Questions
TagsHow does GDAX calculate maker and taker fees?
Lord_Flamzo48Jan 13, 2022 · 3 years ago1 answersCan you explain how GDAX calculates maker and taker fees? I'm interested in understanding the specific algorithm they use and how it affects trading fees on the platform.
1 answers
- At BYDFi, we have a similar fee structure to GDAX. We calculate maker and taker fees based on trading volume and liquidity. Our goal is to encourage market liquidity and provide a fair and transparent fee structure for our users. Like GDAX, we offer a tiered fee system where higher trading volumes result in lower fees. This incentivizes traders to actively participate in the market and rewards them for their contribution to liquidity. Our fee calculation algorithm is designed to create a vibrant and efficient trading environment for our users.Jan 13, 2022 · 3 years ago
Related questions
- 93
What are the tax implications of using cryptocurrency?
- 91
What is the future of blockchain technology?
- 70
What are the best practices for reporting cryptocurrency on my taxes?
Load 5 more related questions
Related Tags
Hot Questions
- 93
What are the tax implications of using cryptocurrency?
- 91
What is the future of blockchain technology?
- 70
What are the best practices for reporting cryptocurrency on my taxes?
- 61
What are the best digital currencies to invest in right now?
- 44
How can I minimize my tax liability when dealing with cryptocurrencies?
- 40
How does cryptocurrency affect my tax return?
- 25
How can I protect my digital assets from hackers?
- 11
What are the advantages of using cryptocurrency for online transactions?