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What is Market Maker and Market Taker Order?

In the cryptocurrency market, two of the most common terms users encounter are maker and taker. These terms describe a trader’s impact on the market’s liquidity, meaning their contribution to or removal of available funds in the order book. Simply put, if a user adds liquidity, they are a maker; if they remove liquidity, they are a taker.
 

What Is a Maker Maker?

A maker maker is an order that provides liquidity to the crypto market and adds a new entry to the order book. These orders usually do not execute immediately and remain in the order book for a while, helping to maintain the balance of buy and sell orders.
Maker orders typically limit orders, as users want to trade at a specific price level. This increases market depth and helps stabilize prices. Because makers contribute to the market’s efficiency, they often benefit from lower trading fees.
Example:
If a user places a sell order for Bitcoin at 90,000 USDT and it does not execute immediately, that order is added to the order book. In this case, the user is considered a maker.
Makers are generally participants who are always willing to buy or sell assets. However, during periods of high volatility, some market makers may temporarily withdraw and stop placing new orders, which can affect overall market liquidity.
 

What Is a Market Taker?

A market taker is an order that is matched immediately with an existing maker order in the market. This order type is usually placed as a market order, allowing the user to execute the trade instantly. Since taker orders consume existing liquidity, they are referred to as takers.
Takers usually pay higher fees, as their trades are executed immediately and reduce available liquidity.
Example:
If a user wants to buy Bitcoin at the current market price (e.g., 90,000 USDT) and executes the trade instantly, this is a taker order.
 

How Does CoinTR’s Maker-Taker Fee Model Work?

CoinTR determines trading fees using the Maker-Taker fee model. This model ensures a fair balance between users who add liquidity (makers) and those who remove liquidity (takers).
  • Taker Orders:
If your order is executed immediately, without waiting in the order book, you are considered a taker. On CoinTR, the standard taker fee rate is 0.120%.
  • Maker Orders:
If your order is not matched immediately and remains in the order book, you are a maker. The standard maker fee rate is 0.100%.
  • Partial Match Situations:
If part of your order is executed instantly while the rest remains in the order book, both fee types apply. The executed portion is charged the taker fee, while the remaining portion incurs the maker fee once it is filled.
Through this model, CoinTR enhances market liquidity and provides users with more competitive trading fees.
 

How Do VIP Levels Affect Fees?

CoinTR users can benefit from lower commission rates through VIP levels determined by their trading volume. As your VIP level increases, both maker and taker fee rates decrease. To view the current VIP rates, please visit the VIP Info page on the CoinTR website.
 

In Summary

  • Maker: Adds liquidity to the market and usually pays a lower fee.
  • Taker: Removes liquidity from the market and typically pays a higher fee.
  • CoinTR offers a transparent and competitive maker-taker model to ensure a fair trading experience for all users.
If you have further questions, please contact the CoinTR Support Team at support@cointr.com.
Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.