Glossary entry
Maker/Taker Fees
Trading & MarketsThe two-tier fee structure most exchanges use: lower fees for orders that add liquidity (maker), higher for orders that take it (taker).
Definition
Most exchanges charge different fees depending on whether your order adds liquidity to the order book or removes it. A maker order (e.g. a limit order that doesn't execute immediately) sits on the book waiting to be filled, adding liquidity — and is usually charged a lower fee, since it helps other traders find a counterparty. A taker order (e.g. a market order) executes immediately against existing orders, removing liquidity, and typically pays a higher fee. Trading volume over time often unlocks lower fee tiers on both sides, which is worth checking before choosing where to trade actively.
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