<p>A maker fee is when you create an order on the order book (this could be a buy or a sell) and someone else completes it, therefore you pay no fees and get the amount paid. The one that completed your order pays the fee.</p>

<p>The other way around, if you sell into a order already posted, you pay the fee, and they do not.</p>

<p>Maker fee refers to the fee it costs when you complete the order, and you are the one who posted the order. In this case, it is 0</p>

<p>Taker fee is when you complete someone else's order, in which in your case, its currently .3% of the total order value.</p>

CC BY-SA 3.0
2017-07-02T19:47:58.983Z
https://docs.gdax.com/#fees          Also, it explains it in the documention very nicely. Take a look.
TrevorKS
CC BY-SA 3.0
2017-07-02T19:45:58.993Z
2017-07-02T20:48:09.760Z
2017-07-02T20:48:09.760Z
TrevorKS
<p>A TAKER is when you place an order at the market price that gets filled immediately, you are considered a taker and you will pay a fee for books.</p>

<p>A MAKER is when you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, your fee will be 0% and you are considered the maker.</p>

<p>You will pay a taker fee when you place an order that gets partially matched immediately. The remainder of the order is placed on the order book and, when matched, is considered a maker order. The fee is 0% for that part of the total order.</p>

<p><strong>Example:</strong></p>

<p>Let's look at the following example:</p>

<p>ORDER BOOK</p>

<ol>
<li>Peter <em>sell</em> 1 BTC at $100</li>
<li>Claire <em>sell</em> 1 BTC at $90</li>
<li>Dave <em>buy</em> 1 BTC at $95</li>
<li>Helen <em>buy</em> 1 BTC at $85</li>
</ol>

<p>If we add a <em>buy</em> order at $100, it will immediately match the order No. 1 and No. 2. We are a <strong>taker</strong> and we will pay a taker fee.</p>

<p>If we add a <em>sell</em> order at $95 or less, it will match right away the order No. 3, and we are the <strong>taker</strong>.</p>

<p>If we add a <em>buy</em> order at $91 it will not match any order at the moment, and we will be a <strong>maker</strong> and we will pay a maker fee, whether there is any (it will probably be 0).</p>

<p>If we add a <em>sell</em> order at $99 for a BTC, it will not match any order at the moment, and we will be a <strong>maker</strong> (it will probably be 0).</p>

CC BY-SA 3.0
2018-01-02T21:00:34.590Z
2018-04-06T07:53:26.703Z
2018-04-06T07:53:26.703Z
Joe
<p><strong>First know who is maker and who is taker?</strong></p>

<p>If you place an order above the current ticker price for selling or below the current ticker price for buying, you add liquidity to the market and you thus act as <strong>maker</strong>. In this case you have to pay maker fee.</p>

<p>If you want to fill your order at the current market price, you are taking liquidity from the market and you thus act as a <strong>taker</strong>. In this case you have to pay taker fee.</p>

<p>Usually taker fee will be higher than maker fee.</p>

CC BY-SA 3.0
2018-01-16T08:23:51.063Z
2018-01-16T08:23:51.063Z
LearningTurtle
<p>When a market charges taker and maker fees, they differentiate whether you're increasing the size of the order book or decreasing the size of the order book.</p>
<p>When you create an order that is immediately matched with already existing orders, you're a <em>taker</em> because you take liquidity from the market. When you add an order that doesn't match existing offers, you add liquidity to the market and are charged a <em>maker</em> fee.</p>
<p>For example given the following orderbook:</p>
<ul>
<li><p>Alice sell 1 BTC at $1000</p>
</li>
<li><p>Bob  sell 1 BTC at $995</p>
</li>
<li><p>Charlie buy 1 BTC at $990</p>
</li>
<li><p>Dave buy 1 BTC at $985</p>
</li>
</ul>
<p>If you add a buy order at $1000 for 2 BTC, you will immediately match the offers of Alice and Bob. You're a <em>taker</em>.</p>
<p>If you add a buy order at $993 it doesn't get matched and you're a <em>maker</em>.</p>
<hr />
<p>In your case, both suggested prices for your sell order are higher than any buy offers, so you'd only pay the maker fee of 0%.</p>

CC BY-SA 3.0
2017-08-11T17:52:53.083Z
do you have to pay only on entering the trade? or on exit as well?
ycomp
CC BY-SA 3.0
2017-08-11T19:56:13.757Z
@ycomp I would expect that maker and taker fees only get collected whenever the trade is triggered.
Murch
CC BY-SA 4.0
2017-07-02T20:57:39.980Z
2021-02-09T14:50:30.617Z
2021-02-09T14:50:30.617Z
Murch
<p>Please see the attached pictures as a reference</p>
<p>If I sell my 0.9 Litecoin at 39.18 (assume that I can sell at this price), do I need to pay any fee?</p>
<p>What if I sell my 0.9 Litecoin at 39.15 (assume that I can sell at this price), do I need to pay any fee?</p>
<p><a href="https://i.sstatic.net/fAlPz.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/fAlPz.png" alt="enter image description here" /></a></p>
<p><a href="https://i.sstatic.net/p6Spm.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/p6Spm.png" alt="enter image description here" /></a></p>

CC BY-SA 3.0
2017-07-02T16:14:29.267Z
See https://money.stackexchange.com/questions/63044/maker-taker-fees-can-somebody-explain-in-plain-english
Nate Eldredge
<exchange-fees><exchange-order>
What are taker and maker fees?
Marco
# What are taker and maker fees?

