BitShares Forum

Main => General Discussion => Topic started by: mf-tzo on March 06, 2017, 07:18:02 pm

Title: Blockpay transaction fee
Post by: mf-tzo on March 06, 2017, 07:18:02 pm

The other day I put an order to buy 2,730 Blockpay for 101,000 bts and I ended up paying 101,000 for 2,675 Blockpay i.e. I paid a transaction fee of 55 Blockpays..wtf... :(...why? why? why? Anyone knows why? I paid a fee in bts terms at that time of 2,035 bts instead of 0.14bts as usually..

the order:
http://cryptofresh.com/tx/6df6a326e1d4cc37d9f29f390e716f7e8d9d3894

the fill order:
http://cryptofresh.com/tx/50ebc981be633bd0450d9a6020b7e2dbbd6b2684

and if you see my account I have only 2,675 Blockpay

 :(

Title: Re: Blockpay transaction fee
Post by: JonnyB on March 06, 2017, 07:23:53 pm

Openledger charges a 2% trade fee.

see here: https://bitshares.org/wallet/#/asset/BLOCKPAY

Title: Re: Blockpay transaction fee
Post by: mf-tzo on March 06, 2017, 08:48:02 pm

wow..thanks @JonnyBitcoin

I guess now we will soon start OTC trades with escrow to avoid OL fees..lol..

Title: Re: Blockpay transaction fee
Post by: nmywn on March 06, 2017, 09:24:49 pm

I'm not sure how it's work in BitShares, but in general liquidity taker pays more fee. In simple words: don't dump - place your order and wait, be a maker.
So how it's work here?
Both sides pays 2%, or only taker pays that fee?

Title: Re: Blockpay transaction fee
Post by: xeroc on March 06, 2017, 10:05:13 pm

Quote from: nmywn on March 06, 2017, 09:24:49 pm

I'm not sure how it's work in BitShares, but in general liquidity taker pays more fee. In simple words: don't dump - place your order and wait, be a maker.
So how it's work here?
Both sides pays 2%, or only taker pays that fee?

Taker pays the fee (percentage trading fee of asset you obtain) ...

Title: Re: Blockpay transaction fee
Post by: alt on March 07, 2017, 12:20:06 am

who buy who pay.
if you pay asset A for asset B, you need to pay the market fee of asset B, no need pay A.

Quote from: xeroc on March 06, 2017, 10:05:13 pm

Quote from: nmywn on March 06, 2017, 09:24:49 pm

I'm not sure how it's work in BitShares, but in general liquidity taker pays more fee. In simple words: don't dump - place your order and wait, be a maker.
So how it's work here?
Both sides pays 2%, or only taker pays that fee?

Taker pays the fee (percentage trading fee of asset you obtain) ...