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Mantle (MNT) is a versatile utility token deeply integrated within Mantle Network, and now within the Bybit ecosystem. With MNT, traders gain access to a powerful tool to enhance their profitability. The collaboration between Bybit and Mantle Network is continually expanding MNT's token utility across trading, payments and savings. One of the most significant benefits of this partnership lies in its ability to provide substantial trading fee discounts for users.
This article explores how you can use the Bybit MNT token to lower your trading costs, details the new fee structure and provides a simple guide to activating these benefits.
Key Takeaways:
Bybit MNT holders can get significant trading fee discounts by opting to pay their fees with the Mantle token.
The program offers a 25% fee discount on all spot trades, and a 10% discount on linear contracts for non-API transactions.
This feature is available to all users, from non-VIP to the highest VIP tiers, and can be activated in your account settings.
Bybit offers exclusive trading fee discounts to users who choose to pay their transaction fees with Mantle (MNT). This benefit applies to both non-VIP and VIP users, providing savings across the board. The program offers a 25% discount on all spot trading fees, which includes cross-margin trading. It also provides a 10% discount on linear contracts, including USDT Perpetual, USDT Futures and USDC Perpetual trades.
These discounts apply automatically once activated, and are available for all non-API transactions. The table below shows the new fee rates for each VIP level when paying with MNT:
Activating your Bybit fee discounts with Mantle is a simple process. Follow these steps to start saving on your trades.
Register for a Bybit account or log in if you already have one. You’ll need to complete the necessary Identity Verification to access all features.
Purchase or deposit MNT into your Bybit account. You can buy MNT on the spot market or transfer it from an external wallet.
Navigate to your profile settings and find the option to pay transaction fees with MNT. Select this option to activate the discounts for your future trades.
Once the discounts have been activated, you’ll receive an automatic 25% discount on all your spot trade fees and a 10% discount on your perpetual and futures trade fees. Remember that these Bybit MNT discounts are only applied to non-API transactions.
To fully appreciate these savings, it’s helpful to see the platform's standard fee structure. The Bybit fee discounts from holding MNT are applied directly to these rates.
For spot trading, non-VIP users typically have a maker and taker fee of 0.1000%. VIP users are entitled to progressively lower fees as they climb the tiers.
For perpetual and futures trading, the standard non-VIP rate is 0.0200% for makers and 0.0550% for takers, with fees decreasing for higher VIP levels.
Using the Bybit MNT token to pay for trading fees is a powerful strategy to reduce your costs and enhance your profitability. The significant 25% spot and 10% derivatives discounts can lead to substantial savings over time, especially for active traders.
For an even greater advantage, you can combine this benefit with the Bybit VIP program. Increasing your MNT holdings can help you qualify for higher VIP levels, which provide even bigger fee discounts that can then be further reduced by paying with Mantle. This synergy creates one of the most competitive fee structures in the market.
Register for a Bybit account today to start maximizing your fee discount benefits with MNT!
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