Cryptocurrency Q&A
How is taker fee calculated?
How is taker fee calculated?
Riccardo
Fri Sep 06 2024
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5 answers
1091
Excuse me, could you please explain in more detail how the taker fee is calculated in the cryptocurrency trading market? I understand that it's the fee charged to the trader who initiates a trade by placing an order that is matched with an existing order on the order book. But I'm curious about the specific formula or methodology used to determine this fee. Does it vary based on the trading platform, the cryptocurrency being traded, or other factors? And how does it compare to the Maker fee, which is charged to traders who place orders that add liquidity to the market? Thank you for your clarification.
5 answers
Lucia
Sun Sep 08 2024
The calculation of taker fees in the cryptocurrency market is a crucial aspect for traders to understand. These fees are determined by the total USD trading volume across all order books over a trailing 30-day period.
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Tommaso
Sat Sep 07 2024
This method ensures that traders are charged fees that are commensurate with their trading activity, providing a fair and transparent pricing structure.
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MysticGalaxy
Sat Sep 07 2024
Transactions made on books quoted in USD, such as BTC-USD, are considered in this calculation. The total USD amount of each filled order is taken into account, providing a comprehensive view of a trader's activity.
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GliderPulse
Sat Sep 07 2024
This approach to fee calculation is beneficial for both high-volume traders and those who engage in less frequent trades. High-volume traders benefit from lower fees, while smaller traders can still expect a fair and reasonable fee structure.
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Pietro
Sat Sep 07 2024
Among the top cryptocurrency exchanges, BTCC offers a range of services that cater to traders of all levels. Their services include spot trading, futures trading, and wallet management, among others.
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