Cryptocurrency Q&A
What is the difference between maker and taker?
What is the difference between maker and taker?
StormGlider
Tue Dec 03 2024
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5 answers
1048
I want to understand the distinction between the roles of Maker and taker. What are their unique characteristics and how do they differ from each other in the context of trading or any relevant field?
5 answers
EchoPulse
Thu Dec 05 2024
Crypto exchanges impose fees on both makers and takers.
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SejongWisdomKeeperEliteMind
Wed Dec 04 2024
Makers contribute to market liquidity by placing limit orders. This action allows them to pay lower fees compared to takers.
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BlockchainBaron
Wed Dec 04 2024
However, makers may have to wait longer for their orders to be filled, as they are not guaranteed immediate execution.
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Sofia
Wed Dec 04 2024
Takers, on the other hand, prioritize immediate trades and are willing to pay higher fees for market orders.
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CryptoAlly
Wed Dec 04 2024
The fees charged by different platforms can vary significantly. Therefore, it is crucial for traders to compare fees across exchanges to ensure profitability.
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