Difference between revisions of "Trading fees"

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When paying the trading fees on Bisq you’ll notice a toggle to pick between BTC trading fees and BSQ 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.  
  
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[[File:Takeoffer.png|thumb|left|500px]]
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__TOC__
  
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<br clear=all>
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== Getting a discount ==
  
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BSQ is colored bitcoin that funds and governs Bisq. Remember, Bisq is a network run by software — not a company run by a CEO — but decisions still need to be made and developers still need to be paid. BSQ colored bitcoin and the Bisq DAO achieve these functions for the Bisq network without a corporate entity, legal jurisdiction, or any designated "leadership".
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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.
  
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There was never an ICO, just [[https://docs.bisq.network/dao/phase-zero.html extensive conception]], development, and testing over 4+ years to make it a reality.
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{{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]].}}
  
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'''Using BSQ is optional'''. But buying BSQ pays Bisq’s developers and makes the project sustainable, so it’s encouraged, and this is reflected in trading fees—BSQ fees are considerably lower than BTC fees.
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== Current rates ==
  
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If you’d like to give BSQ a try, [[https://docs.bisq.network/getting-started-dao-traders.html see how you can get some]]. For more on the Bisq DAO, see [[https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e these videos]] or this [[https://docs.bisq.network/user-dao-intro.html doc]].
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{| class="wikitable" style="width: 250px;"
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|+ Trading Fees per 1 BTC
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|-
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!
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!BTC
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!BSQ
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|-
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!Maker
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|0.0015
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|36.24
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|-
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!Taker
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|0.0115
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|277.8
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|}
  
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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.
  
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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.
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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.
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== Selecting how to pay ==
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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.
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[[File:Pick-trade-fee-currency.png|600px|thumb|left|Pick how to pay trade fees on this screen while making or taking an offer.]]
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<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.

Note
 If you're interested in using BSQ to pay trading fees, see this article for instructions.

Current rates

Trading Fees per 1 BTC
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.

Pick how to pay trade fees on this screen while making or taking an offer.
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