Cryptocurrency Q&A
What is the difference between a taker and a maker order?
What is the difference between a taker and a maker order?
Eleonora
Thu Oct 10 2024
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7 answers
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I'm trying to understand the distinction between a taker order and a Maker order in the context of trading. Could someone explain the main differences between these two types of orders?
7 answers
MichaelSmith
Sat Oct 12 2024
In contrast, Takers are traders who execute existing orders placed by Makers. They consume the liquidity provided by Makers, fulfilling their buy or sell requests.
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Eleonora
Sat Oct 12 2024
The roles of Makers and Takers have a direct impact on trading fees. Makers, by enhancing market liquidity, are often rewarded with reduced trading fees. This incentive encourages more traders to act as Makers, further bolstering market liquidity.
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AltcoinExplorer
Sat Oct 12 2024
On the other hand, Takers, who consume liquidity, may face higher trading fees. This is because their actions can potentially reduce the availability of orders for other traders, negatively impacting market liquidity.
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charlotte_bailey_doctor
Sat Oct 12 2024
In the world of cryptocurrency trading, two primary roles exist: Makers and Takers. Each plays a vital part in shaping the market dynamics and influencing trading costs.
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Chloe_carter_model
Sat Oct 12 2024
BTCC, a top cryptocurrency exchange, offers a range of services tailored to suit the needs of both Makers and Takers. These services include spot trading, futures trading, and wallet management, among others.
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