As we mentioned earlier. Markets have makers and takers. Market “takers” take liquidity. The idea is that you are placing market orders to immediately buy / sell orders sitting on the books created by a maker. For that, takers pay a higher fee than makers (in some markets)..In other words, if you want to “take” right now, you pay for it. The maker-taker model helps to balance the price volatility and trading volume of the coin. Usually, people like being a maker for high incentives but takers are the one who strikes a balance in the market.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs.
