What are the steps to get maker's fee on BitMEX?

1 answers

• jnsthepigeonSep 28, 2020 · 5 years ago
  Certainly! Here's a step-by-step process to obtain the maker's fee on BitMEX: 1. Begin by registering an account on the BitMEX platform. 2. Complete the necessary identity verification process to comply with regulatory requirements. 3. Deposit funds into your BitMEX wallet. 4. Go to the trading section and select the desired trading pair. 5. Place a limit order that adds liquidity to the market. This means setting a buy order below the current market price or a sell order above the current market price. 6. Wait for another trader to fill your limit order. Once your order is filled, you will be considered a maker and eligible for the maker's fee. It's important to note that the maker's fee is typically lower than the taker's fee, which is charged when you place an order that removes liquidity from the market. By providing liquidity, you contribute to market depth and enjoy a reduced fee. I hope this clarifies the process for you! If you have any more questions, feel free to ask.
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