(Asked by: username_0 on 2017-07-02)

Please see the attached pictures as a reference

If I sell my 0.9 Litecoin at 39.18 (assume that I can sell at this price), do I need to pay any fee?

What if I sell my 0.9 Litecoin at 39.15 (assume that I can sell at this price), do I need to pay any fee?

[![enter image description here](https://i.sstatic.net/fAlPz.png)](https://i.sstatic.net/fAlPz.png)

[![enter image description here](https://i.sstatic.net/p6Spm.png)](https://i.sstatic.net/p6Spm.png)

**Tags:** exchange-fees, exchange-order

> **Comments:**
> **username_1**: See https://money.stackexchange.com/questions/63044/maker-taker-fees-can-somebody-explain-in-plain-english  

---

## 4 answers

### Answer by username_5 on 2017-07-02. Score: 13 | Accepted answer

When a market charges taker and maker fees, they differentiate whether you're increasing the size of the order book or decreasing the size of the order book.

When you create an order that is immediately matched with already existing orders, you're a *taker* because you take liquidity from the market. When you add an order that doesn't match existing offers, you add liquidity to the market and are charged a *maker* fee.

For example given the following orderbook:

* Alice sell 1 BTC at $1000
* Bob sell 1 BTC at $995
* Charlie buy 1 BTC at $990
* Dave buy 1 BTC at $985

If you add a buy order at $1000 for 2 BTC, you will immediately match the offers of Alice and Bob. You're a *taker*.

If you add a buy order at $993 it doesn't get matched and you're a *maker*.

---

In your case, both suggested prices for your sell order are higher than any buy offers, so you'd only pay the maker fee of 0%.

> **Comments:**
> **username_6**: do you have to pay only on entering the trade? or on exit as well?  
> **username_5**: @username_6 I would expect that maker and taker fees only get collected whenever the trade is triggered.  

---

### Answer by username_2 on 2017-07-02. Score: 3

A maker fee is when you create an order on the order book (this could be a buy or a sell) and someone else completes it, therefore you pay no fees and get the amount paid. The one that completed your order pays the fee.

The other way around, if you sell into a order already posted, you pay the fee, and they do not.

Maker fee refers to the fee it costs when you complete the order, and you are the one who posted the order. In this case, it is 0

Taker fee is when you complete someone else's order, in which in your case, its currently .3% of the total order value.

> **Comments:**
> **username_2**: https://docs.gdax.com/#fees          Also, it explains it in the documention very nicely. Take a look.  

---

### Answer by username_3 on 2018-01-02. Score: 1

A TAKER is when you place an order at the market price that gets filled immediately, you are considered a taker and you will pay a fee for books.

A MAKER is when you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, your fee will be 0% and you are considered the maker.

You will pay a taker fee when you place an order that gets partially matched immediately. The remainder of the order is placed on the order book and, when matched, is considered a maker order. The fee is 0% for that part of the total order.

**Example:**

Let's look at the following example:

ORDER BOOK

1. Peter *sell* 1 BTC at $100
2. Claire *sell* 1 BTC at $90
3. Dave *buy* 1 BTC at $95
4. Helen *buy* 1 BTC at $85

If we add a *buy* order at $100, it will immediately match the order No. 1 and No. 2. We are a **taker** and we will pay a taker fee.

If we add a *sell* order at $95 or less, it will match right away the order No. 3, and we are the **taker**.

If we add a *buy* order at $91 it will not match any order at the moment, and we will be a **maker** and we will pay a maker fee, whether there is any (it will probably be 0).

If we add a *sell* order at $99 for a BTC, it will not match any order at the moment, and we will be a **maker** (it will probably be 0).


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### Answer by username_4 on 2018-01-16. Score: 1

**First know who is maker and who is taker?**

If you place an order above the current ticker price for selling or below the current ticker price for buying, you add liquidity to the market and you thus act as **maker**. In this case you have to pay maker fee.

If you want to fill your order at the current market price, you are taking liquidity from the market and you thus act as a **taker**. In this case you have to pay taker fee.

Usually taker fee will be higher than maker fee.


---

