Cryptocurrency Q&A What is a maker fee taker?

What is a maker fee taker?

SeoulSerenitySeekerPeace SeoulSerenitySeekerPeace Sun Oct 06 2024 | 6 answers 1249
Could you please elaborate on the term "maker fee taker" in the context of cryptocurrency trading? I understand that it relates to fees associated with transactions, but I'm not quite clear on the specific distinction between a Maker and a taker in this scenario. Are these roles assigned to traders based on their actions, and if so, how do they impact the trading fees they pay? Additionally, could you provide an example to help clarify the concept? Thank you. What is a maker fee taker?

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