How do the maker and taker fees work on Coinbase Pro?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! On Coinbase Pro, maker and taker fees are used to incentivize liquidity in the market. When you place a limit order that goes on the order book and is not immediately matched with an existing order, you become a maker. Makers add liquidity to the market and are charged a lower fee compared to takers. Takers, on the other hand, remove liquidity by placing market orders that get matched with existing orders. They are charged a slightly higher fee. The fee structure encourages traders to add liquidity to the market and rewards them with lower fees.
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• Nov 24, 2021 · 3 years ago
  Maker and taker fees are a common fee structure in cryptocurrency exchanges. The idea is to reward traders who provide liquidity to the market and charge a slightly higher fee for those who take liquidity from the market. On Coinbase Pro, makers are charged a fee ranging from 0% to 0.15% depending on their trading volume, while takers are charged a fee ranging from 0.04% to 0.25%. The fee percentage decreases as your trading volume increases. It's important to note that these fees can vary and it's always a good idea to check the latest fee schedule on the Coinbase Pro website.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a popular decentralized exchange, also follows a similar maker and taker fee structure. Makers are rewarded with lower fees for providing liquidity, while takers are charged slightly higher fees for taking liquidity from the market. This fee structure is designed to encourage traders to add liquidity to the market and ensure a healthy trading environment. On BYDFi, makers are charged a fee ranging from 0% to 0.1%, while takers are charged a fee ranging from 0.1% to 0.2%. The specific fee percentages may vary, so it's always a good idea to check the latest fee schedule on the BYDFi website.
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