gdax, when your order isnt filled immediately, for example if you placed a limit order, maker fees are charged. In cases where maker and taker fees apply for example. Competitive taker fees, taker orders are among the lowest in the industry. Limit orders help make the market and gives others something to take.
Taker - taker commission is charged when the user fulfills an existing offer of another user. Maker : When you place an order which is not immediately matched by an existing order (for example, a limit order that takes a few hours or days to fill that order is placed on the order book.
Why Do Cryptocurrency Exchanges Use a Maker-Taker Model? Meanwhile, a limit order can sit on the order books and wont fill immediately, which is what you want when facing a maker-taker fee schedule. On partial fills : If an order is partially matched immediately, you pay a taker fee for that portion. Markets with lots of high-frequency trading can suffer from rapid trading that diminishes liquidity and distorts prices (which benefits short-term traders trying to make big profits quick and hurts long-term traders). Makers earn rebates, traders placing Maker orders (resting orders that add liquidity to the exchange) earn 3 bps on all executed trades. Taker : When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee (for gdax that.10 and.25 for BTC books and.10 and.30 for ETH books depending on your volume;. Our maker-taker fee model ensures that we are operating with a deep liquidity pool which allows for better price discovery and a favorable trading environment for all customers. All maker orders (resting orders that add liquidity to the exchange) are eligible for rebates, and taker orders are charged fees according to the following tiered approach, based on 30-day rolling volumes (USD schedule OF fees rebates updated March 14, 2019,.m.
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