What is taker fee and maker free?

Cryptocurrency trading involves various fees, two of the most prominent being Maker and taker fees. Maker fees are levied on traders who initiate a trade by placing a buy or sell order. These traders contribute to the market's liquidity and are thus rewarded with reduced fees.

In contrast, taker fees are charged to traders who execute an order that immediately matches with an existing order on the order book. Essentially, takers are taking liquidity away from the market, hence the higher fee structure.

The distinction between Maker and taker fees is crucial in understanding the cost structure of cryptocurrency trading. By strategically placing orders, traders can minimize their fees and potentially enhance their profitability.

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of traders. Among its offerings are spot trading, futures trading, and a secure wallet service.

BTCC's spot trading platform allows users to buy and sell cryptocurrencies directly, while its futures trading service enables traders to speculate on the future price movements of digital assets. The wallet service, on the other hand, provides a secure and convenient way to store and manage cryptocurrencies.