HitBTC employs maker-taker model with the purpose of maximizing liquidity and narrowing the spread on our markets as well as encouraging the "makers".
"Takers" are charged with 0.1% fee from the trade.
"Makers" are not charged with a fee. On the contrary, they receive a 0.01% rebate from the trade.
In maker-taker model the "taker" is a trader who removes the liquidity from the book by placing an order that matches immediately with an existing order on the book. Taker pays the fee from the committed trade.
The "maker" is a trader who provides liquidity to the order book by placing a limit order below the best ask price for buy and above the best bid price for sell.
Rebate is a reward that HitBTC pays to the "maker" for providing liquidity to a market. It consists of a percentage of the fee that the exchange receives for the executed order. In other words, if a trade outside of the immediate market price is matched, we incentivize the traders who placed the order by giving them 0.01% value of the deal. For such traders no fee is charged.Example:
If current sell price for BTC is 10,000 USDT and you place a buy order at 10,000 USDT, your order will be executed immediately. In this case you will be charged taker fee of 0.1%.
If current sell price for BTC is 10,000 USDT and you place a limit buy order at 9,950 USDT, you will get 0.01% rebate from the trade and won’t pay any fees to the exchange.