In crypto trading, a taker fee is a fee charged by a cryptocurrency exchange to a user who places an order that is filled immediately, taking liquidity from the exchange’s order book.
A taker fee is charged to the user because their order is “taking” liquidity from the exchange’s order book, as opposed to a maker order which provides liquidity to the order book. Maker orders are usually charged lower fees or sometimes even offered rebates by the exchange, as they help to increase liquidity on the exchange.
The taker fee is usually higher than the maker fee, as the exchange is compensating for the immediate execution of the order and the resulting loss of liquidity. The specific taker fee charged by an exchange can vary depending on the exchange’s fee structure and the volume of trades executed by the user.
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