Transactions you make in the crypto markets are classified as either a Maker or a Taker, depending on the order type you choose.
💡 What is a Maker?
A Maker is a user who provides liquidity to the market by placing an order that does not execute immediately, but instead waits in the order book.
How it works: When you place a Limit Order at a price different from the current market price and your order waits in the book, you become a Maker.
Cost: Since Makers provide liquidity to the exchange, they generally benefit from lower fee rates.
âš¡ What is a Taker?
A Taker is a user who removes liquidity from the market by instantly matching an existing order already waiting in the order book.
How it works: When you do not want to wait and place a Market Order at the current market price, your transaction executes instantly and you become a Taker.
Cost: In exchange for completing the transaction instantly, Takers generally pay standard or higher fee rates.
To review our current trading fees, please visit our Fee Schedule page.