Maker/Taker Fees
Exchange fee structure where makers (limit orders) pay less than takers (market orders).
Explained Simply
On most exchanges, there are two fee tiers: maker fees and taker fees. A 'maker' adds liquidity by placing a limit order that doesn't fill immediately. A 'taker' removes liquidity by placing a market order or filling an existing order. Makers typically pay lower fees (0.1-0.2%) because they help the exchange's order book. Takers pay more (0.1-0.6%) because they consume liquidity. Some exchanges also offer volume-based discounts.
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