If you’re buying or selling crypto on Binance, you’ve likely seen the terms “Maker” and “Taker.” They sound technical, but understanding them can save you money — and help explain why your buy order might cost more than you thought.
Let’s break it down simply:
1. Market Order = Taker (You take liquidity)
A market order means:
“I want to buy (or sell) right now, at the best available price.”
You don’t choose the price. Binance instantly matches you with existing orders in the order book.
You’re a Taker, because you're taking someone else's offer that’s already there.
> Example: You click “Buy BTC” with a market order. The system finds a seller offering 0.1 BTC at $86,800 — and you get matched instantly.
2. Limit Order = Maker (You add liquidity)
With a limit order, you set the exact price you're willing to buy or sell at.
Your order goes into the order book and waits — until someone agrees to your price.
You’re a Maker, because you’re making offers available in the market.
> Example: You place a limit buy order for BTC at $86,200. It won’t fill immediately. It waits in the order book until a seller accepts that price.
3. Why Do You Sometimes Buy at a Higher Price Than Expected?
Let’s say the latest BTC price shows $86,700, and you place a market buy.
You might expect to buy at $86,700, but if the order book looks like this:
0.05 BTC at $86,800
0.1 BTC at $87,000
Then your market order gets filled from the top down — and you may end up paying $86,800 or $87,000, depending on how much BTC you're buying.
That’s called slippage — when the actual execution price is higher than expected due to limited liquidity at the target price.
> You're not being overcharged — you're just buying what’s available at that moment.
Quick Summary:
Market Order = Taker = Fast execution = Removes liquidity = Possible slippage
Limit Order = Maker = You wait for your price = Adds liquidity = More control
Takers usually pay slightly higher fees
Slippage is normal when there’s low volume or high volatility
Keanuleafes Team:
@KeanuLeafes @AlondraCrypto @Square-Creator-af406f659771 @VERIFYLINK @prince BV07 @Elex Rocks
Pro Tip:
If you're patient and want more control over your price — especially in a fast-moving market — use a limit order.
