Market Takers accept orders placed (to execute a buy or sell at the quoted price). This is the basic settlement of market trading: someone Maker an offer, and someone else Taker it
If we look at the store analogy, then surely we put inventory on the shelf for someone to come and buy it. Suppose someone is a taker. Instead of taking cans of nuts from the store, they eat the liquidity we provide.
Think about it: by placing offers in the order book, we can increase the liquidity of the exchange because it makes it easier for users to buy or sell. On the other hand, takers remove some of that liquidity. with a market order – an instruction to buy or sell at the current market price. When they do this, the order in the order book is filled immediately.
If we have ever placed a market order or other cryptocurrency exchange for trading, let’s say we have acted as takers. But note that we can also be takers using limit orders. The problem is: we are takers every time we fulfill someone else’s order.
Many exchanges generate the bulk of their revenue by charging trading fees for matched users. This means that every time we place an order and it is executed, we pay a small fee. However, these amounts differ from exchange to exchange, and may also vary depending on the size and role of our trade.
In many cases, takers pay higher fees than makers, because they don’t provide liquidity like makers do. As mentioned, the maker-taker fee structure depends on the platform. For example, we can see the maker-taker price difference for Indodax on the available page of the app.