'Its always advisable to post the command (maker) and not to buy from the order book (taker).' I don't quite understand this bit though, please could you explain in even simpler terms? Thanks :-)
let's say you want to buy Ethereum on ETH-BTC market. in case you buy an exising order you are the taker and the fee is more expensive than if you place a buy command (cheaper than the lowest sell order) - in this case you are the maker of the market since you are placing a command
Cryptohasa, Do you necessarily need to set the buy price lower than the lowest sell order to be a maker, or is it enough that you simply enter your buy order regardless at which price, just not take/accept any standing sell orders from the order book?
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BoardAltcoin Discussion
Re: 8 must read tips for trading Bitcoin and Altcoins
by
Btcpriya
on 31/10/2018, 15:05:36 UTC
Very helpful, thank you.
'Its always advisable to post the command (maker) and not to buy from the order book (taker).' I don't quite understand this bit though, please could you explain in even simpler terms? Thanks :-)