Maker vs. Taker Orders: What's the Difference?

When trading, you may come across the terms Maker and Taker orders. Here's what they mean:

Maker Orders

• What It Is: A Maker order adds liquidity to the Order book (market).
• How It Works: You place an order that isn't immediately matched but may be matched in the future, By not requesting immediate execution, you add supply to the marketplace.
• Why It Matters: You contribute to the order book by providing more buying or selling options for others.

Taker Orders

• What It Is: A Taker order removes liquidity from the market.
• How It Works: You match and fill an existing order from the order book instantly.
• Why It Matters: You quickly execute trades using available orders.

Fees on LATOKEN

Currently, LATOKEN charges the same fees for both Maker and Taker orders in spot trading.

Summary

• Maker: Adds liquidity, and waits for the order to be filled.
• Taker: Removes liquidity, and instantly fills an existing order.

 

 

Happy trading! 😊