04-14-2021, 10:28 PM
Maker vs Taker fees: What’s the difference?
<!-- SC_OFF --><div class="md"><p>If you are a trader, you should know what Maker vs Taker fees are and if you do, this post is probably not for you. But if you don’t, I strongly advise you to read this post</p> <p>What is Maker and Taker?</p> <p>In trading, there are 2 sides which are buy and sell. Usually, most traders will put sell/buy orders so they don’t have to watch charts 24/7. </p> <p>However, besides tradingview, there is another chart known as depth chart which shows sell/buy orders at certain price points and this chart is quite handy as it lets you know the demand and resistance points for the said coin. </p> <p>The traders who put sell/buy orders at certain price points are known as makers as they are literally making up the depth chart and for providing liquidity which helps other traders exchange coins.</p> <p>Takers on the other hand are people who buy at market price without placing an order and thus are called takers as they are taking liquidity from the market. </p> <p>Maker and Taker Fees:</p> <p>Usually, exchanges will charge makers a lower trading fee for their contribution to the market and for providing liquidity. For coinbase pro and binance, this fee is the same as taker fees at first levels (having a trading volume of less than $10k a month) but as you climb up the levels, the maker fees are lower compared to taker fees</p> <p>And as mentioned above, as takers take liquidity from the market, they have to pay more fees. Again, the M&T fees are the same at lower levels but as you progress, you’ll have to pay more fees if you want to trade as a taker.</p> <p>So if you didn’t know this, from now on you should look into trading as a maker as you’ll have to pay less fees.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ThrowAway0183910"> /u/ThrowAway0183910 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mqmz6u/maker_vs_taker_fees_whats_the_difference/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mqmz6u/maker_vs_taker_fees_whats_the_difference/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>If you are a trader, you should know what Maker vs Taker fees are and if you do, this post is probably not for you. But if you don’t, I strongly advise you to read this post</p> <p>What is Maker and Taker?</p> <p>In trading, there are 2 sides which are buy and sell. Usually, most traders will put sell/buy orders so they don’t have to watch charts 24/7. </p> <p>However, besides tradingview, there is another chart known as depth chart which shows sell/buy orders at certain price points and this chart is quite handy as it lets you know the demand and resistance points for the said coin. </p> <p>The traders who put sell/buy orders at certain price points are known as makers as they are literally making up the depth chart and for providing liquidity which helps other traders exchange coins.</p> <p>Takers on the other hand are people who buy at market price without placing an order and thus are called takers as they are taking liquidity from the market. </p> <p>Maker and Taker Fees:</p> <p>Usually, exchanges will charge makers a lower trading fee for their contribution to the market and for providing liquidity. For coinbase pro and binance, this fee is the same as taker fees at first levels (having a trading volume of less than $10k a month) but as you climb up the levels, the maker fees are lower compared to taker fees</p> <p>And as mentioned above, as takers take liquidity from the market, they have to pay more fees. Again, the M&T fees are the same at lower levels but as you progress, you’ll have to pay more fees if you want to trade as a taker.</p> <p>So if you didn’t know this, from now on you should look into trading as a maker as you’ll have to pay less fees.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ThrowAway0183910"> /u/ThrowAway0183910 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mqmz6u/maker_vs_taker_fees_whats_the_difference/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mqmz6u/maker_vs_taker_fees_whats_the_difference/">[comments]</a></span>Kind Regards R