When trading contracts on CoinUp.io, the fee you pay depends on whether you are a Taker (liquidity taker) or a Maker (liquidity provider). What does this mean?
- When are you a Taker (paying a 0.06% fee)?
- When you place an order that is immediately matched against an existing order on the market. This means you are "taking" liquidity from the market.
- When are you a Maker (paying a 0.02% fee)?
- When you place an order that does not fill immediately, but instead enters the order book, waiting for someone else to match it. This means you are "making" or adding liquidity to the market.
What if an order is only partially filled? It's simple: The part of the order that fills immediately is charged the Taker fee (0.06%). The remaining part that enters the order book and fills later is charged the Maker fee (0.02%) upon execution.
Key Points to Remember:
- Fees are charged for both opening and closing a position.
- Fees are calculated based on your transaction volume.
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