Calculating Trading fees

Trading fees fall into 3 main categories.

Maker or order maker

Makers are users who register a new price in the order list. They include both buy or sell orders. In the order book, a maker is someone who places a buy order with a price lower than the current best. It could also be a seller whose sell order is higher than the current best offer. Maker orders will be waiting on the list to be executed.

In other words, the Maker fee applies to orders that are not traded at the moment and are treated as regular orders on the order list.

Taker or Order taker

Takers are users who choose an available price from the order list.

In the order book, a taker is someone who places a buy order with a price equal to or higher than the current best offer. It could also be a seller who places a sell order with a price equal to or less than the current best offer.

In other words, the Taker fee applies to quick orders that are instantly executed. Since the orders will be completed instantly, they will not appear in the order book.

Instant exchange

 You are only charged with instant exchange fees if you use a simple trading panel. The order will be set and executed at the current market price.