As a buyer or seller, you can be classed as a Maker or Taker based on the scenarios below.
Maker - A Maker creates liquidity in the order book.
When you place an order that is added in the open order book and it is pending a match, you become the maker.
The order will stay in the order book until completion or unless cancelled.
We auto cancel all un-executed trades on the 29th day at 0.00 UTC.
Taker - A Taker removes liquidity from the order book.
When you place an order that matches an existing order in the order book, you become the taker.
Since a taker’s request is matched against an existing request, it will be executed immediately.