Trading & Pricing

Taker

Trader who hits an existing orderbook offer — pays higher fee, gets instant fill

Category: Trading & Pricing Also known as: 4 Related terms: 2

Definition

Trader removing liquidity from the orderbook (market order or aggressive limit). Pays higher "taker fee" (~0.1-0.4%) than a "maker" who adds liquidity (~0.0-0.2%). Most retail trading is taker. Whale exchange-inflows often signal taker-sells coming.

Context anchor

Binance taker fee 0.10%, maker 0.10%; Kraken taker 0.40%, maker 0.25% (retail tier)

Example

A market buy = taker order — eats existing orderbook liquidity

Also known as

takertaker ordermarket takertaker fee