Difference between "Maker" and "Taker"

You may have already come across the terms "Maker" and "Taker" orders. In this guide, we will explain the difference between these two types of orders.

One key difference lies in the fees. Maker's fees are typically lower than those of takers. When you create a "Maker order," you contribute liquidity to the orderbook, meaning you place an order that may be matched in the future. By not requesting immediate execution, you add supply to the marketplace.

On the other hand, a "Taker" order consumes the orderbook liquidity by taking an existing order, hence the term "Taker."

At LATOKEN, there is currently no distinction in fees for spot trading between maker and taker orders.

By placing an order that won't be executed immediately, you act as a "maker," providing liquidity and waiting for someone to fill your order. Conversely, a "Taker" order is matched instantly with an existing order from the orderbook.