Topic: Bitfinex maker taker? (Read 2519 times)
You can't know for certain. You learn after the trade executes. CoinMKT operates under maker/taker as does BTCChina. It's a great way to reward liquidity providers.
Bitfinex has now changed their fees and takes different fees from makers and takers. https://www.bitfinex.com/pages/fees
I assumed that a maker is one who adds a bid or ask order which wont get filled by an already open ask or bid order. However today I placed an ask order which had no corresponding bid, but it was charged at the taker fee. Maybe it was filled by a hidden order?
How are we supposed to know with certainty that our order will be a taker or maker order?
I assumed that a maker is one who adds a bid or ask order which wont get filled by an already open ask or bid order. However today I placed an ask order which had no corresponding bid, but it was charged at the taker fee. Maybe it was filled by a hidden order?
How are we supposed to know with certainty that our order will be a taker or maker order?
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