I'm trying to understand the concept of a taker on Coinbase, specifically related to fees. I want to know what it means to be a taker in this context and how it affects the fees I pay when trading on the platform.
5 answers
Bianca
Wed Dec 04 2024
Placing an order at the
market price results in immediate execution, categorizing the trader as a taker.
Elena
Wed Dec 04 2024
As a taker, traders are required to pay a fee for their transactions.
CharmedVoyager
Wed Dec 04 2024
The fee for takers ranges between 0.05% and 0.60% of the transaction value.
KiteFlyer
Wed Dec 04 2024
On the other hand, if an order is not matched immediately by an existing order, it is placed on the order book.
KatanaBladed
Tue Dec 03 2024
Orders on the order book await matching with opposite orders to complete a transaction.