What are maker and taker fees

what are maker and taker fees

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For that, takers pay a taker fees apply [for example immediately, you pay a taker.

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Binance Trading Fees Explained... Complete Guide To Trading Fees On Binance
The maker and taker model is a way to differentiate fees between trade orders that provide liquidity ("maker orders") and take away liquidity ("taker orders"). Makers �create or make a market� by adding orders for other traders to take. An order is charged the ?maker? fee if the order is not matched immediately against an order already on the order book. Takers remove liquidity by �taking� available orders that are filled immediately (and are charged a taker fee). In crypto, maker fees are charged when liquidity is added to a market (limit orders); taker fees are charged when liquidity is taken away (market orders).
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Denver cryptocurrency exchange

Many centralized cryptocurrency exchanges like Kraken and Binance divide their trading fees into two categories: maker fees and taker fees. These orders add volume to the order book, help to make the market, and are therefore termed makers for any subsequent trades. As traders buy and sell from this pool, you earn fees!