Is it possible to receive maker's fee on BitMEX? If yes, how?
![avatar](https://download.bydfi.com/api-pic/images/avatars/Q0KxH.jpg)
I would like to know if it is possible to receive maker's fee on BitMEX. If it is, could you please explain how it works?
![Is it possible to receive maker's fee on BitMEX? If yes, how?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/8e/a91c6954c2c49686668c59c8417fcc68d8a031.jpg)
3 answers
- Yes, it is possible to receive maker's fee on BitMEX. When you place a limit order that is not immediately matched with an existing order on the order book, you become a maker. As a maker, you provide liquidity to the market, and BitMEX rewards you by charging a lower fee compared to takers. The maker's fee is a percentage of the trading volume and varies depending on the cryptocurrency you are trading. It's important to note that in order to receive the maker's fee, your order must be placed on the order book and not immediately matched.
Feb 18, 2022 · 3 years ago
- Absolutely! BitMEX offers a maker's fee to incentivize users to provide liquidity to the market. When you place a limit order that adds liquidity to the order book, you become a maker and are eligible for the maker's fee. The fee structure is tiered based on your trading volume, so the more you trade, the lower your fee will be. To receive the maker's fee, make sure to place limit orders that are not immediately matched with existing orders.
Feb 18, 2022 · 3 years ago
- Yes, you can receive maker's fee on BitMEX. As a maker, you contribute to the liquidity of the market by placing limit orders that are not immediately executed. BitMEX rewards makers by charging them a lower fee compared to takers. The maker's fee is calculated based on your trading volume and varies depending on the cryptocurrency you are trading. Keep in mind that in order to receive the maker's fee, your order must be placed on the order book and not immediately matched. If you're looking for a platform that offers competitive maker's fees, you might want to check out BYDFi, which also provides a user-friendly interface and a wide range of trading options.
Feb 18, 2022 · 3 years ago
Related Tags
Hot Questions
- 85
What are the tax implications of using cryptocurrency?
- 78
How can I protect my digital assets from hackers?
- 69
How can I buy Bitcoin with a credit card?
- 42
What are the best practices for reporting cryptocurrency on my taxes?
- 32
What is the future of blockchain technology?
- 16
What are the advantages of using cryptocurrency for online transactions?
- 8
What are the best digital currencies to invest in right now?
- 6
How does cryptocurrency affect my tax return?