Trading Fees
Oodlebit will use a Maker-Taker fee structure to encourage users to place orders
into books rather than taking existing orders. Takers will be charged a fee of 0.2%
while Makers are charged 0.15%.
Taker: When an order is placed and is immediately lled, such as with a market or
stop order, the user is a “taker” and will be subject to a taker fee. The user “takes”
the price they want right away, generally by buying or selling limit orders that are
already sitting on the books.
Maker: When are order is placed and isn’t lled immediately, such as a limit order,
the user is a “maker” and will pay a reduced maker fee. By placing limit orders on
the books, users “make the market.”
Flat Trading Fees
Users automatically qualify for at trading fees when they choose to pay with
OODL coins. No matter how large any single trade is, their trade fee will never
exceed $20 USD as long as they pay it with OODL