The best way to save more on every transaction on Remitano Buy&Sell (P2P)

What are market makers and market takers

First, before we get into the "magical" trading method mentioned above, you should understand the basic elements of this market and your role in the cryptocurrency trading market.

On Remitano's buy and sell channel, you trade directly with other traders rather than the exchange. Therefore, the market is divided into two groups: makers and takers. Any market participant falls into at least one of these two categories.

So, what are makers and takers?

• Makers on Remitano are people who create advertisements to buy (maker-buyer) or sell (maker-seller). The goal is to sell or buy coins, so they create advertisements and then wait for interested traders to click and accept their offers.

• Takers are people who fill or accept classified ads placed by others (offers). A ''Taker-buyer'' purchases coins and selects the BUY NOW option or a seller from the Selling ads list. A ''Taker-seller'' sells coins and selects SELL NOW or a buyer from the Buying ads list.

So, have you figured out whether you're a maker or a taker on Remitano?

Let's look at the pros and cons of your trading experience as a maker or taker.

Pros and Cons of takers and makers

TAKERS

• Pros

  • Simplicity & Convenience: All you need to do is, click on the Buy ''NOW/SELL NOW'' button and follow the instructions to complete the transaction.
  • Quickness: Prompt responses to your buy/sell needs. More specifically, when you need to buy/sell, there's always someone readily available to trade with you.

• Cons:

  • Lack of initiative: You have the right to choose between offers with varying prices, but you cannot set your price for buying or selling.

MAKERS

• Pros:

  • Initiative: You have the power to determine the price at which you want to buy or sell.

• Cons:

  • Complexity: For newbies who have never traded on the exchange, the process of creating an ad may be more difficult than simply pressing a ''BUY NOW/SELL NOW'' button and following the instructions, because it requires you to fill in the information required to create exact ads.
  • Delay: Your buying/selling requirements will not be met right away. You may need to wait until interested traders (takers) to click and accept your offers.

You probably think that there are more benefits than drawbacks as a taker and vice versa as a maker. However, if you continue reading, we will show you how to overcome all of the disadvantages and make a higher profit from arbitrage if you are a maker.

Save more as a maker

This is most likely the section that piques your interest the most. So, first and foremost, let's talk about how you can save money on Remitano trading fees as a maker.

Maker-Taker fees

If you look at our trading fee, you'll notice that we charge 1% of the total transaction value, which is added to the displayed ad price. In other words, the advertised price already includes the trading fee and will be the final price that you (a taker) should pay (there are no additional fees).

Please refer to the example below for more details:

Your selling Advertisement

So, does the maker bear the transaction fee or not? The answer is NO.

Makers provide liquidity for a token's exchange and create a market for it. That said, we charge 0% for the maker.

That is the first advantage of being a maker on the Remitano exchange. The following section of this article will clearly show how to create an effective buy/sell advertisement to maximize your profit without waiting too long for your ad to be fulfilled.

Read more: Tips to create effective Buy&Sell (P2P) ads on Remitano

LEARN & EARN free DOGE!

Eligibility

• Only applied for users in Kenya, South Africa, Ghana, Venezuela, Tanza, Pakistan

• Only applied for users who have never created a Buying/Selling Ad.

• Period: 07/12/2021 to 31/12/2021

Simple game rules:

• Step 1: Correctly answer 3 questions related to the above article content.

• Step 2: Apply the knowledge you have read in the article, create a USDT Buying/Selling ad with the following requirements:

  • The “Maximum USDT amount” and “Amount of USDT” both must be greater than or equal to 50.

  

  • Your USDT Buying/Selling Ad is listed in the top 5 and you are not allowed to cancel the ad after creating (we will check on the system to make sure your ad is still working properly and is taken).

  

Learn how to create a Buying/Selling Ad

Take a note. Don't forget!

• The reward will be transferred directly into your Remitano wallet within one week after the program ends.

• The awardees are those who have answered all 3 questions correctly, and created the USDT Buying/Selling Ad according to the program's requirements.

• Each person is only allowed to answer the quiz once, if you answer many times, Remitano only records the first answer as valid.

• All bonus recipients must complete document verification to be eligible to receive the reward.

• To ensure fairness, Remitano reserves the right to strip players of their eligibility for prizes in the event of fraud.

• Remitano reserves the right to cancel or amend any Activity or Activity Rules at our sole discretion.