testnet accounts, which allow you to test your strategy in real-time conditions. These accounts can help you assess how maker and taker fees, funding costs, and slippage impact your net results. It's a low-risk way to fine-tune your execution and determine which fee settings or order types work best before risking real capital.
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