What is a Maker and Taker?

If you're new to trading, have you ever wondered what a "maker" and "taker" is? I remember I have when I first started.

That's what led me to writing this post; I create content around ideas or questions that either I myself have had or others have. 

When I first started trading, I always thought that being a maker meant buying and taking meant selling. Oh how I was so wrong.

It wasn't until months after I had found out what the differences were when a friend and I were talking about trading crypto one day and we somehow ended up talking about market making and taking.

So what's the difference and why does it matter? It matters because of the associated fees. In most cases, makers have lower fees than takers do. It may not be by that much depending on the exchange but perhaps enough to influence you change the way you trade if you trade massive volume. 

Here's a short 3 minute video I put together which explains exactly what the differences are.

If you're like me and only learned what the differences are after trading for some time, better late than never. Hopefully the video will help you out in the future with saving on fees.

If you liked this article, please give it a thumbs up or share it with others! You can check out my other posts here: https://www.publish0x.com/@Cryptoforcanadians.

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If you have any questions or comments, please feel free to leave them down below as I will respond. You can also contact me at [email protected]. You can also message me on Telegram @cryptoforcanadians or feel free to join my Telegram group where we talk crypto: https://t.me/crypto4canadians.

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