1

I have a calculator for calculating trade fees for Bitcoin on exchanges (http://tradeli.st)

However I get asked a lot to add "shorting".

Basically, for a "long" position. I do this:

BUY 1 BTC @ $100 USD
SELL .996 BTC @ $200 USD //buy fee is subtraced from sell amount

Then I take another .6% out of the sell trade to get total fees (1.2%). This all works fine and well.

But for shorting, (i'm not familiar with fee calculating on a short). The order is reversed:

SELL 1 BTC @ $200 USD //this is what user will enter to start
BUY ? BTC @ $100 USD

The user enters "SELL 1 BTC @ $200". How should I be subtracting the fees on a short?

1
  • try /r/bitcoinmarkets -- they will know.
    – chovy
    Commented Nov 7, 2015 at 19:06

0

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Browse other questions tagged or ask your own question.