Cryptocurrency Q&A
What is the Orca exchange fee?
What is the Orca exchange fee?
ShintoMystic
Thu Jul 25 2024
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7 answers
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I'm curious about the Orca exchange fee structure. Could you please explain what it entails? Are there any flat fees or are they based on the trading volume? Are there any withdrawal or deposit fees that I should be aware of? And how does Orca's fee structure compare to other popular cryptocurrency exchanges in the market? Your insights would be greatly appreciated.
7 answers
CryptoMystic
Sat Jul 27 2024
In this system, there are typically multiple tiers with decreasing fee rates as traders move up the tiers. The taker fee is charged to traders who remove liquidity from the market by placing market orders, while the maker fee is charged to traders who add liquidity by placing limit orders.
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Marco
Sat Jul 27 2024
For example, a cryptocurrency exchange may have a 2% pool fee tier with a taker fee of 2% and a maker fee of 1.74%. This means that traders in this tier will pay a 2% fee on their taker trades and a 1.74% fee on their maker trades.
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ShintoBlessing
Sat Jul 27 2024
As traders increase their trading volume and move up to the next tier, the fees will decrease. For instance, in a 1% pool fee tier, the taker fee would be 1% and the maker fee would be 0.87%.
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CryptoElite
Sat Jul 27 2024
Moving further up the tiers, the fees continue to decrease. In a 0.3% pool fee tier, the taker fee would be 0.3% and the maker fee would be 0.261%. Finally, in the lowest tier, such as a 0.05% pool fee tier, both the taker and maker fees would be 0.05%.
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CryptoLegend
Sat Jul 27 2024
Trading fees on cryptocurrency exchanges vary depending on several factors, including the volume of trades executed and the type of user. One common fee structure involves a pool fee tier system, where traders are assigned to different tiers based on their trading activity.
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