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A maker is a person who sets orders in the order book waiting for them to be accepted by others.

For example, if you want to sell bitcoin, you can set the price higher than the current market price and wait for the price to reach your order. If your order to be executed, you will be the maker of the transaction, and the other party will be the taker (as it “took” your offer).

To make order books more liquid, exchanges, frequently, make fees for the makers less than for the takers, or even offer rebates.

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