The market maker places limit orders that wait in the order book and provide liquidity, while the market taker sends orders that execute immediately against what is already displayed. On Kraken Pro, maker fees start at 0.40% versus 0.80% for taker fees, a gap that narrows as monthly volume increases. On Coinbase Advanced, the same logic applies: market orders or immediately executed limit orders pay the higher taker fee. Retail traders can reduce their costs by using limit orders whenever timing is not critical, reserving market orders for situations where speed of execution takes priority over price. This fee difference, sometimes called the « impatience tax, » can represent a significant cost across dozens of monthly operations.
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