BitMEX vs Koinbay: fees compared
Every fee that costs you money on BitMEX and Koinbay, side by side — trading fees at each VIP tier, withdrawal fees coin by coin, deposits and fiat. Sourced from each exchange’s own fee pages.
BitMEXRank #75 · founded 2014
KoinbayRank #85 · founded 2023The short answer
- BitMEX charges 0.05–0.1% on spot taker orders versus 0.6% on Koinbay.
- Futures taker fees are identical at 0.05%.
- Koinbay has the cheaper withdrawal fee on 11 of the 17 coins both exchanges list.
Head-to-head
| Fee | BitMEX | Koinbay |
|---|---|---|
| Trading fees | ||
| Spot maker | 0.05–0.1%cheaper | 0.3% |
| Spot taker | 0.05–0.1%cheaper | 0.6% |
| Futures maker | 0.05% | 0.02–0.025%cheaper |
| Futures taker | 0.05% | 0.05–0.075% |
| Lowest spot taker (top VIP tier) | 0.05%cheaperRegular | 0.6%Regular |
| Fee tiers published | 1Spot trading — Spot USDT quoted | 1Spot trading |
| Fee discount with exchange token | — | — |
| Withdrawals & deposits | ||
| Coins you can withdraw | 51synced 2026-08-29 00:53 UTC | 253moresynced 2026-08-29 00:53 UTC |
| Median withdrawal fee (coins on both) | $0.1257across 17 coins | $0.02454cheaperacross 17 coins |
| Cheaper withdrawal on… | 6 coins | 11 coinsmore |
| Crypto deposit fee | — | Free |
| Exchange profile | ||
| Volume 24h (spot + derivatives) | $8.58MOI $40.92M | $6.25Bmore |
| Markets | Spot, Derivativesfounded 2014 | Spot, Derivativesfounded 2023 |
| Fiat currencies | — | — |
“Cheaper” marks the better number on that row only. A dash means we have not verified that fee for the exchange yet — it is not a claim that the fee is zero.
What would you actually pay?
- Trading (Regular · 0.05% / 0.05%)
- $500.00
- Withdrawals (4× BTC · Bitcoin · $0.7816 each)
- $3.13
- Trading (Regular · 0.3% / 0.6%)
- $4,500.00
- Withdrawals (4× BTC · Bitcoin · $51.43 each)
- $205.72
At $1M of monthly spot volume (50% maker) plus 4 BTC withdrawals, BitMEX costs $4,202.59 less per month — $50,431.14 a year.
Estimate only: it applies each exchange’s published VIP ladder for the market you picked, ignores token-payment discounts, referral rebates and promotional zero-fee pairs, and assumes every withdrawal uses the cheapest network above. Negative fees are maker rebates.
Spot fee tiers side by side
BitMEXSpot trading — Spot USDT quoted
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.05% | 0.05% |
Source: BitMEX fee schedule ↗ · verified 2026-08-28
KoinbaySpot trading
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.3% | 0.6% |
Source: Koinbay fee schedule ↗ · verified 2026-08-28
Futures fee tiers side by side
BitMEXFutures trading — Futures quarterly
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.05% | 0.05% |
Source: BitMEX fee schedule ↗ · verified 2026-08-28
KoinbayFutures trading — Perpetual
| Tier | 30d volume ≥ | Maker | Taker |
|---|---|---|---|
| Regular | — | 0.02–0.025% | 0.05–0.075% |
Source: Koinbay fee schedule ↗ · verified 2026-08-28
Withdrawal fees, coin by coin17 coins on both
| Coin | BitMEX | Koinbay | Cheaper |
|---|---|---|---|
 BTCBitcoin | 0.0₄1000 BTC$0.7816 · Bitcoin | 0.0006580 BTC$51.43 · Bitcoin | BitMEXsaves $50.65 |
 ETHEthereum | 0.0₄5000 ETH$0.1257 · Optimism +3 | 0.0₅3000 ETH$0.007544 · Base +3 | Koinbaysaves $0.1182 |
 USDTTether USDt | 0.05000 USDT$0.04996 · Arbitrum One +5 | 0.005450 USDT$0.005445 · BNB Smart Chain (BEP20) +5 | Koinbaysaves $0.04451 |
 BNBBNB | 0.002000 BNB$1.50 · BNB Smart Chain (BEP20) | 0.0₄1000 BNB$0.007514 · BNB Smart Chain (BEP20) | Koinbaysaves $1.50 |
 XRPXRP | 0.2000 XRP$0.2668 · XRP Ledger | 0.0₄3000 XRP$0.0₄4001 · XRP Ledger | Koinbaysaves $0.2667 |
