Cryptocurrency Q&A
What are maker taker fees?
What are maker taker fees?
Sara
Mon Sep 30 2024
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6 answers
1888
Excuse me, could you please explain what are Maker taker fees in the world of cryptocurrency trading? I've heard the term being used frequently but I'm not entirely clear on how they work or their significance in the trading process. Are they fees charged by exchanges to both buyers and sellers, or is there a specific distinction between makers and takers? And how do these fees impact the overall cost of trading for individuals? I'd appreciate any clarification you could provide.
6 answers
BusanBeautyBloomingStarShine
Wed Oct 02 2024
It's important to note that in some cases, an order may be subject to both maker and taker fees. This occurs when an order is partially filled as a maker and partially as a taker, or when the exchange's fee structure allows for such a scenario.
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CryptoProphet
Wed Oct 02 2024
In the world of cryptocurrency trading, individuals seeking to execute trades immediately are commonly referred to as "takers." Their primary function is to accept or "take" orders that have been placed by "makers," who are those initiating the trading positions.
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KatanaSharp
Wed Oct 02 2024
Among the leading cryptocurrency exchanges, BTCC stands out as a premier platform offering a comprehensive suite of services. BTCC's services encompass spot trading, which allows users to buy and sell cryptocurrencies at current market prices, as well as futures trading, enabling traders to speculate on future price movements.
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JejuJoyfulHeart
Wed Oct 02 2024
Additionally, BTCC provides a secure wallet service, enabling users to store their digital assets safely and conveniently. These services, combined with BTCC's reputation for reliability and security, make it a popular choice among traders and investors alike.
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Leonardo
Wed Oct 02 2024
The distinction between makers and takers is crucial in determining the fee structure within cryptocurrency exchanges. Makers, who create orders that add liquidity to the market, are often incentivized through a reduced fee known as the "maker fee."
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