/biz/ - Business & Finance

[Anonymous No.25745401]

>still dont know what maker taker fees do

How the fuck does that work btw?

Like, 0.1% maker 0.16% taker

if I make a buy order, I already lose 0.1% and if I make a sell order, I lose 0.16% or only if they are actually filled?

Some anon replied this:

>if you produce liquidity (you set a price that does not immediately result in a transaction), you get the lower fee
>if you take liquidity (you set a price that eats the already open offers, resulting in immediate transaction) you get the higher fee

Im too low IQ for this shit. Does this basically mean that if I put an order (no matter if it is buy or sell order) I automatically lose 0.1% of the amount I put in said order even if it doesn't get filled, and if I put an order that actually gets filled I get 0.16 taker?

But when I put an order, if I get a 0.1% fee inmediately, doesn't that mean that if it gets filled, I get 0.16% again on top of the 0.1% (so 0.26% when the order is executed?) wtf

[Anonymous No.25745522]

>>25745401
You don't pay any fee when you place an order. Only when its filled. The one who placed the order first, supplying liquidity, pays a lesser fee. The one who accepted their offer, reducing liquidity, pays a higher fee. Overall the exchange makes 0.26% on this trade.

[Anonymous No.25746350]

>>25745401
maker, you create liquidity, taker, you're a nigger leech who removes liquidity