What is the impact of taker and maker fees on the profitability of cryptocurrency trading?

1 answers

• Nov 26, 2021 · 3 years ago
  At BYDFi, we understand the impact of taker and maker fees on the profitability of cryptocurrency trading. Taker fees can reduce profits for traders who frequently execute market orders, while maker fees can provide an opportunity for traders to earn rebates by adding liquidity to the order book. To optimize profitability, traders can consider using limit orders and taking advantage of fee discounts offered by exchanges. By carefully managing fees and executing trades strategically, traders can improve their overall profitability in the cryptocurrency market.
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