Taker

Beginner

更新済 Sep 30, 2026

What Is a Taker?

A taker is a trader who places an order that executes immediately against existing orders on the order book, removing liquidity from the market.

When a trader submits a market or limit order that matches with a resting order, they act as a taker. Instead of waiting for someone else to match with their order, the taker takes liquidity by filling an existing order placed by another participant. The counterpart to the taker is the maker, whose resting order adds liquidity to the book.

How Taker Orders Work

In any exchange environment, the order book displays all open buy and sell orders for a trading pair. Orders that sit on the book waiting to be matched are called maker orders because they add liquidity. Taker orders do the opposite: they remove liquidity by matching with those resting orders immediately.

The most common type of taker order is a market order, which buys or sells at the best available price. A limit order can also become a taker order if the specified price crosses the bid-ask spread and matches an existing order right away. For example, if the best ask for a token is $100 and a trader places a buy limit at $101, the order fills instantly and functions as a taker order.

Takers typically prioritize speed over price precision. They want to enter or exit a position quickly, and they are willing to accept the current market price to do so. This is different from makers, who are willing to wait for a better price and provide liquidity in the meantime.

Taker Fees and Liquidity

Most cryptocurrency exchanges use a fee structure that distinguishes between makers and takers. Taker fees are generally higher than maker fees because takers consume liquidity rather than provide it.

As of 2026, several exchanges offer zero-maker-fee promotions on selected markets, which makes taker fees the primary execution cost for many traders. Exact amounts vary by exchange, trading pair, and volume tier, but the principle is consistent: removing liquidity typically costs more than adding it.

Binance Spot Fees and Transactions Overview

This fee model encourages traders to provide liquidity when possible, which can lead to tighter spreads and a more efficient market. Traders who frequently place market orders or urgent limit orders should be aware that taker fees can add up over time, especially in high-frequency trading strategies.

Learn more: Market Makers and Market Takers Explained

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