What are the maker and taker fees on Kraken for trading cryptocurrencies?

5 answers

• Dec 17, 2021 · 3 years ago
  When trading cryptocurrencies on Kraken, you will encounter maker and taker fees. The maker fee is charged when you add liquidity to the market by placing a limit order that is not immediately matched with an existing order. The taker fee, on the other hand, is charged when you remove liquidity from the market by placing an order that is immediately matched with an existing order. The maker fee is usually lower than the taker fee, incentivizing traders to add liquidity to the market. The specific fee rates depend on your trading volume and can be found on Kraken's fee schedule.
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• Dec 17, 2021 · 3 years ago
  Maker and taker fees are common in cryptocurrency exchanges like Kraken. The maker fee is typically lower because it helps to increase liquidity in the market. By placing limit orders that are not immediately matched, traders can contribute to the order book and potentially receive a lower fee. On the other hand, taker fees are higher as they involve taking liquidity from the market by placing market orders or immediate limit orders that are matched with existing orders. It's important to consider these fees when trading on Kraken or any other exchange to optimize your trading strategy.
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• Dec 17, 2021 · 3 years ago
  Kraken, one of the leading cryptocurrency exchanges, charges maker and taker fees for trading cryptocurrencies. The maker fee starts at 0.16% and can go as low as 0% for high-volume traders. On the other hand, the taker fee starts at 0.26% and can also be reduced for high-volume traders. These fees are designed to encourage liquidity in the market and reward traders who provide it. It's important to note that different exchanges may have different fee structures, so it's always a good idea to compare fees before choosing a platform for trading cryptocurrencies.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also charges maker and taker fees for trading cryptocurrencies. The maker fee on BYDFi starts at 0.15% and can be reduced for high-volume traders. The taker fee starts at 0.25% and can also be reduced based on trading volume. These fees are similar to those of other exchanges and are designed to incentivize traders to provide liquidity to the market. It's important to consider these fees when trading on BYDFi or any other exchange to optimize your trading costs and strategy.
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• Dec 17, 2021 · 3 years ago
  Trading cryptocurrencies on Kraken involves paying maker and taker fees. The maker fee is applied when you add liquidity to the market by placing a limit order that is not immediately matched. This fee encourages traders to provide liquidity and helps to maintain a healthy order book. The taker fee, on the other hand, is charged when you remove liquidity from the market by placing an order that is immediately matched. This fee is higher as it involves taking liquidity from the market. The specific fee rates depend on your trading volume and can be found on Kraken's website.
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