Difference between revisions of "Trading fees"

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=== 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 Bisq [[DAO]] when making or taking an order. Fees can be paid in [[BSQ]] or BTC, although Bisq encourages to use BSQ offering a discount of around 50% that will fluctuate toghether with BSQ/BTC market. To keep the 50% discount, trading fees will be [[update BSQ trading fees | updated]] every cycle when necessary.
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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.
  
{| class="wikitable"
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{| class="wikitable" style="width: 250px;"
 
|+ Trading Fees per 1 BTC
 
|+ Trading Fees per 1 BTC
 
|-
 
|-
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!Maker
 
!Maker
 
|0.001
 
|0.001
|5.75
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|10.06
 
|-
 
|-
 
!Taker
 
!Taker
 
|0.007
 
|0.007
|40.25
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|70.39
 
|}
 
|}
  
Before making or taking an order, a toggle to pick between pay trading fees in BTC or BSQ is displayed, together with the amount to pay and its fiat equivalent.
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Total trading fees paid in BTC is 0.8%, 0.1 by maker and 0.7 by taker.
 
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Total trading fees paid in BSQ is ~0.4%, 0.05% for maker and 0.35% for taker.
[[File:Takeoffer.png|thumb|center|500px]]
 
  
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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.]]
  
 
<!--- <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]].--->
 
<!--- <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]].--->

Revision as of 10:15, 11 January 2021

Trading fees are paid to fund the 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%, 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.

Trading Fees per 1 BTC
BTC BSQ
Maker 0.001 10.06
Taker 0.007 70.39

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.

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.