So, you only have to do 144 Million dollars in trades to not pay maker fees like some other exchanges.
I think it is not possible for me to achieve that.
Topic: New feature of POloniex , maker-taker fee schedule. (Read 1586 times)
I think it is not possible for me to achieve that.
So, you only have to do 144 Million dollars in trades to not pay maker fees like some other exchanges.
It s a nice feature to foster trade on Polo but in reality I dont think it ll have any major effect.
It might encourage people to set up buy and sell orders when they normally wouldn't have. I guess patient traders are happy to do the maker role. But people doing momentum trading will stick to the taker fees for fear of missing a big move.
It has only encourage me to move my funds out. I only started trading there because of the high volume. But your right, ill set up buys and sell back on Bittrex.
For me, I am patient and can always set up a order just a few notches above the buy orders to buy and save fees.
It s a nice feature to foster trade on Polo but in reality I dont think it ll have any major effect.
It might encourage people to set up buy and sell orders when they normally wouldn't have. I guess patient traders are happy to do the maker role. But people doing momentum trading will stick to the taker fees for fear of missing a big move.
It has only encourage me to move my funds out. I only started trading there because of the high volume. But your right, ill set up buys and sell back on Bittrex.
It s a nice feature to foster trade on Polo but in reality I dont think it ll have any major effect.
It might encourage people to set up buy and sell orders when they normally wouldn't have. I guess patient traders are happy to do the maker role. But people doing momentum trading will stick to the taker fees for fear of missing a big move.
Is it me or is over all volume down because of this.
It s a nice feature to foster trade on Polo but in reality I dont think it ll have any major effect.
I agree, I think at best it's a trivial change.
The maker/taker schedule will make the Ethereum market much more liquid. So the price of Ethereum might rise in the future.
share an article http://coinour.com/index.php/poloniex-lowers-the-fees-for-high-volume-traders-march-10-2016/
Most of the users are only qualified 0.15 / 0.25 BTC! never mind at least the fees is reduced 25% if we are a maker!
Most of the users are only qualified 0.15 / 0.25 BTC! never mind at least the fees is reduced 25% if we are a maker!
So from now on, I will be a market maker. So I can put my buy price 0.0000001 below the selling price and somebody sell it to me, am i qualified as a maker>
share an article http://coinour.com/index.php/poloniex-lowers-the-fees-for-high-volume-traders-march-10-2016/
Most of the users are only qualified 0.15 / 0.25 BTC! never mind at least the fees is reduced 25% if we are a maker!
Most of the users are only qualified 0.15 / 0.25 BTC! never mind at least the fees is reduced 25% if we are a maker!
0.14% 0.24% ≥ 600 BTC
In order to qualify the 0.24 fee, we have to trade on average 20 bitcoins a day. Not many people can reach that level.
In order to qualify the 0.24 fee, we have to trade on average 20 bitcoins a day. Not many people can reach that level.
It s a nice feature to foster trade on Polo but in reality I dont think it ll have any major effect.
im trader at Poloniex, but my volume under 200btc/month i think this feature very usefull for me 
i can use maker feature to get higher profit
i can use maker feature to get higher profit
The people with higher volume will always be able to afford to sell a little cheaper than you and buy a little higher than you, because they're doing it cheaper than you.
Not many people will be doing 24,000 BTC per month at Poloniex, but they have been totaling over a million BTC per month (over half of it Ethereum) so there must be a few people who qualify.
Effective March 20, 2016
This table applies to both spot and margin trading.
im trader at Poloniex, but my volume under 200btc/month i think this feature very usefull for me
i can use maker feature to get higher profit
Quote
In order to encourage robust liquidity and tighter spreads in our markets, Poloniex will be moving to a volume-tiered, maker-taker fee schedule. All users will be moved to the new model on March 20, 2016, but if you prefer to get started with the new fee schedule sooner, you may opt in now.
What Does Maker-Taker Mean?
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or "takes") the maker's order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers' orders with their own.
The maker-taker model encourages market liquidity by rewarding the makers of that liquidity with a fee discount. It also results in a tighter market spread due to the increased incentive for makers to outbid each other. The higher fee that the taker pays is usually offset by the better prices this tighter spread provides.
What Are the New Fees?
Every 24 hours, we will calculate the last 30 days of trading volume on your account and dynamically adjust your fees according to the following schedule:
Maker Taker Trade Volume (trailing 30 day avg)
0.15% 0.25% < 600 BTC
0.14% 0.24% ≥ 600 BTC
0.12% 0.22% ≥ 1,200 BTC
0.10% 0.20% ≥ 2,400 BTC
0.08% 0.16% ≥ 6,000 BTC
0.05% 0.14% ≥ 12,000 BTC
0.02% 0.12% ≥ 18,000 BTC
0.00% 0.10% ≥ 24,000 BTC
What Does Maker-Taker Mean?
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or "takes") the maker's order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers' orders with their own.
The maker-taker model encourages market liquidity by rewarding the makers of that liquidity with a fee discount. It also results in a tighter market spread due to the increased incentive for makers to outbid each other. The higher fee that the taker pays is usually offset by the better prices this tighter spread provides.
What Are the New Fees?
Every 24 hours, we will calculate the last 30 days of trading volume on your account and dynamically adjust your fees according to the following schedule:
Maker Taker Trade Volume (trailing 30 day avg)
0.15% 0.25% < 600 BTC
0.14% 0.24% ≥ 600 BTC
0.12% 0.22% ≥ 1,200 BTC
0.10% 0.20% ≥ 2,400 BTC
0.08% 0.16% ≥ 6,000 BTC
0.05% 0.14% ≥ 12,000 BTC
0.02% 0.12% ≥ 18,000 BTC
0.00% 0.10% ≥ 24,000 BTC
This table applies to both spot and margin trading.
im trader at Poloniex, but my volume under 200btc/month i think this feature very usefull for me
i can use maker feature to get higher profit
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