Orders
Taker
An order that removes liquidity from the book by crossing the spread immediately. Market orders are always taker; limit orders are taker when they fill within 200ms of placement. Taker fills pay the higher fee tier.
Related terms
Practice the concept
Reading the definition is the start. Build the muscle memory in the simulator with $10,000 in virtual balance, real Binance prices, and realistic execution. Free, no card.
Start practising →