What is a maker taker fee model?
A fee model that incentivises traders that add liquidity to a market and charges a fee to traders who take liquidity from a market. This promotes order book depth and market liquidity allowing traders to benefit from increased trade volumes and tighter spreads.
What is market liquidity?
Market liquidity is the degree to which an asset can be purchased and sold on market without greatly affecting its value.
What is the spread?
The spread is the difference between the best available buy and sell price in the orderbook.
What is a maker?
A trader that adds to market liquidity by quoting a price to buy or sell price an instrument on market.
What is a taker?
A trader that takes from market liquidity by immediately executing against another order.
What is the instrument?
The instrument, also known as the base currency, is the first currency shown in the trading pair - Example - ETH/BTC
What is the currency?
The currency, also known as the quote currency, is the second currency shown in the trading pair. Example - ETH/BTC
How does it work?
All traders regardless of trade volume will receive the same maker taker fee rate. A -0.05% rebate will be paid to makers and a 0.20% fee will be applied to takers on all Bitcoin markets. If you submit an order that doesn't match against an existing order, when your order is matched you will be rewarded with a -0.05% market maker rebate. If you submit an order that is matched against an existing order, you will pay a 0.20% taker fee.
How do I know if I am a maker or a taker?
All orders are considered takers until order execution, however, a market order or a limit order using best buy/sell will be a taker, as these orders will immediately match against existing orders. Limit orders placed below the top bid and above the top ask in the order-book will be a maker.
When are maker taker rebates or fees paid?
A rebate or fee will be applied to your order at the time of execution.
Where can I view my rebates and fees?
All rebates and fees, will be displayed in your Transaction History and Trade History.
What are the GST implications for receiving a fee rebate?
If you receive a rebate, you may need to adjust the amount of GST you've claimed or paid, depending on your personal tax circumstances. BTC Markets recommends you consult a registered tax professional if you believe you may be eligible for GST.
Will the maker taker fee model be applied to AUD markets?
We are currently reviewing the maker taker fee model on the bitcoin markets and may apply it to the AUD markets in the future.
Maker taker fee structure |
|
|
Asset |
maker fee* |
taker fee* |
Basic Attention Token (BAT) |
-0.05% |
0.20% |
Bitcoin Cash (BCH) |
-0.05% |
0.20% |
Bitcoin SV (BSV) |
-0.05% |
0.20% |
Ethereum (ETH) |
-0.05% |
0.20% |
Ethereum Classic (ETC) |
-0.05% |
0.20% |
Golem (GNT) |
-0.05% |
0.20% |
Litecoin (LTC) |
-0.05% |
0.20% |
OmiseGo (OMG) |
-0.05% |
0.20% |
Power Ledger (POWR) |
-0.05% |
0.20% |
XRP (XRP) |
-0.05% |
0.20% |
Stellar (XLM) |
-0.05% |
0.20% |
*A negative fee means the trader will receive a rebate. Rebates and fees will be applied to your order at the time of execution. All fees are settled in the Currency (BTC) and include GST.