A “taker” ingests the book liquidity by taking an order from the order book. Let’s say a taker is someone who decides to place an order (this could be either buy or sell) that is immediately matched with an existing order in the order book.

In simple words, taker fees are levied if you complete someone else’s order, resulting in the removal of liquidity.

Since all market orders execute instantaneously, such orders would be charged with the taker fees. It ranges from 0.12 - 0.15% on NitroEx.