Taker Fee
The fee charged when your order removes liquidity by filling immediately against the book.
A market order, or a limit order that executes on placement, takes liquidity that was already sitting there. Exchanges charge takers more than makers because they consume depth rather than add it.
On most venues the gap is small, often a fraction of a percent, but for a high-volume trader it adds up fast. Fee tiers usually drop as your 30-day volume climbs.
Related terms
The fee charged when your order adds liquidity to the book by resting until someone fills it.
Market OrderAn instruction to buy or sell immediately at the best price currently available in the market.
Order BookA live, ranked list of all outstanding buy and sell orders for an asset on an exchange.
High-Frequency Trading (HFT)Automated trading that uses speed and algorithms to execute huge numbers of orders in microseconds.