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.  
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== Getting a discount ==
  
 
Bisq encourages traders to use [[BSQ]] by offering a discount of approximately 50%, since  BSQ fees help fund Bisq's development. 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.
 
Bisq encourages traders to use [[BSQ]] by offering a discount of approximately 50%, since  BSQ fees help fund Bisq's development. 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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{{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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== Current rates ==
  
 
{| class="wikitable" style="width: 250px;"
 
{| class="wikitable" style="width: 250px;"
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Total trading fees paid in BTC is 0.8%, 0.1 by maker and 0.7 by taker.  
 
Total trading fees paid in BTC is 0.8%, 0.1 by maker and 0.7 by taker.  
 
Total trading fees paid in BSQ is ~0.4%, 0.05% for maker and 0.35% for taker.
 
Total trading fees paid in BSQ is ~0.4%, 0.05% for maker and 0.35% for taker.
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== 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.
 
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.]]
 
[[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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<!--- <br clear=all> 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". 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. '''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. 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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[[Category:Features]]
 
[[Category:Features]]

Revision as of 20:11, 23 April 2021

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%, since BSQ fees help fund Bisq's development. 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 0.001 9.95
Taker 0.007 69.68

Total trading fees paid in BTC is 0.8%, 0.1 by maker and 0.7 by taker. Total trading fees paid in BSQ is ~0.4%, 0.05% for maker and 0.35% for taker.

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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