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What are the maker and taker fees in the world of cryptocurrency?

avatarOm ChandraJan 13, 2022 · 3 years ago1 answers

Can you explain what maker and taker fees are in the context of cryptocurrency trading? How do they work and why are they important?

What are the maker and taker fees in the world of cryptocurrency?
Cryptocurrency
Trading Fees
Maker Fees

1 answers

  • avatarJan 13, 2022 · 3 years ago
    At BYDFi, we understand the importance of maker and taker fees in the cryptocurrency world. As a third-party exchange, we strive to provide a fair and transparent fee structure to our users. Our maker fees are competitive, incentivizing liquidity provision and promoting a vibrant trading environment. Taker fees are slightly higher to reflect the cost of consuming liquidity. We believe in fostering a healthy trading ecosystem and aim to offer the best trading experience for our users.

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