# Fees

Traders pay trading fees at every trade. Fees are charged as a percentage of the total transaction value (size). There are mainly 2 types of fees charged:

#### Maker fees

Maker fees are charged when a trader **adds liquidity** to the order book.

A maker order is typically a **limit order** that does not execute immediately and instead rests on the order book, waiting to be matched by another trader. By adding liquidity, makers help improve market depth and price discovery. As a result, maker fees are generally **lower than taker fees**, and in some cases may be incentivized.

**Example:** A limit order placed below the current market price that remains on the order book.

#### Taker fees

Taker fees are charged when a trader **removes liquidity** from the order book.

A taker order executes **immediately** against existing orders in the order book. This includes market orders and limit orders that are instantly matched upon placement. Because takers consume available liquidity, taker fees are typically **higher than maker fees**.

**Example:** A market order or a limit order that fills instantly at the current market price.

### MemeMax Fees

**Taker fee:** 0.15%

**Maker fee:** 0.005%


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