How does the maker-taker model affect trading fees in cryptocurrency exchanges?

1 answers

• May 02, 2022 · 3 years ago
  The maker-taker model is widely used in the cryptocurrency industry, and BYDFi is no exception. As a trader, you can take advantage of this model to reduce your trading fees. By placing limit orders and adding liquidity to the order book, you become a maker and can enjoy lower fees or even receive rebates. On the other hand, if you place market orders and remove liquidity from the order book, you become a taker and will be charged higher fees. This fee structure encourages traders to provide liquidity, which is essential for a healthy and liquid market. So, if you're looking to minimize your trading fees, consider becoming a maker and take advantage of the maker-taker model on BYDFi.
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