On the “Buy” and “Sell” column at Indodax.com, you will see terms like “Maker”, “Taker”, and “Stop Order” just like this:

Market Maker

"Maker" is an Indodax member just like you who sell and or buy Bitcoin at their own price, or in other words using the ‘Limit’ method. Let’s say the current Bitcoin price is 5.000.000 IDR/BTC. You want to buy about 100.000 IDR at the price of 4.000.000/BTC by entering it in the "Buy Bitcoin" box. When you click on the ‘BUY BITCOIN’, your buy order will be on pending until the bitcoin price fall to 4.000.000 IDR/BTC just like what you wanted before. The pending order will be recorded in the Order Book, and with that, you’ve become a market maker. The point is, to be a market maker, you just need to buy at the lower price from the lowest price in the selling market, and sell at a higher price from the highest price in the buying market.

The benefit you get when you become a market maker is that you don’t have to pay the transaction fee (0% fee) for your buy/sell order, and you can determine your own sell or buy price. but, the downside is, that you must wait until the bitcoin price move towards your determined price.

Market Taker

"Taker" or Instant Market is an Indodax member that buys or sells using the price that has been listed on the order book. the member that becomes a market taker usually is the member that used the "Market (Instant)" method. The benefit you get when you become a market taker is you can buy/sell bitcoins instantly, without the need to wait for your order to be fulfilled, because you just buy/sell from the price list that has already been created by the market maker. But you will be charged 0.3% (+0,21% processing fee) from your transaction for the transaction fee.

• • • Instant Market Method at Indodax.com. 
      

BUY

Enter the amount of Rupiah you want, then press the “Buy Bitcoin” button. 

SELL

Enter the number of Bitcoin you want to sell, then press the “Sell Bitcoin” button. 

Stop Order

The Stop Order* feature can help you with Stop Loss and Take Profit method according to your trading strategy. With this Stop Order* feature, you can trade without having to worry when crypto asset price drop or raise when you are not online on Indodax website. Please note that this feature currently only available on markets BTC, ACT, AOA, BCH, TRX, USDT, DOGE, ETH, XRP, XLM, WAVES. Your Buy and Sell transaction will only be executed if the last price reach your own price (Stop Price) and the order will be executed on instant market.

BUY CRYPTO ASSET

You can use the Stop Order feature by input total Rupiah and Stop Price in the Buy table. Your Buy transaction will only be executed if the last price raise to or above your Stop Price. 

 

• For example: BTC last price is 100.000.000 IDR and you want to buy with 5.000.000 IDR and Stop Price at 101.000.000 IDR. The transaction will only executed if the last price raise to or above 101.000.000 IDR/BTC, an order to buy BTC with 5.000.000 IDR will be executed as instant market.

SELL CRYPTO ASSET

• To use the Stop Loss feature, you can input the total amount digital asset and the Stop Price on the Sell column. The Buy transaction will be executed if  the BTC last price drop or below your Stop Price.
  
• Sell Example to Take Profit : Nina wants to buy BTC on 100,000,000 IDR, and the BTC last price is 102,000,000 IDR. To take the profit from BTC, Nina make a Stop Price on 101,000,000 IDR. Create the Stop Order on that price helps Nina to take profit according to her trading strategy. The Sell Stop Order will executed instantly if the BTC price drops to below 101,000,000 IDR.
• Sell Example for Stop Loss : Nina wants to buy BTC on 100,000,000 IDR and the BTC last price is 99,000,000 IDR. Nina makes a Stop Order on 98,000,000 IDR to anticipate and avoid huge loss. The Sell Stop Order will be executed instantly if the BTC price drops to below 98,000,000 IDR.