What Are Maker and Taker Orders on Coinlocally futures?
Introduction
This article explains the difference between Maker and Taker orders on Coinlocally, how each type interacts with the order book, and how trading fees apply. Understanding these concepts helps traders optimize their strategies and manage trading costs effectively.
Maker Orders
Maker orders are orders that add liquidity to the order book. When you place an order that does not execute immediately—such as a Limit Order—it sits on the order book partially or fully until another trader matches it.
Key characteristics of Maker orders:
- The order enters the order book before execution
- Adds liquidity and helps “make the market”
- Charged a 0.0300% trading fee
- Only Limit Orders can act as Maker orders
Maker orders benefit traders who prefer lower fees and are willing to wait for their order to be matched.
Taker Orders
Taker orders are orders that remove liquidity from the order book. These orders execute immediately by matching with existing orders already listed.
Key characteristics of Taker orders:
- Execute instantly by taking liquidity from the order book
- Market Orders are always Taker orders
- Limit Orders can also become Taker orders if they match immediately
- Charged a 0.0500% trading fee
Taker orders are ideal for traders who prioritize speed and immediate execution.
Differences Between Maker and Taker Orders
Feature | Maker Orders | Taker Orders |
|---|---|---|
Liquidity | Add liquidity | Remove liquidity |
Execution | Enter order book first | Execute immediately |
Trading Fee | 0.0300% | 0.0500% |
Order Types | Limit Orders only | Market Orders or instantly‑filled Limit Orders |
For detailed information regarding Maker and Taker fee schedules, please visit our official fees page
Additional notes
- A Limit Order may become a Taker order if it matches instantly.
- Maker fees are lower because they support market depth and stability.
- Taker fees are higher due to the immediate execution advantage.
Common issues
- Traders may expect a Limit Order to be Maker, but it becomes Taker if it fills instantly.
- Confusion occurs when Market Orders always act as Taker orders.
- Fee differences may surprise new users who don’t understand liquidity behavior.
Feeling lost?
If you're unsure why your order was charged a Maker or Taker fee, our support team is available 24/7 to help you review your trade details.
Updated on: 01/13/2026
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