In a crypto exchange, maker fees and taker fees are charges applied to users based on their trading activity.
When you place an order that adds liquidity to the order book, such as a limit order that doesn’t get filled immediately, you are a ‘maker’. Makers help create a market by providing buy-or-sell orders that other traders can match.
You are a ‘taker’, when you place an order that matches an existing order on the order book. Takers remove liquidity by completing trades against makers’ orders. A limit order that doesn’t get filled immediately is a ‘maker’.
Makers help create a market by providing buy-or-sell orders that other traders can match. On the other hand, when you place an order that matches an existing order on the order book, you are a ‘taker’. Takers remove liquidity by completing trades against makers’ orders.
