What is a Maker Fee?

A maker fee is the trading fee you pay when you “make” liquidity by placing an order that doesn’t fill immediately. When you place a limit order that goes into the order book waiting to be matched, you’re a market maker—and you typically pay lower fees than takers.

Maker vs Taker

Maker (Adds Liquidity)

  • Places limit orders below market (buys) or above market (sells)
  • Order waits in the order book
  • Provides liquidity to other traders
  • Lower fees as a reward

Taker (Removes Liquidity)

  • Places market orders or limit orders that fill immediately
  • Takes liquidity from the order book
  • Pays higher fees

Maker Fee Example

Scenario: Bitcoin is trading at $70,000

  • You place a limit buy at $69,500
  • Order enters the order book (doesn’t fill immediately)
  • When someone sells to your order, you’re the maker
  • You pay the maker fee (e.g., 0.10%)

Typical Maker Fees

ExchangeMaker Fee
Binance0.10%
Coinbase0.40%
Kraken0.16%
Bybit0.10%

Saving on Maker Fees

  1. Use limit orders instead of market orders
  2. Hold exchange tokens (BNB, KCS) for discounts
  3. Increase volume for VIP tier discounts
  4. Compare exchanges for best rates

Why Exchanges Reward Makers

Makers provide:

  • Deeper order books
  • Tighter spreads
  • Better prices for everyone
  • More liquid markets

Lower maker fees incentivize this behavior.