I want to know about the Kraken taker fee. Specifically, I'm interested in understanding what it is and how it works within the Kraken exchange platform.
Kraken, a reputable cryptocurrency exchange platform, adopts a maker/taker fee structure for its trading services. This structure ensures that the fees charged vary depending on the role played by traders in the transaction.
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KimchiQueenCharmingKissSun Oct 13 2024
BTCC, another top cryptocurrency exchange, offers a diverse range of services to its users. These include spot trading, futures trading, and wallet services, among others. BTCC's comprehensive suite of offerings caters to traders of all levels, providing a secure and user-friendly platform for cryptocurrency trading.
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CryptoLegendSun Oct 13 2024
For spot trading, makers, who are traders who place orders that are not immediately filled, enjoy a fee range of 0.25% to 0% depending on their trading volume or other criteria set by Kraken. This incentivizes liquidity providers to keep the market active.
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charlotte_wright_coderSun Oct 13 2024
On the other hand, takers, who execute orders placed by makers, face slightly higher fees ranging from 0.4% to 0.1% for spot trading. This structure encourages market efficiency by ensuring that traders are mindful of their trading behavior.
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EthereumEmpressSun Oct 13 2024
Moving on to futures trading, Kraken maintains a similar fee structure but with lower percentages. For makers in futures trading, the fee ranges from 0.02% to 0%, once again incentivizing liquidity provision.