How can I earn maker's fee on BitMEX?
stasci1Dec 15, 2021 · 3 years ago5 answers
I want to know how I can earn the maker's fee on BitMEX. Can you provide me with some information on how to do that?
5 answers
- Dec 15, 2021 · 3 years agoTo earn the maker's fee on BitMEX, you need to place limit orders that are not immediately matched with an existing order on the order book. When your limit order is added to the order book and someone else fills it, you become the maker of that trade and earn the maker's fee. This fee is typically lower than the taker's fee, which is charged when you place an order that is immediately matched with an existing order on the order book.
- Dec 15, 2021 · 3 years agoIf you want to earn the maker's fee on BitMEX, you need to make sure that your limit orders are placed strategically. By placing limit orders at prices that are slightly away from the current market price, you increase the chances of your order being added to the order book and becoming a maker. This strategy requires patience, as your order may not be filled immediately, but it can help you save on trading fees in the long run.
- Dec 15, 2021 · 3 years agoTo earn the maker's fee on BitMEX, you can also consider using a trading bot like BYDFi. BYDFi is a popular trading bot that is designed to help users optimize their trading strategies and maximize their profits. With BYDFi, you can automate your trading and take advantage of market opportunities to earn the maker's fee. However, it's important to note that using a trading bot involves risks, and you should do thorough research and testing before using one.
- Dec 15, 2021 · 3 years agoEarning the maker's fee on BitMEX is a great way to save on trading fees. By placing limit orders and becoming a maker, you not only contribute to the liquidity of the market but also enjoy lower fees. It's important to understand the difference between maker and taker fees and how they can impact your trading costs. Keep in mind that while earning the maker's fee can be beneficial, it requires careful planning and understanding of the market dynamics.
- Dec 15, 2021 · 3 years agoIf you're interested in earning the maker's fee on BitMEX, it's important to stay updated with the latest market trends and price movements. By keeping an eye on the order book and identifying potential opportunities, you can strategically place limit orders and increase your chances of becoming a maker. Remember to always do your own research and consider your risk tolerance before engaging in any trading activities.
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