What are the maker and taker fees on Binance for trading digital currencies?

3 answers

• NesgcJul 20, 2020 · 5 years ago
  Maker and taker fees are common in cryptocurrency exchanges like Binance. The maker fee is charged when you add liquidity to the market by placing a limit order that doesn't get immediately matched. The taker fee is charged when you remove liquidity from the market by placing a market order or a limit order that gets immediately matched. The fees are usually a percentage of the trading volume and can vary depending on your trading volume and the specific cryptocurrency you are trading. It's important to check Binance's fee schedule for the most accurate and up-to-date information.
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• Sulaiman BanadarDec 30, 2020 · 5 years ago
  When you trade digital currencies on Binance, you may encounter maker and taker fees. The maker fee is applied when you provide liquidity to the market by placing a limit order that is not immediately matched. The taker fee is applied when you take liquidity from the market by placing a market order or a limit order that is immediately matched. These fees are usually a percentage of the trading volume and can differ based on your trading volume and the specific digital currency you are trading. Make sure to review Binance's fee structure for the latest details.
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• PrabalMay 21, 2023 · 2 years ago
  Maker and taker fees play a role in trading digital currencies on Binance. The maker fee is charged when you create liquidity in the market by placing a limit order that doesn't get instantly filled. On the other hand, the taker fee is charged when you remove liquidity from the market by placing a market order or a limit order that gets instantly filled. These fees are typically a percentage of the trading volume and can vary depending on your trading volume and the specific digital currency you are trading. To get the most accurate information, refer to Binance's fee schedule on their official website.
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