 USDCUSDC | 0.05000 USDC$0.05001 · Arbitrum One +4 | 0.002750 USDC$0.002751 · Base +4 | Koinbaysaves $0.04726 |
 TRXTRON | 1 TRX$0.3369 · Tron (TRC20) | 8.25 TRX$2.78 · Tron (TRC20) | BitMEXsaves $2.44 |
 DOGEDogecoin | 5 DOGE$0.4291 · Dogecoin | 25 DOGE$2.15 · Dogecoin | BitMEXsaves $1.72 |
 LINKChainlink | 0.2500 LINK$2.97 · Ethereum (ERC20) | 0.03526 LINK$0.4196 · Ethereum (ERC20) | Koinbaysaves $2.56 |
 ADACardano | 1 ADA$0.2160 · Cardano | 38.96 ADA$8.42 · Cardano | BitMEXsaves $8.20 |
 BCHBitcoin Cash | 0.0005000 BCH$0.1247 · Bitcoin Cash | 0.0002500 BCH$0.06234 · Bitcoin Cash | Koinbaysaves $0.06234 |
 LTCLitecoin | 0.0002000 LTC$0.01112 · Litecoin | 0.002500 LTC$0.1391 · Litecoin | BitMEXsaves $0.1279 |
 AAVEAave | 0.02000 AAVE$2.72 · Ethereum (ERC20) | 0.003298 AAVE$0.4483 · Ethereum (ERC20) | Koinbaysaves $2.27 |
 DOTPolkadot | 0.1000 DOT$0.1155 · Polkadot | 0.008613 DOT$0.009949 · Polkadot | Koinbaysaves $0.1056 |
 ATOMCosmos | 0.02000 ATOM$0.03324 · Cosmos Hub | 0.002500 ATOM$0.004155 · Cosmos Hub | Koinbaysaves $0.02908 |
 XTZTezos | 0.1000 XTZ$0.02695 · Tezos | 0.09104 XTZ$0.02454 · Tezos | Koinbaysaves $0.002414 |
 BUSDBUSD | 0.0₅1000 BUSD$0.0₅1001 · Ethereum (ERC20) | 0.0007650 BUSD$0.0007655 · BNB Smart Chain (BEP20) +1 | BitMEXsaves $0.0007645 |
Showing 1–17 of 17 coins
Deposit, fiat, card and other fees
| Fee | BitMEX | Koinbay |
|---|---|---|
| Crypto deposit fee | — | Free |
| Futures settlement/delivery fee | Free | — |
BitMEX vs Koinbay — FAQ
Is BitMEX or Koinbay cheaper?
BitMEX charges 0.05–0.1% on spot taker orders versus 0.6% on Koinbay. Futures taker fees are identical at 0.05%. Koinbay has the cheaper withdrawal fee on 11 of the 17 coins both exchanges list.
Which has lower trading fees, BitMEX or Koinbay?
BitMEX charges 0.05–0.1% taker / 0.05–0.1% maker on spot and 0.05% taker on futures at the entry tier. Koinbay charges 0.6% taker / 0.3% maker on spot and 0.05–0.075% taker on futures. Across the metrics we compare, Koinbay wins more of them. Both drop as your 30-day volume grows — use the calculator above to price your own volume.
Which is cheaper for withdrawals, BitMEX or Koinbay?
Of the 17 coins both exchanges let you withdraw, BitMEX is cheaper on 6, Koinbay on 11. The median withdrawal fee on that shared basket is $0.1257 on BitMEX versus $0.02454 on Koinbay. Koinbay is the cheaper default, but the winner changes coin by coin — check the coin you actually withdraw.
How can I pay lower fees on BitMEX or Koinbay?
Both exchanges also cut maker/taker rates as your 30-day volume rises — BitMEX publishes 1 tier and Koinbay publishes 1 tier. Choosing the cheapest withdrawal network matters just as much: on many coins the gap between networks is larger than the gap between exchanges.
Are these BitMEX and Koinbay fees up to date?
Trading fees are hand-curated from each exchange's official fee schedule and carry the date we last verified them (2026-08-28 for BitMEX, 2026-08-28 for Koinbay). Withdrawal fees are synced from each exchange's own API or fee page (last sync 2026-08-29 00:53 UTC for BitMEX, 2026-08-29 00:53 UTC for Koinbay). USD amounts are recomputed at the live coin price.
Other comparisons
Trading and other fee numbers are hand-curated from each exchange’s official fee pages (linked next to every tier table) and carry the date we last verified them. Withdrawal fees are synced from each exchange’s own API or fee page; USD amounts are computed at the current live coin price, so they move with the market. Rates exclude referral rebates, promotional zero-fee pairs and regional pricing. Full detail per exchange: BitMEX fees · Koinbay fees.