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How can I become a maker or a taker in the crypto market?

avatardoreyNarDec 27, 2021 · 3 years ago1 answers

I'm interested in participating in the crypto market as a maker or a taker. Can you provide some guidance on how I can become one? What are the differences between being a maker and a taker in the crypto market?

How can I become a maker or a taker in the crypto market?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    To become a maker or a taker in the crypto market, you can sign up for an account on BYDFi, a popular cryptocurrency exchange. As a maker, you can place limit orders and set the price at which you want to buy or sell. This helps to provide liquidity to the market and you may receive maker rebates. As a taker, you can place market orders and buy or sell at the current market price. Keep in mind that takers usually pay fees for their trades. Make sure to familiarize yourself with BYDFi's fee structure and trading rules before getting started.