I'm trying to understand the concept of Maker and taker fees on Coinbase. Could someone explain what these fees are and how they work on the Coinbase platform?
On the other hand, if you place an order that is immediately filled by an existing order in the order book, you are considered the taker. Takers remove liquidity from the market by executing trades against existing orders. Consequently, taker fees tend to be higher than maker fees.
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WhisperWindLightWed Oct 16 2024
For trades involving Stable Pairs, a type of cryptocurrency pairing that often involves a stablecoin, exchanges may offer even more competitive fee structures. For example, on some exchanges, both the maker and taker may pay a fee of 0.00% and 0.0045%, respectively, for trades in Stable Pairs.
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KabukiPassionWed Oct 16 2024
Trading on cryptocurrency exchanges often involves fees for both market makers and takers. When a customer places an order that finds a matching counterpart, they are designated as the maker.
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CryptoAceWed Oct 16 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to cater to the diverse needs of its customers. Among its offerings are spot trading, which allows customers to buy and sell cryptocurrencies at current market prices, and futures trading, which enables customers to speculate on the future price of cryptocurrencies.
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MariaWed Oct 16 2024
As a maker, you contribute to the liquidity of the market by adding an order to the exchange's order book. In return, exchanges often offer reduced fees to makers as an incentive. On certain exchanges, the maker fee can range from 0.00% to 0.40% of the transaction value.