Cryptocurrency Q&A What is the difference between maker and taker in Coinbase?

What is the difference between maker and taker in Coinbase?

HanjiHandiwork HanjiHandiwork Fri Nov 29 2024 | 6 answers 1539
I want to understand the difference between the roles of Maker and taker in the context of Coinbase. How do these two functions differ from each other in terms of their activities and impact on the platform? What is the difference between maker and taker in Coinbase?

6 answers

Martino Martino Sun Dec 01 2024
When another customer submits an order that aligns with yours, and your order is executed either partially or fully, you are classified as the maker for that specific trade.

Was this helpful?

379
40
Sara Sara Sun Dec 01 2024
As a maker, you are entitled to pay the Maker fee rate, which is generally lower than the taker fee.

Was this helpful?

379
76
CryptoDynastyLord CryptoDynastyLord Sun Dec 01 2024
On the other hand, if you place an order that gets matched partially right away, you will be charged a taker fee for that portion of the trade.

Was this helpful?

105
36
Stefano Stefano Sun Dec 01 2024
The taker fee is higher because you are actively removing liquidity from the market by matching with an existing order.

Was this helpful?

145
47
KimonoGlory KimonoGlory Sun Dec 01 2024
Determining the nature of orders involves understanding the roles of Maker and taker.

Was this helpful?

229
61
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts