The trading fees associated with a market order are called taker fees, whereas the trading fees associated with limit orders are called maker fees.
Fees are taken from the currency being purchased.
For example, if you buy 2 BSV at a price of 90 USDC and you place a limit order, your fee will be 0.40% of 2 BSV, which would be 0.008 BSV. If the order were a market order, the fees would be 0.60% of 2 BSV, which would be 0.012 BSV.
Conversely, if you were selling 2 BSV at a price of 90 USDC and you placed a limit order, your fee would be 0.40% of 180 USDC, which would be 0.72 USDC. If the order were a market order, the fees would be 0.60% of 180 USDC, which would be 1.08 USDC.
RockWallet PRO - trading fee breakdown
|
Taker Fee |
Maker Fee |
|
0.60% |
0.40% |