GangnamGlitzGlamourGlory
Sat Aug 31 2024
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7 answers
1883
What is the difference between maker fee and take fee?
Can you explain the distinction between maker fees and take fees in the context of cryptocurrency trading? As a trader, it's important to understand these costs and how they can impact my overall profitability. Is there a general rule of thumb for determining which one is more advantageous in various market conditions? Additionally, do exchanges typically offer discounts or incentives for high-volume traders in relation to these fees?
CryptoDynasty
Sat Aug 31 2024
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7 answers
1769
Is a limit order a maker fee?
Excuse me, could you please clarify for me if a limit order is automatically considered a maker fee in the world of cryptocurrency trading? I've heard that market orders often attract taker fees, but I'm unsure about the distinction when it comes to limit orders and whether they're classified as maker or taker transactions. Could you elaborate on this, and perhaps explain the reasoning behind such categorization? Thank you in advance for your insight.
