BTC Markets is pleased to announce the introduction of the maker taker model on all crypto-to-crypto markets.
The maker taker fee model is designed to promote market depth and liquidity. Orders that provide liquidity (maker orders) are rewarded a fee rebate and orders that take liquidity are charged a fee (taker orders).
If you place an order and it is not immediately matched it will go into the order book. If another user places an order that matches it, the order is a maker and will be rewarded with a fee rebate of –0.05%.
If you place an order that is instantly matched you are a taker and pay a fee of 0.20%.
Orders that are partially filled will be charged a taker fee if the filled portion is instantly matched. The remaining portion of this order will be placed onto the books and will be charged a maker fee when it is filled.
You can be a maker on either side of the market, just so long as the order that you place goes onto the order book and is not instantly filled.
We are currently reviewing the maker taker fee model on the bitcoin markets and may apply it to the AUD markets in the future.
See our FAQ for more information.