Cryptocurrency Q&A
What is the taker and maker fee for BitMEX?
What is the taker and maker fee for BitMEX?
Carlo
Wed Sep 11 2024
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7 answers
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Hello there, I'm curious about the trading fees associated with BitMEX. Specifically, I'd like to know about the taker and Maker fees. Could you please elaborate on what these are and how they work on the BitMEX platform? I understand that trading fees can vary greatly across exchanges, so I'm eager to learn more about BitMEX's fee structure. Thank you in advance for your insights.
7 answers
EnchantedNebula
Fri Sep 13 2024
Cryptocurrency trading involves various fees that traders must be aware of before engaging in the market. One such fee is the taker fee, which is charged to traders who take liquidity from the market by placing an order that is immediately matched with an existing order.
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DongdaemunTrendsetterStyleIconTrend
Fri Sep 13 2024
The taker fee on many cryptocurrency exchanges is set at 10bps, or 0.10% of the trade value. This fee is applied to the trader's order as soon as it is executed and is an important consideration when evaluating the overall cost of trading.
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Stefano
Fri Sep 13 2024
In contrast to the taker fee, the maker fee is charged to traders who provide liquidity to the market by placing an order that is not immediately matched. This fee is typically lower than the taker fee and is intended to incentivize traders to contribute to the market's depth and liquidity.
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Daniele
Fri Sep 13 2024
On many exchanges, the maker fee is also set at 10bps, or 0.10% of the trade value. However, some exchanges may offer discounts or incentives for traders who consistently provide liquidity to the market.
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Bianca
Thu Sep 12 2024
It's important for traders to understand the difference between taker and Maker fees, as well as the impact they can have on the profitability of their trades. By carefully evaluating the fees charged by different exchanges, traders can make informed decisions about where to trade and how to optimize their trading strategies.
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