What Do "Maker" and "Taker" Mean? December 11, 2021 00:46 Updated Taker Taker trades are when you place an order that trades immediately, by filling partially or fully, before going on the order book. Trades from Market Orders are always takers, as Market orders can never go on the order book. These trades are "taking" volume off of the order book, and therefore called the "taker." Limit IOC and Limit FOK orders (accessible via the API) are also always takers. Maker When you place an order that goes on the order book partially or fully (such as a Limit Order placed via the trading screen on Binance.US), any subsequent trades coming from that order will be as a “maker." These orders add volume to the order book, helping to "make the market," and are therefore termed the "maker" for any subsequent trades. Note: It is possible for a Limit GTC order (accessible via the API) to have traded as the taker and maker. How much are Maker vs. Taker Fees? Fees for Maker and Taker transactions will vary depending on your 30-day trade volume, and can be seen on the Binance.US Fee Schedule. Download the Binance.US app to trade on the go: iOS | Android Follow us on social media to stay up to date with Binance.US news and announcements: Telegram Twitter Facebook Instagram LinkedIn Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; and (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice, we make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof. Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in a significant loss. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies. Please refer to our Terms of Use for more information. Related articles How to Trade on Binance.US Using BNB to Pay for Fees Daily BNB Balance Calculation Mechanism List of Supported Assets Why Can't I Withdraw or Trade?
