When making transactions within an Exchange it is necessary to know the terms Maker and Taker
A Maker is the one who schedules an order to be executed based on prerequisites and a Taker is who automatically takes an order when these requirements are met
Why should maker-taker fees be considered?
The Maker fee is applied on the side of the operation that issued the order, that is, the person who schedules the order for a specific amount that he wants to buy or sell, this order will generate liquidity to the Exchange, that is, the person who generates the orders in order to create the Exchange interaction.
The Taker fee is applied on the side of the operation that chooses to execute the order that the maker created either purchase or sale, this order that completes the transaction subtracts liquidity from the Exchange since it is completing one of the possible operations thus consuming one of the options for the other Takers.
These rates will depend on the exchange volume that the client has during the last 30 days, for which:
If the volume is equal to or less than 50,000 USD, the Maker rate will be 0.20% and the Taker rate will be 0.40%
- If the volume is between 5,000,000.01 USD and 3,000,000 USD, the Maker fee will be 0.10% and the Taker fee will be 0.20%
- If the volume exceeds 3,000,000.01 USD, the Maker rate will be 0.05% and the Taker rate will be 0.10%
- Both fees are applied separately on each pair, that is, the operations carried out on specific pair only apply on the volume of that pair.