When trading on Echobit Spot, there are two roles: Makers and Takers.
Makers
The 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
The 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.
Echobit Official Channels
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Risk Disclaimer
Cryptocurrency investments are subject to high market risk and price volatility. You should only invest in products that you are familiar with and fully understand the associated risks.
Before making any investment decisions, please carefully assess your investment experience, financial situation, investment objectives, and risk tolerance, and consider seeking advice from an independent financial advisor.
The information provided in this document is for informational purposes only and should not be considered financial, investment, or trading advice. Past performance is not indicative of future results. The value of your investments may fluctuate, and you may lose part or all of your invested capital.
You are solely responsible for your investment decisions. Echobit shall not be liable for any losses or damages arising from your investment activities.