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What is a pending order (Maker) on the Icoin Exchange? What is a Taker?

2025-07-29 10:09:05
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Icoin Exchange is a very young digital currency exchange. Its software is committed to creating an open and secure trading environment for user names. Relying on its own strong funds and strong technical capabilities, users can safely conduct transactions here. During the transaction process, friends often see two different results: Maker and Takeer. So what does this mean? Let Xiaobian tell you now.

1. Definitions of Maker and Taker

Pending Maker:

Your limit order is not immediately closed, but enters the order (order book) to wait for the closing.

Provides liquidity and helps better market depth.

Maker usually has lower fees on traditional exchanges, but the fees are the same on iCoin.

Take order:

Your order (limit or market price) is immediately traded against the existing pending order.

Consumes liquidity and directly matches orders on the market.

On most exchanges, Taker fees are higher, but iCoin does not distinguish.

2. iCoin Fee Rules

Whether Maker or Taker, the fee rate is the same.

For example:

If you place a limit order and become a Maker(pending order), the handling fee = X%.

If you place a limit order and close the deal immediately, the handling fee is also = X%.

The handling fee for a market order (must be a Taker) is also X%.

3. Why does iCoin not distinguish between Maker/Taker fees?

Simplify the transaction experience: Users do not need to consider whether to hold orders or take orders, and the handling fee is the same.

Suitable for high-frequency traders: You will not pay higher fees because you take orders frequently.

Fairness: Whether liquidity is provided or consumed, the cost is the same.

4. How to optimize trading strategies?

Although the handling fees are the same, there are still strategic differences:

Pending orders (Maker):

Suitable for traders who are not in a hurry to trade, you can set an ideal price and wait for market fluctuations.

You may get a better deal price (if the market moves in your direction).

Taker:

Suitable for quick transactions and avoid slipping points (market orders) or grabbing orders (limit orders).

In fierce markets, it can ensure timely entry and exit.

5. Summary

iCoin does not distinguish between Maker/Taker handling fees, and both rates are the same.

Maker = Provides liquidity and waits for a transaction.

Take-out = immediate transaction consumes liquidity.

Trading strategy: Choose pending orders or taking orders according to market conditions, but there is no difference in handling fee costs.

Disclaimer:

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