BitShares Forum
Main => General Discussion => Topic started by: Voyager_8 on April 01, 2017, 07:39:13 am
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Quick question from a Newbie, if you are trading a pair containing two cryptos with differing 'Market fees' specified like OPEN.BTC (0.2%) / BitUSD (0%) it would be assumed the total cost for this trade would be 0.2%. However if BitUSD had a 0.2% fee then the total would be 0.4% in trade fees is this correct? 0.2% deducted either side, and if one was 0.3% then it would have 0.3% deducted from one side?
Also, in the above example of OPEN.BTC and BitUSD, when I exchange 1 OPEN.BTC for say 1000 BitUSD, how are the fees deducted? For example do I end up paying 1 OPEN.BTC for 998 BitUSD or 0.998 OPEN BTC for 1000 BitUSD?
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A 1% fee
B 1% fee
Someone is selling 100 B and wants 100 A for that.
You'll need 101 A to clear that order/ 1 A goes to issuer of A -> 99 B goes to you/ 1 B goes to issuer of B.
Someone pays no fees.
I think this is how it works, but not sure.
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Also, in the above example of OPEN.BTC and BitUSD, when I exchange 1 OPEN.BTC for say 1000 BitUSD, how are the fees deducted? For example do I end up paying 1 OPEN.BTC for 998 BitUSD or 0.998 OPEN BTC for 1000 BitUSD?
I'm not sure about the fee structure in general, but if OPEN.BTC applies a 2% fee, this would mean you would be exchanging 1 OPEN.BTC for $998bitUSD
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Each coin's fee is deducted from its side of the trade. So you are right, the fees would both be applied in your example case.