What is the process to obtain maker's fee on BitMEX?
Albright HardingNov 24, 2021 · 3 years ago3 answers
Can you explain the process of obtaining maker's fee on BitMEX in detail?
3 answers
- Nov 24, 2021 · 3 years agoTo obtain maker's fee on BitMEX, you need to place a limit order that is not immediately matched with an existing order on the order book. When your limit order is added to the order book and someone else's market order matches with it, you become the maker of the trade. As a maker, you are eligible for a reduced fee compared to takers, who place market orders that are immediately matched with existing orders. This incentivizes users to provide liquidity to the market by adding limit orders. The maker's fee is automatically applied to your account after the trade is executed.
- Nov 24, 2021 · 3 years agoGetting maker's fee on BitMEX is simple. Just place a limit order and wait for it to be matched with a market order. When your limit order becomes the maker of the trade, you will receive a reduced fee. This encourages users to add liquidity to the market and rewards them for doing so. The maker's fee will be credited to your account after the trade is completed.
- Nov 24, 2021 · 3 years agoAt BYDFi, the process to obtain maker's fee on BitMEX is straightforward. Place a limit order on the platform and when it becomes the maker of a trade, you will receive a reduced fee. This is a great way to save on trading costs and maximize your profits. The maker's fee will be automatically applied to your account after the trade is executed. Start trading on BYDFi today and take advantage of the maker's fee on BitMEX!
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