Difference between revisions of "Trading fees"
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'''Trading fees''' are paid to fund the [[DAO | Bisq DAO]] when making or taking an offer. Fees can be paid in BSQ or BTC. | '''Trading fees''' are paid to fund the [[DAO | Bisq DAO]] when making or taking an offer. Fees can be paid in BSQ or BTC. | ||
| − | Bisq encourages traders to use [[BSQ]] by offering a discount of approximately 50% | + | __TOC__ |
| + | |||
| + | == Getting a discount == | ||
| + | |||
| + | Bisq encourages traders to use [[BSQ]] by offering a discount of approximately 50%. This discount fluctuates as the BSQ/BTC rate fluctuates. To maintain the 50% discount target, trading fees are [[update BSQ trading fees | updated]] every cycle as necessary. | ||
| + | |||
| + | {{Admonition_Note|If you're interested in using BSQ to pay trading fees, [[Paying_trading_fees_with_BSQ#Acquire_BSQ|see this article for instructions]].}} | ||
| + | |||
| + | == Current rates == | ||
{| class="wikitable" style="width: 250px;" | {| class="wikitable" style="width: 250px;" | ||
| Line 11: | Line 19: | ||
|- | |- | ||
!Maker | !Maker | ||
| − | |0. | + | |0.0015 |
| − | | | + | |36.24 |
|- | |- | ||
!Taker | !Taker | ||
| − | |0. | + | |0.0115 |
| − | | | + | |277.8 |
|} | |} | ||
| − | + | Combined BTC trading fee rate is 1.3% (0.15% by maker and 1.15% by taker). Absolute minimum fee to avoid dust is 0.00005 BTC. | |
| − | [[ | + | Combined BSQ trading fee rate is targeted at 0.65% (0.075% by maker and 0.575% by taker). Absolute minimum fee to avoid dust is 0.03 BSQ. |
| + | |||
| + | Trading fee rates and absolute minimums are DAO parameters that [[Proposals|must be proposed]] and approved through DAO voting in order to take effect. BTC fee rates tend to stay constant, but BSQ rates are [[Updating_BSQ_trading_fees|adjusted every cycle]] to account for BSQ rate fluctuation. | ||
| − | + | == Selecting how to pay == | |
| + | Traders choose how they'd prefer to pay trading fees while making or taking an offer. BSQ and BTC amounts (and fiat equivalents) are shown. | ||
| + | [[File:Pick-trade-fee-currency.png|600px|thumb|left|Pick how to pay trade fees on this screen while making or taking an offer.]] | ||
| + | <div style="clear: both;"></div> | ||
[[Category:Features]] | [[Category:Features]] | ||
Latest revision as of 09:22, 21 November 2024
Trading fees are paid to fund the Bisq DAO when making or taking an offer. Fees can be paid in BSQ or BTC.
Getting a discount
Bisq encourages traders to use BSQ by offering a discount of approximately 50%. This discount fluctuates as the BSQ/BTC rate fluctuates. To maintain the 50% discount target, trading fees are updated every cycle as necessary.
 |
If you're interested in using BSQ to pay trading fees, see this article for instructions. |
Current rates
| BTC | BSQ | |
|---|---|---|
| Maker | 0.0015 | 36.24 |
| Taker | 0.0115 | 277.8 |
Combined BTC trading fee rate is 1.3% (0.15% by maker and 1.15% by taker). Absolute minimum fee to avoid dust is 0.00005 BTC.
Combined BSQ trading fee rate is targeted at 0.65% (0.075% by maker and 0.575% by taker). Absolute minimum fee to avoid dust is 0.03 BSQ.
Trading fee rates and absolute minimums are DAO parameters that must be proposed and approved through DAO voting in order to take effect. BTC fee rates tend to stay constant, but BSQ rates are adjusted every cycle to account for BSQ rate fluctuation.
Selecting how to pay
Traders choose how they'd prefer to pay trading fees while making or taking an offer. BSQ and BTC amounts (and fiat equivalents) are shown.
