In the world of trading, every detail matters, and understanding the difference between Maker and Taker orders can be the line that separates a profitable trade from an unnecessarily high fee. These two categories define how you interact with the market and, most importantly, how much you pay for doing so.💸🫰
Maker Order Type
How do they work?
- You place a limit order that does not execute instantly (e.g., buying BTC at $108,300 when the price is $109,000). You provide liquidity to the market.
Taker order type
- You execute an order at the current market price (e.g., buying BTC at $108,300 directly). You take liquidity from the market.
Important fact:
This distinction is not just technical: in a high volume of trades, strategically choosing between being a Maker or Taker can save you hundreds or thousands of dollars a year.
Mastering this concept is an essential step to optimize your strategy and take control of your finances in the markets.