, Crypto Entrepreneur
"Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or "takes") the maker's order.
Makers are so named because their orders make the liquidity in a market.
Takers are the ones who take this liquidity by matching makers' orders with their own. The maker-taker model normally encourages market liquidity by rewarding the makers of that liquidity with a fee discount. It also results in a tighter market spread due to the increased incentive for makers to outbid each other. The higher fee that the taker pays is usually offset by the better prices this tighter spread provides."
The Maker is the one who makes an offer to buy or sell, with the specifications that are appropriate (quantity, price, form of payment, etc.), the Taker is the one who takes that offer because the specifications of the same match their own requirements.