The Bybit NFT Marketplace does not require trading fees from NFT buyers, and charges a 1% trading fee to NFT sellers.

 

Here is a detailed list showing the fees that will be incurred:

	Fees Paid	Fees Received
Creators	NFT Minting Fee*	Receive royalty fee for each secondary sale
Sellers	- Royalty fee to creator** - Pay 1% of trading fee	—
Buyers	Free

* Please note that self minting of NFTs on the Bybit NFT Marketplace is not supported. Please email us at nft-service@bybit.com if you're interested in offering your NFTs on Bybit.
** The royalty fee is not fixed and varies according to the project. A percentage of the sale price is charged.

 

Formula

Fee Paid = NFT traded price × 1% trading fee + NFT traded price ×  royalty fee 

 

Example

Seller A has sold an NFT at a price of 100 BIT. Assuming the royalty fee is 1%. 

The fee that Seller A needs to pay is 2 BIT, according to the following calculation:

Fee Paid = 100 BIT × 1% + 100 BIT × 1% 

 

Therefore, Seller A receives 98 BIT from the sale of the NFT.