What is the difference between maker and taker fees on Coinbase Pro?

3 answers

• Dec 26, 2021 · 3 years ago
  Maker and taker fees are common in cryptocurrency exchanges like Coinbase Pro. The maker fee is charged to traders who provide liquidity to the market by placing limit orders that are not immediately matched with existing orders. These traders 'make' the market by adding liquidity. On the other hand, taker fees are charged to traders who remove liquidity from the market by placing market orders that are immediately matched with existing orders. These traders 'take' liquidity from the market. The fees are usually different, with maker fees being lower than taker fees. This fee structure incentivizes traders to provide liquidity to the market.
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• Dec 26, 2021 · 3 years ago
  When you place a limit order on Coinbase Pro, you become a maker and may be eligible for the maker fee. This means that if your order is not immediately matched with an existing order, you will be charged the maker fee when your order is eventually filled. On the other hand, if you place a market order or your limit order is immediately matched with an existing order, you become a taker and will be charged the taker fee. The fees are usually displayed on the exchange's fee schedule and can vary based on factors such as trading volume and account type.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also follows a similar maker and taker fee structure. When you place a limit order on BYDFi, you become a maker and may be eligible for the maker fee. This fee is lower than the taker fee, which is charged when you place a market order or your limit order is immediately matched with an existing order. Maker and taker fees are common in the industry and serve to incentivize liquidity provision and ensure efficient trading on the platform.
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