We strive to make trading on the KickEX exchange even more accessible for users, so we decided to set zero trading fees on some transactions.
How have fees changed on KickEX?
|Maker fees||Taker fees|
You can read more about all fees on KickEX here.
How long will there be no maker fees?
There will be zero maker fees for three months — from August 25, 2020 at 11:00 am (UTC+3) to November 25, 2020 at 11:00 am (UTC+3).
Who are makers and takers — and what types of fees are there?
KickEX charges different fees depending on whether the exchange user increases or decreases liquidity.
Maker: this is a user who places a limit order — which is not executed immediately but rather when the asset reaches a certain price. A maker’s fee is charged to this user. Learn more about limit orders here.
Taker: this is a user who places a market order that is executed instantly. This user is charged a taker fee because he takes liquidity from the market. Read more about market orders here.
Liquidity: this is the availability of an asset at a stable price for buying and selling. The faster the asset can be sold at the closest asking price, the more liquidity there is.
When a user creates an order that must be filled at a certain price (limit order), liquidity is added to the market and a maker fee is charged to the user.
The trading fee on KickEX is charged to the user after the trade is executed. As soon as the order is executed, it determines which of the users participating in this transaction is the maker and who is the taker. After that, the user automatically pays a fee to the maker or taker, depending on whether they were the maker in the list of orders or the taker of an established order.
Zero fees for makers on KickEX will attract even more users and active traders to the exchange — and increase the profit from transactions made.