common-close-0
BYDFi
Trade wherever you are!

What are the fees associated with trading on Bisq?

avatarMarkazDec 16, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees associated with trading on Bisq?

What are the fees associated with trading on Bisq?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    When it comes to trading on Bisq, there are several fees that you need to be aware of. First, there is a trading fee, which is a percentage of the total trade amount. This fee is paid by both the buyer and the seller. Additionally, there is a network fee, which covers the cost of transferring the funds on the blockchain. The network fee is paid by the buyer. Lastly, there is a mining fee, which is a small fee paid to the miners for including the transaction in a block. The mining fee is also paid by the buyer. It's important to note that the fees can vary depending on the specific trade and the current network conditions.
  • avatarDec 16, 2021 · 3 years ago
    Trading on Bisq comes with a few fees that you should keep in mind. First, there is a trading fee that is charged as a percentage of the trade amount. This fee is split between the buyer and the seller. Additionally, there is a network fee that covers the cost of transferring the funds on the blockchain. The buyer is responsible for paying the network fee. Lastly, there is a mining fee that is paid to the miners for processing the transaction. The buyer is also responsible for paying the mining fee. The exact amount of these fees can vary depending on the trade and the current network congestion.
  • avatarDec 16, 2021 · 3 years ago
    When trading on Bisq, you'll encounter a few fees. First, there's a trading fee that is a percentage of the trade amount. Both the buyer and the seller are responsible for paying this fee. Next, there's a network fee that covers the cost of transferring the funds on the blockchain. The buyer is the one who pays the network fee. Lastly, there's a mining fee that is paid to the miners for including the transaction in a block. Again, the buyer is responsible for paying the mining fee. It's worth noting that the fees can vary depending on the specific trade and the current network conditions. If you have any further questions about the fees, feel free to ask!