What are Maker and Taker Fee in buyucoin?

BuyUCoin, operates on a maker-taker fee structure, providing different trading fees to makers and takers. Maker fees on BuyUCoin are generally lower than taker fees. 

 The Maker fees on BuyUCoin is 0.24%, whereas the Taker fee is 0.24%

• You become a "Maker" when you place an order, and it does not trade immediately, so your order stays in the order book and waits for someone else to fill/match with it later. 

• The "Taker" is someone who decides to place an order that is instantly matched with an existing order on the order book.

(*Trades from Market orders are always Takers, as Market orders can never go on the order book.) 

Trading fees on BuyUCoin are paid once the trade executes. 

When your order fills/trades, it is defined as either the "maker" or the "taker" of that trade. 

You will then pay either the maker or taker fees depending on whether or not you were the maker, the order on the book, or the taker, the incoming order.