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| trade_fees [08/31/2020 21:44] – created crowetic | trade_fees [08/06/2021 22:28] (current) – gfactor | ||
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| - | ===Trade Fees=== | + | ====== Trade Fees ====== |
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| - | The initial version of the Trade Portal, **does NOT have any added fees at all**. The only fees that are taken are those that are requirements in order for the cross-chain trades within each coin's network (from the coins involved in the trades) to take place. | + | The initial version of the Trade Portal, **does NOT have any added fees at all**. The only fees that are taken are those that are requirements in order for the cross-chain trades within each asset's network (from the coin/ |
| - | ==For example | + | ==For example== |
| - | =This means that BTC-QORT market should be used for LARGER purchases only, ones keeping the 3 dollars or so in fees that are required in mind. | + | (We do not use BTC in the Trade Portal but here is an example) The BTC-QORT market, requires 3 confirmations on the BTC network, and 3 txs. Each one is 10k sat roughly. So the trade on the BTC-QORT market will require a minimum of about 30k sats to execute completely. |
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| + | ==This means== | ||
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| + | that BTC-QORT market should be used for LARGER purchases only, ones keeping the 3 dollars or so in fees that are required in mind. | ||
| It is recommended for sellers to keep this in mind when placing their sell orders, and of course buyers should monitor the sells closely for those which make sense financially to execute. | It is recommended for sellers to keep this in mind when placing their sell orders, and of course buyers should monitor the sells closely for those which make sense financially to execute. | ||
| You could potentially simply add 30k sat to the price if you intend to purchase a low priced order, to include that in your actual paid price for the QORT you are buying. | You could potentially simply add 30k sat to the price if you intend to purchase a low priced order, to include that in your actual paid price for the QORT you are buying. | ||
trade_fees.1598924661.txt.gz · Last modified: 08/31/2020 21:44 by crowetic