Coins.xyz's Spot Trade uses a Maker-Taker fee model for its trading fees.
Maker Fees
Maker fees apply to orders that add liquidity to the order book by not being instantly matched with existing orders.
Example
If you place a Limit Order to buy a cryptocurrency at a price lower than the current market price, this order remains on the order book until it is matched. Once executed, you are charged a maker fee.
Taker Fees
Taker fees are charged on orders that remove liquidity from the order book by being executed immediately against existing orders.
Example
- All market orders, regardless of whether they are buy or sell, incur taker fees.
- Stop-market orders are also charged taker fees when their stop price is reached and the market order is executed immediately.
Other Examples
- For example, the current ask price of BTC is USD 70,000. If you create a Limit Order to buy 1 BTC at USD 65,000, it is not immediately executed and stays on the order book. Once the ask price reaches USD 65,000, your order is executed and you are charged with maker fee.
- If the order you placed gets partially matched immediately, that portion will be charged with a taker fee. The remaining portion is placed on the order book, and you will be charged with a maker fee when a counterparty takes it.
Important Note
When placing orders, users should be aware that both maker and taker fees will apply based on how their orders interact with the market, and are based on your monthly Rolling Trade Volume (RTV). Calculation of the monthly RTV can be found at the article here.
Frequently asked questions
How do I make a trade order in Spot Trade?
- Select a trading pair: Choose the cryptocurrencies you want to trade.
- Choose an order type: Select Market, Limit, Stop-Limit, or Stop-Market based on your trading strategy.
- Enter the amount: Specify how much you want to buy or sell.
- Click Buy or Sell: Confirm your order.
How to view my market order history?
- For filled orders, you can check them under the Order History tab to view the Executed Price of each trade.
- For open orders, you can view them under the Open Order tab.
- To cancel an order, click the Cancel icon directly.