What is the fee structure for makers and takers on Kraken's cryptocurrency exchange?
Tran FisherDec 17, 2021 · 3 years ago6 answers
Can you provide a detailed explanation of the fee structure for makers and takers on Kraken's cryptocurrency exchange? I would like to understand how the fees are calculated and if there are any differences between makers and takers.
6 answers
- Dec 17, 2021 · 3 years agoSure! On Kraken's cryptocurrency exchange, the fee structure for makers and takers is designed to incentivize liquidity provision. Makers are traders who add liquidity to the order book by placing limit orders that are not immediately matched with existing orders. Takers, on the other hand, are traders who remove liquidity from the order book by placing market orders or limit orders that are immediately matched with existing orders. For makers, Kraken offers a fee rebate, which means they receive a percentage of the trading fee as a reward for adding liquidity. The exact rebate percentage depends on the trading volume of the maker and can range from 0% to 0.16%. The higher the trading volume, the higher the rebate percentage. For takers, Kraken charges a trading fee based on the trading volume. The fee percentage decreases as the trading volume increases. The fee can range from 0.26% to 0.10% for takers, depending on their trading volume. It's important to note that the fee structure may vary for different trading pairs and can be subject to change. It's always a good idea to check the latest fee schedule on Kraken's website for the most accurate and up-to-date information.
- Dec 17, 2021 · 3 years agoThe fee structure for makers and takers on Kraken's cryptocurrency exchange is quite interesting. Makers, who add liquidity to the order book, actually receive a fee rebate. This means that they get a percentage of the trading fee back as a reward for their contribution to the market. The rebate percentage depends on the maker's trading volume and can range from 0% to 0.16%. So the more liquidity a maker provides, the higher the rebate. On the other hand, takers, who remove liquidity from the order book, are charged a trading fee. The fee percentage decreases as the trading volume increases. For takers, the fee can range from 0.26% to 0.10%, depending on their trading volume. It's worth noting that the fee structure may vary for different trading pairs and can be subject to change. So it's always a good idea to check Kraken's website for the most up-to-date fee schedule.
- Dec 17, 2021 · 3 years agoWhen it comes to the fee structure for makers and takers on Kraken's cryptocurrency exchange, it's important to understand the incentives behind it. Kraken aims to encourage liquidity provision by offering a fee rebate to makers. This means that makers actually receive a percentage of the trading fee as a reward for adding liquidity to the market. The rebate percentage depends on the maker's trading volume and can range from 0% to 0.16%. As for takers, they are charged a trading fee based on their trading volume. The fee percentage decreases as the trading volume increases. Takers can expect to pay a fee ranging from 0.26% to 0.10%, depending on their trading volume. It's worth mentioning that the fee structure may vary for different trading pairs and can be subject to change. So it's always a good idea to check Kraken's website for the most up-to-date fee schedule.
- Dec 17, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, has a unique fee structure for makers and takers. Makers, who provide liquidity to the market, are rewarded with a fee rebate. This means that they receive a percentage of the trading fee back as an incentive for adding liquidity. The rebate percentage varies based on the maker's trading volume and can range from 0% to 0.16%. Takers, on the other hand, are charged a trading fee based on their trading volume. The fee percentage decreases as the trading volume increases. Takers can expect to pay a fee ranging from 0.26% to 0.10%, depending on their trading volume. It's important to note that the fee structure may vary for different trading pairs and can be subject to change. It's always a good idea to check BYDFi's website for the most up-to-date fee schedule.
- Dec 17, 2021 · 3 years agoThe fee structure for makers and takers on Kraken's cryptocurrency exchange is designed to encourage liquidity provision and ensure a fair trading environment. Makers, who add liquidity to the order book, are rewarded with a fee rebate. The rebate percentage depends on the maker's trading volume and can range from 0% to 0.16%. This means that makers actually receive a percentage of the trading fee back as a reward for their contribution to the market. Takers, on the other hand, are charged a trading fee based on their trading volume. The fee percentage decreases as the trading volume increases. Takers can expect to pay a fee ranging from 0.26% to 0.10%, depending on their trading volume. It's worth noting that the fee structure may vary for different trading pairs and can be subject to change. So it's always a good idea to check Kraken's website for the most up-to-date fee schedule.
- Dec 17, 2021 · 3 years agoThe fee structure for makers and takers on Kraken's cryptocurrency exchange is designed to promote liquidity provision and ensure a fair trading environment. Makers, who add liquidity to the order book, are rewarded with a fee rebate. This means that they receive a percentage of the trading fee back as a reward for their contribution to the market. The rebate percentage depends on the maker's trading volume and can range from 0% to 0.16%. Takers, on the other hand, are charged a trading fee based on their trading volume. The fee percentage decreases as the trading volume increases. Takers can expect to pay a fee ranging from 0.26% to 0.10%, depending on their trading volume. It's important to note that the fee structure may vary for different trading pairs and can be subject to change. It's always a good idea to check Kraken's website for the most up-to-date fee schedule.
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