Cryptocurrency Q&A
How is maker fee calculated?
How is maker fee calculated?
Martino
Thu Oct 10 2024
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6 answers
1311
I'm trying to understand how the Maker fee is calculated. Is it based on the transaction amount, the type of transaction, or some other criteria? I'd like to know the specifics of this calculation.
6 answers
CryptoWanderer
Sat Oct 12 2024
A Maker order in the context of cryptocurrency trading occurs when a trader places an order that adds liquidity to the market. For a sell order to be considered a maker order, it must be priced above the highest existing buy order.
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Valentino
Sat Oct 12 2024
Conversely, for a buy order to be classified as a maker order, it must be priced below the lowest existing sell order. This mechanism ensures that traders who contribute to market liquidity are incentivized.
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CryptoEmpireGuard
Sat Oct 12 2024
The concept of Maker and taker fees is a common practice among cryptocurrency exchanges. Maker fees are typically lower than taker fees, as makers are introducing new orders into the market, thereby enhancing its liquidity.
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Andrea
Fri Oct 11 2024
The reduced maker fees serve as an attraction for traders, encouraging them to place orders that contribute positively to the exchange's order book. This, in turn, leads to increased liquidity, which is beneficial for all market participants.
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Riccardo
Fri Oct 11 2024
Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive suite of services. BTCC offers a range of trading options, including spot trading, where traders can buy and sell cryptocurrencies directly at the current market price.
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