HitBTC employs the “maker-taker” model with the purpose of maximizing liquidity and narrowing the spread on cryptocurrency markets. With our system, “makers” are encouraged to keep adding liquidity to the market.
The chief aim of maker-taker fees is to stimulate trading activity within an exchange by extending the incentive to post orders and facilitating trading.
On HitBTC, "Takers" are charged fees according to Trading Fee Tier.
In our 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. The 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 the buy and above the best bid price for the sell.
A Rebate is a reward that HitBTC pays to the "maker" for providing liquidity to a market while charging customers who take that liquidity. In other words, if a trade outside of the immediate market price is matched, we may incentivize the traders who placed the order.
Bottom line: we at HitBTC are always trying to enhance your experience with our platform, and we aim to facilitate your trading process by providing greater liquidity.