Cryptocurrency Q&A
What is the difference between a taker and a maker in Binance?
What is the difference between a taker and a maker in Binance?
GwanghwamunGuardian
Thu Nov 28 2024
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6 answers
1524
I want to know the difference between a taker and a Maker in the context of Binance. I'm curious about their distinct roles and how they operate within the Binance platform.
6 answers
CharmedWhisper
Sat Nov 30 2024
Market makers are individuals or entities that create two-sided markets.
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Giuseppe
Sat Nov 30 2024
They facilitate trading by providing both buy and sell prices.
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Michele
Sat Nov 30 2024
In contrast, takers are traders who execute market orders.
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CryptoLodestar
Sat Nov 30 2024
These orders are executed at the prices set by market makers.
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Sofia
Fri Nov 29 2024
Takers who set market orders are required to pay taker fees.
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