Cryptocurrency Q&A
What is the maker taker fee for Upbit?
What is the maker taker fee for Upbit?
Alessandra
Tue Oct 01 2024
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7 answers
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Can you please clarify for me what exactly is the Maker taker fee for Upbit? I understand that this is a common pricing model in cryptocurrency exchanges, but I'm not entirely sure how it applies to Upbit specifically. Is it a fixed fee or does it vary based on the trading volume? And if it's variable, could you provide me with a rough estimate of what the fees might be for a typical trade? Thank you in advance for your help.
7 answers
Lorenzo
Thu Oct 03 2024
When it comes to cryptocurrency trading, the fees associated with limit and market orders are an important consideration. At most exchanges, the maker/taker fees for these types of orders are typically set at a standard rate.
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BlockchainVisionary
Thu Oct 03 2024
For instance, on many platforms, the maker/taker fees for limit and market orders are 0.25% across all markets. This means that regardless of the cryptocurrency being traded, traders will pay the same fee for executing these orders.
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Valentino
Thu Oct 03 2024
However, some exchanges offer discounted fees for certain markets or trading pairs. Upbit, for example, provides a fee discount for BTC and USDT markets, reducing the maker/taker fees for limit and market orders to 0.2%.
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GyeongjuGloryDaysFestivalJoy
Wed Oct 02 2024
This discount can be a significant advantage for traders who frequently trade in BTC and USDT pairs, as it can help to reduce trading costs over time.
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KpopStarletShineBrightness
Wed Oct 02 2024
In addition to limit and market orders, stop-limit orders are also a popular choice among cryptocurrency traders. These orders allow traders to set a specific price level at which they want to buy or sell a cryptocurrency, but only if the market price reaches or exceeds that level.
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