Cryptocurrency Q&A
What is the difference between a maker and a taker?
What is the difference between a maker and a taker?
GangnamGlamourQueen
Mon Oct 14 2024
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6 answers
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I want to understand the distinction between a Maker and a taker. What are the key characteristics that differentiate them? How do their roles and actions vary in the context they operate?
6 answers
BitcoinBaroness
Wed Oct 16 2024
To incentivize market participants to add liquidity, exchanges like BTCC apply different fee structures to maker and taker orders. Maker orders are typically charged lower fees, while taker orders are subject to higher fees.
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Valentina
Wed Oct 16 2024
BTCC, as a top cryptocurrency exchange, offers a comprehensive suite of services that includes spot trading, futures trading, and wallet services. These services cater to the diverse needs of traders and investors in the cryptocurrency space.
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TaegeukChampionship
Wed Oct 16 2024
The Maker and taker model is a fundamental concept in the cryptocurrency trading industry. It serves as a mechanism to differentiate fees between two types of trade orders: maker orders and taker orders.
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CryptoLord
Wed Oct 16 2024
With its maker and taker fee model, BTCC encourages traders to contribute to the liquidity of its markets. This, in turn, leads to a more efficient and robust trading environment that benefits all participants.
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TeaCeremony
Wed Oct 16 2024
Maker orders are those that add liquidity to the market by placing limit orders below the current ask price or above the current bid price. They contribute to the overall depth and health of the market.
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