How do the maker and taker fees work on Kraken when trading digital currencies?

3 answers

• Nov 28, 2021 · 3 years ago
  Sure! When you place an order on Kraken, you have the option to be a maker or a taker. A maker is someone who adds liquidity to the order book by placing a limit order that is not immediately matched with an existing order. On the other hand, a taker is someone who removes liquidity from the order book by placing an order that is immediately matched with an existing order. Now, let's talk about the fees. As a maker, you are providing liquidity to the market, so Kraken rewards you with a lower fee. The fee you pay as a maker is based on your trading volume and can decrease as your volume increases. On the other hand, as a taker, you are taking liquidity from the market, so you pay a slightly higher fee. The fee you pay as a taker is also based on your trading volume, but it generally remains constant regardless of your volume. In summary, makers enjoy lower fees because they add liquidity to the market, while takers pay slightly higher fees because they remove liquidity from the market.
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• Nov 28, 2021 · 3 years ago
  Maker and taker fees on Kraken are a way to incentivize traders to provide liquidity to the market. When you place a limit order that is not immediately matched with an existing order, you become a maker. Makers are rewarded with lower fees because they are adding liquidity to the market. On the other hand, if you place an order that is immediately matched with an existing order, you become a taker. Takers pay slightly higher fees because they are taking liquidity from the market. The fee structure for makers and takers is based on your trading volume. As your trading volume increases, the fees you pay as a maker can decrease. However, the fees you pay as a taker generally remain constant regardless of your volume. It's important to note that the maker and taker fees can vary depending on the specific digital currency you are trading on Kraken. Make sure to check Kraken's fee schedule for the most up-to-date information.
  936312
• Nov 28, 2021 · 3 years ago
  Maker and taker fees are a common practice in the cryptocurrency exchange industry, and Kraken is no exception. When trading digital currencies on Kraken, you have the option to be a maker or a taker. Makers are traders who provide liquidity to the market by placing limit orders that are not immediately matched. Takers, on the other hand, are traders who remove liquidity from the market by placing orders that are immediately matched with existing orders. Now, let's talk about the fees. As a maker, you enjoy lower fees because you are contributing to the liquidity of the market. The exact fee structure for makers is based on your trading volume and can vary depending on the specific digital currency you are trading. On the other hand, takers pay slightly higher fees because they are consuming liquidity from the market. The fees for takers are also based on trading volume and can vary depending on the digital currency. I hope this clarifies how the maker and taker fees work on Kraken when trading digital currencies!
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