Coindelta — Trade cryptocurrencies at zero fee.
Have you ever wished for not paying any trading fee?
Coindelta grants your wish and removes the trading fee for makers.
We are glad to announce that soon, you will be able to buy and sell cryptocurrencies in India at zero fee. Our main focus now shifts to bringing in more users and adding more coins to the platform.
From 14 Oct 2017 12:00 AM, traders will be able to buy and sell cryptocurrencies on Coindelta with 0 fee.
Following are the rules which will get effective from Oct 14 2017, 12:00 AM:
1. Maker’s fee — 0 %
2. Taker’s fee — 0.3 %
For those who are new to this concept, the maker and the taker orders can be explained as:
Maker Order: A maker order in a trade is the existing order in the orderbook. i.e. when an order is not filled instantly then it is a maker order.
In other words, if you quote the price lower than the best ask price (in case of a buyer) or higher than the best bid price (in case of a seller), then you become a maker.
Maker orders can only be placed from the Limit section on Coindelta market page.
Taker Order: A taker order in a trade is the order that settles an existing order from the orderbook. i.e. when an order is filled instantly then it is a taker order.
In other words, if you quote the price higher than the best ask price (in case of a buyer) or lower than the best bid price (in case of a seller), then you become a taker.
All the orders placed from the Market section on Coindelta are treated as Taker Orders. Taker orders can be placed from the Limit section on Coindelta market page when price entered meets the matching criteria for an existing order.
We want our users to benefit from each step that we take, we want them to grow as the platform grows. We feel that the new structure will have the following impacts on the platform:
- The new fee structure will help makers in getting more profits from the bid-ask gap available on the orderbook.
- The increased competition among makers will help in creating fair markets with smaller gap in the ask and the bid prices.
- The takers will be able to get better price and volume on both buy and sell trades.
This is essential in our mission to make Coindelta the most trusted, safe, and easy-to-use digital exchange with no hurdle in moving towards our vision of bringing India closer to Blockchain. We value the opinion of our community and want them to enjoy the trading while we provide them with the best platform to do so. Be a part of the project by joining our telegram community.
Also, we have released tutorials on how to start using platform.
Stay tuned for more announcements!
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