Who are Taker and Maker
On the exchange
there are two types of transaction participants:
Taker and Maker.
Taker
Taker is the one who takes an already prepared offer from the market.
That is, he buys or sells immediately at the current price.
Example
You want to buy quickly
You click 'Buy at market'.
The trade executes instantly — you're a taker.
Maker
A maker is someone who creates their offer in the market.
He sets the price and waits for someone to agree.
Example
You want to buy
cheaper.
The price is currently $2000.
You're placing a buy order at $1900.
You're waiting.
If the price hits $1900 — the trade will execute.
You're a maker.
The main difference
Taker
• buys/sells instantly
• doesn't wait
• 'takes' liquidity
Maker
• sets their price
• waits
• 'creates' the market
Important point
On
the fee is usually:
• for the taker — higher
• for the maker — lower
Because the maker adds liquidity to the market.
Result
A taker is quick.
Being a maker is more profitable, but you need to wait.
