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What is the difference between maker and taker orders in cryptocurrency trading?

NaumanOct 04, 2022 · 3 years ago1 answers

Can you explain the distinction between maker and taker orders in cryptocurrency trading? How do they affect the trading process and fees?

Cryptocurrency
Trading
Maker Orders

1 answers

  • ahmed abuelkhierOct 04, 2024 · 8 months ago
    At BYDFi, we understand the importance of maker and taker orders in cryptocurrency trading. Maker orders are placed on the order book and wait for takers to match with them. These orders provide liquidity to the market and help maintain a healthy trading environment. Taker orders, on the other hand, immediately match with existing orders and take liquidity from the market. They are the ones who execute trades. Understanding the difference between maker and taker orders can help traders make informed decisions and optimize their trading strategies. So, whether you're a maker or a taker, BYDFi is here to support your cryptocurrency trading journey.

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