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.