L'INFORMATEUR CRYPTOHome › Glossary › Taker and maker
Taker and maker: definition
A taker executes a market order and consumes liquidity; a maker places a limit order that waits in the book and provides liquidity.
Definition
A maker places a limit order (for example “I buy at $80,000”) that sits in the order book. A taker executes immediately against those orders, at the best available price. Taker fees are usually higher.
Why it matters
Takers are the ones moving the price. The ratio between taker buys and sells (and CVD, which accumulates them) shows which side is aggressive.
Frequently asked questions
Is it better to be a maker or a taker?
The maker pays lower fees but isn't sure to be filled; the taker is filled immediately but pays more. On a stop loss, you accept being a taker to exit for sure.