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Bitcoin USD   24h
Etherum USD   24h
Litecoin USD   24h
Ripple USD   24h
OiX N/A   N/A

Understanding Maker and Taker

Our platform works with the lowest real-time, dynamic fee structure that rewards more activity and gives the users the power to change how much they pay. We have fee structure that goes down to 0 bps and the highest we charge is 22 bps, one of the lowest top slab in the industry. NOTE- Fees and account balances are not rounded, even though they may be displayed to you as rounded up or down to the smallest denomination for a given fiat currency or digital asset (e.g., one penny, one satoshi, which is 0.00000001 BTC, or one wei, which is 10^-18 ETH).


30-Day Trading Volume (BTC) 30-Day Trading Volume (ETH) Taker Fee Maker Fee Auction Fee
0 0 22 bps (0.22%) 22 bps (0.22%) 22 bps (0.22%)
≥ 1,000 ≥ 20,000 20 bps (0.20%) 18 bps (0.18%) 18 bps (0.18%)
≥ 2,000 ≥ 40,000 18 bps (0.18%) 15 bps (0.15%) 15 bps (0.15%)
≥ 3,000 ≥ 60,000 15 bps (0.15%) 10 bps (0.10%) 10 bps (0.10%)
≥ 5,000 ≥ 100,000 10 bps (0.10%) 0 bps (0.00%) 0 bps (0.00%)


Maker

Type 1 (seller)- You tell the exchange that you want to sell at price P, but P is higher than the highest price at which any Type 2 maker is currently willing to buy. (You're demanding too much money in the eyes of everyone who's said they want to buy.)

Type 2 (buyer)- You tell the exchange that you want to buy at price Q, but Q is lower than the lowest price at which any Type 1 maker is currently willing to sell. (You're trying to spend too little money in the eyes of everyone who's said they want to sell.)

Since neither request could be matched against any existing maker's request, you've just "added" liquidity by listing your desired transaction on the exchange's order book. Your order will sit there until it either gets filled (i.e. someone bites on your offer), expires, or you cancel it.


Taker

Type 1 (seller)- You tell the exchange that you want to sell at price R, and R is at or below the price currently advertised by at least one Type 2 (buyer) maker. (At least one known buyer thinks the amount of money you're asking for is reasonable.)

Type 2 (buyer)- You tell the exchange that you want to buy at price S, and S is at or above the price currently advertised by at least one Type 1 (seller) maker. (At least one known seller thinks the amount of money you're willing to spend is reasonable.)

Since your request can be matched against some listed maker's request on the exhange's order book, it will get executed against the best available maker's price and you will have "removed" liquidity by executing against one or more makers' desired transactions from the order book.