What is a crypto taker fee?

In crypto trading, the Taker Fee is a crucial aspect that traders need to understand. This fee is incurred when a trader executes a trade order on an exchange.

With regards to fees, BTCC also charges a Taker Fee for executing market orders on its platform. This fee is an essential part of the trading process and is incurred by traders whenever they place a market order.

The Taker Fee is distinct from the Maker Fee, which is paid by a trader when they place a limit order on the exchange. A limit order is a type of trade order that specifies the maximum or minimum price that the trader is willing to pay or receive for a security.

When a trader places a market order, which is an order to buy or sell a security at the current market price, the Taker Fee is applied. This fee is charged by the exchange for facilitating the trade and matching the buyer and seller.

BTCC, a top cryptocurrency exchange, offers a range of services to its users. These services include spot trading, futures trading, and a wallet service for storing cryptocurrencies.