Confused by maker and taker fees on cryptocurrency exchanges? Want to find an exchange that offers cheap maker and taker fees? Then look no further than this article ‘best maker and taker Fees on crypto exchanges’. By the end of this post, you’ll know exactly what these fees are and cryptocurrency exchanges where you can go to find cheap rates.
Maker and taker fees are two different types of fees that you may be subject to on a cryptocurrency exchange.
The term “maker” comes from the concept of a “market maker.” A market maker is a trader who provides liquidity to a market (they “make liquidity”).
A maker places limit orders on the order book. Without limit orders on the book, the price of cryptocurrencies would swing wildly as the exchange tried to match buy market orders and sell market orders. Thus market makers (in some markets) are rewarded with lower fees for providing liquidity to the market (in the form of buy/sell limit orders).
Conversely “takers” take liquidity. They place market orders to immediately buy/sell orders sitting on the books. For that, takers pay a higher fee (in some markets) than makers.
What Cryptocurrency Exchanges Offer Cheap Maker and Taker Fees
The below table shows a small sample size of popular cryptocurrency exchanges and the maker and taker fees they charge.
And the winner from this cross section (as of October 2019) is CoinMetro so if you want to save on your trading fees then this cryptocurrency exchange would be worth checking out.
And that’s it guys thanks for reading the ‘Best maker and taker Fees on crypto exchanges’. Happy trading!