INR Deposits and Withdraws are Live Now! Coindelta Wallet

What is an Order-book and How is a maker and a taker decided?

Orderbook

An orderbook is a list of total buy and sell volume available at each price level. All orders in an orderbook are unfilled orders and these orders act as an existing market for all new orders.

Whenever a new order is placed it can be executed in two ways:

  • It can be executed instantly. This order will be marked as a Taker Order.

For example:

Best Ask in this orderbook is at Rs. 34.55 and Best Bid is at Rs. 33.90

  • A buy order for 100 XRP at Price 35 INR/XRP (>=34.55 INR ) in the below orderbook will be marked as a Taker Order.

  • A sell order for 100 XRP at Price 33 INR/XRP (<=33.90) in the below orderbook will be marked as a Taker Order.

  • It will be added to orderbook as an unfilled order. This order will be marked as a Maker Order.

For example:

Best Ask in this orderbook is at Rs. 34.55 and Best Bid is at Rs. 33.90

  • A buy order for 200 XRP at Price 34 INR/XRP (<34.55) in this orderbook will be marked as a Maker Order.

  • A sell order for 2 BTC at Price 34.25 INR/XRP (>33.90) in this orderbook will be marked as a Maker Order.

To promote increasing liquidity we charge 0.15% fees for maker orders and 0.15% fees for taker orders. Fee will be deducted from the currency that you have received in that order.