When trading on the Coinmetro Exchange, every order you place may incur either a taker or maker fee. Understanding the difference can help you trade smarter and save on fees. In this article, we'll run through both maker and taker fees and what the difference is between the two.
⚡ What Are Taker Orders?
A taker order happens when your order is filled immediately by matching with an existing order on the order book. Market orders are classic examples of taker orders—they "take" liquidity from the market.
🔹 Key points about taker orders:
They remove liquidity from the order book.
Limit orders can also be taker orders if they match instantly with an existing order.
Taker fees on Coinmetro range from 0.06% to 0.1%, depending on your Level.
Tip: If speed is your priority and you want your order filled immediately, you'll likely be paying a taker fee.
🛠️ What Are Maker Orders?
A maker order is a limit order that sits on the order book, helping create liquidity for other traders. By “making the market,” you earn the title of market maker.
🔹 Key points about maker orders:
They add liquidity to the market.
Fees are lower, ranging from 0.005% to 0.10%, depending on your Level.
On the Margin Platform, a 0.1% fee is applied both when entering and exiting a trade.
Tip: If you place a limit order that doesn't fill immediately, you could benefit from lower fees.
📊 Maker and Taker Fee Table
Level | Maker Fee | Taker Fee |
Level 0 (Regular Fee) | 0.10% | 0.20% |
Level 1 | 0.10% | 0.20% |
Level 2 | 0.10% | 0.15% |
Level 3 | 0.05% | 0.15% |
Level 4 | 0% | 0.10% |
Level 5 | 0% | 0.09% |
Level 6 | 0% | 0.08% |
Level 7 | -0.005% | 0.07% |
Level 8 | -0.005% | 0.06% |
💡 Pro tip: Higher Levels not only reduce fees but may even earn you rewards for providing liquidity (negative maker fees!).
🪙 The Coinmetro Token (XCM) Token Utility
All trading fees on Coinmetro are used to purchase XCM tokens directly from the market. Up to 50% of purchased tokens are vaulted, removing them from circulation.
As trading volume grows, this automated market buying increases, benefiting the overall ecosystem.
FAQs
💡 What is the difference between maker and taker fees?
Maker fees apply when your order adds liquidity to the order book, while taker fees apply when your order removes liquidity and is filled immediately.
⏱️ Can a limit order be a taker order?
Yes! If your limit order matches an existing order immediately, it’s considered a taker order.
🏷️ How are fees determined on Coinmetro?
Fees depend on your Level, which is determined by trading volume and platform activity.
🔄 Are there fees on the Margin Platform?
Yes. A 0.1% fee is charged both when entering and exiting a trade on the Margin Platform, in addition to the standard maker/taker fees.
💰 How does XCM use trading fees?
100% of fees are used to buy XCM from the market, and up to 50% may be vaulted to reduce the circulating supply.
📈 How can I lower my fees?
Increasing your Level by trading more or using the platform regularly reduces both maker and taker fees, and may even give you negative maker fees (earning rewards for liquidity). Learn more