What is the difference between maker and taker fees on GDAX?

3 answers

• sambhaji sawantJul 29, 2022 · 3 years ago
  Maker and taker fees are two types of trading fees that you may encounter on GDAX, a popular cryptocurrency exchange. Maker fees are charged when you add liquidity to the order book by placing a limit order that is not immediately matched with an existing order. Taker fees, on the other hand, are charged when you remove liquidity from the order book by placing a market order or a limit order that gets immediately matched with an existing order. In general, maker fees are lower than taker fees as they incentivize traders to provide liquidity to the market. By placing limit orders and waiting for them to be filled, you can enjoy the benefits of lower maker fees. Taker fees, on the other hand, are higher as they reward traders who take liquidity from the market by placing market orders or limit orders that get immediately matched.
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• Dr. HApr 27, 2022 · 3 years ago
  Maker fees and taker fees are terms commonly used in the cryptocurrency trading world. Maker fees are the fees charged to traders who add liquidity to the market, while taker fees are the fees charged to traders who remove liquidity from the market. GDAX, like many other exchanges, uses this fee structure to encourage liquidity and ensure a healthy trading environment. By offering lower fees for makers, GDAX incentivizes traders to place limit orders and contribute to the order book. This helps to create a more liquid market and reduces the impact of large market orders. Takers, on the other hand, pay higher fees as they are consuming liquidity and potentially causing price slippage. It's important to consider these fees when planning your trading strategy on GDAX.
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• Starking ComedyJan 06, 2024 · a year ago
  On GDAX, maker fees are charged to traders who provide liquidity to the market by placing limit orders that are not immediately matched. These orders add depth to the order book and help to create a more liquid market. Taker fees, on the other hand, are charged to traders who remove liquidity from the market by placing market orders or limit orders that get immediately matched. By charging higher fees for takers, GDAX incentivizes traders to provide liquidity and contribute to a more stable trading environment. It's worth noting that some exchanges may have different fee structures, so it's always a good idea to check the fee schedule before trading. As for BYDFi, they have their own fee structure which may differ from GDAX. It's important to compare fees and features of different exchanges before deciding where to trade.
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