When trading in BingX Spot, there are two roles involved:
Makers, also known as liquidity providers, are users who place limit orders (buy or sell) that are away from the market price. If there are no matching orders available, their orders will remain on the order book, waiting for other users to trade against them.
In simpler terms, Makers are individuals or firms who place limit orders that go on the order book. They add volume to the order book to provide market depth and passively wait for execution.
Takers, also known as liquidity consumers, are users who place orders (buy or sell) to match existing orders on the order book at the current market price.
In simpler terms, Takers are individuals or firms who place market orders and consume the existing market liquidity by immediate execution.
Both Makers and Takers are subject to corresponding trading fees. For specific Spot fees: https://bingx.com/en-us/support/costs/
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Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
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