Post
Topic
Board Trading Discussion
Re: Best Exchange for day trade?
by
pooya87
on 07/07/2017, 04:37:58 UTC
Are you trading as taker or as maker? So are you placing your orders in orderbook (maker), or are you actively matching orders that are already in the book (taker)?

There are some exchanges that have 0% or even rebate when you are maker.
Eg. at Hitbtc you get 0.01% when you are maker:
https://hitbtc.com/fees-and-limits

I think also cex.io has 0% maker fee, but they do not have much coins.

So this would be perfect if you are maker.

By your definition I'm always the maker... Isn't that what most traders are? 

Thanks!

no, not always and not everyone. it is a little about different strategies and more about different situations.
for example most of the times i am opening up some orders at some price that i want to buy some altcoin not what the price currently is (maker).

but there are times when i want to catch something that i am late to, for example catch a rising price or dump before it is too late, and in that case i make the order at market price (taker).