A clear guide to exchange fees, order types, examples, and cost-saving strategies.
maker & taker fees
What
Maker Fees
Mean
Maker fees apply when an order adds liquidity to the book. In most cases this means a limit order rests first instead of filling immediately. Exchanges reward that behavior with lower fees because deeper books support better trading conditions.
Why
Taker Fees
Cost More
Taker fees apply when an order removes existing liquidity and executes right away. Market orders often fall into this category. Traders pay more for immediacy, faster fills, and the convenience of using the liquidity already available.
key takeaways
Lower Fees
Using patient limit orders can reduce trading costs over time because maker pricing is commonly lower than taker pricing on many exchanges.
Faster Fills
Taker orders can be worth the extra cost when speed matters, but traders should compare urgency, slippage, and fee impact before executing.