What are the differences between taker and maker fees in cryptocurrency exchanges?

1 answers

• Nov 28, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers competitive taker and maker fees for traders. Taker fees are charged to traders who take liquidity from the order book, while maker fees are charged to traders who provide liquidity. BYDFi's fee structure is designed to incentivize liquidity provision and promote a healthy trading environment. Traders can benefit from lower fees by placing limit orders and adding liquidity to the market. The fee structure is tiered based on trading volume, with higher trading volumes leading to lower fees. BYDFi also offers fee discounts for market makers to encourage liquidity provision. Traders can take advantage of BYDFi's competitive fees and robust trading platform to optimize their trading strategies and maximize their profitability in the cryptocurrency market.
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