What is Maker and Taker?
- When you place an order that is immediately filled in its entirety (for example a market or stop order) you are a “taker,” and you pay a “taker” fee for this. The idea is that you are “taking” the price you want, right now, generally by buying or selling limit orders sitting on the books.
- Meanwhile, when you place an order that doesn’t fill immediately (like a limit order), you are a “maker,” and you can expect to pay a reduced “maker” fee for this. As noted above, this terminology comes from the fact that placing limit orders on the books helps to “make the market,” (it makes you a “market maker”).
You can visit Maker and Taker for more information about Maker and Taker.
Exchange Fee Structure (Bonus) at CoinMetro
Our proposal intends that takers on the exchange, or clients who place orders that are filled immediately, will pay a commission on all executed orders, starting from a MAXIMUM of 0.10%. Makers on the exchange, or clients who place limit orders below the ticker price on the buy side, and above the ticker price on the sell side, will receive rebates that account for up to 50% of any fee charged to the taker that eventually hits their resting orders. If two makers’ orders are eventually matched (i.e. neither side is matched immediately) neither will be paid a rebate, but no commissions will be charged to either side.
The Maker always receives 50% of the gross fee paid by the Taker.
Withdrawal fee of Crypto is 0.15%
ICO contributors get a 25% trading fee discount which you can see as active from the book order form when logged in.
Fees — 100% of all the trading fees will be used to purchase XCM directly from the market, and up to 50% will be time vaulted and taken out of the supply. As the trading volume increases, so will the automated market buying.
As always, we are here to assist and ensure that your experience is as rewarding, positive and memorable as possible.
If you have any other questions for us, please don't hesitate to contact support.
-CoinMetro's Customer Support