RE: Top 5 things I have learned from trading as a noobie to becoming an amateur using Bitshares & Poloniex
I don't see anything contradicting that statement. The only thing I can see that all of you are referencing to is this
Being a market maker provides liquidity to the market, so therefore there are smaller fees or no fees if you are a market maker.
^Which is a true statement! The reason I said that it could be no fees is because since I haven't tried all exchanges I don't know if the fees are always the same for every single one.
But then I go on to say this
A taker will always have larger fees because they are taking away from the market. With Poloniex there is a 25% fee for market takers and a 15% fee for market makers.
So I actually did say the same thing as you did, but none the less I appreciate your tip!
The real question that has gone unanswered is, are the maker/taker fees always the same on every exchange platform? I know that taker is always higher and maker is always lower but does the percentage vary?
a 25% fee for market takers and a 15% fee for market makers.
0.25% ... not 25%
0.15% --- not 15%
big difference
Oh shit, my noobie eye totally didn't see that; Even after you pointed that out! I knew that but for some reason I couldn't see my type. Thanks for taking the time to explain that in a very specific way, I edited my post now :p
Yeah a 15-25% fee would be ridiculous! That would be as bad as government taxes!