Difference between revisions of "Trading costs"
m (→Premiums: Add quotation mark to emphasize it's not exactly a cost.) |
m (→Mining fees: add link to mining fees wiki page) |
||
| Line 11: | Line 11: | ||
=== Mining fees === | === Mining fees === | ||
| − | Bitcoin mining fees must be paid to do on-chain bitcoin transactions, and each Bisq trade currently requires 4 on-chain transactions: maker fee tx, taker fee tx, deposit tx, and payout tx. | + | Bitcoin [[mining fees]] must be paid to do on-chain bitcoin transactions, and each Bisq trade currently requires 4 on-chain transactions: maker fee tx, taker fee tx, deposit tx, and payout tx. |
Offer makers only pay for the first one (maker fee tx) while offer takers pay for the other three (taker fee tx, deposit tx, and payout tx). | Offer makers only pay for the first one (maker fee tx) while offer takers pay for the other three (taker fee tx, deposit tx, and payout tx). | ||
Latest revision as of 09:28, 20 December 2021
Traders incur trading costs to do trades using the Bisq trading protocol.
Contents
Trading fees
Trading fees are paid to the Bisq DAO to fund development of the Bisq software.
These fees are payable in BTC or BSQ, with BSQ fees targeted at offering a discount of 50% over BTC fees.
Mining fees
Bitcoin mining fees must be paid to do on-chain bitcoin transactions, and each Bisq trade currently requires 4 on-chain transactions: maker fee tx, taker fee tx, deposit tx, and payout tx.
Offer makers only pay for the first one (maker fee tx) while offer takers pay for the other three (taker fee tx, deposit tx, and payout tx).
Premiums
Another potential "cost" is the difference between spot price offer price (also known as spread). Spread is set by offer-makers and tends to go down as liquidity improves.
