When trading in BingX Spot, there are two roles involved:
Makers, also known as liquidity providers, are users who place limit orders (buy or sell) that are away from the market price. If there are no matching orders available, their orders will remain on the order book, waiting for other users to trade against them.
In simpler terms, Makers are individuals or firms who place limit orders that go on the order book. They add volume to the order book to provide market depth and passively wait for execution.
Takers, also known as liquidity consumers, are users who place orders (buy or sell) to match existing orders on the order book at the current market price.
In simpler terms, Takers are individuals or firms who place market orders and consume the existing market liquidity by immediate execution.
Both Makers and Takers are subject to corresponding trading fees. For specific Spot fees: https://bingx.com/en-us/support/costs/
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