Maker and Taker are two different types of orders.
A Maker refers to a user who places an order (including buying or selling) far from the market price during a trade. If there is no matching order in the market, the order will hang on the order book waiting for other users to trade with it, also known as a liquidity provider. Simply put, a Maker is actually a person who uses limit orders to queue for a transaction, they provide market depth and are passively traded.
A Taker refers to a user who, during a trade order (including buying or selling), actively trades with the latest market price order immediately by looking at the existing order in the exchange's order book, also known as a liquidity consumer. Simply put, a Taker is actually a person who uses market orders to trade immediately, they consume market depth and are actively traded.
Both Makers and Takers need to pay corresponding fees in the trade, the specific rate can be found in the Spot Trading Fees and Perpetual Contract Trading Fees.
Overall, Maker orders are usually more cost-effective than Taker orders because the Maker's opening and closing rates are usually lower than the Taker's rates. This is also the reason why many traders prefer to only make Maker orders. However, if a Maker-only order's price is the same as the existing order's price, then the order will be cancelled because it no longer provides liquidity. Traders can choose the order type that suits them according to their needs and market conditions.
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